Bitcoin Forum

(copying the format from Goat. Thx Goat)
 
50 direct ASICMINER shares.

Starting price:   4.5 BTC each
Increment:   0.1 BTC
Minimal bid quantity:   10 shares
End date: Sunday the 28th July 0:00 AM

Last dividend payment Tx:
https://blockchain.info/tx/184042b1c3d0532c0969d5b11f2b70e85440541f702801c5a7bc2652561030d3 (https://blockchain.info/tx/184042b1c3d0532c0969d5b11f2b70e85440541f702801c5a7bc2652561030d3)
message: I, conspirosphere.tk on bitcointalk with div address 1MFjaqcbxNnkoih7QhM8DG2aQPKFWMd8sm ,am willing to sell 50 direct asicminer shares.
Signature: HF6kUByGsom0h1WHSoGdwuygDgKd3MUNNgm4Oc/8sJ6UixtWAwRVon3cUNjXcSDH7oqoRuJYWTWc9h4fEJ0doVE=

Rules:

Bids are binding.  Don't bid unless you intend on following through with the purchase.

Another bid by the same bidder will replace his previous bid unless stated otherwise.

Payment is required within 48 hours after winners are provided a payment address.

Winners will send the payment then pm me their email address and desired bitcoin address to receive the weekly dividends.  This information will be forwarded to friedcat promptly in the form of a share transfer email and forum PM.
   
Please post all bids in this thread, no PMs
   
If there is any dispute about anything we will ask John K (The forum mod) his thoughts and go with that.
Escrow possible at your own cost, provided that we agree about it in advance.

Timer removed. End time: 2013-07-28UTC

forgot the address of the div payment: 1MFjaqcbxNnkoih7QhM8DG2aQPKFWMd8sm

NP!   ;D


(also free bump!)

50 @ 4.5

There is a reason you can't edit posts here....

Changing auction terms is just... Bad. No matter how bold/large font you go.

I have to agree.... you cant just up yhe start price during yout auction....

Is definitely bad and forbidden doing it after someone agreed on a previous offer.

But since nobody made a bid before my price change, I don't see any problem. And if anyone made a bid before the change at my previous price I would have kept it as valid.

Anyway the late bidder @4.5 will be accepted in case of lack of higher bids.

doesnt matter...

If you want option to change terms, use the goods section.

Should have just locked the thread and made a new one.

NP. I already accepted the bid @4.5
Anyone offers more?

10@4.6

ok, but we're still a bit on the low-ball side. Check: https://btct.co/security/ASICMINER-PT (https://btct.co/security/ASICMINER-PT)
Guys: there are direct shares, so they are worth more than a pass-trough.

Why?

because:
1. Lower risk due to less intermediaries that can default on you
2. No fees and full payment
3. [insert here further reasons]

each have there negatives.... direct shares being that it can take upto a week for friedcat to process the transfer, so really it is a bit of a blind gamble into the market, but in the long run they are more secure to hold.

for day trading the PT win.... for holding the direct shares are better, to say one is more valuable than the other really depends on the type of buyer

I would bet upper.
You are right about the time horizon: direct shares are not for day traders.
But I don't think that there is anything better to invest BTC in for the medium to long term

Then why sell?   ;D

because I need some cash soon.
But as you can see these are only 20% of my ASICMINER shares

I was just kidding. And yeah, well all need that cash :(

I offer to buy all 50 direct ASICMINER shares @ 4.6 BTC, on the condition the payment is put in escrow with John K (at my expense as per the auction conditions) until the shares are successfully transferred.

Hi what kind of payout do the shares give per share?


Thanks

John K as escrow is fine.

yesterday's weekly payment has been 0.02405901 per share

https://bitcointalk.org/index.php?topic=99497.msg2796299#msg2796299 (https://bitcointalk.org/index.php?topic=99497.msg2796299#msg2796299)

Thanks, can I assume that my offer currently overrides plastyc's previous offer of 10@4.6?

...but my responsibility and control end in asking to friedcat to perform the share transfer, so the escrow should be released with my proof of having done that (CCing my PM to Friedcat to John K). Even because otherwise the buyer could try to falsely negate to have received his shares and then John K would have to investigate following the share payments. But I am open to suggestions on this by John K or maybe even Goat.

no: when 2 offers are equal: first come, first served

My standard escrow procedure for AM shares would be the release of funds after friedcat confirms the transfers directly via PM to me, or that the buyer confirms that he has got the PM from friedcat. The reason why would be to deter people 'overselling' shares as I've meet quite a few of them lately. Friedcat will always give a confirmation (and CC me) if you ask him to do so.

That's perfectly fine for me. Thanks

It is a bit of a tricky situation, however my Bitcoin transaction is irreversible, I think John needs an assurance/notification from friedcat the shares have been (or at least are in the process of being) signed over. I will definitely notify John when friedcat emails me notification of the share transfer. Even better though would be if friedcat could cc john the notification I receive, I'd be happy with the funds being released then. If it is possible for friedcat to cc John then that should lessen the risk for both of us. If friedcat does not notify anyone regarding confirmation and no dividends have arrived in the address I nominate, then the escrow should be cancelled.


Understood, if friedcat can cc John the notification email I receive when the shares are transferred I offer to buy 50 shares @ 4.7BTC.

Just saw John's response, took the words out of my mouth :),

so, 50 @ 4.7 BTC?

OK: 50 @ 4.7 BTC is now the highest bid for this auction.
The escrow by John K with his standard procedure is OK.

Timer removed. End time: 2013-07-28UTC

bump.
Last chance to make up your mind in 3 hours, 17 minutes.

Since time is up I assume I am the last successful bidder.

According to our agreement I will Notify John to prepare for escrow payment.

Escrow finalised and successful.

Thanks to SimonL and John K for the fast and smooth transaction
 :)