Re: Thinking about buying an April Cointerra unit for ~8 BTC? Take my bet instead.
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.
My bet is based on an expected return on mining. The exchange rate only really matters here in that it changes how much you pay me. E.g. say I expect the device to produce 2 BTC if so obviously I'm not going to offer it to you on terms where you only give me 2BTC. I solved it for the 8 BTC number, I need to go generalize my software to sweep the exchange rates, to come up with the other parameters. Gimme a day. 