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Author Topic: Bet on NXT having a market cap of >90,000 BTC by Feb 20  (Read 260 times)

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Offline netprofit

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Bet on NXT having a market cap of >90,000 BTC by Feb 20
« on: February 16, 2014, 10:33:51 AM »
Fairlay (https://www.fairlay.com/) which offers

Quote
a betting market where users can bet against each other with Bitcoin

is in beta mode for the next 2 weeks during which time you can sign up for an account with 50,000 free credits.

Bet as much as you can until March 2 and win as much as you can! The top 21 users with the most credits will share $500 worth of BTC

For more info and an interview with one of the co-founders: http://www.cryptocoinsnews.com/2014/02/15/interview-fairlay-prediction-market-replace-bitcoin-bookies/

One of the available bets is on NXT having a market cap of >90,000 BTC (originally 75,000!) by Feb 20.

Any takers?  :)

Offline Stadtfeger

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Re: Bet on NXT having a market cap of >90,000 BTC by Feb 20
« Reply #1 on: February 16, 2014, 11:21:21 AM »
Gambling, casino and betting is exactly what Next NOT need!

To take responsibility and Next to advance to trusted companies is the first step.

Offline netprofit

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Re: Bet on NXT having a market cap of >90,000 BTC by Feb 20
« Reply #2 on: February 16, 2014, 03:14:18 PM »
That was my knee jerk reaction too but on closer examination it can be seen that Fairlay.com isn't in fact a casino and whatever ones views about gambling (and let's face it, to an extent we are all gamblers here though we may prefer to think of ourselves as investors) it's at least noteworthy that of the 99 alt coins on coinmarketcap on which to bet in terms of their future performance against Bitcoin, Fairlay has first chosen NXT, presumably because they think it's the most interesting of the alt coins and therefore the most likely to engage people's attention.

Perhaps it's publicity that Nxters generally wouldn't welcome but it's publicity nevertheless.

Offline hotsurfing

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Re: Bet on NXT having a market cap of >90,000 BTC by Feb 20
« Reply #3 on: February 17, 2014, 06:44:20 AM »
Betfair with digital currencies sound pretty sweet

Offline leeo

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Re: Bet on NXT having a market cap of >90,000 BTC by Feb 20
« Reply #4 on: February 17, 2014, 08:11:36 AM »
If I take the market capitalization of NXT and divide it by the unit price of BTC I currently get
92604.544933985570080002617672562

So the bet is simply that NXT maintains its market cap at about the present levels.  This might or might not happen depending on how many features make it out of alpha/beta test.

--LeeO NXT: 8225732605502514703

Online erkki12

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Re: Bet on NXT having a market cap of >90,000 BTC by Feb 20
« Reply #5 on: February 17, 2014, 09:18:26 AM »
Gambling, casino and betting is exactly what Next NOT need!

To take responsibility and Next to advance to trusted companies is the first step.

Exactly.
"Paper money eventually returns to its intrinsic value – zero" -Voltaire

Nxt 832489474810166741