Discussion about 10,000BTC Bet (Official)

[el_rlee]

I'm not leaving anywhere

so there are two other options:

1) You pay out in full
2) You win the bet (Pirate pays everybody)

3) I lose the bet and stick around just because I'm a boss
4) I win the bet and give the money back because I'm a boss
5) Pirate is in my basement

If you are still in a betting mood my money is on 3. I want some escrow though...

Not a safe bet. He might get banned for this.

seams the main risk factor...

[Bimmerhead]

Matthew, why don't you prove to us you have 80k+ BTC?

Atlas, why don't you prove to us you're not Atlas?

Edit: I'll make a deal with you Atlas, if you admit that you're Atlas I'll show you I have 8.0000 bitcoins

Now this is curious.  It seems this whole "10000 btc bet" thing is motivated by a desire to teach everyone a lesson that they shouldn't pre-judge anonymous "businessmen" on an Internet forum who offer astronomical roi, and yet here we have Matthew judging BC Systems that he is Atlas - not a benign allegation.

And since MNW is challenging BC Systems to admit he is Atlas, it seems reasonable to assume MNW does not have conclusive evidence that BC Systems is Atlas, otherwise he would simply proffer it.

Am I missing something?

[Matthew N. Wright]

Matthew, why don't you prove to us you have 80k+ BTC?

Atlas, why don't you prove to us you're not Atlas?

Edit: I'll make a deal with you Atlas, if you admit that you're Atlas I'll show you I have 8.0000 bitcoins

Now this is curious.  It seems this whole "10000 btc bet" thing is motivated by a desire to teach everyone a lesson that they shouldn't pre-judge anonymous "businessmen" on an Internet forum who offer astronomical roi, and yet here we have Matthew judging BC Systems that he is Atlas - not a benign allegation.

And since MNW is challenging BC Systems to admit he is Atlas, it seems reasonable to assume MNW does not have conclusive evidence that BC Systems is Atlas, otherwise he would simply proffer it.

Am I missing something?

Hehe. What you're missing is that we already know it's Atlas. If you knew about his documented mental conditions, you'd know this is about him admitting to himself for his own benefit.

[BC Systems]

http://29.media.tumblr.com/tumblr_lxjm4n4umw1rn1xxfo1_400.gif

[Bitcoin Oz]

Matthew, why don't you prove to us you have 80k+ BTC?

Atlas, why don't you prove to us you're not Atlas?

Edit: I'll make a deal with you Atlas, if you admit that you're Atlas I'll show you I have 8.0000 bitcoins

Now this is curious.  It seems this whole "10000 btc bet" thing is motivated by a desire to teach everyone a lesson that they shouldn't pre-judge anonymous "businessmen" on an Internet forum who offer astronomical roi, and yet here we have Matthew judging BC Systems that he is Atlas - not a benign allegation.

And since MNW is challenging BC Systems to admit he is Atlas, it seems reasonable to assume MNW does not have conclusive evidence that BC Systems is Atlas, otherwise he would simply proffer it.

Am I missing something?

Hehe. What you're missing is that we already know it's Atlas. If you knew about his documented mental conditions, you'd know this is about him admitting to himself for his own benefit.

Calling everything Atlas is like calling everything a ponzi  

[LoupGaroux]

With annoying accuracy, both prove to be accurate accusations.

[Bimmerhead]

Matthew, why don't you prove to us you have 80k+ BTC?

Atlas, why don't you prove to us you're not Atlas?

Edit: I'll make a deal with you Atlas, if you admit that you're Atlas I'll show you I have 8.0000 bitcoins

Now this is curious.  It seems this whole "10000 btc bet" thing is motivated by a desire to teach everyone a lesson that they shouldn't pre-judge anonymous "businessmen" on an Internet forum who offer astronomical roi, and yet here we have Matthew judging BC Systems that he is Atlas - not a benign allegation.

