Discussion about 10,000BTC Bet (Official) - page 56.

unclescrooge

hero member

Activity: 868

Merit: 1000

Quote from: JoelKatz on August 31, 2012, 07:51:52 AM

Quote from: myrkul on August 31, 2012, 07:24:00 AM

I disagree. It's that reliance that lost you money. A bet is a risk. You should never rely on a risk paying off.

The reliance is a direct consequence of the bet. Whether or not you "should" do it is irrelevant. The fact is that many people did do and did it as a direct result of the bet.

No. Everyone is responsible for his own acts.

Matthew never forced anyone to not sell his pirate debt or buy pirate debt to "hedge" the bet.

What you're saying is the road to collectivism, to serfdom, this idea that one can blame others for his own mistakes.

JoelKatz

legendary

Activity: 1596

Merit: 1012

Democracy is vulnerable to a 51% attack.

Quote from: myrkul on August 31, 2012, 07:24:00 AM

I disagree. It's that reliance that lost you money. A bet is a risk. You should never rely on a risk paying off.

The reliance is a direct consequence of the bet. Whether or not you "should" do it is irrelevant. The fact is that many people did do and did it as a direct result of the bet.

organofcorti

donator

Activity: 2058

Merit: 1007

Poor impulse control.

I think the most likely explanation is that Matthew has a coup d'etat planned for South Korea on 9th September. He'll have enough access to coins to pay off his bets, and enough power to not bother doing so.

ribuck

donator

Activity: 826

Merit: 1060

There's plenty of opportunity for surprises between now and September 9th.

Here's one unlikely but not impossible scenario: Suppose Pirate has another similar operation going within another community. He could use funds from there to pay off this operation at the last moment.

myrkul

hero member

Activity: 532

Merit: 500

FIAT LIBERTAS RVAT CAELVM

Quote from: JoelKatz on August 31, 2012, 07:03:58 AM

Quote from: myrkul on August 30, 2012, 08:44:41 PM

But your bet with Matthew will lose you no money if he skips out on paying, you'll still have the money you "risked", just not the amount he promised you.

That's simply not true. If you relied on the bet and suffered a loss due to that reliance, then the bet lost you money.

I disagree. It's that reliance that lost you money. A bet is a risk. You should never rely on a risk paying off.

bitlane

sr. member

Activity: 462

Merit: 250

I heart thebaron

Well, if Matthew was a true Gangsta......he would have made the date September 11th and not September 9th.....

Way to miss out on an opportunity for infamy.

JoelKatz

legendary

Activity: 1596

Merit: 1012

Democracy is vulnerable to a 51% attack.

Quote from: myrkul on August 30, 2012, 08:44:41 PM

But your bet with Matthew will lose you no money if he skips out on paying, you'll still have the money you "risked", just not the amount he promised you.

That's simply not true. If you relied on the bet and suffered a loss due to that reliance, then the bet lost you money.

The_Duke

sr. member

Activity: 252

Merit: 250

Lead Core BitKitty Developer

Quote from: Matthew N. Wright on August 31, 2012, 03:14:05 AM

He's been a bit off-the-mark lately.

Seems you understood that right off-the-bet! Wink

Matthew N. Wright

hero member

Activity: 588

Merit: 500

Hero VIP ultra official trusted super staff puppet

Quote from: repentance on August 31, 2012, 03:11:31 AM

Quote from: Come-from-Beyond on August 31, 2012, 02:03:17 AM

Aye. And shortly after that Mattew changed his avatar slogan from "Editor-in-Chief" to "Crusader of the Internet".

I thought Phin was the self-appointed Crusader of the Internet (or Bitcoin, at least).

He's been a bit off-the-mark lately.

repentance

hero member

Activity: 868

Merit: 1000

Quote from: Come-from-Beyond on August 31, 2012, 02:03:17 AM

Aye. And shortly after that Mattew changed his avatar slogan from "Editor-in-Chief" to "Crusader of the Internet".

I thought Phin was the self-appointed Crusader of the Internet (or Bitcoin, at least).

Hexadecibel

vip

Activity: 571

Merit: 504

I still <3 u Satoshi

Quote from: bittenbob on August 31, 2012, 01:15:45 AM

Quote from: bitcoiners on August 30, 2012, 07:33:48 PM

Quote from: PinkyPie on August 30, 2012, 07:33:15 PM

I have to say, after seeing how matthew behaves on IRC and the forums I look at Bitcoin magazine differently...

He should just make a sock puppet account if he wants to act so unprofessional.

Im actually embarrassed for the members of that rag. I wonder why no one has reined him in...

Same.

I guess you didn't see Vladimir's post a few pages back. Bitcoin Magazine does not condone nor have any involvement with Matthew's bet.

No I saw it. Just as an analogy, my son does not represent our entire family, but that does not mean he can graffiti the school without it reflecting on us.

The fact that the Magazine does not condone the things Matthew does or says in these forums does not change the image he generates, and it is probably costing them magazine sales.
So yes, I am embarrassed for him and the rest of the company.

Quote

Aye. And shortly after that Mattew changed his avatar slogan from "Editor-in-Chief" to "Crusader of the Internet".

Ah, I did not catch that. That's a step in the right direction.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1009

Newbie

Quote from: bittenbob on August 31, 2012, 01:15:45 AM

Quote from: bitcoiners on August 30, 2012, 07:33:48 PM

Quote from: PinkyPie on August 30, 2012, 07:33:15 PM

I have to say, after seeing how matthew behaves on IRC and the forums I look at Bitcoin magazine differently...

He should just make a sock puppet account if he wants to act so unprofessional.

Im actually embarrassed for the members of that rag. I wonder why no one has reined him in...

Same.

