Bitcoin Forum

TL;DR  2000 AsicMiner auction @ .38 BTC

Hello all,

I pretty much want to copy what Zefir has done here  https://bitcointalk.org/index.php?topic=142038.0


I will be selling 2000 of my AsicMiner shares. https://bitcointalk.org/index.php?topic=99497.0




Bids need to start at .38 and go up by multiples of .01
You must bid in blocks that are divisible by 25  (ex, 25, 50, 100, 1375, 2000)
I'd like you to post in the thread but PM's are fine if you are an established member and want to be anon.
You must pay the escrow account with in 24 hours of receiving the BTC address. I am open as to who we use as escrow.




Auction starts now and ends (Tuesday, 2013-02-19 14:00 UTC). This can be extended if for example the bitcointalk.org server keeps crashing and no one can bid. I will be the judge if the auction needs to be extended but I hope that it will not be needed.

I also keep the right to cancel the auction for any reason. Sales will be final only once the BTC reaches escrow.




As many of you know I had a harsh last year and many if not all of my investments turned out to be bad. This sale of a portion of my shares will ensure a bit of finical stability for my family in the coming months.  I have high confidence that ASICMiner will do very well and I am not selling even half of my shares.


Friedcat knows about this auction and my shares have been confirmed. I will give him a list of who now holds the current shares and I hope he will automatically send them to you when they are listed on the exchange. If not, I will have to send them to you myself.


I will not get the escrowed money until you have the shares. Please if you are trusted in the community and wish to act as an escrow please contact me ASAP!


Local rules, you must stay on topic. If you want to ask off topic questions please PM me.


Thank you, Goat

We missed you around, goat.

PS: I can act as the escrow if  needed - I've done over 20 transactions as an escrow holder now.

Thanks, It is good to be back :)

I will accept your offer of acting as escrow. We could not have asked for better!

Speak for yourself.

lol  :D

125 @ 0.38

I would hope with the doubts raised about your trustworthiness in the other thread you would be open to the option of a buyer picking a trustworthy escrow, no?  Not taking any sides, but I'm always hesitant when one side chooses an escrow immediately, and doubly so when the trustworthiness of the individual is called into question.

I understand you are new here but no. John is more than fine and trusted. Zefir did not question my trustworthiness only that sales should be made with trusted escrow, a point that I highly agree with. If you do not trust John than please do not buy. I highly doubt you would be able to find someone willing that the community trusts more than John.
 
I should not have let unestablished/unknown members participate in the auction but I guess it is too late to change the rules.

Best of luck.

200 @  @ 0.38

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:

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  :-[.

Zefir clarified, so my apologies, and I meant no offense to John.  My suspicions were aroused based on how I saw the whole thing unfold, and Zefir's comment.  I take what I said back.

Just to clarify that Chaang Noi was banned by theymos for repeated off-topic trollings, and was reinstated. I only knew that he was unbanned after he posted this thread, and my post above was to welcome him back as he was an active on the forums and IRC last year.

As for my part here, I've acted as an escrow holder for some time privately, and I've recently begun to offer my services publicly for tips. I've held funds from others amounting to over a thousand BTC now, and I'm not going anywhere soon.

PS: Scamming does not constitute a ban - only trolling/spamming does. *looks at smoothie  ::)*

75 @ 0.38

PM #1


"Hi
I am a newbie so I can't post in your auction thread...

my bid is 25@0.45

thanks"

250 @ 0.38

I would like to make a small change to the auction. I would like to avoid snipers and would like to extend the the end time of the auction for 30 mins after the last bid. This means the auction will not end until there has been 30 mins with no new bids.

This should stop someone from getting all the shares at the last second.

Also about the past drama that has entered this thread you can read about it here https://bitcointalk.org/index.php?topic=144614.0

Zefir thank you for clearing up the confusion but you are 100% correct to recommend escrow always be used. Even though I am "trusted" my account could have been hacked or taken over. Always be safe and trust no one!

Thanks guys.

PM #2

Hi Chaang Noi  Smiley

I would like to bid for 400 asicmining shares at 0.38 btc each for a total of 152 btc.

Regards,

25 @ 0.39

Soooo...Why's bidding starting at 380% of the IPO price?

This is a  Auctions thread. You can't edit posts. And moderators can't do it too, I think...

Ha, yeah so I noticed :-\


Well anyway, back to the original question: Goat, why are you offering them at .38 when they were originally purchased at .1? What makes these 2000 shares so special that they require a 380% markup?

Because that's what the market rate is this week, there are a number of threads selling at higher prices.

My auction is still running in another thread and ASICMINER shares are currently going for 0.44BTC each, so please allow me to take the ball and answer your question.

When friedcat offered participation in his venture 6+ months ago, this was not more than a bet whether he could compete with the established players. Assume at that times you invested money in ASICMINER, BFL, Avalon and bASIC equally to diversify your risk. Today, ASICMINER won the race (ok, Avalon delivered first, but not to us mortals) and that's why you are asked to pay 300% risk surcharge - thats what you pay to someone else taking the risk for you.

Can I be the one to point out the typo in the thread title?  2000 sahres.

500 @ 0.4

250 @ .38

25 @ 0.39

Please update my bid:
400 @ 0.38

And do not forget that this means
250 @ 0.38 # 14 + 150 @ 0.38 # 30
:)

75 @ 0.39
(=29.25 total)

I think that increases of 0.01 are too high btw. considering that the starting price is just 0.38 per share and one has to buy in packs of 25 shares.

Im sorry I have no idea how this works as an investment, is anyone willing to break it down for my feeble mind?

500 @ 0.39
100 @ 0.41

Name	Number of shares	pps
PM1	25	0.45
TradeFortress	100	0.41
mb300sd	400	0.40
Sal002	25	0.39
wachtwoord	25	0.39
Sukrim	75	0.39
TradeFortress	500	0.39
ahdinosaur	125	0.38
BlackLilac	200	0.38
ghostshirt	75	0.38
Vezunchik	250	0.38
PM2	200	0.38

-------OUTBID------------------------

Name	Number of shares	pps
PM2	200	0.38
keystroke	250	0.38
Vezunchik	150	0.38

You simply buying a small part of ASIC mining hardware working 24 h/7 days. (1/400 000 of ASICMiner power).
https://bitcointalk.org/index.php?topic=99497.0 (https://bitcointalk.org/index.php?topic=99497.0)

Yes, mods can still delete posts in this section. Please use the 'report to moderators' option next time to inform us.

Ah, sounds good. Thanks John.



Right, I understand that...but that's surely not the only aspect going into this evaluation?

At 12TH/s (their starting projection before ramping up to 50TH/s or more), it's 30MH/s per share (400,000 shares). These 2000 shares up for offer are worth 60GH/s...in August 2012 (at IPO price of .1BTC), it was worth 200BTC, or $2,000 (at roughly $10 per BTC back then).

So now you're telling me that 6 months of risk (and BTC rallying) has resulted in $2,000 in shares suddenly becoming worth $20,500? [2000 shares x .38BTC minimum valuation x $27 USD/BTC]
Even at 50TH/s, it's only 125MH/s per share...2000 of which would result in 250GH/s. In my mind, I simply can't justify how that could be worth a minimum of 760 Bitcoins, even when factoring in risk...

Clearly there's something I'm missing...or maybe people bidding for these shares haven't done their math yet?

A number of factors:

At 0.1 BTC / share, there was significant risk - development problems for example, and nobody could predict if ASICMINER will be the first to market (they are definitely beating avalon's ASIC trickle).

The BTC price rally is a null point - higher BTC worth means that mining companies will make more USD income, and vice versa.

And these aren't mining bonds but equity in a company.

You're missing a whole bunch of things.  Here's the most obvious:

People aren't investing for the 12 TH/s they have now.  That would be like me claiming people investing in your mining company are investing for the ZERO TH/s you have now.

