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Writer's pictureRaymond Chai

OTCbid - Bitcoin: China’s crackdown isn’t enough – only a global effort can stop crypto energy



" Huge concrete data centres, permanently plugged into power plants and telephone exchanges, maintain much of online life. But the infrastructure behind internet-based cryptocurrencies such as bitcoin, dogecoin and ethereum is more like a rusty travelling circus. And right now, that circus is on the road.

Bitcoin relies on a network of millions of specialist machines, known as miners, around 70% of which are currently based in China. Like a never-ending game of Hungry Hippos, each player hammers their mining machines 24/7 to try and scoop up as many bitcoins as possible. With only a few hippos, its easy for everyone to be a winner. But with around 2.5 million miners chasing an ever-shrinking number of prizes, the game is becoming increasingly difficult." - Read Full Article






40K-480K+ BTC BUYER/SELLER WORLDWIDE

" We get asked for millions of BTC from billion-dollar companies. We can do it with multiple sellers and multiple wallets."

- OTCbid


-10% Gross, -6% Net, Double Escrow, Lawyer, Worldwide


Buyer & Seller Mandates Only - OTCbid.com



NEW: 40K-480K+ BTC @ -10% gross, -6% net, Double Escrow, Lawyer, Worldwide - Look For Buyer & Seller To Match

(Buyer/Seller: XA GK)

Post: 6.6.21

​​​​​​

  • Buyer and seller are looking to match 40K-480K+ BTC @ -10%gross, -6% net

  • Buyer = 6%

  • Buyerside = 2%

  • Sellerside = 2%

  • Escrow = Buyer and Seller pay their own escrow fees

  • First tranche = 40000 BTC

​​​

  • ​PROCEDURE:

  • 1. The buyer and the seller sign the SPA contract with Escrow Agents. Signed copies are sent to all Parties

  • 2. Escrow Agents exchange proof of funds for the first tranche: Show POC, POF via screen or email

  • 3. After verification of POF, Seller Escrow Agent will transfer first tranche BTC to Buyer Escrow Agent

  • 4. After confirmation of first tranche BTC in the Buyer's Escrow lawyer's wallet, the funds held in the Buyer's Escrow lawyer's trust account will be sent to Seller's Escrow Account

  • 5. After confirmation of the funds has been transferred to the Seller's escrow account, BTC in buyer's escrow lawyer's wallet shall be transferred to the buyer's wallet.

  • 6. Once buyer's escrow lawyer's wallet receives confirmation of the BTC tranche, the funds are immediately transferred from Seller's escrow to the seller's bank account

  • 7. Fee commissions must be paid immediately by Escrow agents according to the Irrevocable Master Fee Protection Agreement (IMFPA)

  • 8. Subsequent tranches shall be repeated accordingly

SELLER MANDATE ONLY

Interested parties should contact :

​​

  • OTCbid@gmail.com

  • DM Raymond Chai (on Linkedin)

  • Telegram @OTCbiddotcom

  • Telegram: +1 (786) 632 8577

  • T.me/otc_bid

  • OTCbid.com

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