The bet will be Full repayment up until the time of BS&T announced shutdown.  Thus interest after that point which pirate has already anounced default on will be ignored (this weeks interest).

The spirit of the bet is such that pirate will have the bitcoins to repay his debs (over 500k) not some technicality (shorting bitlane by 1 btc out of spite).  The timeframe will be 2 weeks.  The bets will be denominated in USD.  The odds will be by offer... I have received 4:1 so far.  All bets will be escrowed by a trusted forum member.