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I'm cool with the bet even if it doesn't involve "official stamp of approval" from any government. You say USD/EUR will hyperinflate. We can probably agree tha
by pakitan 13y ago
I'm cool with the bet even if it doesn't involve "official stamp of approval" from any government. You say USD/EUR will hyperinflate.
We can probably agree that gold price is a good measure if something has hyperinflated. So, if a troy ounce of gold is worth less than $100K USD/EUR after 5 years, you pay me $10K and if it doesn't, I pay you 1 BTC (the terms you offered below). Escrow is John K from bitcointalk. Deal?
EDIT: fine, you don't want gold. Pick any commodity you fancy - grain, corn, rice, oil, copper, coffee...whatever. It rises 100 times in USD value, you win the bet. Just don't tell me nobody will want these either and we'll live just on bitcoins and fresh air :)
- oleganza 13y agoI bet gold at some point will go down massively too. Why hold gold somewhere in the vault of a bankrupt banker when you can hold bitcoins? I wouldn't bet on what happens to the gold. I only feel like it will go very low over the next 20 years. Shorter term - have no idea.