## 10 ASICMINER DIRECT SHARES - 7 DAY AUCTION ##

[therustytrombone]

You could use escrow up to the point where you sent an email to friedcat (putting buyer and escrow in cc) explicitly stating that the deal is irreversible. That way you dont have to wait weeks for your coin, and the buyer at least has some security.

I would definitely be up for this type, thanks very much for the suggestion.  I quickly thought of something along these lines but didn't think people would be interested.

[dhenson]

I've done transfers in this way with the seller signing the pm with the am share public address. Fc has always honored the transfer.

[willBTC]

10@0.15

[lophie]

10@0.15

Did you notice mine at 10@1.19?

[spartan82]

10@0.15

Did you notice mine at 10@1.19?

10@0.19 if you get us an escrow that you would pay yourself. Someone KNOWN please not a joe bitcent smith.

Fine, your bid is invalid.  You bid outside of the rules (bidding with clauses  ). 

Let's resume the bidding at:

10@ .14

Apparently your bid was invalid because you requested escrow. Ridiculous but seller seems to want the funds direct

[AcoinL.L.C]

10@0.15

You actually plan on bidding?
https://bitcointalk.org/index.php?action=trust;u=175989

Got a nice neg feedback there for backing out of purchasing AM shares in an auction before

[therustytrombone]

10@0.15

Did you notice mine at 10@1.19?

10@0.19 if you get us an escrow that you would pay yourself. Someone KNOWN please not a joe bitcent smith.

Fine, your bid is invalid.  You bid outside of the rules (bidding with clauses  ). 

Let's resume the bidding at:

10@ .14

Apparently your bid was invalid because you requested escrow. Ridiculous but seller seems to want the funds direct

It's not ridiculous when you think about it.  I'm selling a long-term investment because I need emergency funds now (I wasn't planning on selling these for a good while).  I need the coins now and the AM auction bidder is looking for a longer-term investment in direct AM shares.  Why would I lock the coins up for an undecided amount of time, when I need them?  The shares are meant to be a longer-term investment, so it's not too much of a worry if friedcat doesn't transfer then right away, you would still be getting the dividends in the meantime sent over anyway.

Also, lophie just assumed the seller would pay for an escrow service... that he wants to use?  How would that ever make sense?    I only invalidated his bid because he made the bid with stipulations that aren't applicable to this auction.

WillBTC, I see you have negative feedback regarding direct AM share auctions.  Please do not bid unless you are making a 100% commitment to purchase if you are the winner.


I am up for using an escrow based on e-mail to friedcat being the action that releases the escrow funds, like mentioned earlier in this thread.  I will see if SebastianJu will foster this type of escrow, since I blatantly stole his auction template. 

[spartan82]

Lol you're a good man, ill be back towards the end of the auction to place a bid dependent on how it's going by that stage

[dhenson]

So... am I still leading with 10@ .14? This is starting to be confusing.

[spartan82]

So... am I still leading with 10@ .14? This is starting to be confusing.

I'm assuming lophie is in the lead with 10@0.19 pending acceptance of escrows conditions to the auction. I'm kinda confused too. I'm sure op will clarify and Sebastian will post in the thread once he's contacted with certain terms

[lophie]

So... am I still leading with 10@ .14? This is starting to be confusing.

I'm assuming lophie is in the lead with 10@0.19 pending acceptance of escrows conditions to the auction. I'm kinda confused too. I'm sure op will clarify and Sebastian will post in the thread once he's contacted with certain terms

It is okay if he will invalid my bid because I already have a seller for a 100 shares that would use if not insist on SebastianJu as escrow.

[willBTC]

10@0.15

Did you notice mine at 10@1.19?

Sorry，I don't see you bids. And by the way, my offer is only valid when the escrow is accepted.

[Swimpool]

Wait 1 week and they will probably be cheaper to obtain from Havelock.  You guys are bidding .19 (same as Havelock) why take the risk and not just buy directly?

[lophie]

Wait 1 week and they will probably be cheaper to obtain from Havelock.  You guys are bidding .19 (same as Havelock) why take the risk and not just buy directly?

I don't know about them but I just got a hundred shares. There is no way to get them cheaper because of no selling volume and there is no way to sell them higher because of  no buying volume.

This is why everyone buying or selling big is avoiding Havelock. There were suggestions of merging AM1 and AM100 for a better trading activity, I am very in favor of this.

[therustytrombone]

SebastianJu replied that he can foster the escrow, even though it's outside of his normal method.  He states the buyer still may retain some risk due to the fact that I could send a second e-mail to friedcat attempting to cancel the share transfer.

Here are the conditions of the escrow for this auction:

After the auction:

• Winning bidder sends coins to escrow SebastianJu upon verified auction win.

Then, upon receipt of the coins by the escrow, SebastianJu:

• Seller (me) sends a signed e-mail requesting share transfer to friedcat, the auction winner, and the escrow (SebastianJu).

If you can't agree with these terms, please do not bid.

[therustytrombone]

Let's resume the bidding at:

10@0.15

Since, I am offering escrow, it seems willBTC would like to keep his bid.

[therustytrombone]

SebastianJu replied that he can foster the escrow, even though it's outside of his normal method.  He states the buyer still may retain some risk due to the fact that I could send a second e-mail to friedcat attempting to cancel the share transfer.

Here are the conditions of the escrow for this auction:

After the auction:

• Winning bidder sends coins to escrow SebastianJu upon verified auction win.

Then, upon receipt of the coins by the escrow, SebastianJu:

• Seller (me) sends a signed e-mail requesting share transfer to friedcat, the auction winner, and the escrow (SebastianJu).

If you can't agree with these terms, please do not bid.

Just to be 100% clear, the coins from the escrow will be released upon receipt of share transfer e-mail.  Once again if you do not agree, please stay on the sidelines, that's all I ask.

[willBTC]

clear

[therustytrombone]

I received a private messaging asking whether I meant if the coins will be sent upon receipt of me sending the share transfer message, or upon friedcat's response.

Like previously discussed, the escrow will be released when I send the share transfer message to friedcat, SebastianJu (escrow), and the winner.

Thanks!

[willBTC]

I received a private messaging asking whether I meant if the coins will be sent upon receipt of me sending the share transfer message, or upon friedcat's response.

Like previously discussed, the escrow will be released when I send the share transfer message to friedcat, SebastianJu (escrow), and the winner.

Thanks!

no，it's still high risk for the buyer. The bitcoins will be released after Friedcat's confirmation, that make the sense.