Silk Road Coin Auction Extravaganza
The winners of the Bitcoins being auctioned by the USMS will pay an average price per Bitcoin that is higher than the high market price of June 27th, 2014, as per the CoinDesk Bitcoin Price Index
Betting closed. Pending resolution.
- Category:Bitcoin
- Bet started:3 months 6 days ago (18-06-2014)
- Bet closed: ended (27-06-2014)
- Resolution: ended (01-07-2014)
- Weighted No: 315`564
- Weighted Yes: 183`388
- Confirmed bets: 25 ( No: 13 / Yes: 12 )
- Histograph:
CONFIRMED BETS: 7.44 BTC
| TIME | BET | WEIGHT | BTC IN | IN | BTC OUT | OUT | |
|---|---|---|---|---|---|---|---|
| 18-06-14 02:15 | Yes | 99`988 | 0.07000000 | 18a57 | / | 19YgU | |
| 18-06-14 02:15 | No | 99`988 | 0.03000000 | 18A4r | / | 1NfXM | |
| 18-06-14 03:52 | No | 99`235 | 0.01000000 | 18a71 | / | 1NRaN | |
| 18-06-14 04:38 | No | 98`875 | 0.10000000 | 18A84 | / | 17BxL | |
| 18-06-14 04:38 | Yes | 98`875 | 0.92961506 | 18a78 | / | 1NfXM | |
| 18-06-14 05:18 | No | 98`563 | 0.20000000 | 18A8b | / | 17BxL | |
| 18-06-14 09:42 | No | 96`508 | 0.05000000 | 18A9f | / | 1Hyit | |
| 18-06-14 12:37 | Yes | 95`139 | 0.02290352 | 18AbK | / | 1MA74 | |
| 18-06-14 15:09 | No | 93`956 | 0.60000000 | 18Ada | / | 1Grs6 | |
| 18-06-14 17:32 | Yes | 92`842 | 0.20000000 | 18ae7 | / | 1JboP | |
| 18-06-14 17:46 | Yes | 92`733 | 0.17000000 | 18AeA | / | 1Ei53 | |
| 18-06-14 18:42 | No | 92`296 | 0.15590723 | 18agH | / | 1Q9Q6 | |
| 18-06-14 19:56 | Yes | 91`715 | 0.00500000 | 18AHP | / | 13hZc | |
| 18-06-14 23:40 | No | 89`970 | 0.02000000 | 18AN2 | / | 1NRaN | |
| 19-06-14 09:09 | Yes | 85`532 | 0.36000000 | 18aPS | / | 1Giky | |
| 19-06-14 11:39 | No | 84`363 | 0.30000000 | 18aQv | / | 1Bwoz | |
| 19-06-14 19:03 | No | 80`904 | 0.25000000 | 18ATe | / | 1BcNE | |
| 20-06-14 01:47 | No | 77`758 | 0.57100000 | 18AWZ | / | 1DLus | |
| 20-06-14 23:12 | Yes | 67`737 | 0.10000000 | 18dcv | / | 13PVt | |
| 21-06-14 16:58 | Yes | 59`423 | 0.01000000 | 18dmi | / | 1LoeL | |
| 23-06-14 05:04 | Yes | 42`535 | 0.03378435 | 18EFo | / | 1F14o | |
| 23-06-14 08:36 | No | 40`882 | 0.01000000 | 18ekT | / | 14wqg | |
| 23-06-14 14:36 | No | 38`080 | 3.00000000 | 18ewG | / | 1GAyV | |
| 23-06-14 23:50 | Yes | 33`758 | 0.05000000 | 18eYY | / | 1BHte | |
| 24-06-14 05:32 | Yes | 31`093 | 0.20000000 | 18ezu | / | 1NG23 |
DISCUSSION
#3101: Anonymous 18-06-14 at 03:05
Is this info even public?
#3106: anony-mousse 18-06-14 at 12:27
interesting bet.. i’m leaning towards a yes
#3111: hiphop anonymous 18-06-14 at 18:15
the price will be driven up presale and all the auctions bids will be under.
#3113: Anonymous 18-06-14 at 20:04
so, how does this resolved in case the prices aren’t made public?
#3116: Anonymous 18-06-14 at 21:25
The prices will be made public. It is a public live auction and a matter of public record
#3126: Anonymous 19-06-14 at 03:51
Lol someone ripped this right off of betmoose:
https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value
#3131: Anonymous 19-06-14 at 11:37
#3126, lol and it already has 3 times the volume of biggoose.
#3136: Anonymous 19-06-14 at 22:11
#3131, In one day, vs one week.
#3140: Pudgy 20-06-14 at 01:06
betmoose looks great thanks for the link. Cant wait for them to grow a bit more should be interesting
#3141: Anonymous 20-06-14 at 01:55
thanks for the betmoose link. was good for some lulz. will return if I ever need a good laugh
#3148: Pudgy 20-06-14 at 03:35
#3141, why is it lulzy? I really like what they’re doing…. what if bitbet closes, would be nice to have a backup…. I’ve won too much money on here to not support something similar lel
#3156: ThickAsThieves 20-06-14 at 16:00
I made the bet, I never heard of BetMoose til now.
#3177: Anonymous 24-06-14 at 08:03
is it named after mooseknuckle?
#3179: Anonymous 24-06-14 at 10:23
What happens if the auction is cancelled?
#3180: Anonymous 24-06-14 at 17:30
#3179, then the winners will not have paid a higher price.
#3199: Anonymous 27-06-14 at 01:19
This bet is ridiculous. Tomorrow is going to be crazy volatile. I think the bidders will be paying a healthy premium, but there is no way they’re going to pay over tomorrow’s high. Over tomorrow’s/this week’s average? Likely. BitBet has really disappointed me here. I was rejected for submitting a bet using the average instead of the high.
