|
Title: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 08, 2013, 11:54:05 PM Folks and Bitcoiners,
inspired by the demand for ASICMINER shares observed in Namworld's auction (https://bitcointalk.org/index.php?topic=141067.0), I want to provide some more liquidity and offer 5000 shares for sale. What Since you're reading this, I assume you know what you are bidding for, otherwise please go and check the related thread (https://bitcointalk.org/index.php?topic=99497.0). In short:
My preference is to sell all 5'000 shares to a single person entering ASICMINER's board. But since I am not sure whether the past fiascoes left enough folks with deep pockets around, I will accept partial buys in blocks of 100 shares. How Place your bid in the form of Code: shares @ price If the auction succeeds, you'll be given 48h to transfer the coins to an escrow account. The shares will be transferred to you as soon as the ASICMINER trading platform starts (which is before first dividends are paid). Since my shares are locked-in with friedcat directly, if all shares are bought by one investor, we might get an instant contractual transfer before the exchange opens. Do this either
I will update the list of active bids at least once a day. When Auction starts immediately effective and ends with one of these events happening first: 1) 2013-02-16T20:00Z (Saturday, 2013-02-16 20:00 UTC) && no counterbidding during past 12h 2) ASICMINER pays first dividend There is an undisclosed reserve price tied to this auction under which I will not sell. ((c) Namworld) Who You most probably don't know me, but since all transfers in this auction will be escrowed, you do not really need to. Holding some ASICMINER shares is maybe the only thing I did right so far in the Bitcoin world ;) My most visible footprint here is to operate ZETA-MINING (see my sig), a FPGA (CM1) based mining venture. For some time it has been the largest mining node in Switzerland - until the first ASIC device finds its way (which sadly will not be to my location :(). Although I work silently in the background, some of the most respected community members (Graet, friedcat, Meni, etc.) can vouch for me. Why 2012 was really a disastrous year for my Bitcoin operations and investments, loosing 8k+ in BTC and 30k+ in fiat. Simple truth is: I want to limit my losses with this sale, and while I am pretty sure that holding ASICMINER long-term will be more profitable, I need a relieving cut and fresh start. Happy bidding, zefir Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ineededausername on February 09, 2013, 12:09:00 AM 5000 @ 0.2
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ineededausername on February 09, 2013, 12:09:18 AM edit: sorry, didn't see min of 0.3.
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 09, 2013, 12:12:03 AM edit: sorry, didn't see min of 0.3. Hi INAU, long time no see, how's it going? Please delete your previous post to invalidate the bid. Thanks, zefir Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ineededausername on February 09, 2013, 12:13:57 AM edit: sorry, didn't see min of 0.3. Hi INAU, long time no see, how's it going? Please delete your previous post to invalidate the bid. Thanks, zefir You can't delete a post in the Auction forum because scammers would delete their bids, sorry. The bid did not follow thread rules, so it is already invalid. :) Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 09, 2013, 12:21:46 AM You can't delete a post in the Auction forum because scammers would delete their bids, sorry. The bid did not follow thread rules, so it is already invalid. :) Oh, really? Was not aware of that rule... Thought people are quoting the bid states in other threads to prevent scams ;) Cheers, zefir Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: DiabloD3 on February 09, 2013, 09:18:45 AM 300 @ 0.30
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 09, 2013, 09:44:17 AM 300 @ 0.30
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: SaintFlow on February 09, 2013, 03:38:24 PM 100 @ 0.3BTC
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: SaintFlow on February 09, 2013, 06:29:03 PM Can you specify the escrow, please?
Also, since you even are a member of the board, please let friedcat confirm that you indeed hold this much shares. Thank you Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 09, 2013, 10:44:02 PM Can you specify the escrow, please? Also, since you even are a member of the board, please let friedcat confirm that you indeed hold this much shares. Thank you Escrow After a successful auction, I will propose at least two established community members who will provide escrow service free of charge for buyer. If buyer is not trusting all of them, he is free to select a different escrow, but will have to cover related fees. Proof of Ownership Sure I can ask friedcat to approve my ownership, but from my latest communication I know he is really busy right now and might not make it before the auction terminates. OTOH I do not really see why I would be wasting time setting up an auction if I did not have the shares ??? But if you feel better, I can provide my PGP signed share lock-in contract to someone for verification under NDA. Just let me know who you trust. Current bidding state: -----Bidder----- --Amount-- --BTC/Share-- DiabloD3 300 0.30 Vezunchik 300 0.30 SaintFlow 100 0.30 ---------------- ---------- ----------- Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: cedivad on February 10, 2013, 10:13:38 AM 1/400k of the 1% of the remaining 10M BTC to be mined = 0.25BTC / share; 0.25+0.1BTC = 0.35BTC.
How can one really believe that will have more than 0.35BTC per share back? Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 10, 2013, 10:58:47 AM 1/400k of the 1% of the remaining 10M BTC to be mined = 0.25BTC / share; 0.25+0.1BTC = 0.35BTC. How can one really believe that will have more than 0.35BTC per share back? Where does your 1% come from? My scenario goes like this: * operation starts next week with 30% of total network hashing power * 18k BTC will at estimated difficulty will be mined within 2-3 weeks, enough to return the invested 0.1BTC per share at IPO * Avalon (and maybe BFL) ASICs enter the game and the portion of network power will decline * ASICMINER continuously adds hashing power to keep a share of 5-10% of network The big question-mark now is, how competitive holding a minimum network share will be and what will remain as gross profit. If it is 1%, you're completely right. If it is 2%, you're not. Speculation at its best :) Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: cedivad on February 10, 2013, 11:22:27 AM * Avalon (and maybe BFL) ASICs enter the game and the portion of network power will decline In 6 months the highest cost of running an ASIC farm will be the power. Only a few entitled entities will have access to lower nm optimizations and will be able to compete.Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ThickAsThieves on February 10, 2013, 03:57:56 PM 200 @ 0.3BTC
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: kjj on February 10, 2013, 05:05:13 PM 100 @ 0.3 each
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 11, 2013, 08:35:07 AM * Avalon (and maybe BFL) ASICs enter the game and the portion of network power will decline In 6 months the highest cost of running an ASIC farm will be the power. Only a few entitled entities will have access to lower nm optimizations and will be able to compete.Today, even GPU mining is still profitable (somewhere) - with a power efficiency ~1000 times worse than ASICs. It will just take time to saturate the mining market to a degree where power matters. Of course I am biased ;), but I expect ASICMINER to be able to keep a significant share of the network (say 10%+) for at least 6 months - by that time BFL and Avalon saturated the mining market to a degree where ROI went from 2 weeks to a year and enter a price fight. This is where the focus moves from US$/GH to J/GH, but still: since ASICMINER can deploy hashing power at any time at production costs in contrast to other miners who need to pay retail prices, there is a long road to go until we hit equilibrium. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 11, 2013, 08:37:35 AM Current bidding state:
-----Bidder----- --Amount-- --BTC/Share-- PM.1 100 0.31 DiabloD3 300 0.30 Vezunchik 300 0.30 SaintFlow 100 0.30 kjj 100 0.30 ---------------- ---------- ----------- Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 11, 2013, 08:40:36 AM Sorry, forgot ThickAsThieves.
Current bidding state: -----Bidder----- --Amount-- --BTC/Share-- PM.1 100 0.31 DiabloD3 300 0.30 Vezunchik 300 0.30 SaintFlow 100 0.30 ThickAsThieves 200 0.30 kjj 100 0.30 ---------------- ---------- ----------- Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 11, 2013, 12:10:27 PM Last 300 @ 0.3 and a new 125 @ 0.3.
So my last bid 420 @ 0.3 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 11, 2013, 12:13:24 PM Sorry - forgot about x100 restriction. So let it be
400@0.3 Last 300 @ 0.3 and a new 125 @ 0.3. So my last bid 420 @ 0.3 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 11, 2013, 08:20:38 PM Current bidding state:
-----Bidder----- --Amount-- --BTC/Share-- PM.1 100 0.31 DiabloD3 300 0.30 SaintFlow 100 0.30 Vezunchik 300 0.30 ThickAsThieves 200 0.30 kjj 100 0.30 PM.2 700 0.30 Vezunchik 100 0.30 ---------------- ---------- ----------- Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: wisard on February 12, 2013, 12:18:55 PM My bid:
400 @ 0.3 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Blazr on February 12, 2013, 03:51:49 PM 100 @ 0.3
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: superbit on February 12, 2013, 08:52:41 PM 100 @ 0.3
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 12, 2013, 09:21:34 PM Current bidding state (2013-02-12T21:00Z):
-----Bidder----- --Amount-- --BTC/Share-- skibum 100 0.31 DiabloD3 300 0.30 SaintFlow 100 0.30 Vezunchik 300 0.30 ThickAsThieves 200 0.30 kjj 100 0.30 PM.2 700 0.30 Vezunchik 100 0.30 wisard 400 0.30 PM.3 3300 0.30 Blazr 100 0.30 superbit 100 0.30 ---------------- ---------- ----------- Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: DiabloD3 on February 12, 2013, 09:25:07 PM Current bidding state (2013-02-12T21:00Z): -----Bidder----- --Amount-- --BTC/Share-- skibum 100 0.31 DiabloD3 300 0.30 SaintFlow 100 0.30 Vezunchik 300 0.30 ThickAsThieves 200 0.30 kjj 100 0.30 PM.2 700 0.30 Vezunchik 100 0.30 wisard 400 0.30 PM.3 3300 0.30 Blazr 100 0.30 superbit 100 0.30 ---------------- ---------- ----------- Unless I did my math wrong, that adds up to 5800. Somebody needs to be rejected to the outbid list. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 12, 2013, 09:33:53 PM Unless I did my math wrong, that adds up to 5800. Somebody needs to be rejected to the outbid list. You're right. I assumed it is too early to draw the cut-off line and everybody is able to do the math ;) Current bidding state (2013-02-12T21:30Z): -----Bidder----- --Amount-- --BTC/Share-- skibum 100 0.31 DiabloD3 300 0.30 SaintFlow 100 0.30 Vezunchik 300 0.30 ThickAsThieves 200 0.30 kjj 100 0.30 PM.2 700 0.30 Vezunchik 100 0.30 wisard 400 0.30 PM.3 2700 0.30 --------------- Outbid ---------------- PM.3 600 0.30 Blazr 100 0.30 superbit 100 0.30 ---------------- ---------- ----------- Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: wisard on February 12, 2013, 09:41:45 PM Thanks.
I am changing my bid. 200 @ 0.3 200 @ 0.31 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: superbit on February 12, 2013, 09:58:53 PM 100 @ 0.32
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 12, 2013, 11:18:58 PM 400 @ 0.31
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: 🏰 TradeFortress 🏰 on February 13, 2013, 09:30:58 AM 100 @ 0.31
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: DiabloD3 on February 13, 2013, 09:52:01 AM 300 * 0.31
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 13, 2013, 09:35:56 PM Current bidding state (2013-02-13T21:30Z):
-----Bidder----- --Amount-- --BTC/Share-- superbit 100 0.32 PM.4 200 0.32 skibum 100 0.31 wisard 200 0.31 Vezunchik 400 0.31 TradeFortress 100 0.31 DiabloD3 300 0.31 PM.2 800 0.31 DiabloD3 300 0.30 SaintFlow 100 0.30 Vezunchik 300 0.30 ThickAsThieves 200 0.30 kjj 100 0.30 PM.2 700 0.30 Vezunchik 100 0.30 wisard 200 0.30 PM.3 800 0.30 --------------- Outbid ---------------- PM.3 2500 0.30 Blazr 100 0.30 superbit 100 0.30 ---------------- ---------- ----------- Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ThickAsThieves on February 13, 2013, 09:48:15 PM Please update my bids to be
200 @ .30 100 @ .31 (300 total) Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ineededausername on February 14, 2013, 05:17:45 PM probably relevant that hashing has begun and we're the first >1TH/s miner on the network
https://bitcointalk.org/index.php?topic=99497.msg1527549#msg1527549 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: mb300sd on February 14, 2013, 05:22:56 PM 300 @ .31
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ghostshirt on February 14, 2013, 06:53:10 PM 300 @ .33
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ahdinosaur on February 14, 2013, 07:25:40 PM 100 @ 0.33
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 14, 2013, 08:38:34 PM Current bidding state (2013-02-13T21:30Z): -----Bidder----- --Amount-- --BTC/Share-- superbit 100 0.32 PM.4 200 0.32 skibum 100 0.31 wisard 200 0.31 Vezunchik 400 0.31 TradeFortress 100 0.31 DiabloD3 300 0.31 PM.2 800 0.31 DiabloD3 300 0.30 SaintFlow 100 0.30 Vezunchik 300 0.30 ThickAsThieves 200 0.30 kjj 100 0.30 PM.2 700 0.30 Vezunchik 100 0.30 wisard 200 0.30 PM.3 800 0.30 --------------- Outbid ---------------- PM.3 2500 0.30 Blazr 100 0.30 superbit 100 0.30 ---------------- ---------- ----------- zefir, pleasure correct bid order: SaintFlow 100@0.3 was in 9 post. Vezunchik 300@0.3 was in 9 post. PM.2 700@0.3 was in 22 post. Blaz 100@0.3 was in 24 post. PM.3 3300@0.3 was in 26 post. so PM.2 800 0.31 DiabloD3 300 0.30 Vezunchik 300 0.30 SaintFlow 100 0.30 .... kjj 100 0.30 Vezunchik 100 0.30 PM.2 700 0.30 wisard 200 0.30 Blazr 100 0.30 superbit 100 0.30 PM.3 2500 0.30 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 14, 2013, 08:51:05 PM You may think about including post numbers in your table, and making posts for PMs to make delay for them smaller. Like this:
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: DiabloD3 on February 14, 2013, 08:56:38 PM And I shouldn't be listed twice. I'm only bidding on 300 shares. My current bid is 300 @ 0.31.