The investment is for the long-term value.  Where I disagree with you (and I KNOW we disagree - as you wouldn't have started your company if you agreed) is that I believe in the medium to long-term only companies with a significant edge of some kind will be able to make a profit from BTC mining.   That's because the barrier to entry to mining is so low that all the time it's profitable to do, more people will keep getting in.  And even when it becomes unprofitable more will STILL come in - those doing it for fun, those with an inability to do math and those running mining companies who take a cut of revenue and pass the losses on to investors.

Manufacturing your own ASICs is about the biggest such edge possible - when hardware costs 10% of what it costs competitors you have a massive advantage.  Add to that Chinese power/labour costs and you have a company that there's just no way the likes of you can compete against - they can mine profitably long after you're making a loss.

Not only do investors get that mining - but also a share of profits from sales to the mathematically challenged who mine or who run mining companies selling investment to those with even less ability in math.

That's what's being sold.

Oh - and if you DO want to look at just the first 12 GH/s, do remember that the 200k BitFountain get nothing until the other shares (the type being sold here) have got back their initial 0.1 BTC.  That adds just over .05 BTC to the value alone.

Ha, touché ;)


I think the majority of the valuation comes from the fact that profits (and dividends along with it) are going to enormous until both Avalon and BFL kick it into gear, combined with the long term prospects (assuming ASICMiner continues to develop more advanced hardware as the years go on).

That said, I still agree with you on pretty much all the points made..and I, personally, value long term investments quite a bit more. But I do know most Bitcoin investors tend to have a short attention span, which is why I kept my company's mining fund more on the medium term :D ..the security that starts after the bond holders are paid back is the long term part of my company ;)

Anyway, I digressed. TL;DR - I see the points made, and although I agree that they add value I am still wary about the price tag for such a valuation.

Thanks for laying it out there, Deprived :)

Thanks for doing this while I was sleeping.  :)

25@0.5

Someone mess up here?

Name	Number of shares	pps
xiangfu	25	0.5
PM1	25	0.45
TradeFortress	100	0.41
mb300sd	500	0.40
Sal002	25	0.39
wachtwoord	25	0.39
Sukrim	75	0.39
TradeFortress	500	0.39
ahdinosaur	125	0.38
BlackLilac	200	0.38
ghostshirt	75	0.38
Vezunchik	250	0.38
PM2	75	0.38

-------OUTBID------------------------

Name	Number of shares	pps
PM2	325	0.38
keystroke	250	0.38
Vezunchik	150	0.38

No problem.


That was me, sorry. But I see it's fixed already.

I'm starting to wonder if BFL never ships and Avlon never ships how many BTC will ASICMiner have in a year?

Avalon clearly is having issues with it's first batch (like only a prototype) and BFL is always 4 to 6 weeks (no prototype)?

Hmm...

75 @ 0.39

PM 3

"Sory, I must have read over that.

PLS make it 50 for 0,45 each."

Update from PM2

"Hey Chaang Noi

I would like to raise my bid to 400 @ 0.39"

200 @ 0.39

225 @ 0.41

All old bids are now void?

Can we get an updated list please?

75 @ 0.40 (update)

Well...
May be you think anybody can bid 2К for 1 BTC per share (or more realistic 0.6-0.7) and at the last moment say "All old bids are now void"?
Of course no!
But if you want...
250 @ 0.38 # 14
150 @ 0.38 # 28
225 @ 0.41 # 53
And do not forget that 14 and 28 were outbid when I was making 53.

Please, do not do it next time. You have changed post numbers which define bids priority order. It is very easy to restore order, but anyone (me :) ) can make mistake after such changes.

The next posts will just move up, and not affecting the order at all. The original posts deleted were posts of duplicate content.

And as I said - deleting messages here is a bad ides - my bid 200 @ 0.39 # 52 was sorted out by my script...
So full bid is
250 @ 0.38 # 14
150 @ 0.38 # 28
200 @ 0.39 # 52
225 @ 0.41 # 53

Not order, but numbers stored out of here... And it is not worth time - just forget - everything is ok.

I will buy a popcorn and watch this thread in 20 hours.

100 @ 0.40

I was in message #17 for 0.39 for 25 - why am I not listed?

Post	Rised up	Name	Amount	Price per share	Shares left	Shares bought
16	Yes	PM #2	400	0,38	-1850	0
12	Yes	ghostshirt	75	0,38	-1450	0
28		Vezunchik	150	0,38	-1375	0
25		keystroke	250	0,38	-1225	0
14		Vezunchik	250	0,38	-975	0
8		BlackLilac	200	0,38	-725	0
5		ahdinosaur	125	0,38	-525	0
52		Vezunchik	200	0,39	-400	0
51		PM #2	400	0,39	-200	200
49		Vezunchik	75	0,39	200	75
34		TradeFortress	500	0,39	275	500
31		Sukrim	75	0,39	775	75
26		wachtwoord	25	0,39	850	25
17		sal002	25	0,39	875	25
64		gyverlb	100	0,4	900	100
56		ghostshirt	75	0,4	1000	75
24		mb300sd	500	0,4	1075	500
53		Vezunchik	225	0,41	1575	225
34,1		TradeFortress	100	0,41	1800	100
50		PM 3	50	0,45	1900	50
13		PM #1	25	0,45	1950	25
44		xiangfu	25	0,5	1975	25

Do not forget that it is not official list. I do it for myself and post it here free of charge :).

250 @ 0.38 # 14
150 @ 0.38 # 28
200 @ 0.39 # 52
225 @ 0.41 # 53
175 @ 0.41 # this

Thanks for doing it Vezunchik. Do you have a tip address?

Tip address? What is it? If you mean bitcoin network address - I've added it to my signature. But I thought that you will need it only after this auction ends... Some misunderstanding may be... :-\

And let "yours" PM #2 know that he is almost outbid :)

200 @ .39

oops

200 @ .4

50 @ 0.4

PM4

"Hi, newbie status here so I can't post in thread, but I am interested in 25 shares @ 0.41.

Thank you."

About 7 1/2 hours until the auction will close (assuming no bids in the last 30 mins).

+++Reminder if there are bids in the last 30 mins, the auction will get extended 30 mins from the last bid. +++

Thanks

PM5

"Hi Mate

I'd like to bid on your auction of ASICMINER shares. I don't have a reputation in this community as I was only  quietly reading until now but I hope my bid will be honored.

100 @ 0.41

The 41 BTC are ready to be sent to escrow as soon as the auction ends.

Thanks"

Could someone update please? I am not sure what to bid  ???

Hi Goat,

Nice to see you again.

25@0.5 available ?

Hi, it is great to be back:)

That is a fine bid.

I am working on an update so the bids are clear. Just a sec :)

IRC #1

750 @ .45

Data should be right, the lower half are the bids that count.

If I fail at the formating please help :)

Post               Rised up           Name               Amount             Price per share
52      Vezunchik   200   0,39
51      PM #2   400   0,39
49      Vezunchik   75   0,39
34      TradeFortress   500   0,39
31      Sukrim   75   0,39
26      wachtwoord   25   0,39
17      sal002   25   0,39
74      Bogart   50   0,4
73      BlackLilac   200   0,4
64      gyverlb   100   0,4
56      ghostshirt   75   0,4
X   X   XX   X   X
      Lower is valid.       
            
24      mb300sd   500   0,4
77      PM #5   100   0,41
75      PM #4   25   0,41
67      Vezunchik   175   0,41
53      Vezunchik   225   0,41
34      TradeFortress   100   0,41
81      IRC #1   750   0,45
50      PM 3   50   0,45
13      PM #1   25   0,45
70      server   25   0,5
44      xiangfu   25   0,5

150 @ .42

Please update as,
25 @ 0.40
50 @ 0.41

75 @ 0.42

125 @ 0.42

Server is having issues. If this keeps up the auction might get extended.

If the server is fine then about 2 hours left.

Thanks.

