Post
Topic
Board Gambling discussion
Re: I'm giving 100% ROI away to anyone who thinks pirate is a fraud
by
Matthew N. Wright
on 23/08/2012, 16:39:13 UTC
Just wanted to point out to anyone interested, not sure if it's been mentioned in this thread already

If you're betting that Pirate will pay out, you can invest in https://glbse.com/asset/view/TYGRR.BOND-P

It is a bond worth 1BTC stake in BS&T.

Since Pirate has defaulted the bonds are not currently being bought back
(https://bitcointalk.org/index.php?topic=82573.msg1120679#msg1120679)
and are priced around 0.6-0.7BTC

But if Pirate repays then the bond will return to 1 BTC.


The bonds are being artificially raised in price as a hedge to cover the MNW bets, IMO. As someone here mentioned and as I'm many others have done, if you can get bonds below 0.5 you can effectively have a no risk bet on the possibility of Pirate default.

It doesn't protect against the possibility of MNW not paying anyone, of course.


Matthew, it seems these bets must be getting quite burdensome to handle. Do you need any partners to take in the bets in trust, nicely format them and then pass them through to you?

Thank you for the offer (and yes it was keeping me up at night), Rassah is already doing a fine job of organizing them independently to match against my sloppy records. For the record.

this guy here?  Wink
http://www.satoshisuperstars.com/rassah/

Yes. I was on Satoshi Superstars too. Stop bringing attention to my behind the scenes links with everyone on this giant collusion of a scam that I have obviously perpetrated. You're ruining everything!