#3201: ThickAsThieves 27-06-14 at 13:25
^ "I was rejected, and I don’t like it!"
#3202: Anonymous 27-06-14 at 13:53
Omg so volatile!!!
#3203: Anonymous 27-06-14 at 16:22
#3201, Mock me if you will. Using a high instead of an average is a retarded way to do this bet. Not to mention it allots practically no time for the winning bet to be announced/confirmed. What happens when some jackass releases a fake doc saying "I paid $100000/BTC!" Are we really expecting the Marshals will release any numbers in the next 4 days?
#3204: Pudgy 27-06-14 at 18:43
#3203, Same thing happened over at betmoose, seems like people prefer to use the High? https://www.betmoose.com/searchBets?category=&tags=&status=waiting&sort=rising_desc&text=coins
Problem I have with High is wouldn’t today’s prices after 6pm reflect some potentially leaked or known information? Buckle up.
#3205: Anonymous 27-06-14 at 19:00
> wouldn’t today’s prices after 6pm reflect some potentially leaked or known information?
Exactly. This whole bet is moronic and so are the mods. Unfortunately there aren’t any betting sites with the audience there is here so here I am.
#3206: Anonymous 27-06-14 at 19:51
#3205, #3204 Actually, bitbet and coindesk run on UTC, while the US Marshals is stated in EDT, so the difference is only two hours. If the high makes a nasty jump in the two hours after 6pm edt, your bitching may be somewhat justified.
As for the average vs high stfu, the difference is circa 1% and also not likely to make any impact.
As for bitmoose, no one gives a bitcent. Go talk about your shit site on thr bitconforum.
#3207: Anonymous 27-06-14 at 22:27
1% could easily make or break this bet. If the bidders are paying above market it won’t be by a ton.
Your "it’s not likely to happen so we might as well not worry about it" logic is just as moronic as everything else about this bet. It would be trivial to rectify things but nobody seems to want to. Heaven forbid there would be two similar bets! The BitBet investors might even make more money! Not that!
#3208: Anonymous 27-06-14 at 23:12
When does the coin desk day end?
#3209: Anonymous 27-06-14 at 23:13
Actually, having similar competing bets would most likely not make more money.
Just as easy to bet both sides in an intelligent manner than bitch about how one can’t bet because "wah fucking wah." <— That’s you whining, because you’re a whiny bitch
#3210: ThickAsThieves 28-06-14 at 01:16
NOTE: High for the day for Coindesk Index is $600.86
#3211: Anonymous 28-06-14 at 01:42
I feel pretty good about my "No" bet.
#3212: Anonymous 28-06-14 at 02:01
#3209, And you’re an arrogant cunt. Please, tell me more about how betting both sides is a winning strategy or how having a well defined bet is somehow worse that this shit.
#3217: Anonymous 28-06-14 at 07:53
#3212, i had sex with your mom
#3230: Anonymous 30-06-14 at 00:31
Nothing official yet, BUT Barry Silbert released the data from SecondMarket’s bid:
"Silbert also noted that the total value of the bids was 48,013 BTC or roughly $28.4m. At press time, the market value of the 30,000 BTC was roughly 17.7m."
Source:
http://www.coindesk.com/barry-silbert-data-secondmarket-us-marshal-auction-syndicate/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29
It looks like this one may resolve as YES
#3235: Anonymous 30-06-14 at 21:06
Looks like it may not be resolved at all. Don’t know if the gov is going to release the prices.
Also, Silbert just happened to forget to put in what they bid. How convenient. they very well may have bid $200/coin
#3239: Anonymous 01-07-14 at 00:00
#3234 "Silbert also noted that the total value of the bids was 48,013 BTC or roughly $28.4m."
#3251: Anonymous 01-07-14 at 05:55
This bet is likely not resolvable as it’s unlikely there will be any official announcement.
Bets should be refunded.
#3252: Anonymous 01-07-14 at 06:33
#3251 Legally speaking, the information about the dollar amount of any sale of assets by the Marshals must be made public. There is no such thing as a private government auction. The only thing in question is what information they will release about the bidders themselves.
Payment has to be made for the auction to be completed and that process is happening over the next 48 hours.
After that, information on the sale price will surely become available.
#3264: Anonymous 01-07-14 at 23:02
BitBet needs to make sure not to jump the gun and not pay out until something is official.
I foresee a lot of rumors, even from the potential winning bidder, stating what was paid, and that may or may not be accurate.
Really the only source that should be trusted is the US govt, and even then they are not all that trustworthy.
#3265: Anonymous 01-07-14 at 23:12
One bidder got all the coins?Thats just ridiculous.
#3267: Anonymous 02-07-14 at 01:48
#3264 Yeah, I think it would have helped if the bet itself was more precise. It should have said, "The bet will also resolve as "No" if no official information is provided by _/_/2014"
#3268: Anonymous 02-07-14 at 02:22
#3267, that’s stupid. You’re stupid.
#3269: Anonymous 02-07-14 at 04:18
From the FAQ:
In some circumstances, especially in the case of highly contentious bets, resolution may be delayed. To date the longest such delay was two days. We make every effort to keep such delays at a minimum, and no resolution will ever be delayed indefinitely.
I’m feeling this will be the new record.
#3272: Anonymous 02-07-14 at 14:00
Well the identity of the winning bidder is known – Tim Draper. Only a matter of time until the price is known.
#3273: Anonymous 02-07-14 at 15:47
Indefinite amount of time. The government won’t release the numbers for an unknown amount of months, if ever.
Tim Draper may never release the numbers.
This bet was flawed from the get go by assuming it would be open information.