100 @ 0.43

24      mb300sd   50   0,4
77      PM #5   100   0,41
75      PM #4   25   0,41
67      Vezunchik   175   0,41
53      Vezunchik   225   0,41
34      TradeFortress   100   0,41
87      Aajo   125   0,42
86      gyverlb   75   0,42
83      BlackLilac   150   0,42
89      wisard   100   0,43
81      IRC #1   750   0,45
50      PM 3   50   0,45
13      PM #1   25   0,45
70      server   25   0,5
44      xiangfu   25   0,5

Please update:
50@0.5

24      mb300sd   25   0,4
77      PM #5   100   0,41
75      PM #4   25   0,41
67      Vezunchik   175   0,41
53      Vezunchik   225   0,41
34      TradeFortress   100   0,41
87      Aajo   125   0,42
86      gyverlb   75   0,42
83      BlackLilac   150   0,42
89      wisard   100   0,43
81      IRC #1   750   0,45
50      PM 3   50   0,45
13      PM #1   25   0,45
91      xiangfu   25   0,5
70      server   25   0,5
32      xiangfu   25   0,5

50 @ 0.43

77      PM #5   75   0,41
75      PM #4   25   0,41
67      Vezunchik   175   0,41
53      Vezunchik   225   0,41
34      TradeFortress   100   0,41
87      Aajo   125   0,42
86      gyverlb   75   0,42
83      BlackLilac   150   0,42
93      ghostshirt   50   0,43
89      wisard   100   0,43
81      IRC #1   750   0,45
50      PM 3   50   0,45
13      PM #1   25   0,45
91      xiangfu   25   0,5
70      server   25   0,5
32      xiangfu   25   0,5

25 @ 0.42

77   50   0,41   PM #5
75   25   0,41   PM #4
67   175   0,41   Vezunchik
53   225   0,41   Vezunchik
34   100   0,41   TradeFortress
95   25   0,42   wachtwoord
87   125   0,42   Aajo
86   75   0,42   gyverlb
83   150   0,42   BlackLilac
93   50   0,43   ghostshirt
89   100   0,43   wisard
81   750   0,45   IRC #1
50   50   0,45   PM 3
13   25   0,45   PM #1
91   25   0,5   xiangfu
70   25   0,5   server
32   25   0,5   xiangfu

Breaking related news. BFL will ship a few this month maybe but only if all goes well. lol.

https://forums.butterflylabs.com/blogs/bfl_jody/85-perennial-question-when-will-my-order-ship.html

50 @ .42

#   $   N   O
25   0,41   PM #4   75
175   0,41   Vezunchik   67
225   0,41   Vezunchik   53
100   0,41   TradeFortress   34
50   0,42   ThickAsThieves   98
25   0,42   wachtwoord   95
125   0,42   Aajo   87
75   0,42   gyverlb   86
150   0,42   BlackLilac   83
50   0,43   ghostshirt   93
100   0,43   wisard   89
750   0,45   IRC #1   81
50   0,45   PM 3   50
25   0,45   PM #1   13
25   0,5   xiangfu   91
25   0,5   server   70
25   0,5   xiangfu   32

250 @ 0.38 # 14
150 @ 0.38 # 28
200 @ 0.39 # 52
225 @ 0.41 # 53
175 @ 0.41 # 67
25  @ 0.42 # this

25   @   0,41   #   75   ;;   PM #4
175   @   0,41   #   67   ;;   Vezunchik
225   @   0,41   #   53   ;;   Vezunchik
100   @   0,41   #   34   ;;   TradeFortress
50   @   0,42   #   98   ;;   ThickAsThieves
25   @   0,42   #   95   ;;   wachtwoord
125   @   0,42   #   87   ;;   Aajo
75   @   0,42   #   86   ;;   gyverlb
150   @   0,42   #   83   ;;   BlackLilac
50   @   0,43   #   93   ;;   ghostshirt
100   @   0,43   #   89   ;;   wisard
750   @   0,45   #   81   ;;   IRC #1
50   @   0,45   #   50   ;;   PM 3
25   @   0,45   #   13   ;;   PM #1
25   @   0,50   #   91   ;;   xiangfu
25   @   0,50   #   70   ;;   server
25   @   0,50   #   32   ;;   xiangfu


Better?

PM #5  (second bid)

"Hi Mate

I'm not 100% sure but I assume my bid was accepted as "PM #5"? If so, thank you very much!

Also I'd like to update the bid:

100 @ 0.43

Thanks"

300 @ 0.42

I have already bid 100@ 0.43

Also making one more bid:

100 @ 0.42

add 300 @ 0.42

300 @ 0.42 + 100 @ 0.43

50 @ .43

25   @   0,42   #   104      wisard
300   @   0,42   #   103      HorseRider
50   @   0,42   #   98   ;;   ThickAsThieves
25   @   0,42   #   95   ;;   wachtwoord
125   @   0,42   #   87   ;;   Aajo
75   @   0,42   #   86   ;;   gyverlb
150   @   0,42   #   83   ;;   BlackLilac
100   @   0,43   #   106      HorseRider
100   @   0,43   #   102      PM#5
50   @   0,43   #   93   ;;   ghostshirt
100   @   0,43   #   89   ;;   wisard
750   @   0,45   #   81   ;;   IRC #1
50   @   0,45   #   50   ;;   PM 3
25   @   0,45   #   13   ;;   PM #1
25   @   0,5   #   91   ;;   xiangfu
25   @   0,5   #   70   ;;   server
25   @   0,5   #   32   ;;   xiangfu

PM #4   (Second Bid)

"I'd like to update my bid to 25 @ 0.43. Thanks."

250   @   0,42   #   103   ;;   HorseRider
50   @   0,42   #   98   ;;   ThickAsThieves
25   @   0,42   #   95   ;;   wachtwoord
125   @   0,42   #   87   ;;   Aajo
75   @   0,42   #   86   ;;   gyverlb
150   @   0,42   #   83   ;;   BlackLilac
25   @   0,43   #   109   ;;   PM#4
50   @   0,43   #   107   ;;   ThickAsThieves
100   @   0,43   #   106   ;;   HorseRider
100   @   0,43   #   102   ;;   PM#5
50   @   0,43   #   93   ;;   ghostshirt
100   @   0,43   #   89   ;;   wisard
750   @   0,45   #   81   ;;   IRC #1
50   @   0,45   #   50   ;;   PM 3
25   @   0,45   #   13   ;;   PM #1
25   @   0,5   #   91   ;;   xiangfu
25   @   0,5   #   70   ;;   server
25   @   0,5   #   32   ;;   xiangfu

I already have a bid of 100 @ 0.43

Adding 100 @ 0.43 more.

Thanks.

150   @   0,42   #   103   ;;   HorseRider
50   @   0,42   #   98   ;;   ThickAsThieves
25   @   0,42   #   95   ;;   wachtwoord
125   @   0,42   #   87   ;;   Aajo
75   @   0,42   #   86   ;;   gyverlb
150   @   0,42   #   83   ;;   BlackLilac
100   @   0,43   #   111      wisard
25   @   0,43   #   109   ;;   PM#4
50   @   0,43   #   107   ;;   ThickAsThieves
100   @   0,43   #   106   ;;   HorseRider
100   @   0,43   #   102   ;;   PM#5
50   @   0,43   #   93   ;;   ghostshirt
100   @   0,43   #   89   ;;   wisard
750   @   0,45   #   81   ;;   IRC #1
50   @   0,45   #   50   ;;   PM 3
25   @   0,45   #   13   ;;   PM #1
25   @   0,5   #   91   ;;   xiangfu
25   @   0,5   #   70   ;;   server
25   @   0,5   #   32   ;;   xiangfu

Okay the normal time for this auction has ended. You now have the opportunity to make a bid 30 mins from the last bid. That was at XX:46:56  So you have about 15 mins to make a new bid.

Thank you. 

I am going to call it. Escrow contract is coming soon.

