Would you bet $ 500 000 on Ethereum?
|Slavomír Kaňuk|source|3675x
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Would you bet $ 500 000 on Ethereum?

New details of hyped crypto leader's bet Joe Lubin and Jimmy Song regarding Ethereum's future have been disclosed. In the bet, which stem from spotless onstage agreement from Consensus 2018 conference, is really big money! Lubin started it all, when he addressed Song with a claim he would bet any amount of bitcoin that ethereum's decentralized apps would have a non-trivial number of users in five years.





Song had accused Lubin of weaseling recently, he didn't speak directly and until the last meeting of the crypto leaders, there were no news, eventually the amount of the bet didn't disappoint - $ 500 000 ! If Ethereum is doing great four years from now, Song will pay Lubin 810,8 ETH, but if the platform for decentralised applications is blown to atoms, Lubin will send Song 69,74 BTC.


For Lubin to win, Ethereum platform needs to have at least 5 unique applications, with at least 10 000 daily users and at the same time at least 100 000 monthly active users for any six calendar months in any 12 calendar month period up to and including May 23, 2023. To be clear, this isn't a small bet for either side, both men admit. At the same time it's possible, a defeated one will lose much more in 2023, than he would pay in today's prices.

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