FatManTerra
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September 09, 2022, 05:22:39 PM |
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Hello!
I am looking for an escrow service. I am betting that certain exchanges won't implement a certain policy (namely a 1.2% burn tax on LUNC trades). The other party is betting at least one exchange will implement such a policy before Jan 1 2023. We are looking to bet 1 BTC each. The winner will receive 2 BTC (minus escrow fees).
Would you be willing to escrow such a deal? If so, what would your fee be?
If you are willing to do this, let me know!
Thank you.
FatMan
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zazarb (OP)
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September 09, 2022, 05:35:56 PM |
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Hello!
I am looking for an escrow service. I am betting that certain exchanges won't implement a certain policy (namely a 1.2% burn tax on LUNC trades). The other party is betting at least one exchange will implement such a policy before Jan 1 2023. We are looking to bet 1 BTC each. The winner will receive 2 BTC (minus escrow fees).
Would you be willing to escrow such a deal? If so, what would your fee be?
If you are willing to do this, let me know!
Thank you.
FatMan
Hi, yes, I probably can do it, my fee 1%
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FatManTerra
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@FatMan, you’ve offered a bet, and I @nubcake_MeoW_ accepted, that we both contribute 1BTC with the winner taking all proceeds (2BTC minus escrow fees) The bet originated as a response to your following statement 08/09/2022 on TR discord: No major exchange will ever support a 1.2% burn tax for off-chain trades. It will simply never happen and there's no point talking about it because it's a silly idea. If you disagree, I am happy to bet on it. You maintain the statement will prove true, and if it does you win the bet. I maintain the statement will not prove true, and if it does not, I win the bet. For clarity on both sides, we have discussed the key points and terms in detail and agreed as follows: 1. ‘Major exchanges’ are defined by you as: Binance, Kraken, KuCoin, Huobi, Coinbase, FTX, Gemini 2. A burn tax is defined as a mandatory >0.9% fee taken out of amounts traded on LUNC spot trading pairs with the intention of burning the proceeds. This definition only includes a tax levied on amounts traded internally on the exchange and does not include on-chain burns (ie. burns caused by withdrawals from or deposits to the exchange). Non-exhaustive examples of nubcake winning: - Binance increases their spot trading fee to >0.9% and forces it on users across all LUNC spot trades and sends it to the burn wallet. - Binance automatically deducts >0.9% of every LUNC purchase's proceeds to send to the burn wallet. - If the recent MEXC burn described in the following link had been implemented by one of the exchanges noted in this bet https://support.mexc.com/hc/en-001/articles/10122048174105. The spirit of the bet is that if someone trades $100 of LUNC, the exchange takes >$0.9 (this number is X) to burn and gives ($100 - X) to the user on the other end of the trade, regardless of how it is specifically implemented. 3. If Terra Classic governance alters the on-chain burn tax to be less than 0.9%, or removes it entirely, the bet is considered void and both parties are refunded less an equal contribution to the escrow fees. 4. The ‘burn tax’ must be announced by one of the above listed CEX before 01/01/2023 and implemented no later than 01/01/2024 for nubcake to ‘win’. If this does not occur FatMan ‘wins’. In the case that a ‘win’ becomes clearly apparent, or is otherwise agreed by the parties, the proceeds of the bet are to be immediately paid to the winning party, less any escrow fees which are to be taken from the proceeds. 5. The parties will organise separately the escrow arrangements and each pay their 1BTC into escrow within 4 days of the escrow arrangements being agreed. 6. In the event of a dispute, the escrow provider will determine the ‘winner’ on their sole discretion but must rely on this agreement as the sole basis for their decision. Here are the terms we both agreed to. The executive summary is if the Terra Classic chain implements a burn tax of 0.9% or higher per transaction, the bet becomes active - I win if no major exchange implements a burn tax on trades and nubcake wins if any major exchange does (refer to the above message for finer details). If the Terra Classic chain does not implement such a burn tax, the bet is voided (you can keep the escrow fee and return the bets to us). It's unlikely that there will be a dispute (it will be quite clear to both of us who won), but in the event that one of us acts in bad faith or if the outcome is ambiguous, please refer to the above message in order to determine who won. If this works for you, please post your address. nubcake will post here as well to confirm their account. We will send the money to you within four days from the time you post your address. Thank you.