Keep in mind you are not forced to use escrow. You can pay me directly and we can have our own contract.

Also if you do not like the contract do not pay, just let me know. I am not going to force you to do something you do not want.

However if you pay that means you consent to the rules of the contract so read it!

Thank you.

Here is the contract. You will each get a PM with your specific address.


Asic-Miner auction and escrow contract.

 Please read the following carefully and please ask any questions BEFORE sending any bitcoin. Sending bitcoin means you agree to these terms.

If you do not agree to these terms please do NOT send bitcoin and message me that you no longer wish to have the shares. There is no punishment for rejecting this contract other than not having the ability to claim shares.

You will need to send BTC to your address found at the lower part of the contract. This address is the escrow address and it is being held by John(JohntheDong). If you do not trust John and do not wish to use him as escrow we can make the trade without escrow.

You are buying my claimed ASICMiner shares.

Once I have the shares I will send them to John and he will thus send them to you. This will be done because it is hard to prove to John that I did send out the shares if I send them directly.

Assuming this can not happen Friedcat will have to directly and publicly hand out the shares to the buyer.


Once John has the shares the BTC must be released to me to one of the following address. I will tell John what address I wish the coins sent to at the time. Using more than one address lets me have a wallet destroyed with out losing the coins.

13twB8MBNxbjMDvHrXdyh15T2ZKfsEhz8g

1Au1PEH71fsKfhgHSGN77CmH9tVmURriAY

1NShakJyWU5cBtrdGbRYyJzzE1KJTM1jPo


Because you are buying the claimed shares, if something unfortunate should happen and the shares are never sent to me BTC can not be refunded. You can not get a refund for acts of God or something outside of my control. If friedcat was hit by a bus, or if the Internet in China goes off line forever this is not in my control. If friedcat sends out the shares later than 19th April for any reason, I reserve the right to request and obtain the escrowed Bitcoins from John. I will still be obligated to send to john if I ever receive them in the future. 

John only has the option to return BTC to the buyers if and only if I refuse to send the shares I have received to John.

To avoid coins being locked in escrow forever at anytime and for any reason a buyer or myself can give permission to release the funds to the other party. John will have to make sure you are the true owner so please only send funds from an address you hold. Do not send funds from a Mt. Gox address for example.

If John feels the need for a 3rd party to assist him in making a decision John, Myself and the buyers must agree on who that third party is. We must have 100% consent from all involved if there is any variation from this contract.

Even if the coins are lost or destroyed  even by an act of God John has the obligation to pay in full. John by participating in this escrow agrees to receive a scammers tag if he does not pay the coins back 100% with in 2 weeks after the criteria for the transfer of the BTC has been met. 

Because it is your option to use escrow I will not send the shares if it is public knowledge that John is unable to release the BTC. If John is hit by a bus or whatever you must take that risk when you take the option to use escrow.


By sending coins to your address you agree to the terms of this contract.

You payment address is XXXXXXSSSXXXXSSXXX

Please make sure the address in your contract is the same address as the one John listed in the Auction thread.



Reminder: John(JohntheDong) is providing this escrow service for no charge and is taking personal risk to do so. Please do not forget to send him a tip. Please use the BTC address found in his sig NOT the address you are making payments to.

And where are my bids:
250 @ 0.38 # 14
150 @ 0.38 # 28
200 @ 0.39 # 52
225 @ 0.41 # 53
175 @ 0.41 # 67
25  @ 0.42 # 100
300 @ 0.42 # 105

???

Wnners bids (http://"https://docs.google.com/file/d/0BwWpkjUuvsmcZFZlbThSYXJqVVE/edit?usp=sharing")

Hmm, I think you are right. You should have 150 shares at .42  that is my mistake. HorseRider should not.

My mistake.



Please double check this!!

150   @   0,42   #   103   ;;   Vezunchik
50   @   0,42   #   98   ;;   ThickAsThieves
25   @   0,42   #   95   ;;   wachtwoord
125   @   0,42   #   87   ;;   Aajo
75   @   0,42   #   86   ;;   gyverlb
150   @   0,42   #   83   ;;   BlackLilac
100   @   0,43   #   111      wisard
25   @   0,43   #   109   ;;   PM#4
50   @   0,43   #   107   ;;   ThickAsThieves
100   @   0,43   #   106   ;;   HorseRider
100   @   0,43   #   102   ;;   PM#5
50   @   0,43   #   93   ;;   ghostshirt
100   @   0,43   #   89   ;;   wisard
750   @   0,45   #   53      IRC #1
50   @   0,45   #   50   ;;   PM 3
25   @   0,45   #   13   ;;   PM #1
25   @   0,5   #   91   ;;   xiangfu
25   @   0,5   #   70   ;;   server
25   @   0,5   #   32   ;;   xiangfu

I think this is right, please double check!  This is the total i think you owe.

Vezunchik   63
ThickAsThieves   42.5
wachtwoord   10.5
Aajo   52.5
gyverlb   31.5
BlackLilac   63
wisard   86
PM#4   10.75
ThickAsThieves   21.5
HorseRider   43
PM#5   43
ghostshirt   21.5
IRC #1   337.5
PM # 3   22.5
xiangfu   25
server   25
xiangfu   25
   923.75

I agree to the statement above, and please note that on the event friedcat chooses to list on MPOE I am excusing myself to hold the shares from Chaang Noi (the details can be discussed if this unfortunately occurs) due to the fees involved in creating an account there. I'm already providing a low cost service for the time and risks involved, and I certainly don't want to pay the fees involved.  ;)

Thank you everyone.

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

The escrow addresses for Chaang Noi (Goat)'s ASICMINER auction of 2000 shares would be the following:


1.    1J2CRj1aoiK4jcYCRn5BactqaFWu2KYt9r
2.    1MoVBGFPnhQMQV5Y2y1XShMHWi5Sq4bemk
3.    13MYBZkhrRKqJzxjmFbgYBfof8vwbC2vCT
4.    1AEfEerdoVMgJopJaLM2hyf2ihhq1sQJH7
5.    1PwGY2nsRN8VnG2qiYYUN2RFsapWrrio6W
6.    1EceQNAHZmjtDhUxjfCoaDS5UD1b7TGTE4
7.    1J9ka4nBZEVwshf7QWnYUXsxvjuNSJdn8Z
8.    1PZ1ufMKtRVPeMJY9Rxtz4j1f26wzSjvHQ
9.    13eZKUxSBy97ByhHE5JrcADTKVhChPja28
10.   1K7zVAubp491r6i5NcYLn5FZpvMoGexUfe
11.   1PF3iqLiCAnymvTkgcB4YcRRnF7cLSW7G9
12.   1FH5mBK9chSEjGiKn6DaowJxBC5qjsTRrQ
13.   1QEnRAw2SYPWxUYZd2RABF8ZXnB5aLh4AR
14.   1J2EJQLKJdUGRfxDB9RFwF7j6kLfk3VXPd
15.   1DrwrMjiwkUTFcUgYvj3LdVRHDPi6f6NLH

Please ensure that Chaang Noi has sent you a correct address in the list should you choose to use escrow by me. Thank you.

John
Feb 19 2013
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.11 (MingW32)
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=jOMj
-----END PGP SIGNATURE-----

Thank you John!

Also can someone not a winner in the auction witness this?  Thanks! :)

I was right the first time

150   @   0,42   #   103   ;;   HorseRider
50   @   0,42   #   98   ;;   ThickAsThieves
25   @   0,42   #   95   ;;   wachtwoord
125   @   0,42   #   87   ;;   Aajo
75   @   0,42   #   86   ;;   gyverlb
150   @   0,42   #   83   ;;   BlackLilac
100   @   0,43   #   111      wisard
25   @   0,43   #   109   ;;   PM#4
50   @   0,43   #   107   ;;   ThickAsThieves
100   @   0,43   #   106   ;;   HorseRider
100   @   0,43   #   102   ;;   PM#5
50   @   0,43   #   93   ;;   ghostshirt
100   @   0,43   #   89   ;;   wisard
750   @   0,45   #   81   ;;   IRC #1
50   @   0,45   #   50   ;;   PM 3
25   @   0,45   #   13   ;;   PM #1
25   @   0,5   #   91   ;;   xiangfu
25   @   0,5   #   70   ;;   server
25   @   0,5   #   32   ;;   xiangfu

His bid was two posts before yours.

