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Title: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: Jonathan Ryan Owens on November 12, 2011, 09:21:24 AM Rules here: http://en.wikipedia.org/wiki/Dollar_auction (http://en.wikipedia.org/wiki/Dollar_auction)
Auction ALL THE THINGS! Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: avoid3d on November 12, 2011, 09:32:34 AM Clever:
I bid 0.5BTC Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: avoid3d on November 12, 2011, 09:33:48 AM There is plenty of room for inside manipulation here. you could just make a shill account and bid 1 BTC, defrauding the previous bidder out of their contribution
Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: avoid3d on November 12, 2011, 09:37:09 AM Also, the wiki entry doesn't say what happens in the case of only one bidder :P
Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: deepceleron on November 12, 2011, 09:39:26 AM The problem will be compelling all the losing bidders to pay their bids...
Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: Jonathan Ryan Owens on November 12, 2011, 09:42:03 AM The problem will be compelling all the losing bidders to pay their bids... 1. Theymos / Admins can see my IP. Granted, I *could* use a VPN and could bid it up, but that's a whole lot of work for what is really just good fun. 2. If the loser doesn't pay up, I guess they're a scammer and coul get a bunch of x's or at least a bad rep. 3. If there's no 2nd bidder, you win the 1 BTC for 0.5 BTC -Jonathan Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: Jonathan Ryan Owens on November 12, 2011, 10:11:39 AM ALMOST FORGOT!!
AUCTION ENDS AT 11:59PM PST ON 11/12/2011 (JUST UNDER 24 HOURS FROM NOW) Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: deepceleron on November 12, 2011, 10:29:52 AM Who is going to be the first to bid 1.5BTC? Pay 0.5BTC to make avoid3d lose 0.5BTC? What fun!
Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: avoid3d on November 12, 2011, 10:42:37 AM Who is going to be the first to bid 1.5BTC? Pay 0.5BTC to make avoid3d lose 0.5BTC? What fun! If someone bids 1.5BTC I will spite them and bid 1.6 :P Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: deepceleron on November 12, 2011, 10:49:06 AM Who is going to be the first to bid 1.5BTC? Pay 0.5BTC to make avoid3d lose 0.5BTC? What fun! If someone bids 1.5BTC I will spite them and bid 1.6 :P Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: avoid3d on November 12, 2011, 11:25:02 AM Who is going to be the first to bid 1.5BTC? Pay 0.5BTC to make avoid3d lose 0.5BTC? What fun! If someone bids 1.5BTC I will spite them and bid 1.6 :P Haha I had to think about that for a second. A more telling "correction" to your statement would be: who wants to pay 1.5BTC to make avoid3d lose 0.6BTC no ? </all in good fun> Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: Jonathan Ryan Owens on November 12, 2011, 06:14:35 PM All Auction proceeds will go to Theymos / Bitcointalk for ongoing server and upgrade costs.
Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: ineededausername on November 12, 2011, 08:35:02 PM I bid 100 BTC
---no just kidding. I bid 0.51 BTC. Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: pirateat40 on November 12, 2011, 08:36:40 PM I bid 100 BTC ---no just kidding. I bid 0.51 BTC. I think its over. Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: ineededausername on November 12, 2011, 08:39:23 PM I bid 100 BTC ---no just kidding. I bid 0.51 BTC. I think its over. It's not over til tonight. Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: pirateat40 on November 12, 2011, 08:41:42 PM I bid 100 BTC ---no just kidding. I bid 0.51 BTC. I think its over. It's not over til tonight. oh, sorry my bad. I missed that little AM PM thing Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: Matoking on November 12, 2011, 08:45:30 PM I bid 0.511 BTC :)
Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: dree12 on November 13, 2011, 04:34:14 AM Are sub-satoshi amounts allowed?
Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: Jonathan Ryan Owens on November 13, 2011, 05:24:04 AM Are sub-satoshi amounts allowed? Good question. The precedent has already been set, so no further decimal places would be allowed. -Jonathan Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: mjcmurfy on November 13, 2011, 06:03:40 AM Hmm. If you have perfect information as per the wikipedia article, the the most rational thing to do is to not take part in this auction at all. By placing a single bid, you are led into a series of rational sequential bids, leading to irrational bids subsequently. You know this in advance, so any bid is irrational.
In saying that ... 0.5112 btc :D Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: Jonathan Ryan Owens on November 13, 2011, 07:22:44 AM Hmm. If you have perfect information as per the wikipedia article, the the most rational thing to do is to not take part in this auction at all. By placing a single bid, you are led into a series of rational sequential bids, leading to irrational bids subsequently. You know this in advance, so any bid is irrational. In saying that ... 0.5112 btc :D It's like being in Alice In Wonderland. Your 5.1112 bid obviously doesn't fall into the definition of acceptability, so you aren't on the hook, sir. 38 minutes to go.. Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: Jonathan Ryan Owens on November 13, 2011, 07:56:49 AM T-minus 3 minutes..
Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: Cory on November 13, 2011, 07:58:59 AM I'll bid 0.56 BTC. :)
Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: deepceleron on November 13, 2011, 08:00:02 AM Midnight!
Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: Jonathan Ryan Owens on November 13, 2011, 08:03:37 AM Matoking: Winnar! 1M8Xa6crWwrymzUayCML1MJGqjF4JdGHHx -- 0.489 is on its way, sir! txid: 88c3d0170e0995a7f0e5231b94d1028778cf5cfb3abe68af2260961bc0df3198
Ineededausername: PAY UP, BITCH. Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: Cory on November 13, 2011, 08:05:34 AM Matoking: Winnar! 1M8Xa6crWwrymzUayCML1MJGqjF4JdGHHx -- 0.489 is on its way, sir! txid: 88c3d0170e0995a7f0e5231b94d1028778cf5cfb3abe68af2260961bc0df3198 Why didn't I win? :(Ineededausername: PAY UP, BITCH. Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: Jonathan Ryan Owens on November 13, 2011, 08:07:58 AM Matoking: Winnar! 1M8Xa6crWwrymzUayCML1MJGqjF4JdGHHx -- 0.489 is on its way, sir! txid: 88c3d0170e0995a7f0e5231b94d1028778cf5cfb3abe68af2260961bc0df3198 Why didn't I win? :(Ineededausername: PAY UP, BITCH. Oh man.. Ok, you win too. *derp* I didn't see your bid, Cory. PM me your Address. Now there are no losers! Dollar Auction! XD Title: Re: 1 BTC up for Auction! Bidding starts at 0.01 BTC! Post by: Jonathan Ryan Owens on November 13, 2011, 08:13:31 AM Cory: c985f4bc3494ef8e86edafe99a0ae6402dedd96723fffd8f338ac2cff76b6312
Congratulations to all the winnars and losers (me). Auction ALL THE THINGS! -Jonathan |