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nubcake_MeoW_
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September 09, 2022, 11:40:39 PM |
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Hi Zazarb, I've noted Fatman's below post and I agree. Many thanks @FatMan, you’ve offered a bet, and I @nubcake_MeoW_ accepted, that we both contribute 1BTC with the winner taking all proceeds (2BTC minus escrow fees) The bet originated as a response to your following statement 08/09/2022 on TR discord: No major exchange will ever support a 1.2% burn tax for off-chain trades. It will simply never happen and there's no point talking about it because it's a silly idea. If you disagree, I am happy to bet on it. You maintain the statement will prove true, and if it does you win the bet. I maintain the statement will not prove true, and if it does not, I win the bet. For clarity on both sides, we have discussed the key points and terms in detail and agreed as follows: 1. ‘Major exchanges’ are defined by you as: Binance, Kraken, KuCoin, Huobi, Coinbase, FTX, Gemini 2. A burn tax is defined as a mandatory >0.9% fee taken out of amounts traded on LUNC spot trading pairs with the intention of burning the proceeds. This definition only includes a tax levied on amounts traded internally on the exchange and does not include on-chain burns (ie. burns caused by withdrawals from or deposits to the exchange). Non-exhaustive examples of nubcake winning: - Binance increases their spot trading fee to >0.9% and forces it on users across all LUNC spot trades and sends it to the burn wallet. - Binance automatically deducts >0.9% of every LUNC purchase's proceeds to send to the burn wallet. - If the recent MEXC burn described in the following link had been implemented by one of the exchanges noted in this bet https://support.mexc.com/hc/en-001/articles/10122048174105. The spirit of the bet is that if someone trades $100 of LUNC, the exchange takes >$0.9 (this number is X) to burn and gives ($100 - X) to the user on the other end of the trade, regardless of how it is specifically implemented. 3. If Terra Classic governance alters the on-chain burn tax to be less than 0.9%, or removes it entirely, the bet is considered void and both parties are refunded less an equal contribution to the escrow fees. 4. The ‘burn tax’ must be announced by one of the above listed CEX before 01/01/2023 and implemented no later than 01/01/2024 for nubcake to ‘win’. If this does not occur FatMan ‘wins’. In the case that a ‘win’ becomes clearly apparent, or is otherwise agreed by the parties, the proceeds of the bet are to be immediately paid to the winning party, less any escrow fees which are to be taken from the proceeds. 5. The parties will organise separately the escrow arrangements and each pay their 1BTC into escrow within 4 days of the escrow arrangements being agreed. 6. In the event of a dispute, the escrow provider will determine the ‘winner’ on their sole discretion but must rely on this agreement as the sole basis for their decision. Here are the terms we both agreed to. The executive summary is if the Terra Classic chain implements a burn tax of 0.9% or higher per transaction, the bet becomes active - I win if no major exchange implements a burn tax on trades and nubcake wins if any major exchange does (refer to the above message for finer details). If the Terra Classic chain does not implement such a burn tax, the bet is voided (you can keep the escrow fee and return the bets to us). It's unlikely that there will be a dispute (it will be quite clear to both of us who won), but in the event that one of us acts in bad faith or if the outcome is ambiguous, please refer to the above message in order to determine who won. If this works for you, please post your address. nubcake will post here as well to confirm their account. We will send the money to you within four days from the time you post your address. Thank you.
