ASICMINER: board seat (equivalent of 5000 shares) for sale

[ghostshirt]

Final Contract

Code:

1) Purpose
This contract regulates the finalization of the ASICMINER auction in
https://bitcointalk.org/index.php?topic=142038.0

2) Buyers
 PM.6        100 @ 0.45
 ghostshirt  200 @ 0.45
 Vezunchik   100 @ 0.45
 LainZ       100 @ 0.45
 asnonmous  5000 @ 0.44 (including 500 from board chair option)

3) Seller
Shares are sold by user zefir. They are currently held directly by
friedcat as a PGP-signed lock-in contract.

4) Escrow
Graet and John (johnthedong) will escrow the transactions. Buyers
decided whom to choose, resulting in the following transaction plan:
 PM.6        45 BTC to 1EEFt1JqyTuTEsGHERJj58QcYb72BaPeTj (Graet) 
 ghostshirt  90 BTC to 15A8ztRxjnHud6unJi3dLpB9bLGdXVxAyg (Graet)
 Vezunchik   45 BTC to 1hnvX9pA6eSZPfGEaLHR1RHM6RE82yUox  (Graet)
 LainZ       45 BTC to 18AfJDFimnxRCbK4JbzqdHm1SigCySYT3p (Graet)
 asnonmous 2200 BTC to 1CuNd5n42cfqDz8SPVLSRsGHk2tLcHVMGh (John)

Payment shall be made from an address that the buyer fully controls,
i.e. is in possession of the private key, so the escrow in case of
disputes and cancellation can return the funds to sender.

5) Activation
This contract will be posted in the auction thread and changes its
status to active when both escrows and the seller digitally sign it,
either by PGP or Bitcoin address signature.

6) Acceptance
After activation (i.e. the time when all three signatures from point
5. were posted), the buyers accept this contract by sending their
respective payments to the escrow addresses given in 4. They are
given three days (72h + 12h time zone margin) to finalize the trans-
action in full. Failing so, their deal status changes to canceled.

7) Share Transfer
ASICMINER is going to have its private exchange that is scheduled to
go online before the first dividend payment is processed. As soon as
it launches, buyers need to open an account and provide all required
data to seller to initiate a transfer of shares. Since the details
of the new exchange are not yet known, no defined deadlines for the
transfer can be provided at this time. Seller is limited to do this
with best effort and will keep buyers and escrows informed about the
status.

On top of the transfer handled over the new exchange, seller will
attempt to reach agreement with friedcat to split his position
according to the sale and move them to bilateral contracts between
buyers and friedcat directly and get their shares assigned to them
before the exchange launches. Success solely depends on friedcat
and can not be guaranteed.

8) Dividends
Buyers are entitled for all ASICMINER dividends. Share transfer is
scheduled to finalize before the first dividend is paid. Any dividends
paid for any reason to seller shall be forwarded in full to the buyers
at their following addresses:
 PM.6        1AXKZp4KU4tA4yPoFtHQPHoUi2DmWgHdEd
 ghostshirt  1ZKrazKLvfxNCYqk4BbboxiPonB9U3Pwh
 Vezunchik   1AkZFPx76RWEEpojMj5RvGDDesZxPazVdF
 LainZ       1Bgu2w4vBTXDDkpWkjAeomVnRRYASnCaJV
 asnonmous   12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX

9) Clearance
Escrowed funds will be released to seller after buyers approval of
* transfer of shares to their account
* receipt of their dividends (if any happened before transfer)

Seller's address for this deal is 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc

Changes to the previous one posted in #176:

• point 4: updated Johns escrow address as stated in #177
• point 8: added LainZ address as provided by PM

As the seller I sign this final contract with my address for this deal 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc

Code:

G8/RWsCo7WDaWFBCLszNKm23ByWo3iBlD3HEUNDPO1GHK3AqCaKfgNIqUAdCCW1kzuetAqOEpYZtaHNp/CJqBLA=

Hello zefir, I am having a difficulty verifying your signature. I am pasting the contract, your signature address and the signature but verification fails. I am using bitcoin-qt 0.7.2, does version change anything?

[zefir]

Hello zefir, I am having a difficulty verifying your signature. I am pasting the contract, your signature address and the signature but verification fails. I am using bitcoin-qt 0.7.2, does version change anything?

Hi ghostshirt,

it is not you. The signature I posted was generated with piuk's My Wallet. Just double checked with Armory and got a different output

I thought it's consequent to use Bitcoin address signing for this contract, but as long as there are sources for confusion I'll switch back to the established way:

Code:

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

1) Purpose
This contract regulates the finalization of the ASICMINER auction in
https://bitcointalk.org/index.php?topic=142038.0

2) Buyers
 PM.6        100 @ 0.45
 ghostshirt  200 @ 0.45
 Vezunchik   100 @ 0.45
 LainZ       100 @ 0.45
 asnonmous  5000 @ 0.44 (including 500 from board chair option)

3) Seller
Shares are sold by user zefir. They are currently held directly by
friedcat as a PGP-signed lock-in contract.

