[AUCTION] 42 ASICMINER direct shares - page 2.

person

sr. member

Activity: 315

Merit: 250

Quote from: shawshankinmate37927 on October 25, 2013, 01:16:00 PM

Quote from: souspeed on October 25, 2013, 06:36:13 AM

If in a worst case scenario the share price falls with more then 50%, the winning bidder is obligated to watch his investment crumble and does not even have an option to react within these 48 hours. Huh

If the share price were to suddenly drop more than 50% there's a good chance the winning bidder would disappear from the forums forever or come back a week or two later with some excuse saying they were kidnapped, arrested, in the hospital, or something. Not saying I would condone that, just that it could happen.

Or you can just keep outbidding yourself forever, every 48h, to ensure the auction never ends...

cyclops

legendary

Activity: 1162

Merit: 1001

[email protected] Demon!

CanaryInTheMine

donator

Activity: 2352

Merit: 1060

between a rock and a block!

[email protected]

cyclops

legendary

Activity: 1162

Merit: 1001

1 @ .664

shawshankinmate37927

hero member

Activity: 854

Merit: 1000

Bitcoin: The People's Bailout

1 @ .664

BitCsByBit

sr. member

Activity: 252

Merit: 250

I'm still waiting for a signed message.

shawshankinmate37927

hero member

Activity: 854

Merit: 1000

Bitcoin: The People's Bailout

Quote from: souspeed on October 25, 2013, 06:36:13 AM

If in a worst case scenario the share price falls with more then 50%, the winning bidder is obligated to watch his investment crumble and does not even have an option to react within these 48 hours. Huh

If the share price were to suddenly drop more than 50% there's a good chance the winning bidder would disappear from the forums forever or come back a week or two later with some excuse saying they were kidnapped, arrested, in the hospital, or something. Not saying I would condone that, just that it could happen.

souspeed

full member

Activity: 154

Merit: 1000

Fica Tranquilo

I was interested, but the auction settings provide a sure gain for the seller.

When the share price rises there will always be someone bidding close to the current price with a 48 hour time window.

And once the share price falls nobody will bid anymore, and the seller locks in the difference.
He can even opt to buy new shares for a lower price immediately and take the profit.

Smart auction of the seller, but I will never participate in an auction with these settings anymore.

If in a worst case scenario the share price falls with more then 50%, the winning bidder is obligated to watch his investment crumble and does not even have an option to react within these 48 hours. Huh

BitCsByBit

sr. member

Activity: 252

Merit: 250

42 @ 0.663

Let's see how long this auction goes for.

dxxw

newbie

Activity: 35

Merit: 0

42 @ 0.662

shawshankinmate37927

hero member

Activity: 854

Merit: 1000

Bitcoin: The People's Bailout

16 @ 0.661

gyverlb

hero member

Activity: 896

Merit: 1000

42 @ 0.66 same conditions than my previous bid

Landstander

member

Activity: 68

Merit: 10

20 @ 0.653

souspeed

full member

Activity: 154

Merit: 1000

Fica Tranquilo

5 @ 0.653

gyverlb

hero member

Activity: 896

Merit: 1000

OK, I understand now, thanks.

My bid : 42 @ 0.652

If I win some shares, I'll send payment after public signature of the following text in this thread with 18CoGAeLJzwG3iLkBj1vARYDWW7eC7qUQ1:

I will ask friedcat to transfer ASICMINER shares hold by 18CoGAeLJzwG3iLkBj1vARYDWW7eC7qUQ1 to after payment of BTC to due before

Where the actual values would be:

n : what I would win in this auction if any,
address1 : provided by me after confirmation of auction results,
amount : what I would have to pay for the shares,
address2 : payment address provided by Namworld,
date : both a time limit for buyer payment and a protection against replay attack (for the seller).

Namworld

hero member

Activity: 745

Merit: 501

Quote from: gyverlb on October 22, 2013, 11:40:47 AM

I have trouble following the dividend payments identifying an address controlling ASICMINER shares.

18CoGAeLJzwG3iLkBj1vARYDWW7eC7qUQ1 only received 2 payments since 2013-04-05 on 2013-10-16 and 2013-10-09. If it's the address associated with the shares why didn't it received dividends before 2013-10-09?

1Namjies9JeJ4ugCzjkAj6dbaWrtjAFKCk recently received regular payments on Mondays, this doesn't match Wednesday payments from friedcat.

Which address is associated to these shares currently? Since when? From where/whom were the shares transferred to the current address then?

1Namjies9JeJ4ugCzjkAj6dbaWrtjAFKCk is receiving payments on mondays from Teramining

18CoGAeLJzwG3iLkBj1vARYDWW7eC7qUQ1 is the address I have on file with friedcat. I received 42 direct shares 2 weeks ago, hence the 2 payments, from a DMC redeem.

gyverlb

hero member

Activity: 896

Merit: 1000

Quote from: Namworld on October 19, 2013, 06:03:33 PM

Quote from: shawshankinmate37927 on October 19, 2013, 05:39:23 PM

Namworld, what BTC Address are these shares registered to? Can you sign a message with the private key from that address or have friedcat confirm that 42 shares are registered to you?

The address is my old GLBSE address for the closedown:
https://blockchain.info/address/18CoGAeLJzwG3iLkBj1vARYDWW7eC7qUQ1

Which has transfered almost all funds received to 1Namjies9JeJ4ugCzjkAj6dbaWrtjAFKCk
https://blockchain.info/tx/4cbbbccab7ee1dc93620f14cb3abcb5bfa02c4565c1497fdc140126ac9d7ac9e
https://blockchain.info/tx/5b74d286e3b7d64f6b1bcaa183c92f0aa5d25cbe844cd389ee5e06078be44d1b

Which is the bitcoin address associated with my OTC profile: http://bitcoin-otc.com/viewgpg.php?nick=Namworld

You will notice the two latest transactions are for the equivalent of 42 ASICMINER shares of payment received from ASICMINER's sending address.

Would you still like me to get a signature?

I have trouble following the dividend payments identifying an address controlling ASICMINER shares.

18CoGAeLJzwG3iLkBj1vARYDWW7eC7qUQ1 only received 2 payments since 2013-04-05 on 2013-10-16 and 2013-10-09. If it's the address associated with the shares why didn't it received dividends before 2013-10-09?

1Namjies9JeJ4ugCzjkAj6dbaWrtjAFKCk recently received regular payments on Mondays, this doesn't match Wednesday payments from friedcat.

Which address is associated to these shares currently? Since when? From where/whom were the shares transferred to the current address then?

aynstein

full member

Activity: 128

Merit: 100

Fortune favors the bold, and sometimes the bald.

Quote from: Namworld on October 22, 2013, 12:08:24 AM

I've done auctions with X after last bid ending and low minimum increment. They end relatively quickly regardless.

Rules stay as they are.

It's your auction... how about an expiring bid? Would that be an acceptable solution or is that not fair play?

Namworld

hero member

Activity: 745

Merit: 501

I've done auctions with X after last bid ending and low minimum increment. They end relatively quickly regardless.

Rules stay as they are.

aynstein

full member

Activity: 128

Merit: 100

Fortune favors the bold, and sometimes the bald.

Yeah, I agree about the never ending ...FYI I want to bid but I don't want to be liable for bids in a never ending auction .... Can we come up with some exit strategy?

Topic: [AUCTION] 42 ASICMINER direct shares - page 2. (Read 4589 times)