Bitcoin Forum

Economy => Auctions => Topic started by: terrytibbs on July 13, 2012, 09:55:14 PM



Title: Liteco.in domain
Post by: terrytibbs on July 13, 2012, 09:55:14 PM
Post your bids in this thread. Bids are in USD but are to be paid in bitcoins at the Mt.Gox bid rate at the time of the auction ending. Bidding starts at $10 and is to be made in increments of at least $1. There will be no private bids.

The auction ends on July 28 2012 16:00 GMT+0000. The domain will be transferred no sooner than October 14 in order to give the current users time to migrate.


Title: Re: Liteco.in domain
Post by: RandomQ on July 13, 2012, 10:45:05 PM
$10


Title: Re: Liteco.in domain
Post by: smoothie on July 13, 2012, 10:56:54 PM
$10
$11


Title: Re: Liteco.in domain
Post by: Luceo on July 14, 2012, 12:38:45 AM
$20.


Title: Re: Liteco.in domain
Post by: coblee on July 14, 2012, 04:23:24 AM
It would be great if people would mention what they would do with the domain if they get it.


Title: Re: Liteco.in domain
Post by: someguy123 on July 14, 2012, 10:46:59 AM
It would be great if people would mention what they would do with the domain if they get it.
Yeah, I'm wondering this too, not sure what others would do with it, I'm the current "maintainer" of liteco.in, so I'd hate to see the domain get neglected if it goes into the wrong hands.


Title: Re: Liteco.in domain
Post by: Luceo on July 14, 2012, 02:33:01 PM
If I win the domain, my intention is to do the following, as discussed on IRC with Someguy123:

- I will hold the domain on my registrar account, and leave the current DNS's active.
- Someguy123 will pay my USD cost for the domain + transfer to me + transfer to him, in LTC or BTC (i.e. if BTC rises in value, he will pay less BTC than I did, if BTC decreases in value, he will pay more).
- After this, I will transfer the domain to him.

Ergo, my intention is to change nothing re: the function of liteco.in. I intend merely to hold it in trust for the person who is currently operating it effectively, but cannot afford to bid on it at the moment.


Title: Re: Liteco.in domain
Post by: Luceo on July 14, 2012, 02:41:05 PM
Terry, please implement a no-snipe rule so someone doesn't just bid at 15:59.55 or something and win a still open auction.

Say, an extension of 20 mins after the last bid?


Title: Re: Liteco.in domain
Post by: terrytibbs on July 14, 2012, 02:52:53 PM
Terry, please implement a no-snipe rule so someone doesn't just bid at 15:59.55 or something and win a still open auction.

Say, an extension of 20 mins after the last bid?
I'm not sure I can change the rules after making the thread. I most definitely can't modify the OP...


Title: Re: Liteco.in domain
Post by: RandomQ on July 14, 2012, 09:57:27 PM
$21
-Making a Porn site -J/K
-Possible Litecoin Mining Company


Title: Re: Liteco.in domain
Post by: Luceo on July 14, 2012, 10:02:10 PM
$25.


Title: Re: Liteco.in domain
Post by: El Cabron on July 15, 2012, 02:53:28 PM
$30


Title: Re: Liteco.in domain
Post by: terrytibbs on July 15, 2012, 08:29:55 PM
I've been considering adding a random number of seconds (between 1 and 120) to the end of the auction to prevent sniping. I'll post a hashed string containing the number in advance. It should prevent auction sniping, while not allowing the auction to continue indefinitely.

If most current bidders agree, I'll implement this, and allow any other bidders to withdraw from the auction. How does this sound?


Title: Re: Liteco.in domain
Post by: smoothie on July 15, 2012, 11:39:17 PM
$31


Title: Re: Liteco.in domain
Post by: Luceo on July 16, 2012, 10:57:58 AM
I've been considering adding a random number of seconds (between 1 and 120) to the end of the auction to prevent sniping. I'll post a hashed string containing the number in advance. It should prevent auction sniping, while not allowing the auction to continue indefinitely.

If most current bidders agree, I'll implement this, and allow any other bidders to withdraw from the auction. How does this sound?

Agree with this, though would prefer to see more seconds than '1' obviously..

$32.


Title: Re: Liteco.in domain
Post by: terrytibbs on July 16, 2012, 04:04:58 PM
Alright, here's the SHA256 hash:
Code:
f378d6e6174cc89543551675e2fe23cd22b71be660ad56b9ad91168b7a0ee449

The exact message used to get the above hash will be posted when the auction ends.

