Bitcoin Forum
December 17, 2017, 05:49:32 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: [AUCTION] 53 ASICMINER shares @3.33 BTC/share (48hrs)  (Read 2160 times)
chriswilmer
Legendary
*
Offline Offline

Activity: 1008


View Profile WWW
August 22, 2013, 12:44:21 AM
 #21

10 minutes left!
1513532972
Hero Member
*
Offline Offline

Posts: 1513532972

View Profile Personal Message (Offline)

Ignore
1513532972
Reply with quote  #2

1513532972
Report to moderator
1513532972
Hero Member
*
Offline Offline

Posts: 1513532972

View Profile Personal Message (Offline)

Ignore
1513532972
Reply with quote  #2

1513532972
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513532972
Hero Member
*
Offline Offline

Posts: 1513532972

View Profile Personal Message (Offline)

Ignore
1513532972
Reply with quote  #2

1513532972
Report to moderator
chriswilmer
Legendary
*
Offline Offline

Activity: 1008


View Profile WWW
August 22, 2013, 04:06:53 PM
 #22

I am confused about the results of this auction. .. could you post a summary?
Transisto
Donator
Legendary
*
Offline Offline

Activity: 1731



View Profile WWW
August 23, 2013, 01:23:54 AM
 #23

I am confused about the results of this auction. .. could you post a summary?

fhh 10 3.33
gooesebumps 10 3.33
qzx881112 3 3.33
wonko 5 3.33
qzx881112 2 3.33
chriswilmer 40 3.38
fei_l 20 3.39
David Chen 10 3.4
bitdude 2 3.45
fhh 10 3.44


I have contacted everyone in private earlier today.

I tried yesterday but the bitcointalk forum had reliability issues.
chriswilmer
Legendary
*
Offline Offline

Activity: 1008


View Profile WWW
August 24, 2013, 04:30:59 PM
 #24

I am confused about the results of this auction. .. could you post a summary?

fhh 10 3.33
gooesebumps 10 3.33
qzx881112 3 3.33
wonko 5 3.33
qzx881112 2 3.33
chriswilmer 40 3.38
fei_l 20 3.39
David Chen 10 3.4
bitdude 2 3.45
fhh 10 3.44


I have contacted everyone in private earlier today.

I tried yesterday but the bitcointalk forum had reliability issues.

OK, so based on this it looks like I won 11 shares. Thanks.
mechs
Full Member
***
Offline Offline

Activity: 210



View Profile
August 24, 2013, 05:42:11 PM
 #25

I am confused about the results of this auction. .. could you post a summary?

fhh 10 3.33
gooesebumps 10 3.33
qzx881112 3 3.33
wonko 5 3.33
qzx881112 2 3.33
chriswilmer 40 3.38
fei_l 20 3.39
David Chen 10 3.4
bitdude 2 3.45
fhh 10 3.44


I have contacted everyone in private earlier today.

I tried yesterday but the bitcointalk forum had reliability issues.

OK, so based on this it looks like I won 11 shares. Thanks.
Too bad they are now trading for 2.35BTC each on btct and haverlock
Transisto
Donator
Legendary
*
Offline Offline

Activity: 1731



View Profile WWW
August 24, 2013, 06:30:42 PM
 #26

I apologize for the delays, i've been working full time on the bitcoin embassy for the last month,  back to my home town for a few days. I don't
fell like being stressed up with non-payment right now.

As of now only ffh and bitdude have paid their shares,  and Chriswilmer is counting on fei_l (7 post) bid to pay for less shares.
chriswilmer
Legendary
*
Offline Offline

Activity: 1008


View Profile WWW
August 24, 2013, 06:56:44 PM
 #27

... and Chriswilmer is counting on fei_l (7 post) bid to pay for less shares.


Isn't that how auctions work? If person A bids, and person B outbids person A, then person A is no longer under any obligation to pay unless he/she wants to raise their bid (and try to outbid person B). If person B (the auction winner) ends up deciding not to pay and violating the terms, that's unfortunate, but it's a matter between person B and the seller. Right? That's my understanding, what do other people think? This doesn't come up very often so I would be interested to hear what others think is proper auction etiquette.
Vycid
Sr. Member
****
Offline Offline

Activity: 294


♫ the AM bear who cares ♫


View Profile
August 24, 2013, 09:22:11 PM
 #28

... and Chriswilmer is counting on fei_l (7 post) bid to pay for less shares.


