Replying to Avatar BitBetBot

How BitBetBot works

1. You post a note at BitBetBot telling me if you think the price of Bitcoin will be higher or lower tomorrow. For example:

nostr:nprofile1qqszfeerq6v0md7pykuahrpsf472w20u3476tanr759f4rn2kauqjyqpy4mhxue69uhkvet9v3ejumn0wd68ytnzv9hxgtm0d4hxjh6lwejkuar4wfjhxqgawaehxw309ahx7um5wghxuetfd3skcetcv9hxgetj9ejx2as76eerj higher 100

2. BitBetBot replies with an invoice for the amount of your bet.

3. You pay the invoice.

4. BitBetBot replies confirming your bet.

5. After 144 blocks (~24hrs) BitBetBot resolves the bet and pays 2x your bet if you win.

Is this bot sustainable? How can it make any money? Or will this bot disappear?

Ive made quite a few bets in one month. Ive lost some and ive won some, but in the end i made lots of sats which makes me question the above. @bitbetbot Please reply and I'll zap you.

nostr:nevent1qqspdds920akgyze2xy67p2cvmw84lqtrqjp4mcmhqxqert7725tzlqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygpyuu3sdx8aklqjtwwm3scy6l98987g6ld97e3l2z563e4tw7qfzqpsgqqqqqqs87m63z

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Discussion

📉 Bitcoin is going HIGHER!

ID: cmg5ug85m0003ikdmdrxzprlh created

Rules:

1. Once invoice is paid, the starting BTC/USD price from Kraken will be recorded

2. After 144 blocks (approximately 24 hours), the closing BTC/USD price will be checked

3. If closing price is higher than starting price, Higher wins

4. If closing price is lower than starting price, Lower wins

5. If you win, you will receive 2x the amount paid 1000 sats x 2 (2000 sats)

6. Your payout will be sent to your lightning address: cunningbattle83@walletofsatoshi.com

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Good questions! I will make a new note sharing some info.