And since MNW is challenging BC Systems to admit he is Atlas, it seems reasonable to assume MNW does not have conclusive evidence that BC Systems is Atlas, otherwise he would simply proffer it.

Am I missing something?

Hehe. What you're missing is that we already know it's Atlas. If you knew about his documented mental conditions, you'd know this is about him admitting to himself for his own benefit.

So just to be clear, you know beyond 99.9999% certainty (the standard you agreed with on the donk podcast) that BC Systems is Atlas.  'Cause what you're saying to the community with your bet is even though there is a 99.9999% probability that pirate is a scammer, we still shouldn't pass judgement.  

You see when you condemn someone for judging, you yourself are judging.  So you really want to make sure you've got all your ducks in a row.

[Philj]

Even the slightest hint of a collusion with pirate, and no one will pay, its an unfair bet.

I think Matt may have had every intention of paying at first, but it grew out of hand, and now hes just going to see how high the community will push it...hell end up taking his scammer tags and say it was a lesson to teach us all about being greedy and how easy it is to be scammed. The irony being that no one got scammed, b/c very few expect him to pay.

I could be way off base, but that's what I think is happening here.

I will pay my bet even if there is 100% proof that Matthew is pirate.

And if I lose I'll be paying it on the 9th.

When I bet my money I fully expected him to pay and not paying bets is a scam whether the other person expected it or not.

+1, Couldn't agree more. If I lose based on the rules of my thread, I will pay out exactly as outlined in my thread. No ifs, ands or buts about it!

I guess everyone else doesn't realize that this isn't actually the bet thread that ended at 10,000 BTC. This is only a discussion about the bet where people such as Mat accept or reject other peoples arguments and opinions. Accepting these opinions in no way changes the original bet thread of 10,000 BTC.

[CoinCidental]

Even the slightest hint of a collusion with pirate, and no one will pay, its an unfair bet.

I think Matt may have had every intention of paying at first, but it grew out of hand, and now hes just going to see how high the community will push it...hell end up taking his scammer tags and say it was a lesson to teach us all about being greedy and how easy it is to be scammed. The irony being that no one got scammed, b/c very few expect him to pay.

I could be way off base, but that's what I think is happening here.

I will pay my bet even if there is 100% proof that Matthew is pirate.

And if I lose I'll be paying it on the 9th.

When I bet my money I fully expected him to pay and not paying bets is a scam whether the other person expected it or not.

+1, Couldn't agree more. If I lose based on the rules of my thread, I will pay out exactly as outlined in my thread. No ifs, ands or buts about it!

I guess everyone else doesn't realize that this isn't actually the bet thread that ended at 10,000 BTC. This is only a discussion about the bet where people such as Mat accept or reject other peoples arguments and opinions. Accepting these opinions in no way changes the original bet thread of 10,000 BTC.

yes but the "official " bet spreadsheet has been updated with bets in excess of innitial  10k btc and matthew has accepted them
i thought i knew what was happening but now im not so sure they have been able to do it enough to make it successful ....

[crosby]

is there a last chance to raise my amount to 1000.420 BTC ?

[Chang Hum]

I leave this thread for one day and look what it's turned into! 

[ineededausername]

Code:

[quote author=Matthew N. Wright link=topic=102918.msg1170230#msg1170230 date=1347096807]
[quote author=BC Systems link=topic=102918.msg1170226#msg1170226 date=1347096719]
Matthew, why don't you prove to us you have 80k+ BTC?
[/quote]

Atlas, why don't you prove to us you're not Atlas?

Edit: I'll make a deal with you Atlas, if you admit that you're Atlas I'll show you I have 8[size=1pt].[/size]0000 bitcoins
[/quote]

[Bimmerhead]

Code:

[quote author=Matthew N. Wright link=topic=102918.msg1170230#msg1170230 date=1347096807]
[quote author=BC Systems link=topic=102918.msg1170226#msg1170226 date=1347096719]
Matthew, why don't you prove to us you have 80k+ BTC?
[/quote]

Atlas, why don't you prove to us you're not Atlas?

