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Author Topic: Putting your money where Pirate's mouth is.  (Read 68307 times)
hgmichna
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August 15, 2012, 03:53:37 PM
 #481

Agreed, as long as its not put into effect pirate has another 10 days left to avoid a cut in his profit margins by 5000 BTC....

It doesn't cut into his profit. Why should the pirate even think about a bet he intended to lose all along?

How do you know what pirate's intentions are/were?

Because they are so obvious.

They may not be obvious to someone who believes he can get rich by handing over his money to some anonymous guy who promises 3,300% interest, but they are obvious to me and to you. We just have opposite intentions. I would like to see you serve a jail term in the cell next to pirateat40.
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imsaguy
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August 15, 2012, 03:54:44 PM
 #482

Agreed, as long as its not put into effect pirate has another 10 days left to avoid a cut in his profit margins by 5000 BTC....

It doesn't cut into his profit. Why should the pirate even think about a bet he intended to lose all along?

How do you know what pirate's intentions are/were?

Because they are so obvious.

They may not be obvious to someone who believes he can get rich by handing over his money to some anonymous guy who promises 3,300% interest, but they are obvious to me and to you. We just have opposite intentions. I would like to see you serve a jail term in the cell next to pirateat40.

lulz

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ErebusBat
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August 15, 2012, 04:16:13 PM
 #483

Agreed, as long as its not put into effect pirate has another 10 days left to avoid a cut in his profit margins by 5000 BTC....

It doesn't cut into his profit. Why should the pirate even think about a bet he intended to lose all along?

How do you know what pirate's intentions are/were?

Because they are so obvious.

They may not be obvious to someone who believes he can get rich by handing over his money to some anonymous guy who promises 3,300% interest, but they are obvious to me and to you. We just have opposite intentions. I would like to see you serve a jail term in the cell next to pirateat40.
Why is everyone on about prison?  Why do we protect stupid people?  Why don't we throw them into prison?  If you put more money than you can afford to lose into ANY investment then you are stupid, and by my new logic should be in prison.

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August 15, 2012, 04:20:41 PM
 #484

Why is everyone on about prison?  Why do we protect stupid people?  Why don't we throw them into prison?  If you put more money than you can afford to lose into ANY investment then you are stupid, and by my new logic should be in prison.

Why don't we also throw weak people in jail too while we are at it? Damn old lady got mugged by a punk. Stupid bitch had 80 years to train hapkimudo or something (like this old man http://www.youtube.com/watch?v=jiSltVex840) and she has not. Totally her fault, rigth?

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August 15, 2012, 04:26:45 PM
 #485

Funny how people talk so much but won't bet on it...

http://betsofbitco.in/item?id=537
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August 15, 2012, 04:28:01 PM
 #486

FYI, here is my interpretation.

Since the existing ToS includes the provision for pirate's ability to change interest rates "with notice", this latest change in interest rates does not violate the terms of the bet contract, even though it did not itself have a 30 day notice. The term "interest rates" was only used as an example of terms that may change in ToS; the list of examples was not intended to be either exhaustive or necessarily-inclusive. The point of the ToS changes section and advance notice thereof, was to make sure that users are given ample notice for any unexpected material changes.

For your easy reference, link to bet contract:
https://bitcointalk.org/index.php?topic=91661.msg1013589#msg1013589

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imsaguy
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August 15, 2012, 04:29:45 PM
 #487

Funny how people talk so much but won't bet on it...

http://betsofbitco.in/item?id=537

Well, anyone that doesn't believe pirate will default would get paid better to invest in him directly.  Anyone that believes he will default won't have anyone to counter bet against.  That being said, the nays outweigh the yeas by 8:1.

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imsaguy
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August 15, 2012, 04:31:07 PM
 #488

FYI, here is my interpretation.

Since the existing ToS includes the provision for pirate's ability to change interest rates "with notice", this latest change in interest rates does not violate the terms of the bet contract, even though it did not itself have a 30 day notice. The term "interest rates" was only used as an example of terms that may change in ToS; the list of examples was not intended to be either exhaustive or necessarily-inclusive. The point of the ToS changes section and advance notice thereof, was to make sure that users are given ample notice for any unexpected material changes.

For your easy reference, link to bet contract:
https://bitcointalk.org/index.php?topic=91661.msg1013589#msg1013589

witnessed.

