Hmm... I'm not sure of how a Dutch auction for multiple goods would work. It would confuse some bidders too (heck, I've been getting PM's on how basic auctions work)  Easier than you'd think. You have a countdown clock counting down the price from high to low, say 1 btc per hour. As soon as someone accepts a price for a number of items, those items are sold at that price. It's a very quick auction method, and has the advantage that it can still sell some items before a reserve is reached. It doesn't matter if people know the price range beforehand since they don't know how others will bid. Since people *really* don't want to be left out, they'll probably bid earlier rather than later (when the price is lower but the probability of missing out is higher). This method removes the end of auction sniping that occurs in English auctions. You wait until the price hits something you can afford and then you post once and you're done, or you miss out. No more having to check the thread regularly after you bid and repost every time someone makes a new bid. Sounds like what louong said above too - yeah this should be a good way of auctioning these off painlessly.  |
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Surely there has to be a way to use bitcoin itself, or the blockchain, to bid and avoid dummy bids? http://www.bitescrow.org/How about if to bid you need to get the auctioneer (one of several maybe) to set up an escrow transaction and send out a payment invite to the bidder. The bidder pays bitcoin to the escrow account, and then publishes the address and amount to the thread. The bid is deemed valid when the address hits the thread, and the bid amount can be verified by anyone. If someone is outbid, the auctioneer sends them the other half of the escrow key. For the winning bids, the escrow keys are sent to friedcat instead. No dummy bids, no welching on payments. Anyone buying to flip needs to front the bitcoin first. Sorry, wouldn't work. You overestimate the general public's willingness to learn. Also, most buyers I know do not have the coins on hand, and transfer them via Gox or otherwise after the auction. That's a shame. We have this incredible technology in our hands, and the best we can do to manage the auction is a python script that scrapes the auction page looking for something that looks like a bid, combined with a lot of manual effort by your good self and others. I would actually prefer your way to weed out problematic bidders, but I'll imagine that I would get more PM's on this. Heck, I had to answer a ton of newbie questions even though the auction is so simplified... Honestly many people would never read before asking. (proved during a group buy I escrowed too) |
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Surely there has to be a way to use bitcoin itself, or the blockchain, to bid and avoid dummy bids? http://www.bitescrow.org/How about if to bid you need to get the auctioneer (one of several maybe) to set up an escrow transaction and send out a payment invite to the bidder. The bidder pays bitcoin to the escrow account, and then publishes the address and amount to the thread. The bid is deemed valid when the address hits the thread, and the bid amount can be verified by anyone. If someone is outbid, the auctioneer sends them the other half of the escrow key. For the winning bids, the escrow keys are sent to friedcat instead. No dummy bids, no welching on payments. Anyone buying to flip needs to front the bitcoin first. Sorry, wouldn't work. You overestimate the general public's willingness to learn. Also, most buyers I know do not have the coins on hand, and transfer them via Gox or otherwise after the auction. |
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Is the order for the chips placed yet? Are we waiting on something?
It's placed long time ago. Check a few pages back. |
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The usb sticks are going to be a huge success, but we desperately need something better than bidding in the auction forum here to sell them; the last couple minutes of the last auction were a bit crazy, and many bidders got blocked out with the last second frenzy by the anti-spam settings for the forum.
Problem is, how to set this all up on a solid auction forum? We can at least have some vetting on the bidders to some extent when they take place on this forum, but as the volume of the auctions ramps up, I fear this will become an unmanageable mess.
Probably most bidders should know by now to turn off those settings when they want to bid. Or in the OP for the auction it should be stated as a suggestion. Not sure how realistic it is to auction all the USB sticks, maybe batches of 100 max each? You could make it a reverse auction, where ASICMINER will set an initial price (presumably high), and everyone who wants in on that price bids x# of units. If all 100 are spoken for at that price, then an auction will start, with the bidding to start at the initial price, with a specified end date. This should weed out the period of initial low bids (see last ASICMINER auction where a lot of time and thread space was wasted for the bids between 9 to 30 BTC when the 30-50 BTC was what really mattered). At the end date and time, additional bids extend the auction by 5 minutes. If all 100 are not sold at that initial price, then every hour/pre-determined time period, the price will drop by 0.5BTC, until there are enough unit bids to reach 100, at which point the auction ends, and the first 100 bids will pay the same price. Seems feasible and a lot more easy.  |
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The usb sticks are going to be a huge success, but we desperately need something better than bidding in the auction forum here to sell them; the last couple minutes of the last auction were a bit crazy, and many bidders got blocked out with the last second frenzy by the anti-spam settings for the forum.
