Putting your money where Pirate's mouth is. - page 36.

chunglam

donator

Activity: 229

Merit: 106

Quote from: pirateat40 on July 05, 2012, 06:58:20 PM

Quote from: chunglam on July 05, 2012, 06:51:56 PM

Hi Vandroiy, could you list your bet in GLBSE so that we can join this bet? I am not a BTCST doubter, actually I have 4 digit coins in BTCST related ventures. I just want a way of insurance for my funds in BTCST, even we lose the bet they will go to charity, why not?

Quote from: Vandroiy on July 05, 2012, 06:32:56 PM

Nanotube said he has some thoughts about the exact wording and will work on that. He just wants to be sure we don't fight in the end... I wonder why! Grin

I doubt it in this case, but why not let him be safe.

I suggested we pay him 100 BTC for the escrow, so we transfer 5050 BTC each. Is that OK? I'll be back tomorrow to post the exact bet with signature and, if you like the final version, transfer the funds.

This bet is directly with me and Vandroiy's posse. I don't use GLBSE and won't. I want those that entered this bet to be known.

Yes, I know. But you can't stop him using GLBSE to collect the funds he puts into this bet.

pirateat40

sr. member

Activity: 378

Merit: 250

"Yes I am a pirate, 200 years too late."

Quote from: chunglam on July 05, 2012, 06:51:56 PM

Hi Vandroiy, could you list your bet in GLBSE so that we can join this bet? I am not a BTCST doubter, actually I have 4 digit coins in BTCST related ventures. I just want a way of insurance for my funds in BTCST, even we lose the bet they will go to charity, why not?

Quote from: Vandroiy on July 05, 2012, 06:32:56 PM

Nanotube said he has some thoughts about the exact wording and will work on that. He just wants to be sure we don't fight in the end... I wonder why! Grin

I doubt it in this case, but why not let him be safe.

I suggested we pay him 100 BTC for the escrow, so we transfer 5050 BTC each. Is that OK? I'll be back tomorrow to post the exact bet with signature and, if you like the final version, transfer the funds.

This bet is directly with me and Vandroiy's posse. I don't use GLBSE and won't. I want those that entered this bet to be known.

teek

hero member

Activity: 667

Merit: 500

this is going to get redonkulous.

chunglam

donator

Activity: 229

Merit: 106

Hi Vandroiy, could you list your bet in GLBSE so that we can join this bet? I am not a BTCST doubter, actually I have 4 digit coins in BTCST related ventures. I just want a way of insurance for my funds in BTCST, even we lose the bet they will go to charity, why not?

Quote from: Vandroiy on July 05, 2012, 06:32:56 PM

Nanotube said he has some thoughts about the exact wording and will work on that. He just wants to be sure we don't fight in the end... I wonder why! Grin

I doubt it in this case, but why not let him be safe.

I suggested we pay him 100 BTC for the escrow, so we transfer 5050 BTC each. Is that OK? I'll be back tomorrow to post the exact bet with signature and, if you like the final version, transfer the funds.

pirateat40

sr. member

Activity: 378

Merit: 250

"Yes I am a pirate, 200 years too late."

Quote from: Vandroiy on July 05, 2012, 06:32:56 PM

Nanotube said he has some thoughts about the exact wording and will work on that. He just wants to be sure we don't fight in the end... I wonder why! Grin

I doubt it in this case, but why not let him be safe.

I suggested we pay him 100 BTC for the escrow, so we transfer 5050 BTC each. Is that OK? I'll be back tomorrow to post the exact bet with signature and, if you like the final version, transfer the funds.

I'm fine with that and whoever else wants to add to the bill.

Vandroiy

legendary

Activity: 1036

Merit: 1002

Nanotube said he has some thoughts about the exact wording and will work on that. He just wants to be sure we don't fight in the end... I wonder why! Grin

I doubt it in this case, but why not let him be safe.

I suggested we pay him 100 BTC for the escrow, so we transfer 5050 BTC each. Is that OK? I'll be back tomorrow to post the exact bet with signature and, if you like the final version, transfer the funds.

Jan

legendary

Activity: 1043

Merit: 1002

Quote from: N12 on July 05, 2012, 06:07:00 PM

Quote from: pirateat40 on July 05, 2012, 04:01:23 PM

Quote from: Vandroiy on July 05, 2012, 03:55:39 PM

Quote from: pirateat40 on July 05, 2012, 02:58:44 PM

I hope you remember the day you let your emotions get the best of you.

