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Author Topic: I'm giving 100% ROI away to anyone who thinks pirate is a fraud  (Read 102541 times)
Matthew N. Wright
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August 19, 2012, 03:49:20 PM
 #1

This was a horrible childish prank that made me look bad and I have no excuse, just that I won't do anything like this again.

I have settled with mostly everyone who bet in this troll thread and it sucks having this be one of the things I'm remembered for, but I won't let it happen again. https://bitcointalk.org/index.php?topic=140654




Don't think pirate will payout as promised?
If you truly believe that Pirate is a scam/ponzi, then this is a no-brainer easy money for you.

Post in this thread how much you're committing and I will double that amount you commit (maximum of 10,000BTC in bets allowed in this thread total) if Pirate does not pay out in 3 weeks as he described in his thread.

To make your bets easier to read, please stick to the following format:
Code:
20BTC
13dSK4663Ts7j2PwHS1eUVjycKLBwx7PJM
Optional comment

The above post would be betting 20BTC that he in fact is not going to payout as described. If I lose the bet, you get 20BTC sent to that address. If you lose, you'll need to send 20BTC to my address.

Anyone (including myself) who renigs on their bets will be labeled a scammer on the forums. Theymos will retain the IP addresses of everyone who has committed here and as you are marked a scammer for not paying, you will also be reported to the bitcoin police and tracked. For this reason, it is important that you do not bet more than you can afford to lose. Considering the high probability of fraud from newbie sockpuppets, only established 250+ post users will be allowed to participate, unless they participate through an escrow who will hold their coins. This is up to them to find the escrow although many posters in this thread have agreed to act as such.

The minimum commitment is 0.1BTC. The maximum default bet for normal users is currently 1000BTC per person. If you would like to wager more, please PM so that I may do a more extensive verification of identity and holdings. Thanks.

Disclaimer: Although I think pirate is a high risk venture due to a complete lack of transparency on his part, I am sorely reminded that the forum needs to be taught a lesson when it comes to crying wolf on things without evidence. It's getting sickening. "SCAM! SCAM! SCAM!". So put your money where your mouth and bet for a better bitcoin forum/community overall.


For the record, the address to remit your funds to if you indeed lose is 13dSK4663Ts7j2PwHS1eUVjycKLBwx7PJM

Thank you and good luck!

I reserve the right to lock this thread and stop accepting additional bets at any time. All existing bets in the thread will still be honored regardless.
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Vicente
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August 19, 2012, 03:57:45 PM
 #2

hehe
I will bet 1BTC

1BTC
15biX1PuYGUnN9XwcuDJkDLbhAHVaasjnp
I win
evoorhees
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August 19, 2012, 04:00:44 PM
 #3

Damn, son. I like when people use bets to show their conviction to an opinion. That's how men settle things, in my opinion Smiley
sadpandatech
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August 19, 2012, 04:04:43 PM
 #4

Damn, son. I like when people use bets to show their conviction to an opinion. That's how men settle things, in my opinion Smiley
hell yea!

@OP How is it that you are doubling if on a 20BTC bet you only will be sending 20BTC when you lose?

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
drakahn
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August 19, 2012, 04:06:21 PM
 #5

Damn, son. I like when people use bets to show their conviction to an opinion. That's how men settle things, in my opinion Smiley
hell yea!

@OP How is it that you are doubling if on a 20BTC bet you only will be sending 20BTC when you lose?


... because 20 + 20 is 40? ...

14ga8dJ6NGpiwQkNTXg7KzwozasfaXNfEU
Matthew N. Wright
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August 19, 2012, 04:06:41 PM
 #6

Damn, son. I like when people use bets to show their conviction to an opinion. That's how men settle things, in my opinion Smiley
hell yea!

@OP How is it that you are doubling if on a 20BTC bet you only will be sending 20BTC when you lose?


Because I'm not holding the moneys. These posts are for commitments to pay only. As in, you could say you're going to pay 20BTC, so if you win, why would I send you 40BTC?

Also, would someone please quote the OP so that it can't be said that I changed it later?

drakahn
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August 19, 2012, 04:08:43 PM
 #7

Don't think pirate will payout as promised?
If you truly believe that Pirate is a scam/ponzi, then this is a no-brainer easy money for you.

Post in this thread how much you're committing and I will double that amount you commit (maximum of 10,000BTC in bets allowed in this thread total) if Pirate does not pay out in 3 weeks as he described in his thread.

To make your bets easier to read, please stick to the following format:
Code:
20BTC
13dSK4663Ts7j2PwHS1eUVjycKLBwx7PJM
Optional comment

The above post would be betting 20BTC that he in fact is not going to payout as described. If I lose the bet, you get 20BTC sent to that address. If you lose, you'll need to send 20BTC to my address.

Anyone (including myself) who renigs on their bets will be labeled a scammer on the forums. Theymos will retain the IP addresses of everyone who has committed here and as you are marked a scammer for not paying, you will also be reported to the bitcoin police and tracked. For this reason, it is important that you do not bet more than you can afford to lose. Considering the high probability of fraud from newbie sockpuppets, only established 100+ post users will be allowed to participate.

The minimum commitment is 0.1BTC. The maximum is 100BTC per person.

Disclaimer: Although I think pirate is a high risk venture due to a complete lack of transparency on his part, I am sorely reminded that the forum needs to be taught a lesson when it comes to crying wolf on things without evidence. It's getting sickening. "SCAM! SCAM! SCAM!". So put your money where your mouth and bet for a better bitcoin forum/community overall.


