zefir (OP)
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February 15, 2013, 08:54:46 PM |
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PM.6: update 100 @ 0.33 -> 100 @ 0.38
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ghostshirt
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February 15, 2013, 09:01:19 PM |
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So, to make some things clear, my bid is 300 @ 0.37 at the moment. Can I change it to 200 @ 0.39 or is it against the rules? All I can do is to update is as 300 @ some price above 0.37? Sorry about this. I got confused.
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Vezunchik
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bitcoin is an expression of freedom.
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February 15, 2013, 09:18:21 PM |
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So, to make some things clear, my bid is 300 @ 0.37 at the moment. Can I change it to 200 @ 0.39 or is it against the rules? All I can do is to update is as 300 @ some price above 0.37? Sorry about this. I got confused. Now I can understand why people needs lawyers - every rule may be interpreted in many ways and there is always weak points in it...
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zefir (OP)
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February 15, 2013, 09:26:52 PM |
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Upon multiple requests from bidders, I want to clarify one burning question. When and how is this going to endThe OP states Auction starts immediately effective and ends with one of these events happening first: 1) 2013-02-16T20:00Z (Saturday, 2013-02-16 20:00 UTC) && no counterbidding during past 12h 2) ASICMINER pays first dividend
The second condition should be clear, since it is a defined event. To be more precise, it is the time when the dividend payments for the 5k shares propagate the network (received time). If this will be the ending event, I'll post the related transaction ID and invalidate all bids placed thereafter. The first condition should be obvious for those who ever bid on ricardo. It requires that a) the given deadline passed and b) that during the previous 12h no counter-bids were placed. This is typically used to prevent bid snipers from getting the item at the deadline's very last second. In addition to that and in light of this being a global auction, I put it to be a 12h silent period to even out time-zone effects. As one bidder pointed out, this opens the door for someone to prolong the auction to infinity. Well almost, since the second event (first divs payment) is an absolute deadline. Plus, since it is required to counter-bid (i.e. modifying the previous distribution, bidding below outbid is ignored) doing this costs the bidder something and he won't do it just for fun. tl;dr: in worst case, you will receive your shares shortly after first ASICMINER dividend payments, in best case when the trading platform opens (which is only shortly before).
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zefir (OP)
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February 15, 2013, 09:35:47 PM |
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So, to make some things clear, my bid is 300 @ 0.37 at the moment. Can I change it to 200 @ 0.39 or is it against the rules? All I can do is to update is as 300 @ some price above 0.37? Sorry about this. I got confused. Now I can understand why people needs lawyers - every rule may be interpreted in many ways and there is always weak points in it... That's why they are so expensive and we should try to avoid them @ghostshirt: No, you can't just drop an existing bid of 300 @ 0.37 and change it to 200 @ 0.39. Isn't that obvious, since otherwise someone changing his mind would just update to higher bids with less shares until he reaches zero. What you can do is: split your existing bid of 300 @ 0.37 into two blocks (200 + 100) and update 200 shares to 0.39, ending with 100 @ 37 + 200 @ 39. Does the auction board really have no defined rules. If so, they are obviously overdue
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ghostshirt
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February 15, 2013, 09:54:35 PM |
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So, to make some things clear, my bid is 300 @ 0.37 at the moment. Can I change it to 200 @ 0.39 or is it against the rules? All I can do is to update is as 300 @ some price above 0.37? Sorry about this. I got confused. Now I can understand why people needs lawyers - every rule may be interpreted in many ways and there is always weak points in it... That's why they are so expensive and we should try to avoid them @ghostshirt: No, you can't just drop an existing bid of 300 @ 0.37 and change it to 200 @ 0.39. Isn't that obvious, since otherwise someone changing his mind would just update to higher bids with less shares until he reaches zero. What you can do is: split your existing bid of 300 @ 0.37 into two blocks (200 + 100) and update 200 shares to 0.39, ending with 100 @ 37 + 200 @ 39. Does the auction board really have no defined rules. If so, they are obviously overdue Thanks for the clarification. However, I believe that we can think this auction as follows: there are 50 units of the same entity (100 shares) that are being auctioned at the same time. Since the minimum amount is 1 unit (100 shares), I can lower my bid only to 1 unit, right? 300, then 200, then 100 shares and that's it. If I start bidding for 3 units, at certain point my budget would might allow me bid for only 1 unit. That does not sound implausible to me but rules are rules at the end.
