Bitcoin Forum

I placed a bet with Matthew on Sunday.  My 100BTC on pirate defaulting against his 250BTC, everything else same terms as his thread.  After his thread exploded in popularity, I decided to demand an escrow.  He did not want to escrow, which I have begrudgingly agreed to because it was not in the original terms of the bet.

However, I urge all future bettors to not bet without both sides in escrow.

Anyone might be a scammer if there is enough money involved.  

Here is a quote from Matthew quoting some of my PMs.

He offered a deal to you, and you accepted.  You may not trust him but you have put nothing up and he also has to trust you.  If you do not like those terms do not bet.

I personally think what he is offering is a little foolish but it shows he has much more testicular fortitude then I do and he believes in what he is doing. 

Why would he want to change the conditions in your favour after the fact? Makes no sense.

You should have insisted before the fact, he has dealt through escrow with other bettors.

Which is why I'm standing by my bet.  I just wanted to make everyone aware that they should use an escrow.

I offered to amend the terms of the bet.

Honestly I think you made a good bet.  And should you win I expect you will be paid.  Should you lose, have those coins ready. 

I will bet you 100 Bitcoins that Matthew will fulfill his end of the deal within 3 weeks after a conclusion.

This means that if Matthew wins (pirate pays out) Matthew is done and I get 100 Bitcoins from you.
If it is decided that Matthew loses and has to pay you Ƀ250, and he /doesn't/ do so within 3 weeks, I will give you 100 Bitcoins. (The 3 weeks start after it's been decided that Matthew loses. Suggestions on how this should be decided?)

We can use a two-sided escrow on this bet if you want to. I've got a decent rating (http://bitcoin-otc.com/viewratingdetail.php?nick=Mqrius) though.

If this gets booked and not escrowed, I'll take action on BTCurious paying out.

lol, MNW IS A PONZI!

Apart from that, i bet with him without an escrow, fuck da police

lol epic

I would like to clarify that I am 95% confident that Matthew will pay me if I win.  I am not looking to bet that he won't.

I have removed the capitalized words from the title to make this seem less alarmist.

He runs a business which is worth several hundred thousand dollars, and only target market resides here on the forums. I don't think he's going to accept a scammer label over a few thousand BTC.

Wisdom.

What is the basis of this valuation?  I'm not trolling, just genuinely curious.

Don't mind Luceo, he's delirious. MNW lives in his parents basement in Korea.

Are you an investor? If not, I'm not legally allowed to discuss that with you. You'll have to sign and return a Statement for Certified High Net Worth Individual to legal, then Vladimir will ask you if you're serious about investing and if you say "no I just wanted to know more information about your private company", he'll probably ignore you from then on. Good luck!

As I see it, there can be complications in this bet. For example, if Pirate buys back a major part of this debt at, say, less than 10% of face value and then actually pays back the few true believers, I still consider him having defaulted, and having been a scammer. I don't think this is likely though. But this might affect the outcome of the bet. In that case I am left with the choice: Either lose my money or lose my reputation. I think this is a fair outcome.

If there is no proof he bought back his debt then it is not relative to the bet. Fraud is something you have to prove, and we will not be speculating on the could's and would's with this bet. Only the sureties. He will pay back everything he owes on the terms the investors agreed on within 3 weeks or I lose. End of story.

Its pretty retarded that investing in companies is limited to high net worth individuals but that says a lot about the kind of society we live in.

It's the single most stupid law ever. JOBS act ruined the internet.

I'll bet 1 BTC that BTCurious will honor this bet!

escrow ? what is it you don't understand ?

The escrow is the public log of the thread, the enforcement method is bitcointalk/online reputation.

Why would you need an escrow on your side ?

Why not? That's the better question.

Bumping for "I told you so".

Heh heh yup..

Im happy at least he got his Scammer tag.

dust: I think at this point many would be interested in knowing about your portfolio.
This may be the right time for you to launch an investment fund or newsletter.
 

Because money > bitcointalk/online reputation maybe?