I've been considering adding a random number of seconds (between 1 and 120) to the end of the auction to prevent sniping. I'll post a hashed string containing the number in advance. It should prevent auction sniping, while not allowing the auction to continue indefinitely.

If most current bidders agree, I'll implement this, and allow any other bidders to withdraw from the auction. How does this sound?
Agree with this, though would prefer to see more seconds than '1' obviously..
The number of seconds doesn't matter that much. It's the psychological impact on the bidders I'm looking for.

Good luck, everyone!


Title: Re: Liteco.in domain
Post by: El Cabron on July 16, 2012, 05:01:04 PM
Alright, here's the SHA256 hash:
Code:
f378d6e6174cc89543551675e2fe23cd22b71be660ad56b9ad91168b7a0ee449

The exact message used to get the above hash will be posted when the auction ends.

I've been considering adding a random number of seconds (between 1 and 120) to the end of the auction to prevent sniping. I'll post a hashed string containing the number in advance. It should prevent auction sniping, while not allowing the auction to continue indefinitely.

If most current bidders agree, I'll implement this, and allow any other bidders to withdraw from the auction. How does this sound?
Agree with this, though would prefer to see more seconds than '1' obviously..
The number of seconds doesn't matter that much. It's the psychological impact on the bidders I'm looking for.

Good luck, everyone!

you are going to change the terms but wont tell us?


Title: Re: Liteco.in domain
Post by: coblee on July 16, 2012, 05:30:03 PM
Alright, here's the SHA256 hash:
Code:
f378d6e6174cc89543551675e2fe23cd22b71be660ad56b9ad91168b7a0ee449

The exact message used to get the above hash will be posted when the auction ends.

I've been considering adding a random number of seconds (between 1 and 120) to the end of the auction to prevent sniping. I'll post a hashed string containing the number in advance. It should prevent auction sniping, while not allowing the auction to continue indefinitely.

If most current bidders agree, I'll implement this, and allow any other bidders to withdraw from the auction. How does this sound?
Agree with this, though would prefer to see more seconds than '1' obviously..
The number of seconds doesn't matter that much. It's the psychological impact on the bidders I'm looking for.

Good luck, everyone!

I actually don't think this will change much. If someone is going to snipe, they will still submit a bid right at the end. And people likely won't have time to respond before the auction is over. I think extending the auction by 5 mins after every bid seems like the right solution. But obviously, you can do it however you like.


Title: Re: Liteco.in domain
Post by: terrytibbs on July 16, 2012, 05:36:10 PM
I actually don't think this will change much. If someone is going to snipe, they will still submit a bid right at the end. And people likely won't have time to respond before the auction is over. I think extending the auction by 5 mins after every bid seems like the right solution. But obviously, you can do it however you like.
"A modern variant of the candle auction is used in some online auction systems to prevent auction sniping. In these auctions, a computer randomly selects the time when the auction will end to discourage snipers from attempting to enter bids at the last second. Indeed, Füllbrunn and Sadrieh show theoretically and experimentally that bidders submit serious bids from the start in candle auctions."

http://en.wikipedia.org/wiki/English_auction#Candle_auction


Title: Re: Liteco.in domain
Post by: terrytibbs on July 16, 2012, 05:38:25 PM
you are going to change the terms but wont tell us?
I left you ample time to object. (https://bitcointalk.org/index.php?topic=93200.msg1032732#msg1032732) If you are no longer interested, feel free to withdraw your bid, or just stop bidding. Either way, since your bid is no longer the highest, you're not obligated to do anything.


Title: Re: Liteco.in domain
Post by: coblee on July 16, 2012, 05:48:59 PM
I actually don't think this will change much. If someone is going to snipe, they will still submit a bid right at the end. And people likely won't have time to respond before the auction is over. I think extending the auction by 5 mins after every bid seems like the right solution. But obviously, you can do it however you like.
"A modern variant of the candle auction is used in some online auction systems to prevent auction sniping. In these auctions, a computer randomly selects the time when the auction will end to discourage snipers from attempting to enter bids at the last second. Indeed, Füllbrunn and Sadrieh show theoretically and experimentally that bidders submit serious bids from the start in candle auctions."

http://en.wikipedia.org/wiki/English_auction#Candle_auction

Yes, a computer randomly selecting when the auction will end will discourage snipers. But the range needs to be much larger than 2 minutes. I'd recommend at least an hour. Have the auction end anytime between July 28 2012 16:00 GMT+0000 and July 28 2012 17:00 GMT+0000.


