DeaDTerra will take delivery from KNCMiner and coordinate with the buyer.
Can you list out the mechanics of how this transaction would work?
It strikes me as being fairly simple:
I'd provide the auction winner and DeaDTerra with a fresh BTC address, and explain to DT that (upon funding of that address with the agreed-upon amount) I transfer my claim on 1 of his 5 Jupiters from his top-500 queue order to the auction winner. (He's already posted as to his confirmation and cooperation with this sale)
DT will coordinate with the winner for either physical delivery, or hosting by KNC: For physical delivery, DT would either provide KNC with the shipping address for the single unit, or pick it up himself and ship it to you (winner pays freight) For KNC hosting, I suppose KNC would provide you with access to the unit, or you'd provide KNC with pool information for that one unit.
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BoardAuctions
Re: KNCMiners Jupiter: Order slot 1180, guaranteed top 500 queue place
by
LoweryCBS
on 21/07/2013, 02:57:36 UTC
DeaDTerra will take delivery from KNCMiner and coordinate with the buyer.
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BoardAuctions
Re: KNCMiners Jupiter: Order slot 1180, guaranteed top 500 queue place
Well that's a bummer. So what's to stop the account owner from changing the address back once the buyer pays? Also what if the buyer wants to have the unit hosted with KnC.
DeaDTerra pre-ordered and PAID FOR 5 Jupiters, and I purchased (from him) one of the 5. Upon payment, I'll announce the transfer of my interest to the auction winner. Obviously, your ultimate trust is that DeaDTerra acknowledges your ownership of 1 of his 5 units. (He'll take delivery from KNCMiner and coordinate with you)
DeaDTerra will confirm these facts in this thread shortly.
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BoardAuctions
Re: KNCMiners Jupiter: Order slot 1180, guaranteed top 500 queue place
Excellent. I wonder how many shares we have left to sell off. DT must be busy at the conference now but I hope he is keeping an eye on the sales. Thanks guys!
We have roughly 2800 shares left, I do keep track of the price but I do not want to loginto BF due to security reasons. //DeaDTerrra
Cool, so we sold 1/4 of shares in 2 weeks. That is good. Yes best to wait until you are back home safely.
Mother of GOD:
Gamma fund is going to be nicely profitable in BTC, and a huge success relative to anything else.
I'm quite sure that had I personally managed the BTC I have in Gamma, I would have done a LOT WORSE.