Topic: buy a piece of my bet with Matt, get 50% return if we win and he pays (Read 2011 times)

Speaking of meta..

I'm willing to give really really good odds that if Matt pays Micon then Micon will pay anyone who takes this bet.

Can anyone say collateralized debt obligation? This shit is getting meta. How long is it going to take for all of the pirate bets to unwind!?

I kicked this idea around on DD Radio yesterday, and I've decided to sell some of my Matt bet.

The Bet Thread:  https://bitcointalksearch.org/topic/im-giving-100-roi-away-to-anyone-who-thinks-pirate-is-a-fraud-101751
Bet discussion thread: https://bitcointalksearch.org/topic/discussion-about-10000btc-bet-official-102918
Bet spreadsheet showing all bets vs. Matt:  https://docs.google.com/spreadsheet/ccc?key=0Ajtx05YrHtIydFVHcGxLOExTbnhqajJLZmlSZUNtM3c#gid=0

It's going to work like this:

-- You are betting that I win the bet AND that matt pays me
-- If Matt pays me, your bet wins
-- I am paying 1.5-1 for this bet, i.e. if you send me 10 BTC, and we win, I will send you back 15 BTC.
-- I am offering you 1/2 the odds I have on the bet with Matt.  Obviously if you bet with Matt directly you will get 2x better odds than betting with me, but you would avoid a situation where Matt paid me and a handful of others, but left some people unpaid - you are directly betting that I paid - i.e. you are directly buying a portion of my exact bet with Matt.
-- You must send coins to me first, i.e. you must post with me to bet.   Please do not send coins until I confirm the bet.  You will have 5 hours to send the coins after I confirm. 
-- I reserve the right to cut this off at any time.

While I am 99.999+% confident that I will win the bet,  I'm not 100% sure that Matt will pay, and while I would like to believe he will, I'm taking this opportunity to minimize my risk of him not.  I plan on only selling 100-200 or so of this bet, and keeping the bulk of the exposure myself. 

IN ORDER TO PROPOSE A BET TO ME, PLEASE POST:

amount
Hash to send winnings if Matt pays me
optional comment

IT SHOULD LOOK LIKE THIS:



*** Please do not send any coins until I confirm your bet ***

If I do confirm yours, please send coins here:

15y1oNb6FT3qYMt41PEUzzJFsoQ9Ha8tXL


Thanks and GL all!

I`m curious, what will happen if Matt does not pay?
Micon will keep the funds?

Can anyone say collateralized debt obligation? This shit is getting meta. How long is it going to take for all of the pirate bets to unwind!?

Anyone who takes this bet will have been duped.

While I am 99.999+% confident that I will win the bet,  I'm not 100% sure that Matt will pay, and while I would like to believe he will, I'm taking this opportunity to minimize my risk of him not.  I plan on only selling 100-200 or so of this bet, and keeping the bulk of the exposure myself. 

what a scammy bet.... Just when I thought Micon only cared about the best interests of the community... (riiiight)

remember when you were arguing with me that a Ponzi scheme wasn't a Ponzi?

says the co-conspirator that ran a Pirate Pass-though  https://bitcointalk.org/index.php?topic=75738.0  

clearly ShadowAlexey has no more clout when it comes to Bitcoin

remember when you were arguing with me that a Ponzi scheme wasn't a Ponzi?

So you don't expect Matt to pay and want for a bigger fool to pay you.

facepalm.jpg

So I have 2 choices (suppose Pirate doesn't pay back):

a) Tell Matt I will pay 10 BTC, get 20 BTC back from Matt, with the risk of him not paying (and me losing nothing)

or

b) Pay 10 BTC to you (risking never to hear from you again), getting 15 back from you (with the risk of him not paying + the risk of you not paying, and me losing 10 BTC)

So that's 3+ times the risk for 50% of the value.


Correct me when wrong...

One of the most irrational investments)
Think multiple times before sending him funds...
Sounds like ponzi scam...

How are we supposed to trust you with payout.