Bitcoin Forum

Economy => Auctions => Topic started by: Jon on February 24, 2012, 11:10:33 PM



Title: Silent Auction: $10 Federal Reserve Note
Post by: Jon on February 24, 2012, 11:10:33 PM
Send your Bitcoin bids to my PM box. One week from the current date of this post, the winner will be announced.

Postage is separate.


Title: Re: Silent Auction: $10 Federal Reserve Note
Post by: Jon on February 24, 2012, 11:12:11 PM
Of course, the highest bid in my inbox wins.


Title: Re: Silent Auction: $10 Federal Reserve Note
Post by: imsaguy on February 25, 2012, 12:12:57 AM
And what makes this $10 bill so special over any other $10 bill?


Title: Re: Silent Auction: $10 Federal Reserve Note
Post by: danieldaniel on February 25, 2012, 12:13:31 AM
And what makes this $10 bill so special over any other $10 bill?
Was just gonna ask, lol.


Title: Re: Silent Auction: $10 Federal Reserve Note
Post by: Jon on February 25, 2012, 12:23:28 AM
And what makes this $10 bill so special over any other $10 bill?
It's about to be sold for Bitcoins.


Title: Re: Silent Auction: $10 Federal Reserve Note
Post by: rotrot on February 25, 2012, 05:27:46 AM

Postage is separate.


And how much does that cost?


Title: Re: Silent Auction: $10 Federal Reserve Note
Post by: Jon on February 25, 2012, 05:41:37 AM

Postage is separate.


And how much does that cost?

The cheapest mail rate from 78633 in the US to your location.


Title: Re: Silent Auction: $10 Federal Reserve Note
Post by: hongus on February 25, 2012, 06:28:40 AM
I say we all team up and not bid, then we all split the $10 with the person who won the bill at 0.1 BTC


Title: Re: Silent Auction: $10 Federal Reserve Note
Post by: Kluge on February 25, 2012, 06:36:11 AM
I say we all team up and not bid, then we all split the $10 with the person who won the bill at 0.1 BTC
Alternately, it could be done in a "share" style. 100 shares of the $10 issued for .005BTC each. No single person is allowed to own more than 5 shares. Pool op, who bids for the $10 then converts $10 to BTC and splits it evenly to shareholders.


Title: Re: Silent Auction: $10 Federal Reserve Note
Post by: imsaguy on February 25, 2012, 01:40:52 PM

Postage is separate.


And how much does that cost?

The cheapest mail rate from 78633 in the US to your location.

aka a postage stamp.


Title: Re: Silent Auction: $10 Federal Reserve Note
Post by: Jon on February 27, 2012, 06:57:34 PM
I will say there is at least one bid on this auction.


Title: Re: Silent Auction: $10 Federal Reserve Note
Post by: brendio on February 28, 2012, 04:39:18 AM
I say we all team up and not bid, then we all split the $10 with the person who won the bill at 0.1 BTC

Prisoner's dilemma. I could make a buck this way by splitting the $10 with you lot. Or I could bid 0.10000001 BTC and make almost 10 bucks.

And what if someone else is thinking like me?


Title: Re: Silent Auction: $10 Federal Reserve Note
Post by: bluefirecorp on February 28, 2012, 07:12:37 AM
I say we all team up and not bid, then we all split the $10 with the person who won the bill at 0.1 BTC

Prisoner's dilemma. I could make a buck this way by splitting the $10 with you lot. Or I could bid 0.10000001 BTC and make almost 10 bucks.

And what if someone else is thinking like me?

And someone could be a dick to you as well. 0.10000002 BTC

Which is playing into OPs hands.

Not to mention OP could be playing us pretty easily. He could send himself .01 coins more than the winner.


Title: Re: Silent Auction: $10 Federal Reserve Note
Post by: Jon on February 28, 2012, 11:14:00 PM
I say we all team up and not bid, then we all split the $10 with the person who won the bill at 0.1 BTC

Prisoner's dilemma. I could make a buck this way by splitting the $10 with you lot. Or I could bid 0.10000001 BTC and make almost 10 bucks.

And what if someone else is thinking like me?

And someone could be a dick to you as well. 0.10000002 BTC

Which is playing into OPs hands.

Not to mention OP could be playing us pretty easily. He could send himself .01 coins more than the winner.

I won't be doing such a thing but that would simply mean this auction has a hidden reserve. That's not fraudulent in my perspective.


Title: Re: Silent Auction: $10 Federal Reserve Note
Post by: Jon on March 01, 2012, 10:38:59 PM
The auction is now over.

The winning bids were 1.75 BTC. The first person who made this bid will be the winner. I will be contacting them within the next 24 hours.