In order to not mess this up more than it is I will sell to both Vezunchik and HorseRider.   I can part with an extra 150 shares.

Thank you.

Vezunchik   63
ThickAsThieves   42.5
wachtwoord   10.5
Aajo   52.5
gyverlb   31.5
BlackLilac   63
wisard   86
PM#4   10.75
ThickAsThieves   21.5
HorseRider   106
PM#5   43
ghostshirt   21.5
IRC #1   337.5
PM # 3   22.5
xiangfu   25
server   25
xiangfu   25

Everyone should have their PM with their address. I remind you that you must pay with in 24 hours.

Thank you.

There's a part I'm not sure I understand:


I'm OK with my BTC being yours if something happens to your shares. But I'd like to be sure that johnthedong won't release my BTC after 19th April unless you provide proof that you own the shares. I don't see how this can happen if friedcat is hit by a bus.

To make it clear: until friedcat has properly verified the transfer of the shares that should become mine either to me or to the escrow, you should be the one assuming the risks of them disappearing, not me (I don't have any proof that you are indeed in a position to sell me the amount of shares promised).


With these conditions it seems to me that the buyers assume all the risks of friedcat disappearing before the transfer can be validated even if they use escrow (the buyer can't claim the BTC back him/herself if the deal can not go on).

Is there something I didn't understand?

You are assuming that risk. This is a sale now!   Let us say that in a month it is clear that BFL and Avalon fail and ASICMiner is the only ASIC comapny for the next year. The stock will go up to 4 BTC maybe more. I am taking this risk of that not happening by selling it to you now at .04X. You are taking the risk something does not happen like a bus accident.   I will not let the coins just sit in escrow forever or I lose out becasue of an act of God. This is a sale now, not an option to buy later if everything works out for you.

If you do not really want to buy them that is fine. There is no way to I can guarantee to give you something I do not have. I am acting in good faith here, you must as well. You are buying my verified claim.

I hope this makes sense.

Thanks

The BTC is not released before the shares get sent to me (and sent to the buyers), unless friedcat goes MIA, or Goat does not receive the shares for some reason.( and is able to prove that conclusively) Friedcat's default is a risk to the buyers, much like the risk incurred when one buy BFL or another ASIC's preorder spot.

It's 12AM here, so there might be some flaws in my reasoning though.

That is pretty much my thinking. Thanks :)

I'm OK with a default from Friedcat. What I'm worried about is that friedcat seems quite busy these days and I don't know him well enough to know if he will be around to confirm that Goat really has 2000+ shares before April the 19th. Currently I only have Goat's word that he owns the shares. You use escrow when you think you can't afford to trust the other party. Escrow isn't any good for me if there's a situation (friedcat not answering until April the 19th) where Goat can sell me shares he never owned.

But you said :

This imply that if friedcat disappears before having acknowledged publicly that Goat's share are real, Goat won't be able to prove anything about his shares and I'll get my BTC back. If we agree on that then there's no problem.

In fact when biding I thought there was an existing confirmation from friedcat somewhere:
If there really is one confirmation somewhere I can read then there is no problem.

Witnessed

Hmm.. that's a good point. Yes, Goat will need to prove his stake of the shares involved either via friedcat's statement or otherwise to have this risk transferred to the buyer.

I have the confirmation in e-mail. I guess the question is do you trust me enough and how long do you think it will take Friedcat.   Honestly I would rather not sell the shares than to risk it sitting in escrow forever. You do not have to buy. You can walk away and no one will judge you.

Honestly I do not mind keeping the shares and if I wanted to sell them to someone else I'm sure I can find a buyer.

However I will publish my e-mails if Friedcat is hit by a bus and I will give access to John to my g-mail account so he can see them first hand. This should be pretty solid I would think.

Thanks.

Thank you for running this auction.

I don't want to seem to be nitpicky. But here is the issue:

HorseRider's bid number was #103. 300 shares at 0.42.
Mine was #104. 100 shares at 0.42.
Vezunchik's was #105. 300 shares at 0.42.

In post number #110, I read that other bids have pushed my bid number #104 off the list.
And so I make a new bid, bid number #111. 100 shares at 0.43.

And then I find that because of issues with communication, someone who was behind me on the list is getting shares at a cost less than me anyways.

Please consider my bid #104 instead of #111. The issue is only 1 bitcoin. But things as they stand now don't seem right to me.

That should be pretty conclusive as the email headers and the content would be a quite good proof.

I trust John: if you convince him that's enough for me.

Yes, please send 1 BTC less. :)

Sadly that is not the way the contract is stated. I will just do it to keep my reputation. I have worked hard to be so trusted.  You need to decide before you send the coins if you trust me or not.

The contract does not say I need to prove that I have a claim, but I will do it never the less.

Thank you.

I need to go to bed so please ask me questions before sending coin if you have them. Be back in 9 hours or so.

Peace

Fantastic, 31.5 BTC sent for 75 shares at 0.42 BTC. Tip sent your way too.

I prepared this reply when I paid, long before the stream of following replies and had to try twice again to make it go through.

John has the coins because I trust him. I'm willing to trust Goat given he has publicly stated that he will provide proof to John if needed. Goat: I understand rewording a contract is not trivial, but given that I pointed out a loophole and that you value your reputation I think this would be in your best interest to close the loophole by explicitly accepting Johnthedong arbitration on this (this is why we use escrow services after all).

This is why we have contracts. A post in the forum can not change a contract. I do not need to prove anything but I will do so willingly to keep my reputation in the highly unlikely event freidcat can not be contacted.

Thank you for your understanding.

I've just made a payment of 21.50 BTC to the given address.

Thank you, I will check the address tomorrow and make a note of everyone who has been recored as paying.

Good night!

Can't understand what does it means:
100 @ 0.41 # 103
300 @ 0.42 # 106
100 @ 0.43 # 106.1

OR
100 @ 0.41 # 103
100 @ 0.43 # 106

I think first - there is now word "update" or rise... But anyway - I can't understand how Chaang Noi (Goat) made his table of winners. Where is my mistake? What means 63 about me and so?

Post	Rised up	Name	Amount	Price per share	Shares left	Shares may bought
106,1	???	HorseRider	300	0,42	-5375	0
12	Yes	ghostshirt	75	0,38	-5075	0
16	Yes	PM #2	400	0,38	-5000	0
56	Yes	ghostshirt	75	0,4	-4600	0
75	Yes	PM #4	25	0,41	-4525	0
44	Yes	xiangfu	25	0,5	-4500	0
5		ahdinosaur	125	0,38	-4475	0
8		BlackLilac	200	0,38	-4350	0
14		Vezunchik	250	0,38	-4150	0
25		keystroke	250	0,38	-3900	0
28		Vezunchik	150	0,38	-3650	0
17		sal002	25	0,39	-3500	0
26		wachtwoord	25	0,39	-3475	0
31		Sukrim	75	0,39	-3450	0
34		TradeFortress	500	0,39	-3375	0
49		Vezunchik	75	0,39	-2875	0
51		PM #2	400	0,39	-2800	0
52		Vezunchik	200	0,39	-2400	0
72		BlackLilac	200	0,39	-2200	0
24		mb300sd	500	0,4	-2000	0
64		gyverlb	100	0,4	-1500	0
73		BlackLilac	200	0,4	-1400	0
74		Bogart	50	0,4	-1200	0
85		ghostshirt	25	0,4	-1150	0
34,1		TradeFortress	100	0,41	-1125	0
53		Vezunchik	225	0,41	-1025	0
67		Vezunchik	175	0,41	-800	0
77		PM #5	100	0,41	-625	0
85,1		ghostshirt	50	0,41	-525	0
83		BlackLilac	150	0,42	-475	0
86		gyverlb	75	0,42	-325	0
87		Aajo	125	0,42	-250	0
95		wachtwoord	25	0,42	-125	0
98		ThickAsThieves	50	0,42	-100	0
100		Vezunchik	25	0,42	-50	0
103		HorseRider	300	0,42	-25	275
104		wisard	100	0,42	275	100
105		Vezunchik	300	0,42	375	300
89		wisard	100	0,43	675	100
93		ghostshirt	50	0,43	775	50
102		PM #5	100	0,43	825	100
106		HorseRider	100	0,43	925	100
107		ThickAsThieves	50	0,43	1025	50
109		PM #4	25	0,43	1075	25
13		PM #1	25	0,45	1100	25
50		PM 3	50	0,45	1125	50
81		IRC #1	750	0,45	1175	750
79		server	25	0,5	1925	25
91		xiangfu	50	0,5	1950	50