Ready when you are.

Sure! How's this for the terms:

Both I and you (Pirateat40) place 5000 BTC each into an escrow held by Nanotube. If after 2013-10-01, that's the first of October 2013, BS&T has not defaulted on payments, Pirateat40 gets the funds. In the case of a default, I (Vandroiy) get the funds.

A default is identified by customers' funds being locked down for two consecutive weeks.

Something among these lines?

Perfect and I don't think you could have picked a better escrow. When your funds hit the escrow let me know.

I'll add 3k BTC to this, same escrow, same terms (except Vandroiy = Blitz), so I can also "put my money where my mouth is". Agree?

Time for popcorn, this is going to be interesting!

N12

donator

Activity: 1610

Merit: 1010

Quote from: pirateat40 on July 05, 2012, 04:01:23 PM

Quote from: Vandroiy on July 05, 2012, 03:55:39 PM

Quote from: pirateat40 on July 05, 2012, 02:58:44 PM

I hope you remember the day you let your emotions get the best of you.

Ready when you are.

Sure! How's this for the terms:

Both I and you (Pirateat40) place 5000 BTC each into an escrow held by Nanotube. If after 2013-10-01, that's the first of October 2013, BS&T has not defaulted on payments, Pirateat40 gets the funds. In the case of a default, I (Vandroiy) get the funds.

A default is identified by customers' funds being locked down for two consecutive weeks.

Something among these lines?

Perfect and I don't think you could have picked a better escrow. When your funds hit the escrow let me know.

I'll add 3k BTC to this, same escrow, same terms (except Vandroiy = Blitz), so I can also "put my money where my mouth is". Agree?

edit: I decided not to do it for a variety of reasons while overthinking it. Mainly, I don't wish to have a vested interest in "making" something a ponzi or making a person a criminal when I cannot have a certainty of 100%. Feels unethical. In return, since I am unwilling to put up, I will also shut up about this topic.

phantitox

sr. member

Activity: 385

Merit: 250

Quote from: ?? on ??

Quote from: pirateat40 on July 05, 2012, 11:29:46 AM

I'll go on record here and on the official bet thread created that the winnings (if I win of course) of bet will go directly to a charity of the communities choosing.

I'm a huge fan of the charities dedicated to providing clean water around the world. water.org and charitywater.org are both good. That's where I direct all friends and family for my bday/etc. gifts. It's a good balance for how insanely first world btc currently compares to the real "99%" and there's no political agenda.

Awesome, i personally make a little charity teaching computer class for 8-12 years old kids here at my city in a low-income public school and its awesome, i take my hat off and applaud if you follow your word and that money is sent to a charity. Loved It

pirateat40

sr. member

Activity: 378

Merit: 250

"Yes I am a pirate, 200 years too late."

Quote from: Vandroiy on July 05, 2012, 03:55:39 PM

Quote from: pirateat40 on July 05, 2012, 02:58:44 PM

I hope you remember the day you let your emotions get the best of you.

Ready when you are.

Sure! How's this for the terms:

Both I and you (Pirateat40) place 5000 BTC each into an escrow held by Nanotube. If after 2013-10-01, that's the first of October 2013, BS&T has not defaulted on payments, Pirateat40 gets the funds. In the case of a default, I (Vandroiy) get the funds.

A default is identified by customers' funds being locked down for two consecutive weeks.

Something among these lines?

Perfect and I don't think you could have picked a better escrow. When your funds hit the escrow let me know.

Vandroiy

legendary

Activity: 1036

Merit: 1002

Quote from: pirateat40 on July 05, 2012, 02:58:44 PM

I hope you remember the day you let your emotions get the best of you.

Ready when you are.

Sure! How's this for the terms:

Both I and you (Pirateat40) place 5000 BTC each into an escrow held by Nanotube. If after 2013-10-01, that's the first of October 2013, BS&T has not defaulted on payments, Pirateat40 gets the funds. In the case of a default, I (Vandroiy) get the funds.

A default is identified by customers' funds being locked down for two consecutive weeks.

Something among these lines?