4) Escrow
Graet and John (johnthedong) will escrow the transactions. Buyers
decided whom to choose, resulting in the following transaction plan:
 PM.6        45 BTC to 1EEFt1JqyTuTEsGHERJj58QcYb72BaPeTj (Graet) 
 ghostshirt  90 BTC to 15A8ztRxjnHud6unJi3dLpB9bLGdXVxAyg (Graet)
 Vezunchik   45 BTC to 1hnvX9pA6eSZPfGEaLHR1RHM6RE82yUox  (Graet)
 LainZ       45 BTC to 18AfJDFimnxRCbK4JbzqdHm1SigCySYT3p (Graet)
 asnonmous 2200 BTC to 1CuNd5n42cfqDz8SPVLSRsGHk2tLcHVMGh (John)

Payment shall be made from an address that the buyer fully controls,
i.e. is in possession of the private key, so the escrow in case of
disputes and cancellation can return the funds to sender.

5) Activation
This contract will be posted in the auction thread and changes its
status to active when both escrows and the seller digitally sign it,
either by PGP or Bitcoin address signature.

6) Acceptance
After activation (i.e. the time when all three signatures from point
5. were posted), the buyers accept this contract by sending their
respective payments to the escrow addresses given in 4. They are
given three days (72h + 12h time zone margin) to finalize the trans-
action in full. Failing so, their deal status changes to canceled.

7) Share Transfer
ASICMINER is going to have its private exchange that is scheduled to
go online before the first dividend payment is processed. As soon as
it launches, buyers need to open an account and provide all required
data to seller to initiate a transfer of shares. Since the details
of the new exchange are not yet known, no defined deadlines for the
transfer can be provided at this time. Seller is limited to do this
with best effort and will keep buyers and escrows informed about the
status.

On top of the transfer handled over the new exchange, seller will
attempt to reach agreement with friedcat to split his position
according to the sale and move them to bilateral contracts between
buyers and friedcat directly and get their shares assigned to them
before the exchange launches. Success solely depends on friedcat
and can not be guaranteed.

8) Dividends
Buyers are entitled for all ASICMINER dividends. Share transfer is
scheduled to finalize before the first dividend is paid. Any dividends
paid for any reason to seller shall be forwarded in full to the buyers
at their following addresses:
 PM.6        1AXKZp4KU4tA4yPoFtHQPHoUi2DmWgHdEd
 ghostshirt  1ZKrazKLvfxNCYqk4BbboxiPonB9U3Pwh
 Vezunchik   1AkZFPx76RWEEpojMj5RvGDDesZxPazVdF
 LainZ       1Bgu2w4vBTXDDkpWkjAeomVnRRYASnCaJV
 asnonmous   12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX

9) Clearance
Escrowed funds will be released to seller after buyers approval of
* transfer of shares to their account
* receipt of their dividends (if any happened before transfer)

Seller's address for this deal is 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc


-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.11 (GNU/Linux)

iQIcBAEBAgAGBQJRJQjaAAoJEN6md73WDkYs9loP/14tidf6a5FdbrIZAcTfErBK
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aW6OrXOZTxw2vhdMB4dbwc0A9w5uOLygLUyYNBuquRLUtpqR87HvpEwB3rMx5dCD
XPOb/ysOQyv1b00fXAdOzYfEk/uultHZ6NEqhBFo2mL3wttIl5VySP58o1ltSfpB
Lw0vYvMvTE6O0/I+wZQlRe/2azDJ4JfhP1doa34DAA9aeZFDfQp/QfMygkiugvPW
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w2ckD0TZAa7CBFOgZFYA0gaDX+Ersof6Jgg5d4hM1XF3fZB/FJPkPs5Oe1GJcjIi
1iKEvC4xCG+d3NIlR8uLp5nyMYKma1EZp1dJklNn0c19zV4uHaPixNTNVvBOW2MX
+/ruSdOMpm44Pzc0q8Z2
=prGM
-----END PGP SIGNATURE-----

[DiabloD3]

I thought it's consequent to use Bitcoin address signing for this contract

Yes, but you have to use Bitcoin itself to sign it. No one agreed on the signature algo, so everyone else is doing it wrong and they need to switch to use Bitcoin's. If you would have signed it with bitcoin-qt or bitcoind, this wouldn't have been a problem.

[zefir]

I thought it's consequent to use Bitcoin address signing for this contract

Yes, but you have to use Bitcoin itself to sign it. No one agreed on the signature algo, so everyone else is doing it wrong and they need to switch to use Bitcoin's. If you would have signed it with bitcoin-qt or bitcoind, this wouldn't have been a problem.

Thanks for clarification.

If that's the case (everyone doing his own thing), it is not useful yet, since people not working with bitcoind (like /me) can't reliably sign / verify.

[ghostshirt]

Hello zefir, I am having a difficulty verifying your signature. I am pasting the contract, your signature address and the signature but verification fails. I am using bitcoin-qt 0.7.2, does version change anything?