Title: Re: Liteco.in domain
Post by: El Cabron on July 16, 2012, 05:59:55 PM
Okay my bid is 100,000$ time f43fdk48f  but it depends on some magic code that I wont tell you until after you tell me the number of seconds...

This has turned into a joke...

And i was really interested in this.     :(


Title: Re: Liteco.in domain
Post by: terrytibbs on July 16, 2012, 06:09:21 PM
Okay my bid is 100,000$ time f43fdk48f  but it depends on some magic code that I wont tell you until after you tell me the number of seconds...

This has turned into a joke...

And i was really interested in this.     :(
I'm sorry you feel that way. It's a fairly common technique in auction theory, actually.

Have a nice day!


Title: Re: Liteco.in domain
Post by: Luceo on July 16, 2012, 06:30:22 PM
Sorry missed everything, I'm still highest at $32 right?


Title: Re: Liteco.in domain
Post by: terrytibbs on July 16, 2012, 06:46:04 PM
Sorry missed everything, I'm still highest at $32 right?
Correct.


Title: Re: Liteco.in domain
Post by: RandomQ on July 16, 2012, 06:52:45 PM
$33


Title: Re: Liteco.in domain
Post by: Luceo on July 16, 2012, 07:39:16 PM
$34


Title: Re: Liteco.in domain
Post by: smoothie on July 17, 2012, 07:32:14 AM
$34

$56.78




Title: Re: Liteco.in domain
Post by: Luceo on July 17, 2012, 02:05:57 PM
I hereby put on hold my intention to bid until all issues with liteco.in have been amiably resolved between Someguy123 and pool clients.


Title: Re: Liteco.in domain
Post by: Luceo on July 17, 2012, 02:40:23 PM
I hereby put on hold my intention to bid until all issues with liteco.in have been amiably resolved between Someguy123 and pool clients.

Issues do not pertain to Someguy123, so I'm reopening my intention to bid for this domain to be transferred to that user.


Title: Re: Liteco.in domain
Post by: Luceo on July 17, 2012, 02:41:00 PM
$58.45


Title: Re: Liteco.in domain
Post by: someguy123 on July 17, 2012, 02:42:51 PM
I'd love to know your intentions on bidding so much for the domain -_-


Title: Re: Liteco.in domain
Post by: smoothie on July 18, 2012, 03:24:34 AM
I'd love to know your intentions on bidding so much for the domain -_-


Speculation...you should try it....it is fun!

 ;D ;D


Title: Re: Liteco.in domain
Post by: smoothie on July 18, 2012, 07:13:05 PM
$60.00000000001   ;D


Title: Re: Liteco.in domain
Post by: Luceo on July 18, 2012, 07:49:29 PM
$62.


Title: Re: Liteco.in domain
Post by: smoothie on July 19, 2012, 01:44:35 AM
$63


Title: Re: Liteco.in domain
Post by: Luceo on July 19, 2012, 04:00:02 AM
$65.


Title: Re: Liteco.in domain
Post by: smoothie on July 19, 2012, 05:03:26 AM
$67

I plan to keep liteco.in as a forum and will run it as such. Someguy123 can maintain what he is currently maintaining if I win the auction.


Title: Re: Liteco.in domain
Post by: Tittiez on July 19, 2012, 06:26:42 AM
Well in that case maybe you can clean up the forum, its a real shithole.


Title: Re: Liteco.in domain
Post by: smoothie on July 19, 2012, 06:29:38 AM
Well in that case maybe you can clean up the forum, its a real shithole.

Only if I win.  :D


Title: Re: Liteco.in domain
Post by: dishwara on July 19, 2012, 06:58:40 AM
Its very easy to buy litecoin.in instead of liteco.in


Title: Re: Liteco.in domain
Post by: AndyRossy on July 19, 2012, 07:50:50 AM
82.50


Title: Re: Liteco.in domain
Post by: coblee on July 20, 2012, 08:04:03 AM
$85

I'd like to keep it for all the useful litecoin services:

abe.liteco.in
blockchain.liteco.in
address.liteco.in
electrum.liteco.in
forum.liteco.in


Title: Re: Liteco.in domain
Post by: Luceo on July 20, 2012, 08:17:46 AM
Bids in future are on behalf of myself, not someguy123.