Serge

legendary

Activity: 1050

Merit: 1000

loser should also eat his hat or something ))

pirateat40

sr. member

Activity: 378

Merit: 250

"Yes I am a pirate, 200 years too late."

Quote from: Vandroiy on July 05, 2012, 01:29:24 PM

@Pirateat40: lol you're such a dude. Aah. I'll remember you whatever happens now. Grin

I hope you remember the day you let your emotions get the best of you.

Ready when you are.

Vandroiy

legendary

Activity: 1036

Merit: 1002

nimda: yea, if you find an escrow that does that, it would be safer contract-wise.

Otherwise, here's the situation:

If we get an escrow that we trust and actually pays us in the default case, even though it is known that the funds for the bet were stolen, we join the bet. I want to add that I do not believe this is unethical, or a better solution reasonable: nobody would trust any accounting after the default, so the funds are pretty lost anyway. Also, escrow betting is not zero risk no matter how certain we are.

To not trigger the default by accident, we're sticking with 5000 BTC. If we lose -- well, then the 5k BTC charity Roll Eyes

will hopefully excuse the flamewar.

@Pirateat40: lol you're such a dude. Aah. I'll remember you whatever happens now. Grin

nimda

hero member

Activity: 784

Merit: 1000

0xFB0D8D1534241423

When do you (you being any anti-pirate person) think it's collapsing? Can I make more by betting against you than if I just gave my coins to Pirate?
How about I give 1BTC to escrow, and you give 1BTC to escrow, and the escrow pays out 0.071 per week to me, then if pirate defaults, you get the whole 1BTC from me, plus whatever's left of your capital?

organofcorti

donator

Activity: 2058

Merit: 1007

Poor impulse control.

Quote from: pirateat40 on July 05, 2012, 11:38:56 AM

Quote from: organofcorti on July 05, 2012, 11:32:33 AM

Quote from: pirateat40 on July 05, 2012, 11:29:46 AM

I'll go on record here and on the official bet thread created that the winnings (if I win of course) of bet will go directly to a charity of the communities choosing.

There's an official bet thread?

No, but Ill make one when we get the details sorted out.

I was just about to go and set up these bonds on GLBSE - I think I'll wait to see if someone's come up with an easier way to do this.

pirateat40

sr. member

Activity: 378

Merit: 250

"Yes I am a pirate, 200 years too late."

Quote from: organofcorti on July 05, 2012, 11:32:33 AM

Quote from: pirateat40 on July 05, 2012, 11:29:46 AM

I'll go on record here and on the official bet thread created that the winnings (if I win of course) of bet will go directly to a charity of the communities choosing.

There's an official bet thread?

No, but Ill make one when we get the details sorted out.

organofcorti

donator

Activity: 2058

Merit: 1007

Poor impulse control.

Quote from: pirateat40 on July 05, 2012, 11:29:46 AM

I'll go on record here and on the official bet thread created that the winnings (if I win of course) of bet will go directly to a charity of the communities choosing.

There's an official bet thread?

pirateat40

sr. member

Activity: 378

Merit: 250

"Yes I am a pirate, 200 years too late."

I'll go on record here and on the official bet thread created that the winnings (if I win of course) of bet will go directly to a charity of the communities choosing.

organofcorti

donator

Activity: 2058

Merit: 1007

Poor impulse control.

Quote from: Raoul Duke on July 05, 2012, 10:14:55 AM

Quote from: pirateat40 on July 05, 2012, 10:01:46 AM

Quote from: Vandroiy on July 05, 2012, 09:45:53 AM

One thing though, can I raise the bet later during its run-time? My odds should be worse by then, no? Otherwise it'll take a moment longer because I can't settle on an amount quickly.

Normally sure, but I'm not going to be sitting around watching the bet while you add mining additions day by day. You sound sure enough now, why wait? I'm sure you could collect a bunch from all the other doubters. This is your chance, STICK IT TO THE MAN!

...and get bankrupt on the process... lol

Well, not for the doubters. They stand to lose at most a year's (or 18 months' or whatever) access to the coin they invest. The Pro pirate bond buyers would lose their capital and up to half their interest if Pirate defaults. Neither side goes bankrupt, at least no more bankrupt than they already would be.

Topic: Putting your money where Pirate's mouth is. - page 36. (Read 73388 times)