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2461  Economy / Service Announcements / Re: [ANN] Group buy service for Avalon ASICS Chips - 94~ BTC TO GO on: April 22, 2013, 12:53:49 PM
94.15799999BTC left!

Get your spot before everything is sold out!
2462  Bitcoin / Group buys / Re: [Group Buy] Avalon ASICs CHIPS! Using JohnK as Escrow! 600+ / 780 BTC pledged! on: April 22, 2013, 12:51:08 PM
You deserve more than 1% for organizing this massive effort, IMHO.

So let me be one of the other people trying to hurry this order along.

Please up my order to 24.96BTC for 320 chips.

Updated, thanks.

How will this delay, if at all, end delivery?

Will we miss the current manufacturing run?

When do we need to get our BTC in so that we are part of the first run of wafers?

If time is an issue if we all up our orders we can get to 780 today if need be right?


(Currently I am at 20 BTC but I am willing to go 24.96 BTC and go for 320 chips, total with shipping and fees 25.584, if everyone else adds 2% to 5% more to their orders in order to speed this up if necessary.)

If I am not wrong, I don't see a deadline for this. Of course, getting this done will be in the best interests of everyone - that'll certainly speed up deployment and everything.

687.94200001/782.1(before shipping)

94.15799999 left.
2463  Economy / Service Announcements / [ANN] Group buy service for Avalon ASICS Chips - Pledge reached on: April 22, 2013, 05:48:50 AM
Details here: https://bitcointalk.org/index.php?topic=177994.0

Please note that I am only the escrow for this service - ragingazn628 is the operator here.
2464  Economy / Services / Re: TESTERS NEEDED (BTC-escrow Bank) on: April 22, 2013, 05:26:14 AM
Here comes another 'bank'. Lips sealed
2465  Economy / Computer hardware / Re: Ztex 1.15y Quads (FPGA) for sale by the lot of 5+ on: April 22, 2013, 03:53:02 AM
I confirm that I have obtained an escrow request (and issued escrow statement) for OP, scyth3 and rammy2k2.
2466  Economy / Lending / Re: [CLOSED] Something small / short-term... on: April 22, 2013, 03:40:57 AM
First of all, thank you BTC4Amazon for your invaluable help given so far and your offer to help him stay on the right track - you are indeed going out from your line to aid us in this situation.

Yes, your suggestion is correct; however he is not responding to texts/FB messages since last Thursday. I am not in the States now (will be back on August), so I can't really phone him directly. I'm spamming his phone via text regularly though. Can someone drop him a phone call? Also, as per what I posted some time ago, I am not levying any 'late fees' of sort for his extended delay in repaying. He just needs to repay the 3.5BTC and everything is settled fair and square in my books.

2467  Bitcoin / Group buys / Re: [Group Buy] Avalon ASICs CHIPS! Using JohnK as Escrow! 600+ / 780 BTC pledged! on: April 22, 2013, 03:37:20 AM
Hi, I'll 1 BTC
Done.
2468  Bitcoin / Development & Technical Discussion / Re: quantaum computers on: April 22, 2013, 03:09:16 AM
No, not yet another topic on quantum computers and bitcoin... A sticky should be placed at the newbie section covering this topic with its popularity.
2469  Other / Meta / Re: Bitcoin Expert on: April 21, 2013, 06:28:23 PM
I moved this from Meta.
2470  Economy / Service Discussion / Re: BTCJam on: April 21, 2013, 05:25:19 PM
Also, the rating system is here to prevent anonymous people to run with your coins. We also have implemented international arbitration, the defaulters will have their identities disclosed as we get the partnership going.
and when will that happen?
When people stop using BTCJam.

John, do you really think the best thing to do is to use the unverified, informal, anonymous, post count reputation based lending that goes on this forum?

We have a contract signed with them, the loan is considered a default after 120 days late.

The documents will be handed to the authorities and to investors if the award is issued.


I have yet to see an example of what you said happening. Can you point me an example of where you have taken such measures to recover the principle (and the interests involved)?