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zazarb (OP)
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September 10, 2022, 05:53:34 AM |
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Hi Zazarb, I've noted Fatman's below post and I agree. Many thanks @FatMan, you’ve offered a bet, and I @nubcake_MeoW_ accepted, that we both contribute 1BTC with the winner taking all proceeds (2BTC minus escrow fees) The bet originated as a response to your following statement 08/09/2022 on TR discord: No major exchange will ever support a 1.2% burn tax for off-chain trades. It will simply never happen and there's no point talking about it because it's a silly idea. If you disagree, I am happy to bet on it. You maintain the statement will prove true, and if it does you win the bet. I maintain the statement will not prove true, and if it does not, I win the bet. For clarity on both sides, we have discussed the key points and terms in detail and agreed as follows: 1. ‘Major exchanges’ are defined by you as: Binance, Kraken, KuCoin, Huobi, Coinbase, FTX, Gemini 2. A burn tax is defined as a mandatory >0.9% fee taken out of amounts traded on LUNC spot trading pairs with the intention of burning the proceeds. This definition only includes a tax levied on amounts traded internally on the exchange and does not include on-chain burns (ie. burns caused by withdrawals from or deposits to the exchange). Non-exhaustive examples of nubcake winning: - Binance increases their spot trading fee to >0.9% and forces it on users across all LUNC spot trades and sends it to the burn wallet. - Binance automatically deducts >0.9% of every LUNC purchase's proceeds to send to the burn wallet. - If the recent MEXC burn described in the following link had been implemented by one of the exchanges noted in this bet https://support.mexc.com/hc/en-001/articles/10122048174105. The spirit of the bet is that if someone trades $100 of LUNC, the exchange takes >$0.9 (this number is X) to burn and gives ($100 - X) to the user on the other end of the trade, regardless of how it is specifically implemented. 3. If Terra Classic governance alters the on-chain burn tax to be less than 0.9%, or removes it entirely, the bet is considered void and both parties are refunded less an equal contribution to the escrow fees. 4. The ‘burn tax’ must be announced by one of the above listed CEX before 01/01/2023 and implemented no later than 01/01/2024 for nubcake to ‘win’. If this does not occur FatMan ‘wins’. In the case that a ‘win’ becomes clearly apparent, or is otherwise agreed by the parties, the proceeds of the bet are to be immediately paid to the winning party, less any escrow fees which are to be taken from the proceeds. 5. The parties will organise separately the escrow arrangements and each pay their 1BTC into escrow within 4 days of the escrow arrangements being agreed. 6. In the event of a dispute, the escrow provider will determine the ‘winner’ on their sole discretion but must rely on this agreement as the sole basis for their decision. Here are the terms we both agreed to. The executive summary is if the Terra Classic chain implements a burn tax of 0.9% or higher per transaction, the bet becomes active - I win if no major exchange implements a burn tax on trades and nubcake wins if any major exchange does (refer to the above message for finer details). If the Terra Classic chain does not implement such a burn tax, the bet is voided (you can keep the escrow fee and return the bets to us). It's unlikely that there will be a dispute (it will be quite clear to both of us who won), but in the event that one of us acts in bad faith or if the outcome is ambiguous, please refer to the above message in order to determine who won. If this works for you, please post your address. nubcake will post here as well to confirm their account. We will send the money to you within four days from the time you post your address. Thank you. Quoted