#3275: Anonymous 02-07-14 at 19:14
Government actually is legally required to release the numbers. The only assumptions here are yours.
#3280: Anonymous 02-07-14 at 20:42
What assumption was made?
That we may have to wait 6 months for the government to release the numbers?
This was meant to be a 2-week bet, not a 6-month bet.
Tim Draper doing a press conference in 20 minutes. We’ll see if he says. Otherwise we will be waiting until 2015.
#3281: Anonymous 02-07-14 at 21:29
There you go….Draper just said he wouldn’t reveal what he paid.
This means we now must wait months for the government to release this info for this to be resolved.
This bet should be closed and everyone refunded. Stupid bet.
#3283: Anonymous 02-07-14 at 23:54
FOIA request have been sent in by hundreds of people and "apparently" they will be served within 20 days of making a request.
#3290: Anonymous 03-07-14 at 12:02
So we wait 20 days, and then wait some more, and wait some more because this will take forever to be resolved.
At what point do we realize they won’t release the price and get refunded?
#3291: Anonymous 03-07-14 at 13:14
dude, if you urgently need btc to get a fix of crack, dont blame bitbet.
#3292: Anonymous 03-07-14 at 14:27
We didn’t all bet .005 btc like you.
All I’m asking for is a clear resolution date. We may end up waiting forever at this rate.
Something like: If this bet is not resolved by September 1, 2014 it will be cancelled and bets refunded
would be acceptable.
Making a bet with a resolution date of July 1, 2014 that does not get resolved and then sits there for an indefinite period of time is unacceptable.
#3293: Anonymous 03-07-14 at 14:54
#3290, Talk to your senator.
#3294: Anonymous 03-07-14 at 14:55
#3280, Bet says resolution as per USMS. You read that and you assume BitBet is going to send in the Army to bomb the USG into sanity, that’s your problem.
If you don’t like the resolution source, don’t bet. If you don’t like what that source does, go complain to it.
#3295: Anonymous 03-07-14 at 16:03
1) Where does the bet say resolution as per USMS?
2) The bet does say Resolution: July 1, 2014
The current date is July 3, 2014. If you don’t like the current Gregorian calendar system, maybe you should complain to your senator and insist we use the Chinese Lunar Calendar or the Assyrian Calendar.
I made the bet expecting it to be resolved by July 1 or shortly thereafter. That is not the case. Our money sits in limbo, and it will for a long time. BitBet is the only winner of this bet.
#3296: Anonymous 03-07-14 at 16:26
You misunderstand how this works. Where does it say BitBet will do what you expect it to do? Because if it doesn’t, you’re SoL. MP has made it clear that BitBet is the sovereign in the relationship, not you.
#3297: Anonymous 03-07-14 at 17:50
No idea who/what MP is.
As for what I expect from BitBet, their FAQ is one source of my expectations.
What does "closed" and "resolved" mean?
All closed bets will be resolved by BitBet moderators. This process usually takes a few hours. Resolution and payment of winners are simultaneous events. In some circumstances, especially in the case of highly contentious bets, resolution may be delayed. To date the longest such delay was two days. We make every effort to keep such delays at a minimum, and no resolution will ever be delayed indefinitely.
—-
As of now, this bet is delayed indefinitely, contrary to their FAQ.
#3298: Anonymous 03-07-14 at 18:00
>As of now, this bet is delayed indefinitely, contrary to their FAQ.
Correction. This bet is definitely delayed.
#3300: Anonymous 03-07-14 at 20:45
#3298, lol
#3301: Anonymous 03-07-14 at 20:46
I bet that this bet will have more comments than bitcents.
#3307: Anonymous 03-07-14 at 22:17
I agree that annulment of this bet seems like a good resolution.
#3308: Dos Equus 03-07-14 at 22:31
Whiney bitches, yer just scared of losing!
#3309: MtGoxStyle 04-07-14 at 10:08
#3297,
it is not of course, at some point the bet will be canceled, stop to think as retards thanks.
#3310: Anonymous 04-07-14 at 15:10
The question is when is that point? Some clarity would be nice.
Right now, there’s a total of 7.44 btc bet on this, which works out to roughly $4700. BitBet gets 1%, or $47.
Right now BitBet is prolonging this bet indefinitely and pissing off it’s customers just so it can collect that $47, rather than returning all bets to the customers.
#3311: Anonymous 04-07-14 at 18:46
At point would you do it and why? Be constructive!
#3312: Anonymous 04-07-14 at 19:40
I already posted this earlier:
Something like: If this bet is not resolved by September 1, 2014 it will be cancelled and bets refunded.
I think September is actually too long a wait but I was being generous.
Why would I do it? So users don’t have to wait here for an unknown length of time with their funds inaccessible. I don’t mind if I win or lose, but I do mind not knowing when or what will happen with my money.
#3313: Anonymous 04-07-14 at 19:55
So why Sept 1st?
#3314: Anonymous 04-07-14 at 22:32
> and pissing off it’s sic customers
No it’s not, because customers want this to be resolved, not refunded.
So let’s wait and see if the info comes out.
#3316: Anonymous 04-07-14 at 23:46
#3314, You don’t get it, OP was being generous:D
#3317: Anonymous 05-07-14 at 02:29
down with this sort of thing
#3318: Anonymous 05-07-14 at 02:37
#3297,
No idea who/what MP is.
>sends website enough internet money to have a panic attack about not seeing for a month
>hasn’t checked who runs it
#3319: Anonymous 05-07-14 at 03:12
OP don’t sweat it, 9 out of 10 community members agree: Bitcoin is safer on BitBet than on your own wallet. At least this way you can’t "trade it" or "invest it". Now that SilkRoad is gone.
