I'm offering 100% ROI to anyone who thinks I don't have 10,000BTC to pay out.

[Fluttershy]

So this is how you're going to finance your bet.

[michaelmclees]

Less talk, more action. Who here thinks I can't prove I have the funds? Free money!

I really don't give a shit if you have the money or not, you just run your mouth endlessly. 

Well actually Matthew is backing up his words with action - with money.

He hasn't proved that he has it.  He's backed up his bet with no action whatsoever, other than proclaiming that he'll prove his ability to pay "when the time is right" and he hasn't proven his willingness to pay by going through an escrow.  His end of the bet strains credulity; the individual ends betting 10 or 20 BTC at a time don't.  Or am I missing something?

[MrTeal]

Hmm. Betception.

[conspirosphere.tk]

Hmm. Betception.

or Bit-con / Bet-con?

[unclescrooge]

Oh lawd. 20 000 btc.

* unclescrooge pass out

[Luceo]

Let the games begin!

Here we go!

Code:

750BTC
1usagi8WQJvnCoyV21XSZyUHhC6MzfksW
Hedge against pirate default

Was this supposed to be in this thread or the pirate bet thread?

[makomk]

That doesn't really prove it's your address. You can in theory just pick an address with 10k in it.

More subtly, if he does receive 1000 BTC in bets he can just offer 500 BTC of that to someone that does actually have 10k BTC in exchange for them helping him to pretend that the 10k BTC is his. Additionally, if he doesn't have the 10k BTC then he's going to get marked as a scammer anyway for failing to pay out that bet and has no incentive to pay out a single satoshi of the bets as to whether he has 10k BTC. It would be incredibly foolish for anyone to take Matthew up on this bet.

[Ente]

If Matthew used a bet-chain where the lowest bet covered the next lowest bet in the chain as follows:

1000
2000
4000
8000
16000
32000
64000
128000

then by proving he had 1000 btc he would eventually be able win all bets (assuming all bettors paid up). He could start even lower if he didn't have 1000 btc.

I think these bets are a blatant attempt to use logic to earn money, something which rarely happens outside of sci fi movies and should not be condoned.

Greatest. Post. In a long time!
You show the beauty in math and statistics, thank you for that!

Ente

[dayfall]

How about just proving you weren't going to collect on the previous bet if you had won!  I don't care if you have the money or not.  The only lesson I learned is that Pirate wasn't the only scammer, and your words are worthless.  This is the only proof I want.  And no I am not paying for it.  (The meaning of "this" will be determined by myself at a later date.)

How do you even think that your "joke" would teach people to not point out scams, or to not harass people?  Oh. You scam them!  Brilliant!  "Haha, I scammed you.  Now don't you see that you shouldn't have said that pirateat40 wouldn't pay his debts?" 

No sir, I didn't.  I should have listened to people that said you wouldn't pay.

[legolouman]

If Matthew used a bet-chain where the lowest bet covered the next lowest bet in the chain as follows:

1000
2000
4000
8000
16000
32000
64000
128000

then by proving he had 1000 btc he would eventually be able win all bets (assuming all bettors paid up). He could start even lower if he didn't have 1000 btc.

I think these bets are a blatant attempt to use logic to earn money, something which rarely happens outside of sci fi movies and should not be condoned.

Greatest. Post. In a long time!
You show the beauty in math and statistics, thank you for that!

Ente

Of course all the action is in here, where everyone screams "SCAMMER, I'M NOT SENDING YOU MONEY"

[phillipsjk]

Code:

0BTC
13dSK4663Ts7j2PwHS1eUVjycKLBwx7PJM
I don't actually have any BTC yet :P (I also don't control that address).

Did I win?

[dayfall]

3. You're all loud mouthed conspiracy theorists who refuse to learn your lesson on the first bet, so it will take additional bets to sufficiently make you start thinking before you talk.

But your bet doesn't state what happens to the looser.  What does the "20 BTC" mean?  What is that sequence of numbers?  Is the string "optional comment" part of the format?  Also it doesn't state how you loose.

Also when will you make good on your previous bet?

[DOH!]

That's right! There are now literally hundreds of people who have missed the entire point of the Pirate bet (Don't accuse people. harass them, and pretend you know what you're talking about) and have now begun to harass me, thinking I don't have 10,000BTC and that I'm -only- risking my forum account. That's just ignorant.


So it seems I have to impose another FUD tax on the community. I will prove I have over 10,000BTC freely available to me. If you do not believe this will happen, place your bets here in the following format:

Code:

20BTC
13dSK4663Ts7j2PwHS1eUVjycKLBwx7PJM
Optional comment

I will be accepting up to 1,000BTC in bets. When the 1,000BTC is reached, I will prove that I have over 10,000BTC to my person and you will lose the bet. If I cannot, then the entire community would know if I was going to scam them on the Pirate bet ahead of time.

Let the games begin!

P.S. Don't even think I have 1,000BTC? You should be here instead: https://bitcointalk.org/index.php?topic=103063

Awesome Matthew to the rescue! God Damn this kid is the shit!