Quote from: ikeboy on December 25, 2014, 10:39:06 PM

Quote from: T0urist on December 25, 2014, 10:36:28 PM

Quote from: ikeboy on December 25, 2014, 10:31:41 PM

Quote from: T0urist on December 25, 2014, 10:23:53 PM

Quote from: maildir on December 25, 2014, 10:04:45 PM

i am waiting confirmation on the coins.

The bet is now 100 BTC. Cold cache.

You better show your face....

isnt a 10:1 unequal. i thought yourbet was 1:1 on their terms. if you believe in the bet shouldnt it be 1:1 matching ?

The claim people are making here is that they are sure paycoin is a scam, sure enough to write over 500 pages on it and expose themself to considerable ridicule if it isn't. That requires a great deal of confidence. I've had people tell me in irc that there a "99% chance" that paycoin is bust in a week. The claim I'm betting for (that paycoin won't go bust) does not have to hold a high confidence to act on it. If I have a >50% probability in that, then buying paycoin for $10 in hopes of getting $20 is justified. To bet, I need a better incentive than doubling my money.

That's the reason the odds are better for me: it's against the market. In order to bet at even odds, people would have to believe that there's a 50% chance that paycoin isn't a scam. From the tone of people here, they're not ready to put that at 50%, but they might put it at 10% or less. That's why I chose that number.

All bets are determined by what people are willing to risk for it.

you are saying its 99% not a scam so odds are scewed to you then and dont reflect the bet.... unless you want to state the % you think you believe its not a scam? that would show your confidence. man up at 1:1 or back down. you are technically trying to cheat someone on the bet else. so... how high is your belief?

I didn't say it was 99% not a scam. I said someone else said that it was 99% a scam. I would say my belief now is around the 10-20% range, so a bet on 10% seemed fair to me, considering how loud people are shouting SCAM.

Demanding a 50% bet when both people think the odds are less than that is unfair.

well if you think its 10% scam then your risk is low right so low risk low reward. shouldnt you be hedging only a 10% bet gain? since there is no weighted authority its equalish match 1:1. propose a lower bet amount to match or match current if you believe. 50:50 is still better than your 10% risk.