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Author Topic: ASICMINER fixed price auction  (Read 10071 times)
Jutarul
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March 01, 2013, 10:12:48 PM
 #1

Bitfountain decided to postpone the release of the ASICMINER equity to a trading platform.
(https://bitcointalk.org/index.php?topic=99497.msg1571278#msg1571278)

I am thus offering this FIXED PRICE auction for a total of 2472 shares at a price of 0.5 BTC / share.
I am doing this to provide liquidity and to benefit from my early investor status.

The minimum purchase is 10 shares and you could decide to buy incrementally. I will post daily summaries.
This auction will continue until the shares have sold out. The shares are sold on a first come first serve basis.

After bidding, please sent the corresponding amount of BTC (shares*0.5) within 48 hours to the following address:
1KbAD8KU1u6uw6nHSJEYpdZfgQbNbTAkH2

!!!IMPORTANT!!!
When you bid, specify the BTC address from which the BTC are coming from, so I can associate the forum name with the BTC address. Thus make sure you have access to the private key of the source BTC address. I will also use that BTC address when reporting the trades to friedcat. So safe yourself a headache and make sure you got this covered.
!!!IMPORTANT!!!

If the BTC are not received within 48 hours, the bid becomes invalid and the shares are available again.

I plan to do the clearing,i.e. the reporting to friedcat, after the auction has finished. If the auction takes longer than a week, I will report incrementally, i.e. each week.

If dividends overlap with the reporting/bidding, the date of the bid decides on the final recipient of the dividend, i.e. they will be forwarded correspondingly.

Happy bidding

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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Jutarul
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March 01, 2013, 11:43:51 PM
 #2

I have asked friedcat to confirm the validity of the offer.

Also, if you are not that familiar with how to send BTC from a specific address, I can make exceptions for the purpose of accounting (still prefer the other method). However, I still need an address which I can report to friedcat, keep that in mind.

I also accept offers per pm, in case a buyer wants to stay anonymous. I will post the corresponding entry in the thread, so everybody is aware of the activity. The time of the PM counts as the bid time. 

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
Jutarul
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March 01, 2013, 11:56:38 PM
 #3

bid for 30 shares per PM. March 01, 2013, 11:54:15 PM.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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March 02, 2013, 12:00:32 AM
 #4

bid for 10 shares per PM. March 01, 2013, 11:58:03 PM.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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March 02, 2013, 12:03:27 AM
 #5

bid for 80 shares per PM. March 02, 2013, 12:00:16 PM.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
Jutarul
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March 02, 2013, 12:07:44 AM
 #6

reserve for 20 shares per PM. March 02, 2013, 12:03:27 AM

conditional on friedcats confirmation

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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March 02, 2013, 12:21:56 AM
 #7

bid for 50 shares per PM. March 02, 2013, 12:19:46 PM.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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March 02, 2013, 12:26:28 AM
 #8

bid for 38 shares per PM. March 02, 2013, 12:23:16 AM

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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March 02, 2013, 03:21:22 AM
 #9

reserve for 15 shares per PM. March 02, 2013, 01:21:59 AM

conditional on friedcats confirmation

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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March 02, 2013, 03:23:43 AM
 #10

bid for 200 shares per PM. March 02, 2013, 02:34:11 AM

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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March 02, 2013, 03:28:18 AM
 #11

Quote
When you bid, specify the BTC address from which the BTC are coming from, so I can associate the forum name with the BTC address.

I'm using the latest version of the Satoshi client (v0.8.0-beta). Would you (or anyone else) be kind enough to briefly explain to me how to create a sending address so that I can send BTCs from it using my Satoshi client wallet?  If I just sent the BTCs to you regardless with my Satoshi client wallet, I should be able to see after the fact which BTC address my Satoshi client used to send the BTCs, right? Then I can report that address here? If I proceed this way, will that sending address be a different address from all the addresses I may have used previously using the same Satoshi client wallet?

Your help would be very much appreciated.


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March 02, 2013, 03:33:00 AM
 #12

bid for 100 shares per PM. March 02, 2013, 03:17:50 AM

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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March 02, 2013, 03:37:02 AM
 #13

Quote
When you bid, specify the BTC address from which the BTC are coming from, so I can associate the forum name with the BTC address.

I'm using the latest version of the Satoshi client (v0.8.0-beta). Would you (or anyone else) be kind enough to briefly explain to me how to create a sending address so that I can send BTCs from it using my Satoshi client wallet?  If I just sent the BTCs to you regardless with my Satoshi client wallet, I should be able to see after the fact which BTC address my Satoshi client used to send the BTCs, right? Then I can report that address here? If I proceed this way, will that sending address be a different address from all the addresses I may have used previously using the same Satoshi client wallet?

Your help would be very much appreciated.
Unfortunately the satoshi client has limited capabilities for coin control. You could work your way through setting up accounts, but I recommend using the Armory client.

However, as already pointed out above I will also accept payments from other address. But you have to provide an address I can report to friedcat to track ownership and to facilitate dividend payments.

Hope that helps

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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March 02, 2013, 03:39:48 AM
 #14

reserve for 34 shares per PM. March 02, 2013, 03:31:43 AM

conditional on friedcats confirmation

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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March 02, 2013, 03:47:15 AM
 #15

bid for 100 shares per PM. March 02, 2013, 03:40:42 AM

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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March 02, 2013, 04:10:16 AM
 #16

bid for 10 shares per PM. March 02, 2013, 04:08:22 AM

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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March 02, 2013, 04:33:23 AM
 #17

reserve for 62 shares per PM. March 02, 2013, 04:24:51 AM

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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March 02, 2013, 04:33:52 AM
 #18

bid for 50 shares per PM. March 02, 2013, 04:29:57 AM

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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March 02, 2013, 04:35:03 AM
 #19

When do you expect friedcat to confirm?

what is bid vs reserve?
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March 02, 2013, 04:38:08 AM
 #20

When do you expect friedcat to confirm?
Whenever he's awake & read his emails & and has time to browse the forum

what is bid vs reserve?
Some have requested a confirmation from friedcat first. Since this may take a day, I've put down the bid as a reserve, to indicate that it becomes a bid once friedcat confirms.


The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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