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ThickAsThieves on February 14, 2013, 09:05:49 PM Please change my bid(s) to simply be
300 @ .32 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 14, 2013, 09:14:06 PM You may think about including post numbers in your table, and making posts for PMs to make delay for them smaller. Like this: Yes, bids are heating up, so I'll go for two updates a day (can't do more, have to work and sleep, sadly :P)As for the additional info you proposed: linking to the post-numbers is a good idea. The proposed table with shares left and bought does not provide more information than the current format with the outbid line does, so I'll keep it as is. Thanks for the input. And I shouldn't be listed twice. I'm only bidding on 300 shares. My current bid is 300 @ 0.31. Sorry, I'm not too experienced with auctions. I saw some posters explicitly stating to replace their existing bids, that's why I assumed placing a new bid does not automatically invalidate previous ones. I'd appreciate if future bids would explicitly state that information (unless it is some unwritten rule). I assure you that ASICMINER shares won't go for 0.30 from now on for a long time, nevertheless I'll remove your 300@0.3 bid from the list. Thanks, zefir Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 14, 2013, 10:20:43 PM zefir, pleasure correct bid order: [...] Did, please check. Current bidding state (2013-02-14T22:00Z): -- # -- -----Bidder----- --Amount-- --BTC/Share-- 44 PM.8 1400 0.35 38 ghostshirt 300 0.33 39 ahdinosaur 100 0.33 44 PM.6 100 0.33 44 PM.7 1000 0.33 30 superbit 100 0.32 34 PM.4 200 0.32 43 ThickAsThieves 300 0.32 18 skibum (PM.1) 100 0.31 29 wisard 200 0.31 31 Vezunchik 400 0.31 32 TradeFortress 100 0.31 33 DiabloD3 300 0.31 34 PM.2 400 0.31 -------------------- Outbid ------------------- 34 PM.2 400 0.31 37 mb300sd 300 0.31 44 LainZ (PM) 100 0.31 8 Vezunchik 300 0.30 9 SaintFlow 100 0.30 16 kjj 100 0.30 21 Vezunchik 100 0.30 22 PM.2 700 0.30 23 wisard 200 0.30 24 Blazr 100 0.30 25 superbit 100 0.30 26 PM.3 3300 0.30 ------- ---------------- ---------- ----------- I realize, I'm getting too old for this kind of smart sh*t :( Vezunchik, how about you handling this auction for me? Let's say max{3BTC;100$} for you to update the bid list twice a day until auction is over? I'd post those bids I receive PMd and you take care of correct accounting and terminating the auction. Deal? Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: wachtwoord on February 14, 2013, 10:25:57 PM If he doesn't take the job, I will.
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: wisard on February 14, 2013, 10:26:52 PM Changing my bid and amount of shares.
300 @ 0.34 300 @ 0.36 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: mb300sd on February 14, 2013, 10:48:22 PM 300 @ .33
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ineededausername on February 14, 2013, 10:58:49 PM -- # -- -----Bidder----- --Amount-- --BTC/Share-- 47 wisard 300 0.36 44 PM.8 1400 0.35 47 wisard 300 0.34 38 ghostshirt 300 0.33 39 ahdinosaur 100 0.33 44 PM.6 100 0.33 44 PM.7 1000 0.33 48 mb300sd 300 0.33 30 superbit 100 0.32 34 PM.4 200 0.32 43 ThickAsThieves 300 0.32 18 skibum (PM.1) 100 0.31 31 Vezunchik 400 0.31 32 TradeFortress 100 0.31 -------------------- Outbid ------------------- 33 DiabloD3 300 0.31 34 PM.2 800 0.31 37 mb300sd 300 0.31 44 LainZ (PM) 100 0.31 8 Vezunchik 300 0.30 9 SaintFlow 100 0.30 16 kjj 100 0.30 21 Vezunchik 100 0.30 22 PM.2 700 0.30 23 wisard 200 0.30 24 Blazr 100 0.30 25 superbit 100 0.30 26 PM.3 3300 0.30 ------- ---------------- ---------- ----------- Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: DiabloD3 on February 14, 2013, 11:34:34 PM Time to up my bid to 300 @ 0.33 then.
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: bitcad on February 14, 2013, 11:55:16 PM 100 @ 0.33
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ineededausername on February 14, 2013, 11:58:08 PM -- # -- -----Bidder----- --Amount-- --BTC/Share-- 47 wisard 300 0.36 44 PM.8 1400 0.35 47 wisard 300 0.34 38 ghostshirt 300 0.33 39 ahdinosaur 100 0.33 44 PM.6 100 0.33 44 PM.7 1000 0.33 48 mb300sd 300 0.33 50 DiabloD3 300 0.33 51 bitcad 100 0.33 30 superbit 100 0.32 34 PM.4 200 0.32 43 ThickAsThieves 300 0.32 18 skibum (PM.1) 100 0.31 31 Vezunchik 100 0.31 -------------------- Outbid ------------------- 31 Vezunchik 300 0.31 32 TradeFortress 100 0.31 34 PM.2 800 0.31 37 mb300sd 300 0.31 44 LainZ (PM) 100 0.31 8 Vezunchik 300 0.30 9 SaintFlow 100 0.30 16 kjj 100 0.30 21 Vezunchik 100 0.30 22 PM.2 700 0.30 23 wisard 200 0.30 24 Blazr 100 0.30 25 superbit 100 0.30 26 PM.3 3300 0.30 ------- ---------------- ---------- ----------- Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ahdinosaur on February 15, 2013, 12:07:15 AM change my order to 200@0.34
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ineededausername on February 15, 2013, 12:09:57 AM -- # -- -----Bidder----- --Amount-- --BTC/Share-- 47 wisard 300 0.36 44 PM.8 1400 0.35 47 wisard 300 0.34 53 ahdinosaur 100 0.34 38 ghostshirt 300 0.33 44 PM.6 100 0.33 44 PM.7 1000 0.33 48 mb300sd 300 0.33 50 DiabloD3 300 0.33 51 bitcad 100 0.33 30 superbit 100 0.32 34 PM.4 200 0.32 43 ThickAsThieves 300 0.32 18 skibum (PM.1) 100 0.31 31 Vezunchik 100 0.31 -------------------- Outbid ------------------- 31 Vezunchik 300 0.31 32 TradeFortress 100 0.31 34 PM.2 800 0.31 37 mb300sd 300 0.31 44 LainZ (PM) 100 0.31 8 Vezunchik 300 0.30 9 SaintFlow 100 0.30 16 kjj 100 0.30 21 Vezunchik 100 0.30 22 PM.2 700 0.30 23 wisard 200 0.30 24 Blazr 100 0.30 25 superbit 100 0.30 26 PM.3 3300 0.30 ------- ---------------- ---------- ----------- Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ineededausername on February 15, 2013, 12:10:36 AM hold on, updatin
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ineededausername on February 15, 2013, 12:11:11 AM -- # -- -----Bidder----- --Amount-- --BTC/Share--
47 wisard 300 0.36 44 PM.8 1400 0.35 47 wisard 300 0.34 39 ahdinosaur 200 0.34 38 ghostshirt 300 0.33 44 PM.6 100 0.33 44 PM.7 1000 0.33 48 mb300sd 300 0.33 50 DiabloD3 300 0.33 51 bitcad 100 0.33 30 superbit 100 0.32 34 PM.4 200 0.32 43 ThickAsThieves 300 0.32 18 skibum (PM.1) 100 0.31 -------------------- Outbid ------------------- 31 Vezunchik 400 0.31 32 TradeFortress 100 0.31 34 PM.2 800 0.31 37 mb300sd 300 0.31 44 LainZ (PM) 100 0.31 8 Vezunchik 300 0.30 9 SaintFlow 100 0.30 16 kjj 100 0.30 21 Vezunchik 100 0.30 22 PM.2 700 0.30 23 wisard 200 0.30 24 Blazr 100 0.30 25 superbit 100 0.30 26 PM.3 3300 0.30 ------- ---------------- ---------- ----------- Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ineededausername on February 15, 2013, 12:11:43 AM it would be nice if I could edit these.
-- # -- -----Bidder----- --Amount-- --BTC/Share-- 47 wisard 300 0.36 44 PM.8 1400 0.35 47 wisard 300 0.34 39 ahdinosaur 200 0.34 38 ghostshirt 300 0.33 44 PM.6 100 0.33 44 PM.7 1000 0.33 48 mb300sd 300 0.33 50 DiabloD3 300 0.33 51 bitcad 100 0.33 30 superbit 100 0.32 34 PM.4 200 0.32 43 ThickAsThieves 300 0.32 18 skibum (PM.1) 100 0.31 -------------------- Outbid ------------------- 31 Vezunchik 400 0.31 32 TradeFortress 100 0.31 34 PM.2 800 0.31 37 mb300sd 300 0.31 44 LainZ (PM) 100 0.31 8 Vezunchik 300 0.30 9 SaintFlow 100 0.30 16 kjj 100 0.30 21 Vezunchik 100 0.30 22 PM.2 700 0.30 23 wisard 200 0.30 24 Blazr 100 0.30 25 superbit 100 0.30 26 PM.3 3300 0.30 ------- ---------------- ---------- ----------- Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 15, 2013, 01:35:41 AM Vezunchik, how about you handling this auction for me? Let's say max{3BTC;100$} for you to update the bid list twice a day until auction is over? I'd post those bids I receive PMd and you take care of correct accounting and terminating the auction. Deal? If he doesn't take the job, I will. Sorry wachtwoord && Vezunchik, INAU took the job for free before we even started negotiating :) Bug-Report From the PM communication with private bidders I realize I made a stupid mistake: some of them are interested only in getting the board seat, i.e. buy all the 5k shares or none. With the current offer this seems impossible, since given a state like Quote Someone for 100 shares @ 0.45 he would have to raise to 5000 @ 0.46 to secure the seat and continue to do so whenever someone increases the top bid. This makes it effectively fairly impossible to get all the 5k shares.Me for 5000 shares @ 0.43 All others at 0.41 or lower. It was not my intention to push the price for a future board member that way, but I simply overlooked that scenario. Since at the same time it is too late to change the rules now, I thought about some potential fix that I want to announce publicly as follows: Addendum If at the end of the auction a bidder bought X shares in total with X>=3'500, he is granted the option to buy (5'000 - X) additional shares for his highest bid price to reach board member status. Hope that solves it somehow. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 15, 2013, 01:42:15 AM PM.7: 5000 @ 0.35
PM.9: 200 @ 0.33 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ineededausername on February 15, 2013, 01:57:05 AM -- # -- -----Bidder----- --Amount-- --BTC/Share-- 47 wisard 300 0.36 44 PM.8 1400 0.35 55 PM.7 3300 0.35 -------------------- Outbid ------------------- 55 PM.7 1700 0.35 47 wisard 300 0.34 53 ahdinosaur 200 0.34 38 ghostshirt 300 0.33 44 PM.6 100 0.33 44 PM.7 1000 0.33 48 mb300sd 300 0.33 50 DiabloD3 300 0.33 51 bitcad 100 0.33 55 PM.9 200 0.33 30 superbit 100 0.32 34 PM.4 200 0.32 43 ThickAsThieves 300 0.32 18 skibum (PM.1) 100 0.31 31 Vezunchik 400 0.31 32 TradeFortress 100 0.31 34 PM.2 800 0.31 37 mb300sd 300 0.31 44 LainZ (PM) 100 0.31 8 Vezunchik 300 0.30 9 SaintFlow 100 0.30 16 kjj 100 0.30 21 Vezunchik 100 0.30 22 PM.2 700 0.30 23 wisard 200 0.30 24 Blazr 100 0.30 25 superbit 100 0.30 26 PM.3 3300 0.30 ------- ---------------- ---------- ----------- Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: mb300sd on February 15, 2013, 01:59:24 AM 500 @ .36
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: bitcad on February 15, 2013, 02:08:20 AM Please change my bid to 100 @ 0.37
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: DiabloD3 on February 15, 2013, 04:59:51 AM Update bid to 200 @ 0.36
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 15, 2013, 08:31:39 AM PMd updates:
LainZ: update to 100 @ 0.37 PM.9: update to 200 @ 0.36 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ghostshirt on February 15, 2013, 08:45:47 AM Please update my bid to:
300 @ 0.37 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: qukkM on February 15, 2013, 09:18:53 AM 200 @ 0.365
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 15, 2013, 09:23:42 AM This means exactly change of rules. Because you just throw away bids for (5'000 - X) shares, which were posted fully legal before.
The only way to do it fairly - "one second chance offer". At first you sold (X>=3'500) shares for theirs bid price. Then you make public offer for (5'000 - X) shares with highest price of them + 0.1 (or any other number...). First one who agrees, wins them. Vezunchik, how about you handling this auction for me? Let's say max{3BTC;100$} for you to update the bid list twice a day until auction is over? I'd post those bids I receive PMd and you take care of correct accounting and terminating the auction. Deal? If he doesn't take the job, I will. Sorry wachtwoord && Vezunchik, INAU took the job for free before we even started negotiating :) Bug-Report From the PM communication with private bidders I realize I made a stupid mistake: some of them are interested only in getting the board seat, i.e. buy all the 5k shares or none. With the current offer this seems impossible, since given a state like Quote Someone for 100 shares @ 0.45 he would have to raise to 5000 @ 0.46 to secure the seat and continue to do so whenever someone increases the top bid. This makes it effectively fairly impossible to get all the 5k shares.Me for 5000 shares @ 0.43 All others at 0.41 or lower. It was not my intention to push the price for a future board member that way, but I simply overlooked that scenario. Since at the same time it is too late to change the rules now, I thought about some potential fix that I want to announce publicly as follows: Addendum If at the end of the auction a bidder bought X shares in total with X>=3'500, he is granted the option to buy (5'000 - X) additional shares for his highest bid price to reach board member status. Hope that solves it somehow. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: SAC on February 15, 2013, 09:30:21 AM PMd updates: LainZ: update to 100 @ 0.37 PM.9: update to 200 @ 0.36 The whole point of the auction section being no editing/deleting of posts is this, posts in the thread with the offers being made in public so there can be no dispute as to what happened, you posting PM offers is not that. If they have time to PM they have time to post, I have reported this post for breaking the auction rules. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: qukkM on February 15, 2013, 12:03:22 PM Additional, 200 @ 0.3
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 15, 2013, 12:13:54 PM Well, I thought that it will be too impolite to point to this situation (because I don't know reasons why PMs want to stay private), but I agree.