Hi ghostshirt,

it is not you. The signature I posted was generated with piuk's My Wallet. Just double checked with Armory and got a different output

I thought it's consequent to use Bitcoin address signing for this contract, but as long as there are sources for confusion I'll switch back to the established way:

Code:

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

1) Purpose
This contract regulates the finalization of the ASICMINER auction in
https://bitcointalk.org/index.php?topic=142038.0

2) Buyers
 PM.6        100 @ 0.45
 ghostshirt  200 @ 0.45
 Vezunchik   100 @ 0.45
 LainZ       100 @ 0.45
 asnonmous  5000 @ 0.44 (including 500 from board chair option)

3) Seller
Shares are sold by user zefir. They are currently held directly by
friedcat as a PGP-signed lock-in contract.

4) Escrow
Graet and John (johnthedong) will escrow the transactions. Buyers
decided whom to choose, resulting in the following transaction plan:
 PM.6        45 BTC to 1EEFt1JqyTuTEsGHERJj58QcYb72BaPeTj (Graet) 
 ghostshirt  90 BTC to 15A8ztRxjnHud6unJi3dLpB9bLGdXVxAyg (Graet)
 Vezunchik   45 BTC to 1hnvX9pA6eSZPfGEaLHR1RHM6RE82yUox  (Graet)
 LainZ       45 BTC to 18AfJDFimnxRCbK4JbzqdHm1SigCySYT3p (Graet)
 asnonmous 2200 BTC to 1CuNd5n42cfqDz8SPVLSRsGHk2tLcHVMGh (John)

Payment shall be made from an address that the buyer fully controls,
i.e. is in possession of the private key, so the escrow in case of
disputes and cancellation can return the funds to sender.

5) Activation
This contract will be posted in the auction thread and changes its
status to active when both escrows and the seller digitally sign it,
either by PGP or Bitcoin address signature.

6) Acceptance
After activation (i.e. the time when all three signatures from point
5. were posted), the buyers accept this contract by sending their
respective payments to the escrow addresses given in 4. They are
given three days (72h + 12h time zone margin) to finalize the trans-
action in full. Failing so, their deal status changes to canceled.

7) Share Transfer
ASICMINER is going to have its private exchange that is scheduled to
go online before the first dividend payment is processed. As soon as
it launches, buyers need to open an account and provide all required
data to seller to initiate a transfer of shares. Since the details
of the new exchange are not yet known, no defined deadlines for the
transfer can be provided at this time. Seller is limited to do this
with best effort and will keep buyers and escrows informed about the
status.

On top of the transfer handled over the new exchange, seller will
attempt to reach agreement with friedcat to split his position
according to the sale and move them to bilateral contracts between
buyers and friedcat directly and get their shares assigned to them
before the exchange launches. Success solely depends on friedcat
and can not be guaranteed.

8) Dividends
Buyers are entitled for all ASICMINER dividends. Share transfer is
scheduled to finalize before the first dividend is paid. Any dividends
paid for any reason to seller shall be forwarded in full to the buyers
at their following addresses:
 PM.6        1AXKZp4KU4tA4yPoFtHQPHoUi2DmWgHdEd
 ghostshirt  1ZKrazKLvfxNCYqk4BbboxiPonB9U3Pwh
 Vezunchik   1AkZFPx76RWEEpojMj5RvGDDesZxPazVdF
 LainZ       1Bgu2w4vBTXDDkpWkjAeomVnRRYASnCaJV
 asnonmous   12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX

9) Clearance
Escrowed funds will be released to seller after buyers approval of
* transfer of shares to their account
* receipt of their dividends (if any happened before transfer)

Seller's address for this deal is 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc


-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.11 (GNU/Linux)

iQIcBAEBAgAGBQJRJQjaAAoJEN6md73WDkYs9loP/14tidf6a5FdbrIZAcTfErBK
esIl83dSOpalHi+fQJT1SDptUDB/cm2OUewEPm4Mj3SfIl1qVcYIyLM4zqywh4gY
aW6OrXOZTxw2vhdMB4dbwc0A9w5uOLygLUyYNBuquRLUtpqR87HvpEwB3rMx5dCD
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Lw0vYvMvTE6O0/I+wZQlRe/2azDJ4JfhP1doa34DAA9aeZFDfQp/QfMygkiugvPW
Un8VnBrbDarSTEp6RSBdjDxMBol7ofXCiFXJ65DwPRoJu3jceMhp3aL89LwzPyiC
xuFf8Inb0JKVrYxkE+04RnVctczAggfoySUTkSFWJKJFKd0Ar6p81Wdh+pAv7YXB
cpJ8NkOE3lmTICuCof5/lmtdcQkhjccjhVDPoVDSGWpw8bkoIozHXk1OsO7BR15r
wx4sfjb3FmmdyB3AvNdtx+uVNtdI0bGA9ALzZHRgSVY3XBRqiR21DFEGxdvDp+G3
w2ckD0TZAa7CBFOgZFYA0gaDX+Ersof6Jgg5d4hM1XF3fZB/FJPkPs5Oe1GJcjIi
1iKEvC4xCG+d3NIlR8uLp5nyMYKma1EZp1dJklNn0c19zV4uHaPixNTNVvBOW2MX
+/ruSdOMpm44Pzc0q8Z2
=prGM
-----END PGP SIGNATURE-----

Thank you for the clarification. PGP signature verified.