Problem is, how to set this all up on a solid auction forum? We can at least have some vetting on the bidders to some extent when they take place on this forum, but as the volume of the auctions ramps up, I fear this will become an unmanageable mess.
Aren't there already dedicated bitcoin auction sites? Why not give each of them some quantity to auction off? And for the next rounds, prefer the one(s) that sell at the highest prices... How would you prevent shill/joy bidding then? I've seen auctions in bitmit destroyed by shill bids as it's easy to make an account to bid. In this forum, we have newbie restrictions. |
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Hmm... I'm not sure of how a Dutch auction for multiple goods would work. It would confuse some bidders too (heck, I've been getting PM's on how basic auctions work) |
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Hello,
It's been some days I cannot access to bitcointalk with my real IP address, it says it is banned and I don't understand why.
Could you unban it?
Thank you.
You probably had another sock puppet which was banned for spamming/trolling. |
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5 might be too long  I think youre right. Otherwise everyone would wait 5 mins with the "last" bid and it would grow indefinitely. But 1 min might help. Though i dont know if its enough time to get around the trouble of not being allowed to post? Hmm... There should be a guide at the OP to disable the warning where if someone posted first. 1 minute should be enough for those who has not done so anyway as the auction is already extended by 1 minutes. Yeah, the secret ballot style auction might work too as I said above, but I sell prefer the auction extension style.More transparent. |
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So 2941.66 BTC were paid out as dividend and 2000 BTC are kept for ICs. That must be really hard to get ones when they are $236000.  And the dividend would have been 2/3 higher if that didnt happen. Good news for next week i guess. The usb sticks are going to be a huge success, but we desperately need something better than bidding in the auction forum here to sell them; the last couple minutes of the last auction were a bit crazy, and many bidders got blocked out with the last second frenzy by the anti-spam settings for the forum.
Problem is, how to set this all up on a solid auction forum? We can at least have some vetting on the bidders to some extent when they take place on this forum, but as the volume of the auctions ramps up, I fear this will become an unmanageable mess.
I would vote for an 5 min extension of the auction lifetime after the last bid was placed. That should help in the last minutes to solve many problems. And in auction start thread the user are guided to go into forum user settings and auto detect their timezone + setting their like in regards to 12/24 hours view. So that everyone can see the timecode of the last bid and can calculate 5 mins on top to ensure when the auction ends now. 5 might be too long |
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The usb sticks are going to be a huge success, but we desperately need something better than bidding in the auction forum here to sell them; the last couple minutes of the last auction were a bit crazy, and many bidders got blocked out with the last second frenzy by the anti-spam settings for the forum.
Problem is, how to set this all up on a solid auction forum? We can at least have some vetting on the bidders to some extent when they take place on this forum, but as the volume of the auctions ramps up, I fear this will become an unmanageable mess.
I am suggesting that the auction be extended by 1 minutes per bid. Probably the use of PM'ed secret bids might work too. Holding the auction here has the advantage of being transparent and publicly known. I've had a ton of newbies PM'ing on this. (and bidding later) |
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Escrow contract: http://pastebin.com/raw.php?i=RWKMSbSbThanks, John -----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 The escrow address for t13hydra's group buy would be: 12o8iQqAve6yN6QnjhVg1yuaASb66jPJhs Please state and agree to the conditions (if item is received damaged, item lost with tracking, customs fee etc) beforehand. If possible, GPG sign your agreement to prevent any discrepancies later on and please ship with tracking to prevent problems during delivery. GPG signing is not a requirement, and any verbal exchange in the form of private messages or posts on bitcointalk.org, or email is effective as a statement of condition. The fine print: This Contract is solely generated for the purpose of facilitating the transaction between the seller and the buyer, which refers to the pseudonyms used on