I haven’t verified on chain, but he is presenting a new (and sticky) approach to contract payments, with skin in the game. The marketing alone might be worth it.
Discussion
Yeah the mechanics of the bet are interesting by themselves, but I’m still reeling for the subject matter in the bet itself
I think he’s pretty straight up, he has dealt in “shitcoinery” I’m sure due to exposure to SV peers but he touts bitcoin https://youtu.be/Etf8lFgfy6Q
His Game of Thrones analogy "The Red Wedding" makes sense...
"THEY ARE TRYING TO BLOCK THE EXITS
The US establishment just killed Signature and Silvergate because they banked crypto. Barney Frank noted that Signature wasn't even insolvent. They won't even let Signature acquirers keep the crypto business.
Fortunately there are enough pro-crypto banks elsewhere in the world that the US establishment can no longer take down crypto on its own.
But Americans might be penned in.
Remember Red Wedding from Game of Thrones?
First they close the doors, then get everyone inside.
This is what all economically bankrupt regimes do.
They build Berlin Walls that prevent freedom to exit.
Unless you get out first."