#3323: Anonymous 05-07-14 at 08:39
Is this snackman or what?
#3325: Anonymous 05-07-14 at 13:26
> So why Sept 1st?
why not? do you have a different date in mind?
> No it’s not, because customers want this to be resolved, not refunded.
So let’s wait and see if the info comes out.
How long do you propose we wait? That’s the whole point of this discussion.
>No idea who/what MP is.
>>hasn’t checked who runs it
email replies I get are from MK.
#3326: Anonymous 05-07-14 at 15:33
You had me at "why not?".
#3333: Anonymous 06-07-14 at 21:29
Main reason for Sept 1 is because if we don’t know by then do you really expect to know later? 2 months is a long time and if the info isn’t available by then it’s likely to never be available.
#3334: Anonymous 06-07-14 at 22:05
Same could be said of Oct 1st
#3337: scatha 07-07-14 at 09:26
Keep calm guys, this one takes diligence to resolve ok.
AND Tim should be able to tell us the price 😀
http://www.coindesk.com/tim-draper-revealed-silk-road-bitcoin-auction-winner/
#3339: Anonymous 07-07-14 at 14:40
Same could be said of November 1st,2034.
Tim already said he won’t say the price. Lol, how does it take ‘diligence’ to resolve? The correct word is patience for an indeterminate amount of time. Putting a reasonable deadline on the resolution date is the correct play here.
#3371: Anonymous 10-07-14 at 16:56
Alright bitbet; enough of this. Face it, we don’t know the outcome and it’s way passed the outcome time. BM cancelled theirs today:
https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value
Let’s go I want to bet my coins on other things
#3372: Anonymous 10-07-14 at 16:59
Betmoose is standard for all things scammy and scummy. Whatever they do, surely do the opposite.
Sincerely,
Satisfied bitbet customer
#3373: Anonymous 10-07-14 at 20:13
#3372, Please tell me how refunding bets once the resolution date has passed and there is no resolution is "scammy" or "scummy".
BitBet is the scummy one in this situation. They’re holding coins well past the specified resolution date and they haven’t even made an effort to communicate with their userbase.
Fuck this site. Give me my coins back so I can use them somewhere worthwhile.
#3374: Anonymous 10-07-14 at 21:47
Blame the person who made the bet. They should have put a resolution that was a month out, instead of assuming the information would be immediately known. As for your 5 millibitcoin, please do take them elsewhere. You wouldnt have this problem if you hadnt tied every last satoshi you own into the bet. Go out to the streets, exchange $5, and quit your bitching.
Betmoose isnt a scam just because they refunded a bet with a sum less than 1 btc. Theyre a scam because if anyone attempted to bet 1000 btc, the site would vanish or "get hacked."
#3375: Anonymous 10-07-14 at 22:45
That isn’t the fault of the person who made the bet, it’s the fault of the mods (aka BitBet) for approving it.
I went so far as to make a competing bet with a further out resolution and clearer terms before this whole fiasco. Surprise surprise, the inept mods rejected it in favor of this shitty bet.
The only problem I’m having is that I have money (a non-trivial amount, contrary to what you may believe) tied up in a site that I no longer feel warrants my business. I had no hard feelings against BitBet until now.
I really don’t know anything about Betmoose, but I fail to see what makes BitBet inherently better. Just because it has been around for longer? Lol. See: MtGox.
#3376: Anonymous 10-07-14 at 23:04
The absolute minimum BitBet could do right now is come to the comments here and let their customers know when they are gonna time-out the bet, if ever. They haven’t even done that.
#3377: Anonymous 11-07-14 at 00:39
Maybe they’ve come here and bitched about how they’ve not resolved this bet yet.
#3379: Anonymous 11-07-14 at 01:27
Amen.
A refund or a concrete end date within a reasonable time period is what should be done here.
#3380: Anonymous 11-07-14 at 02:06
#3377, That makes no sense.
#3381: Anonymous 11-07-14 at 02:10
I love all the BitBet shills on here. "BitBet is #1!" "We want them to hold our money forever!" "Mods are gods!"
Fucking ridiculous.
#3383: Anonymous 11-07-14 at 12:18
This really needs to be cancelled. I figured this was a scam site that will close up shop eventually, but I took the risk thinking it wouldn’t close down in the few days that I would be exposed during the bet. Now I’m fucked.
No communication what so ever is absolutely unacceptable.
#3388: Anonymous 11-07-14 at 18:54
Obviously I’m not happy with the customer service, or lack thereof, of this site.
As for it being a scam, they have 2,000 btc locked up in their top 2 bets, so this bet with 7 btc is small potatoes.
I wouldn’t call it a scam based on this bet. Just poor customer service.
I have a feeling this bet will be cancelled and refunded soon. There’s not really any other option.
The FAQ should also be changed to notify users that it may take longer than 10 days to resolve a bet.
#3393: Anonymous 11-07-14 at 23:31
Fuck you dude. You’re not a customer.
#3398: Anonymous 12-07-14 at 02:34
Bitbet is currently in the process of changing their slogan to "This is Bitbet, Fuck you."
#3399: Anonymous 12-07-14 at 02:43
#3388, those big bets are most likely from site owners. They can’t exactly rob themselves.
#3403: Anonymous 12-07-14 at 08:44
#3388, >The FAQ should also be changed to notify users that it may take longer than 10 days to resolve a bet.
Probably once they resolve this they’ll update with the new record. Maybe.
#3406: Anonymous 12-07-14 at 11:20
Im not sure if bibet cares, but my next bets will be places at betmoose. This does not inspire confidence.
#3410: Anonymous 12-07-14 at 22:00
All this inept shilling…every quarter there’s a different obscure site nobody cares about.