Coming Soon!™ © imsaguy 2011-2013, All rights reserved.

EIEIO:
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Shades Minoco Collection Thread: https://bitcointalk.org/index.php?topic=65989
Payment Address: http://btc.to/5r6
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August 15, 2012, 06:18:33 PM
 #489

FYI, here is my interpretation.

Since the existing ToS includes the provision for pirate's ability to change interest rates "with notice", this latest change in interest rates does not violate the terms of the bet contract, even though it did not itself have a 30 day notice. The term "interest rates" was only used as an example of terms that may change in ToS; the list of examples was not intended to be either exhaustive or necessarily-inclusive. The point of the ToS changes section and advance notice thereof, was to make sure that users are given ample notice for any unexpected material changes.

For your easy reference, link to bet contract:
https://bitcointalk.org/index.php?topic=91661.msg1013589#msg1013589
witnessed. (from team ponzi, just to be fair)

imsaguy
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August 15, 2012, 06:19:53 PM
 #490

witnessed. (from team ponzi, just to be fair)

Hey, I thought we were being impartial? Wink

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hgmichna
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August 15, 2012, 06:32:59 PM
 #491

Funny how people talk so much but won't bet on it...

http://betsofbitco.in/item?id=537

This bet is a hundred times heavier:

http://betsofbitco.in/item?id=433
John (John K.)
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August 15, 2012, 06:42:32 PM
 #492

FYI, here is my interpretation.

Since the existing ToS includes the provision for pirate's ability to change interest rates "with notice", this latest change in interest rates does not violate the terms of the bet contract, even though it did not itself have a 30 day notice. The term "interest rates" was only used as an example of terms that may change in ToS; the list of examples was not intended to be either exhaustive or necessarily-inclusive. The point of the ToS changes section and advance notice thereof, was to make sure that users are given ample notice for any unexpected material changes.

For your easy reference, link to bet contract:
https://bitcointalk.org/index.php?topic=91661.msg1013589#msg1013589
Witnessed again, from team impartial.  Wink

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hgmichna
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August 15, 2012, 06:44:55 PM
 #493

FYI, here is my interpretation.

Since the existing ToS includes the provision for pirate's ability to change interest rates "with notice", this latest change in interest rates does not violate the terms of the bet contract, even though it did not itself have a 30 day notice. The term "interest rates" was only used as an example of terms that may change in ToS; the list of examples was not intended to be either exhaustive or necessarily-inclusive. The point of the ToS changes section and advance notice thereof, was to make sure that users are given ample notice for any unexpected material changes.

For your easy reference, link to bet contract:
https://bitcointalk.org/index.php?topic=91661.msg1013589#msg1013589

Yes, makes perfect sense. Thanks!

Interest rate changes will not change the outcome of the bet anyway, because if pirateat40 lowered the rates as far as needed to make them believable, most of his "investors" would attempt to withdraw their money, which would end any Ponzi scheme.
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August 17, 2012, 09:26:02 PM
 #494

BTCS&T closing, orderly shutdown promised starting monday.

It was about time. 10.000 BTC are just about to find a new home  Smiley

And the market to become a bit more sane, I hope!
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August 17, 2012, 09:38:35 PM
 #495

If you ask me for my guess:
stick_theman
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August 17, 2012, 10:48:36 PM
 #496

If you ask me for my guess:


LOL  Would be awesome if you add a caption or a meme.  hahaha
organofcorti
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August 17, 2012, 11:20:13 PM
 #497

So if Pirate does indeed close operations in an orderly fashion the bets he will have won will make a nice retirement gift.

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dlasher
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August 18, 2012, 02:58:31 AM
 #498

So if Pirate does indeed close operations in an orderly fashion the bets he will have won will make a nice retirement gift.

Quote
The event of dissolution of the BTCST business and return of all owed funds to all account holders, also shall not be construed as a default event.

organofcorti
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August 18, 2012, 03:07:03 AM
 #499

So if Pirate does indeed close operations in an orderly fashion the bets he will have won will make a nice retirement gift.

Quote
The event of dissolution of the BTCST business and return of all owed funds to all account holders, also shall not be construed as a default event.



Exactly.

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Fluttershy
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August 19, 2012, 04:23:05 AM
 #500

If you ask me for my guess:

Thanks for letting me know you're devoid of humor and needs to be ignored.

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You hope so.

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