[edited out]
About usability...... i have a very very special opinion about that, and a lot of people is gonna kill me for what im gonna say, but for me BTC cant be the coin for the day to day transactions. I have a few arguments since his proper tecnology the way was build and the Gresham law.
Sure Gresham's law suggests that you use your bad money before you use your good money, so if you have other money to spend, then you would spend that first. I doubt that precludes bitcoin from being used in transactions. We just spend all of our more shitty money first, and if we have been working our whole life and saving in bitcoin, and maybe we are spending other kinds of money, and so when it comes time that we run out of our other money, then we have to spend our bitcoin. Same thing if we were being paid in bitcoin, then we might save those but then if we are ONLY being paid in bitcoin, then after a while we have no choice but to spend our bitcoin if we want to eat and have shelter.
Here, we have no house. Therefore if we were to enter into a bet, we can agree to whatever we believe is reasonable, and yeah, we might not agree that the level of disagreement rises enough to be bettable.
Since Bitcointalk is fairly a decentralized platform where we can communicate without any censorship. So you are right in saying that there is no house here. But keep this in mind that in real life gambling, house is always the winner.
If I met you in real life and we were talking about making a bet, there would be no house. It is called peer to peer. So why should I keep in mind a house, when we have no house? Yeah, if we went to a casino and we were playing poker, then the house takes a cut, so I stand by my point that we have no house here.
If you are certain, then you should be willing to give 10:1 odds are maybe even greater odds than that, especially if you are certain. I hate to bet on down, but if the odds are great enough, then I would not be able to resist. We would not have to have a large bet... it could be something like 0.0001 on the low end (mine) and 0.001 on the high end, yours or some other amount that we might mutually agree.. One of the problems could be figuring out when the bet ends.. so of course, I would win if the BTC price touches any price below $90k .. such as $89,999 or lower (Bitstamp is ONLY measuring in whole dollars), and you would win by the end of 2026 (or something like that) if the BTC spot price does not touch below $90k. I am pretty sure the bet should resolve before the end of 2026, or maybe I could concede that you won if we reach $333,333 or greater prior to touching below $90k?
I have to wait till end of 2026 to get my money that's a much log wait. Reduce the timeline to one month or something near to that, so we conclude this well in time. Two years wait is quite long my friend.
If the price is reached prior to 2026, such as if the BTC price goes below $90k, then the bet would close at that time, and I am a little bit uncomfortable entering a bet in which I have to describe the terms, since you might want to clarify that you actually understand what a 10-1 bet would mean, as I had outlined it. Of course, we would not need to bet on 10-1 odds, and we could bet other odds or other conditions....but yeah, for you to win, then we would need to have some thing on the other end, and earlier you posted a claim that we are "never" going below $90k ever again.. but now you want to change it to one month or something like that? That was not what you said in your first post.
Another interesting idea. Will the BTC price be over or under $200k in January 2027. The odds are probably less than 50/50 that the BTC price will be above $200k in January 2027, but surely not so strong to be bettable.
On the other hand, the odds are probably quite a bit higher 50% that the bitcoin price will go above $200k at some point between now and January 2027.
in gambling, odds can be deceiving. In case of bitcoin, most predictions are wrong.
There is no way we can ascertain future price range of bitcoin, we can only predict and that can be right or wrong. There is consent among the community that bitcoin price will continue to go up with passage of time. May be by Jan 2027 price of Bitcoin go above 300k.
I am not claiming to know where the BTC price is going to go; however, if you said that the BTC price is never going below $90k, that gets my attention. Sure you might be right in your prediction. Sure we don't know where the BTC price is going to go, but you still made a post saying that you know that the BTC price is not going to go below $90k ever again, and you wanted other members to quote your post in order to capture your sorcerer wannabe status.
May be you can join me on my dinner today that has to much carbs. It's ok to have a cheat meal once in a while hahahaha
There is a delayed reaction.. so I cannot say that I am ready to eat with you.
Also, I had a high carb meal yesterday. I had a friend text me and ask to join me for lunch on short notice and was bringing some food from a fast food restaurant.
I wasn't sure how much time that I was going to have (maybe half an hour?) so I started to think that I did not have any meat to add to the dishes, but I got some meat out of my freezer and I threw that meat into the microwave to thaw it... but the friend texted me again and said that the arrival was in 10 minutes.. which the meat thawing in the microwave was barely even getting started in its thawing time. Surely it was not enough time for the meat to thaw and for me to cook it in order to supplement the lunch items.. In the end, I just ate the high carb lunch as it was brought. I was not able to add any meat, and it was not really bad but there were quite a few carbs contained therein.
That looks like cooked data. Bitcoin did not start in 2014.