#3411: Anonymous 12-07-14 at 22:07
#3406, you know what inspires confidence? Some site where the total pool for the top 20 bets added together is less than what the 50th largest open BitBet pulled in. Clearly.
You can probably find a game of shells worth more money than that shit. Right on your street!
#3437: Anonymous 14-07-14 at 22:01
BetMoose sucks, obviously not a good alternative to here.
Predictious is a decent option.
Many sports books are also starting to take bitcoin. 5dimes being one.
This bet needs to cancelled and we need to move on. I’m not betting on here again until that happens. That’s many 1%’s lost.
#3439: Anonymous 15-07-14 at 01:16
The only people shilling here are the ones still defending BitBet after this debacle.
#3440: Anonymous 15-07-14 at 02:17
Re fiat bookies vs bitbet http://trilema.com/2013/lets-understand-mutual-betting-together/
tl;dr: you can probably run a profitable bookie backended into bitbet. So can anyone else. Which is why they have no real future.
#3442: Anonymous 15-07-14 at 10:44
On predictious you actually know when you place the bet how much you stand to win.
I’m done with bitbet.
#3443: Anonymous 15-07-14 at 11:40
If you’re a redditor, I just want you to know you’re a faggot.
#3444: Anonymous 15-07-14 at 13:09
How about stop bitching at BitBet, go bitch at the US Marshall Service? They’re the ones that fucked up here.
#3447: Anonymous 15-07-14 at 13:13
#3442, I can tell you how much you stand to win right now: less than here. Duh.
#3449: Anonymous 15-07-14 at 13:56
#3444, No. No they’re not. They did everything by the book and it will take a FOIA request to get any information out of them. And even that might not pan out.
#3450: Anonymous 15-07-14 at 13:57
#3444, Additionally, people are "bitching at BitBet" because they’ve chosen to go incommunicado when they should be clearly communicating their plan for resolving this bet.
#3454: Anonymous 15-07-14 at 19:14
I don’t understand BitBet’s reasoning for not simply cancelling and refunding this bet.
It’s been 2 weeks now.
Even more than that, I don’t understand BitBet’s reasoning for not communicating with its users.
#3455: Anonymous 15-07-14 at 19:15
This reddit thread is pretty lol and BitBet is definitely getting bad press over this debacle:
http://www.reddit.com/r/Bitcoin/comments/2aq7w0/psa_bitbet_holding_funds_past_bet_resolution_date/
Maybe they feel any news is good news.
#3456: Anonymous 15-07-14 at 20:34
Maybe they feel the aggregate importance of Reddit is epsilon.
#3457: Anonymous 15-07-14 at 20:35
I lolled at http://www.reddit.com/r/Bitcoin/comments/2aq7w0/psa_bitbet_holding_funds_past_bet_resolution_date/cixxunv
Apparently even reddit knows how stupid reddit is.
#3458: Anonymous 16-07-14 at 02:36
Can anyone of you morons bashing other sites on here tell me why you seem to think BitBet isn’t in the wrong here? Why you don’t think they should at least give a resolution date that hasn’t already passed?
Or are you all just BitBet admins shilling?
#3459: Anonymous 16-07-14 at 05:15
There can’t be 1 person that has a stake in this that can be happy with how it is proceeding.
Bet Yes or No it doesn’t matter. Anyone with a legitimate bet wants a statement from BitBet about what is happening with this bet.
I’m not at the point where I assume the admins of BitBet place a lot of their own bets on their site, and a lot of the comments are also from the admins.
No one in their right mind would ever think the running of this site is tolerable, yet apparently somehow many commenters do.
#3460: Capn Obvious 16-07-14 at 06:37
Well this sure became an extravaganza
#3461: Anonymous 16-07-14 at 09:51
Title delivered.
#3462: Anonymous 16-07-14 at 14:38
#3459, I’m happy that my bet will be in the money, if it wasn’t I might just be internet commenting my little heart out 🙁
As we all know, bitbet admins have exemplary reputation, no further clarification is required.
#3463: Anonymous 16-07-14 at 15:29
#3462, Said like a true BitBet admin.
The only thing the admins have an exemplary reputation of right now is putting bets on indefinite hold without an explanation.
#3464: Anonymous 16-07-14 at 19:07
#3459. Im not happy with the bet, but it’s mainly because of US Marshals.
Ive been to the actual place where one speak with bitbet admins, #bitcoin-assets, and the general consensus is wait. Nowhere in the faq does it say to bitchbin the message boxes and receive an adequate response.
#3465: Anonymous 17-07-14 at 00:29
3459 – who cares if it’s the US Marshals, Putin, or Santa Claus.
The BitBet admins have grossly negligent here. Their FAQ speaks lies and their customer service is non-existent.
As for speaking with the bitbet admins, they are speaking fairly often in these comments, albeit anonymously.
Would be nice if they stepped up to the plate and made a statement.
#3466: BitBet Administrator 17-07-14 at 00:31
We have decided this bet will remain closed indefinitely until the information is released. If it takes 50 years we are willing to wait that long. This bet will never be cancelled or refunded. We will hold the bitcoins in safekeeping until the government decides to release the information.
#3467: BitBet Administrator 2 17-07-14 at 02:00
Oh, and anyone can also make the name BitBet Administrator!
#3468: Obama 17-07-14 at 04:01
I called Stacia down at the main office and told her to ice this whole auction thing just to mess with you acne ridden kids. So SUCK IT.
