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Author Topic: Putting your money where Pirate's mouth is.  (Read 68206 times)
phantitox
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July 05, 2012, 10:58:05 PM
 #41

I'll go on record here and on the official bet thread created that the winnings (if I win of course) of bet will go directly to a charity of the communities choosing.

I'm a huge fan of the charities dedicated to providing clean water around the world.  water.org and charitywater.org are both good.  That's where I direct all friends and family for my bday/etc. gifts.  It's a good balance for how insanely first world btc currently compares to the real "99%" and there's no political agenda.

Awesome, i personally make a little charity teaching computer class for 8-12 years old kids here at my city in a low-income public school and its  awesome, i take my hat off and applaud if you follow your word and that money is sent to a charity. Loved It  Smiley
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Blitz­
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July 05, 2012, 11:07:00 PM
 #42

I hope you remember the day you let your emotions get the best of you.  

Ready when you are.

Sure! How's this for the terms:

Both I and you (Pirateat40) place 5000 BTC each into an escrow held by Nanotube. If after 2013-10-01, that's the first of October 2013, BS&T has not defaulted on payments, Pirateat40 gets the funds. In the case of a default, I (Vandroiy) get the funds.

A default is identified by customers' funds being locked down for two consecutive weeks.

Something among these lines?

Perfect and I don't think you could have picked a better escrow.  When your funds hit the escrow let me know.
I'll add 3k BTC to this, same escrow, same terms (except Vandroiy = Blitz), so I can also "put my money where my mouth is". Agree?

edit: I decided not to do it for a variety of reasons while overthinking it. Mainly, I don't wish to have a vested interest in "making" something a ponzi or making a person a criminal when I cannot have a certainty of 100%. Feels unethical. In return, since I am unwilling to put up, I will also shut up about this topic.

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
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July 05, 2012, 11:27:18 PM
 #43

I hope you remember the day you let your emotions get the best of you.  

Ready when you are.

Sure! How's this for the terms:

Both I and you (Pirateat40) place 5000 BTC each into an escrow held by Nanotube. If after 2013-10-01, that's the first of October 2013, BS&T has not defaulted on payments, Pirateat40 gets the funds. In the case of a default, I (Vandroiy) get the funds.

A default is identified by customers' funds being locked down for two consecutive weeks.

Something among these lines?

Perfect and I don't think you could have picked a better escrow.  When your funds hit the escrow let me know.
I'll add 3k BTC to this, same escrow, same terms (except Vandroiy = Blitz), so I can also "put my money where my mouth is". Agree?

Time for popcorn, this is going to be interesting!

Mycelium let's you hold your private keys private.
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July 05, 2012, 11:32:56 PM
 #44

Nanotube said he has some thoughts about the exact wording and will work on that. He just wants to be sure we don't fight in the end... I wonder why! Grin I doubt it in this case, but why not let him be safe.

I suggested we pay him 100 BTC for the escrow, so we transfer 5050 BTC each. Is that OK? I'll be back tomorrow to post the exact bet with signature and, if you like the final version, transfer the funds.
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July 05, 2012, 11:48:28 PM
 #45

Does this mean no more fud about bs&t?
pirateat40
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July 05, 2012, 11:50:39 PM
 #46

Nanotube said he has some thoughts about the exact wording and will work on that. He just wants to be sure we don't fight in the end... I wonder why! Grin I doubt it in this case, but why not let him be safe.

I suggested we pay him 100 BTC for the escrow, so we transfer 5050 BTC each. Is that OK? I'll be back tomorrow to post the exact bet with signature and, if you like the final version, transfer the funds.

I'm fine with that and whoever else wants to add to the bill.

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July 05, 2012, 11:51:56 PM
 #47

Hi Vandroiy, could you list your bet in GLBSE so that we can join this bet? I am not a BTCST doubter, actually I have 4 digit coins in BTCST related ventures. I just want a way of insurance for my funds in BTCST, even we lose the bet they will go to charity, why not?

Nanotube said he has some thoughts about the exact wording and will work on that. He just wants to be sure we don't fight in the end... I wonder why! Grin I doubt it in this case, but why not let him be safe.

I suggested we pay him 100 BTC for the escrow, so we transfer 5050 BTC each. Is that OK? I'll be back tomorrow to post the exact bet with signature and, if you like the final version, transfer the funds.
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July 05, 2012, 11:53:46 PM
 #48

this is going to get redonkulous.

pirateat40
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July 05, 2012, 11:58:20 PM
 #49

Hi Vandroiy, could you list your bet in GLBSE so that we can join this bet? I am not a BTCST doubter, actually I have 4 digit coins in BTCST related ventures. I just want a way of insurance for my funds in BTCST, even we lose the bet they will go to charity, why not?