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zazarb (OP)
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September 10, 2022, 05:56:05 AM |
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-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA512 Here will be the escrow agreement fort betting, between FatManTerra and nubcake_MeoW_ Terms of deal in quoted message: https://bitcointalk.org/index.php?topic=1161170.msg60912731#msg60912731Escrow address: 1zazarbojD21aRu2dpFYz7KxFDKgwSDtK Participants please fund the above escrow address with 2 BTC( 1BTC each) Upon confirmation of winner and review , I will release a total of 2 BTC ( escrow fee 1% and transaction fee will be deducted) -----BEGIN PGP SIGNATURE----- Version: Keybase OpenPGP v2.1.13 Comment: https://keybase.io/cryptowsBcBAABCgAGBQJjHCbRAAoJEEesS+GBgNwF/aAIAL9SZ1XlSD1OJwlHCz6d/JCL nQ0fRD6FmuHZvwTqSDwXhek1Yefad/DaC12AXCx6NzKtt4BmrU1C4M0Iv3OEKtVi 75WqWboCoGxZbtCj/yRuBzeSMbz5MWKkYD/wWwAzJJ3gvFzfpdY0dbJ+8weQ85Ru iAvlv0pkbXrKqip+pc9CS9NujBMU1pwB6EEOLh87qTVqRV3KtX14grp9w45avcwF ANsiqv905Imrqz6QqEOfDovBWSYCoNc9wXDOMn24zLIDdFJA2OaVnizr/PZu+Nth kYS2v+phGZl/Lw1Hu1FXhA0KNSPJjOSNM4NFqxgAyVVYFRKHoKVjR8ieB8393DQ= =V9aN -----END PGP SIGNATURE-----
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FatManTerra
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September 11, 2022, 06:58:31 PM |
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-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA512 Here will be the escrow agreement fort betting, between FatManTerra and nubcake_MeoW_ Terms of deal in quoted message: https://bitcointalk.org/index.php?topic=1161170.msg60912731#msg60912731Escrow address: 1zazarbojD21aRu2dpFYz7KxFDKgwSDtK Participants please fund the above escrow address with 2 BTC( 1BTC each) Upon confirmation of winner and review , I will release a total of 2 BTC ( escrow fee 1% and transaction fee will be deducted) -----BEGIN PGP SIGNATURE----- Version: Keybase OpenPGP v2.1.13 Comment: https://keybase.io/cryptowsBcBAABCgAGBQJjHCbRAAoJEEesS+GBgNwF/aAIAL9SZ1XlSD1OJwlHCz6d/JCL nQ0fRD6FmuHZvwTqSDwXhek1Yefad/DaC12AXCx6NzKtt4BmrU1C4M0Iv3OEKtVi 75WqWboCoGxZbtCj/yRuBzeSMbz5MWKkYD/wWwAzJJ3gvFzfpdY0dbJ+8weQ85Ru iAvlv0pkbXrKqip+pc9CS9NujBMU1pwB6EEOLh87qTVqRV3KtX14grp9w45avcwF ANsiqv905Imrqz6QqEOfDovBWSYCoNc9wXDOMn24zLIDdFJA2OaVnizr/PZu+Nth kYS2v+phGZl/Lw1Hu1FXhA0KNSPJjOSNM4NFqxgAyVVYFRKHoKVjR8ieB8393DQ= =V9aN -----END PGP SIGNATURE----- Signature verified and BTC sent: https://www.blockchain.com/btc/tx/ddb439f5c03a82a0273568411b0c222cb7e763574fdaf80adac161197fbfbf1bThank you.
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zazarb (OP)
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September 11, 2022, 07:07:58 PM |
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-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA512 Here will be the escrow agreement fort betting, between FatManTerra and nubcake_MeoW_ Terms of deal in quoted message: https://bitcointalk.org/index.php?topic=1161170.msg60912731#msg60912731Escrow address: 1zazarbojD21aRu2dpFYz7KxFDKgwSDtK Participants please fund the above escrow address with 2 BTC( 1BTC each) Upon confirmation of winner and review , I will release a total of 2 BTC ( escrow fee 1% and transaction fee will be deducted) -----BEGIN PGP SIGNATURE----- Version: Keybase OpenPGP v2.1.13 Comment: https://keybase.io/cryptowsBcBAABCgAGBQJjHCbRAAoJEEesS+GBgNwF/aAIAL9SZ1XlSD1OJwlHCz6d/JCL nQ0fRD6FmuHZvwTqSDwXhek1Yefad/DaC12AXCx6NzKtt4BmrU1C4M0Iv3OEKtVi 75WqWboCoGxZbtCj/yRuBzeSMbz5MWKkYD/wWwAzJJ3gvFzfpdY0dbJ+8weQ85Ru iAvlv0pkbXrKqip+pc9CS9NujBMU1pwB6EEOLh87qTVqRV3KtX14grp9w45avcwF ANsiqv905Imrqz6QqEOfDovBWSYCoNc9wXDOMn24zLIDdFJA2OaVnizr/PZu+Nth kYS2v+phGZl/Lw1Hu1FXhA0KNSPJjOSNM4NFqxgAyVVYFRKHoKVjR8ieB8393DQ= =V9aN -----END PGP SIGNATURE----- Signature verified and BTC sent: https://www.blockchain.com/btc/tx/ddb439f5c03a82a0273568411b0c222cb7e763574fdaf80adac161197fbfbf1bThank you. Confirmed as received