#3469: popcorn.gif 17-07-14 at 04:03
#3465, <img>http://static.giantbomb.com/uploads/original/11/116066/2283684-Jimmy_bieber_Popcorn_cu-thumb-350×197-14878.gif</img>
#3470: BitBet Behemoth 17-07-14 at 04:11
Rugheughajarhhh No data, No resolution. UrgheRoahARRRRR
#3471: BitBet Salamader 17-07-14 at 04:13
Burn Baby Burn, its a USG inferno, Burn Baby Burn…
#3472: Bane 17-07-14 at 04:17
Your precious bitcoins, gratefully accepted! We will need it.
#3473: Anonymous 17-07-14 at 05:08
I do believe I warned y’all in the first message…
#3475: Shakespeare 17-07-14 at 09:51
You do not live in a fucking world where every business rep is your personal WalMart Cashier to yell at and get your way. Stop being a child. The bet will be resolved when it makes sense to do so. Next time don’t bet so much that your whole world revolves around it. Oh, and fuck you, whiners.
#3476: hodor 17-07-14 at 11:26
hodor
#3478: Chuck Norris 17-07-14 at 12:11
Can’t wait to get my bitcoins from this is 2042. They will be worth so much then.
#3479: Anonymous 17-07-14 at 13:11
Over 9000
#3481: Anonymous 17-07-14 at 14:51
#3478, if more people did that they wouldn’t have lost all their coins to the amazing opportunities
#3482: US Marshals 17-07-14 at 15:48
It was $950 a coin. Yes wins.
http://www.usmarshals.gov/bitcoin/sale.html
#3484: US Marshals 17-07-14 at 17:12
This information is classified and it will be declassified and released in 50 years.
You now have a definitive date to when the bet will be resolved.
We don’t consider 50 years to be too long of a time, so users of BitBet should not be adversely affected while they wait.
People may wish considering putting these assets in their will as they may perish before the resolution of this bet.
Yours Truly,
Commissioner of the US Marshal Service
#3485: Anonymous 17-07-14 at 22:16
Moar liek Commissionette of the USMS amirite.
#3486: Anonymous 17-07-14 at 22:17
Sucks that I can’t bet anymore.
#3487: Coinless in Seattle 17-07-14 at 22:28
#3486 – same.
I have a lot of coins tied up in this bet that I intend to keep betting.
BitBet would make 1% of each of those bets.
Instead they rather delay this indefinitely and not get any more commissions from me.
Is this a pyrrhic victory for bitbet?
It’s a loss for everybody.
#3488: Anonymous 17-07-14 at 23:35
#3487, so basically you’re saying that BitBet’s commitment to processing bets fairly is actually getting in the way of it making more fees, yet you’re so fucking brainwashed by the people that normally fleece you (and that have actualy bred you, in a fleece-ready environment) that you identify this as something BitBet is doing wrong strictly on the basis of the dissimilarity with the behaviour of everyone else fucking you in the ass. Well done, cognitive dissonance is the start of many a wonderful things.
#3489: Anonymous 17-07-14 at 23:47
#3485, Top kek.
#3490: Anonymous 17-07-14 at 23:50
#3488,
> processing bets fairly
Oh you mean paying out funds 1 month after the date that was actually agreed on? Yep, totally fair.
I’m sooooo glad they didn’t just let us have the full amount we paid in back. Who wan’t to get fleeced like that amirite? I mean they’d practically be stealing from us.
…oh wait.
#3491: Anonymous 17-07-14 at 23:51
#3488, >cognitive dissonance
Oh sweet irony.
#3492: Anonymous 18-07-14 at 00:10
#3488 I love how this is the response of an employee/owner of BitBet. That’s some picture perfect cognitive dissonance with the standard practice of how to run a business.
If you’re so confident with your position, why don’t you make a public statement about the issue?
How is it fair that you try to keep delays to a minimum, and the longest a delay has ever been is "2 days" yet you think it’s acceptable and fair to delay this for and undetermined amount of time?
#3493: Anonymous 18-07-14 at 00:29
#3492, Who said #3488 was an owner/employee? What am I missing here?
#3494: Obama 18-07-14 at 00:55
#3468, please stop misrepresenting our office.
#3495: Anonymous 18-07-14 at 02:18
#3493, me. Only owners/employees are douchey enough to post something like that.
No one wholeheartedly supporting BitBet in this anonymous comment section is just an actual user.
Sure some people may want the bet to stay alive, but everyone would like some form of statement and not just constantly waiting in the great unknown.
The thing is the owners of bitbet are such dbags that they actually get enjoyment out of causing anger with its users.
#3496: BitBet Behemoth 18-07-14 at 02:21
"I’m sooooo glad they didn’t just let us have the full amount we paid in back. Who wan’t to get fleeced like that amirite? I mean they’d practically be stealing from us."
Urnghghshghahgahfiga, U mean… raghghe, BitBet waits to see if smash someone’s bet actually rawyatyayrfuaefjaehrrrr won?
#3497: Murdoch 18-07-14 at 03:24
How much for publishing rights for this? Could make a fortune.
#3498: Alan Greenspan 18-07-14 at 03:37
BitBet should refund all users as well as give a 2.5% interest rate on all bets
#3499: Anonymous 18-07-14 at 08:38
#3495, no one saying anything I don’t agree with is an actual person.
THEY ARE INSPIRED BY SATEN
#3500: Anonymous 18-07-14 at 08:41
#3488, Whats so unfair about it. Inflation ruining your capital or what?
#3501: Anonymous 18-07-14 at 08:44
#3497, Cheaper than Time. Better quality, too.
#3498, Courtesy of Benjamin Laffsky?
#3502: Grand Poobah of BitBet 18-07-14 at 19:31
I am the owner and Grand Poobah of BitBet.
BitBet is always right, and you (yes #3495, you) are usually wrong.
Now silence! Insolence will not be tolerated.
#3504: Anonymous 18-07-14 at 20:33
Does the Poobah have a poontang?
