Matt is invited on Wed. to come on DonkDown radio to discuss this matter again.

As I posted in the other thread,

-- Matt has lost credibility with me
-- I will never do any business with him directly ever again
-- Bitcoin Magazine will still have my full support, as I believe it is bringing BTC awareness to many and that is too important not to buy every issue, write for them, and give to my friends that will understand it.

Shitty thing for this guy to do, I hope BTC Mag doesn't get punished too hard for Matt's foolish actions.  I am now familiar with the creative process over there and they are producing really amazing content that is teaching people that know about bitcon more - and that's a really fucking valuable function to this community that shouldn't be stopped, even if a director of the magazine did something totally insane.  

Matt is invited to come on DonkDown radio on Wed. to discuss this matter.

I feel a follow-up interview to his first one is needed at this point.

Pretty weak, can't say I'm shocked.

Dissapointed in Matt, will never bet with him again of course, and I believe he deserves the scamatar.


From a damage control standpoint, I hope this community separates the awesome work done by the handful of fine gentlemen that work on Bitcoin Magazine with this 1 crazy and hurtful action made by a guy that also works on the magazine.   Of course the backlash towards the magazine is unavoidable when you welch on a $700k+ bet, so that much shouldn't shock Matt or the others involved with that project - some users will not want to give any business to an entity that makes Matt coin.

I personally will be writing an article on BTC gambling for Bitcoin Magazine and I fully support that project after getting my issue #1 delivered a few months late I read it cover to cover and it was so well written and well produced I called every BTC friend in Vegas to see if they wanted to borrow it.  (my issues #2 & #3 are also pretty late, I think I ordered them 3-4 weeks ago - but it's that good I don't care as long as it gets here in calendar 2012)  I will write articles for free for BTC mag as many as they will take from me just to support their amazing magazine which certainly brings bitcoin awareness to many.

This was an idiotic thing for Matt to do.  He has lost almost all credibility with me.  Gamblers take bets very seriously, and had I lost I would have paid.  Because he didn't do that for me, we won't do any future business involving coin.  While me writing articles may directly make Matt coin, I will accept that injustice to fulfill the greater good of spreading BTC.

well, at least it was Guaranteed.  that's still in the title. 

:ponzifail

Please! PLEASE!  stop "investing" in scams, it's hurting bitcoin

don't take Gavin's interest in these scams lightly.  This is the lead Bitcoin programmer posting here.  This means that he feels extremely strongly about how detrimental these scams are for the system he devotes a large % of his life to help further.

Do not invest in these scams.  Not even if you think you can get in, then get out before the bust - in any result you are hurting bitcoin.

so again, why would you ever need to take new deposits if you have run such a successful business?  start paying back the 1%/wk debt, right?

well, at least it was enormously interesting. 

Another shameful half-a-scam run by half-a-guy

If OP hosts kiddie porn, I don't condone it.  

the OP's OP has nothing to do with anything other than this scam, and the thoughts contained in it are valid

1)   ciuciu - your attempt to discredit an awesome post fails.  Like you don't jerk off to porn?  like you have a moral objection with it?

2)  I heart JoelKatz like alot

3)  OP rocks pretty hard.  Pretty damn good advice.  +1 on "please don't send a guy 500k BTC because it fucks it up for the rest of us"

1)  Matt is not paying out.

2)  pretty shitty thing to do IMO. 

3)  Don't understand his motivation for doing this, don't agree with it.

4)  not all that shocked

will bet with escrow only

why are you adding 30% to the prize pool for holding the coins?  are you going to invest in the scams in Long-Term Offers?

Curious words.  Doesn't make me feel too good about risking 1000 BTC vs. you, very low confidence in Matt's ability to pay this obvious losing bet now.

that's funny.  really don't like my side of the bet now, and also this thread looks foolish as Matt continues to take bets he will lose - seems shadier to me now than 1 week ago.

you are playin' great today

remember when you were arguing with me that a Ponzi scheme wasn't a Ponzi?

if Matt will still accept your bet and you think he will pay all bets equally then clearly this thread won't be +EV for you.

says the co-conspirator that ran a Pirate Pass-though  https://bitcointalk.org/index.php?topic=75738.0 

clearly ShadowAlexey has no more clout when it comes to Bitcoin

how are you supposed to trust me that I get paid a large bet then pay out smaller bets from the same bet?  I dunno, you guys sent $5M USD to a guy named Pirateat40, so I guess this 1 is pretty easy as I'm fully Dox'd / pretty easy to find.

I kicked this idea around on DD Radio yesterday, and I've decided to sell some of my Matt bet.

The Bet Thread:  https://bitcointalk.org/index.php?topic=101751.0
Bet discussion thread: https://bitcointalk.org/index.php?topic=102918.0
Bet spreadsheet showing all bets vs. Matt:  https://docs.google.com/spreadsheet/ccc?key=0Ajtx05YrHtIydFVHcGxLOExTbnhqajJLZmlSZUNtM3c#gid=0

It's going to work like this:

-- You are betting that I win the bet AND that matt pays me
-- If Matt pays me, your bet wins
-- I am paying 1.5-1 for this bet, i.e. if you send me 10 BTC, and we win, I will send you back 15 BTC.
-- I am offering you 1/2 the odds I have on the bet with Matt.  Obviously if you bet with Matt directly you will get 2x better odds than betting with me, but you would avoid a situation where Matt paid me and a handful of others, but left some people unpaid - you are directly betting that I paid - i.e. you are directly buying a portion of my exact bet with Matt.
-- You must send coins to me first, i.e. you must post with me to bet.   Please do not send coins until I confirm the bet.  You will have 5 hours to send the coins after I confirm. 
-- I reserve the right to cut this off at any time.

While I am 99.999+% confident that I will win the bet,  I'm not 100% sure that Matt will pay, and while I would like to believe he will, I'm taking this opportunity to minimize my risk of him not.  I plan on only selling 100-200 or so of this bet, and keeping the bulk of the exposure myself. 

IN ORDER TO PROPOSE A BET TO ME, PLEASE POST:

amount
Hash to send winnings if Matt pays me
optional comment

IT SHOULD LOOK LIKE THIS:



*** Please do not send any coins until I confirm your bet ***

If I do confirm yours, please send coins here:

15y1oNb6FT3qYMt41PEUzzJFsoQ9Ha8tXL


Thanks and GL all!