Topic: @RogerVer lets make a deal. At least 60k, my BTU for your BTC. - page 30. (Read 64943 times)

"This sounds like a great deal for both of us.  I look forward to ironing out the exact details and terms.  I'm super busy for the next 48 hours,  but would love to connect after that.
"

Maybe take a break from having an opinion? 

Can we join? I think most of our investors would agree on this deal which makes it almost 3600BTC.

Regards,
Alex.

If Ver can really throw away that much dough pointlessly, why doesn't he hire a professional programmer or two to audit the damn code? It doesn't add up.

That means 60,000 BTC, but that's not 60 million USD? What happens if the BTU is approved and created? Does the value of bitcoin change and decline dramatically? And how will the BTU be worth? These are the questions that I want to know. Please give me answer. And if that happens, where can I use BTC to get a BTU? In other words, where can I double my coin ?

Definitely. Sign me up as well, but let's try to use coinjoin or something of the sort.

What a thread OMG, all the heavy weight bitcoin champions are here. This is the clash of the kings.



Let the fork happen as soon as possible please, i want to see who'll win and who'll lose immediately

I'd be interested in participating in a pool if it can be organized. I'm guessing there's thousands of BTC that would be interested in this. I'd trust dooglus as an escrow if no atomic swap can be established.

Taking all these BTC from Ver is a huge service to the community. As well as fantastic business, if he doesn't backtrack like a scared crab.

Thanks, Loaded.

You're right, I was skimming.

OK, I hereby confirm the deal. As soon as there is a BTU/BTC Split, MemoryDealers (Roger Ver) has to pay a minimum of 60k and a maximum of 130k post-split BTC to Loaded. Loaded has to pay the same amount of BTU to MemoryDealers.


Extraordinary claims require extraordinary evidence! However a signed message would be welcome.

At the very least. He's a well known personality. I won't believe he's agreed until I see video of him accepting.

Ah yes, one of the known 'tactics'. I guess an equivalent signed message is required to confirm his acceptance.

You know as well as I do, that doesn't mean shit. He can just claim that his account was compromised.

I didn't expect Ver to accept this bet. I'll be watching this.

Quoted for reference.

This is not possible without a replay protection, which BU refuses to include

The biggest BTC value bet I can remember was on Just-Dice, where a player lost a little over 7000 BTC on a single dice roll.

The second biggest was this one in which Vandroiy won 5000 BTC from pirateat40.

this may be one of the biggest if not THE BIGGEST bet in history.

http://www.aol.co.uk/money/2012/09/13/10-of-the-biggest-bets-ever-placed/

ok, aol is not a prime source, i will dig deeper. first few google attempts did not show a bigger one yet.

holy handgrenade. i will buy shares of a popcorn company, because they will rise!


edit:
http://www.32red.com/blog/5-biggest-bets-of-all-time/

editII: it is more a trade than a bet.

The "Bitcoin Classic" brand was already taken. It was the 2nd of 3 (so far) attempts to hard fork Bitcoin to a larger blocksize limit. XT, then Classic, and now Unlimited.


I expect BU would add a checkpoint on the first >1MB block to prevent the BU chain every reorging back to the Bitcoin chain.

Loaded's term:


needs clarification. "Major changes" is too vague I think. BU adding a checkpoint to prevent reorgs back to the pre-fork chain could be called a major change, for example.


This could use a lot of clarification. The designation of "the most-work blockchain" is possibly going to refer to different chains at different times. It would be clearer to talk about chains by whether they contain at least one >1MB block or not. Also, it seems odd to specify the "~2 weeks" clause when any minority chain is almost guaranteed to take over 4 weeks to mine 2100 blocks.

[Edit: also I have seen posts from BU supporters saying that they will attempt to kill the Bitcoin blockchain in the event of a hard fork by deliberately orphaning any blocks on it, replacing them with empty blocks. If such a 51% attack happens it seems likely some kind of countermeasure would need to be taken, possibly a change of the work algorithm. Your bet then reads like "in the event of a hostile hard fork the original chain will die unless it takes steps to protect itself from attack" which is maybe self evident.]


I guess from Loaded's point of view he isn't risking anything of value. He's only risking some valueless altcoin that has no chance of success. Once he wins the bet he will have doubled his Bitcoin count while simultaneously having reduced Roger's ability to further damage Bitcoin.


I would be happy to act as escrow, but I would need the rules to be a lot clearer than I have seen so far.


It seems possible to me that there could be a deliberate fork attempt but that it loses support quickly enough that it never reaches 72 blocks long from the forking block. For example, perhaps a significant percentage of the hashrate currently signalling BU support is trolling you, and won't ever actually mine BU blocks but just wants you to try forking. How happens in that case?


I have no problem with using Reddit, or a separate BitcoinTalk thread. We should probably move off of this thread though and leave this one for the Loaded/Roger bet.

Edit:


I think the idea is that they would want to lock the coins in place before any fork happens. Your plan seems like it requires the fork to have already happened.

Step 1: Roger will generate a secret random value

Step 2: On the original chain, Roger will send 60000 tokens to the following P2SH address:

Step 3: When the tx in step 2 is sufficiently confirmed (number of blocks to be determined), Loaded will send 60000 BTU tokens to the following P2SH address:

Step 4: If Roger is satisfied with the transaction of step 3, he will collect 60000 BTU with the following signature (in not more than 10 blocks of time)

Step 5: Loaded will collect 60000 original BTC tokens with the following signature

---------

In case Loaded failed to do step 3, Roger will be able to get his BTC back after 100 BTC blocks

In case Roger failed to do step 4, Loaded will be able to get his BTU back after 10 BTU blocks

You'd better try this on testnet before using real money

No way you will accept at the end, lols will be hard. BTU hacked again and the only way your paid 2nd tier devs can fix it is with closed source patches.