[AUCTION] 50x ASICMINER direct shares (end: 2013-11-01 20:00 UTC)

[dexX7]

Hi all,

this is an auction for 50 (fifty) ASICMINER direct shares.


ThickAsThieves acts as escrow and I will cover all escrow fees.

The share transfer to the winner(s) will be initiated by ThickAsThieves after a succecssful payment.

Please submit a Bitcoin wallet address and email address. Those will be forwarded to friedcat.

The winner must pay within 48 hours after the auction has ended.


Starting bid is 0.7 Bitcoin per share with a bid increment of 0.01 Bitcoin.

Please use the format <number_of_shares> @ <bid_price> - for example: "40 @ 0.92 Bitcoin".

This auction ends on Friday, 01 Novembre 2013 at 20:00 UTC.




All bids are binding.


Cheers and happy bidding!

[ThickAsThieves]

Just confirming dexX7 has the shares, and that I will be escrowing the coins, and pushing the shares for him once the auction is over.

[CanaryInTheMine]

Let's kick this off!!
50 @ .70

[stslimited]

50 @ .72

[Kouye]

5 @ 0.75

[dexX7]

Current highest bids:

Kouye	5 @ 0.75
stslimited	45 @ 0.72

Good luck!

[CanaryInTheMine]

Looks like the timer pic is now a banner ad LOL

[dexX7]

Looks like the timer pic is now a banner ad LOL

Probably a very clever move..

I couldn't find a graphical countdown, but here is a website:

http://www.timeanddate.com/countdown/to?year=2013&month=11&day=1&hour=20&min=0&sec=0&p0=1440&msg=AM%20AUCTION%20END

The auction ends on Friday, 01 November 2013 at 20:00 UTC.

[Kouye]

Errr, even the "sample" timer from sticky post has been changed to weird, cute picture.
This probably requires a ban and a sticky droped and/or replaced.

Thanks for the quick alt counter dex.
I'll report my own post so mods take action about this.

[stslimited]

I'll be unable to acquire the required amount of bitcoin in this time period, sorry.

[CanaryInTheMine]

I guess the whole business of "binding" is just a joke here with 0 repercussions...

[stslimited]

I guess the whole business of "binding" is just a joke here with 0 repercussions...

coinbase killed instant and other funds are in currently illiquid stocks

so the 48 hour thing is impossible since it'll take nearly 7 actual days to get the bitcoins

[dexX7]

so the 48 hour thing is impossible since it'll take nearly 7 actual days to get the bitcoins

It is your responsibility to ensure that there are enough available funds before placing a bid. Honoring terms and conditions and the liability that comes with a bid are key principles for every auction, especially when time is critical and the value of goods is volatile. Your retreat has immediate and significant consequences and therefore I left you a negative trust rating, which I may revoke, if come up with an adequate compensation, and encourage others to do likewise.


This is very unfortunate now.

CanaryInTheMine's was completely outbidded by stslimited and Kouye's decision was based on previous bids.

I didn't preconceive such a scenario when I created the auction terms, so there is no basis to act upon and I offer to retract those two bids.

For the ease of the auction I consider those bids as no-bids and encourage all participants to place a new bid or to confirm the old bid, if desired.

All terms of the original post still apply.

[stslimited]

so the 48 hour thing is impossible since it'll take nearly 7 actual days to get the bitcoins

It is your responsibility to ensure that there are enough available funds before placing a bid. Honoring terms and conditions and the liability that comes with a bid are key principles for every auction, especially when time is critical and the value of goods is volatile. Your retreat has immediate and significant consequences and therefore I left you a negative trust rating, which I may revoke, if come up with an adequate compensation, and encourage others to do likewise.


This is very unfortunate now.

CanaryInTheMine's was completely outbidded by stslimited and Kouye's decision was based on previous bids.

I didn't preconceive such a scenario when I created the auction terms, so there is no basis to act upon and I offer to retract those two bids.

For the ease of the auction I consider those bids as no-bids and encourage all participants to place a new bid or to confirm the old bid, if desired.

All terms of the original post still apply.

Yeah, I'm too illiquid right now in bitcoin, blame the various infrastructure problems in the securities market, coinbase, etc. I posted as soon as I realized it would be impossible to adhere to the 48 hour terms. Hadn't kept up with coinbase's liquidity problems. I know you are familiar with these issues so thats the best I can do on this matter, and apologize.

To clarify, are you encouraging others to give me a negative trust rating? I'm obligated to be defensive about that, the aforementioned reasons are why. I have other and larger trades and traders to vouch for me.

[dexX7]

I saw your previous trades. It seems to be an unfortunate situation for you, too and I'm very sorry on a personal level, if this is the case, but the "who is to blame" doesn't change the situation, because what's important is the "who takes the responsibility" and this is you, from my point of view. Furthermore I think the consequences and their actual degree have little to no relevance in this matter. I don't criticize the failure of being unable to secure enough coins, but the violation of a basic principle of an auction, namely not honoring binding bids. There is no groundwork to handle these things and also no body like the MPEx Rota (which was in theory a great idea), so the way I responded is, based on my opinion, appropriate. You are competetly free to agree or disgree and it's up to you what you do or not do and this also applies to anyone else. Please note that it's of course not my intention to create avoidable conflicts and I'm open to discuss this further.

[Kouye]

CanaryInTheMine's was completely outbidded by stslimited and Kouye's decision was based on previous bids.
[...]
For the ease of the auction I consider those bids as no-bids and encourage all participants to place a new bid or to confirm the old bid, if desired.

Ok...
5 @ 0.70

[dexX7]

Approximately two more hours to go:

http://www.timeanddate.com/countdown/to?year=2013&month=11&day=1&hour=20&min=0&sec=0&p0=1440&msg=AM%20AUCTION%20END

Current highest bids:

Kouye

5 @ 0.7

[souspeed]

5 @ 0.70

[souspeed]

Auction finished.

[dexX7]

Aaand the winners are:

Kouye	5 @ 0.7
souspeed	5 @ 0.7

Gratulations!

I informed ThickAsThieves, he should appear soon with further instructions.