[asnonmous]

I thought it's consequent to use Bitcoin address signing for this contract

Yes, but you have to use Bitcoin itself to sign it. No one agreed on the signature algo, so everyone else is doing it wrong and they need to switch to use Bitcoin's. If you would have signed it with bitcoin-qt or bitcoind, this wouldn't have been a problem.

Thanks for clarification.

If that's the case (everyone doing his own thing), it is not useful yet, since people not working with bitcoind (like /me) can't reliably sign / verify.

I believe everyone is moving towards using the bitcoin-qt system for signing, but I'm not sure.  I'm signing with bitcoin-qt, let me know if that is insufficient.  I don't have a PGP key yet, and this signature is easily associatable with the coins in the account it is coming from.

Contract signed from address: 12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX

Signature:

Code:

HyhgIo5QfmPpuQw2iPAakBhp0sCP3BnnBjXiojs+rsaCcs4QGoo74xDUOthtn3wlKTmKDA7qYhZUR9Qhi3K/Glc=

(signed with bitcoin-qt 0.7.2-beta)

Once John has signed, I'll initiate the transfer.

[Vezunchik]

Code:

1) Purpose
This contract regulates the finalization of the ASICMINER auction in
https://bitcointalk.org/index.php?topic=142038.0

2) Buyers
 PM.6        100 @ 0.45
 ghostshirt  200 @ 0.45
 Vezunchik   100 @ 0.45
 LainZ       100 @ 0.45
 asnonmous  5000 @ 0.44 (including 500 from board chair option)

3) Seller
Shares are sold by user zefir. They are currently held directly by
friedcat as a PGP-signed lock-in contract.

4) Escrow
Graet and John (johnthedong) will escrow the transactions. Buyers
decided whom to choose, resulting in the following transaction plan:
 PM.6        45 BTC to 1EEFt1JqyTuTEsGHERJj58QcYb72BaPeTj (Graet) 
 ghostshirt  90 BTC to 15A8ztRxjnHud6unJi3dLpB9bLGdXVxAyg (Graet)
 Vezunchik   45 BTC to 1hnvX9pA6eSZPfGEaLHR1RHM6RE82yUox  (Graet)
 LainZ       45 BTC to 18AfJDFimnxRCbK4JbzqdHm1SigCySYT3p (Graet)
 asnonmous 2200 BTC to 1CuNd5n42cfqDz8SPVLSRsGHk2tLcHVMGh (John)

Payment shall be made from an address that the buyer fully controls,
i.e. is in possession of the private key, so the escrow in case of
disputes and cancellation can return the funds to sender.

5) Activation
This contract will be posted in the auction thread and changes its
status to active when both escrows and the seller digitally sign it,
either by PGP or Bitcoin address signature.

6) Acceptance
After activation (i.e. the time when all three signatures from point
5. were posted), the buyers accept this contract by sending their
respective payments to the escrow addresses given in 4. They are
given three days (72h + 12h time zone margin) to finalize the trans-
action in full. Failing so, their deal status changes to canceled.

7) Share Transfer
ASICMINER is going to have its private exchange that is scheduled to
go online before the first dividend payment is processed. As soon as
it launches, buyers need to open an account and provide all required
data to seller to initiate a transfer of shares. Since the details
of the new exchange are not yet known, no defined deadlines for the
transfer can be provided at this time. Seller is limited to do this
with best effort and will keep buyers and escrows informed about the
status.

On top of the transfer handled over the new exchange, seller will
attempt to reach agreement with friedcat to split his position
according to the sale and move them to bilateral contracts between
buyers and friedcat directly and get their shares assigned to them
before the exchange launches. Success solely depends on friedcat
and can not be guaranteed.

8) Dividends
Buyers are entitled for all ASICMINER dividends. Share transfer is
scheduled to finalize before the first dividend is paid. Any dividends
paid for any reason to seller shall be forwarded in full to the buyers
at their following addresses:
 PM.6        1AXKZp4KU4tA4yPoFtHQPHoUi2DmWgHdEd
 ghostshirt  1ZKrazKLvfxNCYqk4BbboxiPonB9U3Pwh
 Vezunchik   1AkZFPx76RWEEpojMj5RvGDDesZxPazVdF
 LainZ       1Bgu2w4vBTXDDkpWkjAeomVnRRYASnCaJV
 asnonmous   12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX

9) Clearance
Escrowed funds will be released to seller after buyers approval of
* transfer of shares to their account
* receipt of their dividends (if any happened before transfer)

Seller's address for this deal is 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc

Code:

H3guAWvpcz9ZN0cIz6jCqvkVKIUG8zOR0EGcYNxVLmczr2YkHkbqxZrPd49SGYeUVAx7xO9/v2TN4i2qFCiLIH4=

by address

Code:

1AkZFPx76RWEEpojMj5RvGDDesZxPazVdF

[zefir]

I believe everyone is moving towards using the bitcoin-qt system for signing, but I'm not sure.  I'm signing with bitcoin-qt, let me know if that is insufficient.  I don't have a PGP key yet, and this signature is easily associatable with the coins in the account it is coming from.

