Really this bitcoin experiment is showing us that we need some sort of system where by we pay 20% to the government for services like policing etc and a small percentage to the banks for handling transactions so we dont get scammed.
No it doesn't. It just shows you need personal responsibility.
I believed I would win the bet and I also believed there was a good chance Matt had no intent in paying so I skipped the bet.
Why bet on something you will win and probably not get paid?
If Matt really wanted to make a huge bet he would have made an escrowed bet (like bets of bitcoin) and dropped 10K BTC down. If he setup the bet to close in a week and payout in three he likely would have saw 30K to 50K wagered against his 10K.