Quote from: justdimin on April 14, 2021, 08:53:37 PM

Quote from: JollyGood on April 08, 2021, 06:18:29 PM

I am curious about how a deal of this magnitude took place?

How does one person in one country buy a highly lucrative and successful website from another person in a different country using Bitcoin? (assuming that was the payment method and assuming no face-to-face meeting to place).

I do not know if the terms of the sale were ever made public but either way without stating the figures involved, how does a sale like this go ahead?

It is hard to imagine an escrow of sorts taking place with Bitcoin going one way in exchange for server login details or domain ownership + database + files going the other way in zip format.

Did lawyers get involved to ensure the deal went through properly on a legal basis or was it more of an agreement between gentlemen who share a high degree of respect for one another? I assume it is the latter but can someone clarify?

I do wonder about this time to time as well, this was one of the biggest places (still one of the biggest) and it was sold, that's a big deal, and devans wasn't like this whole huge corporation that had hundreds of workers and staff and took over to make it more "professional" or something like that, he took it and basically kept it going himself and it worked out perfectly.

I remember when satoshidice was sold, it was a huuuuge amount and it was in bitcoin and owner basically made more money than I could even dream, but the ones that took over tried to make it more professional and they failed and it ended up not being worth anything in the end. This is why I think what devans did was a big deal, it is not simple to take over a casino and continue to keep it a great place after a transition like this. Would love to hear more about that process.

Ryan and I have known each other for a long time, so the entire process was rather unceremonious. After agreeing on the terms we chose a time and a date for the handover and that was that 🤷‍♂️