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A comment on Balaji bets $1M that USD will suffer hyperinflation within 90 days. Parent comment

Re:Balaji bets $1M that USD will suffer hyperinflation withi... by JVillella on Friday March 17, 2023 @03:56PM (#35202040)
I think he is saying if it hyper inflates (they need to agree upon exact criteria) then he gets his 1M back + 1BTC. I don't think he is saying 1BTC > 1M USD.
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Re:Balaji bets $1M that USD will suffer hyperinflation withi... by quickthrowman on Friday March 17, 2023 @03:59PM (#35202073)
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.

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Re:Balaji bets $1M that USD will suffer hyperinflation withi... by JVillella on Friday March 17, 2023 @04:31PM (#35202505)
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).
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Re:Balaji bets $1M that USD will suffer hyperinflation withi... by JVillella on Friday March 17, 2023 @04:34PM (#35202562)
Nevermind he just updated the thread.

>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.

https://twitter.com/balajis/status/1636827051419389952?s=20

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