#3506: Dell 19-07-14 at 00:50
lol bitbet
#3517: Anonymous 20-07-14 at 21:43
Exactly what kind of statement would you like precious? We know what their position is; waiting for information. Issuing some arbitrary end date for resolution is going to enrage an equal number to those it placates. No amount of butthurt is going to change that you bet poorly and your money belongs to the winners now. Take your ritalin and go back to bitcointalk with the other children.
#3518: Robin Hood 20-07-14 at 21:55
Lol, who bet poorly?
No one knows which side of the bet won.
How long are we meant to wait for information?
I don’t even care what side of the bet I’m on. The weight system on this site is so dumb, even for coinflips at best you get like 25 cents on your dollar.
Frankly, even if I strongly thought my side of the bet was going to win, I’d rather have my money back now than let it rest in the hands of BitBet for an unknown length of time.
I assume we are waiting for the FOIA request. How long are we going to wait for this?
#3521: pinkie pie 20-07-14 at 22:44
foreeeeeeeeeeeeeeeeeeever
http://www.youtube.com/watch?v=MSIjrk8FHhA
#3524: Anonymous 21-07-14 at 05:38
Please do not feed the trolls.
#3525: Anonymous 21-07-14 at 12:41
Here’s a suggestion:
BitBet should refund everyone. If the information is ever released, BitBet can then pay out the winners.
It will cost BitBet a couple BTC but it will bring goodwill and will be seen as a much better result to all users than what Betmoose and other sites did.
#3526: Anonymous 21-07-14 at 14:46
Or you could bring your daughter to BitBet.
Naked.
#3527: Anonymous 21-07-14 at 15:08
#3526, Somebody is going to come along and run your business into the ground. 10 years from now you’ll look back and realize that you cost yourself enough bitcoin to buy an island all because you couldn’t control your pathetic urges to act like a 13 year old that just discovered 4chan.
#3528: Anonymous 21-07-14 at 17:33
#3526,
ok, what is the address?
#3531: Anonymous 21-07-14 at 19:53
There’s 4 bets above .5 btc, and all this bitching?
#3532: Anonymous 21-07-14 at 19:56
What is the high market price of June 27 that this bet will get resolved against? I’m seeing $600.78, but there is some ambiguity in this bet depending on the time zone…
#3533: Anonymous 21-07-14 at 20:46
#3527, Also, urmom.
Naked.
#3534: Anonymous 21-07-14 at 21:04
#3527, Mantears?
#3537: ThickAsThieves 22-07-14 at 02:21
#3532 Since the bet is based on CoinDesk, the close is based on CoinDesk.
#3538: Anonymous 22-07-14 at 04:48
#3537: Why do we care to base the bet on Coindesk when we don’t care to base the resolution on July 1, 2014?
If they aren’t going to follow the terms of the bet they could make the bet based on anything.
The:
2. Milk
3. Profit
makes a lot of sense now. Milk = scamming customers.
#3539: Anonymous 22-07-14 at 05:32
Cunstomers amirite.
#3540: Anonymous 22-07-14 at 10:18
#3538, some honest scammers then.
#3541: Anonymous 22-07-14 at 12:26
Just posting this for the lolz.
In some circumstances, especially in the case of highly contentious bets, resolution may be delayed. To date the longest such delay was two days. We make every effort to keep such delays at a minimum, and no resolution will ever be delayed indefinitely.
#3542: Appeals Judge 23-07-14 at 03:52
I can’t wait until the government says the information won’t be released until the Freedom of Information Act, and then we wait another 3 years during the appeal process.
#3543: Appeals Judge 23-07-14 at 03:53
under the FOIA
#3544: Anonymous 23-07-14 at 11:40
Fuck Israel
#3546: Anonymous 23-07-14 at 16:21
^2edgy4me
#3548: Stephen Colbert 24-07-14 at 00:34
Tim Draper will be on my show tonight. I’m going to ask him what he paid. He won’t tell me. This auction will remain unresolved.
#3550: Anonymous 24-07-14 at 16:06
so redditards, http://log.bitcoin-assets.com/?date=24-07-2014#767183
how does it feel being wrong yet another time?
#3551: Anonymous 24-07-14 at 16:12
How were they wrong?
#3553: DumbAsThieves 24-07-14 at 18:34
Who was wrong about what?
Early August you’ll get some information saying your FOIA request was denied.
What’s your point here?
#3554: Anonymous 24-07-14 at 18:52
#3553, Wanna bet?
#3555: Anonymous 24-07-14 at 20:18
#3554, Go ahead and submit one.
#3556: Anonymous 24-07-14 at 20:39
That sounds like a good bet actually.
Will the US Government release the amount paid at auction for the Silk Road bitcoins before September 1, 2014
#3559: Anonymous 24-07-14 at 23:00
#3554, Only if it’s not on this site.
#3560: Anonymous 25-07-14 at 00:31
#3550, So BitBet only communicates quasi-officially through IRC channels?
Reminds me of a certain frappuccino sipping fatass. I’m sure there’s nothing to worry about because it’s not like he stole any money or anything, right?
#3561: Anonymous 25-07-14 at 00:55
#3560, urlogic is so good urmom should be proud.
#3562: Anonymous 25-07-14 at 01:08
Again with the "your mom" jokes. Are all of you really that pathetic?
#3563: Anonymous 25-07-14 at 01:46
#3562, No, just you.
#3564: Anonymous 25-07-14 at 01:48
#3528, BLACKMAIL
BEHIND THE HOT WATER PIPES
THIRD WASHROOM ALONG VICTORIA STATION
#3565: Anonymous 25-07-14 at 04:44
#3560 bitbet most officially communicates through #bitcoin-assets . It’s not quasi official, and it not irc channels. It’s the official channel. If you see the CONTACT area listed at the bottom of every bitbet page, you would already know this.