The whole point of the auction section being no editing/deleting of posts is this, posts in the thread with the offers being made in public so there can be no dispute as to what happened, you posting PM offers is not that. If they have time to PM they have time to post, I have reported this post for breaking the auction rules. And this means that zefir now presents PMs interests and makes this bid for them. There is now problem - it's just regular bid. Time of this bids - time of post in this topic, and that is all. PMd updates: LainZ: update to 100 @ 0.37 PM.9: update to 200 @ 0.36 If zefir agrees with this interpretation I can see nothing to worry about. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 15, 2013, 01:03:45 PM This means exactly change of rules. Because you just throw away bids for (5'000 - X) shares, which were posted fully legal before. The only way to do it fairly - "one second chance offer". At first you sold (X>=3'500) shares for theirs bid price. Then you make public offer for (5'000 - X) shares with highest price of them + 0.1 (or any other number...). First one who agrees, wins them. Sorry for my mistake - English is not my natural language. I meant public offer for (5'000 - X) shares in case that "smaller" bidder agrees looks like: bids: H 4400@10 ------ A 100@10 B 100@20 C 300@30 D 100@30 one second chance offer in next hour answer yes or no: A 100@30.1 B 100@30.1 C 300@30.1 D 100@30.1 ------ H 500@30.1 answers in one hour: C - yes H - yes A - yes D - no hour ends B - yes shares transfer: H - 4400@10 C - 300@30.1 H - 200@30.1 A - 0 D - 0 B - 0 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 15, 2013, 03:51:43 PM Sorry for my mistake - English is not my natural language. [...] Hey, it is not mine either - that's why my post was misleading. Please allow me to clarify: Addendum If at the end of the auction a bidder bought X shares in total with X>=3'500, he is granted the option to buy (5'000 - X) additional shares for his highest bid price to reach board member status. Clarification
I understand the confusion comes from an assumption that I am dumping all my ASICMINER shares with this auction. That's not the case and I hope you understand this is an offer I added to increase fairness, not to decrease it. Please let me know if this clarifies it for you. Thanks, zefir Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: DiabloD3 on February 15, 2013, 04:22:03 PM Sorry for my mistake - English is not my natural language. [...] Hey, it is not mine either - that's why my post was misleading. Please allow me to clarify: Addendum If at the end of the auction a bidder bought X shares in total with X>=3'500, he is granted the option to buy (5'000 - X) additional shares for his highest bid price to reach board member status. Clarification
I understand the confusion comes from an assumption that I am dumping all my ASICMINER shares with this auction. That's not the case and I hope you understand this is an offer I added to increase fairness, not to decrease it. Please let me know if this clarifies it for you. Thanks, zefir Yes, but the side effect of altering the terms of the auction is anyone would have the right to reject the new terms and remove their bids as long as they did not bid after this rule change (thus implicitly accepting the new terms). Although, I don't think this will be a problem, they will soon be outbid anyhow. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 15, 2013, 04:37:13 PM PMd updates: LainZ: update to 100 @ 0.37 PM.9: update to 200 @ 0.36 The whole point of the auction section being no editing/deleting of posts is this, posts in the thread with the offers being made in public so there can be no dispute as to what happened, you posting PM offers is not that. If they have time to PM they have time to post, I have reported this post for breaking the auction rules. Hey SAC, dude, slow down and relax. Why don't you politely bring up your concern and point me to where I am wrong to fix it instead of calling the police right away? Shoot first ask later, no? Actually, If your report helps to clarify whether anonymous bidding is allowed or not, I frankly would be very thankful. I looked through the forum to find some terms and rules for auctions, but since there are none I used common sense to accept PMd bids. Fact is, there are some bidders that do not want to expose their identity or nick to the public. From what I see they are either 1) senior members that prefer to not reveal 2) newbies that just entered the Bitcoin world and can't post outside the newbies thread Now, what is your concern with those folks using me (or whoever they want) as middleman to place anonymous bids? If there is someone that needs to be worried, isn't that me? I might end up loosing enforcement mechanisms to finalize trades (i.e. bidder changed his mind after auction ends and gives a damn about getting his new account tagged as scammer), but why do you think there is something to worry on the buyer/bidder side? Maybe I just don't see the obvious, but if you have valid arguments I am fine with asking the anonymous bidders to reveal their nick (like two already did, if you followed). Thanks, zefir Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Jutarul on February 15, 2013, 04:55:52 PM Maybe I just don't see the obvious, but if you have valid arguments I am fine with asking the anonymous bidders to reveal their nick (like two already did, if you followed). Using a forum software, where anybody can create multiple users, it doesn't make a difference whether you'd try to manipulate through PMs or newly created users posting bids. Thanks, zefir Actually the best way to do this would be a silent auction, where the seller accepts bids until a deadline and then publishes the winning bids. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 15, 2013, 04:58:26 PM Yes, but the side effect of altering the terms of the auction is anyone would have the right to reject the new terms and remove their bids as long as they did not bid after this rule change (thus implicitly accepting the new terms). Although, I don't think this will be a problem, they will soon be outbid anyhow. I fail to understand how this can be perceived as a change of auction terms. I should have better posted the offer in a separate thread or just PMd the related bidder, but instead decided to remain fully transparent - lesson learned :(. Not going to argue further. Whoever feels the option I am offering to reach board member status is an unacceptable change of terms, please feel free to remove your pending bids. This grant is valid for all bids posted above this post. Sorry for confusion, next time I'm going to use a bidding platform, promised. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 15, 2013, 05:20:33 PM PM.3: update to 4500 @ 0.36BTC
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: asnonmous on February 15, 2013, 05:26:35 PM 5000 shares @ 0.37 btc
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 15, 2013, 05:35:24 PM 5000 shares @ 0.37 btc Thanks for bidding in public and distorting some of the paranoia here. For the records: so far, this was bidder PM.7 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: DiabloD3 on February 15, 2013, 05:37:42 PM 5000 shares @ 0.37 btc Aaaaand hes now outbid everyone. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: SaintFlow on February 15, 2013, 05:58:34 PM ... one should be at least be Sr. Member, but perhaps I am biased..... :-\
go go gadget low profile ;D Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: kjj on February 15, 2013, 06:09:44 PM 100 shares @ 0.38 each
Hopefully the 5000 guy now understands that he doesn't need to keep bidding his own prices up. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 15, 2013, 06:41:31 PM Don't you think that allowing bidders to change their bids is a bad idea, as well as reposting them endlessly? I may make bid 5000@0.8 and then say "please update my bid to 1@0.4", and you will end with lower income (4999 for left bids) and arbiter will do hard work making his tables - "is this bid new or old one? And what time is belongs - is is in game, or under 5K shares border by time sorting rule?".
instead of this you may think about 2 options: 1. Simply add maximum amount to all bids: 100@0,3 M100 -> 100@0.31 M200 100@0.32 M200 with 5K border at 50@0.31 bid =>will bought 50@0.31 + 100@0.32, or if 5K shares border below 100@0.31 100@0.31 + 100@0.32. And all clear with time order. 2. At lest make bidders to write post numbers in their messages: #25 100@0.3 - confirm #27 200@0.35 - cancel new 250@0.35 Too many "suggestions" from me, I see. But I am simply trying to make things more clear, sorry if it is too annoying... You may think about including post numbers in your table, and making posts for PMs to make delay for them smaller. Like this: Yes, bids are heating up, so I'll go for two updates a day (can't do more, have to work and sleep, sadly :P)As for the additional info you proposed: linking to the post-numbers is a good idea. The proposed table with shares left and bought does not provide more information than the current format with the outbid line does, so I'll keep it as is. Thanks for the input. And I shouldn't be listed twice. I'm only bidding on 300 shares. My current bid is 300 @ 0.31. Sorry, I'm not too experienced with auctions. I saw some posters explicitly stating to replace their existing bids, that's why I assumed placing a new bid does not automatically invalidate previous ones. I'd appreciate if future bids would explicitly state that information (unless it is some unwritten rule). I assure you that ASICMINER shares won't go for 0.30 from now on for a long time, nevertheless I'll remove your 300@0.3 bid from the list. Thanks, zefir Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 15, 2013, 06:48:41 PM LainZ: update to 100 @ .38
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: asnonmous on February 15, 2013, 06:51:14 PM is is in game, or under 5K shares border by time sorting rule?". Also unclear how the time-sorting rule will be applied to PM'd bids. I would think in the name of fairness, PM'd bids would have to be a "bidder's risk" type of scenario, i.e. when zefir can repost it to the thread it counts. Hence why I made this account to remain anonymous but still bid. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 15, 2013, 07:15:51 PM That is what I was talking about. At that moment mb300sd bid 300@0.31#37 was active. People overbid simply because they can't understand where is 5K border and what amount they will pay for. Or may be I can't understand mb300sd and others plan...
300 @ .33 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 15, 2013, 07:19:47 PM Don't you think that allowing bidders to change their bids is a bad idea, as well as reposting them endlessly? I may make bid 5000@0.8 and then say "please update my bid to 1@0.4", and you will end with lower income (4999 for left bids) and arbiter will do hard work making his tables - "is this bid new or old one? And what time is belongs - is is in game, or under 5K shares border by time sorting rule?". instead of this you may think about 2 options: 1. Simply add maximum amount to all bids: 100@0,3 M100 -> 100@0.31 M200 100@0.32 M200 with 5K border at 50@0.31 bid =>will bought 50@0.31 + 100@0.32, or if 5K shares border below 100@0.31 100@0.31 + 100@0.32. And all clear with time order. 2. At lest make bidders to write post numbers in their messages: #25 100@0.3 - confirm #27 200@0.35 - cancel new 250@0.35 Too many "suggestions" from me, I see. But I am simply trying to make things more clear, sorry if it is too annoying... No, it is not annoying, I appreciate all your input if it improves the processing in any way. Openly speaking, I did not expect so many pitfalls and sources for misunderstanding when I started this auction. Reading other threads seemed that it is an easy process - which in fact is if you are bidding for one item. I am trying to adapt what I know from commercial bidding platforms and use common sense, so I'm sorry it still bears so much confusion. As for the bid updates: The problem you were describing does actually not exist: updating a bid goes only one direction, i.e. you con only update an existing bid for the same amount of shares by increasing the price. Everything else is not an update but a new bid. So posting 5000@0.8 first and 1@0.4 after will result in two active bids, otherwise the whole bidding process won't work. I added the post numbers to the bid status table and think it is quite clear. I'd refrain from adding more data to it and make it less readable, since I think it serves its purpose and we have the complete bid log in case of disputes available anyhow. What do you think? Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 15, 2013, 07:43:21 PM As for the bid updates: Well, new rule "you con only update an existing bid for the same amount of shares by increasing the price" makes things absolutely clear, thank you. (If this question was for me...)The problem you were describing does actually not exist: updating a bid goes only one direction, i.e. you con only update an existing bid for the same amount of shares by increasing the price. Everything else is not an update but a new bid. So posting 5000@0.8 first and 1@0.4 after will result in two active bids, otherwise the whole bidding process won't work. I added the post numbers to the bid status table and think it is quite clear. I'd refrain from adding more data to it and make it less readable, since I think it serves its purpose and we have the complete bid log in case of disputes available anyhow. What do you think? Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 15, 2013, 07:44:43 PM That is what I was talking about. At that moment mb300sd bid 300@0.31#37 was active. People overbid simply because they can't understand where is 5K border and what amount they will pay for. Or may be I can't understand mb300sd and others plan... Nah, please understand that this is not an automated auction system. I have a life and am not going to wait for any bid to update the table 24/7. I got a day job to handle, so that is just not doable. I update the table twice a day and I am expecting anyone to be able to add the new bids since last status update for his decision. Otherwise, he would just wait for the next update. I do not really see the problems addressed here being issues for the following reasons
So please let us be sane and make this an enjoyable experience for us all. I assure you there will be no reason for disputes. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: asnonmous on February 15, 2013, 07:46:37 PM 100 shares @ 0.38 each Hopefully the 5000 guy now understands that he doesn't need to keep bidding his own prices up. Since I've also gotten a PM about this, I thought I'd clarify. I'm not driving my own prices up. Someone else bid for 4500 shares @ 0.36, above me. Zefir's offer is for up-to an extra 1500 shares for someone who buys 3500+, so I'm not going to outbid someone who puts up a 100 or 200 share bid. Similarly, there are a lot of other ASICMiner share auctions going on right now, and the open market is coming soon. So clearly there is a cap on what these are worth, for each person to determine. Its kind of like buying and selling in the pre-and-post market times on the NYSE- You can buy, but it is at your own risk, and often you'll buy at one price only to have the actual market opening price be wildly different. We are a subset of the population that specifically looked for these shares, and thus, values them a lot. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 15, 2013, 07:49:28 PM As for the bid updates: Well, new rule "you con only update an existing bid for the same amount of shares by increasing the price" makes things absolutely clear, thank you. (If this question was for me...)The problem you were describing does actually not exist: updating a bid goes only one direction, i.e. you con only update an existing bid for the same amount of shares by increasing the price. Everything else is not an update but a new bid. So posting 5000@0.8 first and 1@0.4 after will result in two active bids, otherwise the whole bidding process won't work. I added the post numbers to the bid status table and think it is quite clear. I'd refrain from adding more data to it and make it less readable, since I think it serves its purpose and we have the complete bid log in case of disputes available anyhow. What do you think? Yes it was a response to your previous question. If you ever participate in other auctions, you should know that you can't update bids to the wrong direction ;) But glad to hear you're now fine with the rule. Cheers Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 15, 2013, 07:54:10 PM Please, don't take it personally. I simply looked through messages in a chronological order, filling in my table. And I was surprised when saw a bid raising price without need. That's all.
That is what I was talking about. At that moment mb300sd bid 300@0.31#37 was active. People overbid simply because they can't understand where is 5K border and what amount they will pay for. Or may be I can't understand mb300sd and others plan... Nah, please understand that this is not an automated auction system. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: wisard on February 15, 2013, 07:57:34 PM My new bid.
300 shares @ 0.4 200 shares @ 3.8 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 15, 2013, 08:10:12 PM Sorry again, I assure you - there is no problems. Just surprise and desire to understand the reason.
