I cannot honestly say that I studied the fine print at the time I signed up. But I also don't give a shit. I've hardly put my financial statement at risk fucking around with what will very likely end up being a laughably overpriced trinket within a few months due to either a rise in BTC values or competition from more powerful devices. I stated '2.1-ish BTC' to allow for some flexibility.
Ha, on this I agree. I think it will be awhile, if ever till the device earns back the costs. I am mainly getting it as I have been doing some work with the merged mining clients on my laptop, and access to some hash power from my laptop would be a nice aid in testing.
My main objection is it being called escrow, which gives a false sense of what is being provided.
The escrow is not a traditional escrow where the funds are held before the goods arrive - it's an identity escrow. ( sort of this but minus the cryptos:
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.21.6420) I hold and verify Arklan's identity here so that he does not have to send this information to everyone on the list. The data would be held as a reserve against any unlikely problems arising on Arklan's side, and can be used to determine his location and everything for any litigation efforts if needed. Of course, I also verify that the package isn't being sent to some obscure PO box.
To turn this into a proper escrow, would friedcat be happy with proof of the funds being in the escrow account before shipping and then the private key to the address being provided to him when proof of end-user delivery has been provided?
You'd need to have 2 escrow addresses though, one for the actual cost of the hardware (to go to friedcat) and another for the fees...
also, i heard from one of the blade buyers. apparently there were no customs fees.
You have to declare a value on the package or declare it as a gift, so it would be interesting to know what was on the package's customs tag. That also decides the insured value. A gift has no value and if you send too many of them, customs might limit your ability to export.
yea, i asked, he didn't say. *shrug*
we're at 316 ordered right now. yay!
i'm going to get some sleep for a few hours. i'll update everything when i wake.
Friedcat declared the blades as 'Sample PCB's' and around a value of $76 if I'm not wrong for the recent auction. AFAIK only Russian and Polish buyers had any problems with the shipping due to their postal services - I had a Polish buyer PM me for the actual invoice to satisfy their overly zealous customs. Shipping to the states should not be a problem here.
When it's time, do we send the whole amount to 1FFyoorSfwQC15Xv7zNZ4Lv5yZcM6WFKuF because the top post also refers to: "fixed fee of 2% for this transaction, pre-paid to 1NB1KFnFqnP3WSDZQrWV3pfmph5fWRyadz".
Also, how does our street address get associated with our payment? Sorry for the dumb questions, but I've never done escrow before.
as to the bitcoin addresses: i'm not sure. i'll double check with john.
street addresses: when we start collecting money, i'll send everyone a pm on the forum with my email address and relevant info. you'll email me your street address and a confirmation of the transaction being sent to the designated address. when all money is collected, john will send it to friedcat, then when i get the miners i'll mail em out. once i know they have been received i'll delete the address holding emails.
tiger - slow? eh, not super speed, yea. but we're SO CLOSE.
Just send the fees and everything to the escrow address - the sentence above was an error as I used this contract for most of my escrow deals.
PS: I can speak about 4 Chinese dialects, Indonesian, Malay, Chinese and English (duh!)