All Bets

SilkRoad coins will be sold above market value

SilkRoad coins will be sold above market value
Category:
Bitcoin
By
Sukrim
Share

Description

According to http://www.usmarshals.gov/assets/2014/bitcoins/ there will be an auction of 9 "Series A" blocks of 3000 BTC each and one "Series B" block with the remaining balance. This bet is about the potential of at least one "Series A" blocks being sold for more USD per BTC than the daily high on bitcoinaverage.com.

Decision Logic

If the price of 3000 times the "high" column of https://api.bitcoinaverage.com/history/USD/per_day_all_time_history.csv on the 2014-06-27 line is lower than the price for the most expensive "Series A" block of BTC auctioned, this bet is considered "YES".

In other words, if one of the blocks is sold above the highest market price as seen on June 27, resolves as "Yes".
 
If the price paid for the block is exactly the same or lower than on the open market, it will be a "NO".

9384

10:27AM, Jun 13, 2014 UTC

9:55PM, Jun 26, 2014 UTC

4:00PM, Jul 2, 2014 UTC

CANCELLED

This bet has been cancelled!

Reason: Outcome not known within reasonable time. Please move your bets to https://www.betmoose.com/bet/silkroad-coins-were-sold-above-market-value-547 for long-term resolution if interested.

YES
Volume:0.0000
0
# of Bets:0
NO
Volume:0.0000
0
# of Bets:0

Discussion

Login or Sign Up to comment.

Sukrim 7:46AM, Jun 17, 2014 UTC
I was alerted to a mistake in the bet resolution part, it will be hopefully corrected soon. The title of the bet is the correct way to resolve it: If 3000 of the most expensive coins that day according to bitcoinaverage.com cost LESS than a Series A block, the bet is a "Yes", not if these do cost more (as it currently incorrectly states). Sorry for the confusion caused.
Avalon 6:12AM, Jun 17, 2014 UTC
@Jonerfx - 'Yes' means at least one of the blocks will be sold above market value. Otherwise this resolves as 'No'.
Johnerfx 2:13PM, Jun 15, 2014 UTC
I made a bet, but I'm starting to think whether there is inconsistency Outcome Determination or I just get it wrong. "NO" means all blocks will be cheaper than market value?
Gloomfrost 7:02AM, Jun 15, 2014 UTC
This should be interesting...

Direct Link (click to highlight):

BBCode (forums):

Anonymous Bet - care to Login or Sign Up?

Placing bet on ""

Send winnings to:


*For use with standalone wallets (bitcoin-qt, electrum).
Shared wallets (exchanges, multifactor) will not work!

Proceed

Send your bet to this address:

1EbocQk64Kh3bXVEebPcsCtcJoB2mRwNhk

* Minimum bet is 0.0001 BTC

Your bet will be automatically entered when picked up - no confirmations needed!

Done