I see such threads popping up a lot: https://bitcointalk.org/index.php?topic=166974.0

We are finishing the API integration, the legal aspects are solved Smiley. The new agreement is online and all the current loans will be affected.

We are waiting the integration to finish to make the announcement.





Hopefully this will cut down on the scamming rates then. Is judge.me arbitration possible if the defendant plays dumb?
2471  Bitcoin / Group buys / Re: [Group Buy] Avalon ASICs CHIPS! Using JohnK as Escrow! 600+ / 780 BTC pledged! on: April 21, 2013, 05:02:33 PM
Well, in the sheet goodney is listed for 2.028 BTC for 26 chips, so i guess you could just copy paste that Smiley
Edited.


I just sent in 12.168 BTC for 156 chips

BTC sent from: 1PeMQ6epzs9FWynK8ds7tAwJviAi9rLn9G
Transaction ID: c8947dbda88cacba5c8ff815afa518f182194263a4e43fbde5dc80227bbbcc90

Signed the transaction as CoinHoarder

Thanks Smiley

Marked in yellow in the spreadsheet, but please note that an increased amount will be needed to add in the pot later for all related fees.
(Column F -> BTC Needed to send to Escrow (2.1BTC for Avalon shipping not yet added): )
2472  Bitcoin / Group buys / Re: [Group Buy] Avalon ASICs CHIPS! Using JohnK as Escrow! 600+ / 780 BTC pledged! on: April 21, 2013, 04:33:33 PM
Hey, could you update my order so that i would get 26 chips instead of 25.6?
Well, how much BTC would that be? I'm quite away from my calculator for the time being.
2473  Bitcoin / Group buys / Re: [Group Buy] Avalon ASICs CHIPS! Using JohnK as Escrow! 600+ / 780 BTC pledged! on: April 21, 2013, 04:26:12 PM
I had put in for BTC1 in  a post on Friday, but I'm still not seeing me on the list. Also, I'd like to bump the amount up to 13 chips' worth...based on what others have posted, that would be BTC1.014.
You're already in his list since that time. I've updated your amount.

Check -> https://docs.google.com/spreadsheet/ccc?key=0Ah5wT_NTrV00dFhHY2NoOXpvSnVMbDVWUmFaSTVjTmc#gid=0
2474  Economy / Service Discussion / Re: BTCJam on: April 21, 2013, 04:21:28 PM
Also, the rating system is here to prevent anonymous people to run with your coins. We also have implemented international arbitration, the defaulters will have their identities disclosed as we get the partnership going.
and when will that happen?
When people stop using BTCJam.

John, do you really think the best thing to do is to use the unverified, informal, anonymous, post count reputation based lending that goes on this forum?

We have a contract signed with them, the loan is considered a default after 120 days late.

The documents will be handed to the authorities and to investors if the award is issued.

I have yet to see an example of what you said happening. Can you point me an example of where you have taken such measures to recover the principle (and the interests involved)?

I see such threads popping up a lot: https://bitcointalk.org/index.php?topic=166974.0
2475  Other / Beginners & Help / Re: Newbie about BTC lendig on: April 21, 2013, 03:46:28 PM
Well I meant 19% a month.. but I do understand how unlikely it is I will recieve a loan.. It is just that CC/Bank loans will take too long for me to recieve and are tough for me to get, I have no credit card open for cash advance and loan will take too long. I would need within the next few days and since I am now very into the BTC economy I figured it my best option. I have even opened an account on BTCjam however I am a brand new user so it is unlikely I will get funding off the bat and if so itd take too long. So I figured those with big BTC must be around on here to invest.. The other benefit I would provide would be a garuntee minumum of the dollar amount of 10 btc at current rate, if rate lowers over the 12 months I will still pay to current rate. However if rate rises I will still pay to 10 btc minumum plus 19% a month.. Which means giving loan now will not take away from investment of holding btc. Another offer would be a 400 dollar lump sum at end of payment cycle or 150 lump sum at beginning and 150 lump sum at end of repayment cycle.. Reason being is due to the fact that this is the btc market not a bank loan or CC.. The expenses over the course of 12 months are no problem for me to pay, I just need an investor with 10 BTC for within the next couple days
How would the investor make you pay up if you just ignore him? It's not like the banks who can destroy your credit ratings or repossess your stuff.

