Bitcoin Forum

Hi all. Eesti Investeerimishobe OU ("Estonian Investment Silver Corp."), incorporated in Tallinn, Estonia 2009, seeks to offer European bitcoin users an unparalleled experience when shopping for precious metals. By this we mean that you can buy cheaper than from others and also less hassle. We respect all fine businesses out there, but intend to be the cheapest in Europe.

Starting special: auctioning away 50 x Silver Canada Maple Leaf 1 oz Coins in Mint Tubes.


Terms:
1. The auction runs 24 hours from the timestamp of this post OR 10 minutes after the highest bid has been posted, whichever is later.

2. The winning bid must pay in 1 hour from my announcement that he has the winning bid. If this does not happen, the bid is forfeited and a scammer tag would be appropriate. Bid only if you have the intention and the means to pay. Our Bitcoin address is:
15dYsxEh5bNnFXE26au5jjTHk8BcrozuZy

3. Insured shipping in EU is included in the price. You must provide a valid name and address for us to deliver. We kindly ask you to allow up to 2 weeks for shipping. We notify you once we have shipped and give the tracking number.

4. Bids for the whole lot ONLY. The minimum bid is BTC30. The new bid must raise the previous one by at least BTC.1

5. Finally, the special. There is an invisible hand that helps you in bidding. Per every hour that there is left until the deadline when you post your bid, you can credit BTC.1 towards the bid. Example: If you read this right after my post and decide to bid the minimum, your bid will be counted as BTC32.4 towards winning, but you only need to pay BTC30 if you win, and that INCLUDES shipping.

6. I reserve the right to make clarifications to the terms and conditions upon need or request.

7. The bids are placed in BTC only and the fiat currency exchange rate does not matter squat. Even if BTC goes to zero we must deliver. If it goes to $10000000000000000000000000000000000000000000000000000000000000000 you must pay.

Happy bidding!  ;)

Scammer tag for not paying within 1 hour is inappropriate.  Nobody can watch this thing 24h/day.

You understand, when you bid for an auction that ends in 24 hours, your bid is in excess of € 1000, and the ending is a certain time that you know previously and accept when you bid, between 9p.m.-10p.m. Wednesday evening to be precise, it is entirely reasonable that you can remember to check if you have the winning bid, and make good of your promise to pay.

What exactly qualifies for a scammer tag in your humble opinion? :)

This is worse than my offer.

Please, for pete's sake what is wrong with you?? :(

I am selling silver delivery included for at least 20% cheaper than you can find anywhere in the EU considering any payment methods etc.

Care to elaborate how I can buy this amount of coins from you for cheaper?! I will gladly do it if you mean business! It is below spot and I can directly throw them to smelter and realize a profit from such a deal, or use them in this thread.

Yay, we all live within the same timezone  ::)

Make it 24h and with escrow.

Hi, thank you for interest. This deal does NOT include escrow. The seller is a dedicated Precious Metals Dealer Corporation since 2009 with millions of Euro in sales. Bitcoins first, metal second. That is the way it happens in the real world.

I see in the "Coinabul deserves a scammer tag" thread that for some reason the bitcoin community is full of scammers. I have only participated in this forum for a few months and I am perplexed by this fact. I think it is the greatest single danger to the future of Bitcoin. I also proposed that people cool down and give Coinabul 14 days for reply. However they did not reply my email, and actually they should have, considering that I want to help them make good of the situation, and I have more than 7 years of full time experience in this field.

What do you mean by "make it 24h"?

This is the thread I was talking about, and following with sadness:

https://bitcointalk.org/index.php?topic=149253.160 (https://bitcointalk.org/index.php?topic=149253.160)

Give Coinabul 14 days?
There's another guy who's been waiting to get his BTC back for a month:
http://bravenec.eu/coinabul/

You wanted the winner to send you the coins withing 1h which is funny considering there people from all over the world, in different timezones. By 24h I meant to say give the highest bidder 24h to send the BTC.
Moreover you do not seem to be a very established user on this forum with an account registered only a few months ago and with a low post count. Considering that a quite old (by Bitcoin standards) BTC business Coinabul had a history of defrauding at least a few customers (and only a few have revealed themselves so far) I find the notion of using an escrow for this transaction quite reasonable. Some reputable forum members will even do it for free.

I am sorry I did not realize that even though I expressly stated that delivery is only in EU, which is practically 1 timezone, the bidders may still be on vacation eg. in Thailand!! I carefully selected the most possible time for everyone to check the status of their bid, ie. at about 9pm.

Okay I can give 24 hours. I will update the OP accordingly.

You are right my post count is rather low. The reason is that I do work, and I only try to write posts with value and insight. I find it rather funny that solely by signing up on this forum, my credibility is reduced to so low that the established PM dealership that I 100% own with my wife, needs to start using escrow which has never before been required or even suggested, in the years of operation and several million euro of sales. I only follow what the more wise have set before me: cash first, metal second. It will be a momentous occasion if BTC users can reverse this age-old pecking order. The more practical reason is that I need the cash to replenish my stock. Otherwise I would be compromised if the market rates change.

So, no escrow. Sorry. PM me if you think you have found an escrow solution for this kind of business that takes into account the situation of a professional dealer. Please tell me what kind of escrow do the other businesses use and how they have tackled the problem of inventory replenishment.

Below is the email I sent to Coinabul:

-----
8.3.2013 8.57 to: contact@coinabul.com subject: "Urgent: you are being bashed in Bitcointalk Scam Accusations"
-----
"
https://bitcointalk.org/index.php?topic=149253.0

Take this as a friendly reminder from a colleague. This should be settled quickly. I don't know what you're thinking in not reshipping the silver in question (oh yes I know, the customer is an ass and that pisses you off) but as the matter is now highly public, a full restitution seems for me the right thing to do considering the future of your business, REGARDLESS of what actually happened.

