Medlock- Balaji Bet Update: Balaji Calls it a Simon-Erlich Style Bet

• Balaji Srinivasan tweeted confirming the transfer of $2 million into USDC regarding the bet with Medlock.
• The entrepreneur stated that the bet is a Simon-Erlich-style public interest bet.
• The tweet was in response to Medlock’s claim that the amount has not been submitted in the escrow.

Balaji Srinivasan, the American entrepreneur, and former Chief Technology Officer of the crypto exchange Coinbase confirmed via his Twitter thread that he has already transferred $2 million into USDC regarding his bet with the tax enthusiast under the Twitter pseudonym James Medlock.

On March 25, Balaji tweeted updating the status of the bet as a “Simon-Erlich style pubic interest bet where it is clear that there’s zero profit motive”:

As I mentioned to Medlock, I moved $2M into USDC days ago and it's ready to go[1].

Right now, we're making sure it's set up as a Simon-Erlich style public interest bet where it's clear that there's zero profit motive.

[1]: https://t.co/cLy2hEFsIc https://t.co/mKpak2KBCU pic.twitter.com/vh4k0nKFHh

— Balaji (@balajis) March 25, 2023

Previously, on March 16, Medlock posted on his official Twitter account betting $1 million about the lea…

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