This would be where I would need to get creative to figure out some type of collateral / third party / something to give investor peace of mind.

for deadweasel.. I see how you say nothing could be less profitable but this is why I offer the lump sum and current rate garunteed minumum repay
How does the 'garunteed' part come in? I've a small 3.5BTC loan with a quite trusted member here (with OTC rep, ID, FB and stuff) that he has delayed repaying for almost 1 month now. I'm quite disillusioned by collateral-less loaning now.



The 'garuntee' I refer to is payback at current rate of BTC price.. so if BTC price goes down I pay to current rate but if BTC goes up I ay to that BTC rate.. as for collateral.. how much ASICMiner share etc for 10btc... also I would over increase interest/ late charge if I were late on any months payment

That's worthless. Most people I know will lend BTC for BTC (if BTC goes up/down the same amount of BTC is repaid) if it was backed by something. An example share collateral I would do is: 100 ASICMiner shares are transferred to me, and I transfer around 90BTC to you. I reserve the means of liquidating the shares if the mean share/BTC falls to around 0.95 each unless the difference is repaid to me within 24hours. If you default I possess the shares. It's that easy - most legit lenders agree to such arrangements. If the lender does not have an equivalent collateral he probably shouldn't be getting a loan anyway as he most probably won't have the means to repay it.

I see what you mean, but the loan I need is only 10BTC , so are there any other suggestions of collateral? I mean, I would be willing to figure out even some means to tie my Bank Account number + Routing to something for lenders peace of mind, knowing that if it is not repayed by end of payment cycle they have means for direct pulling.. now I would need a trusted lender for that and ifpullling starts appening early or of a greater amount then specified I would take legal action but otherwise with trusted lender account could be set up to directly pull fund if not payed by payment cycle.. and then after full repay removing direct deposit
I can throw you the loan in a jiffy if you can drop me 11 shares of AM through one of the passthroughs. No need worrying that I won't return you the shares after you settle the debt - I hold much more than that daily for my escrow service.

Hmm ... your suggestion would be quite troublesome for this amount, not to mention that the lawyer fees to set this up (I assume) will blow the loan away.
2476  Other / Beginners & Help / Re: Newbie about BTC lendig on: April 21, 2013, 03:38:23 PM
Try to listing at the btcjam.com, hope you will find someone who interesting for the invesment.
Good luck ...  Wink



By the way, I absolutely do not recommend investing on BTCJam unless you're experienced and willing to soak up the losses. I've never loaned on there before, but based on multiple reviews many 'loaning' offers there turn out to be scams.
2477  Other / Beginners & Help / Re: Newbie about BTC lendig on: April 21, 2013, 03:34:24 PM
Well I meant 19% a month.. but I do understand how unlikely it is I will recieve a loan.. It is just that CC/Bank loans will take too long for me to recieve and are tough for me to get, I have no credit card open for cash advance and loan will take too long. I would need within the next few days and since I am now very into the BTC economy I figured it my best option. I have even opened an account on BTCjam however I am a brand new user so it is unlikely I will get funding off the bat and if so itd take too long. So I figured those with big BTC must be around on here to invest.. The other benefit I would provide would be a garuntee minumum of the dollar amount of 10 btc at current rate, if rate lowers over the 12 months I will still pay to current rate. However if rate rises I will still pay to 10 btc minumum plus 19% a month.. Which means giving loan now will not take away from investment of holding btc. Another offer would be a 400 dollar lump sum at end of payment cycle or 150 lump sum at beginning and 150 lump sum at end of repayment cycle.. Reason being is due to the fact that this is the btc market not a bank loan or CC.. The expenses over the course of 12 months are no problem for me to pay, I just need an investor with 10 BTC for within the next couple days
How would the investor make you pay up if you just ignore him? It's not like the banks who can destroy your credit ratings or repossess your stuff.

