Whether we are 88 or some other age, hopefully we are not relying on our memory for the seed words or the seed phrase, even though surely there may be several things that we need to remember, including that we even have bitcoin and/or the places that we might have our backups and/or our different coins and how to perform some of the tasks.  Some of that will change in the coming years (20 years?  can you imagine?), and surely some of us will make trade off kinds of choices in regards to how we might manage our coins.  I am not sure if I have greater odds than Phil to still be kicking in 20 years, but each of us can ONLY do our best, and perhaps hope that we have good health practices and/or genetics.

Let's say I have an assistant to help me with some of my matters, and surely the assistant might not be able to resist shaving off some coins, which surely does become a problem when dealing with persons in positions of trust... so there sometimes can be questions regarding how much to share... including figuring out what safeguards are enough, and what safeguards might have had become too complicated, so we might have to move over to a more simple solution... Is that part of the explanation why PlanB claimed to have had moved his BTC value from personal custody and into the Blackrock ETF?


Surely the way that any of us discuss matters can evolve over time, and I recall that earlier clip from Saylor (that you had linked) regarding why not to fuck around with shitcoins was a much better than his recent discussion about why not to diversify across industries, even though he was saying similar things.

I am not too worried about various shitcoins that I have, and you are likely correct that there has been some opportunity costs in holding some of them.

Historically, there had been some fluctuations in some of my shitcoins, and yeah there might have had been times that the totality of them might have had gotten close to 2% in my overall holdings,  yet that might have had been around the time that bcash and bgold were holding their value better, and yeah, my bcash did not last long in my holdings. .maybe a couple of months for my trying to figure out how to separate them, and then another period that a couple of exchanges had made them recognizable in my account, such as Coinbase and my BTC-e account, and a couple of others later down the road.  I remember when Coinbase was playing its shenanigans to try to make bcash appear like it had value and then freezing their exchange, and I was trying to get rid of them as fast as I could (at least in my timeline of reasonable) with staggered ladders.. I am not really expecting my shitcoins to perform relative to bitcoin. 

Probably the ONLY shitcoin I regret is my BGold, since there was a time that it was getting close to 0.05 of a bitcoin, and perhaps I was being too greedy because I was going to sell it around that 5% or so, but for some reason it did not meet my price and so I just  said fuck it.. and just moved it into a private wallet.  Now it is  like 0.00004 BTC.. so it has really plummeted...so it is pretty close to zero, and it has gotten delisted from several places too.. and yeah, maybe at some point there would be no place for me to sell it, even if I were to want to.


I thought that you said that you made profits on the Trump coin?  I think that sometimes we can make profits and not remember.  I made some profits on some shitcoins, but they were pretty limited plays... ..I am kind of hesitant to go into too many details because it might sound like I am pumping shitcoins...and I think that I was experimenting.  Within my first month or so of getting into bitcoin, I bought all of the shitcoins on BTC-e.. there were 7 of  them.  I think I held them for several years.. Kind of a waste of time on those and I did not really pay too much attention to them except just continue to monitor how each one of them kept going down... Maybe a little embarrassing to admit, even though I proclaim that I was not really studying into any of them.. just bought each one of them that was available on BTCe at the time in a kind of blind way.


I am glad that you are so excited about the bet, and you believe that you win either way.

I never said that it was a win-win for me.  I was merely questioning how you would consider your bet to be a win if you were to end up losing it, and then you have to make sure I receive 30,000 satoshis (after I give you an address, of course).

I do agree with your assessment that if we frame the bet in terms of dollars, then there are ways that we can reframe our having had agreed to 10-1 odds towards being 2.7-ish to1 odds, which odds are not as favorable to me, if we think about it in that kind of a way... .. that's fine.. even though we could end up in a situation 1.5 years down the road that I owe you 3,000 satoshis and there could be circumstances in which those satoshis might be equivalent to $9.99.. while you might be ONLY risking $27 if you  were to lose the bet... but still having to pay me 30,000 satoshis. 


You expressed such certainty to be claiming that the BTC price is never going to go below $90k again.  It is like you are asking for punishment when you make those kinds of absolutist assertions.  I did not really want to enter into the bet either, but you made it irresistible since you are so confident.

Sure, you might win the bet, but there may well be ways to NOT make such absolutist claims.  Philip makes such absolutist claims too, but he does not agree to follow through with a bet, so at least you are willing to stand behind your claim, yet at the same time, it does not seem necessary to make such strong claims.  But, hey whatever, you can do what you like, yet if you continue making absolute proclamations then it may end up in more bets, whether from me or some other member.   The odds are in your favor... sure.


We already have a formal post, and we already agreed to the terms.  You said you agreed.  I quoted it and one or two other members quoted it.. I think at least vapourminer and hisslyness had quoted it. We are already solidly in the bet and the formal terms have been outlined already.   There is no need to outline the formal terms again, unless we are wanting to renegotiate any of the terms, which I don't see any need to do so.  You are free to reiterate the terms if you like, and I can agree or not agree if you have reiterated such terms correctly... yet even if you don't attempt to reiterate our bet, we already have a "formal" iteration of our bet terms.  We ONLY have one outstanding bet at this point.