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Author Topic: The Bitcoin Auction Game  (Read 1291 times)
Coincomm (OP)
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August 21, 2012, 05:50:01 PM
 #1
This game involves me auctioning off a Bitcoin for Bitcoins with the following rule: the Bitcoin goes to the highest bidder, who pays the amount he bids. The second-highest bidder also must pay the highest amount that he bid, but gets nothing in return. People who don't pay get a SCAMMER tag next to their name.

Winner and second-highest bidder pays here: 1NT3AGJaYra5Zy71zXMz5vxpZsJW9FjSnP

The winner will be paid at their posted Bitcoin address. Auction starts at .01 Bitcoins. Go.
Coincomm (OP)
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August 21, 2012, 05:51:15 PM
 #2
It ends on the 28th Eastern time.
Coincomm (OP)
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August 21, 2012, 06:29:01 PM
 #3
Quote from: Coincomm on August 21, 2012, 05:51:15 PM
It ends on the 28th Eastern time.
Midnight Eastern Standard time.
rebuilder
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August 21, 2012, 06:31:34 PM
 #4
I bid 0.02 BTC on behalf of IRC user EmanuelDeOrtego.

Return address:
18A6wh7KAaH4TkEH9iZDeTAeKwGwqEHxuW
Selling out to advertisers shows you respect neither yourself nor the rest of us.
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danieldaniel
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August 24, 2012, 06:09:03 PM
 #5
.03 BTC. 

17QAPwXnqXX771j2CB7y2ahuoX76X4aipv
▓▓▓ BITMIXER.IO ▓▓▓▓▓▓ High Volume Bitcoin MIXER ▓▓▓
softwareseller
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August 26, 2012, 12:09:37 PM
 #6
This is ridiculous. Any reasonable ppl would bid 0.999999BTC in the last.
A list of things I sell   [Feedbacks of my history sales]
Grinder
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August 26, 2012, 12:16:05 PM
 #7
Quote from: softwareseller on August 26, 2012, 12:09:37 PM
This is ridiculous. Any reasonable ppl would bid 0.999999BTC in the last.
Problem is, it doesn't stop there. If you've already bid 0.98 it will only cost an extra 0.03 btc to have the winning bid and get 1 btc instead of nothing, and then the same goes for the guy who bid 0.99. It's a suckers game.
giantdragon
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August 26, 2012, 01:57:28 PM
 #8
It is Martin Shubik's dollar auction. In this game only one winning solution exist - not to play!

http://www.youtube.com/watch?v=NHWjlCaIrQo
nimda
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August 27, 2012, 11:30:05 PM
 #9
Quote from: giantdragon on August 26, 2012, 01:57:28 PM
It is Martin Shubik's dollar auction. In this game only one winning solution exist - not to play!

http://www.youtube.com/watch?v=NHWjlCaIrQo
Or have nobody else play and win it at 0.03 BTC Grin
Quote from: danieldaniel on August 24, 2012, 06:09:03 PM
.03 BTC. 

17QAPwXnqXX771j2CB7y2ahuoX76X4aipv
Coincomm (OP)
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August 28, 2012, 02:22:15 AM
 #10
Any other bids?
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August 28, 2012, 02:28:42 AM
 #11
EmanuelDeOrtego from Freenode IRC bids .1 BTC

;>_<
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