Looks like one payment is out...
19:53 <[\\\]> hey pirateat40, thanks for the payout!
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19:57 <bdcs> <[\\\]> hey pirateat40, thanks for the payout! <---- for real?
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19:57 <[\\\]> bdcs: no. |
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Bet closing in < 10 min, and a wild pirate has appeared in #btcst. Dun dun dun! |
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If that is so his life is about to get a lot more interesting.
Well, yeah, if by interesting you mean ruined.  The assertion that Trendon Shavers = pirateat40 has not been conclusively established. Whether the assertion is true or false, it was planted by pirateat40. So don't go and hire Mexican bounty hunters or anything. |
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17:55 < DutchBrat> T S is his alter ego, pirateat40 is his real name
17:55 <@pirateat40> Trendon Shavers is a DBA, just to be fair.
17:57 <@pirateat40> I just use his name, he doesn't even speak english. Pirate could and would of course be saying this either way, but please try be careful not to ruin the life of any innocent bystanders. If Trendon Shavers, McKinney Texas is not the same person as pirateat40, poor Trendon has suffered a nightmare case of identity theft. FBI!!! OPEN THE DOOR! *CRASH*¿QUÉ PASO? SOY INOCENTE! YO NO HE HECHO NADA MALO! |
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TL;DR: There is three possible reasons why Matthew organized The Bet , and only the least probable one will earn money for someone betting against him. - Matthew is hardcore and rich gambler who is willing to bet maximum of 10k BTC in favor of low probability event, his risk vs profit evaluation isn't rational.
- He knows something about pirate40 that we don't, e.g. Matthew conspired with pirate40 or it's the same person.
- Matthew has no intention to honor the bet in case he lose.
Just because you can't think of reasons doesn't mean there aren't any. Here's just on more out of the several I can think of: - Huge media attention mentioning Matthew Neal Wright and Bitcoin Magazine coming up.
Massively cheaper than placing actual paid advertisement with BBC, Wired, Slashdot, Forbes, The New Yorker, etc, etc, etc, all at once. |
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[17:44] <@pirateat40> Wouldn't it be fun to run with the coins though? I could make history.... If i pay back, I just get forgotten.  I missed this one: I'm looking to pull one bigger than mybitcoin.com. If figure, go big or go back to work.  |
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[22:51] <@pirateat40> btw, pirate has been drinking.
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<@pirateat40> is on #btcst right now. I expect nothing.
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- amount of maximum bet - You may now bet up to 250BTC per person
- amount of posts required - You must now be a 250+ post established member or find someone to escrow the coins for you
250 BTC
1B2ChfKWKDvEzhaxQBE1hVaw8a7c93qTkC
In for a penny, in for a pound.
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From: [CLOSED] Imsaguy's PPT @ 7%
Interest payments were made electronically (redeposited) but not actually sent out.
  Was this standard operating procedure for the pass throughs? This is another signature ponzi move. Have some context: The regular payment of so-called dividends induces investors to bring friends, family members, or business colleagues into the scheme and to put up additional funds themselves now that they are convinced of its veracity. The operators will also persuade you, with little effort, to "roll over" your "profits" into another investment cycle, so your actual return ends up being back on paper only. They may decide to provide you with just "statements" showing you your profits rather than sending out cheques, but the receipt of a cheque in the mail seems to generate more enthusiasm for participants, and it ultimately makes it back to the con at any rate. This kind of setup relies on keeping his victims from knowing they are being cheated for as long as possible so others can be lured in. ... Mark Fleming Consumer Protection Lawyer http://www.crimes-of-persuasion.com/Crimes/InPerson/MajorPerson/ponzi.htmSquall1066, see: http://simple.wikipedia.org/wiki/Ponzi_scheme.
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Can I add 10 BTC, up my free money to 100 BTC? Accepted. In that case: 100 BTC
1B2ChfKWKDvEzhaxQBE1hVaw8a7c93qTkC
Never trust a pirate.
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Can I add 10 BTC, up my free money to 100 BTC? |
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Can someone please paste every line he posted to #btcst today? EDIT: nvm, i'll do it. give me a sec. Here's the raw, unedited log: http://www.bitbin.it/MKzYy6BiI'll snip and post pirate's comments in a moment. [2012-08-20 17:53:37] <pirateat40> finway, it doesn't work that way.
[2012-08-20 17:55:03] <pirateat40> Inedible, whiskey
[2012-08-20 17:55:34] <pirateat40> finway, once my process is released you'll understand more of how coins move around.
[2012-08-20 18:03:20] <pirateat40> finway, which account is yours? Ill make sure yours don't. :P
[2012-08-20 18:07:26] <pirateat40> Today is the start of a busy week guys, i'd love to answer all the 200 pm's but can't. I'm around and you'll know when things start to move.
[2012-08-20 18:07:30] <pirateat40> pirate out
And then there's this guy: [2012-08-20 17:35:28] <pirateat40_> ill never pay
[2012-08-20 17:35:30] <pirateat40_> hahahahahha So, that was it for monday? No answers, no promises, no payments? |
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In other words: pirate is a honest man, while you would always scam given the chance. Revealing...
Dear aq, you seem to have become unwary and abandoned your common sense. ... Because a ponzi scheme is technically insolvent, in the sense that its liabilities exceed its assets from the first day it does business, it can only continue until the pool of gullible new investors dries up. At that point, the scheme collapses or the operator folds it up. The collapse may be accelerated by the promoter's overuse of the money on impressive looking trappings for substantiation, or on personal extravagances, to create the appearance of prosperity. Many first-time perpetrators of this crime become so accustomed to the lifestyle it generates that they themselves are in disbelief when it crumbles, convinced over time by their own lies. Ponzi schemes can be applied to almost any business or investment, so when it fails, as it must, people often deem it a poor investment rather than an elaborate hoax. To mask the fraudulent nature of the investment the scammer will often file for bankruptcy after safely hiding the money, then bemoan his failure and offer abject apologies to his loyal followers.
Generally, investors in Ponzi Schemes lose most of their invested moneys because there is no substance whatsoever to the "opportunity". By making a lie look like a truth they cause you to become unwary and abandon your common sense. ... Mark Fleming Consumer Protection Lawyer http://www.crimes-of-persuasion.com/Crimes/InPerson/MajorPerson/ponzi.htm |
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 POOF! |
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