chowcollection on Nostr: “Yes. Just moving money for the bet. We can do it via smart contract, but for ...
“Yes. Just moving money for the bet. We can do it via smart contract, but for simplicity old-fashioned escrow may work.
The escrow person would need one BTC address and one ETH address (for the USDC). The assets would sit on chain for 90 days.
If BTC < $1M in 90 days after escrow, then you win and get both the 1 BTC and the $1M USDC.
If BTC > $1M USD in 90 days after escrow, then I win and get both the 1 BTC and the (now worthless) $1M USDC.
@cobie has escrowed bets of this kind before. I propose him. If not, perhaps @ByrneHobart or @profplum99. Let me know if any of those are acceptable to you.”
The escrow person would need one BTC address and one ETH address (for the USDC). The assets would sit on chain for 90 days.
If BTC < $1M in 90 days after escrow, then you win and get both the 1 BTC and the $1M USDC.
If BTC > $1M USD in 90 days after escrow, then I win and get both the 1 BTC and the (now worthless) $1M USDC.
@cobie has escrowed bets of this kind before. I propose him. If not, perhaps @ByrneHobart or @profplum99. Let me know if any of those are acceptable to you.”