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zefir (OP)
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February 15, 2013, 10:18:39 PM |
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Thanks for the clarification. However, I believe that we can think this auction as follows: there are 50 units of the same entity (100 shares) that are being auctioned at the same time. Since the minimum amount is 1 unit (100 shares), I can lower my bid only to 1 unit, right? 300, then 200, then 100 shares and that's it. If I start bidding for 3 units, at certain point my budget would might allow me bid for only 1 unit. That does not sound implausible to me but rules are rules at the end. Hmm? Ack for the first part (treating the shares as blocks of 100), but not for the second part. See for yourself: * go to eBay and start bidding in a multi-item auction (say someone sells 50 USB cables) * you bid for 10 items at 0.3$ each * that bid becomes binding, i.e. all you can do is increase the price for some items * no way you can drop that bid and change to e.g. 7 at 0.4$ each * if noone outbids you, you are going to get 10 cables, no matter what To me that's the only reasonable way to implement binding bids, not?
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Vezunchik
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bitcoin is an expression of freedom.
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February 15, 2013, 10:27:54 PM |
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200@0.38#94 - Confirmed 200@0.38 - The new one
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kjj
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February 15, 2013, 10:50:51 PM |
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Quick question... Will the first dividend be paid to the winners?
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17Np17BSrpnHCZ2pgtiMNnhjnsWJ2TMqq8 I routinely ignore posters with paid advertising in their sigs. You should too.
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Vezunchik
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bitcoin is an expression of freedom.
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February 15, 2013, 10:57:16 PM |
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If you worry about situation when you have 100@0.3 100@0.5 and +20 BTC, but 100@0.2 is under outbid price and you want ~300@0.333 - then that's the problem. On eBay all items for any bid has the same price, growing up. My be here we must say "Summary BTC ammount for any bid growing up". For example 100@0.3->100@0.3(30->30 BTC) 100@0.5-> 200@0.35(50->70 BTC)? Thanks for the clarification. However, I believe that we can think this auction as follows: there are 50 units of the same entity (100 shares) that are being auctioned at the same time. Since the minimum amount is 1 unit (100 shares), I can lower my bid only to 1 unit, right? 300, then 200, then 100 shares and that's it. If I start bidding for 3 units, at certain point my budget would might allow me bid for only 1 unit. That does not sound implausible to me but rules are rules at the end. Hmm? Ack for the first part (treating the shares as blocks of 100), but not for the second part. See for yourself: * go to eBay and start bidding in a multi-item auction (say someone sells 50 USB cables) * you bid for 10 items at 0.3$ each * that bid becomes binding, i.e. all you can do is increase the price for some items * no way you can drop that bid and change to e.g. 7 at 0.4$ each * if noone outbids you, you are going to get 10 cables, no matter what To me that's the only reasonable way to implement binding bids, not? I know, i know. I'll make no posts causing disputes or doubts from this moment - just bids.
But what can I do with my nature...
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Vezunchik
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bitcoin is an expression of freedom.
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February 15, 2013, 11:01:23 PM |
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Quick question... Will the first dividend be paid to the winners?
- short term: you will get 0.1BTC per share dividends from mining income, no matter what
... Happy bidding, zefir Clearly wrote.
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mb300sd
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Drunk Posts
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February 16, 2013, 12:19:36 AM |
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500 @ 0.38
Replaces all previous bids.