Contract signed from address: 12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX

Signature:

Code:

HyhgIo5QfmPpuQw2iPAakBhp0sCP3BnnBjXiojs+rsaCcs4QGoo74xDUOthtn3wlKTmKDA7qYhZUR9Qhi3K/Glc=

(signed with bitcoin-qt 0.7.2-beta)

Verified.

Once John has signed, I'll initiate the transfer.

John basically did in post #177 by confirming he is controlling the updated escrow address and signing the contract.

I contacted John and Graet once again after the contract update for the new address and expect them to confirm soon.

[zefir]

Code:

1) Purpose
This contract regulates the finalization of the ASICMINER auction in
https://bitcointalk.org/index.php?topic=142038.0

2) Buyers
 PM.6        100 @ 0.45
 ghostshirt  200 @ 0.45
 Vezunchik   100 @ 0.45
 LainZ       100 @ 0.45
 asnonmous  5000 @ 0.44 (including 500 from board chair option)

3) Seller
Shares are sold by user zefir. They are currently held directly by
friedcat as a PGP-signed lock-in contract.

4) Escrow
Graet and John (johnthedong) will escrow the transactions. Buyers
decided whom to choose, resulting in the following transaction plan:
 PM.6        45 BTC to 1EEFt1JqyTuTEsGHERJj58QcYb72BaPeTj (Graet) 
 ghostshirt  90 BTC to 15A8ztRxjnHud6unJi3dLpB9bLGdXVxAyg (Graet)
 Vezunchik   45 BTC to 1hnvX9pA6eSZPfGEaLHR1RHM6RE82yUox  (Graet)
 LainZ       45 BTC to 18AfJDFimnxRCbK4JbzqdHm1SigCySYT3p (Graet)
 asnonmous 2200 BTC to 1CuNd5n42cfqDz8SPVLSRsGHk2tLcHVMGh (John)

Payment shall be made from an address that the buyer fully controls,
i.e. is in possession of the private key, so the escrow in case of
disputes and cancellation can return the funds to sender.

5) Activation
This contract will be posted in the auction thread and changes its
status to active when both escrows and the seller digitally sign it,
either by PGP or Bitcoin address signature.

6) Acceptance
After activation (i.e. the time when all three signatures from point
5. were posted), the buyers accept this contract by sending their
respective payments to the escrow addresses given in 4. They are
given three days (72h + 12h time zone margin) to finalize the trans-
action in full. Failing so, their deal status changes to canceled.

7) Share Transfer
ASICMINER is going to have its private exchange that is scheduled to
go online before the first dividend payment is processed. As soon as
it launches, buyers need to open an account and provide all required
data to seller to initiate a transfer of shares. Since the details
of the new exchange are not yet known, no defined deadlines for the
transfer can be provided at this time. Seller is limited to do this
with best effort and will keep buyers and escrows informed about the
status.

On top of the transfer handled over the new exchange, seller will
attempt to reach agreement with friedcat to split his position
according to the sale and move them to bilateral contracts between
buyers and friedcat directly and get their shares assigned to them
before the exchange launches. Success solely depends on friedcat
and can not be guaranteed.

8) Dividends
Buyers are entitled for all ASICMINER dividends. Share transfer is
scheduled to finalize before the first dividend is paid. Any dividends
paid for any reason to seller shall be forwarded in full to the buyers
at their following addresses:
 PM.6        1AXKZp4KU4tA4yPoFtHQPHoUi2DmWgHdEd
 ghostshirt  1ZKrazKLvfxNCYqk4BbboxiPonB9U3Pwh
 Vezunchik   1AkZFPx76RWEEpojMj5RvGDDesZxPazVdF
 LainZ       1Bgu2w4vBTXDDkpWkjAeomVnRRYASnCaJV
 asnonmous   12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX

9) Clearance
Escrowed funds will be released to seller after buyers approval of
* transfer of shares to their account
* receipt of their dividends (if any happened before transfer)

Seller's address for this deal is 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc

Code:

H3guAWvpcz9ZN0cIz6jCqvkVKIUG8zOR0EGcYNxVLmczr2YkHkbqxZrPd49SGYeUVAx7xO9/v2TN4i2qFCiLIH4=

by address

Code:

1AkZFPx76RWEEpojMj5RvGDDesZxPazVdF

Verified.

[ghostshirt]

Are we -the buyers- supposed to sign the contract also?

