Bitcoin Forum

Description:

Everything you need to start a Bitcoin derivatives exchange.

A) derivabit.com Domain (http://derivabit.com (http://derivabit.com)) & "Derivabit" USPTO Registered Trademark (http://tess2.uspto.gov/bin/showfield?f=doc&state=4808:d123m1.2.1 (http://tess2.uspto.gov/bin/showfield?f=doc&state=4808:d123m1.2.1))
B) Ruby on Rails app & responsive design, Node.js script for interacting with bitcoind. Full git repo, extensive history with ~700 commits. Originally a call/put option exchange and then changed to a forward contract platform. The git repo history maintains code for each (options & forwards). Includes a FIFO trade matching algorithm I wrote. Created by a seasoned Ruby on Rails developer and a talented graphic designer.

Hacker News discussion: https://news.ycombinator.com/item?id=7461343 (https://news.ycombinator.com/item?id=7461343)

https://i.imgur.com/Ym6qvyU.jpg
https://i.imgur.com/BPbaBmU.jpg
https://i.imgur.com/Kgi3Yfu.jpg
https://i.imgur.com/S96ep1M.jpg

Full disclosure: Uses some Webtype.com fonts which are ~$320 annually. Paid through March 19, 2015.

Starting bid:
BTC1

Buy it now:
BTC100

End date and time:
Friday January 30th at 12pm (Noon) Pacific Time

Payment methods accepted:
BTC (preferred), Paypal, wire transfer. Happy to use a trusted escrow.

Additional information:

• If you have any questions, please send a PM.
• Willing to post a cat picture on derivabit.com / send receipt from registrar if you want proof of ownership.
• If you're an experienced developer, I'll spend up to 3 hours helping you get it up and running on your server(s) and reviewing the code with you. If you're a noob, you're on your own.

Bump

I want to commend you on the beautiful design. Very clean and inspiring.

1BTC

BTC10

Prove that you have this much, sign a message.

what

Newbie account with 10 BTC bid seems fishy.

i'm afraid that op consider your bids...

Use your wallet to sign a message saying something like 'This is Ghostgnner's address' to prove that you own that much. Right now, an account with two posts suddenly posting a stupidly big bid sounds really fake.

So... I'm pretty sure that the last bid is not a legitimate one.

I believe I won.

You didn't. Waiting to hear back from ghostgnner. There were also bidders who reached out to me through email.

To be completely honest, that's a bunch of bullshit.

If ghostgnnr actually has the funds for it and pays 10 bitcoin, then he is the winner.

Else it should be me.  Nowhere was it listed that hidden bids could be accepted and it made it impossible to bid any higher without any mention. That's not an auction.

If you want to actually follow the rules and keep your name intact, I advise you to uphold the standards of the auctions that are held here.

Please keep us updated.

You're mistaken, if ghostgnnr flakes then that voids the auction. We're going with common sense here.

No because that's easily exploitable.

A lot of invalid bids are posted in auctions that are just disregarded.

If they had the power to void auctions, the seller could easily register a new account to bump up the price or deny low winning bids.

Its a new account which was dismissed by everybody and no one else made any attempt to bid other than me.

This has been the standard and you can use other threads as reference. If you're going with common sense, then again I have the winning bid.

You can't cherry pick posts and claim that it represents a standard. On eBay and all the live auctions I've been to they just do another auction in this situation.

You also can't say that no one else made an attempt to bid; they may have been cut off by ghostgnner.

Hopefully this is all moot anyway.

Sry about all the headache here, might take this one offline. My bitcoin is less than 10btc atm because I lacked the ability to hedge and dumped shares before I got burned,  hence interest here.

I didn't cherry pick any posts. It's pretty much the norm especially when it is doing by a newly created account and they can't sign a wallet holding the bid amount when asked.