Isn't that how auctions work? If person A bids, and person B outbids person A, then person A is no longer under any obligation to pay unless he/she wants to raise their bid (and try to outbid person B). If person B (the auction winner) ends up deciding not to pay and violating the terms, that's unfortunate, but it's a matter between person B and the seller. Right? That's my understanding, what do other people think? This doesn't come up very often so I would be interested to hear what others think is proper auction etiquette.

I agree. The contract is between the winner of the auction only.

Imagine if a guy went to a rare art auction, bid $2M on a painting and lost. So he wandered to the next auction, and won for $2.5M, all the money he had allocated.

It would be completely unacceptable if the first auction came after him for that $2M as well.

bclcjunkie
Hero Member
*****
Offline Offline

Activity: 815



View Profile
August 25, 2013, 02:58:59 AM
 #29

your thinking is correct. person A is not obligated to wait for B's bid to fall through unless A privately conveyed his or her intention to take that spot and the seller has agreed to that.. but to make things simpler start the auction over for the remaining shares and be done with it...

on another note why bother with all these auctions when you can put in your bid, catch the bottom at https://btct.co/security/ASICMINER-PT and get them transferred to you? the last lowest price was 2.251 per share... Smiley there's probably even more correction to come now that competition offers much better investment options(hosting, cheaper hardware and etc)...

... and Chriswilmer is counting on fei_l (7 post) bid to pay for less shares.


Isn't that how auctions work? If person A bids, and person B outbids person A, then person A is no longer under any obligation to pay unless he/she wants to raise their bid (and try to outbid person B). If person B (the auction winner) ends up deciding not to pay and violating the terms, that's unfortunate, but it's a matter between person B and the seller. Right? That's my understanding, what do other people think? This doesn't come up very often so I would be interested to hear what others think is proper auction etiquette.
Bitcoin Embassy
Newbie
*
Offline Offline

Activity: 17


View Profile WWW
August 25, 2013, 09:57:13 PM
 #30

your thinking is correct. person A is not obligated to wait for B's bid to fall through unless A privately conveyed his or her intention to take that spot and the seller has agreed to that.. but to make things simpler start the auction over for the remaining shares and be done with it...

on another note why bother with all these auctions when you can put in your bid, catch the bottom at https://btct.co/security/ASICMINER-PT and get them transferred to you? the last lowest price was 2.251 per share... Smiley there's probably even more correction to come now that competition offers much better investment options(hosting, cheaper hardware and etc)...

... and Chriswilmer is counting on fei_l (7 post) bid to pay for less shares.


Isn't that how auctions work? If person A bids, and person B outbids person A, then person A is no longer under any obligation to pay unless he/she wants to raise their bid (and try to outbid person B). If person B (the auction winner) ends up deciding not to pay and violating the terms, that's unfortunate, but it's a matter between person B and the seller. Right? That's my understanding, what do other people think? This doesn't come up very often so I would be interested to hear what others think is proper auction etiquette.
I see a problem arising when some nobody make a bid (and cancel it 5 min afterward).

One could create a fake account for invalidating it's own bid.

I should have added more terms to my auction.

1EMBASSYyhoYZiv1cHFpPRM5fnSXk6C7Gp
Transisto
Donator
Legendary
*
Offline Offline

Activity: 1731



View Profile WWW
August 25, 2013, 09:58:14 PM
 #31

Facepalm ... wrong account ...
chriswilmer
Legendary
*
Offline Offline

Activity: 1008


View Profile WWW
August 26, 2013, 02:44:05 AM
 #32

Facepalm ... wrong account ...

Haha, it's almost as if you were proving a point!

I agree with you though, the auction system here has weaknesses. One way around the "fake-account-to-outbid-yourself" strategy might be to state, in the rules of the auction, that only forum members with activity above a certain threshold are allowed to bid. *shrugs*
bitdude
Sr. Member
****
Offline Offline

Activity: 266


View Profile
August 26, 2013, 06:36:24 AM
 #33

Either people are honest or not. Yes, the price is much lower now, but I will honor my bid and pay for it. Every person doing something else will sooner or later go broke, because they do not know how to make the business anyway. And since we all know the drop in price is just because that guy who sold 2000+ AM shares for 2.3 BTC when the market price was 3.4 BTC, it is quite likely that the price will climb up again in few weeks.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!