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Topic: Who do you think Matthew's backer is for the 10k btc bet? (Read 6763 times)

legendary
Activity: 966
Merit: 1003
It has to be a pirate supporter, but I don't think it would be pirate himself..



My first thought was insider info. Typical bitcoin antics.

I think Matthew is smarter then to risk 10k btc or being labeled a scammer for alltime.  Even on insider info (it can be very wrong you know Wink)

He has a backer. 

Whelp I was wrong..

No backer, just BS.  Embarrassed
newbie
Activity: 7
Merit: 0
Maybe the person Matthew made the bet with is a friend of his.  Maybe a business partner.  Maybe neither party stands to "lose" anything at all.  What would he have to gain?  Publicity.

Like others have said, it strains credulity that anyone would make such a bet.  

I don't know.  It's fascinating to watch all this unfold though.
legendary
Activity: 2940
Merit: 1090
I don't see how trying to figure out who is backing you, if anyone, or if pirate is going to pay or not will change the outcome of the situation.

Count the empty popcorn containers resulting...

-MarkM-
legendary
Activity: 2590
Merit: 2156
Welcome to the SaltySpitoon, how Tough are ya?
Haha you must be new here.

SaltySpitoon
Posts:    541
Position:    Hero Member
Date Registered:    August 17, 2011, 10:01:01 PM

I don't see how trying to figure out who is backing you, if anyone, or if pirate is going to pay or not will change the outcome of the situation.
hero member
Activity: 840
Merit: 1000
But it either is a scam or is made to look like a scam (which is a scam in intself).

And there you have it ladies and gentlemen, we've come full circle. Even when it's not a scam, it's a scam!
Or is it?....
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
Instead of constantly discussing whether some secret bitcoin conspiracy is going on, can't we just wait until pirate is out of time, or Matthew had won/lost his bet, and find out for sure?

Haha you must be new here.
legendary
Activity: 2590
Merit: 2156
Welcome to the SaltySpitoon, how Tough are ya?
If hes going to have a backer, he is going to have a backer. In that case, doesn't that mean Matthew's bet is more reliable? In that case not only can you hold him responsible should he lose, but you can also hold his backer, who if there is one, will probably turn out to be a recognized name, as they are holding 10K BTC.

Why I'm posting? I don't know, I'm pretty bored. I'm not invested in pirate, I'm not invested in Matthew, and I haven't taken anyone's bet, because at this point, its all just a craps shoot. Some people believe in pirate, some don't. Some are blissfully optimistic because they don't want to realize that they MAY have lost their money, and some are just pessimistic looking for an I told you so situation. Instead of constantly discussing whether some secret bitcoin conspiracy is going on, can't we just wait until pirate is out of time, or Matthew had won/lost his bet, and find out for sure?
member
Activity: 116
Merit: 10
that weird asian teenager he follows around?

Zhou Tong? He's in Australia. Long time no see buttcoins. How come you're not pumping out any more comedy?

The slow transition from funny to sad.

And since Tradehill bought my site and went bust I don't have anymore funding!
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
But it either is a scam or is made to look like a scam (which is a scam in intself).

And there you have it ladies and gentlemen, we've come full circle. Even when it's not a scam, it's a scam!
hero member
Activity: 840
Merit: 1000
That said, just because we don't know what's happening doesn't mean it is a scam with 100% certainty, and accusations should be made accordingly.
,
Ok, so if we find out this was a ponzi with 100% certainty, do you think all the FUD being spread was unwarranted?

Considering it hit all the red flags (which is the only way to detect a ponzi, and as far as I know there are no examples of legit businesses hitting them like that) and considering what's at stake?


Do you also scold people who passionately warn others to encrypt their wallets, backup private keys, and maintain control of their own BTC?

I mean, you don't know for sure they're going to get hacked or have a hard drive crash, after all.

Its hard to tell fanatical religious extremists that God might not exist simply because there is no way to prove otherwise. Matthew is seemingly running a campaign against fanaticism.

We know where extreme beliefs lead to in human history. Protip: it doesnt end well.

Nah, you can't just go ahead and compare this situation to religion.
In religion there are no clear signs that anything special exists beyond fantasy and makebelief and projection of fears and uncertainty.
But in this case all the arrows point to a scam of some sort, not nessesarily a ponzi, but still the nubers don't add up.
In fact, it's a bit like evolution. You can't see it happening, but there are corners of information that all define this big structure. It's just that the lights are off and we can't clearly see what kind of scam this is.
But it either is a scam or is made to look like a scam (which is a scam in intself).
Anyway, this is how it looks.
hero member
Activity: 633
Merit: 500
Matthew.  I doubt that you have 10,000 BTC.  Can you please post an address signed message here proving that you do?
sr. member
Activity: 252
Merit: 250
Do you have any threads as examples?

attempt to discredit by mocking, imsaguy was the most childish of the bunch, he did that all over the forums, I don't want to keep looking for all the threads he shit in since July at least.

https://bitcointalksearch.org/topic/m.1024343 (keep scrolling)

BurtW takes on the tactic. Posts that he knows what pirates business model is. Starts bet in gambling forums to instill confidence in potential marks.

https://bitcointalksearch.org/topic/m.1005868
https://bitcointalksearch.org/topic/look-at-a-pirate-eye-to-eye-if-you-dare-91252
https://bitcointalksearch.org/topic/m.1069337


Goat did same spamming "ponzi" everywhere mocking people. He posts too much for me to find them now, most of it was mid-late july. and Stuff like this

https://bitcointalksearch.org/topic/look-at-a-pirate-eye-to-eye-if-you-dare-91252

hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
Backing up your wallet doesn't harm another person's business btw.

