Topic: Discussion about 10,000BTC Bet (Official) - page 28. (Read 104460 times)

Its the 9th in South Korea.  Matt needs to pay up.

I hope Matthew didn't forget that, regardless of whether he was serious about paying, or whether this was just some stunt to teach people a lesson, his actions goaded a bunch of other "innocent" bystander pirate supporters to make side bets similar to Matthew's. So even if he doesn't pay out, those other people who had little to do with him will also be getting screwed in the process.

Also, I'm disappointed that, for taking Matthew's bet (albeit only for 20BTC, since I'd feel guilty taking any more from him), I am apparently also lumped in with the troll group that should be "destroyed."

So the rest of you can keep track:

http://www.timeanddate.com/worldclock/city.html?n=235

Matthew:

Since there are so many haters on this board, would you please lock this topic and announce a move of all further discussions regarding this bet to an IRC channel (something like #MTENK) where you could post increasingly-infrequent cryptic updates and then finally just disappear altogether?

Oh the irony of the keyboard warriors waiting 2 weeks and 6 days to research their bets hot off the heels of barking at others for investing in pirate. 

the bet ends 3 weeks after August 19, 2012, 04:49:20 PM, so that means it ends on September 9th, 2012, 04:49:20 PM KST (Korean Standard Time, local to me).

Even the slightest hint of a collusion with pirate, and no one will pay, its an unfair bet.

I think Matt may have had every intention of paying at first, but it grew out of hand, and now hes just going to see how high the community will push it...hell end up taking his scammer tags and say it was a lesson to teach us all about being greedy and how easy it is to be scammed. The irony being that no one got scammed, b/c very few expect him to pay.

I could be way off base, but that's what I think is happening here.

Hummmm, is this kind of format trickery in place in the original wording of the bet, wherever that is now?

Don't think pirate will payout as promised?
If you truly believe that Pirate is a scam/ponzi, then this is a no-brainer easy money for you.

Post in this thread how much you're committing and I will double that amount you commit (maximum of 10,000BTC in bets allowed in this thread total) if Pirate does not pay out in 3 weeks as he described in his thread.

To make your bets easier to read, please stick to the following format:

The above post would be betting 20BTC that he in fact is not going to payout as described. If I lose the bet, you get 20BTC sent to that address. If you lose, you'll need to send 20BTC to my address.

Anyone (including myself) who renigs on their bets will be labeled a scammer on the forums. Theymos will retain the IP addresses of everyone who has committed here and as you are marked a scammer for not paying, you will also be reported to the bitcoin police and tracked. For this reason, it is important that you do not bet more than you can afford to lose. Considering the high probability of fraud from newbie sockpuppets, only established 100+ post users will be allowed to participate.

The minimum commitment is 0.1BTC. The maximum is 100BTC per person.

Disclaimer: Although I think pirate is a high risk venture due to a complete lack of transparency on his part, I am sorely reminded that the forum needs to be taught a lesson when it comes to crying wolf on things without evidence. It's getting sickening. "SCAM! SCAM! SCAM!". So put your money where your mouth and bet for a better bitcoin forum/community overall.


For the record, the address to remit your funds to if you indeed lose is 13dSK4663Ts7j2PwHS1eUVjycKLBwx7PJM

Thank you and good luck!

I reserve the right to lock this thread and stop accepting additional bets at any time. All existing bets in the thread will still be honored regardless.

After much consideration, I’ve decided to close down Bitcoin Savings & Trust.  

Why?
The decision was based on the general size and overall time required to manage the transactions.  As the fund grew there were larger and larger coin movements which put strain on my reserve accounts and ultimately caused delays on withdraws and the inability to fund orders within my system.  On the 14th I made a final attempt to relieve pressure off the system by reducing the rates I offered for deposits.  In a perfect world this would allow me to hold more coins in reserve outside the system, but instead it only exponentially increased the amount of withdrawals overnight causing mass panic from many of my lenders.

So now what?
I’ve spoken with my clients over the last week and come to an agreement that would allow me to close down my operation within a week.  Currently my reserve (operating wallets) are drained from fulfilling the withdraw spree that happened after the rate drop announcement.  All withdraws at this point will be delayed until Monday when the shutdown process begins..  

At this point I will no longer accept deposits.  Any coins sent into the system as of now will be returned immediately.

When will I get my coins?
Starting Monday I’ll begin systematically closing and withdrawing accounts as coins are transferred.  I don't expect the entire process to last longer than a week. The moment your account is closed you’ll receive your coins plus any interest accrued up to the hour it was sent.

Thanks
I’d like to thank all of my lenders and PPT operators that were a key element in making Bitcoin Savings & Trust a success.  Bitcoin has grown a lot since I started this and want you to know that you were a vital part in helping it grow.

Now, I have a lot of work to do. Stay Tuned

-pirate

BTW, this is all bitlane’s fault.  (j/k you nut)

is there a last chance to raise my amount to 1000.420 BTC ?