Bitcoin Forum

Economy => Currency exchange => Topic started by: jakedeez on February 25, 2014, 04:42:12 PM



Title: WTB: Up to 1,000 GOX BTC
Post by: jakedeez on February 25, 2014, 04:42:12 PM
Willing to pay 7.5% of highest exchange rate (coinbase, stamp, btc-e) via escrow. The escrow would only be contingent on verification of the account holdings and transfer, not based on the ability to withdraw or gox being able to pay back the coins.  All that would have to happen is that the site would come back up and transfer the coins.  I would pay all escrow fees. 

I realize this is a pretty low rate, but, its my offer.  Anyone interested?



Title: Re: WTB: Up to 1,000 GOX BTC
Post by: riekinho on February 25, 2014, 04:50:24 PM
How exactly can you buy if the site is down?

How do you know someone transferred you  the coins?


Title: Re: WTB: Up to 1,000 GOX BTC
Post by: Tomatocage on February 25, 2014, 04:50:58 PM
I'd say 7.5% is actually way too high.


Title: Re: WTB: Up to 1,000 GOX BTC
Post by: jakedeez on February 25, 2014, 04:51:31 PM
How exactly can you buy if the site is down?

How do you know someone transferred you  the coins?

The coins would go into escrow until the site came up and we could verify the coins.


I'd say 7.5% is actually way too high.

Have any to sell.  :P


Title: Re: WTB: Up to 1,000 GOX BTC
Post by: riekinho on February 25, 2014, 05:28:57 PM
Quote
  The coins would go into escrow until the site came up and we could verify the coins. 

What coins? Your free BTC or mtGox BTC?


Title: Re: WTB: Up to 1,000 GOX BTC
Post by: jakedeez on February 25, 2014, 05:44:44 PM
Quote
  The coins would go into escrow until the site came up and we could verify the coins. 

What coins? Your free BTC or mtGox BTC?

The Gox Coins.  I am not going to pay for the coins if Gox never comes back up.  The point is, I imagine that there will be a large haircut on whatever coins are held there... I don't believe they lost 750k coins though, so I would be willing to bet the haircut will be less then 92.5%. 


Title: Re: WTB: Up to 1,000 GOX BTC
Post by: BasedForLife on February 25, 2014, 05:59:48 PM
How much are you able to provide for 1.5 mtgXO?


Title: Re: WTB: Up to 1,000 GOX BTC
Post by: riekinho on February 25, 2014, 06:32:31 PM
I understand your gamble, but how can one who has mtgox coins put them in escrow if he cant acccess them.
Are you suggesting somebody should put viable btc in escrow for the possibility of later exchanging one gox coin for 0.075 real btc?

At that price they might as well ride out gox demise and if it ever comes back great, if not salvaging 7.5% of ones funds doesnt seem like a bigndeal.


Title: Re: WTB: Up to 1,000 GOX BTC
Post by: Tomatocage on February 25, 2014, 06:39:58 PM
I don't think this is mechanically feasible at this point.


Title: Re: WTB: Up to 1,000 GOX BTC
Post by: eximo on February 25, 2014, 06:44:01 PM
I am a bit confused on how this works.  Is there a timeframe on the escrow?  say 1 week/ 1 month / 1 year from now mtgox.com still blank and no one can login let alone transfer anything what happens to your proposed trade?


Title: Re: WTB: Up to 1,000 GOX BTC
Post by: jakedeez on February 25, 2014, 07:08:27 PM
Sorry for the misunderstanding.

I will put MY free coins in escrow, to be released as soon as they can be transferred to me WITHIN mtgox...


Title: Re: WTB: Up to 1,000 GOX BTC
Post by: M-S-K on February 25, 2014, 08:24:15 PM
Whatever you do, do not deal with:

BasedForLife = BitLegit = Bitcoinforum = Flyaaa = DaonenonlyG , he got about 30 more. Going to jail soon. Big time scammer


Title: Re: WTB: Up to 1,000 GOX BTC
Post by: riekinho on February 25, 2014, 10:03:12 PM
Quote
Going to jail soon.

