/biz/ - Business & Finance

>>51559719
>little money left in the world
>record inflation
nothing makes sense anymore

>>50855122
she's beautiful inside and out

Imagine a smart contract betting market where you can bet on the date at which famous people die. It would be a betting smart contract using oracles to verify celebrity death dates, let's say down to the hour of death. The bet closest to the hour of death wins the pool of money, pretty simple.

Now let's assume the stake grows very large, like 10 million USD. That may be large enough to attract 'cheaters', people who cheat and manipulate the celebrity's time of death. The cheaters would probably prefer to win the bet sooner rather than later, so it's likely that the greater the pool of money the sooner that celebrity will die. Effectively a crowd-funded bounty system for well-known individuals. Pretty neat, right?

Now let's go a step further. Let's say these famous people are actually lead figures of crypto projects whose deaths would cause the value of their associated tokens to drop dramatically. Maybe someone like Sergey Nazarov. Now this is the important part: the betting smart contract, instead of simply holding the betting pool, instead places the betting pool onto leveraged LINK short positions. The incentives insures that Sergey dies quickly, LINK plummets, the shorts are closed, and now the betting pool has tripled in size. And viola! suddenly there is more than enough money to reward both the winner(cheater) and the losers of the bet. Even losing bets get back double their money, no problem.

Yes, you read that right, anon. This is a bet where everyone wins. You don't need to stop at Sergey either. It's self-sustainable and there are at least 15 or so prominent crypto figures linked to shortable tokens. And once we've ran out we can go and use our winnings to buy every token that crashed due to these tragic and unforeseen deaths. Not to mention once real world assets are tokenized we can then expand this revolutionary DeFi strategy into almost every industry. Sky's the limit.

>>50707220
you take that back