I'll make no posts causing disputes or doubts from this moment - just bids. I do not really see the problems addressed here being issues for the following reasons
So please let us be sane and make this an enjoyable experience for us all. I assure you there will be no reason for disputes. At the moment bids looks like:
So my bid is 200@0.38 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 15, 2013, 08:11:26 PM Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 15, 2013, 08:27:15 PM Made some mistakes. So to prevent disputes re-post:
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 15, 2013, 08:41:14 PM Current bidding state (2012-02-15T20:30Z):
-- # -- -----Bidder----- --Amount-- --BTC/Share-- 93 wisard 300 0.40 82 kjj 100 0.38 84 LainZ (PM) 100 0.38 93 wisard 200 0.38 94 Vezunchik 200 0.38 62 bitcad 100 0.37 65 ghostshirt 300 0.37 78 asnonmous 3700 0.37 -------------------- Outbid ------------------- 78 asnonmous 1300 0.37 47 wisard 300 0.36 61 mb300sd 500 0.36 63 DiabloD3 200 0.36 77 PM.3 4500 0.36 44 PM.8 1400 0.35 59 PM.7 5000 0.35 47 wisard 300 0.34 53 ahdinosaur 200 0.34 44 PM.6 100 0.33 44 PM.7 1000 0.33 48 mb300sd 300 0.33 50 DiabloD3 300 0.33 59 PM.9 200 0.33 30 superbit 100 0.32 34 PM.4 200 0.32 43 ThickAsThieves 300 0.32 18 skibum (PM.1) 100 0.31 31 Vezunchik 400 0.31 32 TradeFortress 100 0.31 34 PM.2 800 0.31 37 mb300sd 300 0.31 8 Vezunchik 300 0.30 9 SaintFlow 100 0.30 16 kjj 100 0.30 21 Vezunchik 100 0.30 22 PM.2 700 0.30 23 wisard 200 0.30 24 Blazr 100 0.30 25 superbit 100 0.30 26 PM.3 3300 0.30 69 qukkM 200 0.30 ------- ---------------- ---------- ----------- Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 15, 2013, 08:46:42 PM Update bid to 200 @ 0.36 It already got outbid, but could you please specify what kind of update you meant: 1) update your existing 300 @ 0.33 to 100 @ 33 + 200 @ 36 2) add a new bid on top of your existing one See how simple things get complicated ;) 200 @ 0.365 This also got outbid, but to make clear: prices are multiples of Bitcents, so that was an invalid bid and therefore not recorded. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 15, 2013, 08:51:45 PM See how simple things get complicated ;) ;)Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: DiabloD3 on February 15, 2013, 08:52:57 PM Update bid to 200 @ 0.36 It already got outbid, but could you please specify what kind of update you meant: 1) update your existing 300 @ 0.33 to 100 @ 33 + 200 @ 36 2) add a new bid on top of your existing one See how simple things get complicated ;) Clearly, update it. Although, either way, it leads to the same thing: I'm outbid at 0.33. And now I'm outbid at 0.36. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 15, 2013, 08:54:46 PM PM.6: update 100 @ 0.33 -> 100 @ 0.38
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ghostshirt on February 15, 2013, 09:01:19 PM So, to make some things clear, my bid is 300 @ 0.37 at the moment. Can I change it to 200 @ 0.39 or is it against the rules? All I can do is to update is as 300 @ some price above 0.37? :) Sorry about this. I got confused.
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 15, 2013, 09:18:21 PM So, to make some things clear, my bid is 300 @ 0.37 at the moment. Can I change it to 200 @ 0.39 or is it against the rules? All I can do is to update is as 300 @ some price above 0.37? :) Sorry about this. I got confused. ;D ;D ;D Now I can understand why people needs lawyers - every rule may be interpreted in many ways and there is always weak points in it... Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 15, 2013, 09:26:52 PM Upon multiple requests from bidders, I want to clarify one burning question.
When and how is this going to end The OP states Quote Auction starts immediately effective and ends with one of these events happening first: The second condition should be clear, since it is a defined event. To be more precise, it is the time when the dividend payments for the 5k shares propagate the network (received time). If this will be the ending event, I'll post the related transaction ID and invalidate all bids placed thereafter.1) 2013-02-16T20:00Z (Saturday, 2013-02-16 20:00 UTC) && no counterbidding during past 12h 2) ASICMINER pays first dividend The first condition should be obvious for those who ever bid on ricardo. It requires that a) the given deadline passed and b) that during the previous 12h no counter-bids were placed. This is typically used to prevent bid snipers from getting the item at the deadline's very last second. In addition to that and in light of this being a global auction, I put it to be a 12h silent period to even out time-zone effects. As one bidder pointed out, this opens the door for someone to prolong the auction to infinity. Well almost, since the second event (first divs payment) is an absolute deadline. Plus, since it is required to counter-bid (i.e. modifying the previous distribution, bidding below outbid is ignored) doing this costs the bidder something and he won't do it just for fun. tl;dr: in worst case, you will receive your shares shortly after first ASICMINER dividend payments, in best case when the trading platform opens (which is only shortly before). Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 15, 2013, 09:35:47 PM So, to make some things clear, my bid is 300 @ 0.37 at the moment. Can I change it to 200 @ 0.39 or is it against the rules? All I can do is to update is as 300 @ some price above 0.37? :) Sorry about this. I got confused. ;D ;D ;D Now I can understand why people needs lawyers - every rule may be interpreted in many ways and there is always weak points in it... That's why they are so expensive and we should try to avoid them ;D @ghostshirt: No, you can't just drop an existing bid of 300 @ 0.37 and change it to 200 @ 0.39. Isn't that obvious, since otherwise someone changing his mind would just update to higher bids with less shares until he reaches zero. What you can do is: split your existing bid of 300 @ 0.37 into two blocks (200 + 100) and update 200 shares to 0.39, ending with 100 @ 37 + 200 @ 39. Does the auction board really have no defined rules. If so, they are obviously overdue ;) Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ghostshirt on February 15, 2013, 09:54:35 PM So, to make some things clear, my bid is 300 @ 0.37 at the moment. Can I change it to 200 @ 0.39 or is it against the rules? All I can do is to update is as 300 @ some price above 0.37? :) Sorry about this. I got confused. ;D ;D ;D Now I can understand why people needs lawyers - every rule may be interpreted in many ways and there is always weak points in it... That's why they are so expensive and we should try to avoid them ;D @ghostshirt: No, you can't just drop an existing bid of 300 @ 0.37 and change it to 200 @ 0.39. Isn't that obvious, since otherwise someone changing his mind would just update to higher bids with less shares until he reaches zero. What you can do is: split your existing bid of 300 @ 0.37 into two blocks (200 + 100) and update 200 shares to 0.39, ending with 100 @ 37 + 200 @ 39. Does the auction board really have no defined rules. If so, they are obviously overdue ;) Thanks for the clarification. However, I believe that we can think this auction as follows: there are 50 units of the same entity (100 shares) that are being auctioned at the same time. Since the minimum amount is 1 unit (100 shares), I can lower my bid only to 1 unit, right? 300, then 200, then 100 shares and that's it. If I start bidding for 3 units, at certain point my budget would might allow me bid for only 1 unit. That does not sound implausible to me but rules are rules at the end. :) Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 15, 2013, 10:18:39 PM Thanks for the clarification. However, I believe that we can think this auction as follows: there are 50 units of the same entity (100 shares) that are being auctioned at the same time. Since the minimum amount is 1 unit (100 shares), I can lower my bid only to 1 unit, right? 300, then 200, then 100 shares and that's it. If I start bidding for 3 units, at certain point my budget would might allow me bid for only 1 unit. That does not sound implausible to me but rules are rules at the end. :) Hmm? Ack for the first part (treating the shares as blocks of 100), but not for the second part. See for yourself: * go to eBay and start bidding in a multi-item auction (say someone sells 50 USB cables) * you bid for 10 items at 0.3$ each * that bid becomes binding, i.e. all you can do is increase the price for some items * no way you can drop that bid and change to e.g. 7 at 0.4$ each * if noone outbids you, you are going to get 10 cables, no matter what To me that's the only reasonable way to implement binding bids, not? Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 15, 2013, 10:27:54 PM 200@0.38#94 - Confirmed
200@0.38 - The new one Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: kjj on February 15, 2013, 10:50:51 PM Quick question... Will the first dividend be paid to the winners?
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 15, 2013, 10:57:16 PM If you worry about situation when you have 100@0.3 100@0.5 and +20 BTC, but 100@0.2 is under outbid price and you want ~300@0.333 - then that's the problem. On eBay all items for any bid has the same price, growing up. My be here we must say "Summary BTC ammount for any bid growing up". For example 100@0.3->100@0.3(30->30 BTC) 100@0.5->200@0.35(50->70 BTC)?
Thanks for the clarification. However, I believe that we can think this auction as follows: there are 50 units of the same entity (100 shares) that are being auctioned at the same time. Since the minimum amount is 1 unit (100 shares), I can lower my bid only to 1 unit, right? 300, then 200, then 100 shares and that's it. If I start bidding for 3 units, at certain point my budget would might allow me bid for only 1 unit. That does not sound implausible to me but rules are rules at the end. :) Hmm? Ack for the first part (treating the shares as blocks of 100), but not for the second part. See for yourself: * go to eBay and start bidding in a multi-item auction (say someone sells 50 USB cables) * you bid for 10 items at 0.3$ each * that bid becomes binding, i.e. all you can do is increase the price for some items * no way you can drop that bid and change to e.g. 7 at 0.4$ each * if noone outbids you, you are going to get 10 cables, no matter what To me that's the only reasonable way to implement binding bids, not? I know, i know. I'll make no posts causing disputes or doubts from this moment - just bids. But what can I do with my nature... :(Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 15, 2013, 11:01:23 PM Quick question... Will the first dividend be paid to the winners?
Happy bidding, zefir Clearly wrote. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: mb300sd on February 16, 2013, 12:19:36 AM 500 @ 0.38
Replaces all previous bids. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: asnonmous on February 16, 2013, 12:51:15 AM 5000 @ 0.39
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: 🏰 TradeFortress 🏰 on February 16, 2013, 01:53:13 AM Current bidding state (2013-02-13T21:30Z): -----Bidder----- --Amount-- --BTC/Share-- superbit 100 0.32 PM.4 200 0.32 skibum 100 0.31 wisard 200 0.31 Vezunchik 400 0.31 TradeFortress 100 0.31 DiabloD3 300 0.31 PM.2 800 0.31 DiabloD3 300 0.30 SaintFlow 100 0.30 Vezunchik 300 0.30 ThickAsThieves 200 0.30 kjj 100 0.30 PM.2 700 0.30 Vezunchik 100 0.30 wisard 200 0.30 PM.3 800 0.30 --------------- Outbid ---------------- PM.3 2500 0.30 Blazr 100 0.30 superbit 100 0.30 ---------------- ---------- ----------- zefir, pleasure correct bid order: SaintFlow 100@0.3 was in 9 post. Vezunchik 300@0.3 was in 9 post. PM.2 700@0.3 was in 22 post. Blaz 100@0.3 was in 24 post. PM.3 3300@0.3 was in 26 post. so PM.2 800 0.31 DiabloD3 300 0.30 Vezunchik 300 0.30 SaintFlow 100 0.30 .... kjj 100 0.30 Vezunchik 100 0.30 PM.2 700 0.30 wisard 200 0.30 Blazr 100 0.30 superbit 100 0.30 PM.3 2500 0.30 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: skibum on February 16, 2013, 09:41:56 AM I am increasing my bid:
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: skibum on February 16, 2013, 09:47:03 AM Oops, I did not notice the bid from asnonmous (post #113). I am increasing my bid:
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 16, 2013, 10:00:15 AM 200@0.38#94 - Confirmed You mean you add a new bid 200 @ 0.38 to the existing 200 @ 0.38 one?200@0.38 - The new one You're confusing me ;), but it is outbid now anyhow. Please clarify if you want it added. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 16, 2013, 10:01:29 AM Quick question... Will the first dividend be paid to the winners?
Happy bidding, zefir Clearly wrote. Confirmed. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ghostshirt on February 16, 2013, 10:22:37 AM Please update my bid as:
200 @ 0.40 100 @ 0.39 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 16, 2013, 10:37:05 AM Current bidding state (2012-02-16T10:30Z) up to post #119:
-- # -- -----Bidder----- --Amount-- --BTC/Share-- 93 wisard 300 0.40 116 skibum 100 0.40 119 ghostshirt 200 0.40 113 asnonmous 4400 0.39 -------------------- Outbid ------------------- 113 asnonmous 600 0.39 119 ghostshirt 100 0.39 82 kjj 100 0.38 84 LainZ (PM) 100 0.38 93 wisard 200 0.38 94 Vezunchik 200 0.38 101 PM.6 100 0.38 112 mb300sd 500 0.38 62 bitcad 100 0.37 78 asnonmous 5000 0.37 47 wisard 300 0.36 63 DiabloD3 200 0.36 77 PM.3 4500 0.36 44 PM.8 1400 0.35 59 PM.7 5000 0.35 47 wisard 300 0.34 53 ahdinosaur 200 0.34 44 PM.7 1000 0.33 50 DiabloD3 100 0.33 59 PM.9 200 0.33 30 superbit 100 0.32 34 PM.4 200 0.32 43 ThickAsThieves 300 0.32 31 Vezunchik 400 0.31 32 TradeFortress 100 0.31 34 PM.2 800 0.31 8 Vezunchik 300 0.30 9 SaintFlow 100 0.30 16 kjj 100 0.30 21 Vezunchik 100 0.30 22 PM.2 700 0.30 23 wisard 200 0.30 24 Blazr 100 0.30 25 superbit 100 0.30 26 PM.3 3300 0.30 69 qukkM 200 0.30 ------- ---------------- ---------- ----------- Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 16, 2013, 10:51:50 AM PM.6: update 100 @ 0.38 -> 100 @ 0.40
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 16, 2013, 12:12:27 PM Yes, but there is no difference at current price = 0.4...
