Obviously he’d get his $1M back, why wouldn’t he? I never said he wouldn’t…
He is selling a BTC put that expires in 90 days and is worth $800-900k for $26k, that’s all I said.
Balaji is betting the hyperinflation makes the BTC worth more than $1M hyper inflated US dollars. If hyperinflation happens, the BTC/USD pair will go up in dollar value.
That's not what I am saying. I am saying that BTC may be worth 100k, and the USD 500k and he still wins the bet (under the interpretation I mentioned above).
Terms of the bet: ideally someone can set up a smart contract where BTC is worth >$1M in 90 days, then I win. If it's worth less than $1M in 90 days, then the counterparty gets the $1M in USD.
Comments
Obviously he’d get his $1M back, why wouldn’t he? I never said he wouldn’t…
He is selling a BTC put that expires in 90 days and is worth $800-900k for $26k, that’s all I said.
Balaji is betting the hyperinflation makes the BTC worth more than $1M hyper inflated US dollars. If hyperinflation happens, the BTC/USD pair will go up in dollar value.
That's not what I am saying. I am saying that BTC may be worth 100k, and the USD 500k and he still wins the bet (under the interpretation I mentioned above).
Nevermind he just updated the thread.
https://twitter.com/balajis/status/1636827051419389952?s=20