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Author Topic: REVERSE AUCTION - Bitcoin Penny™ Signature Campaign  (Read 2560 times)
BitcoinPenny (OP)
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May 18, 2016, 01:41:44 PM
 #1

We thought it might be fun to start a small Bitcoin Penny™ signature campaign, and it might be interesting to run it as a REVERSE auction.

I'll start the auction by offering a reward of .100 BTC to the winner for adding a simple Bitcoin Penny™ advertisement to his or her forum signature for a minimum of thirty (30) days. (Please see my signature for an example advertisement.)

If someone would like to accept this offer and add our Bitcoin Penny™ advertisement to his or her signature in exchange for that amount, then he or she would start the bidding at .100 BTC.

If someone else would like to add our Bitcoin Penny™ advertisement in exchange for a little less, then he or she would bid a little lower. Perhaps .099 BTC.

If someone else would like to add our Bitcoin Penny™ advertisement in exchange for a little less, then he or she would bid a little lower. Perhaps .097 BTC.

And so forth and so on.

The rules are as follows: The winner of the auction will be the bidder with the lowest bid. Bidding starts at .100 BTC with bidding increments of -.001 BTC. (See examples above.) The auction will end exactly twenty-four (24) hours after the lowest bid is placed. The winning bidder agrees to display the Bitcoin Penny™ advertisement in his or her forum signature space for a minimum period of thirty (30) consecutive days. All changes to that Bitcoin Penny™ advertisement must be approved in advance by The Bitcoin Penny Company. The winning bidder must have neutral (black) or positive (green) feedback only. The winning bidder's account must be at least thirty (30) days old with a minimum of one hundred (100) forum activity at the time of bidding. The winning bidder must agree to make a minimum of fifty (50) quality posts within the thirty (30) days. All posts must adhere to BitcoinTalk policies and may not include offensive or derogatory language in regard to any race, religion, sex, sexual preference, or country of origin. Making fun of Donald Trump is totally acceptable. The winning bid will be paid out in two (2) installments of equal amounts. The first payment will be made once the auction has ended, the winning bidder announced, the advertisement design agreed upon by both parties, and before the first forum post is made by the winning bidder. The second payment will be made at the end of the thirty (30) days if all terms were met by the winning bidder in regards to post count, post quality, and all other aspects. The end.

Good luck, everyone!

Regards,
Chris
The Bitcoin Penny Co.

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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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May 18, 2016, 01:43:06 PM
 #2

Haha.
Sounds great Chris.

0.1BTC
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May 18, 2016, 04:49:07 PM
 #3

Don't want to join a Sig.
But had to comment , Great idea Chris!! Cheesy

And love the Donald Trump Part Cheesy Cheesy Cheesy

Good luck!
am sure you will get ~0.05 as winning Smiley
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May 18, 2016, 04:52:13 PM
 #4

I retract my bid.
Just saw that I need atleast a 100 activity.   Undecided
BitcoinPenny (OP)
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May 18, 2016, 05:01:49 PM
 #5

I retract my bid.
Just saw that I need atleast a 100 activity.   Undecided

Yes, I noticed your sub-100 activity when you placed the bid, but I was going to make an exception for you since you're an established and valued customer of The Bitcoin Penny Co. Wink

However, I'll be happy to consider the bid retracted, if you like. Smiley

Regards,
Chris

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minerjones
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May 18, 2016, 05:05:13 PM
 #6

0.1BTC

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cryptoheadd
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May 18, 2016, 05:18:37 PM
 #7

I retract my bid.
Just saw that I need atleast a 100 activity.   Undecided

Yes, I noticed your sub-100 activity when you placed the bid, but I was going to make an exception for you since you're an established and valued customer of The Bitcoin Penny Co. Wink

However, I'll be happy to consider the bid retracted, if you like. Smiley

Regards,
Chris

Hey Chris,
Thanks a lot.

If I can place a bid then - 0.099.
If not, that's okay as well. Grin
BitcoinPenny (OP)
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May 18, 2016, 05:22:45 PM
 #8

Hey Chris,
Thanks a lot.

If I can place a bid then - 0.099.
If not, that's okay as well. Grin

You are always welcome to place a bid in any of our auctions. Wink

Regards,
Chris

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stiffbud
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May 19, 2016, 01:49:27 AM
 #9

I'm interested. Can I place a bid?
0.098 BTC for me.

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BitcoinPenny (OP)
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May 19, 2016, 01:52:26 AM
 #10

I'm interested. Can I place a bid?
0.098 BTC for me.

Absolutely! The winning bid is now 0.098 from stiffbud. Smiley

Me

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May 19, 2016, 05:39:15 AM
 #11

I'd like to make a bid of 0.097, can you let me know if it's accepted?

I especially like the rule where you explicitly allow making fun of Donald Trump, cheers Smiley

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May 19, 2016, 05:57:04 AM
 #12

0.096
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May 19, 2016, 06:23:16 AM
 #13

0.09
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May 19, 2016, 06:34:50 AM
 #14

.095
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May 19, 2016, 06:45:03 AM
 #15

.095

It's a reverse auction... you bid a lower price instead of a higher one Wink

That being said, i'll lower my bid to 0.089 (cryptoheadd's bid)

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May 19, 2016, 06:46:19 AM
 #16

0.085
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May 19, 2016, 06:55:05 AM
 #17

0.085

My next bid: 0.084... Wow this auction is gaining some nice momentum Smiley

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May 19, 2016, 07:00:21 AM
 #18

That moment if someone simply decides to up the game with a few satoshis haha, this is amusing

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May 19, 2016, 07:01:06 AM
 #19

0.08
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May 19, 2016, 07:05:20 AM
 #20

.095

It's a reverse auction... you bid a lower price instead of a higher one Wink

That being said, i'll lower my bid to 0.089 (cryptoheadd's bid)

Didnt you realize that cryptohead isnt eligible to place bids here since the requirement is atleast 100 activity?
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