Topic: I'm offering 100% ROI to anyone who thinks I don't have 10,000BTC to pay out. (Read 6063 times)

Awesome Matthew to the rescue! God Damn this kid is the shit!

But your bet doesn't state what happens to the looser.  What does the "20 BTC" mean?  What is that sequence of numbers?  Is the string "optional comment" part of the format?  Also it doesn't state how you loose.

Also when will you make good on your previous bet?

Did I win?

Of course all the action is in here, where everyone screams "SCAMMER, I'M NOT SENDING YOU MONEY"

How about just proving you weren't going to collect on the previous bet if you had won!  I don't care if you have the money or not.  The only lesson I learned is that Pirate wasn't the only scammer, and your words are worthless.  This is the only proof I want.  And no I am not paying for it.  (The meaning of "this" will be determined by myself at a later date.)

How do you even think that your "joke" would teach people to not point out scams, or to not harass people?  Oh. You scam them!  Brilliant!  "Haha, I scammed you.  Now don't you see that you shouldn't have said that pirateat40 wouldn't pay his debts?" 

No sir, I didn't.  I should have listened to people that said you wouldn't pay.

Greatest. Post. In a long time!
You show the beauty in math and statistics, thank you for that!

Ente

More subtly, if he does receive 1000 BTC in bets he can just offer 500 BTC of that to someone that does actually have 10k BTC in exchange for them helping him to pretend that the 10k BTC is his. Additionally, if he doesn't have the 10k BTC then he's going to get marked as a scammer anyway for failing to pay out that bet and has no incentive to pay out a single satoshi of the bets as to whether he has 10k BTC. It would be incredibly foolish for anyone to take Matthew up on this bet.

Was this supposed to be in this thread or the pirate bet thread?

Oh lawd. 20 000 btc.

or Bit-con / Bet-con?

Hmm. Betception.

He hasn't proved that he has it.  He's backed up his bet with no action whatsoever, other than proclaiming that he'll prove his ability to pay "when the time is right" and he hasn't proven his willingness to pay by going through an escrow.  His end of the bet strains credulity; the individual ends betting 10 or 20 BTC at a time don't.  Or am I missing something?

So this is how you're going to finance your bet.

I don't know what this is about, but if there is free money I'll have some:
1Cga9Zi4tHiY99z1UT1yuuXAq2uqdJB6ow

22:36 <@pirateat40> Update: I'm serious hard pressed for time to win a side-line bet on my payout.  I'm working as fast as I possibly can and will update you "IN THIS CHANNEL" when things really start to move

Player A: I'll bet you $10,000 that I have $100,000 in my bank account.
Player B: Ok, I'll take that bet
Player A: You win, I don't have any money.
Player B: Where is my money?
Player A: I will bet you $1,000 that I have $10,000 in my bank account.
Player B: Ok, I'll take that bet......

It's absurd bets all the way down.

Oh god, you made my day

If Matthew used a bet-chain where the lowest bet covered the next lowest bet in the chain as follows:

1000
2000
4000
8000
16000
32000
64000
128000

then by proving he had 1000 btc he would eventually be able win all bets (assuming all bettors paid up). He could start even lower if he didn't have 1000 btc.

I think these bets are a blatant attempt to use logic to earn money, something which rarely happens outside of sci fi movies and should not be condoned.

Thanks Matthew. I am more than happy to pay you if I loose.  which I cant buy the way, as I just made a side bet with a friend and he is so sure that pirate will not pay that he has given me 3/1 on a $75 bet so I now will win even more if he does end up paying 

Yes, I fully planned on proving it, I just like screwing with trolls. I'll prove it when it's time. Right now it's just a few scattered people who hate me already asking for proof. Why would I give them what they want? It's better to bet against them that I do in fact have it and make some money off of their trolling, don't you think?

The side bet btw is just a statement to trolls. Feel free to ignore it as I doubt anyone is going to participate in it anyway, and I will be proving I have the funds in due time. Cheers.

Matthew if you do win the bet and cant prove that you have the money I would urge no one to pay you and that you be labeled a scammer. You not having the money for the bet in the first place would make the bet invalid. I trust that you most likely do have the money that is why I took the bet, but I suggest you do prove it if you win or there will be a lot of angry people that will not pay you. I can prove I can cover my bet, I suggest you do the same or I will label you a scammer and so should everyone that has taken your bet.

PS - you asking for bets on weather you actually have the money is just stupid. If it turned out that you did not have the money it is a loose, loose. Only a fricking idiot would take that bet because if they won you would not pay anyway.

