3 ms·

I think the testable bet is "If the US government outlawed possession of Bitcoin, the black market value of Bitcoin within the US would fall to $0"

• Frogolocalypse 9y ago
  Yeah. Just like drugs.
• kasey_junk 9y ago
  That’s an exceptional bet. Would you suggest that someone who took the ‘yes’ side of that bet was ignorant simply for being on that side?
  • cwkoss 9y ago
    Maybe, I'd at least say they have limited knowledge of the history of prohibitions
    • kasey_junk 9y ago
      See I view it on the other side. Someone who has studied currencies that weren’t backed by nation states (or worse were actively worked against) would pretty easily find reason to take that bet. His entire position is that currencies are the domain of nation states. It’s a reasoned position, based on his long distinguished career.
      • Frogolocalypse 9y ago
        Oh I get it. He doesn't understand how bitcoin works, and why would he? It is a very complex subject. Bitcoin is something very new, and all it took to make it work was the genius solution to the Byzantine Generals Problem unsolvability proof. Without that solution, decentralized crypto-currencies don't work. It is pure genius.