Would really like to know if such a threat would actually happen?


Title: Re: WTB: Up to 1,000 GOX BTC
Post by: Tomatocage on February 25, 2014, 10:50:36 PM
Whatever you do, do not deal with:

BasedForLife = BitLegit = Bitcoinforum = Flyaaa = DaonenonlyG , he got about 30 more. Going to jail soon. Big time scammer

Proof?


Title: Re: WTB: Up to 1,000 GOX BTC
Post by: CrashX on February 25, 2014, 10:52:35 PM
Whatever you do, do not deal with:

BasedForLife = BitLegit = Bitcoinforum = Flyaaa = DaonenonlyG , he got about 30 more. Going to jail soon. Big time scammer

Proof?

I requested proof for BaseForLife as a scammer, so I could neg his ass.


Title: Re: WTB: Up to 1,000 GOX BTC
Post by: koshgel on February 25, 2014, 11:03:07 PM
Are you insane dude or just in denial? There was a joint statement saying gox was insolvent

What the fuck is wrong with people?


Title: Re: WTB: Up to 1,000 GOX BTC
Post by: BasedForLife on February 25, 2014, 11:18:43 PM
Whatever you do, do not deal with:

BasedForLife = BitLegit = Bitcoinforum = Flyaaa = DaonenonlyG , he got about 30 more. Going to jail soon. Big time scammer

Proof?

I requested proof for BaseForLife as a scammer, so I could neg his ass.
I'm not a scammer, get your proof, and show me it. then you can go about neg trusting.


Title: Re: WTB: Up to 1,000 GOX BTC
Post by: CrashX on February 26, 2014, 12:23:50 AM
Whatever you do, do not deal with:

BasedForLife = BitLegit = Bitcoinforum = Flyaaa = DaonenonlyG , he got about 30 more. Going to jail soon. Big time scammer

Proof?

I requested proof for BaseForLife as a scammer, so I could neg his ass.
I'm not a scammer, get your proof, and show me it. then you can go about neg trusting.

I still haven't received proof from MSK, I haven't NEG you yet. I wont until I get valid proof.


Title: Re: WTB: Up to 1,000 GOX BTC
Post by: gogodr on February 26, 2014, 12:41:03 AM
If you are going to wait for the GOX coin holder to actually be able to retrieve his coins from GOX and trade then with you then why would anyone do that?
I mean if someone is able to retrieve his coinds from GOX then they are just plain good coins, why trade them with you for 7.5% their value? it makes no sense.

This can only be appealing if what you are offering is the risk. Say I have 50 BTC in GOX but I can't retrieve them. Say that I think I won't be able to retrieve them and you offer is to buy my gox account for a certain amount of BTC, then that's somewhat attractive.


Title: Re: WTB: Up to 1,000 GOX BTC
Post by: davout on February 26, 2014, 12:43:06 AM
I am not going to pay for the coins if Gox never comes back up.

bwhahaha


Title: Re: WTB: Up to 1,000 GOX BTC
Post by: eXSn on February 26, 2014, 04:58:43 AM
Not taking insolvency risk?

I'd pay 10% for those 1,000 :P


Title: Re: WTB: Up to 1,000 GOX BTC
Post by: jakedeez on February 27, 2014, 02:12:58 PM
Not taking insolvency risk?

I'd pay 10% for those 1,000 :P

I didn't say I was doing anyone any favors... and I am willing it release the escrow as soon as the gox coins can be transferred WITHIN gox, not out of it...

Jake


Title: Re: WTB: Up to 1,000 GOX BTC
Post by: OceanWhispers on February 28, 2014, 03:29:00 AM
Are you insane dude or just in denial? There was a joint statement saying gox was insolvent

What the fuck is wrong with people?

ROFL my thoughts exactly