Clearly, this bet as well as every bet down the meta-bet chain will terminate upon completion of a higher-level bet. In this case, that would be the 10k BTC Pirate bet.

Well actually Matthew is backing up his words with action - with money. Someone who is willing to back words with money can talk as much as they want, in my book.

I salute your initiative here, Matthew. I hope you don't lose $100,000

Me neither. Let's you and I go play NL Holdem. I'll even let you deal.

~CB~

guys guys my dick is bigger than pirate's pay attention to me instead

This bet is not about MNW's willingness to pay--that must be taken on faith.  It's about his ability to pay, for which controlling the funds is EVERYTHING.

Now, it's conceivable that he has access to some large account associated with, for example, Bitcoin Magazine, which he could use to claim that he has the 10K BTC, but I'm sure that the people who own that account (Bitcoin Magazine in this example) would be QUITE averse to him doing this, and I doubt that he has any connection that he would risk for this... that said, 10K BTC is a lot of money and people will do a lot of dumb stuff for a lot of money.  Personally, I believe he has the money, but is just having too much fun trolling detractors.  The moment of truth will be when the original bet ends.

That said, though, will this bet end only upon the collection of 1000BTC of bets, or is there some cutoff time when it will be terminated?  I don't claim that MNW doesn't have the money, but it would be reassuring to know that he does.

You are wrong. In order to sign the message, one must have the private key, which in turn means the ability to spend the funds. Unless you're insinuating that he's paying someone off...

not touching this 1

Signing a message with a private key doesn't prove anything.
Controlling funds doesn't mean they're yours to spend.

I'm so sad that I missed out on the earlier bet... if you open it up again let me know. 

Good point. That is not the official betting format though.

Edit: still lacking bitcoins, I was assuming that was about signing the bets, not proving access to funds.

Guyz... guyz. Signmessage!

lol... nice

"I'm offering 100% ROI to anyone who thinks I don't have 0 BTC to pay out."

Skepticism is healthy in an anonymous irreversible currency. No idea what you're trying to prove here. I'm really so confused. So much irrational action. My best theory is you're young and dumb. I was there once myself

Can you prove you even have 1BTC to pay out?  Maybe time to make a 100% ROI bet thread for 0.1BTC  

I'm just waiting for you to say you'll delay payouts to those who bet and bother you.  "I'll make sure you're at the end of the line..." you'll say.  It will be a show indeed.  A familiar one...  But still a good show.

That's why the post you quoted says to create an address with 0 zero in, then transfer 10K into it

When it's time, it will be obvious. Not before, and not because people bother me about it. I like to make an impression (if you didn't notice). It's both entertaining and helps people open their mind to more possibilities. Just telling them something right off the bat doesn't work anymore. You have to make them spend their time and energy crusading against it before you prove it's not harmful.

He'd have to pick an address with 0 and then just hope it later accumulates 10k if it isn't his.  It isn't the best way to prove it, but it works.

OK then.  That's part of the reason they didn't bet when they could.

Also, did you forget about my other question?

You said you could prove you have the funds.  You're silence regarding whether or not you will is telling....

Uhh. Betting is closed silly. The full amount has already been bet.

That doesn't really prove it's your address. You can in theory just pick an address with 10k in it.

"I can prove I have the funds, as I've said numerous times, it takes effort to move the funds where I want them just to prove"

How much time?

"it is only -non-betters who seem worried"

Protip - That's part of the reason they're not betting.

Your fears are justified. I am not intending to troll -you- then, just the people adamant that I don't have the funds to back it up. Your concerns are respected and I apologize for confusing you with people who just talk shit about me (it's becoming noisy around here). I can prove I have the funds, as I've said numerous times, it takes effort to move the funds where I want them just to prove, and it's not instant, so aside from yourself, if any other individual who is obviously trolling, wants to make a statement such as "I KNOW FOR SURE HE DOESN"T HAVE THEM. HE'S A SCAMMER", that's what this thread is for-- imposing a stupid tax on them.

Furthermore, none of the betters have bothered to ask me to prove it when betting, it is only -non-betters who seem worried. Why would I jump because people say to who aren't even the invested parties? This is where your lack of imagination is clear. You assume too much.

I don't care a whole lot... but I do care a little bit about this pirate thing because I think it affects the $ I can sell my BTC for.  So this pirate mess begins and out comes this wacky 10k BTC bet.

Ordinarily, when you make a bet with someone... both parties show their money.  That isn't how this 10k BTC bet works though.

Little new users make their bets.  10 BTC here, 20 BTC there.  And before you know it, 1000 people have little bets that they will pay out if they lose.  Further, if asked, most of them would show their ability to pay by signing an address.

