It appears to me Pirate has lost his bet with Vandroiy now.
===Change in BTCST ToS===
BTCST has the right to change the terms of its outstanding deposits at any time, as long as there is advance notice of at least 30 calendar days.
Yep, well, this bet ended even quicker than I had expected.
Nanotube is the final arbiter, but this seems like a clear cut win to Vandroiy, according to Pirate's own terms.
If Pirate cares, (and wants to) could he salvage the bet for now
by retracting the previous announcement, and issuing a new one with proper 30 day notice,
before the lower rates before the lower rates are put into effect?
If not: Congrats to Vandroiy on his 5000 BTC (64000 USD) winnings!
Does anyone want to make a statement? Van, nano, pirate?
Vandroiy won the bet because pirate changed the terms it doesnt matter if he changes them back.
I'm afraid you are mistaken. Pirate will lose the bet only if he changes the terms without the required notice - not if he announces a future change of terms without the required notice. The new terms do not come into effect until 8.20.2012 - therefore the terms have not yet changed. If the terms were in effect now, pirate's depositors would already be receiving the lower rate of interest, which clearly they are not.