$90.


Title: Re: Liteco.in domain
Post by: coblee on July 20, 2012, 08:19:02 AM
$100


Title: Re: Liteco.in domain
Post by: smoothie on July 20, 2012, 08:37:36 AM
$100

wow 100 already?


Title: Re: Liteco.in domain
Post by: Luceo on July 20, 2012, 02:16:57 PM
$101.


Title: Re: Liteco.in domain
Post by: terrytibbs on July 20, 2012, 02:20:53 PM
Bids in future are on behalf of myself, not someguy123.
Have your intentions changed? If not, bidding against coblee isn't the best idea.


Title: Re: Liteco.in domain
Post by: Luceo on July 20, 2012, 02:34:46 PM
My intentions have not changed.

I would like to use this domain for promotional purposes. I would be quite willing to sub-let subdomains if people were interested in them.

Why would you encourage people not to push up the price in your own auction?


Title: Re: Liteco.in domain
Post by: jago25_98 on July 20, 2012, 02:50:43 PM
btw, I notice the lovebitco.in domain is registered on freedns.afraid.org so subdomains off that are free to register


Title: Re: Liteco.in domain
Post by: terrytibbs on July 21, 2012, 07:44:39 PM
Why would you encourage people not to push up the price in your own auction?
I'd like it to stay community-oriented, too. Losing out on a few bucks to make sure you don't have to battle for the same goal doesn't bother me much.

btw, I notice the lovebitco.in domain is registered on freedns.afraid.org so subdomains off that are free to register
I'm sorry, but I'm not sure how this is even remotely relevant. Still, pretty cool.


Title: Re: Liteco.in domain
Post by: coblee on July 22, 2012, 04:53:32 PM
$102


Title: Re: Liteco.in domain
Post by: bitcoiners on July 22, 2012, 08:41:49 PM
$110


Title: Re: Liteco.in domain
Post by: terrytibbs on July 22, 2012, 09:05:59 PM
Either my candle auction strategy is working, or we're just beginning to approach the real value of this thing. In either case, I'm a happy man!


Title: Re: Liteco.in domain
Post by: bitcoiners on July 22, 2012, 09:07:24 PM
Either my candle auction strategy is working, or we're just beginning to approach the real value of this thing. In either case, I'm a happy man!

So I won?

Awesome!  I'll send you money/bitcoins/litecoins which would you like? j/k  ;D


Title: Re: Liteco.in domain
Post by: El Cabron on July 24, 2012, 05:43:06 AM
$125

I plan to use the domain to promote LiteCoins. I myself hold LTC in the 6 digit range and am adding.

I will use the site to host the now being developed LiteCoin stock exchange and a BTC/LTC exchange.

I will also be hosting a Litecoin forum and will be open to hosting other related LTC sites. I'm happy to keep the block explore running here as well.

I'm more than happy to work with members in the LTC community who have a large state and want to see it develop.

Thanks.



Title: Re: Liteco.in domain
Post by: bitcoiners on July 24, 2012, 06:07:12 AM
$125

$130


Title: Re: Liteco.in domain
Post by: payb.tc on July 24, 2012, 06:14:58 AM
i'm sure this is worth at least $200 so i might as well get it over with...


$200


mainly i'd just want to keep the forum there, and as others have suggested, host other ltc-related sites using subdomains.


Title: Re: Liteco.in domain
Post by: El Cabron on July 24, 2012, 09:31:03 AM
i'm sure this is worth at least $200 so i might as well get it over with...


$200


mainly i'd just want to keep the forum there, and as others have suggested, host other ltc-related sites using subdomains.


$300


Title: Re: Liteco.in domain
Post by: payb.tc on July 25, 2012, 12:30:47 AM
good bidding... still sounds like a fair price.

hmm... to bid or not to bid, that is the question.


Title: Re: Liteco.in domain
Post by: bitdaytrade on July 26, 2012, 01:29:38 PM
350


Title: Re: Liteco.in domain
Post by: someguy123 on July 27, 2012, 07:03:23 PM
1 day left on bidding, I wonder who'll get it.


