Discussion about 10,000BTC Bet (Official)

[muyuu]

Let's recap a bit from the other thread.


https://bitcointalk.org/index.php?topic=101751.msg1113276#msg1113276

If he owes 100% and only pays back 90% without agreement to investors, -that- is fraud and a failure to pay back. I would obviously lose the bet.
If he owes 100% and only pays back 90% but the investors agreed to it, -that- is the agreement and therefor he has paid it back. I would win the bet.
If he owes 100% and pays back 100%, I would win the bet.
If he owes 100% and does not pay anything anything back, I would lose the bet.


I'm trying my best to be smart about my clarifications, but if you need any more clarification, please ask and give examples so I can better explain. This is all on good faith of course, I don't want to get into legal arguments "But you said if he paid back on 12oclock and that was EST not KST" and other bullshit. This is about whether he is a scammer/ponzi or not, not about whether you can cheat the system for a cheap profit.

https://bitcointalk.org/index.php?topic=101751.msg1128484#msg1128484

Thank you everyone for showing a huge amount of integrity to bet for your beliefs instead of just arguing, defaming, accusing, aggravating, etc. Many of you truly believe Pirate is a ponzi, many of you are simply utilizing my offer for hedging, and still others are simply happy to take a 50/50 chance bet on anything. Regardless, we are at the 10,000BTC mark and thus I am locking the thread so that no more bets can be received here.

I still believe there is a very high chance that Pirate is just doing a business which we don't understand, and my sinking gut, although questioning his lack of professionalism, lateness, etc, reminds me that no one is perfect and it may all just be a series of bad coincidences. I hope I am right and that I am able to prove to the community once and for all that what we don't understand is not always a scam. If I happen to be wrong, I'm happy to have enjoyed this entertaining time with everyone, and I've actually made quite a lot of new friends (as you can imagine).

The original OP states that the bet ends 3 weeks after August 19, 2012, 04:49:20 PM, so that means it ends on September 9th, 2012, 04:49:20 PM KST (Korean Standard Time, local to me). I think I had mentioned a slightly longer deadline elsewhere on IRC out of confusion (September 12th perhaps?), but this is incorrect as you can clearly see. The bet will also end if Pirate has provided proof of paying back all (not 99.9%) of his obligated debts and interests per agreements, whichever comes first.

Good luck to everyone and thank you for participating in this monumental lesson for all of us.

(emphasis mine)

1 day, 18 hours, 39 minutes, 50 seconds from NOW.

8 hours, 14 minutes, 12 seconds

[bitlane]

I don't see this ending very well for Matthew. I told him that this bet was a 100% LOSER.

Matthew can not win unless I get paid and Pirate has made it clear to me and others, what he has planned for me.

[smoothie]

I don't see this ending very well for Matthew. I told him that this bet was a 100% LOSER.

Matthew can not win unless I get paid and Pirate has made it clear to me and others, what he has planned for me.

Yup i agree 100%. This also stays fair to the rules.

BTW what should your account be with the 7% weekly compounded interest to today?

[finkleshnorts]

He keeps saying how he will pay out "according to the rules of my thread."

Anyone see any loopholes?

[muyuu]

He keeps saying how he will pay out "according to the rules of my thread."

Anyone see any loopholes?

The obvious one: he has no real reputation to lose. Unless you count bad reputation as a reputation to keep.

He said: "I will pay or take the scammer tag." Scammer tag it is.

[DOH!]

He keeps saying how he will pay out "according to the rules of my thread."

Anyone see any loopholes?

Loopholes? In a non-escrowed bet? No, not a one...

[bitlane]

I honestly feel bad for Matthew.

I understand what he was trying to accomplish with this, but I fear that it is blowing up in his face. I commend him for trying to shut everyone up, but he ends up carrying the flag alone.

If it comes down to everyone getting paid except for me, I would have strong reservations in regards to telling the truth about me being paid, rather, out-right lying to protect Matthew.
He is putting TOO MUCH on the line for simply ideals.

I respect Matthew, but he doesn't deserve this.

[finkleshnorts]

The obvious one: he has no real reputation to lose. Unless you count bad reputation as a reputation to keep.

He said: "I will pay or take the scammer tag." Scammer tag it is.

Loopholes? In a non-escrowed bet? No, not a one...

Right, but of course I meant something in the language.

[PinkyPie]

I honestly feel bad for Matthew.

I understand what he was trying to accomplish with this, but I fear that it is blowing up in his face. I commend him for trying to shut everyone up, but he ends up carrying the flag alone.

