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‘Maximum Pain’: Joe Lubin, Jimmy Song Strike $500K Crypto Bet on Ethereum’s Future

From coindesk.com

The terms of a much-hyped bet have finally been settled, and, at current prices, more than $500,000 in crypto is on the line. “It’s a maximum pain kind of bet,” Jimmy Song said during a session of CoinDesk Live at Consensus 2019. “Skin in the game.” The new details stem from an onstage agreement from Consensus 2018, where Lubin told Song that 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” out of the bet in recent weeks, including calling Lubin out on Twitter. But the meeting of the two crypto thought ... (full story)

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  • Category: Fundamental Analysis