[asnonmous]

I believe everyone is moving towards using the bitcoin-qt system for signing, but I'm not sure.  I'm signing with bitcoin-qt, let me know if that is insufficient.  I don't have a PGP key yet, and this signature is easily associatable with the coins in the account it is coming from.

Contract signed from address: 12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX

Signature:

Code:

HyhgIo5QfmPpuQw2iPAakBhp0sCP3BnnBjXiojs+rsaCcs4QGoo74xDUOthtn3wlKTmKDA7qYhZUR9Qhi3K/Glc=

(signed with bitcoin-qt 0.7.2-beta)

Verified.

Once John has signed, I'll initiate the transfer.

John basically did in post #177 by confirming he is controlling the updated escrow address and signing the contract.

I contacted John and Graet once again after the contract update for the new address and expect them to confirm soon.

It looks like a simple mistake, but the contract he PGP signed used his old address, and had that same address as my "send dividends to" address.

[zefir]

Are we -the buyers- supposed to sign the contract also?

Usually (and I stated it such in 6.) buyers 'sign' with their money, i.e. implicitly accept the contract by transferring the funds.

But it also does not hurt to explicitly do. Only thing from contractual side is, the contract becomes active (i.e. buyers can transfer their funds) as soon as seller and escrows signed - while buyers signatures are not relevant for that state change.

[asnonmous]

Are we -the buyers- supposed to sign the contract also?

Usually (and I stated it such in 6.) buyers 'sign' with their money, i.e. implicitly accept the contract by transferring the funds.

But it also does not hurt to explicitly do. Only thing from contractual side is, the contract becomes active (i.e. buyers can transfer their funds) as soon as seller and escrows signed - while buyers signatures are not relevant for that state change.

Are we waiting for confirmation/signature from the Escrows at the moment?

[John (John K.)]

I signed the contract a couple of posts ago, but I'll re-sign it with the newest address.

Code:

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

1) Purpose
This contract regulates the finalization of the ASICMINER auction in
https://bitcointalk.org/index.php?topic=142038.0

2) Buyers
 PM.6        100 @ 0.45
 ghostshirt  200 @ 0.45
 Vezunchik   100 @ 0.45
 LainZ       100 @ 0.45
 asnonmous  5000 @ 0.44 (including 500 from board chair option)

3) Seller
Shares are sold by user zefir. They are currently held directly by
friedcat as a PGP-signed lock-in contract.

4) Escrow
Graet and John (johnthedong) will escrow the transactions. Buyers
decided whom to choose, resulting in the following transaction plan:
 PM.6        45 BTC to 1EEFt1JqyTuTEsGHERJj58QcYb72BaPeTj (Graet) 
 ghostshirt  90 BTC to 15A8ztRxjnHud6unJi3dLpB9bLGdXVxAyg (Graet)
 Vezunchik   45 BTC to 1hnvX9pA6eSZPfGEaLHR1RHM6RE82yUox  (Graet)
 LainZ       45 BTC to 18AfJDFimnxRCbK4JbzqdHm1SigCySYT3p (Graet)
 asnonmous 2200 BTC to 1CuNd5n42cfqDz8SPVLSRsGHk2tLcHVMGh (John)

Payment shall be made from an address that the buyer fully controls,
i.e. is in possession of the private key, so the escrow in case of
disputes and cancellation can return the funds to sender.

5) Activation
This contract will be posted in the auction thread and changes its
status to active when both escrows and the seller digitally sign it,
either by PGP or Bitcoin address signature.

6) Acceptance
After activation (i.e. the time when all three signatures from point
5. were posted), the buyers accept this contract by sending their
respective payments to the escrow addresses given in 4. They are
given three days (72h + 12h time zone margin) to finalize the trans-
action in full. Failing so, their deal status changes to canceled.

7) Share Transfer
ASICMINER is going to have its private exchange that is scheduled to
go online before the first dividend payment is processed. As soon as
it launches, buyers need to open an account and provide all required
data to seller to initiate a transfer of shares. Since the details
of the new exchange are not yet known, no defined deadlines for the
transfer can be provided at this time. Seller is limited to do this
with best effort and will keep buyers and escrows informed about the
status.

On top of the transfer handled over the new exchange, seller will
attempt to reach agreement with friedcat to split his position
according to the sale and move them to bilateral contracts between
buyers and friedcat directly and get their shares assigned to them
before the exchange launches. Success solely depends on friedcat
and can not be guaranteed.

8) Dividends
Buyers are entitled for all ASICMINER dividends. Share transfer is
scheduled to finalize before the first dividend is paid. Any dividends
paid for any reason to seller shall be forwarded in full to the buyers
at their following addresses:
 PM.6        1AXKZp4KU4tA4yPoFtHQPHoUi2DmWgHdEd
 ghostshirt  1ZKrazKLvfxNCYqk4BbboxiPonB9U3Pwh
 Vezunchik   1AkZFPx76RWEEpojMj5RvGDDesZxPazVdF
 LainZ       1Bgu2w4vBTXDDkpWkjAeomVnRRYASnCaJV
 asnonmous   12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX

9) Clearance
Escrowed funds will be released to seller after buyers approval of
* transfer of shares to their account
* receipt of their dividends (if any happened before transfer)

Seller's address for this deal is 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.11 (MingW32)
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=JzKP
-----END PGP SIGNATURE-----

[asnonmous]

I signed the contract a couple of posts ago, but I'll re-sign it with the newest address.