#3566: Anonymous 25-07-14 at 05:05
#3554, #3555, #3559, https://www.betmoose.com/bet/silk-road-auction-winning-bid-announced-504
#3567: Anonymous 25-07-14 at 06:42
#3566, Shouldn’t they cancel that? LMAO.
#3568: Anonymous 25-07-14 at 12:20
That betmoose bet is worded very stupidly but it appears as if ‘ever’ means by Sep 1, 2014 and the closing date for the bet is Aug 1, 2014.
#3569: urmom 25-07-14 at 13:49
U trying to scam me here? This bet worth shit.
#3575: Calendars FTW 25-07-14 at 18:34
LOL at the agreed upon resolution date for this bet of July 1, 2014.
24 days and counting FTL
#3576: Anonymous 25-07-14 at 18:50
Getting the government involved slows things down.
#3579: Anonymous 25-07-14 at 21:12
Getting BitBet involved slows things down. Other sites figured it out.
#3580: Anonymous 25-07-14 at 22:36
Nice try, but other sites don’t actually resolved the bets.
http://www.youtube.com/watch?v=4T2GmGSNvaM
#3581: Anonymous 25-07-14 at 22:55
#3568 looks like the bet started after the auction closed. I remember betmoose had, at the time, an identical bet to this bitbet one. Betmoose refuneded the money right away and created a new bet. Giving people the option to wait longer for a resolution if they wanted. But i think this announcement bet is just to see if they actually announce the price by sept 1
#3612: Anonymous 01-08-14 at 01:26
Okay so I’m not sure if this counts. But according to this article http://mobile.businessweek.com/articles/2014-07-31/six-californias-a-tim-draper-idea-just-as-madcap-as-the-others
Tim Draper paid $20,000,000 for 29,658 BTC. $20,000,000/29,658=$674.35 per BTC. So the outcome of this bet is YES he did pay more than the market high on June 27th.
#3620: Anonymous 01-08-14 at 03:50
#3612 derp
#3622: Anonymous 01-08-14 at 08:11
Sounds more like shitty journalist rounding numbers.
#3623: Anonymous 01-08-14 at 08:35
The quote is gone from businessweek (google still has it cached, they had it and deleted it).
#3626: Cunt 02-08-14 at 12:58
We will have to wait for what the CoinDesk Bitcoin Price Index reports he paid. Those are the terms of the bet.
#3627: Anonymous 02-08-14 at 16:11
Coindesk Price Index is for the daily high on July 27 you derp. Any legitimate source, like a foia request would resolve this.
#3628: Cunty Cuntsacks 02-08-14 at 16:25
Can’t wait for the FOIA results in 2064
#3629: Anonymous 02-08-14 at 19:54
Imagine how much your Bitcoin will be worth by 2064!
#3637: REFUND US 07-08-14 at 17:09
We should all email them at infobitbet.us and tell them to refund all of our bets!
#3642: Anonymous 07-08-14 at 20:52
Or email your congressman and tell them to make the USG follow the law. Either way.
#3645: Deadline 08-08-14 at 12:43
So is September 2, 2014 the agreed upon deadline to have this bet resolved or be refunded?
It’s gone from ridiculous to absurd.
#3647: Anonymous 08-08-14 at 19:33
#3645 Seems to make the most sense, although I have no authority here.
#3681: Anonymous 13-08-14 at 21:56
3642 – what is the law?
#3745: Anonymous 18-08-14 at 17:03
I am the law.
#3786: Mircea Popescu 20-08-14 at 11:12
Less than 2 weeks until the bets are refunded.
If the information has not been released by September 2, 2014 all bets in this matter will be refunded.
#3800: Mircea Popescu 21-08-14 at 19:23
Any idiot can post as Mircea.
Source: Am doing.
#3803: Mircea Popescu 22-08-14 at 02:59
Me too.
#3805: Mircea Popescu 22-08-14 at 03:31
Mircea Popescu is an idiot.
Source: self
#3808: Anonymous 22-08-14 at 21:59
Idiots spell it Mirceau.
#3809: Mirceau 23-08-14 at 01:34
You are an idiot.
#3810: Idi Amin 23-08-14 at 09:07
What is all this ruckus.
#3842: Anonymous 02-09-14 at 16:46
This getting resolved today?
#3844: Mircea Popescu 03-09-14 at 04:50
Let’s take a look again on 1st March.
#3859: Nostradamus 08-09-14 at 12:10
March 1, 2025?
Let’s seriously have a look at resolving this in the year 2014.
#3863: Anonymous 08-09-14 at 22:49
At some point the victorious Taliban troops will unearth the secret archives of the criminal US regime. Have faith.
#3869: Anonymous 11-09-14 at 16:08
WTF?????
#3786: Mircea Popescu 20-08-14 at 11:12
Less than 2 weeks until the bets are refunded.
If the information has not been released by September 2, 2014 all bets in this matter will be refunded.
#3870: Saddam Hussein Obama the 3rd 11-09-14 at 19:15
#3869, does your mother know she’s got a stupid kid?
#3885: Anonymous 14-09-14 at 18:03
Can someone propose a new bet about this bet stating that it will close by a certain date? Please?
#3886: Anonymous 14-09-14 at 22:24
Someone such as…you?
#3939: Anonymous 19-09-14 at 14:00
Just refund us the 99%. Or keep our money and pay us at an the same rate of the MPIF loan of 7 btc. Holding onto our money for this long is essentially the same thing.
#3941: Mircea Popescu 19-09-14 at 14:19
I’m entitled to free beer and wine