200@0.38#94 - Confirmed You mean you add a new bid 200 @ 0.38 to the existing 200 @ 0.38 one?200@0.38 - The new one You're confusing me ;), but it is outbid now anyhow. Please clarify if you want it added. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 16, 2013, 12:20:09 PM 400@0.4
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: kjj on February 16, 2013, 12:21:12 PM 100 shares @ 0.40 each
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 16, 2013, 12:22:10 PM Ha-ha! Same price in both threads :)
All@0.391. confirmation or escrow is required. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Mausini on February 16, 2013, 06:13:59 PM 200 shares @ 0.4
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: bitcad on February 16, 2013, 06:39:10 PM 100@0.4 replaces all prev. bets
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 16, 2013, 06:46:31 PM PM.3: 3800 @ 0.41
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: asnonmous on February 16, 2013, 09:02:21 PM 5000 @ 0.42
Also 2 things... I only want to buy 5000 shares and the board member seat. I'm not interested in getting ~3300 shares without the seat or any such bid, but Zehir's generous offer of the 3500+ condition lets that happen with some others getting some shares. This user PM'd me and wants to sell 2k shares, and wants to sell them fast. It sounds like that might help some other people bidding here: https://bitcointalk.org/index.php?action=profile;u=44233 Apologies if this double-posts. Site is having problems. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: skibum on February 16, 2013, 10:04:42 PM Yes, this site has been down a lot the past few hours: http://www.isitdownrightnow.com/bitcointalk.org.html . Not sure what, if anything, you might want to do about it. But it might not hurt to come up with and post some sort of contingency plan or policy or something so that people don't miss the end of the auction due to this issue. Cheers :)
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 16, 2013, 10:15:02 PM I must admit, bitcointalk being DDOSed exactly when the auction terminates is a very bad timing :(
The last post I saw during my F5-hitting orgy was post #129 with a valid couter-bid placed at 2012-02-16T21:02Z. This prolongs the auction end time to 2012-02-17T09:02Z. Current bidding state (2012-02-16T21:30Z) up to post #129: -- # -- -----Bidder----- --Amount-- --BTC/Share-- 129 asnonmous 5000 0.42 -------------------- Outbid ------------------- 128 PM.3 3800 0.41 93 wisard 300 0.40 116 skibum 100 0.40 119 ghostshirt 200 0.40 121 PM.6 100 0.40 123 Vezunchik 400 0.40 124 kjj 100 0.40 126 Mausini 200 0.40 127 bitcad 100 0.40 119 ghostshirt 100 0.39 82 kjj 100 0.38 84 LainZ (PM) 100 0.38 93 wisard 200 0.38 94 Vezunchik 200 0.38 112 mb300sd 500 0.38 -------------------- Cut-off ------------------ Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 16, 2013, 10:30:04 PM 5000 @ 0.42 Also 2 things... I only want to buy 5000 shares and the board member seat. I'm not interested in getting ~3300 shares without the seat or any such bid, but Zehir's generous offer of the 3500+ condition lets that happen with some others getting some shares. This user PM'd me and wants to sell 2k shares, and wants to sell them fast. It sounds like that might help some other people bidding here: https://bitcointalk.org/index.php?action=profile;u=44233 Apologies if this double-posts. Site is having problems. Ah, that's Chaang who also posted his offer in IRC. He is going to sell those 2k only as a whole. Just in case you have not been in the Bitcoin community for at least half a year, it is worth to check his history (which is long and fascinating) before you take that offer. Not going to post allegations here, just saying that whoever does should insist on escrow (that anyhow should become a general rule). Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Mausini on February 17, 2013, 01:20:40 AM 200 @ 0.43
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: DiabloD3 on February 17, 2013, 01:48:38 AM 5000 @ 0.42 Also 2 things... I only want to buy 5000 shares and the board member seat. I'm not interested in getting ~3300 shares without the seat or any such bid, but Zehir's generous offer of the 3500+ condition lets that happen with some others getting some shares. This user PM'd me and wants to sell 2k shares, and wants to sell them fast. It sounds like that might help some other people bidding here: https://bitcointalk.org/index.php?action=profile;u=44233 Apologies if this double-posts. Site is having problems. Ah, that's Chaang who also posted his offer in IRC. He is going to sell those 2k only as a whole. Just in case you have not been in the Bitcoin community for at least half a year, it is worth to check his history (which is long and fascinating) before you take that offer. Not going to post allegations here, just saying that whoever does should insist on escrow (that anyhow should become a general rule). I think goat just wants to exit the whole Bitcoin investment thing and sell off all his assets. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ahdinosaur on February 17, 2013, 02:40:50 AM replace previous bids with 100 @ 0.43
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: gl_daisy on February 17, 2013, 03:03:12 AM I think this bid should has been ended till February 16, 2013, 8:00:00 PM
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: El Cabron on February 17, 2013, 04:17:12 AM 5000 @ 0.42 Also 2 things... I only want to buy 5000 shares and the board member seat. I'm not interested in getting ~3300 shares without the seat or any such bid, but Zehir's generous offer of the 3500+ condition lets that happen with some others getting some shares. This user PM'd me and wants to sell 2k shares, and wants to sell them fast. It sounds like that might help some other people bidding here: https://bitcointalk.org/index.php?action=profile;u=44233 Apologies if this double-posts. Site is having problems. Ah, that's Chaang who also posted his offer in IRC. He is going to sell those 2k only as a whole. Just in case you have not been in the Bitcoin community for at least half a year, it is worth to check his history (which is long and fascinating) before you take that offer. Not going to post allegations here, just saying that whoever does should insist on escrow (that anyhow should become a general rule). I think goat just wants to exit the whole Bitcoin investment thing and sell off all his assets. D3, I am not selling off all my BTC assets or even all of my ASICminer shares. I heart crypto coins :) Zefir, Yes escrow should be standard for any large deal done with BTC and I am using it. And yeah, I did want to sell the whole 2k and avoid an auction but meh, might as well do it. Since this auction seems to be over I'm going to link to mine. https://bitcointalk.org/index.php?topic=144574.0 2000 shares starting at .38 Thanks. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: asnonmous on February 17, 2013, 06:42:41 AM Ah, that's Chaang who also posted his offer in IRC. He is going to sell those 2k only as a whole. Just in case you have not been in the Bitcoin community for at least half a year, it is worth to check his history (which is long and fascinating) before you take that offer. Not going to post allegations here, just saying that whoever does should insist on escrow (that anyhow should become a general rule). FWIW, his PM to me mentioned an escrow up front. Not endorsing in any way- I would hope that anyone considering a transaction of this size would take precautions. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: El Cabron on February 17, 2013, 07:02:47 AM Ah, that's Chaang who also posted his offer in IRC. He is going to sell those 2k only as a whole. Just in case you have not been in the Bitcoin community for at least half a year, it is worth to check his history (which is long and fascinating) before you take that offer. Not going to post allegations here, just saying that whoever does should insist on escrow (that anyhow should become a general rule). FWIW, his PM to me mentioned an escrow up front. Not endorsing in any way- I would hope that anyone considering a transaction of this size would take precautions. Yes. I will only use a trusted escrow and who could be more trusted here (and willing) than Johnthedong. Thanks. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: skibum on February 17, 2013, 07:09:29 AM Questions for zefir:
1) New ending time for the auction? 2) Clarify if asnonmous 5000 @0.42 is "All or None" or that type of bid is not accepted. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 17, 2013, 07:23:47 AM LainZ: update to 100 @ 0.43
PM.3: 2800 @ 0.43 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 17, 2013, 07:44:31 AM I think this bid should has been ended till February 16, 2013, 8:00:00 PM No, the last bid before that minimum auction time ended was #127 that prolonged the ending to 2013-02-17T06:39Z, the bid was therefore valid. Plus right at that time bitcointalk was unreachable for most. If someone wanted to DDOS, he'd need to do it for at least 12h ;) With the now last valid bid in #135, the ending time moved to 2013-02-17T14:40Z (note that PMd bids will not prolong the ending time). PS: having still massive problems with bitcointalk, sorry for delayed responses / updates. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: asnonmous on February 17, 2013, 08:00:27 AM 5000 @ 0.44
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 17, 2013, 08:09:44 AM Cross post from Chaang's thread:
I would hope with the doubts raised about your trustworthiness in the other thread [...] Dear goat, dear interested bidders, I am sorry that my comment was understood in an unintended direction. That's what I posted in my auction thread: Ah, that's Chaang who also posted his offer in IRC. He is going to sell those 2k only as a whole. Just in case you have not been in the Bitcoin community for at least half a year, it is worth to check his history (which is long and fascinating) before you take that offer. Not going to post allegations here, just saying that whoever does should insist on escrow (that anyhow should become a general rule). Writing it at the ending time of my auction I did not cross-read it before posting and failed to realize that it can be interpreted in a wrong way. Now it is there and can't be edited any more (auction forum rule). Reality is, I did some business with goat (or Chaang) in the past and he was one of the few that always kept his word. The reason I put my note was a) the one bidding for my shares was a newbie, and b) that when I tried to contact Chaang not long ago, his account was banned from bitcointalk, so I assumed something went wrong behind the curtains. Now this is not the case anymore, if there were disputes they are obviously gone and I need to say sorry for raising dust :-[. That said and given the fact that he is selling his shares in blocks of 25, please consider bidding there. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 17, 2013, 08:11:19 AM PM.6: 100 @ 0.45
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 17, 2013, 08:20:16 AM Questions for zefir: 1) New ending time for the auction? 2) Clarify if asnonmous 5000 @0.42 is "All or None" or that type of bid is not accepted. 1) time of last valid counter-bid + 12h, right now given by #143: 2012-02-17T20:00Z 2) no, there is no all-or-nothing bidding mode. I understand asnonymous wanted to clarify his motivation for the bid and hint to the option I offered in #58. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: watertech666 on February 17, 2013, 08:26:40 AM paid
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 17, 2013, 08:28:49 AM Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: HorseRider on February 17, 2013, 08:29:46 AM Yes, it must be put in the Namworld's thread. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 17, 2013, 08:55:04 AM Current bidding state (2012-02-17T08:30Z) up to post #145:
Auction end time: given by #143: 2012-02-17T20:00Z -- # -- -----Bidder----- --Amount-- --BTC/Share-- 145 PM.6 100 0.45 143 asnonmous 4900 0.44 -------------------- Outbid ------------------- 143 asnonmous 100 0.44 133 Mausini 200 0.43 135 ahdinosaur 100 0.43 141 LainZ (PM) 100 0.43 141 PM.3 2800 0.43 128 PM.3 1000 0.41 93 wisard 300 0.40 116 skibum 100 0.40 119 ghostshirt 200 0.40 123 Vezunchik 400 0.40 124 kjj 100 0.40 126 Mausini 200 0.40 127 bitcad 100 0.40 119 ghostshirt 100 0.39 82 kjj 100 0.38 93 wisard 200 0.38 94 Vezunchik 200 0.38 112 mb300sd 500 0.38 -------------------- Cut-off ------------------ Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ghostshirt on February 17, 2013, 09:13:10 AM Please update:
200 @ 0.45 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 17, 2013, 10:35:05 AM Please update:
100 @ 0.45 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 17, 2013, 10:44:38 AM Can anyone explain me advantages of "board member seat"? I mean asnonmous strongly wants to by 5000 shares - what's difference between 4900 or 5000?
5000 @ 0.42 Also 2 things... I only want to buy 5000 shares and the board member seat. ... Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Digigami on February 17, 2013, 11:12:02 AM Can anyone explain me advantages of "board member seat"? I mean asnonmous strongly wants to by 5000 shares - what's difference between 4900 or 5000? 5000 @ 0.42 Also 2 things... I only want to buy 5000 shares and the board member seat. ... AFAIK the only advantage is you would receive more detailed updates, possibly more frequently as well on the projects progress. This is from OP of the main Asicminer project thread. As I read it now, it sounds as though the privilege of being on the board may be reserved only for those who privatly purchased shares directly during the IPO. I could not determine if this applies to an individual who accumulates 5000 shares by other means. Quote Each investor who privately buys 5,000 or more shares will get extra 10% ones, plus a position on the board of Bitfountain. 10,000 or more shares will get another extra 2.5%. Board members could ask for details of Bitfountain, as well as inspecting and monitoring our financials. This from the second post in that thread Quote Q: The privileges of board members are vague. What exactly could they do? A: Some of the information and details of our company is only provided on request of board members. Board members can monitor our business running face to face, or send representations to do it. We also hope that board members could help us with a full-fledged open financial management on both the RMB-nominated and BTC-nominated funds. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 17, 2013, 11:14:03 AM Can anyone explain me advantages of "board member seat"? I mean asnonmous strongly wants to by 5000 shares - what's difference between 4900 or 5000? 5000 @ 0.42 Also 2 things... I only want to buy 5000 shares and the board member seat. ... It is written in the IPO post (https://bitcointalk.org/index.php?topic=99497.0). Holding 5k shares makes you becoming a board member of Bitfountain and grants you the right to look over the books. I admit that so far this was no gain for me, since the information provided to the board did not exceed what was available to the public. This might change in the future and then it might become harder to get enough shares for reasonable prices. I've read several times on IRC rumors that board members might get ASIC devices early, but can't find any official statements for that. Right now, you should take it as a pure status symbol that might turn into some valuable title some day. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 17, 2013, 11:22:36 AM Note: will be AFK for some time and get back on time to close the auction.
Current bidding state (2013-02-17T11:00Z) up to post #155: Auction end time: given by #152: 2013-02-17T22:35Z -- # -- -----Bidder----- --Amount-- --BTC/Share-- 145 PM.6 100 0.45 151 ghostshirt 200 0.45 152 Vezunchik 100 0.45 143 asnonmous 4600 0.44 -------------------- Outbid ------------------- 143 asnonmous 400 0.44 133 Mausini 200 0.43 135 ahdinosaur 100 0.43 141 LainZ (PM) 100 0.43 141 PM.3 2800 0.43 128 PM.3 1000 0.41 93 wisard 300 0.40 116 skibum 100 0.40 123 Vezunchik 300 0.40 124 kjj 100 0.40 126 Mausini 200 0.40 127 bitcad 100 0.40 119 ghostshirt 100 0.39 82 kjj 100 0.38 93 wisard 200 0.38 94 Vezunchik 200 0.38 112 mb300sd 500 0.38 -------------------- Cut-off ------------------ Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 17, 2013, 07:26:42 PM Ok folks, back on keyboard.
We have great snow conditions right now in Switzerland and it was relaxing to hike the snow slopes (especially when there is a ski hut offering cold beer or hot wine every kilometer :)). So, there was no bidding over the last few hours - if no further counter-bids happen, this auction ends within 3 hours at 2013-02-17T22:35Z. With a higher availability of ASICMINER shares from other sellers I expect no further surprises to this auction. First of all, I want to state that my minimum expectation of 0.40BTC has been met and the shares will be released for the current bids. 0.40BTC is what I expect to be paid out as dividends within 6 months - given that Avalons are still stuck at customs and BFL's chips did not yet left the bumping facility. I expect ASICMINER to earn 1BTC per share in 2013 and after paying debts and investments distribute 0.5BTC per share to investors. That's one part of the equation. The other is the BTC/fiat rate increase we observed during the last weeks. There are factors that justify the rate increase (like Kim Schmitz' (aka Dr. Kimble) opening Me.ga to Bitcoin), but I personally see a bubble in front of my open eyes. No matter how strong we believe in Bitcoin, right now we pay our bills with fiat and I will take this sale as an exit opportunity to convert my revenue to fiat and let the exchange rate consolidate to sane levels. Anyway, I am confident that this will be a satisfactory deal for you and me equally. After selling this 5k (plus the max. additional 1.5k) I will remain a board member. That's my side of the deal to show my appreciation for your bids and my trust in ASICMINER's future. tl;dr: three hours left for bidding. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: asnonmous on February 17, 2013, 07:46:25 PM FYI, I agree with your evaluation but I'm uncertain about the timeline. Doing the math, buying ASIC's yourself gives you a better GH/$ ratio(3-4x at this price) but is not practical for my situation, and I think your 6mo timeline is a bit aggressive. Obviously I can hope, but, I've worked out conservative timelines that work for me and my long-horizon view, hence my bidding.