Code:

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

1) Purpose
This contract regulates the finalization of the ASICMINER auction in
https://bitcointalk.org/index.php?topic=142038.0

2) Buyers
 PM.6        100 @ 0.45
 ghostshirt  200 @ 0.45
 Vezunchik   100 @ 0.45
 LainZ       100 @ 0.45
 asnonmous  5000 @ 0.44 (including 500 from board chair option)

3) Seller
Shares are sold by user zefir. They are currently held directly by
friedcat as a PGP-signed lock-in contract.

4) Escrow
Graet and John (johnthedong) will escrow the transactions. Buyers
decided whom to choose, resulting in the following transaction plan:
 PM.6        45 BTC to 1EEFt1JqyTuTEsGHERJj58QcYb72BaPeTj (Graet) 
 ghostshirt  90 BTC to 15A8ztRxjnHud6unJi3dLpB9bLGdXVxAyg (Graet)
 Vezunchik   45 BTC to 1hnvX9pA6eSZPfGEaLHR1RHM6RE82yUox  (Graet)
 LainZ       45 BTC to 18AfJDFimnxRCbK4JbzqdHm1SigCySYT3p (Graet)
 asnonmous 2200 BTC to 1CuNd5n42cfqDz8SPVLSRsGHk2tLcHVMGh (John)

Payment shall be made from an address that the buyer fully controls,
i.e. is in possession of the private key, so the escrow in case of
disputes and cancellation can return the funds to sender.

5) Activation
This contract will be posted in the auction thread and changes its
status to active when both escrows and the seller digitally sign it,
either by PGP or Bitcoin address signature.

6) Acceptance
After activation (i.e. the time when all three signatures from point
5. were posted), the buyers accept this contract by sending their
respective payments to the escrow addresses given in 4. They are
given three days (72h + 12h time zone margin) to finalize the trans-
action in full. Failing so, their deal status changes to canceled.

7) Share Transfer
ASICMINER is going to have its private exchange that is scheduled to
go online before the first dividend payment is processed. As soon as
it launches, buyers need to open an account and provide all required
data to seller to initiate a transfer of shares. Since the details
of the new exchange are not yet known, no defined deadlines for the
transfer can be provided at this time. Seller is limited to do this
with best effort and will keep buyers and escrows informed about the
status.

On top of the transfer handled over the new exchange, seller will
attempt to reach agreement with friedcat to split his position
according to the sale and move them to bilateral contracts between
buyers and friedcat directly and get their shares assigned to them
before the exchange launches. Success solely depends on friedcat
and can not be guaranteed.

8) Dividends
Buyers are entitled for all ASICMINER dividends. Share transfer is
scheduled to finalize before the first dividend is paid. Any dividends
paid for any reason to seller shall be forwarded in full to the buyers
at their following addresses:
 PM.6        1AXKZp4KU4tA4yPoFtHQPHoUi2DmWgHdEd
 ghostshirt  1ZKrazKLvfxNCYqk4BbboxiPonB9U3Pwh
 Vezunchik   1AkZFPx76RWEEpojMj5RvGDDesZxPazVdF
 LainZ       1Bgu2w4vBTXDDkpWkjAeomVnRRYASnCaJV
 asnonmous   12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX

9) Clearance
Escrowed funds will be released to seller after buyers approval of
* transfer of shares to their account
* receipt of their dividends (if any happened before transfer)

Seller's address for this deal is 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.11 (MingW32)

iQIcBAEBAgAGBQJRJj42AAoJEINT5jezqu6wN+YP/RWorBOxxPLwZYVL8GPBBtCc
Da12lyghQeETunopxu0pp08wsRYYpk2jNcGcPZ9r70eIgzC/Czao5eBiPM/hV+FS
Vxsjk1alyYomB3SZvu/FTGGijwqFfgBM518CQj8TLeAHKrkyRuz3m5y1ECsurIic
7/RU+FPcptC52jiziHlMrN1Z1pWmWmoHV3forvFFsLSOgoWaDL16ckPeHaqVAroT
+lQZyoa43gorIEIqBRqTJeYeIfshgEbTLmmhnfMh4+Fbs+sPzj7aLMtl4xQjdhx+
SjERt23sLWZk2cdjXqZIKCJ7iVFw4nyYA3c/8/lc9NgxjZ9LH4ijq9paQYFQXCv4
1po9NFtT2APAD11sIs2D9mMz2eivzaV7hm9UEz4W5F6k9yirvPV5cJ/RuIagezrC
2ukDMKU6/U7mccc5xpqdZCGZx7JBkId3wuQw6ZS6PNrUyZnoIZ3ZmydGoLdwRWNP
xkIRIoZdflf/3GC1e/7S4vAuGYJeQTwd1hSPRAV7RmqElubQK6QgoTHgo3bAd0TM
3eQNaCtUpbZSKpZ2REkLiQ2QjckrL/ZGcctttGDe9fP4gfds1LlKI6eNhPAVH5hP
nG4WmqSdTbUUR1eA1ASzN1XOeIU7yAzcEWARPZt26fzKxgBMdEtz+h/hNp+KJUbZ
5p7V8hNCyZgg5kbUf+wS
=JzKP
-----END PGP SIGNATURE-----

Confirmed, thanks.  I'll do the transfer tonight when I get back to a computer.

