Quote from: Peter Lambert on May 06, 2013, 07:06:08 PM

Quote from: bitcoin_bob on May 06, 2013, 06:50:13 PM

However if Bitcoin crashed during this time my GF would be left with nothing and the other person a free house. So it would have to be done at speed- the document would need to be basically prepped and sent within days which would be possible.

You are having an auction in bitcoin, if bitcoins crash to 1$ today, would you still honor the auction and sell the house to the highest bidder (curretly 35 btc)?

in the spirit of auctions yes, if a property were sold in dollars and it crashed or yen or pounds, then its just the way life goes.

However to be perfectly honest I am hedging my bets on the short term prospects of bitcoin and want to play the markets with them. Not the long term. And I want to be in control of the money, not have to just eat the fact that the money was pissed around with in some escrow or unreasonable delays made by the buyer, dragging this onto months or even have a buyer deliberately play the game to his advantage for the market. Otherwise the buyer could play this game forever until the market favours he release the money at its lowest point.

As I was just told there was a method of 'holding' BTC in currency, this has intrigued me and I am interested to know more.

I don't think my thoughts are unreasonable. BFL are getting pre-orders (and payments with far less accusations of scamming, noless) for devices and do you really think they hedge their money in Bitcoin, and would send you a device costing thousands for $20? No, they have control of their funds, and probably turn them to $$$ as soon as you pay them.

I just want the choice to choose my own fate on the bitcoin ride and not have to sit back and watch it rise or crash round me with my funds basically sat in a straightjacket. Hope that makes sense.