Thanks for running this auction though; I look forward to closing the transaction soon. To answer someone else's question about board seats, they generally don't make much difference. In general, board members at a corporation have some say/input into company decisions, and a bit deeper insight into the corporation's day-to-day running, at the tradeoff of the responsibility & legal implications of being an insider trader. It is a good move over a very long timespan(generally, a multi-year or even multi-decade timeline), but ironically perhaps a less-good move in light of the GH/$ ratios mentioned above. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 17, 2013, 08:15:49 PM FYI, I agree with your evaluation but I'm uncertain about the timeline. Doing the math, buying ASIC's yourself gives you a better GH/$ ratio(3-4x at this price) but is not practical for my situation, and I think your 6mo timeline is a bit aggressive. Obviously I can hope, but, I've worked out conservative timelines that work for me and my long-horizon view, hence my bidding. Thanks for running this auction though; I look forward to closing the transaction soon. [...] With my remaining holdings in ASICMINER I am naturally biased. No doubt buying an ASIC right now would be the better choice (hell, Jeff's Avalon paid off after 10 days or so) - but getting one is a different story. I am waiting for my BFL since half a year and spent countless hours getting into Avalon's second batch (not getting in plus loosing quite some coins moving funds into WalletBit and back). That's why the key factor for success right now is neither $/GH nor J/GH, but solely the availability of ASICs. 8 months ago I tried to grab and keep 1% of network hashrate based on FPGA mining devices, but failed due to Spartan6 getting out-of-stock or too expensive. Bitfountain is in a different position today: they can add hashpower at will at prices miners can't compete with (unless other manufacturers start self-mining). With the projected 12TH first batch (already confirmed: 2.5TH BTC-guild + ~0.5TH ozcoin + ...) ASICMINER holds 30% of network. It will take them 14 days to make the 0.1BTC initial dividend. After this first payment and as long as BFL and Avalon do not penetrate the mining market significantly, they make 0.1BTC per share per month. Given that 40% of that income is invested in the next batch or 50TH mining HW, chances are not all too bad to get back 0.4BTC per share within half a year. But what am I trying to convince you, you already do believe ;) All the best and Good Luck, zefir Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: asnonmous on February 17, 2013, 08:37:28 PM After this first payment and as long as BFL and Avalon do not penetrate the mining market significantly, they make 0.1BTC per share per month. Given that 40% of that income is invested in the next batch or 50TH mining HW, chances are not all too bad to get back 0.4BTC per share within half a year. Right, and that assumption is the clincher. IF BFL and Avalon do manage to penetrate the market deeply, it drastically changes the result. I find it unlikely that ASICMiner could operate unmolested for more than a few months, and so have taken that into account. The other thing is that while I fully agree that income should be reinvested in future batches, that reinvestment prolongs the time-to-payoff. But as you said, no point in preaching to me, as I've already evaluated my situation. :) Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 17, 2013, 08:52:41 PM LainZ: update to 100 @ 0.45
Note: PMd bid is not prolonging auction end time, remains at 2013-02-17T22:35Z Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: skibum on February 17, 2013, 09:26:49 PM Congrats zefir and asnonmous, the price setter ;-)
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: skibum on February 17, 2013, 09:29:38 PM Oops, apologies for posting that before the close. I had a dyslexia moment with the zefir's timestamp. I will refrain from posting further for the duration of the auction unless it is to raise my bid.
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 17, 2013, 09:41:29 PM Oops, apologies for posting that before the close. I had a dyslexia moment with the zefir's timestamp. I will refrain from posting further for the duration of the auction unless it is to raise my bid. I am glad no one threw in objections for taking UTC as official time format. My own experience so far was horrible: CST(N) here, CET there, PST somewhere else; plus daylight saving here but not there, etc. Meeting a global agreement on a point in time is alway a challenge ;) That said: the last hour for bidding just started. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 17, 2013, 10:36:21 PM Auction ended at 2013-02-17T22:35Z
Last valid bid was #161 Final bidding state: -- # -- -----Bidder----- --Amount-- --BTC/Share-- 145 PM.6 100 0.45 151 ghostshirt 200 0.45 152 Vezunchik 100 0.45 161 LainZ (PM) 100 0.45 143 asnonmous 4500 0.44 -------------------- Outbid ------------------- 143 asnonmous 500 0.44 133 Mausini 200 0.43 135 ahdinosaur 100 0.43 141 PM.3 2800 0.43 128 PM.3 1000 0.41 93 wisard 300 0.40 116 skibum 100 0.40 123 Vezunchik 300 0.40 124 kjj 100 0.40 126 Mausini 200 0.40 127 bitcad 100 0.40 119 ghostshirt 100 0.39 82 kjj 100 0.38 93 wisard 200 0.38 94 Vezunchik 200 0.38 112 mb300sd 500 0.38 -------------------- Cut-off ------------------ Thanks and congratulations to all bidders. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ghostshirt on February 17, 2013, 10:45:10 PM Congratulations to all and thanks to Zefir for fair bidding. Good job.
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 17, 2013, 10:49:18 PM Next steps
First thing: go to bed ;), it was an exhausting auction and getting late I'll contact some potential escrows and get their confirmation within 48h (my current goal is to have at least Graet and John on my list). I'll come back with my proposal and buyers are free to agree on one or choose someone else (which I will need to agree and they will need to pay fees for). Thanks and Good Night all, zefir Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: asnonmous on February 18, 2013, 12:08:28 AM Also thanks all, (for putting up with me?), and good luck to the bidders in the other threads!
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: John (John K.) on February 18, 2013, 12:12:53 AM Next steps As per my reply via PM to your question, I am willing to hold escrow. I operate on a tipping basis so pay whatever amount you see fit.First thing: go to bed ;), it was an exhausting auction and getting late I'll contact some potential escrows and get their confirmation within 48h (my current goal is to have at least Graet and John on my list). I'll come back with my proposal and buyers are free to agree on one or choose someone else (which I will need to agree and they will need to pay fees for). Thanks and Good Night all, zefir Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 18, 2013, 07:51:50 AM As per my reply via PM to your question, I am willing to hold escrow. I operate on a tipping basis so pay whatever amount you see fit. Thanks John, I got Graet also available and will settle the terms and conditions with the buyers in PM and post them here. One general thing to you John: you are proposing to PGP sign all relevant documents, what about bitcoin address signing? Would this be equally reliable and / or accepted? I'm asking because PGP signing requires at least to install additional tools, while address signing is supported by most Bitcoin clients and available out-of-the-box. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 19, 2013, 09:07:21 AM Still there is no BTC addresses to pay our bid prices... When we must make our transfers?
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: John (John K.) on February 19, 2013, 10:05:01 AM As per my reply via PM to your question, I am willing to hold escrow. I operate on a tipping basis so pay whatever amount you see fit. Thanks John, I got Graet also available and will settle the terms and conditions with the buyers in PM and post them here. One general thing to you John: you are proposing to PGP sign all relevant documents, what about bitcoin address signing? Would this be equally reliable and / or accepted? I'm asking because PGP signing requires at least to install additional tools, while address signing is supported by most Bitcoin clients and available out-of-the-box. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: John (John K.) on February 19, 2013, 10:22:51 AM Also, the reason why I'm proposing signing of the contracts involved is to prevent any discrepancies and/or issues afterwards. It is perfectly fine if no signing is involved as it is just another procedure to ensure the integrity of the data. I only issue bitcoin addresses after signing them with my key.
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 19, 2013, 10:50:14 AM Still there is no BTC addresses to pay our bid prices... When we must make our transfers? Contract draft sent to buyers for review. Will be worked out via PM and posted when agreed on to not spam this thread. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 19, 2013, 07:40:41 PM -----BEGIN PGP SIGNED MESSAGE----- [...] Hey Veznuchik, you need to be more patient, please. You posted a contract draft that the other byers are still reviewing and commenting. It does not make real sense to sign something with TBD placeholders as you see in point 8. Furthermore, if you read 6) carefully, you should understand that buyers are not required to sign but indicate their acceptance by sending the funds to the escrow addresses. Don't do that yet, wait until John and Graet confirm that those addresses are under their control. Right now I am waiting for LainZ to provide his address as part of the contract. So please wait until I post the accepted contract. We are not in a hurry, since ASICMINER trading platform launch is not a matter of days but weeks. Mods, escrows and others, please ignore post #175, thats uncompleted work-in-progress. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 19, 2013, 11:03:07 PM Dear bidders and escrow,
I am in a dilemma, since one of the buyers did not yet provide his address I planned to include as part of our contract. At the same time I understand that the others who already accepted the proposal and provided their addresses would like to proceed and finalize this deal. Since the missing address is only required to cover a quite unlikely event, I decided to move on and add the missing information as side contract when user LainZ provides it to me. This is the contract buyer and seller mutually agreed on: Code: 1) Purpose As seller I sign this contract with my address for this deal 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc Code: G+9M/WDjEKGDLxMPLsINHw2Qf9Vp8YL+5SBaePagp59A3u6G7jFlhNeDGQjn6QdokPDrV+Xjf3a+cO1KdFvh5eQ= Next steps:
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: John (John K.) on February 20, 2013, 01:49:31 AM -----BEGIN-SIGNATURE-BLOCK-------------------------------------
Address: 1CuNd5n42cfqDz8SPVLSRsGHk2tLcHVMGh Message: "I control this address -John 2013-Feb-20 09:42am" PublicKey: 04ef22b5c4cd9b58f39c8d1216bbb09a44ae5bf8448bc46432 bd883d4120ade60939318db80d6018b02f33407ff4b8091e89 ad0d569747570964848f98448c9ce5 -----END-SIGNATURE-BLOCK--------------------------------------- -----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 For the safety of the users involved, I am changing my wallet address to a paper wallet which is backed up physically at 3 different locations. The new address: 1CuNd5n42cfqDz8SPVLSRsGHk2tLcHVMGh There should be no alterations to the addresses in the near future. Thank you. John 20 Feb 2013 -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.11 (MingW32) iQIcBAEBAgAGBQJRJCkZAAoJEINT5jezqu6w9PEP/jgQrUVbQHXGKW6f2gN1Cwuj zyvdU6Xsni6qFBzR8ZPw+xxEwnV353kv0qnjgySZEiE2ab99ANQ55dC+qiW75iMn mAMpeBJ5A1lG98FdpTzoyxwgGOjjasEvwc9n/qIhpbcZ7b3io9SlkMptZyoM3B4m GM0wQel82gsqc6uC03ca9mJ6MNfSmBZwskb8NaXRwbwVFhrsKIzm3B/YsaPvXAtK IbGwBJvbioWZNUtkvlN2bbwJGVV8gJBFkIgbEIxI1IEV2YgEUSR+xgvlJ7jZosRV i038ohxpWmqmAYXMZWkk1h5x7jZKA5RSQS3F3T6ZnPASpOBymG4Pj96htKYB2L+5 dTlA3Cdt6oTXrmPKQHdjFzYD+XXBvEhMZDHnq83mm1K058QLJiU3EQ+CR6x0WZMu DZGFuQ/iSfM0+AkouIs66iYVPItJLW7OC5qshbmOV/13y3/YhgRGVqgQLIqpDhVz Ku/nLYVDhXQzXaYZDlRa5SyMGr2OWqJT/QqNrTLN0FH7/K1S3vnAMRwgz4olcGxt 4XBA4UWq3H3stJGkE0Mp09EBtpbj3pWo5tJQPp+MaMej5wdctZHnhLQR0xPRUxha wMidHhWN0LYky3csZfiNWOcZkP0sEFxWOkQ/avc+uqkcP1XEo1VW5HS7wzj7BaoG 7auS2D9ezqRWkF5LIuxF =usfm -----END PGP SIGNATURE----- PS: I still control the past address. My utmost apologies for the hassle caused. -----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 1) Purpose This contract regulates the finalization of the ASICMINER auction in https://bitcointalk.org/index.php?topic=142038.0 2) Buyers PM.6 100 @ 0.45 ghostshirt 200 @ 0.45 Vezunchik 100 @ 0.45 LainZ 100 @ 0.45 asnonmous 5000 @ 0.44 (including 500 from board chair option) 3) Seller Shares are sold by user zefir. They are currently held directly by friedcat as a PGP-signed lock-in contract. 4) Escrow Graet and John (johnthedong) will escrow the transactions. Buyers decided whom to choose, resulting in the following transaction plan: PM.6 45 BTC to 1EEFt1JqyTuTEsGHERJj58QcYb72BaPeTj (Graet) ghostshirt 90 BTC to 15A8ztRxjnHud6unJi3dLpB9bLGdXVxAyg (Graet) Vezunchik 45 BTC to 1hnvX9pA6eSZPfGEaLHR1RHM6RE82yUox (Graet) LainZ 45 BTC to 18AfJDFimnxRCbK4JbzqdHm1SigCySYT3p (Graet) asnonmous 2200 BTC to 1BCC3BogQ2LmWJ4PWgLw8B9qAbWRmSZyD7 (John) Payment shall be made from an address that the buyer fully controls, i.e. is in possession of the private key, so the escrow in case of disputes and cancellation can return the funds to sender. 5) Activation This contract will be posted in the auction thread and changes its status to active when both escrows and the seller digitally sign it, either by PGP or Bitcoin address signature. 6) Acceptance After activation (i.e. the time when all three signatures from point 5. were posted), the buyers accept this contract by sending their respective payments to the escrow addresses given in 4. They are given three days (72h + 12h time zone margin) to finalize the trans- action in full. Failing so, their deal status changes to canceled. 7) Share Transfer ASICMINER is going to have its private exchange that is scheduled to go online before the first dividend payment is processed. As soon as it launches, buyers need to open an account and provide all required data to seller to initiate a transfer of shares. Since the details of the new exchange are not yet known, no defined deadlines for the transfer can be provided at this time. Seller is limited to do this with best effort and will keep buyers and escrows informed about the status. On top of the transfer handled over the new exchange, seller will attempt to reach agreement with friedcat to split his position according to the sale and move them to bilateral contracts between buyers and friedcat directly and get their shares assigned to them before the exchange launches. Success solely depends on friedcat and can not be guaranteed. 8) Dividends Buyers are entitled for all ASICMINER dividends. Share transfer is scheduled to finalize before the first dividend is paid. Any dividends paid for any reason to seller shall be forwarded in full to the buyers at their following addresses: PM.6 1AXKZp4KU4tA4yPoFtHQPHoUi2DmWgHdEd ghostshirt 1ZKrazKLvfxNCYqk4BbboxiPonB9U3Pwh Vezunchik 1AkZFPx76RWEEpojMj5RvGDDesZxPazVdF LainZ TBD as part of a side agreement asnonmous 1CuNd5n42cfqDz8SPVLSRsGHk2tLcHVMGh 9) Clearance Escrowed funds will be released to seller after buyers approval of * transfer of shares to their account * receipt of their dividends (if any happened before transfer) Seller's address for this deal is 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.11 (MingW32) iQIcBAEBAgAGBQJRJCtlAAoJEINT5jezqu6wzP8QALEnON6FNBzySLyqfUWkHrql AA1Rvo3m1M+S9rm5ZNI3NoIlLXFk4nkwL3HSoUJBYKurfE65TkLhHYnEblejTwjp SnmHLr+ZgjR8vpmDLtkP6TGTG89MxNhxmuQRghyBNCU879zWFC+ZCHqgmkYXN3jS sq9NKXRB2t5/lWMRRZgLwQw+WqphPmKLOUs3yNDxPc95h4d9UN5GUIYNYoITFGe2 t/iuUqv21zgzpXkYntCPBEuq6LCVPo1VitncMobewOJzyeuC0JOTo/0yjoCvzvAd c0rI+LtwsG6v+yB/k6o6L8BVvrlzYNhEyM+mGNP7RTHkYzrMnssPzqrRXq84dpzy vMaUrHppiT3z/8wFqtobY5qN8t/TeZTaqa6prCgP6ndehFkuwqnkpZHqJQDK8k6C lryMjsWijkxGHJEN5etLBOApM1PsBcSThWZ8itDsgfvFMerXApBwIl0rzfq9JitG BiBJyaMgC+UW0M0GKS/ZgTxrBJ/LDZLfTVxfB+8lZKY8R5N7l6eheeSG2RxZAG8U RtjoBb/nJcsiSY2wWfM90C093iB5y55670JC1NW9C1wKDCJ2hLERO8jwonunQ+pn xrMxIHvUCour+GiaLEF3ZADhxueCcL6PqIugw4chtSNzc2hIdK89JBzGqlHk867U +qBGCIOelnV9AeJh0WCZ =OPQ7 -----END PGP SIGNATURE----- The contract is agreed except asnonmous's escrow address, where I altered it to the newest revision. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Graet on February 20, 2013, 06:11:28 AM Dear bidders and escrow, Busy day (i'll come back and sigh when I have time)I am in a dilemma, since one of the buyers did not yet provide his address I planned to include as part of our contract. At the same time I understand that the others who already accepted the proposal and provided their addresses would like to proceed and finalize this deal. Since the missing address is only required to cover a quite unlikely event, I decided to move on and add the missing information as side contract when user LainZ provides it to me. This is the contract buyer and seller mutually agreed on: Code: 1) Purpose As seller I sign this contract with my address for this deal 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc Code: G+9M/WDjEKGDLxMPLsINHw2Qf9Vp8YL+5SBaePagp59A3u6G7jFlhNeDGQjn6QdokPDrV+Xjf3a+cO1KdFvh5eQ= Next steps:
I can confirm 1EEFt1JqyTuTEsGHERJj58QcYb72BaPeTj (Graet) 15A8ztRxjnHud6unJi3dLpB9bLGdXVxAyg (Graet) 1hnvX9pA6eSZPfGEaLHR1RHM6RE82yUox (Graet) 18AfJDFimnxRCbK4JbzqdHm1SigCySYT3p (Graet) are the addresses I supplied zefir from my escrow wallet Best wishes Graet Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 20, 2013, 06:53:16 AM Thanks John for taking this serious and considering security issues. Very much appreciated.
