*Closed all day* Coinye/COYE<->BTC fixed exchange (.1BTC/mil)

[Kluge]

Hodling today while market prices are low.

Haven't seen this before. Thought it might be a fun experiment. 50% of profits will be reserved for something altruistic in COYE space.

Valuing COYE @ .15BTC/mil, or .00000015BTC/COYE. You always send first.

Sell COYE @  .14BTC/mil (250K min order)
Buy COYE @ .16BTC/mil (250K min order)


Reserves:
1.5M COYE
0.358 BTC

[nautfoxx]

Will you buy 200k COYE at 0.05BTC?

[Kluge]

Let's call it a "soft fixed rate." To move price, all stock of either coin must be sold out. Someone must then place an outstanding order .005 or more above or below the last ask or bid for a coin which no longer has reserves.

For example, there is currently 500K COYE in reserve. If someone buys them all, then places an outstanding order for, say, 5M COYE @ BTC.18/mil, the "fixed" price will move to BTC.17/mil with the same spread (BTC.16 sell, BTC.18 buy). Any outstanding orders beyond this must exceed the previous outstanding order by at least BTC.005. To help minimize manipulation and wasting my time, an outstanding order requires a 100% deposit. The deposit will be refunded in full if it is not at least partially filled within 12h.

[Zombie123]

No This is a fixed exchange.

Ok I will sell 300K for .0533333333BTC let me know how to proceed

[Kluge]

Will you buy 200k COYE at 0.05BTC?

No. BTC.028

[Kluge]

No This is a fixed exchange.

Ok I will sell 300K for .0533333333BTC let me know how to proceed

BTC0.042

[nautfoxx]

Sorry I won't go under 0.05BTC for 200k

[Zombie123]

Ok I will start this .042 for 300K  PM me details

[paperboy11]

i have 100k to sell please pm me for detail

[nautfoxx]

Will you buy 200k COYE at 0.05BTC?

No. BTC.028

Screw it alright 200k for 0.028BTC

[Kluge]

Yay. First went off without a hitch. Will do transactions openly in this thread to help minimize PM clutter. (no offense!)

Will you buy 200k COYE at 0.05BTC?

No. BTC.028

Screw it alright 200k for 0.028BTC

Sure thing. Can receive @ 5pxXvyCxUGVjRhWGSAMzm1EZQ59HATYeUP
BTC addr?

[paperboy11]

i have 100k to sell please pm me for detail

ready when you are if you wanna make the deal please .015 for the 100k

[Zombie123]

I hope you get some Buyers too.. as this seems fun experiment lol

[Kluge]

i have 100k to sell please pm me for detail

ready when you are if you wanna make the deal please .015 for the 100k

To sell, price is BTC.14/mil so I can make out like a bandit.
To buy, price is BTC.16/mil for the same reason.

If that sounds good, would pay BTC.014 for the 100K sent to 5fPcLEEgCMzK1qj8udsWLakCaKAtPmEuQG

BTC addr?

[nautfoxx]

Yay. First went off without a hitch. Will do transactions openly in this thread to help minimize PM clutter. (no offense!)

Will you buy 200k COYE at 0.05BTC?

No. BTC.028

Screw it alright 200k for 0.028BTC

Sure thing. Can receive @ 5pxXvyCxUGVjRhWGSAMzm1EZQ59HATYeUP
BTC addr?

1D4tbzBKJ84zNNr9c6X4ESc6whSBRjmCCT << BTC Address. Do you have an escrow or how does this work?

[Kluge]

Yay. First went off without a hitch. Will do transactions openly in this thread to help minimize PM clutter. (no offense!)

Will you buy 200k COYE at 0.05BTC?

No. BTC.028

Screw it alright 200k for 0.028BTC

Sure thing. Can receive @ 5pxXvyCxUGVjRhWGSAMzm1EZQ59HATYeUP
BTC addr?

1D4tbzBKJ84zNNr9c6X4ESc6whSBRjmCCT << BTC Address. Do you have an escrow or how does this work?

I request you send first since I think I have enough established reputation to float BTC.028 for the duration of about a minute. I'd like to get and keep this fast-moving and not involve escrow, though I'd be open to an automated escrow service if you pay the fee.

[nautfoxx]

I would like an escrow service though I cannot afford a fee. I am willing to do this in increments if you are to go first.

[Kluge]

I would like an escrow service though I cannot afford a fee. I am willing to do this in increments if you are to go first.

No.

[paperboy11]

my btc addy :1KkTbRA71Sd9EcRHMX8GfjUaoYTEUNzvDQ
i will post transaction details once this dumb wallet syncs

[Zombie123]

I would like an escrow service though I cannot afford a fee. I am willing to do this in increments if you are to go first.

no need for escrow he is trusted i just did the tran