Nanotube said he has some thoughts about the exact wording and will work on that. He just wants to be sure we don't fight in the end... I wonder why! Grin I doubt it in this case, but why not let him be safe.

I suggested we pay him 100 BTC for the escrow, so we transfer 5050 BTC each. Is that OK? I'll be back tomorrow to post the exact bet with signature and, if you like the final version, transfer the funds.

This bet is directly with me and Vandroiy's posse.  I don't use GLBSE and won't.  I want those that entered this bet to be known.

chunglam
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July 06, 2012, 12:09:00 AM
 #50

Hi Vandroiy, could you list your bet in GLBSE so that we can join this bet? I am not a BTCST doubter, actually I have 4 digit coins in BTCST related ventures. I just want a way of insurance for my funds in BTCST, even we lose the bet they will go to charity, why not?

Nanotube said he has some thoughts about the exact wording and will work on that. He just wants to be sure we don't fight in the end... I wonder why! Grin I doubt it in this case, but why not let him be safe.

I suggested we pay him 100 BTC for the escrow, so we transfer 5050 BTC each. Is that OK? I'll be back tomorrow to post the exact bet with signature and, if you like the final version, transfer the funds.

This bet is directly with me and Vandroiy's posse.  I don't use GLBSE and won't.  I want those that entered this bet to be known.

Yes, I know. But you can't stop him using GLBSE to collect the funds he puts into this bet.
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July 06, 2012, 12:15:38 AM
 #51

I'll go on record here and on the official bet thread created that the winnings (if I win of course) of bet will go directly to a charity of the communities choosing.

For picking an effective, efficient and sane charity: http://www.givewell.org/

Current top recommendation: Against Malaria Foundation

Quote from: GiveWell.org
Using the 2012 projected costs per LLIN, we estimate the cost per child life saved through an AMF LLIN distribution at about $1,600 using the marginal cost ($5.15 per LLIN) and about $1,700 using the total cost ($5.54 per LLIN) This does not include other potential benefits of LLINs (non-fatal cases of malaria prevented, prevention of deaths in age groups other than under-5 year olds, prevention of other mosquito-borne diseases, etc.).

nimda
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July 06, 2012, 12:18:29 AM
 #52

ooh, 5050 BTC each! Shocked
A cool $66700 to the winner!

Somehow I doubt vandroiy will do it, but we'll see... (watch for lame excuses)


As for charities, I can also suggest Smile Train.

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
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July 06, 2012, 12:22:17 AM
 #53

Vandroiy - 5k BTC
Blitz - 3k BTC
over $33k worth of pet rocks for a winning side at current rates
pirateat40
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July 06, 2012, 12:28:16 AM
 #54

Somehow I doubt vandroiy will do it, but we'll see... (watch for lame excuses)

If he does't have the coins, surely he can collect enough funds from everyone anti-me.  He's already committed, it's game on.

the joint
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July 06, 2012, 12:31:12 AM
 #55

God I love this forum sometimes.

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July 06, 2012, 12:32:35 AM
 #56

Hi Vandroiy, could you list your bet in GLBSE so that we can join this bet?
I am not a BTCST doubter, actually I have 4 digit coins in BTCST related ventures.
I just want a way of insurance for my funds in BTCST, even we lose the bet they will go to charity, why not?

Bets of Bitcoin: BTCST will default before the end of 2012. (Currently 282.3 BTC in favour, 370.44 BTC against.)
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July 06, 2012, 12:33:50 AM
 #57

God I love this forum sometimes.

+1

chunglam
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July 06, 2012, 01:12:46 AM
 #58

Hi Vandroiy, could you list your bet in GLBSE so that we can join this bet?
I am not a BTCST doubter, actually I have 4 digit coins in BTCST related ventures.
I just want a way of insurance for my funds in BTCST, even we lose the bet they will go to charity, why not?

Bets of Bitcoin: BTCST will default before the end of 2012. (Currently 282.3 BTC in favour, 370.44 BTC against.)

This one is more interesting, because it involves pirateat40 himself and charity.
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July 06, 2012, 01:16:25 AM
 #59

Hi Vandroiy, could you list your bet in GLBSE so that we can join this bet?
I am not a BTCST doubter, actually I have 4 digit coins in BTCST related ventures.
I just want a way of insurance for my funds in BTCST, even we lose the bet they will go to charity, why not?

Bets of Bitcoin: BTCST will default before the end of 2012. (Currently 282.3 BTC in favour, 370.44 BTC against.)

This one is more interesting, because it involves pirateat40 himself and charity.
And the volume is higher.

nimda
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July 06, 2012, 01:30:58 AM
 #60

And the escrow is more trustworthy

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
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