If you did not notice this:
https://bt.irlbtc.com/view/5462314.0Apparently, Adam Back bet 1mil sats (~$300 right now) that bitcoin would be at or above $100K on 0:00hr UTC time March 31, 2024 (initially); the bet was later later adjusted to 840000 block time.
Is 300$ a challenging amount to bet??
I think that the symbolic nature of the bet is supposed to be part of the point that is being made.
It seems to me that there are NOT needs to make large public bets merely to show that you are a baller.. or whatever in that direction... To me, trying to show that you are a baller sounds like a shitcoin ploy to feel any kind of need to make large public bets when the point of the bet is likely still communicated by the fact that Adam Back is making that bet.
Many (probably most) people believe that Back is going to lose this particular bet, which it does seem that the odds are against him, even though we likely recognize and appreciate that bitcoin can do a lot of crazy-ass things, including but not limited to reaching new ATHs way before it usually would be expected to reach such ATH within the four-year cycle (to the extent that 4-year cycles remain "a thing.").
If you did not notice this:
https://bt.irlbtc.com/view/5462314.0Apparently, Adam Back bet 1mil sats (~$300 right now) that bitcoin would be at or above $100K on 0:00hr UTC time March 31, 2024 (initially); the bet was later later adjusted to 840000 block time.
Is 300$ a challenging amount to bet??
Yes, $300 is a quite challenging amount for many people especially for the ones who belong to low wage areas.
Adam Back is not in the low wage area, and his counter-betting party is likely not in a low wage area either.
I consider myself among those people for whom $300 is quite a huge sum of money and for that much money I can work a whole month for someone.
And you are not making the bet, right?
Some people always try to find many opportunities to earn money the right way and for them such amount really matters a lot my friend.
Betting can be "a right way" to make money, if your purpose is actually to make money rather than to just communicate a message.
People who are ONLY making $300 per month probably should not be easily entering into $300 bets, but even if the bet is 1/12 your annual income, that still is not necessarily an outrageous amount to bet if you were to have a sufficient amount of savings.. I am not sure what the threshold would need to be.
Gosh think about it, if a person makes (and feels somewhat comfortable to live off of $300 per month), then even if we raise that to $1k per month (to account for inflation and debasement of the currency), then a years income would be $12k, and fuck you status is usually 20x to 30x annual income, so you may well end up reaching fuck you status with merely $240k to $360k invested/saved. Frequently we talk about fuck you status being much higher than that, but surely if we are wanting to be sensitive to the lower income earners (and people who are happy living off of lower amounts), we can still see that fuck you status can be entered way lower than what some folks in the western countries believe to be necessary for them to feel sufficiently happy in terms of attempting to maintain their accustomed standard of living.
[edited out]
Now now shabban do not think you know the first thing about me. Let me clarify it for "yours truly" .
You don't even know what the term "yours truly" means, you dumb twat.
Yours truly is an expression that is used to refer to yourself, not the other person.
Sure, maybe could give you a break on that one because many of us can get some of the common and normal expressions WWWWRRRRROOOOONNNNGGGG.
I do not hate Bljatcoin i simply hate what if has become because of lowaks like you and therefore disprove it.
In other words, you are bitter about bitcoin, and just looking for excuses to hate on bitcoiners.
Pobrecito.
Not.
When true early adopters were in it it was easily taken from them by a calculated attack on many exchanges which is bound to happen again and make this bljatcoin worthless again for a time being.
Some peeps learned their lessons not to keep so much value with third parties, and others, like uie pooie (to the extent that we can even believe you) merely get bitter about their mistakes.. and they compound the dumbness of their earlier mistake into even more dumbness by failing refusing to buy BTC, and they even further exacerbate their stubborness by chiding the smart ones (which are the ones who bought bitcoin) and hoping that some day that they might be correct in terms of their bitter no coiner status.. which is largely ONLY going to continue to keep them having fun staying poor.
Im enjoying it here i see folks like you posting in all 6 years of my company nothing else but the same words over and over again.
6 years of your having fun staying poor while some of us,
including the farter sirazimuth, laughing his way to the bank and building useless additions in his house while you are likely having difficulties finding enough money in order to stop sucking on grandma's milk and cookies teet (or is it apron strings?..
mixed metaphors, I know.)
It is for my personal enjoyment cause repetition like this is rare if you know what i mean(since ya all toxic little killers of joy). I offered the greatest event that could happen to Bljatcoin yet you all refused cause you all scared doubting little girls..
Simply put : Ya'all ruined BTC
Again. You live in a fantasy. You are likely
not even enjoying these kinds of interactions if you really think about how many of your financial and obvious psychological insecurity issues would have had been resolved (or lessened) with even a modest ongoing investment into bitcoin, and then at least you would have options rather than getting joy from childish interactions within a topic in which you apparently (to the extent that we can even believe you) haven't any investment.