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FatManTerra
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September 11, 2022, 09:23:03 PM |
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-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA512 Here will be the escrow agreement fort betting, between FatManTerra and nubcake_MeoW_ Terms of deal in quoted message: https://bitcointalk.org/index.php?topic=1161170.msg60912731#msg60912731Escrow address: 1zazarbojD21aRu2dpFYz7KxFDKgwSDtK Participants please fund the above escrow address with 2 BTC( 1BTC each) Upon confirmation of winner and review , I will release a total of 2 BTC ( escrow fee 1% and transaction fee will be deducted) -----BEGIN PGP SIGNATURE----- Version: Keybase OpenPGP v2.1.13 Comment: https://keybase.io/cryptowsBcBAABCgAGBQJjHCbRAAoJEEesS+GBgNwF/aAIAL9SZ1XlSD1OJwlHCz6d/JCL nQ0fRD6FmuHZvwTqSDwXhek1Yefad/DaC12AXCx6NzKtt4BmrU1C4M0Iv3OEKtVi 75WqWboCoGxZbtCj/yRuBzeSMbz5MWKkYD/wWwAzJJ3gvFzfpdY0dbJ+8weQ85Ru iAvlv0pkbXrKqip+pc9CS9NujBMU1pwB6EEOLh87qTVqRV3KtX14grp9w45avcwF ANsiqv905Imrqz6QqEOfDovBWSYCoNc9wXDOMn24zLIDdFJA2OaVnizr/PZu+Nth kYS2v+phGZl/Lw1Hu1FXhA0KNSPJjOSNM4NFqxgAyVVYFRKHoKVjR8ieB8393DQ= =V9aN -----END PGP SIGNATURE----- Signature verified and BTC sent: https://www.blockchain.com/btc/tx/ddb439f5c03a82a0273568411b0c222cb7e763574fdaf80adac161197fbfbf1bThank you. Confirmed as received Hey, the two of us would like to double up on the same bet. 2 BTC each instead of 1 BTC each. Would you be okay with that? (I'll send you an extra bitcoin and nubcake will send you a total of two.) Let me know. Thanks.
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zazarb (OP)
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September 11, 2022, 09:35:28 PM |
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-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA512 Here will be the escrow agreement fort betting, between FatManTerra and nubcake_MeoW_ Terms of deal in quoted message: https://bitcointalk.org/index.php?topic=1161170.msg60912731#msg60912731Escrow address: 1zazarbojD21aRu2dpFYz7KxFDKgwSDtK Participants please fund the above escrow address with 2 BTC( 1BTC each) Upon confirmation of winner and review , I will release a total of 2 BTC ( escrow fee 1% and transaction fee will be deducted) -----BEGIN PGP SIGNATURE----- Version: Keybase OpenPGP v2.1.13 Comment: https://keybase.io/cryptowsBcBAABCgAGBQJjHCbRAAoJEEesS+GBgNwF/aAIAL9SZ1XlSD1OJwlHCz6d/JCL nQ0fRD6FmuHZvwTqSDwXhek1Yefad/DaC12AXCx6NzKtt4BmrU1C4M0Iv3OEKtVi 75WqWboCoGxZbtCj/yRuBzeSMbz5MWKkYD/wWwAzJJ3gvFzfpdY0dbJ+8weQ85Ru iAvlv0pkbXrKqip+pc9CS9NujBMU1pwB6EEOLh87qTVqRV3KtX14grp9w45avcwF ANsiqv905Imrqz6QqEOfDovBWSYCoNc9wXDOMn24zLIDdFJA2OaVnizr/PZu+Nth kYS2v+phGZl/Lw1Hu1FXhA0KNSPJjOSNM4NFqxgAyVVYFRKHoKVjR8ieB8393DQ= =V9aN -----END PGP SIGNATURE----- Signature verified and BTC sent: https://www.blockchain.com/btc/tx/ddb439f5c03a82a0273568411b0c222cb7e763574fdaf80adac161197fbfbf1bThank you. Confirmed as received Hey, the two of us would like to double up on the same bet. 2 BTC each instead of 1 BTC each. Would you be okay with that? (I'll send you an extra bitcoin and nubcake will send you a total of two.) Let me know. Thanks. yes, you can do it.