Also from the OP


Okay I am posting here publicly instead of via PM because I think this might apply to everyone. The contract as it is now implies that if you never owned the shares to begin with, John should still release the shares to you. Of course I cannot agree with that.

There are two solutions of which I prefer E1:

E1) Get Friedcat to confirm you own he shares and can sell ownership here
E2) Amend the contract so it states that before John can release the coins to you E1 must have occurred. Further, if you cannot provide either the shares or E1 before 19th April, the deal is void and John is to send the coins back to me (the buyer).

I do not mind assuming the risk of ASICMINER going bust (e.g. Friedcat going AWOL), as this is the normal result of becoming a shareholder. I do object to the possibility of the proceeds for the shares being paid out without you either (i) sending the shares or (ii) proving you actually own the shares.

I hope this will not cause any issues :)

Vezunchik, now you are confusing me. Can an independent party parse this thread for the correct final winners? Or is Goat just going to settle discrepancies with extra shares to sell?

I've already sold some assets to free up the coins for my 100 shares, and would like to make sure I'm not wasting my time and some margin.

Instead of asking questions, tell me what rows or order in my table are wrong. And Goat must answer - mot me.

BTC63 sent for 150 shares of ASICMINER, at BTC0.42 per share.

Sent to user John (johnthedong) for escrow: 1EceQNAHZmjtDhUxjfCoaDS5UD1b7TGTE4

From user BlackLilac: 1BLACKL7UKcyHrDybu91hM44jGFt8bysXs

Transaction ID: 6aad1d72c56bd90f046239a6df285f9cdec4a1e490dc7d5601b43d47f1f802d8

https://blockchain.info/tx/6aad1d72c56bd90f046239a6df285f9cdec4a1e490dc7d5601b43d47f1f802d8

If anyone finds a mistake please tell me specifically what that is and I will try to deal with that fairly.

Thank you.

@Watchwoord

I do agree with your points and were I to start over I would have included something like the e-mail being sent to John in the contract. However I am not going to redo the contract and most people have no issue with it. There is no punishment for backing out of the auction and I do not mind. I 100% understand where you are coming from.

Thank you.

BTC42.5 sent for 100 shares of ASICMINER (50 shares at BTC.42 + 50 shares @ BTC.43)

Sent to user John (johnthedong) for escrow: 13MYBZkhrRKqJzxjmFbgYBfof8vwbC2vCT

From user ThickAsThieves: 1KXNVYSQNdr7y5a9JMJEsBJWGJEDLd69Kr

https://blockchain.info/tx/6a5db9af0c22c297d5bfd6895264f923a3f77e78173a3475c155877f574be769 (https://blockchain.info/tx/6a5db9af0c22c297d5bfd6895264f923a3f77e78173a3475c155877f574be769)

Okay, I'm willing to forward my confirmation e-mail (Oct 24th) to John now as long has be will agree to a short NDA and basically can only say that YES or NO the shares were confirmed.

I will PM a request for his e-email.

I have obtained the forwarded mail from Chaang Noi, and yes, the shares are confirmed on the email.

The OP says you must pay within 24 hours. However I will extend this to when I wake up in the morning. That will be around 8:00 AM Thailand time. (in about 19 hours)

If I can not see the coin by then, you no longer have a claim.


Also IRC #1 turned out to be a troll so if anyone is interested in 750 shares please let me know.

Thank you.

   

43                            no escrow                                    acayne
0   1J2CRj1aoiK4jcYCRn5BactqaFWu2KYt9r           Vezunchik
0   1MoVBGFPnhQMQV5Y2y1XShMHWi5Sq4bemk   wisard
42.5   13MYBZkhrRKqJzxjmFbgYBfof8vwbC2vCT   ThickAsThieves
0   1AEfEerdoVMgJopJaLM2hyf2ihhq1sQJH7   HorseRider
22.5   1PwGY2nsRN8VnG2qiYYUN2RFsapWrrio6W   Betatester pm #3
63   1EceQNAHZmjtDhUxjfCoaDS5UD1b7TGTE4   BlackLilac
21.5   1J9ka4nBZEVwshf7QWnYUXsxvjuNSJdn8Z   ghostshirt
31.5   1PZ1ufMKtRVPeMJY9Rxtz4j1f26wzSjvHQ   gyverlb
0   13eZKUxSBy97ByhHE5JrcADTKVhChPja28   Aajo
0   1K7zVAubp491r6i5NcYLn5FZpvMoGexUfe   xiangfu
0   1PF3iqLiCAnymvTkgcB4YcRRnF7cLSW7G9   wachtwoord
12.5   1FH5mBK9chSEjGiKn6DaowJxBC5qjsTRrQ   server
10.75   1QEnRAw2SYPWxUYZd2RABF8ZXnB5aLh4AR   PM # 4 Slix"
0   1J2EJQLKJdUGRfxDB9RFwF7j6kLfk3VXPd   PM #1 "justanickname"


P.S. Thank you John.

85 bitcoins sent for 200 shares. (100 @ 0.43 and 100 @ 0.42)

Sent to user John (johnthedong) for escrow: 1MoVBGFPnhQMQV5Y2y1XShMHWi5Sq4bemk

From user wisard: 13JQGEfrCJQbU5rc92EL1MhmCEtZCB7HLw

https://blockchain.info/tx/46cd3c18181a8860ddc1393679052077417785f1cd5de399cd2a37edce69e82a

Wow 2000 shares huh?

No wonder you wanted to thread-jack.

So what's going to happen if you never receive those ASICminer shares?

I'm sure you're planning on refunding all these nice people right?

So what exactly is different from your scam than mine?

Because some guy confirmed an email?!?

I'd have NO PROBLEM doing that.  After all, that is some kind of escrow!

I have very good reason to suspect you will not receive the shares. My recommendation is that everyone should use escrow unless they trust the buyer very highly. Having someone look at an e-mail is NOT escrow.

Thank you and please everyone trade safe use trusted escrow!

What/where is your feedback record?

What "bad investments" did you make?  Trusting scammers?

Now you want people to trust you?

Here is my flawless feedback record:

https://bitcointalk.org/index.php?topic=126611.0
https://bitcointalk.org/index.php?topic=85980.0
https://bitcointalk.org/index.php?topic=87579.0
https://bitcointalk.org/index.php?topic=46372.0
https://bitcointalk.org/index.php?topic=92788.0
https://bitcointalk.org/index.php?topic=484.msg783540#msg783540

Oh, and I have several eBay accounts with over 1000 positives, dating back to 1997 that I would happily verify are mine should anyone request such proof.

Now, what is your plan should you not receive those 2000 shares?

Oh and you live in Thailand right?

I live in the USA.

Which country do you think would enforce accountability for a bitcoin-related scam?

