FAIL AUCTION Avalon Asic Batch 2 | Bitcointalksearch.org

data_teks

full member

Activity: 267

Merit: 101

Quote from: Exocyst on May 25, 2013, 12:33:02 AM

titomane,

Just watch the delivery dates on the device and the Network Hash rate/difficulty level--you may not feel so bad about this in a few months. There's a smallish possibility that you may not have recouped your substantial investment of 175BTC. Just hope for the best (or worst) depending on whether your holding mining power. If you are really desperate to burn 175BTC for some hashing power? Buy 75 ASIC miner shares on a passthrough and you'll yield about 1-2.5BTC/week in dividends. Watch your coins grow through dividends and share price and sell out if you line up some hash power at a reasonable price.

-Exo

I agree; this was probably a blessing in disguise as there are better ways to spend that much BTC for investing. Of course the real winner here is Tysat, making a good profit off his investment.

Exocyst

sr. member

Activity: 266

Merit: 250

Science!

titomane,

Just watch the delivery dates on the device and the Network Hash rate/difficulty level--you may not feel so bad about this in a few months. There's a smallish possibility that you may not have recouped your substantial investment of 175BTC. Just hope for the best (or worst) depending on whether your holding mining power. If you are really desperate to burn 175BTC for some hashing power? Buy 75 ASIC miner shares on a passthrough and you'll yield about 1-2.5BTC/week in dividends. Watch your coins grow through dividends and share price and sell out if you line up some hash power at a reasonable price.

-Exo

tysat

legendary

Activity: 966

Merit: 1004

Keep it real

Quote from: titomane on May 23, 2013, 06:05:34 AM

there is a small difference that you give importance. When I find another vendor and attempt to negotiate with the seller, I communicated to Tysat. It's the least in a business of $ 20,000.
But when another client has tysat not tell me until he sent the contract. But not only that, if you had completed the purchase. Why do not you write in the post auction?

Once the transaction was confirmed I posted in my auction thread that it was over. I waited till I was sure the transaction was going through, which I did after John K sent out the signed escrow contract.

titomane

sr. member

Activity: 389

Merit: 250

there is a small difference that you give importance. When I find another vendor and attempt to negotiate with the seller, I communicated to Tysat. It's the least in a business of $ 20,000.
But when another client has tysat not tell me until he sent the contract. But not only that, if you had completed the purchase. Why do not you write in the post auction?

shibaji

full member

Activity: 308

Merit: 102

Quote from: tysat on May 22, 2013, 03:32:46 PM

Quote from: titomane on May 22, 2013, 11:53:32 AM

Do not forget you he takes me to accept my offer more than 24 hours. Also to send the contract took more than 24 hours. But if I have a problem and reply within 24 hours, I've done wrong.

(All dates and times are EST)

When you offered I answered saying I'd have to think about it and get back to you later that night.

It did take me longer than I thought, first responded May 18 7:30 AM, told you on May 19 8:30 AM that I accepted the offer and would get a contract drawn up.

You then told me that your offer was contingent on another offer you had not going through, and I said that I'd keep the auction going for now.

The contract was provided on May 20 11:00 AM (after you said you would buy it).

I hadn't heard anything from you till May 21 12:30 PM, at which point I'd taken the new offer.

Anyways, I'm the seller. I can chose not to sell to you if the contract hasn't been executed, which it hasn't. I'm not sure why you're making such a big deal out of this. You moved too slowly.

This is all that you need to know, OP.

tysat

legendary

Activity: 966

Merit: 1004

Keep it real

Quote from: titomane on May 22, 2013, 11:53:32 AM

Do not forget you he takes me to accept my offer more than 24 hours. Also to send the contract took more than 24 hours. But if I have a problem and reply within 24 hours, I've done wrong.

(All dates and times are EST)

When you offered I answered saying I'd have to think about it and get back to you later that night.

It did take me longer than I thought, first responded May 18 7:30 AM, told you on May 19 8:30 AM that I accepted the offer and would get a contract drawn up.

You then told me that your offer was contingent on another offer you had not going through, and I said that I'd keep the auction going for now.

The contract was provided on May 20 11:00 AM (after you said you would buy it).

I hadn't heard anything from you till May 21 12:30 PM, at which point I'd taken the new offer.

Anyways, I'm the seller. I can chose not to sell to you if the contract hasn't been executed, which it hasn't. I'm not sure why you're making such a big deal out of this. You moved too slowly.

shibaji

full member

Activity: 308

Merit: 102

Quote from: BadBear on May 22, 2013, 10:45:20 AM

I can see why you might feel slighted, but I agree with ixne. Your word that you would buy it means very little, until you've flashed the cash or signed a contract.

Quote from: ixne on May 22, 2013, 06:06:25 AM

Common to wait in the middle of an auction? I'd say it's first paid, first served for a buy now option - otherwise a bidder could put in a buy now option under an assumed account and string the seller along until the auction closes. In any case, unless the seller promises a certain amount of time to close I wouldn't expect my deal is safe until paid as a seller, and I wouldn't expect any promises from a seller unless the buyer has some credit to his name.

^^^ This +1000

As an active seller in craigslist and ebay, this is what it is. All the time. Period.

titomane

sr. member

Activity: 389

Merit: 250

Do not forget you he takes me to accept my offer more than 24 hours. Also to send the contract took more than 24 hours. But if I have a problem and reply within 24 hours, I've done wrong.

BadBear

legendary

Activity: 1652

Merit: 1128

I can see why you might feel slighted, but I agree with ixne. Your word that you would buy it means very little, until you've flashed the cash or signed a contract.