[Graet]

Code:

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1


1) Purpose
This contract regulates the finalization of the ASICMINER auction in
https://bitcointalk.org/index.php?topic=142038.0

2) Buyers
 PM.6        100 @ 0.45
 ghostshirt  200 @ 0.45
 Vezunchik   100 @ 0.45
 LainZ       100 @ 0.45
 asnonmous  5000 @ 0.44 (including 500 from board chair option)

3) Seller
Shares are sold by user zefir. They are currently held directly by
friedcat as a PGP-signed lock-in contract.

4) Escrow
Graet and John (johnthedong) will escrow the transactions. Buyers
decided whom to choose, resulting in the following transaction plan:
 PM.6        45 BTC to 1EEFt1JqyTuTEsGHERJj58QcYb72BaPeTj (Graet) 
 ghostshirt  90 BTC to 15A8ztRxjnHud6unJi3dLpB9bLGdXVxAyg (Graet)
 Vezunchik   45 BTC to 1hnvX9pA6eSZPfGEaLHR1RHM6RE82yUox  (Graet)
 LainZ       45 BTC to 18AfJDFimnxRCbK4JbzqdHm1SigCySYT3p (Graet)
 asnonmous 2200 BTC to 1CuNd5n42cfqDz8SPVLSRsGHk2tLcHVMGh (John)

Payment shall be made from an address that the buyer fully controls,
i.e. is in possession of the private key, so the escrow in case of
disputes and cancellation can return the funds to sender.

5) Activation
This contract will be posted in the auction thread and changes its
status to active when both escrows and the seller digitally sign it,
either by PGP or Bitcoin address signature.

6) Acceptance
After activation (i.e. the time when all three signatures from point
5. were posted), the buyers accept this contract by sending their
respective payments to the escrow addresses given in 4. They are
given three days (72h + 12h time zone margin) to finalize the trans-
action in full. Failing so, their deal status changes to canceled.

7) Share Transfer
ASICMINER is going to have its private exchange that is scheduled to
go online before the first dividend payment is processed. As soon as
it launches, buyers need to open an account and provide all required
data to seller to initiate a transfer of shares. Since the details
of the new exchange are not yet known, no defined deadlines for the
transfer can be provided at this time. Seller is limited to do this
with best effort and will keep buyers and escrows informed about the
status.

On top of the transfer handled over the new exchange, seller will
attempt to reach agreement with friedcat to split his position
according to the sale and move them to bilateral contracts between
buyers and friedcat directly and get their shares assigned to them
before the exchange launches. Success solely depends on friedcat
and can not be guaranteed.

8) Dividends
Buyers are entitled for all ASICMINER dividends. Share transfer is
scheduled to finalize before the first dividend is paid. Any dividends
paid for any reason to seller shall be forwarded in full to the buyers
at their following addresses:
 PM.6        1AXKZp4KU4tA4yPoFtHQPHoUi2DmWgHdEd
 ghostshirt  1ZKrazKLvfxNCYqk4BbboxiPonB9U3Pwh
 Vezunchik   1AkZFPx76RWEEpojMj5RvGDDesZxPazVdF
 LainZ       1Bgu2w4vBTXDDkpWkjAeomVnRRYASnCaJV
 asnonmous   12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX

9) Clearance
Escrowed funds will be released to seller after buyers approval of
* transfer of shares to their account
* receipt of their dividends (if any happened before transfer)

Seller's address for this deal is 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc


-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.11 (GNU/Linux)
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=9wPM
-----END PGP SIGNATURE-----

Sorry for the delay
Graet

[ghostshirt]

I've just made my payment of 90 BTC.

[zefir]

Both signatures verified.

Contract is active now.

[zefir]

friedcat posted today's update in the ASICMINER thread.

Beside ramping up of hashpower going as planned, the relevant information for this auction is that dividend payments will start next Thursday (Feb. 28.). Trades registered to him before that day will be fully accounted for the dividend payment, i.e. (thanks to the perfect timing of this auction ) buyers will receive their earnings to the address given in the contract.

[asnonmous]

2200 BTC has been sent to the John as an escrow.  Transaction:
http://blockchain.info/tx-index/55152844/e06c3cab9a23287d55ac6f57bcee157e56aebaef5e63be09187a4eaef3d4963a

Thanks