Edit: I'll make a deal with you Atlas, if you admit that you're Atlas I'll show you I have 8[size=1pt].[/size]0000 bitcoins
[/quote]

Hummmm, is this kind of format trickery in place in the original wording of the bet, wherever that is now?

[keystroke]

So what is the word on the bet? It ends tomorrow, right?

[Matthew N. Wright]

is there a last chance to raise my amount to 1000.420 BTC ?

Done.

[Matthew N. Wright]

Oh the irony of the keyboard warriors waiting 2 weeks and 6 days to research their bets hot off the heels of barking at others for investing in pirate. 

[BadBear]

Hummmm, is this kind of format trickery in place in the original wording of the bet, wherever that is now?

No formatting besides code and bold, and nothing hidden in them. You can quote this post and look through it yourself.

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.

Pirate's post he's referring to.

After much consideration, I’ve decided to close down Bitcoin Savings & Trust.  

Why?
The decision was based on the general size and overall time required to manage the transactions.  As the fund grew there were larger and larger coin movements which put strain on my reserve accounts and ultimately caused delays on withdraws and the inability to fund orders within my system.  On the 14th I made a final attempt to relieve pressure off the system by reducing the rates I offered for deposits.  In a perfect world this would allow me to hold more coins in reserve outside the system, but instead it only exponentially increased the amount of withdrawals overnight causing mass panic from many of my lenders.

So now what?
I’ve spoken with my clients over the last week and come to an agreement that would allow me to close down my operation within a week.  Currently my reserve (operating wallets) are drained from fulfilling the withdraw spree that happened after the rate drop announcement.  All withdraws at this point will be delayed until Monday when the shutdown process begins..  

At this point I will no longer accept deposits.  Any coins sent into the system as of now will be returned immediately.

When will I get my coins?
Starting Monday I’ll begin systematically closing and withdrawing accounts as coins are transferred.  I don't expect the entire process to last longer than a week. The moment your account is closed you’ll receive your coins plus any interest accrued up to the hour it was sent.

Thanks
I’d like to thank all of my lenders and PPT operators that were a key element in making Bitcoin Savings & Trust a success.  Bitcoin has grown a lot since I started this and want you to know that you were a vital part in helping it grow.

Now, I have a lot of work to do. Stay Tuned

-pirate

BTW, this is all bitlane’s fault.  (j/k you nut)

[LoupGaroux]

Planning to teach the community a good lesson about integrity and honoring your obligations by covering the pirate losses invested with you?

[bitcoinBull]

Even the slightest hint of a collusion with pirate, and no one will pay, its an unfair bet.

I think Matt may have had every intention of paying at first, but it grew out of hand, and now hes just going to see how high the community will push it...hell end up taking his scammer tags and say it was a lesson to teach us all about being greedy and how easy it is to be scammed. The irony being that no one got scammed, b/c very few expect him to pay.

I could be way off base, but that's what I think is happening here.

I think this too.

This is about as low as one can go, even pirate had better ethics. MNW openly stated he expected pirate to pay, and if pirate had paid, of course he would expect that bettors pay up to "teach them a lesson" about "calling scam without evidence", as he was clearly expecting. A hypocrite of the highest order.

As far as I'm concerned, MNW used his stature (as bitcoin magazine director and forum staff) in a pathetic attempt to scam a payday of his own on pirate's coat-tails.

[sgravina]

I wasn't able to make this bet so I'm not learning the valuable lesson it provides.  Matt, couldn't you just tell us the valuable lesson without having to risk any more bit coins.  Because frankly I invest a small sum in PPTs and the lesson I got from that is to stop gambling.  Is your that your lesson?  Or is your lesson that you have more bitcoins to throw away than is humanly possible.  I wish I could know.