I meanwhile got LainZ' address for dividend payments, so I am able to update and post the final contract soon. Thanks for your patience Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 20, 2013, 07:14:09 AM Final Contract
Code: 1) Purpose Changes to the previous one posted in #176:
As the seller I sign this final contract with my address for this deal 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc Code: G8/RWsCo7WDaWFBCLszNKm23ByWo3iBlD3HEUNDPO1GHK3AqCaKfgNIqUAdCCW1kzuetAqOEpYZtaHNp/CJqBLA= Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ghostshirt on February 20, 2013, 10:35:34 AM Final Contract Code: 1) Purpose Changes to the previous one posted in #176:
As the seller I sign this final contract with my address for this deal 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc Code: G8/RWsCo7WDaWFBCLszNKm23ByWo3iBlD3HEUNDPO1GHK3AqCaKfgNIqUAdCCW1kzuetAqOEpYZtaHNp/CJqBLA= Hello zefir, I am having a difficulty verifying your signature. I am pasting the contract, your signature address and the signature but verification fails. I am using bitcoin-qt 0.7.2, does version change anything? Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 20, 2013, 06:13:18 PM Hello zefir, I am having a difficulty verifying your signature. I am pasting the contract, your signature address and the signature but verification fails. I am using bitcoin-qt 0.7.2, does version change anything? Hi ghostshirt, it is not you. The signature I posted was generated with piuk's My Wallet. Just double checked with Armory and got a different output ??? I thought it's consequent to use Bitcoin address signing for this contract, but as long as there are sources for confusion I'll switch back to the established way: Code: -----BEGIN PGP SIGNED MESSAGE----- Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: DiabloD3 on February 20, 2013, 06:25:02 PM I thought it's consequent to use Bitcoin address signing for this contract Yes, but you have to use Bitcoin itself to sign it. No one agreed on the signature algo, so everyone else is doing it wrong and they need to switch to use Bitcoin's. If you would have signed it with bitcoin-qt or bitcoind, this wouldn't have been a problem. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 20, 2013, 06:50:28 PM I thought it's consequent to use Bitcoin address signing for this contract Yes, but you have to use Bitcoin itself to sign it. No one agreed on the signature algo, so everyone else is doing it wrong and they need to switch to use Bitcoin's. If you would have signed it with bitcoin-qt or bitcoind, this wouldn't have been a problem. Thanks for clarification. If that's the case (everyone doing his own thing), it is not useful yet, since people not working with bitcoind (like /me) can't reliably sign / verify. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ghostshirt on February 20, 2013, 07:29:58 PM Hello zefir, I am having a difficulty verifying your signature. I am pasting the contract, your signature address and the signature but verification fails. I am using bitcoin-qt 0.7.2, does version change anything? Hi ghostshirt, it is not you. The signature I posted was generated with piuk's My Wallet. Just double checked with Armory and got a different output ??? I thought it's consequent to use Bitcoin address signing for this contract, but as long as there are sources for confusion I'll switch back to the established way: Code: -----BEGIN PGP SIGNED MESSAGE----- Thank you for the clarification. PGP signature verified. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: asnonmous on February 20, 2013, 07:47:27 PM I thought it's consequent to use Bitcoin address signing for this contract Yes, but you have to use Bitcoin itself to sign it. No one agreed on the signature algo, so everyone else is doing it wrong and they need to switch to use Bitcoin's. If you would have signed it with bitcoin-qt or bitcoind, this wouldn't have been a problem. Thanks for clarification. If that's the case (everyone doing his own thing), it is not useful yet, since people not working with bitcoind (like /me) can't reliably sign / verify. I believe everyone is moving towards using the bitcoin-qt system for signing, but I'm not sure. I'm signing with bitcoin-qt, let me know if that is insufficient. I don't have a PGP key yet, and this signature is easily associatable with the coins in the account it is coming from. Contract signed from address: 12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX Signature: Code: HyhgIo5QfmPpuQw2iPAakBhp0sCP3BnnBjXiojs+rsaCcs4QGoo74xDUOthtn3wlKTmKDA7qYhZUR9Qhi3K/Glc= (signed with bitcoin-qt 0.7.2-beta) Once John has signed, I'll initiate the transfer. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 20, 2013, 08:09:34 PM Code: 1) Purpose Code: H3guAWvpcz9ZN0cIz6jCqvkVKIUG8zOR0EGcYNxVLmczr2YkHkbqxZrPd49SGYeUVAx7xO9/v2TN4i2qFCiLIH4= Code: 1AkZFPx76RWEEpojMj5RvGDDesZxPazVdF Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 20, 2013, 08:50:46 PM I believe everyone is moving towards using the bitcoin-qt system for signing, but I'm not sure. I'm signing with bitcoin-qt, let me know if that is insufficient. I don't have a PGP key yet, and this signature is easily associatable with the coins in the account it is coming from. Contract signed from address: 12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX Signature: Code: HyhgIo5QfmPpuQw2iPAakBhp0sCP3BnnBjXiojs+rsaCcs4QGoo74xDUOthtn3wlKTmKDA7qYhZUR9Qhi3K/Glc= (signed with bitcoin-qt 0.7.2-beta) Verified. Quote Once John has signed, I'll initiate the transfer. John basically did in post #177 by confirming he is controlling the updated escrow address and signing the contract. I contacted John and Graet once again after the contract update for the new address and expect them to confirm soon. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 20, 2013, 08:51:54 PM Code: 1) Purpose Code: H3guAWvpcz9ZN0cIz6jCqvkVKIUG8zOR0EGcYNxVLmczr2YkHkbqxZrPd49SGYeUVAx7xO9/v2TN4i2qFCiLIH4= Code: 1AkZFPx76RWEEpojMj5RvGDDesZxPazVdF Verified. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ghostshirt on February 20, 2013, 09:01:45 PM Are we -the buyers- supposed to sign the contract also?
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: asnonmous on February 20, 2013, 09:08:33 PM I believe everyone is moving towards using the bitcoin-qt system for signing, but I'm not sure. I'm signing with bitcoin-qt, let me know if that is insufficient. I don't have a PGP key yet, and this signature is easily associatable with the coins in the account it is coming from. Contract signed from address: 12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX Signature: Code: HyhgIo5QfmPpuQw2iPAakBhp0sCP3BnnBjXiojs+rsaCcs4QGoo74xDUOthtn3wlKTmKDA7qYhZUR9Qhi3K/Glc= (signed with bitcoin-qt 0.7.2-beta) Verified. Quote Once John has signed, I'll initiate the transfer. John basically did in post #177 by confirming he is controlling the updated escrow address and signing the contract. I contacted John and Graet once again after the contract update for the new address and expect them to confirm soon. It looks like a simple mistake, but the contract he PGP signed used his old address, and had that same address as my "send dividends to" address. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 20, 2013, 10:13:03 PM Are we -the buyers- supposed to sign the contract also? Usually (and I stated it such in 6.) buyers 'sign' with their money, i.e. implicitly accept the contract by transferring the funds. But it also does not hurt to explicitly do. Only thing from contractual side is, the contract becomes active (i.e. buyers can transfer their funds) as soon as seller and escrows signed - while buyers signatures are not relevant for that state change. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: asnonmous on February 21, 2013, 02:40:11 PM Are we -the buyers- supposed to sign the contract also? Usually (and I stated it such in 6.) buyers 'sign' with their money, i.e. implicitly accept the contract by transferring the funds. But it also does not hurt to explicitly do. Only thing from contractual side is, the contract becomes active (i.e. buyers can transfer their funds) as soon as seller and escrows signed - while buyers signatures are not relevant for that state change. Are we waiting for confirmation/signature from the Escrows at the moment? Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: John (John K.) on February 21, 2013, 03:37:56 PM I signed the contract a couple of posts ago, but I'll re-sign it with the newest address.
Code: -----BEGIN PGP SIGNED MESSAGE----- Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: asnonmous on February 21, 2013, 04:48:04 PM I signed the contract a couple of posts ago, but I'll re-sign it with the newest address. Code: -----BEGIN PGP SIGNED MESSAGE----- Confirmed, thanks. I'll do the transfer tonight when I get back to a computer. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Graet on February 21, 2013, 04:54:00 PM Code: -----BEGIN PGP SIGNED MESSAGE----- Sorry for the delay Graet Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ghostshirt on February 21, 2013, 05:12:37 PM I've just made my payment of 90 BTC.
Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 21, 2013, 05:18:32 PM Both signatures verified.
Contract is active now. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 21, 2013, 09:18:08 PM friedcat posted today's update in the ASICMINER thread (https://bitcointalk.org/index.php?topic=99497.msg1546642#msg1546642).