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FatManTerra
Copper Member
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September 11, 2022, 10:08:01 PM |
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-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA512 Here will be the escrow agreement fort betting, between FatManTerra and nubcake_MeoW_ Terms of deal in quoted message: https://bitcointalk.org/index.php?topic=1161170.msg60912731#msg60912731Escrow address: 1zazarbojD21aRu2dpFYz7KxFDKgwSDtK Participants please fund the above escrow address with 2 BTC( 1BTC each) Upon confirmation of winner and review , I will release a total of 2 BTC ( escrow fee 1% and transaction fee will be deducted) -----BEGIN PGP SIGNATURE----- Version: Keybase OpenPGP v2.1.13 Comment: https://keybase.io/cryptowsBcBAABCgAGBQJjHCbRAAoJEEesS+GBgNwF/aAIAL9SZ1XlSD1OJwlHCz6d/JCL nQ0fRD6FmuHZvwTqSDwXhek1Yefad/DaC12AXCx6NzKtt4BmrU1C4M0Iv3OEKtVi 75WqWboCoGxZbtCj/yRuBzeSMbz5MWKkYD/wWwAzJJ3gvFzfpdY0dbJ+8weQ85Ru iAvlv0pkbXrKqip+pc9CS9NujBMU1pwB6EEOLh87qTVqRV3KtX14grp9w45avcwF ANsiqv905Imrqz6QqEOfDovBWSYCoNc9wXDOMn24zLIDdFJA2OaVnizr/PZu+Nth kYS2v+phGZl/Lw1Hu1FXhA0KNSPJjOSNM4NFqxgAyVVYFRKHoKVjR8ieB8393DQ= =V9aN -----END PGP SIGNATURE----- Signature verified and BTC sent: https://www.blockchain.com/btc/tx/ddb439f5c03a82a0273568411b0c222cb7e763574fdaf80adac161197fbfbf1bThank you. Confirmed as received Hey, the two of us would like to double up on the same bet. 2 BTC each instead of 1 BTC each. Would you be okay with that? (I'll send you an extra bitcoin and nubcake will send you a total of two.) Let me know. Thanks. yes, you can do it. Apologies, I jumped the gun on this one. nubcake would prefer for me to consult other escrow services to spread out counterparty risk, so we'll stick to the 1 BTC with you for now. If that doesn't pan out as expected, I will let you know. Sorry, hope that's okay.
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zazarb (OP)
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September 11, 2022, 10:10:30 PM |
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-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA512 Here will be the escrow agreement fort betting, between FatManTerra and nubcake_MeoW_ Terms of deal in quoted message: https://bitcointalk.org/index.php?topic=1161170.msg60912731#msg60912731Escrow address: 1zazarbojD21aRu2dpFYz7KxFDKgwSDtK Participants please fund the above escrow address with 2 BTC( 1BTC each) Upon confirmation of winner and review , I will release a total of 2 BTC ( escrow fee 1% and transaction fee will be deducted) -----BEGIN PGP SIGNATURE----- Version: Keybase OpenPGP v2.1.13 Comment: https://keybase.io/cryptowsBcBAABCgAGBQJjHCbRAAoJEEesS+GBgNwF/aAIAL9SZ1XlSD1OJwlHCz6d/JCL nQ0fRD6FmuHZvwTqSDwXhek1Yefad/DaC12AXCx6NzKtt4BmrU1C4M0Iv3OEKtVi 75WqWboCoGxZbtCj/yRuBzeSMbz5MWKkYD/wWwAzJJ3gvFzfpdY0dbJ+8weQ85Ru iAvlv0pkbXrKqip+pc9CS9NujBMU1pwB6EEOLh87qTVqRV3KtX14grp9w45avcwF ANsiqv905Imrqz6QqEOfDovBWSYCoNc9wXDOMn24zLIDdFJA2OaVnizr/PZu+Nth kYS2v+phGZl/Lw1Hu1FXhA0KNSPJjOSNM4NFqxgAyVVYFRKHoKVjR8ieB8393DQ= =V9aN -----END PGP SIGNATURE----- Signature verified and BTC sent: https://www.blockchain.com/btc/tx/ddb439f5c03a82a0273568411b0c222cb7e763574fdaf80adac161197fbfbf1bThank you. Confirmed as received Hey, the two of us would like to double up on the same bet. 2 BTC each instead of 1 BTC each. Would you be okay with that? (I'll send you an extra bitcoin and nubcake will send you a total of two.) Let me know. Thanks. yes, you can do it. Apologies, I jumped the gun on this one. nubcake would prefer for me to consult other escrow services to spread out counterparty risk, so we'll stick to the 1 BTC with you for now. If that doesn't pan out as expected, I will let you know. Sorry, hope that's okay. No problem
