Topic: I'm giving 100% ROI away to anyone who thinks pirate is a fraud - page 7. (Read 102982 times)

I wish life was like Gangs of New York. The dead rabbits would not stand for this!

Probably because you never sent him a 0 BTC TX.

I didn't receive a 0 btc Tx from him. I was waiting for one, but none arrived.

Asshole's Advocate: they gave him no money and received 0 * 2, which happens to be 0. Fits with his twisted line of reasoning.

I dunno.  He came back from his scam-ish 'bitmole' days to become forum staff.  I think I've only followed this forum for 16 months or so, so it didn't take any longer than that.  Matthew seems to be sort of one of those 'come-back kid' types in Bitcoin-land.  I'm not ready to count him out just yet...and neither closer nor farther away from having any dealings with him.  Maybe if he brings back the 'Bitcoin Better Business Bureau' it could drag him out of the hole he dug :^)

I'm drawn to this quote from MNW:


Did anyone who thought Pirate was a fraud receive a 100% ROI from MNW? Thought not.

I think a lot of you are correct.

1. MNW believed that Pirate would pay and he would easily win the bet.

2. Realized he was done for and figured out his "get out of jail free" card

3. Accepted a ridiculous amount of bets upwards of 80k bitcoin (to help with the allusion of not being serious)

4. Realized that he has not only ruined his name and reputation for life, the reputation of Bitcoin Magazine is now forever tarnished. I don't think he realized the true repercussion this would have on him personally and business wise..

5. Down plays the whole thing.. (Back peddling all the way like the scammer/troll that he is)

The biggest loser in all of this? Not only those that were hedging and buying up others debt,  but Bitcoin magazine. I think that they have legal action against him. He has definitely cost them money, maybe even the entire business will be ruined because of this. So, maybe Bitcoin magazine offers to pay the bet (up to the 10k) and then sues MNW for the loss, (which would be epic)..

If that were to happen, i would absolutely (as well as most others) not accept the money from bitcoin magazine, but as long as they take action agains MNW is what matters most.. I have a feeling that Bitcoin Magazine is not going to let MNW get away with this. I, as a business owner, would be doing all I could legally to re-coup the damage that he has caused...

It will be interesting to hear what the magazine decides to do......

http://www.donkdown.com/media/DDRadio-2012_08_22_19_00_07.mp3

~18 mins in

If there was humor in that interview I missed it completely.

I want my 1BTC Matthew.

Maybe he was?  How do I know if he was or not?  Maybe he saw this bet as a way to make more money while buying up debt behind the scenes?  I have no idea.

Doesn't change why I made the bet I did.

Hmmmm. Now I wonder if I put this idea into Matthew/Pirate's head?

https://bitcointalksearch.org/topic/m.1117967

First 3 posts.

Did Atlas ever try to scam people out of 10k's of Bitcoin? I don't follow his posts, so really don't know.

Sorry I didn't mean to imply 100% sure I would win.  Just that I likely (90% to 95%) would win. 
I still considered it possible that Pirate would attempt to repay investors with devalued coins.
While I doubt Pirate could pull that off on his own maybe some large third party would use that as an opportunity to crash the market for their own reasons.
So investors would get "repaid" but the buying power of the coins repaid would be less than what they invested.

That's an interesting point, it shows why he may have started taking bets again and racked up such a huge amount of bets. Makes it easy after the fact to say "It was totally a joke guys!" Hell some people here are saying that already.

He can't be a scammer he was totally just kidding  .

You got that chat log because that is insanely bizarre.

If true:
1) Pirate being an insolvent debtor really didn't have any right to buy Matt's bet.
2) Matt if he really believed the bet was a sham would have ever reason to pawn it off on Pirate.

Either there was collusion going on or at the point of that conversation Matt was taking the bet seriously.  I think people forget that 3 weeks ago PPT bonds were trading at > 50 cents on the dollar.  There was no absolute 100% belief among everyone on the forum that Pirate would not pay out.  

IMHO Matt made a bet when he thought Pirate would pay and made the decision to scam after the fact when he realized he would lose.

Not sure you thought this through. A bet you will definitely win and maybe not get paid is a very good bet.

The only reason I didn't bet more is because I really felt sorry for Matthew back then (this was early in the bet still, before he went full retard and went above 10K, actually much earlier than maxing the 10K).

But thinking about it there are many wins about this bet. You get to be a "victim" so I can have some fun and go to the Financial Services Authority in the UK, something I always wanted to try but never had the excuse to. I'm still pondering this. Also, being entitled to ask for the scammer tag etc. I'd say this bet was really good, feels better than winning a couple hundred.

Oh the irony! http://www.youtube.com/watch?v=_aiZOx7mVic

Why is everyone taking this obvious 9 day old sock puppet seriously?

If he had 200k coins and truly believed in pirate, he would have just bought pirate debt at 5% of face value.  His bet lost all credibility with me when he was accepting BTC1k+ bets at 1:1 odds when the market rate was far below that.

I in no way condone what Matthew did, but I do not feel too bad for people who booked huge bets after the bet was "closed" and there was little chance pirate would pay back.

I didn't know that.  I took a long time member, early adopter, forum staff member, bitcoin businessman, at his word.  For all I know he could be sitting on 200k in coins and just really believed in Pirate.  I didn't know it'd come to this.  

Looking forward to this book though:
"How to completely blow your credibility in less then 3 weeks by Matthew Not Wright."