But not Matthew.  He flatly refuses.  So there are various ways this will play out.

Matthew wins the bet and the little guys pay him.

Matthew loses the bet and he pays.  Great...  That still wouldn't answer why he is unable to show NOW that he has 10,000 BTC.

Matthew loses the bet and doesn't pay.  This means he was either unwilling or unable to pay.  The unwilling part is always an unknown unless you're dealing with an escrow.  The winning party is often at risk of the losing party refusing to pay, but this is one of the few times the potential winners are at risk of the losing party being UNABLE to pay.  Whether he is unwilling or unable doesn't change the press after he defaults.

"Large Crypto-currency better defaults... Once again proof you can't trust Bitcoin or the people associated with it..."

It hurts the community a little and it's totally unnecessary.

This thread is for people who believe I don't have the money. Please ignore it otherwise.

I really don't give a shit if you have the money or not, you just run your mouth endlessly. 

Less talk, more action. Who here thinks I can't prove I have the funds? Free money!

Last time I checked the first bet has not even been settled yet......how was one to learn a lesson from something that is still undetermined? 

This whole thing is rapidly spiraling out of control and is descending into sheer silliness.  

@Matthew good hunting, I guess  


I have no freaking idea. I enjoy the drama surrounding it though.

3. You're all loud mouthed conspiracy theorists who refuse to learn your lesson on the first bet, so it will take additional bets to sufficiently make you start thinking before you talk.

There are two possibilities...

1 - He made a $100,000 bet and is unwilling to prove his ability to pay because he thinks it's funny.

2 - He doesn't have it and he keeps making more bets because he thinks it's funny.

Which seems more likely to you?

Why doesn't everyone just give me their free money since they're so sure of themselves that I don't have 10,000BTC? Place your bets and I'll do exactly that.

+1

I like it.  

Because that would be giving trolls what they want -for free-. I don't work for free.

EDIT: I misread what your point was. I actually -will- be doing exactly that, but only after there is enough money to be made from loudmouthed suckers who are so sure I don't have it.

Why don't you simply post some address with zero BTC on it and send 10K to it?

https://bitcointalksearch.org/topic/im-offering-100-roi-to-anyone-who-thinks-i-dont-have-1000btc-to-pay-out-103063

Missing the point like few are able.

Right, so don't bet on this thread, bet on the meta threads.

I do care if you have 10k when it comes to you paying on that bet.  But that's not the topic of this thread.

This game is kind of like when you put a card to your head and bet on who has the high card.

In this thread, you're saying you'll pay up to 1,000 BTC if you can't prove you have 10k BTC.  I'm simply skeptical of your ability to pay should people call you on your bet.  It has nothing to do with the other bet.

If you don't have anything it would be a scam of n-th level.
Maybe it is time to start a black book or a contest of the 100 Greatest Bit-Con Scams

So now all you want is me to prove I have 1,000BTC? You don't care anymore if I have 10,000BTC? Time to make a for more meta threads.


"I'm offering 100% ROI to anyone who thinks I don't have 1,000BTC to pay out."
"I'm offering 100% ROI to anyone who thinks I don't have 100BTC to pay out."
"I'm offering 100% ROI to anyone who thinks I don't have 10BTC to pay out."
"I'm offering 100% ROI to anyone who thinks I don't have 1BTC to pay out."

Prove you actually have the funds to pay me if I do.

Place your bets in the proper manner.

Matthew, you magnificent troll.  I salute you!

Anyone want to bet me that MNW won't pay out on his bet about his bet about the pony scheme?

I'm sure he's good for it!

Can you prove you have even have 1,000?

http://www.youtube.com/watch?v=o4m4wbYc08k

That's right! There are now literally hundreds of people who have missed the entire point of the Pirate bet (Don't accuse people. harass them, and pretend you know what you're talking about) and have now begun to harass me, thinking I don't have 10,000BTC and that I'm -only- risking my forum account. That's just ignorant.


So it seems I have to impose another FUD tax on the community. I will prove I have over 10,000BTC freely available to me. If you do not believe this will happen, place your bets here in the following format:


I will be accepting up to 1,000BTC in bets. When the 1,000BTC is reached, I will prove that I have over 10,000BTC to my person and you will lose the bet. If I cannot, then the entire community would know if I was going to scam them on the Pirate bet ahead of time.

Let the games begin!

P.S. Don't even think I have 1,000BTC? You should be here instead: https://bitcointalksearch.org/topic/im-offering-100-roi-to-anyone-who-thinks-i-dont-have-1000btc-to-pay-out-103063