This would be where I would need to get creative to figure out some type of collateral / third party / something to give investor peace of mind.

for deadweasel.. I see how you say nothing could be less profitable but this is why I offer the lump sum and current rate garunteed minumum repay
How does the 'garunteed' part come in? I've a small 3.5BTC loan with a quite trusted member here (with OTC rep, ID, FB and stuff) that he has delayed repaying for almost 1 month now. I'm quite disillusioned by collateral-less loaning now.



The 'garuntee' I refer to is payback at current rate of BTC price.. so if BTC price goes down I pay to current rate but if BTC goes up I ay to that BTC rate.. as for collateral.. how much ASICMiner share etc for 10btc... also I would over increase interest/ late charge if I were late on any months payment

That's worthless. Most people I know will lend BTC for BTC (if BTC goes up/down the same amount of BTC is repaid) if it was backed by something. An example share collateral I would do is: 100 ASICMiner shares are transferred to me, and I transfer around 90BTC to you. I reserve the means of liquidating the shares if the mean share/BTC falls to around 0.95 each unless the difference is repaid to me within 24hours. If you default I possess the shares. It's that easy - most legit lenders agree to such arrangements. If the lender does not have an equivalent collateral he probably shouldn't be getting a loan anyway as he most probably won't have the means to repay it.
2478  Other / Beginners & Help / Re: Newbie about BTC lendig on: April 21, 2013, 03:22:24 PM
Well I meant 19% a month.. but I do understand how unlikely it is I will recieve a loan.. It is just that CC/Bank loans will take too long for me to recieve and are tough for me to get, I have no credit card open for cash advance and loan will take too long. I would need within the next few days and since I am now very into the BTC economy I figured it my best option. I have even opened an account on BTCjam however I am a brand new user so it is unlikely I will get funding off the bat and if so itd take too long. So I figured those with big BTC must be around on here to invest.. The other benefit I would provide would be a garuntee minumum of the dollar amount of 10 btc at current rate, if rate lowers over the 12 months I will still pay to current rate. However if rate rises I will still pay to 10 btc minumum plus 19% a month.. Which means giving loan now will not take away from investment of holding btc. Another offer would be a 400 dollar lump sum at end of payment cycle or 150 lump sum at beginning and 150 lump sum at end of repayment cycle.. Reason being is due to the fact that this is the btc market not a bank loan or CC.. The expenses over the course of 12 months are no problem for me to pay, I just need an investor with 10 BTC for within the next couple days
How would the investor make you pay up if you just ignore him? It's not like the banks who can destroy your credit ratings or repossess your stuff.

This would be where I would need to get creative to figure out some type of collateral / third party / something to give investor peace of mind.

for deadweasel.. I see how you say nothing could be less profitable but this is why I offer the lump sum and current rate garunteed minumum repay
How does the 'garunteed' part come in? I've a small 3.5BTC loan with a quite trusted member here (with OTC rep, ID, FB and stuff) that he has delayed repaying for almost 1 month now. I'm quite disillusioned by collateral-less loaning now.
2479  Other / Beginners & Help / Re: Newbie about BTC lendig on: April 21, 2013, 03:20:13 PM
For reference, a ~BTC10 equivalent personal loan from my bank for 12 months would be charged at 29.9% APR, and bear in mind they know where I live, how much I earn and (more importantly for them) they have the legal resources to chase up their repayments.

10% less for a more risky venture doesn't sound very appealing.

I see that my original post has been a bit confusing.. I hope my later post makes more sense as far as interest ate and additional charges fr it bein a BTC loan..

As for security measures, all my information will be given, along with any creative way to maintain security even after loan cycle.. in other words loop hole to the fact a regular bank loan would have legal resources to chase up their repaymets.. a loop hole in which I would provide collateral means to provide resources for investor to chase up investment IF I were not able to pay.. For peace of mind
If you have tangible collateral like ASICMiner shares /Liberty reserve funds to back your loan up, most would be interested. For the record, I am willing to lend up to 500BTC for the time being in exchange for 120% of equivalent ASICMiner shares. (and have given around 100BTC worth so far)
2480  Other / Politics & Society / Re: Weird news from 50 years ago today on: April 21, 2013, 03:17:32 PM
Inb4 it is revealed that the other man is his wife.
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