This bet will treat "the bitcoin network" as the chain that has the most hashrate behind it.

If a small miner forks themselves away from the network with the most hashrate, that shall not count for the purposes of this bet.

This bet assumes that the MAX_BLOCK_SIZE constraint will be greater than 1MB by July 2017. Segregated Witness activation shall not be construed to mean >1MB blocks.

This bet will be concluded on July 1st, 2017 at 00:00 GMT.