I'm giving 100% ROI away to anyone who thinks pirate is a fraud

[ribuck]

100BTC
18pChH7Mf8DjP5Vxxva8R4UxRT22eMZd2j
Reckless? Matthew?

BTW, Ribuck, are you coming to London in September? I just hope that one of you will pay the winner 100 BTC there and I'll get myself a free dinner or beer by virtue of being close by.

Vladimir, I would be delighted to buy you a dinner or beer*, however I don't think I can get to London for the conference. Any other weekend I would be there, but I have a guest visiting that weekend.

*provided the restaurant or bar accepts bitcoins

[1714113723]

1714113723

[1714113723]

1714113723

[Vladimir]

Well... on 18th there will be a BBQ in Sheffield and the Chief will accept BTC tips.

[Scott J]

I'll proxy bets for 10%

9% 

[Vladimir]

I'll proxy bets for 10%

9% 

8%

[Gaff]

Considering the high probability of fraud from newbie sockpuppets, only established 100+ post users will be allowed to participate.

Fair enough. Would you be willing to accept bets from newbies if we pay our stake upfront. In the event of default you return double?

No risk to yourself, and everyone can check in the blockchain to show that you made good on every lost bet.

[Matthew N. Wright]

Considering the high probability of fraud from newbie sockpuppets, only established 100+ post users will be allowed to participate.

Fair enough. Would you be willing to accept bets from newbies if we pay our stake upfront. In the event of default you return double?

No risk to yourself, and everyone can check in the blockchain to show that you made good on every lost bet.

Yes, but only if you go through someone else, because I cannot change the rules mid-game like this or I'd never hear the end of it. I should have thought of a better method in the beginning. My bad.

[Scott J]

Considering the high probability of fraud from newbie sockpuppets, only established 100+ post users will be allowed to participate.

Fair enough. Would you be willing to accept bets from newbies if we pay our stake upfront. In the event of default you return double?

No risk to yourself, and everyone can check in the blockchain to show that you made good on every lost bet.

I'll do this free of charge if you like - send me the BTC and I'll send it straight to Matthew.

[AndrewBUD]

Okay I think I am retarded, I bet 1 BTC..... If pirate@40 doesn't pay out everyone by whatever date.... then I get 200% more BTC?

[Scott J]

Okay I think I am retarded, I bet 1 BTC..... If pirate@40 doesn't pay out everyone by whatever date.... then I get 200% more BTC?

You get 1 BTC from Matthew in that case.

The title confused me too; I'm used to fraction odds!

[Isokivi]

At this point (imo) paying out does not make this enterprize anything short of a ponzi. Prove me wrong, please.

[Matthew N. Wright]

Okay I think I am retarded, I bet 1 BTC..... If pirate@40 doesn't pay out everyone by whatever date.... then I get 200% more BTC?

You get 1 BTC from Matthew in that case.

The title confused me too; I'm used to fraction odds!

Sorry, I'm really not used to this. What should the title be?

[drakahn]

At this point (imo) paying out does not make this enterprize anything short of a ponzi. Prove me wrong, please.

err, what?
In a ponzi "payout" is impossible
If you mean because he is using the funds FOR WHAT HE BORROWED THEM FOR... no, no that is not a ponzi

[drakahn]

Okay I think I am retarded, I bet 1 BTC..... If pirate@40 doesn't pay out everyone by whatever date.... then I get 200% more BTC?

You get 1 BTC from Matthew in that case.

The title confused me too; I'm used to fraction odds!

Sorry, I'm really not used to this. What should the title be?

200% is right, but they are not taking into account that they are holding half of that 200% instead of paying it for the bet before hand.

[Scott J]

At this point (imo) paying out does not make this enterprize anything short of a ponzi. Prove me wrong, please.

If he's been operating a ponzi for 8 months and paying out interest from the deposits, where would he make up the short fall from in order to return the funds?

[wachtwoord]

Okay I think I am retarded, I bet 1 BTC..... If pirate@40 doesn't pay out everyone by whatever date.... then I get 200% more BTC?

You get 1 BTC from Matthew in that case.

The title confused me too; I'm used to fraction odds!

Sorry, I'm really not used to this. What should the title be?

If you are betting twice as much as the other party 1:2 odds (that is waht you are doing right? if someone bets 1 BTC you pay 2 BTC if you lose, otherwise the title is really confusing)

[Matthew N. Wright]

At this point (imo) paying out does not make this enterprize anything short of a ponzi. Prove me wrong, please.

Under normal circumstances, that would be true, however given the large amount of money we're talking about that he has collected, it would be quite impossible for him to pay out his rates and still be considered a ponzi. Anyway, this is not a discussion thread for more people to share "opinions". There are plenty of those elsewhere. This is a thread for wolf cryers to pay the tax for spamming their baseless accusations, and Pirate is still the only one who can prove you wrong.

On that note, if you're positive he is a ponzi, you'd be silly not to make some easy money off of me by betting. If you're neutral on it, good for you. That's where you should be.

[AndrewBUD]

Title should read: "100% Bet Payout if Pirate Fails" or something... 200% does not compute


edit: I am more neutral, but why not get in on some of the fun around here?

[drakahn]

Okay I think I am retarded, I bet 1 BTC..... If pirate@40 doesn't pay out everyone by whatever date.... then I get 200% more BTC?

You get 1 BTC from Matthew in that case.

The title confused me too; I'm used to fraction odds!

Sorry, I'm really not used to this. What should the title be?

If you are betting twice as much as the other party 1:2 odds (that is waht you are doing right? if someone bets 1 BTC you pay 2 BTC if you lose, otherwise the title is really confusing)

No, because he is not collecting the bets, if someone bets 1btc and wins, he sends 1btc, that person now has 2btc, 200%)

[paraipan]

I'll proxy bets for 10%

9% 

8%

Proxying bets for 5%, free market guys

[Matthew N. Wright]

Title changed to: "I'm giving 100%(x2) away to anyone who thinks pirate is a fraud".

I think that explains enough for both sides.