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Topic: [NO LONGER SELLING] 40 BTC Bet with Micon regarding BFL (Read 1558 times)

legendary
Activity: 1400
Merit: 1005
I've spoken with my wife about this, and we've agreed to keep the bet as it is.  Wink
member
Activity: 112
Merit: 100
Given Micon is offering the bet at 1:1 I can't see you selling your action and trying to get a profit out of it still. Your best chance if you can't afford it would be trying to sell your bet for 19.5 / 19 BTC etc, losing a bit to minimize your risk.
hero member
Activity: 896
Merit: 532
Former curator of The Bitcoin Museum
Now, BTC is worth over $200, and that 40 BTC (total bet) is just too much for me to gamble with.  That's more money than I have ever really had.  I still very much believe BFL will deliver, but not having that money in-hand is eating me away...

So, I would like to sell my bet with Micon, if anyone is interested.  The agreed-upon details are below, but the essence of the bet is, as long as BFL beats Avalon's power figures and delivers by July 1st, the bet is won.



I don't think BFL will deliver by July 1.



Don't get me wrong I hope they do deliver by July 1st, if only to see that dumbarse Micon eat his words.
legendary
Activity: 1288
Merit: 1227
Away on an extended break
A bet of a bet.  Shocked

On a side note, I don't think it's fair to ask the premium considering that the results aren't clear yet. A fair value would be around 15~BTC considering that you've only put 20 BTC on line. Anyone interested should just go 1:1 with someone else.
legendary
Activity: 1232
Merit: 1014
FPV Drone Pilot
legendary
Activity: 1400
Merit: 1005
I will bring the price down to 30 BTC.  I don't think 35 BTC is enough of a premium to generate any interest.
legendary
Activity: 1400
Merit: 1005
Help me understand...
Sgt Spike put up BTC20 on a bet of whether BFL will ship product.
But wants to sell his potential loss of BTC20 for BTC35.
Is that right?
Correction:  I want to sell the likely win of 40 BTC for 35 BTC.  Wink
legendary
Activity: 1400
Merit: 1005
SgtSpike,

I wouldn't mind a slice of that pie.

Would you consider taking on a few "silent partners", rather than trying to get out of the bet altogether?

H24
Certainly.

M/M,
The BTC40 is the total # of BTC involved.
Sgt put up 20, Micon put up 20.

Spec products delivered by 7/1/2013.

Wow, the Non Com is pretty aggressive then.   I would think about 10 would be fair given BFL_Steven's latest "rumor that cannot be confirmed"
I am open to offers.  35 BTC is what seems fair to me, but feel free to offer whatever seems fair to you.
legendary
Activity: 2464
Merit: 1020
Be A Digital Miner
M/M,
The BTC40 is the total # of BTC involved.
Sgt put up 20, Micon put up 20.

Spec products delivered by 7/1/2013.

Wow, the Non Com is pretty aggressive then.   I would think about 10 would be fair given BFL_Steven's latest "rumor that cannot be confirmed"
sr. member
Activity: 322
Merit: 250
M/M,
The BTC40 is the total # of BTC involved.
Sgt put up 20, Micon put up 20.

Spec products delivered by 7/1/2013.
legendary
Activity: 2464
Merit: 1020
Be A Digital Miner
Help me understand...
Sgt Spike put up BTC20 on a bet of whether BFL will ship product.
But wants to sell his potential loss of BTC20 for BTC35.
Is that right?

correct
I think INCORRECT.   In the latter part of the string it seems the bet was upped to 40BTC.
full member
Activity: 179
Merit: 100
sr. member
Activity: 322
Merit: 250
Help me understand...
Sgt Spike put up BTC20 on a bet of whether BFL will ship product.
But wants to sell his potential loss of BTC20 for BTC35.
Is that right?
sr. member
Activity: 294
Merit: 250
Tough luck on this one, Micon wins, I think.
sr. member
Activity: 241
Merit: 250
Time you enjoy wasting is not wasted time.
Jesus.  I've now heard it all.  'Selling' this kind of bet like it's a ticket for a fucking raffle or something.  I instead suggest that you trash this idea as a lapse of judgement on your part, retain your dignity and honor your bet or forfeit it entirely.

sr. member
Activity: 378
Merit: 250
SgtSpike,

I wouldn't mind a slice of that pie.

Would you consider taking on a few "silent partners", rather than trying to get out of the bet altogether?

H24
legendary
Activity: 1400
Merit: 1005
That's a good bet, he wouldn't take one from me with the same exact terms so I expect he thinks he will lose. You might as well keep it...
I very much think I will win as well.  It's just that niggling feeling of "what if" and "holy crap, that's almost $10k" that makes me want to just be done with it.
legendary
Activity: 1973
Merit: 1007
That's a good bet, he wouldn't take one from me with the same exact terms so I expect he thinks he will lose. You might as well keep it...
legendary
Activity: 1400
Merit: 1005
Maybe ask Micon if he'll let you buy out of the bet for 5BTC or so?
Well, worth a shot I suppose.  Wink
sr. member
Activity: 448
Merit: 250
Maybe ask Micon if he'll let you buy out of the bet for 5BTC or so?
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