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1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
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asnonmous
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February 16, 2013, 12:51:15 AM |
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5000 @ 0.39
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🏰 TradeFortress 🏰
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👻
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February 16, 2013, 01:53:13 AM |
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Current bidding state (2013-02-13T21:30Z):
-----Bidder----- --Amount-- --BTC/Share-- superbit 100 0.32 PM.4 200 0.32 skibum 100 0.31 wisard 200 0.31 Vezunchik 400 0.31 TradeFortress 100 0.31 DiabloD3 300 0.31 PM.2 800 0.31 DiabloD3 300 0.30 SaintFlow 100 0.30 Vezunchik 300 0.30 ThickAsThieves 200 0.30 kjj 100 0.30 PM.2 700 0.30 Vezunchik 100 0.30 wisard 200 0.30 PM.3 800 0.30 --------------- Outbid ---------------- PM.3 2500 0.30 Blazr 100 0.30 superbit 100 0.30 ---------------- ---------- -----------
zefir, pleasure correct bid order: SaintFlow 100@0.3 was in 9 post. Vezunchik 300@0.3 was in 9 post. PM.2 700@0.3 was in 22 post. Blaz 100@0.3 was in 24 post. PM.3 3300@0.3 was in 26 post. so PM.2 800 0.31 DiabloD3 300 0.30 Vezunchik 300 0.30 SaintFlow 100 0.30 .... kjj 100 0.30 Vezunchik 100 0.30 PM.2 700 0.30 wisard 200 0.30 Blazr 100 0.30 superbit 100 0.30 PM.3 2500 0.30 What? Where's mine and a lot of other people bid..
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skibum
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February 16, 2013, 09:41:56 AM |
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I am increasing my bid: - OLD BID: 100 @0.31BTC
- NEW BID: 100 @0.38BTC
Thank you
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skibum
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February 16, 2013, 09:47:03 AM |
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Oops, I did not notice the bid from asnonmous (post #113). I am increasing my bid: - OLD BID: 100 @0.38BTC
- NEW BID: 100 @0.40BTC
Thank you
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zefir (OP)
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February 16, 2013, 10:00:15 AM |
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200@0.38#94 - Confirmed 200@0.38 - The new one You mean you add a new bid 200 @ 0.38 to the existing 200 @ 0.38 one? You're confusing me , but it is outbid now anyhow. Please clarify if you want it added.
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zefir (OP)
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February 16, 2013, 10:01:29 AM |
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Quick question... Will the first dividend be paid to the winners?
- short term: you will get 0.1BTC per share dividends from mining income, no matter what
... Happy bidding, zefir Clearly wrote. Confirmed.
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ghostshirt
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February 16, 2013, 10:22:37 AM |
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Please update my bid as: 200 @ 0.40 100 @ 0.39
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zefir (OP)
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February 16, 2013, 10:37:05 AM |
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Current bidding state (2012-02-16T10:30Z) up to post #119:
-- # -- -----Bidder----- --Amount-- --BTC/Share-- 93 wisard 300 0.40 116 skibum 100 0.40 119 ghostshirt 200 0.40 113 asnonmous 4400 0.39 -------------------- Outbid ------------------- 113 asnonmous 600 0.39 119 ghostshirt 100 0.39 82 kjj 100 0.38 84 LainZ (PM) 100 0.38 93 wisard 200 0.38 94 Vezunchik 200 0.38 101 PM.6 100 0.38 112 mb300sd 500 0.38 62 bitcad 100 0.37 78 asnonmous 5000 0.37 47 wisard 300 0.36 63 DiabloD3 200 0.36 77 PM.3 4500 0.36 44 PM.8 1400 0.35 59 PM.7 5000 0.35 47 wisard 300 0.34 53 ahdinosaur 200 0.34 44 PM.7 1000 0.33 50 DiabloD3 100 0.33 59 PM.9 200 0.33 30 superbit 100 0.32 34 PM.4 200 0.32 43 ThickAsThieves 300 0.32 31 Vezunchik 400 0.31 32 TradeFortress 100 0.31 34 PM.2 800 0.31 8 Vezunchik 300 0.30 9 SaintFlow 100 0.30 16 kjj 100 0.30 21 Vezunchik 100 0.30 22 PM.2 700 0.30 23 wisard 200 0.30 24 Blazr 100 0.30 25 superbit 100 0.30 26 PM.3 3300 0.30 69 qukkM 200 0.30 ------- ---------------- ---------- -----------
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