bitcointalk.org. The escrow holder, John, assumes and gives no liability or guarantees on the satisfaction of all parties involved, although he agrees to mediate and facilitate the deal to the fullest extent he is capable of. On the event that any problems arises, he will release the escrow to whichever party that presents him with the most convincing proof and/or after an open discussion with others or theymos. The verbal acceptance by both parties (or the failure to reject) and the sending of Bitcoins to the escrow address above constitutes the acceptance of the terms and conditions stated, and the activation of this Contract. Please understand that I am assuming the risk of holding the escrowed Bitcoins, and I am using my own time to facilitate this transaction. I am imposing a fixed fee of 2% for this transaction, pre-paid (or otherwise) to 1NB1KFnFqnP3WSDZQrWV3pfmph5fWRyadz . Thank you. John (the escrow holder) 2 May 2013 -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.11 (MingW32) iQIcBAEBAgAGBQJRgdrDAAoJEINT5jezqu6wRI8P/3BVECO53o0jv/3peRyf06j0 pKIigTWDPRrlLXhwxC9jNuUTsBP1ZNklhLqsf9XPTUGUdhMtg5l0Yjukt7QuZJTn K5RdLylg3YyFs5SkIzFfkL9VAOAU60LAYLrpsZjUk4Qki1PU3R1haodoB7B9/5oG p7U7QQXgFBqKr64mJqDcMjrdvWpm0WquqqSmPtPhWYpdOEdu9QVxD5WsGDqPOW3S J6IbiQQxu3rZaKMWZemRrs8jLJQDPZjHJcCfg/jxwmZxPB87HGAkckcE2AJ/MLPh dl6E5PFHbOLPYAbtf8XpoIJMuDzX9qFK/4qmWw8C1pj68mzixGo562SVG8jUHXth K6bj13iXFS6G+0LYWzPJB9muP8i3EWRxbOLlqZsK0hioBBOuc1d9+WvjmrAWdrDJ 7MlZ5ATL9V/Dn4No5IryumoxZORIdrvuHK1OJieDmqF2sIeCqbNM9NqslJ0MeNuV khE5pdQZ/i/n8aMjocQyWN+tkAfNLyhELX9F5Uusk9zJ1jffXXrZyuU/4dMCuLlt 36qyo15alav0nNagXHrvauinEt+kJPVXWF/VQdHzMMZnXqT4nSnUH/Lx7UHEhE6G lO6cLvo0lanfq3+WY1LaKaQuFSgHGmwzX5sy0c0k5udNHZeOwe2d9RvZJ49W7ETP 6TYyaTcMrnCCl7M3EoXt =KvuC -----END PGP SIGNATURE----- |
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This is my 2nd week as an AM share owner. :-) Do the satoshis come every week? Why? I figured they were a means of accounting for share ownership/transfers and therefore would only happen whenever a transfer was executed, not every week...
Welcome on the boat!  Yes, they do when the divs are coming out. It's just to confirm the amount of shares you hold. (so that you know if you wasn't credited with the appropriate amount of shares) |
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Not really sure how finding an escrow works, but I have a post below selling a $300 amazon code and have a deal in the works, need an escrow. Would prefer a poster with a lot of posts and trading history. I have no ideas what kind of escrow fees are usually paid, but I will offer .05 BTC to the escrow. It is for a total of 2.45 BTC, so the escrow would receive 2.45 and send me 2.4
Thanks
I can do if you need it. I guess I've escrowed a ton of transactions here and I've lost count of how much I escrowed. I did about 2-3k BTC worth of escrows last week I think. Ok cool thanks. I PM'ed the other user and asked him to reply to this thread to give the go ahead to the deal. Or just PM me as I might miss this thread, thanks. |
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Now? If the prices aren't exorbitant... *throws bicoin piggy bank at kslaughter, provided escrow is used or he sends first* Probably later? Nah. |
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Not really sure how finding an escrow works, but I have a post below selling a $300 amazon code and have a deal in the works, need an escrow. Would prefer a poster with a lot of posts and trading history. I have no ideas what kind of escrow fees are usually paid, but I will offer .05 BTC to the escrow. It is for a total of 2.45 BTC, so the escrow would receive 2.45 and send me 2.4
Thanks
I can do if you need it. I guess I've escrowed a ton of transactions here and I've lost count of how much I escrowed. I did about 2-3k BTC worth of escrows last week I think. |
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Confirmation satoshis!!
+1! Has it ever been discussed about making an AM announcement thread that's locked so that friedcat can just post the announcements there and keep all the pleeb talk in a seperate thread? At this rate, I think it would be better for friedcat to make another thread for the actual announcements. This particular thread is starting to turn to AM general talk.  |
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Confirmation satoshis!!
+1! |
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Zefir no longer allows the transfer of chip ownership AFAIK. |
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I personally support only promoting one blockchain for currency purposes: BTC. More than one blockchain, all of them based on almost identical software, providing the same currency function, is confusing and unnecessary.
This +1. |
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