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This is $200,000 in bitcoins, not actually $200,000.
by poolpool 13y ago
This is $200,000 in bitcoins, not actually $200,000.
- logicallee 13y agowhat do you think the definition of "$200,000 in bitcoins" is?
- poolpool 13y agoI think it means its 200k in "bitcoin" thats near impossible to cash out at such volumes. So I think this is a PR stunt and nothing more. Rolling your own encryption has always been proven to be the worst idea.
- Sambdala 13y ago$200k in Bitcoin is relatively easy to cash out without affecting the market much these days.
- eknkc 13y agoYou can easily cash that out today. $200k is not a huge deal.
- igindin 13y ago200k USD will be paid in BTC
- citricsquid 13y agoThere's more than enough volume on any established exchange. $200,000 is roughly 380 BTC at the current price on Bitstamp (~$530). If you were to sell 380 BTC now on Bitstamp there are enough buy orders for the entire sell to be filled before the price got to $525.
- paveldurov 13y agoIf you don't like BTC and other cryptocurrencies, we will be happy to transfer regular 200,000 USD to you after you win. It's up to you.
- vasilipupkin 13y agoВы офигенно придумали. Молодцы! I personally think it's great that people are trying various solutions. Disclaimer: I know little about cryptography
- deleted 13y ago[deleted]
- geminitojanus 13y agoWell it's $200,000 today, $386,000 tomorrow, $120 the day after that...
- justbaker 13y agoPick a good day for brilliance.
- thedufer 13y agoApparently we don't read here on HN. From http://core.telegram.org/contestfaq http://core.telegram.org/contestfaq: > Q: What if I don‘t trust bitcoins and don’t want them as a prize? >If the winner prefers conventional money over bitcoin, we will be happy to transfer them 200,000 regular USD instead of BTC.