The day has come to finalize your bets on the number of days after the first comment of the legendary snail (because using dates would be too easy).
I have discussed the details of our bet with @grayruby and @Undisciplined in this thread. We have come to the conclusion to do the following:
Everyone has a buy in but the buy in post and update posts as people are eliminated will earn zaps and rewards so just add those into the pot.
That's exactly what I would suggest. Make the buy in relatively small (5k or so), but then keep adding post and comment zaps received by @oracle to the pot. For reference, the NBA survivor pool has received over 20k in zaps and we've only been doing it for about a month.
-- @Undisciplined in #343285
So I would say let's do 1k sats as the buy in to not price anyone out. We're doing this mostly for fun, right? :)
Therefore, the terms of participation in the $100k bitcoin bet are as follows:
- Pay @oracle 1k sats via LN address since this allows you to add a comment to the payment:
On my end, this will look like this:
- Reply with "paid" (or something) to this post so I can confirm that your payment has been received by replying to you. I will include your number in the reply so we can confirm that this is your number now. If everything checks out at this point, you are 100% locked in. No number changes, no sat returns. You can delete your comment, but you cannot delete my comment, lol :)
This means you can still change your number if you really want to by putting a new number than before in the sender comment. I will not make sure that no one changed their number since part 1 or before. But others might, lol :)
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I will regularly post updates about the bet. For example, I will post when people were eliminated and what the current pot size is since this might change over time by new people joining or because of 4.
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If bitcoin does reach $100k at a day which was not picked by someone, then the closest number wins.
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If there are multiple numbers with the same closeness, the pot will be divided evenly.
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Your number must be at least 90 days in the future.
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If you lose, that's it, you're eliminated and your elimination will be used to increase the pot via elimination posts.
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If you win, payout will be the same as the buy in: a transaction between two SN users (essentially SN's node paying itself). No payment of lightning invoices of other nodes, no onchain stuff.
Let me know if I forgot something or anything is unclear.
Now let's get serious!
And I will make sure now I don't lose access to this account, lol