I have proposed that they give you until March 18. to respond but sooner the better.

Best regards,

Risto Pietilä

Owner & Operator of the following PM dealerships/markets since 2006,
Hopea.fi
Eesti Investeerimishobe OU
Silverbank(.net)

"

No, you have not stated before that delivery is only in EU but that shipping in EU is included in the price. This does not exlude the possibility of shipping to other countries.
And we have 3 timezones in EU.

As for the escrow I understand how it may be problematic for you but you need to understand that on this forum we had HUGE amount of reputable forum members turn into scammers and running away with thousands of dollars, I myself have lost $200 to one of them with no chance of getting the money back. You might want to have a look at this thread: https://bitcointalk.org/index.php?topic=83794.0

I am currently writing the OP for a new thread concerning this matter. OK, whatever. Let's use escrow then. Please post the details here so that I can review and accept them. I really really want to serve this community and give away this silver below cost, that is my honest intention and therefore I submit. The silver is not even the only thing I want to build here...

And rules clarification: shipping in EU ONLY, and that is included. I see that other companies that (I hope from the bottom of my heart) try to be trustworthy, are being suspected of scamming due to shipping problems. I can't take the risk.

31

Thank you, it is heartwarming to see that somebody will want to adopt these poor coins, even though the price is still below melt value!  :D

Other bidders please read the OP carefully. There is an invisible hand helping you with the bid, and it adds BTC.1 to your bid per every hour of auction left when you post a bid. Because there is about 8:26 hours left, this bid will be evaluated at BTC31.843.

Happy bidding continues! I will not have the opportunity to confirm every bid manually, luckily I don't have to!

Corporate website and official mention of this offer in there?

googling for "Eesti Investeerimishobe" turns up 2 results: this thread and a seemingly unrelated page about silver investing.

Do you have a web-page?

No, sorry. Eesti Investeerimishobe does not have a web page. The trust-link currently is the following:
https://www.silverbank.net/index.php/en/meista/our-company

Silverbank is not related to this offer, but it will verify that I am doing silver business. My photo is showing in this page (if you refresh often enough ;)

Sorry, there's have been so many scams here that you need to ask silverbank to promote some how this auction in their webpage or blog, or no cigar. No one is gonna send you BTC without escrow only based on claims that you will deliver.

See below:
https://www.silverbank.net/index.php/en/meista/our-company

The whole issue can be discussed here:
https://bitcointalk.org/index.php?topic=152456.0

TL,DR: I find it stupid that "no one is going to trust you without X", and would like to import my existing trust and business history to the forum. The https://bitcointalk.org/index.php?topic=152456.0 discusses the topic in a general way.

Can't you see how stupid this is?  ???

The thread is 19 posts long and only a single bid in the auction so far. I am considering giving up. Yes, you can scam each other as much as you want, I thought I would like to be a part of this community, but it is too much of a burden for a normal person to play this hide-and-seek. If anyone cares, the silver is now selling at about spot price, 20% cheaper than any dealer in the EU.

By the way, the escrow was added. I am fine with John K.

as much as i hate agreeing with that MPEX-Lady, you might wanna build up some credentials in the community.
180 posts, eastern yurop, loads of supposedly cheap silver - you cant blame anyone for at least being cautious, to say the least.

are you on bitcoin-otc?

whothefuck lady? Isn't it Mircea himself? Should I also employ a chick posting for me if I am too busy to care?-)

yeah, it's his PR.... employee.

I can understand your concerns and I posted repeatedly in the "trust noone" thread that it's important to trust people and fuck it, people should just trust people, otherwise what kind of world would that be?

However you need to understand there have been a lot of abuses of trust on these forums. This is due to the nature of the money we use as you will surely understand. With other forms of payment you usually have either chargeback capability or identifying information of the payment receiver. This is why you "cash first, it's like it has always been in the metal business" doesn't quite apply.

Thanks for offering use of escrow. It's a rather easy way to make things possible (apart from building trust yourself here and/or on #bitcoin-otc). I'll have to find out who "John K." is, though.

That's our forum Moderator, Johnthedon(n)g, silly!  ;D

I recently changed my name to remove the dong reference.  :P

Well, I decided I would trust him. https://bitcointalk.org/index.php?topic=151800.msg1620059#msg1620059
Like they use to say: he scratched my back, I scratched his.
He has to start somewhere. We all had. And we were all strangers the day we arrived in here.

The sole bidder won the auction! Congratulations. You can choose to pay to my blockchain address (OP) or escrow with John.

Please PM me your name and address.

escrow = i pay john, i get the stuff, he releases the coinz?

Yeah.

PM'd John.
Send me an invoice as for the exact amount, please.

BTC31.00000000 incl. shipping to continental EU. VAT=0%

The paper invoice is included in the shipment.

Replied via PM and sent my escrow contract with the address within to both of you.

paid to John K. escrow:

https://blockchain.info/de/address/1Mbq2FtPU6ntEVuhXZGy1T9E4hpYnke3QQ

Yep, confirmed via PM too.

Sent to you the coins:
-removed due to privacy concerns-

https://veeb.post.ee/eplisweb/main

The full tracking number is still in the reply above that one.
You can edit or delete your own posts, rpietila. ;)

Although not in the auctions subforum. How ashamed of unprofessional behavior I am.. :-[ Luckily the buyer is a company and therefore rather public, so I hope this did not cause too much damage. I am still learning...

Oh, forgot about the auctions sub-forum not allowing editing/removing posts, ;D

No worries, everybody is allowed to commit mistakes. How you fix them is what's important, and so far you're doing great ;)

I've removed the number, so no worries.