Just thinking out loud, since you came and shat all over my thread.

Oops look at that, here's another:

https://bitcointalk.org/index.php?topic=102584

My tally:

https://bitcointalk.org/index.php?topic=126611.0
https://bitcointalk.org/index.php?topic=102584.0
https://bitcointalk.org/index.php?topic=92788.0
https://bitcointalk.org/index.php?topic=85980.0
https://bitcointalk.org/index.php?topic=87579.0
https://bitcointalk.org/index.php?topic=46372.0
https://bitcointalk.org/index.php?topic=484.msg783540#msg783540

But I'm a scammer, right?

Right because you want to do a $100,800 trade WITHOUT escrow

Go scam someone else.

43   no escrow   acayne
0   1J2CRj1aoiK4jcYCRn5BactqaFWu2KYt9r   Vezunchik
85   1MoVBGFPnhQMQV5Y2y1XShMHWi5Sq4bemk   wisard
42.5   13MYBZkhrRKqJzxjmFbgYBfof8vwbC2vCT   ThickAsThieves
0   1AEfEerdoVMgJopJaLM2hyf2ihhq1sQJH7   HorseRider
22.5   1PwGY2nsRN8VnG2qiYYUN2RFsapWrrio6W   pm #3
63   1EceQNAHZmjtDhUxjfCoaDS5UD1b7TGTE4   BlackLilac
21.5   1J9ka4nBZEVwshf7QWnYUXsxvjuNSJdn8Z   ghostshirt
31.5   1PZ1ufMKtRVPeMJY9Rxtz4j1f26wzSjvHQ   gyverlb
0   13eZKUxSBy97ByhHE5JrcADTKVhChPja28   Aajo
0   1K7zVAubp491r6i5NcYLn5FZpvMoGexUfe   xiangfu
0   1PF3iqLiCAnymvTkgcB4YcRRnF7cLSW7G9   wachtwoord
12.5   1FH5mBK9chSEjGiKn6DaowJxBC5qjsTRrQ   server
10.75   1QEnRAw2SYPWxUYZd2RABF8ZXnB5aLh4AR   PM # 4
0   1J2EJQLKJdUGRfxDB9RFwF7j6kLfk3VXPd   PM #1

If you have an issue making payments please let me know.

Thanks

Where was this $100,800 trade  ???

Different thread, and he is not talking about me.

Some one spammed this, I think the mods got rid of some of the off topic posts.

xiangfu has paid 25 btc.

Thank you.

Great. Thanks

Neither.

and that is why we use trusted escrow:)

Indeed.   ;D

My bid 300 @ 0.42 # 105 must be in winners list. - mistake.
You didn't found mistakes in my table. So you winers table was made in wrong way. - mistake.


There are a lot of independent members here, but no one wants make a look for bid list. You may do it by yourself - just search for ("@" OR "PM") in this thread.

Your math skills appear to need some freshening.

Who is scamming here?

Goat has already sold, what, 1250 shares of something he doesn't have posession of?

Yet I was immediately accused of being a scammer when my history on this board has clearly shown otherwise.  Furthermore,  I have provided more proof of ownership than this so-called "hero".

But continue on.  It's ironically obvious the bitcoin lemming community prefers to support the con-men and crooks as opposed to those that have proven themselves honest and trustworthy.

Really?

What/who?

A moderator of an internet forum?

I'll be sure to keep an eye on this thread since you have somehow convinced the lemmings I am a scammer.  Where is your feedback and positive transaction history?

For those of you new to the game I encourage you to search "pirateat40".

Also might want to check on the general satisfaction level of btc pass-throughs.

Another good read:  https://bitcointalk.org/index.php?topic=83794.0

Vezunchik, I do not understand. Is there a reason why you are not paying for your shares?

Find one, one single person, I have scammed in this community the entire time I have been a member.  Since you seem to have many hours of free time I'm sure you'll enjoy the challenge.

Yes.

FYI: I have withdrawn my bid via PM.

NP, Thanks

Here may be the cause for miscommunication.

Chaang Noi only lists the bids that are still in contention to win the shares.
Vezunchik doesn't see all the bids he has made in the list and feels something went wrong.

Because a lot of other auctioners create a list where all bids are mentioned - and there is a line between the bids that are still in contention and the bids that have dropped off.

In a PM I told him I think he owes me 63 BTC for 150 shares. He is welcome to claim them.

Lame. People shouldn't be pulling out after the fact...

See my post a few pages back and Goat's response. This withdrawal was done in consultation.

payment sent

I don't get the drama about escrow. Hopefully I didn't misjudge as I have already paid anyway, but please tell me what I'm overseeing here (if I did):

Goat can proove he's got the shares and is allowed to auction them (friedcat confirmed).
friedcat is in controle of the shares anyway.

We have proof of our winning bids and payments...so friedcat will surely "transfer" the shares to us anyway?
Escrow actually adds risk: If John gets hit by a bus (please don't ever do!) the coins might really be lost.

Goat has said that friedcat confirmed his ownership of the shares, but I have not seen that quoted anywhere thus far.

I could be wrong but I don't think wachtwoord's problem with the deal was the escrow itself, rather the innocuous way the contract was worded.

Personally I have placed my trust in the reliability and trustworthiness of John to act as escrow agent.

I sent the e-mail to John and he confirmed it in this thread. I did not post it publicly. If it happens that in two months that this is an issue cuz Friedcat is MIA I will give him access to my g-mail account.

Thanks

https://bitcointalk.org/index.php?topic=145333.0

850 more for sale if anyone is interested.

Thanks.

Yes sorry, forgot to include that part.

Confirmed. Thank you.

5975bf9a060c7f481bc352aad15e66c47adfa525a8a6423f7d2192e62891eca4
2013-02-20 21:43:28
My payment. Larger than I have win, but less than 150...

100 shares confirmed for you. Thank you.

I bought 100 shares @0.38 from the "other" thread: https://bitcointalk.org/index.php?topic=145333.0

Johnthedong, would you be willing to provide escrow to me and Goat for the BTC 38 vs. 100 shares of asicminer?

lol, can't edit my post???

made a mistake: I bought 100 @ 0.39 = BTC 39.

Via: https://bitcointalk.org/index.php?topic=99497.msg1546642#msg1546642

Guys, let me send a list to friedcat for this auction as everyone who will paid has paid.

For people who used escrow because of the escrow contract friedcat will have to make it public that he has already transferred the shares to you or I will not a approve the transfer.
for people that did not use escrow I will let friedcat know you are clear but would still ask him if he would post a confirmation in this thread.

Generating list, be right back.

This is the list I will be sending to friedcat. Please let me know if there is a mistake.

(I kinda feel I am leaving someone out but I can't find anyone else?)


100   Vezunchik
50   ThickAsThieves   
125   Aajo
75   gyverlb
150   BlackLilac
100   wisard
25   slix
50   ThickAsThieves
100   HorseRider
100   acayne
50   ghostshirt
100   wisard   
50   betatester   
50   xiangfu
25   server




These are the addresses that prove you have paid to John.


43      43   no escrow   acayne

63      42   1J2CRj1aoiK4jcYCRn5BactqaFWu2KYt9r     Vezunchik

86      85   1MoVBGFPnhQMQV5Y2y1XShMHWi5Sq4bemk   wisard

42.5      42.5   13MYBZkhrRKqJzxjmFbgYBfof8vwbC2vCT   ThickAsThieves

106      106   1AEfEerdoVMgJopJaLM2hyf2ihhq1sQJH7   HorseRider

22.5      22.5   1PwGY2nsRN8VnG2qiYYUN2RFsapWrrio6W   Betatester pm #3

63      63   1EceQNAHZmjtDhUxjfCoaDS5UD1b7TGTE4   BlackLilac

21.5      21.5   1J9ka4nBZEVwshf7QWnYUXsxvjuNSJdn8Z   ghostshirt

31.5      31.5   1PZ1ufMKtRVPeMJY9Rxtz4j1f26wzSjvHQ   gyverlb

52.5      52.5   13eZKUxSBy97ByhHE5JrcADTKVhChPja28   Aajo

25      25   1K7zVAubp491r6i5NcYLn5FZpvMoGexUfe   xiangfu

12.5      12.5   1FH5mBK9chSEjGiKn6DaowJxBC5qjsTRrQ   server

10.75      10.75   1QEnRAw2SYPWxUYZd2RABF8ZXnB5aLh4AR   PM # 4 Slix"

This e-mail was just sent to friedcat. I hope that he will respond in the threads soon.

