Do you think coins were sent?

Of course it's their money they can do whatever they want (and I absolutely appreciate the spectacle of it), but I wish this community was more about investing to grow itself rather than wiener-swinging bets for protocol preference. Forgetting the value relative to other peoples savings... the amount they are talking about is enough to make a significant dent in bitcoins global value, whether through investment in startups, funding for developers, or whatever else.

i told my wife about the bet. she asked how we could participate 

must be one of the biggest bets in history.

balls of steel. wow.

Can't we make a pool of people who want to make the deal and Roger can just absorb all that by himself?

just go to bitfinex they have a market for BU

Where do I sign up. I'll trade my btu for btc with him.

Let's get a thread going and do this shit!

why would you not trust dooglus as an escrow?

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.

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.

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.