[WTB] Income shares buy-back, Avalon Batch #2

[ProfMac]

Previously, I sold shares, each equivalent to 1% of the output of an Avalon Batch #2 miner.

I am willing to buy back 10 shares, at the price that is best for me.

I have 10 different starting bids for 1 share each.

Please place your asks in this thread, or if you wish to prevent a public (nickname, address) match-up, send me a PM.

The format should be as follows, and I will enter that data by hand from any PMs.

<your ask price per share>  ";"  <number for me to buy-back> ";" <refund-address that bought share>

I will execute the buy-back soon after block 242,768 is mined.  You may rescind or modify your ask at any time before I execute the buy-back.

[ProfMac]

After I bought the Avalon and started the sale of shares, there has been some interaction between some authorities and various Bitcoin entities.  This has included the closing of bank accounts and lack of access to funds.  I also note without additional interpretation that there were inexplicable DoS attacks on several exchanges just prior to the bank account closings.

Today a posting disclosed that a cease and desist order was delivered from the State of California to The Bitcoin Foundation.  This posting has prompted me to make an announcement in my original auction thread.

I have decided to extend this buy-back so that anyone who has a pessimistic interpretation of events has a chance to back out, no questions asked.

So, similar deal as in post #1.  Send me a PM or post here that you want to sell your shares.  After block 244,687 is mined, whatever that date-time stamp, I will match y'all's lowest buy-back ask against my lowest sufficient buy-back bid, pay your ask amount, retire that (bid, ask, nr of shares) triple, and repeat until no more matches can be made.

Here are the numbers for my 10 bid orders.  I am using an auction to compensate you for the time that your bitcoins have been tied up, but to also give a sense of urgency and price competition.  I am using bid amounts that other people made in a similar auction to set realistic starting values.

I apologize in advance, but I think I have to offer PM to protect privacy to the cautious.  The result of that is there could be swooping bids at the end and not enough time to disclose them.  I don't know any solution to that dilemma.

Final auction results.  These 10 accounts each own 1 share (1%) of the Avalon's output.

• 1.4021 ; 1
  1.402 ; 1
  1.4015 ; 1
  1.401 ; 1
  1.400001 ; 1
  1.40000001 ; 1
  1.265000000 ; 1
  1.23359794 ; 1
  1.21410000 ; 1
  1.21100000 ; 1
  

[ProfMac]

Current asks:

Code:

price ; Nr. of shares ; buy-back address

1.3 ; 1 ; 1AH5ZBVZEhQ7vdEFLaUiaa5JKC2n4wsZk7  (via PM)

[dogie]

REALLY. So you spent 3000000000000000000000000 posts explaining a ridiculous auction system, ran it over 6 weeks while holding other bidders funds 'in case they win', and now you're simply buying them back?

[ProfMac]

REALLY. So you spent 3000000000000000000000000 posts explaining a ridiculous auction system, ran it over 6 weeks while holding other bidders funds 'in case they win', and now you're simply buying them back?

No.

[ProfMac]

REALLY. So you spent 3000000000000000000000000 posts explaining a ridiculous auction system, ran it over 6 weeks while holding other bidders funds 'in case they win', and now you're simply buying them back?

I am happy with the result.
The people who stayed in were confident when they made their payment.
Early people who lost confidence or otherwise were outbid have their money back.

So, while the rules don't work with your particular style, I myself don't characterize the auction as ridiculous.

I do, however, go to some effort to be sure that anything I post is factual.  Your post is not factual in the number of posts related to the auction, not factual in implying that I held any non winning funds for 6 weeks, and not factual in the implication that I am buying them back for a simple reason.