Quote from: repentance on August 31, 2012, 10:16:06 AM

Quote from: PinkyPie on August 31, 2012, 09:50:28 AM

I thought matthew had already lost his bet...

Quote from: Hexadecibel

Quote from: Matthew N. Wright
If he owes 100% and only pays back 90% without agreement to investors, -that- is fraud and a failure to pay back. I would obviously lose the bet.
If he owes 100% and only pays back 90% but the investors agreed to it, -that- is the agreement and therefor he has paid it back. I would win the bet.
If he owes 100% and pays back 100%, I would win the bet.
If he owes 100% and does not pay anything anything back, I would lose the bet.

but then:

Quote from: Matthew N. Wright
Post in this thread how much you're committing and I will double that amount you commit (maximum of 10,000BTC in bets allowed in this thread total) if Pirate does not pay out in 3 weeks as he described in his thread.

And pirate's thread:

Quote from: Pirateat40
When will I get my coins?
Starting Monday Ill begin systematically closing and withdrawing accounts as coins are transferred. I don't expect the entire process to last longer than a week. The moment your account is closed youll receive your coins plus any interest accrued up to the hour it was sent.

By this criteria Matthew has lost the bet. Pirate has admitted default and interest is no longer accruing which is in breach of the terms. QED.

Under the terms of the bet, pirate has until 9 September to pay the investors 100% of what they are owed or an alternative amount agreed to by the investors. However certain it might seem that pirate will do neither, the date was set in the original bet and there's no reason to require Matthew to pay out before that time.

When I made my bet, I put the specific caveat in my bet that I win if pirate doesn't pay out 100% (regardless of any agreement by pirate). He agreed to those terms when he accepted the bet, so he is not weasling out that easy.