For the record, the address to remit your funds to if you indeed lose is 13dSK4663Ts7j2PwHS1eUVjycKLBwx7PJM

Thank you and good luck!

I reserve the right to lock this thread and stop accepting additional bets at any time. All existing bets in the thread will still be honored regardless.

it can't be said

14ga8dJ6NGpiwQkNTXg7KzwozasfaXNfEU
zaj
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August 19, 2012, 04:17:07 PM
 #8

Doesn’t that go directly against what your home girl Vladimir believes about Pirate? I thought you guys were usually joined at the hip on this kind of shit? He has been one of the biggest ones “crying scam.”

What do you care anyway if it’s a ponzi, are you locked up in it somehow?


or he just wants easy money? Cheesy
if hes sure he's gonna win his bet why not.
drakahn
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August 19, 2012, 04:18:23 PM
 #9


9500 BTC
14ZZegL3SWnwvZ52bsxTvjkcsTdW5ZVyEQ


Quote from: Otomakan Ishotas

specialty: misdirection, desinformation, anonymity

You will not find me.


seems legit

14ga8dJ6NGpiwQkNTXg7KzwozasfaXNfEU
Serith
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August 19, 2012, 04:19:28 PM
 #10

You have to use escrow for bets if you are serious, otherwise there is no way to enforce debt collection in case either party lose.
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August 19, 2012, 04:20:02 PM
 #11


Post in this thread how much you're committing and I will double that amount you commit (maximum of 10,000BTC in bets allowed in this thread total) if Pirate does not pay out in 3 weeks as he described in his thread.


You need to make an important clarification:

Who wins In the event that 10%, 50% or 90% of the full amount owed by BS&T is refunded?

Matthew N. Wright
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August 19, 2012, 04:20:18 PM
 #12

@Otomakan Ishotas: Please read the OP. You're not an established member.

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August 19, 2012, 04:22:35 PM
 #13

So, if pirate does pay out, Matthew gets his investment back and can pay out some of it for these bets.  If pirate doesn't pay out, then Matthew covers some of money he lost to pirate.  Nice hedging strategy.  Wink

(gasteve on IRC) Does your website accept cash? https://bitpay.com
ThomasV
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August 19, 2012, 04:24:20 PM
 #14

the title of this thread is misleading.
if you bet and win, your gain is 100%, not 200%

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drakahn
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August 19, 2012, 04:25:00 PM
 #15

the title of this thread is misleading.
if you bet and win, your gain is 100%, not 200%


but you have 200% of what you started on...

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IveBeenBit
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August 19, 2012, 04:27:50 PM
 #16

Thanks for doing this. I'll be eagerly watching this thread to see how commited the anti-pirate blowhards are.
Scott J
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August 19, 2012, 04:29:51 PM
 #17

@Otomakan Ishotas: Please read the OP. You're not an established member.
bet void
What is your current opinion on the likely hood of a pirate payout?
IveBeenBit
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August 19, 2012, 04:30:36 PM
 #18

So, if pirate does pay out, Matthew gets his investment back and can pay out some of it for these bets.  If pirate doesn't pay out, then Matthew covers some of money he lost to pirate.  Nice hedging strategy.  Wink

No- Matthew pays if Pirate stiffs anyone. He is not hedging a Pirate default; he is doubling down on Pirate.
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August 19, 2012, 04:31:45 PM
 #19

@Otomakan Ishotas: Please read the OP. You're not an established member.
bet void
What is your current opinion on the likely hood of a pirate payout?

Unchanged, I still think chances of it being a poinzi are extremely high. Worried about Matthew being reckless here. Really worried.


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Matthew N. Wright
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August 19, 2012, 04:32:17 PM
 #20

Doesn’t that go directly against what your home girl Vladimir believes about Pirate?
We are a very diverse team, many things we do not agree on. One thing we agree on is absolute transparency in businesses. We also agree that if you're anonymous, you're not worth even talking to. None of our contributors are allowed to be anonymous either (unless they're wikileaking things). I do not support the anonymous movement. However, Vladimir and many others like to use the "If it walks like a duck" line. I walk like a duck. Quack. I'm definitely not a duck though, so I have sympathy for trade secrets, idiots and unprofessionals and don't like to assume the worst. In my posts I often "draw out" people's true intentions by pretending to believe they are scammers, but once I realize they're legitimate, I apologize and begin to help them work towards a better image to avoid guys like me bothering them in the future. In pirate's case, he's not anonymous. Hardly. He's just not transparent. Is he a mafia kingpin? Maybe. If he is, would that mean he doesn't make money? The argument should never have been "is he a ponzi?", it should have been "Do we want morals involved in Bitcoin?" (SilkRoad? Assassinations? Give me a break.)

I thought you guys were usually joined at the hip on this kind of shit? He has been one of the biggest ones “crying scam.”
I respect Vladimir greatly for his security advice. He is spot on when it comes to the risk level of Pirate. I believe that is where the advice should stop however. When it comes to asserting opinions as absolutes, you lose my attention.

What do you care anyway if it’s a ponzi, are you locked up in it somehow?
I am not locked up in anything, I have never participated in Pirate or any ponzi. If you look at my previous posts, I was one of the loudest mouths when it came to trying to get ponzis kicked off the forums. In fact, that's how I met JRO in the first place. I thanked him like this in PM out of the blue (paraphrased from memory):

"Dear Jonathan,

I fucking hate ponzis and I think they're ruining bitcoin and by extension, I hate you too for running bitcoinduit. That said, I have to give you credit and thanks for giving them a place to go so that we can have a cleaner forum. Cheers"


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