If it comes down to everyone getting paid except for me, I would have strong reservations in regards to telling the truth about me being paid, rather, out-right lying to protect Matthew.
He is putting TOO MUCH on the line for simply ideals.

I respect Matthew, but he doesn't deserve this.

He supported and defended the largest scam in bitcoin's history.

What does he deserve?...

[smoothie]

I honestly feel bad for Matthew.

I understand what he was trying to accomplish with this, but I fear that it is blowing up in his face. I commend him for trying to shut everyone up, but he ends up carrying the flag alone.

If it comes down to everyone getting paid except for me, I would have strong reservations in regards to telling the truth about me being paid, rather, out-right lying to protect Matthew.
He is putting TOO MUCH on the line for simply ideals.

I respect Matthew, but he doesn't deserve this.

No one made him do it. He chose to.

Plus by your own admission you just said you would lie to help Matthew win the bet if everyone else got paid out.

Not a good thing by my book and the rules of the bet that is in place. Not very honorable.

As I said, Matthew chose to make this bet. No one forced him.

[bitlane]

He supported and defended the largest scam in bitcoin's history.

What does he deserve?...

He NEVER supported anything other than telling people to PUT UP or SHUT UP.

[bitlane]

No one made him do it. He chose to.

Plus by your own admission you just said you would lie to help Matthew win the bet if everyone else got paid out.

Not a good thing by my book and the rules of the bet that is in place. Not very honorable.

As I said, Matthew chose to make this bet. No one forced him.

At this point, if people think of me not in an honorable light, then so be it. THAT is par for the course around here. Flip/Flop.
I know what I know and have nothing left to prove to anyone.

Matthew underestimated Pirate's disdain for me.

[smoothie]

He supported and defended the largest scam in bitcoin's history.

What does he deserve?...

He NEVER supported anything other than telling people to PUT UP or SHUT UP.

This is true. In his words and yours he said he would put up (i.e. honoring the bet).

[PinkyPie]

He supported and defended the largest scam in bitcoin's history.

What does he deserve?...

He NEVER supported anything other than telling people to PUT UP or SHUT UP.

Looked like he supported the hell out of it on IRC.

Gobbling that Pirate peg...leg...

[bg002h]

I honestly feel bad for Matthew.

I understand what he was trying to accomplish with this, but I fear that it is blowing up in his face. I commend him for trying to shut everyone up, but he ends up carrying the flag alone.

If it comes down to everyone getting paid except for me, I would have strong reservations in regards to telling the truth about me being paid, rather, out-right lying to protect Matthew.
He is putting TOO MUCH on the line for simply ideals.

I respect Matthew, but he doesn't deserve this.

I wouldn't worry. I doubt anyone is getting paid...except maybe those with the best chance of prosecuting pirate.

[smoothie]

He supported and defended the largest scam in bitcoin's history.

What does he deserve?...

He NEVER supported anything other than telling people to PUT UP or SHUT UP.

Looked like he supported the hell out of it on IRC.

Gobbling that Pirate peg...leg...

I dont see the point in trolling Matthew by saying things that are irrelevant to the situation at hand. 7 more hours...just chill.

[bitlane]

Well, so be it.

I for one would LOVE to see everyone's bet money, waiting to pay Matthew.
I would also LOVE to see who has WHAT at stake, out of everyone commenting here.

Most of the people that took the bet with Matthew couldn't pay on the spot, even if they wanted to.

Most of the outspoken people, on the Pirate situation, don't even have an iron in the Pirate Fire......

PATHETIC.

[bitlane]

If Matthew loses his bet, he needs to MAKE PEOPLE PROVE THAT THEY HAVE BITCOINS, IN THE AMOUNT OF THEIR BET....otherwise, the bet for THAT person should be VOID.

[smoothie]

Well, so be it.

I for one would LOVE to see everyone's bet money, waiting to pay Matthew.
I would also LOVE to see who has WHAT at stake, out of everyone commenting here.

Most of the people that took the bet with Matthew couldn't pay on the spot, even if they wanted to.

Most of the outspoken people, on the Pirate situation, don't even have an iron in the Pirate Fire......

PATHETIC.

Go read the terms. No where does the terms of the bet say anything about proving you have the money. Even Matthew hasn't proved it. Proving has nothing to do with the outcome of the bet and who will win.

[Matthew N. Wright]

I love the part where people are arguing about why something happened that hasn't happened. Keep the comedy coming! (It's 15 hours left on the bet btw, not 8. This is how lazy the fudding has gotten lately. I am disappoint.)