I will be traveling with my family starting in a few hours and will return Monday night Thailand time. I will have limited Internet but I should be able to come on line from time to time. If there are delays do not get worried.


Thank you.





Hello friedcat,


I know you are a very busy man and I was not going to trouble you with this but you seem to want confirmation of the trades.

I have had two different auctions to sell about 2000 to 2200 of my shares of ASICMiner. The first auction is completed.

This is the list of the results of the first auction.

https://bitcointalk.org/index.php?topic=144574.msg1548245#msg1548245

Once you approve can you please make a post in the thread stating they have been transferred so escrow can be released.



The second auction can be found here. https://bitcointalk.org/index.php?topic=144574.msg1548245#msg1548245

These transaction have been fully paid for and can now receive their shares.

HorseRider with 400 shares
Betatester with 50 shares

The rest wish to use escrow and have not paid the escrow at this time.

If there is anything you need from them, like e-mail or btc address for dividends please feel free to request this sort of information in my thread.

I will update you as soon as more trades are paid for or the escrow is completed


I wish to keep my remaining unsold shares and I am very optimistic in ASICMiner.


Thank you very much for you assistance.

Kind regards -Goat-

Just saw that friedcat confirmed or is about to confirm some transfers of ownership recently for other transactions:

https://bitcointalk.org/index.php?topic=144676.msg1556494#msg1556494
https://bitcointalk.org/index.php?topic=141067.msg1556443#msg1556443

Hopefully we'll have news here soon.

friedcat confirmed to me the transfer of the shares I purchased in this auction, along with another batch of shares I purchased from another seller. I'm certain he will confirm the rest of the trades soon.   :)

I have confirmation from BlackLilac that I can release his escrowed amount to you (63BTC at 1Ece...). Please select the address you want me to release to, and thanks to both parties for the smooth transaction.  :D

This is the final list that was just sent to friedcat. Thanks

Auction #1 https://bitcointalk.org/index.php?topic=144574.0

100   Vezunchik
50   ThickAsThieves   
125   Aajo
75   gyverlb
150   BlackLilac    (escrow released and shares confirmed to have been transfured)
100   wisard
25   slix
50   ThickAsThieves
100   HorseRider
100   acayne
50   ghostshirt
100   wisard   
50   betatester   
50   xiangfu
25   server


Auction #2 https://bitcointalk.org/index.php?topic=145333.40

yamaka        50 shares

vezunchick    250 shares

wisard        100 shares

HorseRider 400 shares

Betatester 50 shares

For the winners of the auction:

Please PM or mail me (fnnirvana@gmail.com) with your forum id, your e-mail address and your Bitcoin address. Thanks.

Do you have any shares that werent sold?

Escrow amount of 63BTC released to Chaang-Noi: http://blockchain.info/tx/a04f4062f3298cb8a3aae9cd87b4b4978820e9d2e7cae4278df7ecab21075c66

Address is from: https://bitcointalk.org/index.php?topic=144574.msg1539634#msg1539634
and:


Thanks for the smooth transaction!

Confirmed! Thanks John.

Everyone else, once you send your info to friedcat and all is well please tell John. I do not want to have to wait 2 months to get the funds:)

Thanks

Yes, but they are not for sale.

Thanks

PS: is that address acceptable for other transactions too? Just to skip the hassle of PM-ing you to confirm which address I should send to as the safe's fairly far away.  ;D

I guess that is fine unless I give notice in the future. This wallet is the least safe but I have it with me. I will change in about 12 hours however assuming I make it off this island!

Thanks

I made a mistake on my list. HorseRider paid for 250 shares in this auction and I only credited him with 100. I will adjust this and message friedcat.

Thank you.

Corrected list.

Auction #1

acayne   100
Vezunchik   100
wisard   200
ThickAsThieves   100
HorseRider   250
Betatester   50
BlackLilac   150
ghostshirt   50
gyverlb   75
Aajo   125
xiangfu   50
server   25
Slix   25
   
   
Auction #2
   
vezunchick   250
betatester   50
horserider   400
wisard   100


Total of 2100 shares.

Friedcat just confirmed via email that he transferred my shares. Thanks Goat and John for a great auction!

Great, I'll be contacting Goat enquire about which address should I use again. If everyone's shares have been confirmed, it would be better if I could release everything in one go.

Same address as before will be fine, Thanks.

Same address is fine but I would rather use 13twB8MBNxbjMDvHrXdyh15T2ZKfsEhz8g

I have asked John to hold onto the coins for 24 hours or so just so we can do this all at once.

Thanks.

I haven't heard from friedcat yet, I assume I'm not the only one and he's still working towards it though. I know he's a busy man.

Friedcat is confirmed via email that he transferred my shares. Thanks Friedcat, Goat and John.

Xiangfu

Confirmed, thanks!

I have received 1 Satoshi per share to my bitcoin address that I had sent to friedcat - as per their test payment.
So I guess this confirms that I have received 300 shares.

I'll send along a tip to John (johnthedong) as soon as the first dividend payments have gone through.

Thank you.

Same here, received 75 satoshis for my 75 shares. Transfer confirmed.

I have also received 100 satoshi to my payment address, correlating with my 100 shares.

Thank you guys for confirming it here:)

0.000001 coming here to the address I gave friedcat.

Betatester

That is 100 shares. 1 satashi for each share as a confirm.

Zero confirmations yet - strange

no hurry though

it is a large and odd transaction and I doubt he paid much of a fee if any at all:)

Don't worry about it, its not like you can spend that .000001 BTC:)

Confirmed. I'll process these in a second.

362.25 or so BTC received from John.

Thanks


Also guys do not forget to tip John for the escrow you requested:)

Whew, that second took a ton of time. Offline Armory is such a PITA sometimes.



Bitcoins sent to: 13twB8MBNxbjMDvHrXdyh15T2ZKfsEhz8g

I've also received the test payment for my shares.

+1

Thanks guys, tip for John :)

Thanks guys for the tips.  :D
I'll process the next batch of escrow releases to Chaang Noi tomorrow morning. (2 so far) Hope that the last of the payments can be done by tomorrow.

Tip sent, thanks!

Thanks, received!

Thank you for the escrow John. Tip sent.

Thanks for the smooth transaction, and the tip!

I received my test transaction + first dividend for my 125 shares today. My 52.5 should be released to Goat. Thanks to both of you.

Can I purchase 10 shares please?

Everyone has confirmed but Vezunchik.

Thanks guys.


Also please remember to tip John if you have not as escrow was not required and he did this as a service.

Talk to friedcat and everyone has the shares but yamaka with 50 shares.

This was my fault (did not send his name to friedcat) and I have contact yamaka and asked for a BTC address to send the dividends to.

All escrow should be released other than yamaka. friedcat says he will move it soon, but it has not been done yet.

Thank you.

Dividend payment sent to "yamaka".

Thanks

I confirm shares transfer.
Escrow may release money to the seller.

Confirmed, thanks. I'll release all escrows in a moment once I get my Armory up and going.

Rest of escrow released:



Bitcoins sent to: 13twB8MBNxbjMDvHrXdyh15T2ZKfsEhz8g


Thank you everyone for the smooth deal!

Confirmed, thank you for the quick, safe and professional escrow.

Thank you all for taking part and best of luck to ASICMiner!