He claims that this was only a fairly small amount of his money, so I suppose this guy must be extremely rich or a liar. If he's a liar, it's possible that he didn't invest that much in the first place. If he's extremely rich, it doesn't matter too much because the number means less to him than it does to us.
In reality, it's very hard to measure consensus. Where this guy went wrong is trying to measure it rather than just being part of consensus.
This is crazy. One of the worst gambles I've seen. Another lesson for hardforkers... never bet big on a hardfork unless it has 99% consensus.
If you already perceive it to have 99% consensus, it wouldn't be betting big. You might be betting a lot of money, but the risk would be negligible and the amount of money that you would gain for being correct would also be negligible.In reality, it's very hard to measure consensus. Where this guy went wrong is trying to measure it rather than just being part of consensus.
He looks really young, there's a pic of him on there and he looks to be on his 20's, so I don't see how he is rich, unless his parents are really rich and he is gambling with his parent's moneys, for 99% of 20 year olds $85000 is a lot of money.
It was always a bad bet. If 2x won I would be done with bitcoin and most people would too. If an contentious hard work wins you would be holding a shitcoin so if you made some $ gains better dump it quickly, fortunately they didn't get away with it once again. Everytime people lose money on these fork-bets bitcoin show's his strength by making real BTC holders richer and contentious-hardfork supporters poorer.
