Re: Bitcoin puzzle transaction ~32 BTC prize to who solves it
Kowala
@Kowala24731
** Announcement **
The Kowala team will start working on BTC69 April 10th. Funding round 1 is ongoing, restricted to BTC67 and BTC68 participants. If there is room for extra capital (i.e the cap of 400k USD is not reached by April 10th) we will open funding to external parties.
Expected time to resolution : 2 to 4 months.
We are letting the world know so that people considering taking part in this brute force competition can decide to participate or not knowing all the facts. We estimate competition’s odds of success to be sub 1%.
@Kowala24731
** Announcement **
The Kowala team will start working on BTC69 April 10th. Funding round 1 is ongoing, restricted to BTC67 and BTC68 participants. If there is room for extra capital (i.e the cap of 400k USD is not reached by April 10th) we will open funding to external parties.
Expected time to resolution : 2 to 4 months.
We are letting the world know so that people considering taking part in this brute force competition can decide to participate or not knowing all the facts. We estimate competition’s odds of success to be sub 1%.
Not a profitable investment, for a chance of less than 1%
Bad wording. If I understand correctly, it refers to the "others" (the external competitors) odds of success.
No one would be crazy to invest $ 400k with a risk of > 99% to lose the invested funds.
Yep.
Not sure how it can be understood the other way around ?
I think it's because you called the puzzle a "competition" and then right after referred to the "competition’s odds" and not, like, "our competitors' odds"...
Quote
We are letting the world know so that people considering taking part in this brute force competition can decide to participate or not knowing all the facts. We estimate competition’s odds of success to be sub 1%.
So, yeah, slightly ambiguous use of the same word that could mean either the thing or the people participating in the thing:
Quote
competition - noun
2: a contest between rivals (a gymnastics competition)
also: one's competitors (faced tough competition)
-- https://www.merriam-webster.com/dictionary/competition
2: a contest between rivals (a gymnastics competition)
also: one's competitors (faced tough competition)
-- https://www.merriam-webster.com/dictionary/competition
p.s. @kTimesG replied while I was writing this, but I already wrote it so I'm posting it anyway
edit: also BTW this is really English's fault, not yours
Damn I should have said competitor not competition, would have been clearer