Beside ramping up of hashpower going as planned, the relevant information for this auction is that dividend payments will start next Thursday (Feb. 28.). Trades registered to him before that day will be fully accounted for the dividend payment, i.e. (thanks to the perfect timing of this auction ;)) buyers will receive their earnings to the address given in the contract. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: asnonmous on February 22, 2013, 04:58:10 AM 2200 BTC has been sent to the John as an escrow. Transaction:
http://blockchain.info/tx-index/55152844/e06c3cab9a23287d55ac6f57bcee157e56aebaef5e63be09187a4eaef3d4963a Thanks Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: El Cabron on February 22, 2013, 05:01:51 AM 2200 BTC has been sent to the John as an escrow. Transaction: http://blockchain.info/tx-index/55152844/e06c3cab9a23287d55ac6f57bcee157e56aebaef5e63be09187a4eaef3d4963a Thanks this might be the largest OTC trade with escrow ever. Glad to see it! Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: asnonmous on February 22, 2013, 05:11:33 AM 2200 BTC has been sent to the John as an escrow. Transaction: http://blockchain.info/tx-index/55152844/e06c3cab9a23287d55ac6f57bcee157e56aebaef5e63be09187a4eaef3d4963a Thanks this might be the largest OTC trade with escrow ever. Glad to see it! Thanks, kind of intimidating. I doubt it is the largest in bitcoin numbers, but perhaps it is the largest in cash value given the recent rise? I hope I made a good choice! :P Really comes down to butterfly labs shipping and avalon's shipping rates. :P Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: John (John K.) on February 22, 2013, 05:31:07 AM 2200 BTC has been sent to the John as an escrow. Transaction: http://blockchain.info/tx-index/55152844/e06c3cab9a23287d55ac6f57bcee157e56aebaef5e63be09187a4eaef3d4963a Thanks this might be the largest OTC trade with escrow ever. Glad to see it! Thanks, kind of intimidating. I doubt it is the largest in bitcoin numbers, but perhaps it is the largest in cash value given the recent rise? I hope I made a good choice! :P Really comes down to butterfly labs shipping and avalon's shipping rates. :P I remember that last time nanotube held escrow for Vandroiy and Pirate's bet for 10,000BTC, so there's larger OTC trades AFAIK. I've transacted more in Bitcoin numbers back in the good old days, but this is the largest transaction in fiat for me so far too. I have the addresses backed up with a lawyer and a couple of safes, like my personal holdings are. This whole ASICMiner escrow business is getting expensive for me - I'm seriously considering to charge a fixed fee to cover the risks and time spent for future larger and longer transactions now :P Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: asnonmous on February 22, 2013, 05:33:02 AM 2200 BTC has been sent to the John as an escrow. Transaction: http://blockchain.info/tx-index/55152844/e06c3cab9a23287d55ac6f57bcee157e56aebaef5e63be09187a4eaef3d4963a Thanks this might be the largest OTC trade with escrow ever. Glad to see it! Thanks, kind of intimidating. I doubt it is the largest in bitcoin numbers, but perhaps it is the largest in cash value given the recent rise? I hope I made a good choice! :P Really comes down to butterfly labs shipping and avalon's shipping rates. :P I remember that last time nanotube held escrow for Vandroiy and Pirate's bet for 10,000BTC, so there's larger OTC trades AFAIK. I've transacted more in Bitcoin numbers back in the good old days, but this is the largest transaction in fiat for me so far too. I have the addresses backed up with a lawyer and a couple of safes, like my personal holdings are. This whole ASICMiner escrow business is getting expensive for me - I'm seriously considering to charge a fixed fee to cover the risks and time spent for future larger and longer transactions now :P I will be certain to tip nicely for your time and risk- What address would you like the tip to go to? Thank you so much for doing this. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: John (John K.) on February 22, 2013, 05:38:02 AM 2200 BTC has been sent to the John as an escrow. Transaction: http://blockchain.info/tx-index/55152844/e06c3cab9a23287d55ac6f57bcee157e56aebaef5e63be09187a4eaef3d4963a Thanks this might be the largest OTC trade with escrow ever. Glad to see it! Thanks, kind of intimidating. I doubt it is the largest in bitcoin numbers, but perhaps it is the largest in cash value given the recent rise? I hope I made a good choice! :P Really comes down to butterfly labs shipping and avalon's shipping rates. :P I remember that last time nanotube held escrow for Vandroiy and Pirate's bet for 10,000BTC, so there's larger OTC trades AFAIK. I've transacted more in Bitcoin numbers back in the good old days, but this is the largest transaction in fiat for me so far too. I have the addresses backed up with a lawyer and a couple of safes, like my personal holdings are. This whole ASICMiner escrow business is getting expensive for me - I'm seriously considering to charge a fixed fee to cover the risks and time spent for future larger and longer transactions now :P Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 22, 2013, 08:49:23 AM I will be certain to tip nicely for your time and risk- What address would you like the tip to go to? Thank you so much for doing this. I stated that I will pay escrow fees, and that's what I am going to do. Of course you are free to add something on top of that ;) Since John and Graet work on tip basis, I find it hard to estimate what a fair amount would be. I came up with something that I would escrow for:
Not sure how reasonable this is (my only own escrow I did so far was for free), but as soon as the deal is done, I'll pay 12BTC to John and 5BTC to Graet. Feel free to add whatever you think is fair on top of it. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 22, 2013, 08:54:08 AM I remember that last time nanotube held escrow for Vandroiy and Pirate's bet for 10,000BTC, so there's larger OTC trades AFAIK. [...] What an irony: the largest escrow in Bitcoin history is connected to the largest fraud in its history :( Time to change that: there are currently houses on offer in this subforum that scratch that magic 10k barrier. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 25, 2013, 08:43:17 AM Status Update
The payment window is closed now. All but Vezunchik did paid their funds to their escrow addresses, I sent friedcat a transfer request as follows: Code: *) 5'000 to address 12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX He will either confirm the transfers here or I'll post his PGP signed confirmation when I have it available. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 25, 2013, 08:55:06 AM Also note that I've contacted with you to warn about that I will not pay. (I've not just disappeared at last moment...)
Status Update The payment window is closed now. All but Vezunchik did paid their funds to their escrow addresses, I sent friedcat a transfer request as follows: Code: *) 5'000 to address 12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX He will either confirm the transfers here or I'll post his PGP signed confirmation when I have it available. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: friedcat on February 25, 2013, 01:08:05 PM The transferring has been processed. To make the database more complete, the owners of following addresses could PM me with your e-mail address.
*) 100 to address 1AXKZp4KU4tA4yPoFtHQPHoUi2DmWgHdEd *) 200 to address 1ZKrazKLvfxNCYqk4BbboxiPonB9U3Pwh *) 100 to address 1Bgu2w4vBTXDDkpWkjAeomVnRRYASnCaJV Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: John (John K.) on February 25, 2013, 04:32:39 PM The transferring has been processed. To make the database more complete, the owners of following addresses could PM me with your e-mail address. Great! Zefir and asnonmous, would you consider this transaction to be done? *) 100 to address 1AXKZp4KU4tA4yPoFtHQPHoUi2DmWgHdEd *) 200 to address 1ZKrazKLvfxNCYqk4BbboxiPonB9U3Pwh *) 100 to address 1Bgu2w4vBTXDDkpWkjAeomVnRRYASnCaJV Zefir, please provide to me the address where I should release the funds when the transaction is complete. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 25, 2013, 05:15:26 PM Also note that I've contacted with you to warn about that I will not pay. (I've not just disappeared at last moment...) I confirm this, I have been contacted via PM and informed that the payment can't be processed in time. The reason I did not mention this is to not escalate the issue and quickly forget about it. Thing is, no matter whether you notified me or not: the bids you posted are binding, it is irrelevant why you did not finalize your part of the deal. I don't really mind, since I am not loosing anything by keeping those shares. But since you are active on other auctions, do yourself a favor and bid only for what you can afford to pay. You get banned from eBay doing this once and you might get your account on this forum tagged if you end up with someone who is not equally lenient. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 25, 2013, 05:23:27 PM The transferring has been processed. To make the database more complete, the owners of following addresses could PM me with your e-mail address. Great! Zefir and asnonmous, would you consider this transaction to be done? *) 100 to address 1AXKZp4KU4tA4yPoFtHQPHoUi2DmWgHdEd *) 200 to address 1ZKrazKLvfxNCYqk4BbboxiPonB9U3Pwh *) 100 to address 1Bgu2w4vBTXDDkpWkjAeomVnRRYASnCaJV Zefir, please provide to me the address where I should release the funds when the transaction is complete. My address for this deal is in the contract: 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc As for friedcat's confirmation: I included asnonmous' email address in my transfer request, since he becomes a board member and is added to the related mailing list. That's why friedcat is asking only the other three buyers to provide an email address, nevertheless all 4 transactions are confirmed. I'm also fine to wait for all buyers to get their personal confirmation before the funds are released. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: ThickAsThieves on February 25, 2013, 05:24:32 PM Also note that I've contacted with you to warn about that I will not pay. (I've not just disappeared at last moment...) Thing is, no matter whether you notified me or not: the bids you posted are binding, it is irrelevant why you did not finalize your part of the deal. I don't really mind, since I am not loosing anything by keeping those shares. But since you are active on other auctions, do yourself a favor and bid only for what you can afford to pay. You get banned from eBay doing this once and you might get your account on this forum tagged if you end up with someone who is not equally lenient. +1 Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: John (John K.) on February 25, 2013, 05:25:09 PM The transferring has been processed. To make the database more complete, the owners of following addresses could PM me with your e-mail address. Great! Zefir and asnonmous, would you consider this transaction to be done? *) 100 to address 1AXKZp4KU4tA4yPoFtHQPHoUi2DmWgHdEd *) 200 to address 1ZKrazKLvfxNCYqk4BbboxiPonB9U3Pwh *) 100 to address 1Bgu2w4vBTXDDkpWkjAeomVnRRYASnCaJV Zefir, please provide to me the address where I should release the funds when the transaction is complete. My address for this deal is in the contract: 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc As for friedcat's confirmation: I included asnonmous' email address in my transfer request, since he becomes a board member and is added to the related mailing list. That's why friedcat is asking only the other three buyers to provide an email address, nevertheless all 4 transactions are confirmed. I'm also fine to wait for all buyers to get their personal confirmation before the funds are released. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Vezunchik on February 25, 2013, 05:58:10 PM I think this means that you really mind after all. I mean "get banned from eBay", "get your account on this forum tagged" and so on. If you so worry about it you may look at this (https://bitcointalk.org/index.php?topic=146821.0) or tell me what you really need to have no bad feelings (not just for polite post with hidden sense).
Also note that I've contacted with you to warn about that I will not pay. (I've not just disappeared at last moment...) I confirm this, I have been contacted via PM and informed that the payment can't be processed in time. The reason I did not mention this is to not escalate the issue and quickly forget about it. Thing is, no matter whether you notified me or not: the bids you posted are binding, it is irrelevant why you did not finalize your part of the deal. I don't really mind, since I am not loosing anything by keeping those shares. But since you are active on other auctions, do yourself a favor and bid only for what you can afford to pay. You get banned from eBay doing this once and you might get your account on this forum tagged if you end up with someone who is not equally lenient. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 25, 2013, 06:48:10 PM I think this means that you really mind after all. I mean "get banned from eBay", "get your account on this forum tagged" and so on. If you so worry about it you may look at this (https://bitcointalk.org/index.php?topic=146821.0) or tell me what you really need to have no bad feelings (not just for polite post with hidden sense). Hey, let's leave it at this, no need to get personal.I pointed you to the ToS of eBay as a reference for the rules in this sub-forum to show you where you were wrong. It was meant as a friendly hint to you and free coaching on your personal journey towards becoming a reputable community member. Your choice whether you take it as what it was meant to be, or start interpreting something into that is not there. All the best. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: asnonmous on February 25, 2013, 07:00:00 PM The transferring has been processed. To make the database more complete, the owners of following addresses could PM me with your e-mail address. Great! Zefir and asnonmous, would you consider this transaction to be done? *) 100 to address 1AXKZp4KU4tA4yPoFtHQPHoUi2DmWgHdEd *) 200 to address 1ZKrazKLvfxNCYqk4BbboxiPonB9U3Pwh *) 100 to address 1Bgu2w4vBTXDDkpWkjAeomVnRRYASnCaJV Zefir, please provide to me the address where I should release the funds when the transaction is complete. My address for this deal is in the contract: 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc As for friedcat's confirmation: I included asnonmous' email address in my transfer request, since he becomes a board member and is added to the related mailing list. That's why friedcat is asking only the other three buyers to provide an email address, nevertheless all 4 transactions are confirmed. I'm also fine to wait for all buyers to get their personal confirmation before the funds are released. Friedcat has confirmed the transfer to me in PM. Signed message: Code: Friedcat has confirmed the transfer to me in PM. I am clearing John to release the funds(2200 btc) to Zefir, and will send John a tip by end of day(In addition to Zefir's mentioned escrow tip). Signature(Bitcoin-qt 0.7.2): Code: HzNWY+tRbfLMRB9lPhkrU3Kfvc2riK/SzBrvD7Z93xwGYx3P3iTCsYBoTW0MiwTTDQ3iNCkz6Ud+OmO8a4xJwgM= Also, Vezunchik, it is pretty blatantly unprofessional and untrustworthy to not follow through on a bid, and then demand the seller compete in a reverse-auction on a different thread. That just isn't how these transactions are supposed to be done, and indicates a lack of trustworthiness. I'm sure Zefir won't mind too much, as he only wanted to sell 5,000 shares to begin with, and the auction ended up with him selling more. And Asicminer seems to be doing well. But you have wasted his time, Graet's time, and other's time in this thread. Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: John (John K.) on February 25, 2013, 07:16:03 PM The transferring has been processed. To make the database more complete, the owners of following addresses could PM me with your e-mail address. Great! Zefir and asnonmous, would you consider this transaction to be done? *) 100 to address 1AXKZp4KU4tA4yPoFtHQPHoUi2DmWgHdEd *) 200 to address 1ZKrazKLvfxNCYqk4BbboxiPonB9U3Pwh *) 100 to address 1Bgu2w4vBTXDDkpWkjAeomVnRRYASnCaJV Zefir, please provide to me the address where I should release the funds when the transaction is complete. My address for this deal is in the contract: 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc As for friedcat's confirmation: I included asnonmous' email address in my transfer request, since he becomes a board member and is added to the related mailing list. That's why friedcat is asking only the other three buyers to provide an email address, nevertheless all 4 transactions are confirmed. I'm also fine to wait for all buyers to get their personal confirmation before the funds are released. Friedcat has confirmed the transfer to me in PM. Signed message: Code: Friedcat has confirmed the transfer to me in PM. I am clearing John to release the funds(2200 btc) to Zefir, and will send John a tip by end of day(In addition to Zefir's mentioned escrow tip). Signature(Bitcoin-qt 0.7.2): Code: HzNWY+tRbfLMRB9lPhkrU3Kfvc2riK/SzBrvD7Z93xwGYx3P3iTCsYBoTW0MiwTTDQ3iNCkz6Ud+OmO8a4xJwgM= Also, Vezunchik, it is pretty blatantly unprofessional and untrustworthy to not follow through on a bid, and then demand the seller compete in a reverse-auction on a different thread. That just isn't how these transactions are supposed to be done, and indicates a lack of trustworthiness. I'm sure Zefir won't mind too much, as he only wanted to sell 5,000 shares to begin with, and the auction ended up with him selling more. And Asicminer seems to be doing well. But you have wasted his time, Graet's time, and other's time in this thread. Escrow released to the address above: http://blockchain.info/tx/e3d274b27ce63dd527c1bab2d447b72793b16a59c02884e82e3ce6d2af06c405 Thanks for the smooth deal and the tips! (and I can finally return the laptop to the safe for the day) ;D Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: Graet on February 26, 2013, 04:45:33 AM Escrow released to zefir
Status: 0/unconfirmed, broadcast through 8 nodes Date: 26/02/2013 12:43 To: zefir asciminer payment 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc Debit: -180.00 BTC Net amount: -180.00 BTC Transaction ID: adf49af16b05eacb558bd53512779749a0608e2495d793e13718885a722f3af2 http://blockchain.info/tx-index/56507403/adf49af16b05eacb558bd53512779749a0608e2495d793e13718885a722f3af2 Best wishes Graet Title: Re: ASICMINER: board seat (equivalent of 5000 shares) for sale Post by: zefir on February 26, 2013, 08:39:34 AM Status: Completed
Thanks John and Graet for your great support and the smooth processing. Some coins are on their way to you as partial compensation for your hard work. This was my first auction in this sub-forum and as such I made some mistakes that caused confusion, which I need to say sorry for. At least I learned why established auction platforms deserve the fees they are charging ;) Best of luck to the buyers and (new) shareholders. With the recent news dripping in from BFL, it seems ASICMINER will be able to keep a solid portion of the network hashrate for some more weeks and allow for a quicker ROI. With my closing words I'd like to ask everyone involved for a favor. So far I did not care too much about the WoT ratings people are referring to at bitcoin-otc (http://bitcoin-otc.com/trust.php), since one needs time to spent to take the technical hurdles in order to participate. OTOH, there is currently no mechanism available in this forum to indicate how trustworthy a member is. Therefore, if you are familiar with the WoT processing, it would be nice if you could rate me there. Thanks and Good Luck |