Title: Re: Liteco.in domain
Post by: VelvetLeaf on July 28, 2012, 02:57:47 AM
This is just an idea but for next time auction bidders should deposit certain amount of Litecoin before they can start bidding to filter serious guys only and increase the value of auction.
Max bidding = max deposit.


Title: Re: Liteco.in domain
Post by: smoothie on July 28, 2012, 03:05:07 AM
This is just an idea but for next time auction bidders should deposit certain amount of Litecoin before they can start bidding to filter serious guys only and increase the value of auction.
Max bidding = max deposit.

No


Title: Re: Liteco.in domain
Post by: El Cabron on July 28, 2012, 08:26:05 AM
hmmm,


Title: Re: Liteco.in domain
Post by: Bitcoin Oz on July 28, 2012, 08:32:36 AM
This is just an idea but for next time auction bidders should deposit certain amount of Litecoin before they can start bidding to filter serious guys only and increase the value of auction.
Max bidding = max deposit.

Thats a good idea for an auction site though :)


Title: Re: Liteco.in domain
Post by: Luceo on July 28, 2012, 01:20:57 PM
To bid, or not to bid? :D


Title: Re: Liteco.in domain
Post by: terrytibbs on July 28, 2012, 02:12:01 PM
A 'lil less than two hours to go!


Title: Re: Liteco.in domain
Post by: ineededausername on July 28, 2012, 02:18:45 PM
350

http://i724.photobucket.com/albums/ww242/kyusho101/i-need-about-tree-fiddy.jpg


Title: Re: Liteco.in domain
Post by: someguy123 on July 28, 2012, 03:50:35 PM
350
AND IT'S GONE.
Looks like you won.


Title: Re: Liteco.in domain
Post by: terrytibbs on July 28, 2012, 03:53:34 PM
350
AND IT'S GONE.
Looks like you won.
About 7 minutes left + the yet to be revealed amount of seconds.


Title: Re: Liteco.in domain
Post by: terrytibbs on July 28, 2012, 04:01:29 PM
There it goes! The amount was 42 seconds. I will be contacting bitdaytrade with more information shortly.

Code:
$ echo -n 'msg1028896.msg1028998.msg1029022.msg1029283.msg1029697.msg1030118.msg1030395.msg1030402.msg1030424.msg1031178.msg1031184.msg1032207.msg1032732.msg1033042.msg1033827.42seconds' | sha256sum
f378d6e6174cc89543551675e2fe23cd22b71be660ad56b9ad91168b7a0ee449  -


Title: Re: Liteco.in domain
Post by: El Cabron on July 28, 2012, 04:08:39 PM
oh lol, im too late.


Title: Re: Liteco.in domain
Post by: bitcoiners on July 28, 2012, 05:43:11 PM
That went cheap.  No way I would have sold that low.

Congrats to the buyer!


Title: Re: Liteco.in domain
Post by: bitdaytrade on July 29, 2012, 09:11:13 AM
Great, shoot me a personal message or email at info@bitdaytrade.com details to complete the transaction. ! thank you


Title: Re: Liteco.in domain
Post by: smoothie on September 11, 2012, 02:30:38 AM
That went cheap.  No way I would have sold that low.

Congrats to the buyer!

Really? $350 for a domain that cost like $12?

Shit man I would rather go get another 5 domains at $30 each than pay that much.


Title: Re: Liteco.in domain
Post by: El Cabron on September 11, 2012, 02:48:41 AM
bitdaytrade, did he not run with the money and is about to get a scammers tag? who still has control over this name? let us not give it to a scammer :(   

give the funds maybe to the victums of his fraud?




Title: Re: Liteco.in domain
Post by: terrytibbs on October 05, 2012, 03:26:50 PM
who still has control over this name? let us not give it to a scammer :(
I'm still in control. I requested some information necessary for the transfer from Alberto, but to no response.

give the funds maybe to the victums of his fraud?
Alberto has already paid in advance. His dealings outside of this trade are none of my concern at this point.


Title: Re: Liteco.in domain
Post by: El Cabron on October 06, 2012, 04:34:47 PM
who still has control over this name? let us not give it to a scammer :(
I'm still in control. I requested some information necessary for the transfer from Alberto, but to no response.

give the funds maybe to the victums of his fraud?
Alberto has already paid in advance. His dealings outside of this trade are none of my concern at this point.

I'm glad you still hold it.

I will see if I can buy it from him.