Quote from: Bimmerhead on September 08, 2012, 03:32:34 PM

Hummmm, is this kind of format trickery in place in the original wording of the bet, wherever that is now?

No formatting besides code and bold, and nothing hidden in them. You can quote this post and look through it yourself.

Quote from: Matthew N. Wright on August 19, 2012, 03:49:20 PM

Don't think pirate will payout as promised?
If you truly believe that Pirate is a scam/ponzi, then this is a no-brainer easy money for you.

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.

To make your bets easier to read, please stick to the following format:

Code:

20BTC
13dSK4663Ts7j2PwHS1eUVjycKLBwx7PJM
Optional comment

The above post would be betting 20BTC that he in fact is not going to payout as described. If I lose the bet, you get 20BTC sent to that address. If you lose, you'll need to send 20BTC to my address.

Anyone (including myself) who renigs on their bets will be labeled a scammer on the forums. Theymos will retain the IP addresses of everyone who has committed here and as you are marked a scammer for not paying, you will also be reported to the bitcoin police and tracked. For this reason, it is important that you do not bet more than you can afford to lose. Considering the high probability of fraud from newbie sockpuppets, only established 100+ post users will be allowed to participate.

The minimum commitment is 0.1BTC. The maximum is 100BTC per person.

Disclaimer: Although I think pirate is a high risk venture due to a complete lack of transparency on his part, I am sorely reminded that the forum needs to be taught a lesson when it comes to crying wolf on things without evidence. It's getting sickening. "SCAM! SCAM! SCAM!". So put your money where your mouth and bet for a better bitcoin forum/community overall.

For the record, the address to remit your funds to if you indeed lose is 13dSK4663Ts7j2PwHS1eUVjycKLBwx7PJM

Thank you and good luck!

I reserve the right to lock this thread and stop accepting additional bets at any time. All existing bets in the thread will still be honored regardless.

Pirate's post he's referring to.

Quote from: pirateat40 on November 03, 2011, 11:14:09 PM

After much consideration, Ive decided to close down Bitcoin Savings & Trust.

Why?
The decision was based on the general size and overall time required to manage the transactions. As the fund grew there were larger and larger coin movements which put strain on my reserve accounts and ultimately caused delays on withdraws and the inability to fund orders within my system. On the 14th I made a final attempt to relieve pressure off the system by reducing the rates I offered for deposits. In a perfect world this would allow me to hold more coins in reserve outside the system, but instead it only exponentially increased the amount of withdrawals overnight causing mass panic from many of my lenders.

So now what?
Ive spoken with my clients over the last week and come to an agreement that would allow me to close down my operation within a week. Currently my reserve (operating wallets) are drained from fulfilling the withdraw spree that happened after the rate drop announcement. All withdraws at this point will be delayed until Monday when the shutdown process begins..

At this point I will no longer accept deposits. Any coins sent into the system as of now will be returned immediately.

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.

Thanks
Id like to thank all of my lenders and PPT operators that were a key element in making Bitcoin Savings & Trust a success. Bitcoin has grown a lot since I started this and want you to know that you were a vital part in helping it grow.

Now, I have a lot of work to do. Stay Tuned

-pirate

BTW, this is all bitlanes fault. (j/k you nut)