Bitcoin Forum

Economy => Gambling => Topic started by: MPOE-PR on October 01, 2012, 02:49:57 PM


Title: Re: My 10,000 BTC bet on Pirate
Post by: MPOE-PR on October 01, 2012, 02:49:57 PM
Quote from: BurtW
I am betting 10,000 BTC that BS&T will not fail.  The bet is simple.  I am putting 10,000 BTC of my own stash into an account at BS&T.  If it fails I will lose my bet and my BTC, if it does not fail I will just keep on winning.

I will update this thread with the account balance every week so you can see how my bet is going.

All of you fine gentlemen who want to take the other side in this bet:

1) Figure out a way to do it (invest in US treasuries?).  How you do it is up to you and is your problem.

2) Start your own damn thread for your bet.

Quote from: BurtW
No change:
Code:
Week 9:  11,400

How's it going, Ponzi-gang?

Title: Re: My 10,000 BTC bet on Pirate
Post by: dust on October 01, 2012, 04:54:26 PM
I really wish he had just kept it compounding forever  :D.

Title: Re: My 10,000 BTC bet on Pirate
Post by: MPOE-PR on October 02, 2012, 02:01:31 AM
Would have been the truly lulzy thing to do.

Title: Re: My 10,000 BTC bet on Pirate
Post by: Vandroiy on October 03, 2012, 01:40:56 PM
Quote from: dust on October 01, 2012, 04:54:26 PM
I really wish he had just kept it compounding forever  :D.

Just do it then. Compund from week 2 balance, 7% per week. That's how the game was supposed to work, no?

Code:
Week 9:   11,400 * 1.07^7 = 18305.9

Might be more fun to use Bitcoinmax' 148k "account" and 7.7% weekly. Should have 267909 paper coins now. Ohmigawd, everyone is rich.

Edit: Actually, most fun is Pirate's claimed >10% weekly and 500k balance. BS&T "valuation" has just crossed 1 MBTC, rising at a rate of over 10000 BTC every day now!

Title: Re: My 10,000 BTC bet on Pirate
Post by: BurtW on October 03, 2012, 01:44:01 PM
Yes, it looks as if I lost that bet.  LOL  :'(

Title: Re: My 10,000 BTC bet on Pirate
Post by: Vandroiy on October 03, 2012, 02:08:10 PM
Quote from: BurtW on October 03, 2012, 01:44:01 PM
Yes, it looks as if I lost that bet.  LOL  :'(

Well, I'd say something like "sorry for your loss", but I can't tell whether it actually happened.

That's the thing when there's no verified record, aside from outside guesses with block chain heuristics. It's all pretty shady stuff.



Edit: I'll start updating here for entertainment of necropost-seekers. Begins with 2012-10-08:

Code:
Week 10:   11,400 * 1.07^8 = 19587

Code:
Week 11 (2012-10-15):   20958
Week 12 (2012-10-22):   22425
Week 13 (2012-10-29):   23995
Week 14 (2012-11-05):   25674
Week 15 (2012-11-12):   27472
Week 16 (2012-11-19):   29395
Week 17 (2012-11-26):   31452
Week 18 (2012-12-03):   33654
Week 19 (2012-12-10):   36010
Week 20 (2012-12-17):   38531
Week 21 (2012-12-24):   41228
Week 22 (2012-12-31):   44114
Week 23 (2013-01-07):   47202
Week 24 (2013-01-14):   50506
Week 25 (2013-01-21):   54042
Week 26 (2013-01-28):   57824
Week 27 (2013-02-04):   61872
Week 28 (2013-02-11):   66203
Week 29 (2013-02-18):   70838
Week 30 (2013-02-25):   75796
Week 31 (2013-03-04):   81102
Week 32 (2013-03-11):   86779
Week 33 (2013-03-18):   92854
Week 34 (2013-03-25):   99354
Week 35 (2013-04-01):  106308 (Broke 100k on April 1st. DESTINY!!!1)
Week 36 (2013-04-08):  113750
Week 37 (2013-04-15):  121713
Week 38 (2013-04-22):  130232
Week 39 (2013-04-29):  139349
Week 40 (2013-05-06):  149103
Week 41 (2013-05-13):  159540
Week 42 (2013-05-20):  170708
Week 43 (2013-05-27):  182658
Week 44 (2013-06-03):  195444


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