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?

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.

what?

so if your so cool calm and collected then how would you feel if the shoe was on the other foot? tell you what you pay me what Bitinstant owes me and we will call it a day genious. Im aware of the support thread. I want my money!!!

BITINSTANT LIED!!!!!! THEY SAID THAT THE MONEY WOULD BE RETURNED BY SIX PM YESTURDAY...THEY HAVE BEEN SAYING THIS SINCE FRIDAY.

This is getting to become an instance where the authorities need to be called in. IM CALLING THE SEC AND LAUNCHING AN INVESTIGATION

THIS BETTER GET RESOLVED BY 9AM FEB 19th

This is there statement:


Good Morning All!

Essentially on Friday BitInstant, Coinapult, MtGox, BTCe, and possibly others (unconfirmed reports of Ozcoin) were attacked.

This attack was not just a DOS attack, rather the hacker attempted to change passwords, API keys, and generally fuck up our whole system.

Not only this, but it caused major issues and code breaks in the API used for BitInstant to talk to its partner exchanges where we buy BTC as soon as your deposit is made.

All funds are safe, nothing was lost.

We immediately took BTCe offline, Bitcoin-Address, and Bitcoin-to-email as well.

Now, BTCe is back online and has been since Saturday.

We've been awake the past few days 24 hours and looking to have Bitcoin-Address, and Bitcoin-to-email back tonight EST.

All orders that were delayed will have their fees fully refunded as well as BTC prices honored as early back as Friday when your deposit was made.

I want to take this time and thank my super devoted team of developers and customer support. They have not slept all weekend, making sure everyone's emails, chats, and calls have been answered within minutes.

Thanks for your continuing business and support

Charlie


as of now, NOTHING IS RESOLVED

Thanks John,

I got Graet also available and will settle the terms and conditions with the buyers in PM and post them here.


One general thing to you John: you are proposing to PGP sign all relevant documents, what about bitcoin address signing? Would this be equally reliable and / or accepted? I'm asking because PGP signing requires at least to install additional tools, while address signing is supported by most Bitcoin clients and available out-of-the-box.

$54 paypal can anyone help me out? Ive already been scammed I will be more cautious now and trade with reputable users!
Thanks!

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.

Package arrived today. Cards all work perfectly and are in great condition. +1 to KWH for a great transaction.

I request the escrow payment be released to KWH.

I'll be sending John a tip for his escrow services once I get to my BTC wallet.

Next steps
First thing: go to bed , it was an exhausting auction and getting late

I'll contact some potential escrows and get their confirmation within 48h (my current goal is to have at least Graet and John on my list).

I'll come back with my proposal and buyers are free to agree on one or choose someone else (which I will need to agree and they will need to pay fees for).


Thanks and Good Night all,
zefir

Audiation has been scamming people out of gift cards and then re-selling the stolen cards for lower then he bought for. 

Him buying the card: https://bitcointalk.org/index.php?topic=143595.0

Him selling the card: https://bitcointalk.org/index.php?topic=143371.0

It is obvious that he made many small legitimate trades to gain trust, and then cashed out with this to walk away with a 50$ card and 1BTC.  He claimed to not want to pay first because I was a new member and couldn't be trusted, and refused the idea of escrow.  I made the mistake of trusting him because of his reputation, and now I'm out 50$

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?

I like bears who just can't wait to tell everyone after they sold their bitcoins like it's them losing their virginities.