I guess you didn't see Vladimir's post a few pages back. Bitcoin Magazine does not condone nor have any involvement with Matthew's bet.

Aye. And shortly after that Mattew changed his avatar slogan from "Editor-in-Chief" to "Crusader of the Internet".

bittenbob

hero member

Activity: 560

Merit: 500

Quote from: bitcoiners on August 30, 2012, 07:33:48 PM

Quote from: PinkyPie on August 30, 2012, 07:33:15 PM

I have to say, after seeing how matthew behaves on IRC and the forums I look at Bitcoin magazine differently...

He should just make a sock puppet account if he wants to act so unprofessional.

Im actually embarrassed for the members of that rag. I wonder why no one has reined him in...

Same.

I guess you didn't see Vladimir's post a few pages back. Bitcoin Magazine does not condone nor have any involvement with Matthew's bet.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1009

Newbie

Quote from: ?? on ??

Quote from: Matthew N. Wright on August 29, 2012, 09:22:34 AM

5. Matthew wins the bet, gives the money back because he's awesome like that. Cool

I have a strong gut feeling that this is what is going to happen. Matt and Pirate are somehow in this together, and decided to put on a huge show by faking a default notice and waiting for all the papers to smear it as a ponzi scheme. Then he repays...

Seems to me u still believe in miraculous "7% per week". This is quite funny.

myrkul

hero member

Activity: 532

Merit: 500

FIAT LIBERTAS RVAT CAELVM

Quote from: bitcoiners on August 30, 2012, 08:35:21 PM

Quote from: myrkul on August 30, 2012, 08:29:35 PM

Quote from: JoelKatz on August 30, 2012, 08:20:22 PM

Quote from: myrkul on August 30, 2012, 07:27:39 PM

Even if he doesn't pay, no money is lost. None is gained, but that's not a loss. Nobody's actually risking anything here. (Except their reputations)

You are incorrect. Money will be lost. There are people who made financial decisions based on Matthew's bet acting as a hedge against their possible Pirate losses.

Now that's a good point (as I've come to expect from you). But if you make financial decisions based on a bet, I have no sympathy. A bet is not a hedge, it's another risk.

It's not a financial decision. It's a gamble.

Exactly. You made other gambles based on your gambling here, and if you lose those bets, you're out money.

But your bet with Matthew will lose you no money if he skips out on paying, you'll still have the money you "risked", just not the amount he promised you.

If your Bitcoins are not in your control, they're not your Bitcoins.

F'king recursive bets.

bitcoiners

sr. member

Activity: 322

Merit: 250

Quote from: myrkul on August 30, 2012, 08:29:35 PM

Quote from: JoelKatz on August 30, 2012, 08:20:22 PM

Quote from: myrkul on August 30, 2012, 07:27:39 PM

Even if he doesn't pay, no money is lost. None is gained, but that's not a loss. Nobody's actually risking anything here. (Except their reputations)

You are incorrect. Money will be lost. There are people who made financial decisions based on Matthew's bet acting as a hedge against their possible Pirate losses.

Now that's a good point (as I've come to expect from you). But if you make financial decisions based on a bet, I have no sympathy. A bet is not a hedge, it's another risk.

It's not a financial decision. It's a gamble.

This bet has cost me money if both default. I was proving you wrong. I want no sympathy. I've already said what my concern is. Whether these are fugazi BTC being bet. Like I said I wasn't worried before. I've just been reading a lot of things on Matthew since this bet that have me wondering.

This is a thread about discussion on the bet right?

Edit: And yes, Matthew has promoted this bet as a way to hedge for a pirate default. It could cost original "investors" of btcst BTC as well, as JoelKatz has pointed out.

myrkul

hero member

Activity: 532

Merit: 500

FIAT LIBERTAS RVAT CAELVM

Quote from: Hexadecibel on August 30, 2012, 08:19:03 PM

my sock puppet Wink

Ah. right idea, wrong Brony. Cheesy

Matthew N. Wright

hero member

Activity: 588

Merit: 500

Hero VIP ultra official trusted super staff puppet

Quote from: bitcoiners on August 30, 2012, 08:29:08 PM

I've bought pirate debt to hedge this bet.

Talk about irresponsible. Roll Eyes

myrkul

hero member

Activity: 532

Merit: 500

FIAT LIBERTAS RVAT CAELVM

Quote from: JoelKatz on August 30, 2012, 08:20:22 PM

Quote from: myrkul on August 30, 2012, 07:27:39 PM

Even if he doesn't pay, no money is lost. None is gained, but that's not a loss. Nobody's actually risking anything here. (Except their reputations)

You are incorrect. Money will be lost. There are people who made financial decisions based on Matthew's bet acting as a hedge against their possible Pirate losses.

Now that's a good point (as I've come to expect from you). But if you make financial decisions based on a bet, I have no sympathy. A bet is not a hedge, it's another risk.

bitcoiners

sr. member

Activity: 322

Merit: 250

Quote from: myrkul on August 30, 2012, 07:27:39 PM

Quote from: bitcoiners on August 30, 2012, 07:22:59 PM

Quote from: P4man on August 30, 2012, 05:57:56 PM

Matthew isnt going to pay, period. Either something extremely unlikely happens or he will wear his scammer tag with pride.

So he burns pirate investors twice. What a nice guy.

Even if he doesn't pay, no money is lost. None is gained, but that's not a loss. Nobody's actually risking anything here. (Except their reputations)

Lol, what a simpleton way of looking at it. Yes money will be lost. I've bought pirate debt to hedge this bet. I would be in the hole from this if both default. I am also thinking about taking out insurance. Don't know yet. That will cost me. So yes, money will be lost.

Topic: Discussion about 10,000BTC Bet (Official) - page 56. (Read 104454 times)