If what was said on forums about pirate started to hurt his business, he could have done many number of things to prove otherwise. When asking for millions of dollars from lenders this is a basic duty. But yet pirate refused all options. Locked his thread. Started his own IRC channel where he could control the discussion. Every one of his actions from the beginning followed classic ponzi behavior. It was not unreasonable for people to continue to warn others. What do you think of the other people that were encouraging deposits very aggressively? Surely you didn't miss the massive spam fest trying to drown out the naysayers. That behavior is so much more damaging than what you are complaining about.

How much harm do you think pirate will have done to the community if he does abscond? The damage will be much much worse than if he was legit and "trolls" really did kill his business. And again he have many options to silence the trolls but did not.

Micon explained this to you on his show. If I tried to make the claim Bitcoin Magazine was a scam people would just think I am an idiot. Actually some people were claiming that in some other thread, but it quickly and naturally devolved from scam to just being late on issues. And most rationale people would understand any new business is going to have growing pains and unexpected delays. It's pretty common for print issues and you guys have been doing great all things considered. Any forum is going to have massive trolls, you can't do anything to fix that (even betting). You can't let that crap get to you.

This makes sense more or less, but doesn't exactly cover the reasoning I had. What you say is correct, but there are other arguments, including the "walks like a duck" fallacy, benefit of the doubt, discerning between educating about and crusading against investments, etc. let's talk about this more when the bet is over as it will probably help to understand more irregardless of outcome. I'll mull it over what you said though (and actually I -did- miss the part where Pirate and investors were being aggressive. Before I made the bet, I was only seeing the opposite. Do you have any threads as examples?)
sr. member
Activity: 252
Merit: 250
Backing up your wallet doesn't harm another person's business btw.

If what was said on forums about pirate started to hurt his business, he could have done many number of things to prove otherwise. When asking for millions of dollars from lenders this is a basic duty. But yet pirate refused all options. Locked his thread. Started his own IRC channel where he could control the discussion. Every one of his actions from the beginning followed classic ponzi behavior. It was not unreasonable for people to continue to warn others. What do you think of the other people that were encouraging deposits very aggressively? Surely you didn't miss the massive spam fest trying to drown out the naysayers. That behavior is so much more damaging than what you are complaining about.

How much harm do you think pirate will have done to the community if he does abscond? The damage will be much much worse than if he was legit and "trolls" really did kill his business. And again he have many options to silence the trolls but did not.

Micon explained this to you on his show. If I tried to make the claim Bitcoin Magazine was a scam people would just think I am an idiot. Actually some people were claiming that in some other thread, but it quickly and naturally devolved from scam to just being late on issues. And most rationale people would understand any new business is going to have growing pains and unexpected delays. It's pretty common for print issues and you guys have been doing great all things considered. Any forum is going to have massive trolls, you can't do anything to fix that (even betting). You can't let that crap get to you.
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
That said, just because we don't know what's happening doesn't mean it is a scam with 100% certainty, and accusations should be made accordingly.
,
Ok, so if we find out this was a ponzi with 100% certainty, do you think all the FUD being spread was unwarranted?

Considering it hit all the red flags (which is the only way to detect a ponzi, and as far as I know there are no examples of legit businesses hitting them like that) and considering what's at stake?


Do you also scold people who passionately warn others to encrypt their wallets, backup private keys, and maintain control of their own BTC?

I mean, you don't know for sure they're going to get hacked or have a hard drive crash, after all.

Backing up your wallet doesn't harm another person's business btw.
hero member
Activity: 633
Merit: 500
pirateat40

Think about it. He get's to keep the half million and pays out the 10k to the "told you so"s.

Perfect symmetry.

Thanks for the good idea! I'm gonna ask him if he's interested.

UPDATE: He declined and no action has happened since I asked. I guess he's not interested in backing up my silly bets.

Can you confirm that you have that much BTC?  Sign an address with 10k in it?
legendary
Activity: 966
Merit: 1003
So Matt who did you get the cassius coins from that your going to be using to pay out the bet with?? Wink
sr. member
Activity: 322
Merit: 250
Quote
Who do you think Matthew's backer is for the 10k btc bet?

I would hope his anus.  My anus backs me everywhere I go.  Without it, I'd only be a dick.
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
pirateat40

Think about it. He get's to keep the half million and pays out the 10k to the "told you so"s.

Perfect symmetry.
This is exactly why I just posted a condition in Matthew's gambling thread. If Pirate and Matt are colluding to run a giant shell game on the user base, we will refuse the demands that we be the ones to suffer from such an elaborate con.

I also want people monitoring all exchanges between Matt, Pirate and any 3rd parties that could be on board.

Good call! Monitor away random SA troll! And keep those conspiracy theories coming!
sr. member
Activity: 420
Merit: 250
pirateat40

Think about it. He get's to keep the half million and pays out the 10k to the "told you so"s.

Perfect symmetry.
This is exactly why I just posted a condition in Matthew's gambling thread. If Pirate and Matt are colluding to run a giant shell game on the user base, we will refuse the demands that we be the ones to suffer from such an elaborate con.

I also want people monitoring all exchanges between Matt, Pirate and any 3rd parties that could be on board.
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