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Topic: I'm giving 100% ROI away to anyone who thinks pirate is a fraud - page 55. (Read 102982 times)

hero member
Activity: 504
Merit: 500
Okay I think I am retarded, I bet 1 BTC..... If pirate@40 doesn't pay out everyone by whatever date.... then I get 200% more BTC? Cheesy
You get 1 BTC from Matthew in that case.

The title confused me too; I'm used to fraction odds!

Sorry, I'm really not used to this. What should the title be?

If you are betting twice as much as the other party 1:2 odds (that is waht you are doing right? if someone bets 1 BTC you pay 2 BTC if you lose, otherwise the title is really confusing)
No, because he is not collecting the bets, if someone bets 1btc and wins, he sends 1btc, that person now has 2btc, 200%)
hero member
Activity: 1078
Merit: 502
Title should read: "100% Bet Payout if Pirate Fails" or something... 200% does not compute Tongue


edit: I am more neutral, but why not get in on some of the fun around here?
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
At this point (imo) paying out does not make this enterprize anything short of a ponzi. Prove me wrong, please.

Under normal circumstances, that would be true, however given the large amount of money we're talking about that he has collected, it would be quite impossible for him to pay out his rates and still be considered a ponzi. Anyway, this is not a discussion thread for more people to share "opinions". There are plenty of those elsewhere. This is a thread for wolf cryers to pay the tax for spamming their baseless accusations, and Pirate is still the only one who can prove you wrong.

On that note, if you're positive he is a ponzi, you'd be silly not to make some easy money off of me by betting. If you're neutral on it, good for you. That's where you should be.
legendary
Activity: 2324
Merit: 1125
Okay I think I am retarded, I bet 1 BTC..... If pirate@40 doesn't pay out everyone by whatever date.... then I get 200% more BTC? Cheesy
You get 1 BTC from Matthew in that case.

The title confused me too; I'm used to fraction odds!

Sorry, I'm really not used to this. What should the title be?

If you are betting twice as much as the other party 1:2 odds (that is waht you are doing right? if someone bets 1 BTC you pay 2 BTC if you lose, otherwise the title is really confusing)
legendary
Activity: 1792
Merit: 1000
At this point (imo) paying out does not make this enterprize anything short of a ponzi. Prove me wrong, please.
If he's been operating a ponzi for 8 months and paying out interest from the deposits, where would he make up the short fall from in order to return the funds?

hero member
Activity: 504
Merit: 500
Okay I think I am retarded, I bet 1 BTC..... If pirate@40 doesn't pay out everyone by whatever date.... then I get 200% more BTC? Cheesy
You get 1 BTC from Matthew in that case.

The title confused me too; I'm used to fraction odds!

Sorry, I'm really not used to this. What should the title be?
200% is right, but they are not taking into account that they are holding half of that 200% instead of paying it for the bet before hand.
hero member
Activity: 504
Merit: 500
At this point (imo) paying out does not make this enterprize anything short of a ponzi. Prove me wrong, please.
err, what?
In a ponzi "payout" is impossible
If you mean because he is using the funds FOR WHAT HE BORROWED THEM FOR... no, no that is not a ponzi
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
Okay I think I am retarded, I bet 1 BTC..... If pirate@40 doesn't pay out everyone by whatever date.... then I get 200% more BTC? Cheesy
You get 1 BTC from Matthew in that case.

The title confused me too; I'm used to fraction odds!

Sorry, I'm really not used to this. What should the title be?
hero member
Activity: 910
Merit: 1000
Items flashing here available at btctrinkets.com
At this point (imo) paying out does not make this enterprize anything short of a ponzi. Prove me wrong, please.
legendary
Activity: 1792
Merit: 1000
Okay I think I am retarded, I bet 1 BTC..... If pirate@40 doesn't pay out everyone by whatever date.... then I get 200% more BTC? Cheesy
You get 1 BTC from Matthew in that case.

The title confused me too; I'm used to fraction odds!
hero member
Activity: 1078
Merit: 502
Okay I think I am retarded, I bet 1 BTC..... If pirate@40 doesn't pay out everyone by whatever date.... then I get 200% more BTC? Cheesy
legendary
Activity: 1792
Merit: 1000
Considering the high probability of fraud from newbie sockpuppets, only established 100+ post users will be allowed to participate.

Fair enough. Would you be willing to accept bets from newbies if we pay our stake upfront. In the event of default you return double?

No risk to yourself, and everyone can check in the blockchain to show that you made good on every lost bet.
I'll do this free of charge if you like - send me the BTC and I'll send it straight to Matthew.
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
Considering the high probability of fraud from newbie sockpuppets, only established 100+ post users will be allowed to participate.

Fair enough. Would you be willing to accept bets from newbies if we pay our stake upfront. In the event of default you return double?

No risk to yourself, and everyone can check in the blockchain to show that you made good on every lost bet.

Yes, but only if you go through someone else, because I cannot change the rules mid-game like this or I'd never hear the end of it. I should have thought of a better method in the beginning. My bad.
hero member
Activity: 924
Merit: 502
Considering the high probability of fraud from newbie sockpuppets, only established 100+ post users will be allowed to participate.

Fair enough. Would you be willing to accept bets from newbies if we pay our stake upfront. In the event of default you return double?

No risk to yourself, and everyone can check in the blockchain to show that you made good on every lost bet.
legendary
Activity: 1792
Merit: 1000
hero member
Activity: 812
Merit: 1001
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Well... on 18th there will be a BBQ in Sheffield and the Chief will accept BTC tips.

donator
Activity: 826
Merit: 1060
100BTC
18pChH7Mf8DjP5Vxxva8R4UxRT22eMZd2j
Reckless? Matthew?

BTW, Ribuck, are you coming to London in September? I just hope that one of you will pay the winner 100 BTC there and I'll get myself a free dinner or beer by virtue of being close by.
Vladimir, I would be delighted to buy you a dinner or beer*, however I don't think I can get to London for the conference. Any other weekend I would be there, but I have a guest visiting that weekend.

*provided the restaurant or bar accepts bitcoins
hero member
Activity: 784
Merit: 1000
0xFB0D8D1534241423
I'll proxy bets for 10%
legendary
Activity: 1896
Merit: 1353
You can -easily- beat psy by offering 51% of the winnings. el_rlee's proposed fee is 10%. I think you might have misunderstood.

no,I was just being ironical, given the enormous fee proposed by psy  Smiley
I am not interested in doing that
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