Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
T.Stuart
on 08/01/2014, 22:20:58 UTC
Quote from: QuestionAuthority on January 08, 2014, 10:18:00 PM
Quote from: T.Stuart on January 08, 2014, 10:03:00 PM
Quote from: QuestionAuthority on January 08, 2014, 08:37:51 PM

Is doesn't seem like a smart move to take an unsecured bet with someone that you don't believe will pay. If you lost you would have to pay or be labeled a scammer. He has everything to win and nothing to lose. The most you can hope to do is not lose.


I understand what you are saying but in principle for me:

1. If I make a bet with someone I honour it... not because they need the money but because I keep my word or lose my reputation. An escrow is fine but doesn't change this.

2. Bitcoin was not going so low in so short a time. No question. That's why I took the bet. That's why 8 or so others jumped in also! And if China had announced banning Bitcoin an hour after the bet then bad luck for me.

Contrary to what you say TheCoinBull will lose his reputation if he doesn't pay. That's his choice to make. I'll leave that up to him.

No, I get it. You felt it was a no brainer bet. The payoff for you is watching him destroy his rep. I guess that does have, at least, a sadistic value. Schadenfreude lovers unite! lol

No. First we made a bet for Bitcoin. Then we agreed to pay the escrow. But when he apologised for getting caught in a blizzard or something  Cheesy I just told him what I thought: we made a bet and an escrow doesn't change that from my side and that's that.