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nubcake_MeoW_
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September 14, 2022, 01:23:55 AM |
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-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA512 Here will be the escrow agreement fort betting, between FatManTerra and nubcake_MeoW_ Terms of deal in quoted message: https://bitcointalk.org/index.php?topic=1161170.msg60912731#msg60912731Escrow address: 1zazarbojD21aRu2dpFYz7KxFDKgwSDtK Participants please fund the above escrow address with 2 BTC( 1BTC each) Upon confirmation of winner and review , I will release a total of 2 BTC ( escrow fee 1% and transaction fee will be deducted) -----BEGIN PGP SIGNATURE----- Version: Keybase OpenPGP v2.1.13 Comment: https://keybase.io/cryptowsBcBAABCgAGBQJjHCbRAAoJEEesS+GBgNwF/aAIAL9SZ1XlSD1OJwlHCz6d/JCL nQ0fRD6FmuHZvwTqSDwXhek1Yefad/DaC12AXCx6NzKtt4BmrU1C4M0Iv3OEKtVi 75WqWboCoGxZbtCj/yRuBzeSMbz5MWKkYD/wWwAzJJ3gvFzfpdY0dbJ+8weQ85Ru iAvlv0pkbXrKqip+pc9CS9NujBMU1pwB6EEOLh87qTVqRV3KtX14grp9w45avcwF ANsiqv905Imrqz6QqEOfDovBWSYCoNc9wXDOMn24zLIDdFJA2OaVnizr/PZu+Nth kYS2v+phGZl/Lw1Hu1FXhA0KNSPJjOSNM4NFqxgAyVVYFRKHoKVjR8ieB8393DQ= =V9aN -----END PGP SIGNATURE----- Signature verified and BTC sent: https://www.blockchain.com/btc/tx/ddb439f5c03a82a0273568411b0c222cb7e763574fdaf80adac161197fbfbf1bThank you. Confirmed as received BTC sent: https://www.blockchain.com/btc/tx/ddb439f5c03a82a0273568411b0c222cb7e763574fdaf80adac161197fbfbf1bPlease record my return wallet address for future reference: 1MLnUWTYzvL1iqzC52H1ZD9c93s9TnFw82 (please only refund to this address should I win the bet, will not be altered later) Many thanks ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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zazarb (OP)
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Get loan in just five minutes goo.gl/8WMW6n
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September 14, 2022, 04:22:41 AM |
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nubcake_MeoW_
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September 14, 2022, 04:47:55 AM |
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Regarding the possible increase, coming back to you on it: we decided to split the escrow between two providers to spread the risk given the size of the transaction.
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zazarb (OP)
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Get loan in just five minutes goo.gl/8WMW6n
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September 14, 2022, 05:17:49 AM |
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Regarding the possible increase, coming back to you on it: we decided to split the escrow between two providers to spread the risk given the size of the transaction.
No problem, do what you think is best for them.
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FatManTerra
Copper Member
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September 14, 2022, 07:21:06 AM |
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Many thanks to both of you.
When I win, please pay out to bc1qj2r3ual3ve7n5q4wkgnf87ct673zk4ww56ydvn.
Under no circumstances will I change this address. If I attempt to, assume my account to be compromised.
Good luck!
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zazarb (OP)
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Get loan in just five minutes goo.gl/8WMW6n
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September 14, 2022, 07:23:33 AM |
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Many thanks to both of you.
When I win, please pay out to bc1qj2r3ual3ve7n5q4wkgnf87ct673zk4ww56ydvn.
Under no circumstances will I change this address. If I attempt to, assume my account to be compromised.
Good luck!
