Bitcoin Forum

We thought it might be fun to start a small Bitcoin Penny™ signature campaign, and it might be interesting to run it as a REVERSE auction.

I'll start the auction by offering a reward of .100 BTC to the winner for adding a simple Bitcoin Penny™ advertisement to his or her forum signature for a minimum of thirty (30) days. (Please see my signature for an example advertisement.)

If someone would like to accept this offer and add our Bitcoin Penny™ advertisement to his or her signature in exchange for that amount, then he or she would start the bidding at .100 BTC.

If someone else would like to add our Bitcoin Penny™ advertisement in exchange for a little less, then he or she would bid a little lower. Perhaps .099 BTC.

If someone else would like to add our Bitcoin Penny™ advertisement in exchange for a little less, then he or she would bid a little lower. Perhaps .097 BTC.

And so forth and so on.

The rules are as follows: The winner of the auction will be the bidder with the lowest bid. Bidding starts at .100 BTC with bidding increments of -.001 BTC. (See examples above.) The auction will end exactly twenty-four (24) hours after the lowest bid is placed. The winning bidder agrees to display the Bitcoin Penny™ advertisement in his or her forum signature space for a minimum period of thirty (30) consecutive days. All changes to that Bitcoin Penny™ advertisement must be approved in advance by The Bitcoin Penny Company. The winning bidder must have neutral (black) or positive (green) feedback only. The winning bidder's account must be at least thirty (30) days old with a minimum of one hundred (100) forum activity at the time of bidding. The winning bidder must agree to make a minimum of fifty (50) quality posts within the thirty (30) days. All posts must adhere to BitcoinTalk policies and may not include offensive or derogatory language in regard to any race, religion, sex, sexual preference, or country of origin. Making fun of Donald Trump is totally acceptable. The winning bid will be paid out in two (2) installments of equal amounts. The first payment will be made once the auction has ended, the winning bidder announced, the advertisement design agreed upon by both parties, and before the first forum post is made by the winning bidder. The second payment will be made at the end of the thirty (30) days if all terms were met by the winning bidder in regards to post count, post quality, and all other aspects. The end.

Good luck, everyone!

Regards,
Chris
The Bitcoin Penny Co.

Haha.
Sounds great Chris.

0.1BTC

Don't want to join a Sig.
But had to comment , Great idea Chris!! :D

And love the Donald Trump Part :D :D :D

Good luck!
am sure you will get ~0.05 as winning :)

I retract my bid.
Just saw that I need atleast a 100 activity.   :-\

Yes, I noticed your sub-100 activity when you placed the bid, but I was going to make an exception for you since you're an established and valued customer of The Bitcoin Penny Co. ;)

However, I'll be happy to consider the bid retracted, if you like. :)

Regards,
Chris

0.1BTC

Hey Chris,
Thanks a lot.

If I can place a bid then - 0.099.
If not, that's okay as well. ;D

You are always welcome to place a bid in any of our auctions. ;)

Regards,
Chris

I'm interested. Can I place a bid?
0.098 BTC for me.

Absolutely! The winning bid is now 0.098 from stiffbud. :)

Me

I'd like to make a bid of 0.097, can you let me know if it's accepted?

I especially like the rule where you explicitly allow making fun of Donald Trump, cheers :)

0.096

0.09

.095

It's a reverse auction... you bid a lower price instead of a higher one ;)

That being said, i'll lower my bid to 0.089 (cryptoheadd's bid)

0.085

My next bid: 0.084... Wow this auction is gaining some nice momentum :)

That moment if someone simply decides to up the game with a few satoshis haha, this is amusing

0.08

Didnt you realize that cryptohead isnt eligible to place bids here since the requirement is atleast 100 activity?

If i'm not mistaking, the OP made an exeption for him


My new bid: 0.079

0.078

My final bid: 0.077 :)
Good luck for the other bidders!

0.076

Just posting comment here to follow the thread. I wan't to see what'll happen and who will win this..
it is really coold auction and I first time seeing a reverse auction.. and why you want that people make fun of Donald trump? hahaha.

Your bids were accepted. ;)

Regards,
Chris

0.001BTC

Damn.
Not going to be able to beat that.  ;D

Great concept, you should only let people under cut by .001 per bid...or did I miss that?

.079 Bid

you were outbid already......

did you forgot your own ? :D

Well... that's a strong bid. ;) Thanks, minerjones!

Since we still have enough marketing funds to cover another auction, we'll keep this auction going at it's current lowest bid, which is cryptoheadd with .076 BTC.

Let the bidding continue! ;D

Regards,
Me

No, he didn't forget. Minerjones and I spoke via PM. He won the auction, but we've decided to continue the auction to allow a second winner. Same rules apply. ;)

Regards,
Me

Wow Great! :D
Congrats on winning Minerjones :D

The current low bidder is cryptoheadd with .076 BTC, with less than 24 hours to go.

Will anyone outbid him and extend the auction another 24 hours?

We'll see... (This is exciting!) ;D

Regards,
Me

Shh.
Don't bump the thread. ;
 ;D

0.075

0.072

.071

0.07

0.06

You are not eligible to win this bid because the OP has very well stated that The winning bidder's account must be at least thirty (30) days old with a minimum of one hundred (100) forum activity at the time of bidding.

.06

.055

.54

.53

0.05

So the auctioning gets tense!!!!!  How low can we go here guys?  I have done a few of these before and people are always happy with my response and service.  Lets see how low we can go!!  I will submit my new bid of:
.049

0.048BTC

0.045

0.042

Bringing this down to 0.04BTC!!! This is getting intense...

Never mind. Apparently, I am not eligible to wear the signature wit red trust (for no concrete reason).

0.04BTC

I'm sure this will go even lower...but its too low for me! Good luck

The official winner of our first Bitcoin Penny™ Signature Campaign REVERSE AUCTION is...

MRBONG411 with a low bid of 0.04 BTC!

Congratulations, MRBONG!
(I'll touch base with you tomorrow via PM.)

 
Thank you, everyone, for playing in our little auction. We'll definitely do this again soon. ;)

Regards,
Chris

If you are ever going to be doing this again, please put me on a list to notify.  I would have loved to get into this reverse auction!!  Congratulations to the winner.  Anyone else out there know of any more auctions such as this?

Damn, wish I'd knew about this before. I'd go as low as 0.02 haha

Congratulations to the winner! :)

Even 0.04 is very less for a month. But still congraulats to the winner  :)