05 Aug '12, 9pm

$10k bet that bitcoin will outperform gold/silver/stock by 100x over two years

As mentioned in my original offer: http://www.youtube.com/watch?v=gfydIbhduu0 Bitcoins are the world's first peer to peer, distributed electronic currency. This means that they can be sent directly from person to person over the internet, without needing anyone's help or permission. They are free to send, receive, or to store, and they can be as public or anonymous as you want them to be. With bitcoins, a person in California can send $20,000 USD worth of value to a person in Russia in a matter of seconds, for FREE. In comparison: Paypal would cost about $600, and take a few seconds. Credit card would cost about $600 and take a few days, to a week, or more. Bank wire would cost about $40, and take one or two days. By all of the traditional payment methods, any government can block your transaction for any arbitrary reason. Because Bitcoins are peer to peer, no one can bloc...

Full article: http://longbets.org/611/

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