Quoted
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nubcake_MeoW_
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September 18, 2022, 10:27:26 PM |
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Hi Zarzarb, Noting only for future reference at this time: In the last 24 hours Fatman has informed me, for the first time, that he intends to initiate a dispute in respect of the application of clause 3, should application of the clause become necessary. Specifically he has indicated that he intends to claim victory, and full payment of the bet, should the tax be reduced by LUNC governance vote below the 0.9% threshold, or cancelled entirely, between 20/09/2022 and 01/01/2023. I strongly object to this and maintain it is an attempt to alter the original agreement. As such, there is a possible dispute looming. No further action is required right now. At this moment it is possible (and my strong hope) that the bet can be concluded without needing to 'test' the application of clause 3. This will be the case if the tax is not reduced below 0.9% or cancelled by LUNC governance before 01/01/2023. Fatman has confirmed today that there remains agreement between us in respect of all other clauses. I want to highight clause 6 which states: 6. In the event of a dispute, the escrow provider will determine the ‘winner’ on their sole discretion but must rely on this agreement as the sole basis for their decision. [emphasis added] In the event of dispute, escrow providers should rely on the original terms as the "sole basis for their decision" without taking further submissions from Fatman or myself. I regret that it seems necessary to note this item at this time. Thank you Hi Zazarb, I've noted Fatman's below post and I agree. Many thanks @FatMan, you’ve offered a bet, and I @nubcake_MeoW_ accepted, that we both contribute 1BTC with the winner taking all proceeds (2BTC minus escrow fees) The bet originated as a response to your following statement 08/09/2022 on TR discord: No major exchange will ever support a 1.2% burn tax for off-chain trades. It will simply never happen and there's no point talking about it because it's a silly idea. If you disagree, I am happy to bet on it. You maintain the statement will prove true, and if it does you win the bet. I maintain the statement will not prove true, and if it does not, I win the bet. For clarity on both sides, we have discussed the key points and terms in detail and agreed as follows: 1. ‘Major exchanges’ are defined by you as: Binance, Kraken, KuCoin, Huobi, Coinbase, FTX, Gemini 2. A burn tax is defined as a mandatory >0.9% fee taken out of amounts traded on LUNC spot trading pairs with the intention of burning the proceeds. This definition only includes a tax levied on amounts traded internally on the exchange and does not include on-chain burns (ie. burns caused by withdrawals from or deposits to the exchange). Non-exhaustive examples of nubcake winning: - Binance increases their spot trading fee to >0.9% and forces it on users across all LUNC spot trades and sends it to the burn wallet. - Binance automatically deducts >0.9% of every LUNC purchase's proceeds to send to the burn wallet. - If the recent MEXC burn described in the following link had been implemented by one of the exchanges noted in this bet https://support.mexc.com/hc/en-001/articles/10122048174105. The spirit of the bet is that if someone trades $100 of LUNC, the exchange takes >$0.9 (this number is X) to burn and gives ($100 - X) to the user on the other end of the trade, regardless of how it is specifically implemented. 3. If Terra Classic governance alters the on-chain burn tax to be less than 0.9%, or removes it entirely, the bet is considered void and both parties are refunded less an equal contribution to the escrow fees. 4. The ‘burn tax’ must be announced by one of the above listed CEX before 01/01/2023 and implemented no later than 01/01/2024 for nubcake to ‘win’. If this does not occur FatMan ‘wins’. In the case that a ‘win’ becomes clearly apparent, or is otherwise agreed by the parties, the proceeds of the bet are to be immediately paid to the winning party, less any escrow fees which are to be taken from the proceeds. 5. The parties will organise separately the escrow arrangements and each pay their 1BTC into escrow within 4 days of the escrow arrangements being agreed. 6. In the event of a dispute, the escrow provider will determine the ‘winner’ on their sole discretion but must rely on this agreement as the sole basis for their decision. Here are the terms we both agreed to. The executive summary is if the Terra Classic chain implements a burn tax of 0.9% or higher per transaction, the bet becomes active - I win if no major exchange implements a burn tax on trades and nubcake wins if any major exchange does (refer to the above message for finer details). If the Terra Classic chain does not implement such a burn tax, the bet is voided (you can keep the escrow fee and return the bets to us). It's unlikely that there will be a dispute (it will be quite clear to both of us who won), but in the event that one of us acts in bad faith or if the outcome is ambiguous, please refer to the above message in order to determine who won. If this works for you, please post your address. nubcake will post here as well to confirm their account. We will send the money to you within four days from the time you post your address. Thank you. Quoted
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Timelord2067
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Merit: 2235
💲🏎️💨🚓
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September 19, 2022, 02:44:04 AM |
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I can only see 2.0 BTC in the wallet address 1zazarbojD21aRu2dpFYz7KxFDKgwSDtK which either means one person has deposited the required 2.0 BTC bet, or, both parties have only deposited half of their agreed wager amount (or some other combination) so this may turn very ugly very quickly.
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