Joe Lubin and Jimmy Song Work On the Terms of Their Bet on Dapps — and Trash Talk the Other’s Coin - Ep.034

Joe Lubin, cofounder of Ethereum and founder of ConsenSys, and Jimmy Song, partner at Blockchain Capital and founder of Programming Blockchain, pick up the bet they started at the Consensus conference in May. The challenge was on whether or not we would see several decentralized apps with real user traction five years from now, with Joe taking the yes side of the bet and Jimmy taking the no side. However, the terms of the agreement were still to be worked out. On Unchained, Jimmy proposed that Joe wins and he loses if five dapps have 10,000 daily active users and 100,000 monthly active users over a six-month period. Joe, who isn’t quite certain about what terms exactly he’d be willing to agree to, proposes a cry-uncle escape clause, Jimmy expresses his concern that Joe goes to jail and can’t deliver on any payout, and multi billionaire Joe scoffs at Jimmy’s offer to put 100 BTC on the line. Thank you to our sponsor! Digital Asset Custody Company: https://digitalassetcustody.com/ Episode links: Jimmy Song on Twitter: https://twitter.com/jimmysong Blockchain Capital: http://blockchain.capital/ Programming Blockchain: http://programmingblockchain.com Joe Lubin: https://twitter.com/ethereumjoseph ConsenSys: https://new.consensys.net/ Jimmy Song on Unchained, during which he proposes the terms of the bet: http://unchainedpodcast.co/jimmy-song-on-why-bitcoin-will-be-the-winning-cryptocurrency-ep69 Video of Amber Baldet, Joe Lubin and Jimmy's panel at Consensus -- video 31 under Day 1: https://www.coindesk.com/events/consensus-2018/videos/