Quote from: gmaxwell on January 03, 2014, 07:57:14 PM

Quote from: altoz on January 03, 2014, 05:45:24 PM

Interesting Bet. gmaxwell, are you willing to change the bet to be X BTC to be equivalent to the current price of the miner ($5999)? 8 BTC is currently around $6700, so the odds skew as BTC price goes up.

I'm not interested at 8 BTC, but if the $6000 equivalent goes to 5 BTC and the difficulty stays roughly the same, I might be willing to take that bet, for example.

I'm willing to twiddle with the terms, though under alternative ones I'd probably want more than just the 8->5 changed. Keep in mind that changing exchange rates doesn't change the BTC I think it will produce much.

If BTC were to go to $10000 over-night and I thought it would stay there, I'd be buying April machines myself for 0.6BTC.

Exactly. So is there an upper limit for the $/BTC exchange rate at which you would take the bet? Something like "$6000 equivalent in BTC up to $/BTC rate of $X"? Also, if you can codify what the changes in the terms would be if the $/BTC rate did go higher, that would give me a better sense of when I would want to trigger such a bet.