Quote from: NoobMiner on March 03, 2013, 10:36:16 AM

Quote from: 420 on March 03, 2013, 09:26:09 AM

Quote from: NoobMiner on March 03, 2013, 09:20:14 AM

Per our discusssion via PM here's my contract offer....

You sell me an option to buy 2000 Litecoins at 10 cents U.S. per Litecoin for 9 months AND you send me 200 Litecoins (currently ~6.5c) to my wallet now.
in return I send you 1 Bitcoin to your wallet.

Completion of the contract would need to be done either in 4 batches of 500 for bitcoin at the market value (Mt.Gox) of Bitcoins on the day/time of contract redemption request by me or Paypal ($200 total, 2000 Litecoin x 10c) OR we would have to do the full amount via escrow with bitcoin or Paypal, escrow to be decided by us and if we can't come to agreement by a moderator/admin from Bitcointalk. I prefer the first option using Bitcoin as we can do it relatively quickly and require little trust on either of our parts since it only amounts to either of us trusting the other for $50 per transaction until we complete the total.

If you accept we need to exchange Wallet IDs via PM (my Litecoin wallet and your Bitcoin wallet).

Accepted, under conditions:

1. Payment to be paid with btc equivalent of value (at Mt. Gox/CoinLab price) or GOX USD or CoinLab if its switched by then

2. You send 1BTC first to my wallet address: 13qvP8vSEKPxLHXNPeHtCE4TGgZFaZU6am

3. Contract begins the day BTC received and therefore ends 9 months later on the same day of the month (including final day as last day to purchase LTC at contract price) this should be in December then

4. Send in 4 parts is fine if you send first as you are the purchaser

Sounds like we have a deal... final terms...

1. Noobminer sends 1 Bitcoin to 420s address 13qvP8vSEKPxLHXNPeHtCE4TGgZFaZU6am

2. In return Noobminer gets a 9 month option contract to purchase 2000 Litecoins at 10 cents U.S. AND immediately recieve 200 Litecoins in his wallet LdK2Zx2tGFcABc3b2GdHZKGq2vtvUTpFXu

3. Contract begins the day BTC received and therefore ends 9 months later on the same day of the month (including final day as last day to purchase LTC at contract price) this should be in December then

4. Payment to redeem the contract to be paid with btc equivalent of value $200 total (200 Litecoins x 10 cents) (at Mt. Gox/CoinLab price) or GOX USD or CoinLab if its switched by then on the day/time that a redemption request is made by Noobminer in this thread (if thread is still extant or by e-mail or other means.

5. Completion of the contract will be done in 4 transfers of Noobminer's Bitcoin (per #4) of $50 U.S. transferred to Member 420's chosen Bitcoin address followed by 420 sending 500 Litecoins to Noobminer's chosen Litecoin address, process to repeat 4 times until contract is complete.

Agreed to by Noobminer

Agreed as well