Quote from: ixne on May 22, 2013, 06:06:25 AM

Common to wait in the middle of an auction? I'd say it's first paid, first served for a buy now option - otherwise a bidder could put in a buy now option under an assumed account and string the seller along until the auction closes. In any case, unless the seller promises a certain amount of time to close I wouldn't expect my deal is safe until paid as a seller, and I wouldn't expect any promises from a seller unless the buyer has some credit to his name.

tysat

legendary

Activity: 966

Merit: 1004

Keep it real

Another thing, not sure if it's mentioned in the PM chain, I didn't take a higher offer I just went to someone who was being very responsive.

tysat

legendary

Activity: 966

Merit: 1004

Keep it real

TL;DR - I sent a contract proposal to him, didn't hear anything for 24 hours, got another offer, finalized that one within just a few hours.

My assumption was that he lost interest, he's only been registered on the forums for a week so I wasn't taking him super serious. Plus it's not like I sent the contract and as soon as he says accept it was on, contract needed to be sent out by John K and both sides needed to accept.

Sorry I didn't tell you I took another offer OP, that's the only mistake (I think) I made.

ixne

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Activity: 211

Merit: 101

Quote from: starsoccer9 on May 22, 2013, 05:53:27 AM

id have to side with the OP here. It is common courtesy to wait longer then 24 hours. I will usually do 72 hours. Things do pop up in life where you cant respond to a message or email.I do see tysat point of view that he didnt respond in 24 hours but its still really isnt an excuse. If he would of just sent an offer and no go into contract deals maybe I would see it fair, but you even went and did the contracts already

Common to wait in the middle of an auction? I'd say it's first paid, first served for a buy now option - otherwise a bidder could put in a buy now option under an assumed account and string the seller along until the auction closes. In any case, unless the seller promises a certain amount of time to close I wouldn't expect my deal is safe until paid as a seller, and I wouldn't expect any promises from a seller unless the buyer has some credit to his name.

ixne

full member

Activity: 211

Merit: 101

Quote from: titomane on May 22, 2013, 05:29:04 AM

It was the first, and no contact to cancel the operation, and right after sending the contract. Announced in the post I already closed the auction.
if he had sold it did not publish. I would understand if he had posted on the forum that was sold earlier. If it seems normal to have opened an auction when it is sold.

If tysat didn't give you an explicit time limit on sending funds, you should assume that nothing is final until those funds were sent to escrow. I think you're failing to see things from tysat's side. You're a complete stranger here and can't just disappear in the middle of a big deal like this. People start new accounts here all the time just to troll or screw with people, which is why reputation matters a great deal. I think his last post is exactly right, it would have been good form for tysat to let you know he was selling to someone else, but your sketchy behavior would lead anyone who's on this forum to believe that you weren't authentic.

starsoccer9

legendary

Activity: 1630

Merit: 1000

Quote from: titomane on May 22, 2013, 01:42:11 AM

Hello

Do not consider it a scam, but it is a very strange way of managing an auction with option to buy. But though we see that TYSAT is a member hero.

I just hope that you read and to read your opinion.

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Thanks for reading the pain

id have to side with the OP here. It is common courtesy to wait longer then 24 hours. I will usually do 72 hours. Things do pop up in life where you cant respond to a message or email.I do see tysat point of view that he didnt respond in 24 hours but its still really isnt an excuse. If he would of just sent an offer and no go into contract deals maybe I would see it fair, but you even went and did the contracts already

titomane

sr. member

Activity: 389

Merit: 250

Quote from: shibaji on May 22, 2013, 03:04:47 AM

I do not see any problem here at all. In the chain of messages, I have seen doubtful steps from your side twice:

1. You stall your current offer to go after a batch 1, and say you will buy from tysat only if that does not go through
2. You disappear for a day after the contract has been drawn

Given above, anyone will take any other offer, and not wait for you, particularly when the contract has not been signed.

In real world cases, it is always first come first serve, and the trump card is always with the seller - who can refuse to sell at any point. Similarly, buyer can refuse/back out any time with reason.

Case dismissed.

It was the first, and no contact to cancel the operation, and right after sending the contract. Announced in the post I already closed the auction.
if he had sold it did not publish. I would understand if he had posted on the forum that was sold earlier. If it seems normal to have opened an auction when it is sold.

one4many

hero member

Activity: 516

Merit: 500

Quote from: shibaji on May 22, 2013, 03:04:47 AM

I do not see any problem here at all. In the chain of messages, I have seen doubtful steps from your side twice:

1. You stall your current offer to go after a batch 1, and say you will buy from tysat only if that does not go through
2. You disappear for a day after the contract has been drawn

Given above, anyone will take any other offer, and not wait for you, particularly when the contract has not been signed.

In real world cases, it is always first come first serve, and the trump card is always with the seller - who can refuse to sell at any point. Similarly, buyer can refuse/back out any time with reason.

Case dismissed.

I second that ... completely your own fault. I would BL you if I would be a seller of some things.

shibaji

full member

Activity: 308

Merit: 102

I do not see any problem here at all. In the chain of messages, I have seen doubtful steps from your side twice:

1. You stall your current offer to go after a batch 1, and say you will buy from tysat only if that does not go through
2. You disappear for a day after the contract has been drawn

Given above, anyone will take any other offer, and not wait for you, particularly when the contract has not been signed.

In real world cases, it is always first come first serve, and the trump card is always with the seller - who can refuse to sell at any point. Similarly, buyer can refuse/back out any time with reason.

Case dismissed.

titomane

sr. member

Activity: 389

Merit: 250

Hello

Do not consider it a scam, but it is a very strange way of managing an auction with option to buy. But though we see that TYSAT is a member hero.

I just hope that you read and to read your opinion.

Thanks for reading the pain

Topic: FAIL AUCTION Avalon Asic Batch 2 (Read 1645 times)