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Author Topic: Accepting Pirate bets  (Read 4633 times)
c0in$ (OP)
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August 29, 2012, 03:23:02 AM
Last edit: August 31, 2012, 08:37:02 AM by c0in$
 #1

Hey folks,

Think pirate is a scam?

I am accepting Escrowed bets on Pirate's debt repayment by Sep 10, 2012.  Bets will be USD denominated and occur with Gox USD through trustworthy escrow.  Given that Pirate debt is trading between 10-20% right now I will accept reasonable odds, in the neighborhood of 1:3.5 (I would wager 100 against your 350).  Contact me if you are interested.

Edit: Odds Updated
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August 29, 2012, 03:23:40 AM
 #2

https://bitcointalk.org/index.php?topic=104221
Too late. Tongue

c0in$ (OP)
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August 29, 2012, 05:00:40 AM
Last edit: August 30, 2012, 08:48:04 PM by c0in$
 #3

Given the turn of events (Pirate anouncing default),

I WILL STILL BE ACCEPTING ESCROWED BETS

but the odds will now be set just above TYGRRR debt


THINK PIRATE WILL NOT REPAY HIS DEBTS by September 10th?  Put your money where your mouth is.  Contact me.  ALL BETS MUST BE ESCROWED BY A TRUSTWORTHY MEMBER
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August 29, 2012, 05:32:36 AM
 #4

For full repayment? You really have not thought this through
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August 29, 2012, 05:35:34 AM
 #5

Given the turn of events (Pirate anouncing default),

I WILL STILL BE ACCEPTING ESCROWED BETS

but the odds will now be set just above TYGRRR debt at 5:1 odds.


THINK PIRATE WILL NOT REPAY HIS DEBTS by September 9th?  Put your money where your mouth is.  Contact me.  ALL BETS WILL BE ESCROWED BY A TRUSTWORTHY MEMBER

I love these 12 post new members popping up to take bets on already defaulted debt.   

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August 29, 2012, 05:59:13 AM
 #6

OP, your bet is un-winnable.

Trendon has made it clear to me, that he plans to fuck me over and pay late/last and 'short'.......

Save yourself the headache and hassle.

c0in$ (OP)
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August 29, 2012, 07:48:16 AM
 #7

The bet will be Full repayment up until the time of BS&T announced shutdown.  Thus interest after that point which pirate has already anounced default on will be ignored (this weeks interest).

The spirit of the bet is such that pirate will have the bitcoins to repay his debs (over 500k) not some technicality (shorting bitlane by 1 btc out of spite).  The timeframe will be 2 weeks.  The bets will be denominated in USD.  The odds will be by offer... I have received 4:1 so far.  All bets will be escrowed by a trusted forum member. 
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August 29, 2012, 07:50:57 AM
 #8

The bet will be Full repayment up until the time of BS&T announced shutdown.  Thus interest after that point which pirate has already anounced default on will be ignored (this weeks interest).

The spirit of the bet is such that pirate will have the bitcoins to repay his debs (over 500k) not some technicality (shorting bitlane by 1 btc out of spite).  The timeframe will be 2 weeks.  The bets will be denominated in USD.  The odds will be by offer... I have received 4:1 so far.  All bets will be escrowed by a trusted forum member. 

Your a new member, why should anyone take this serious?  We have plenty of people to sidebet with.   You must be an old member making a new account or you would not know enough about this to really bet.

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August 29, 2012, 07:52:47 AM
 #9

Seems legit...

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August 29, 2012, 12:06:42 PM
 #10

I'm going to start a bet that he either repays partly before juli 15, 2013, or never fully at all. Who's in?

PS: that's when his debt will be more than the amount of bitcoin in circulation.


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August 29, 2012, 01:20:16 PM
 #11

Pretty sure his "trusted escrow" will be another account of his. lame..

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August 29, 2012, 03:50:09 PM
 #12

Isn't this already being done ?


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c0in$ (OP)
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August 29, 2012, 04:07:50 PM
Last edit: August 29, 2012, 09:17:12 PM by c0in$
 #13

The bet will be Full repayment up until the time of BS&T announced shutdown.  Thus interest after that point which pirate has already anounced default on will be ignored (this weeks interest).

The spirit of the bet is such that pirate will have the bitcoins to repay his debs (over 500k) not some technicality (shorting bitlane by 1 btc out of spite).  The timeframe will be 2 weeks.  The bets will be denominated in USD.  The odds will be by offer... I have received 4:1 so far.  All bets will be escrowed by a trusted forum member.  

Your a new member, why should anyone take this serious?  We have plenty of people to sidebet with.   You must be an old member making a new account or you would not know enough about this to really bet.

You don't have to take me seriously, but I am using Gar (Operator of Cognitive, the largest GLBSE mining asset on the market) as an escrow for my first bet.  I will have him post a contract between the party's here.

I am not an old forum member, this is my only account.  Having a million posts doesn't make you any smarter.  I simply think I can win this bet.
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August 29, 2012, 04:10:23 PM
 #14

Pretty sure his "trusted escrow" will be another account of his. lame..

A posting of odds and terms confirmed by escrow will follow.  The escrow is mutually agreed upon.
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August 29, 2012, 04:16:26 PM
 #15

I am taking the other side of this bet and feel very safe using Garr as the escrow. c0in$ has been very nice to deal with and he gave me very nice odds considering how grim the chances of a full repayment look right now.

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August 29, 2012, 07:34:26 PM
 #16

I have made a thread which will house all of my escrows: https://bitcointalk.org/index.php?topic=104494.0

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August 29, 2012, 08:06:51 PM
 #17

I am just as confused about this bet as Matthews... what's the catch? on the surface it looks like free money... ?

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August 29, 2012, 08:11:10 PM
 #18

I am just as confused about this bet as Matthews... what's the catch? on the surface it looks like free money... ?
If it is too good to be true...

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c0in$ (OP)
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August 29, 2012, 09:20:36 PM
Last edit: August 29, 2012, 10:06:34 PM by c0in$
 #19

I have another $500 I am willing to offer in this wager.

Given that the going market rate for pirate debt is 12%  https://bitcointalk.org/index.php?topic=104052.0 I will only be accepting offers of 1:4 odds or better for the next bet slot.   Thus I would be willing to wager this next $500 against $2,000 or better.   Contact me with an offer if interested.

All bets will be escrowed here through Garr 255 https://bitcointalk.org/index.php?topic=104494.0  He has kindly offered to escrow my bets
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August 29, 2012, 10:03:53 PM
 #20

For full repayment? You really have not thought this through
I love these 12 post new members popping up to take bets on already defaulted debt.   
I am just as confused about this bet as Matthews... what's the catch? on the surface it looks like free money... ?
If it is too good to be true...

I kindly invite any of you to make an offer,

c0in$
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