BlockRun.com - Penny auctions on the blockchain

[dipsy]

do not support! it is a get-rich-scheme for the supplier!

you can find the game theorie behind here:

http://en.wikipedia.org/wiki/Dollar_auction

yes, and so far they are a little over breaking even by my estimates.

Actually, we are still down overall but margins are on average improving. That's fine though, we knew it would take a little while to get going and have the cash to subsidise things 

The Pebble's showing a bit of interest: http://www.blockrun.com/auctions/pebble-watch-2

[pheaonix]

ugh i am sorry blockrun i was about to bid on the ipad.

grats to whoever won it.

[SgtSpike]

ugh i am sorry blockrun i was about to bid on the ipad.

grats to whoever won it.

That'd be me.    I think I got lucky - three very quick blocks in a row, within 1 minute of each other.

[pheaonix]

ugh i am sorry blockrun i was about to bid on the ipad.

grats to whoever won it.

That'd be me.    I think I got lucky - three very quick blocks in a row, within 1 minute of each other.

its a small world after all now double my minecraftcc payments :3

[SgtSpike]

ugh i am sorry blockrun i was about to bid on the ipad.

grats to whoever won it.

That'd be me.    I think I got lucky - three very quick blocks in a row, within 1 minute of each other.

its a small world after all now double my minecraftcc payments :3

LOL no.

[vlees]

Actually, this does not work like a Penny Auction. In a penny auction, you always bid a fixed amount. Here you have to pay the actual amount you are willing to pay immediately instead of bidding $1 a hundred times.

So, it works differently, and it's easier for "gamblers" to see what they spend and what they get in return.

[grue]

Actually, this does not work like a Penny Auction. In a penny auction, you always bid a fixed amount. Here you have to pay the actual amount you are willing to pay immediately instead of bidding $1 a hundred times.

So, it works differently, and it's easier for "gamblers" to see what they spend and what they get in return.

It still falls under the umbrella of bidding fee auction or "all pay" auction.

[cp1]

I was watching the pebble and the ipad totally slipped my mind.  It is odd to have these auctions that go for 2500 minutes with no action, and then all the bids come in the last 40-50 minutes.  It would be nice if there were auctions ending every couple hours so there'd be more constant action, instead of 40 hours of nothing and then an hour of bidding.

[001sonkit]

Argh... too sleepy last night, slept 3AM (~3PM on America), was thinking of some biddings but zzzz......

[001sonkit]

OH! NEW 1 BTC to be bid.... in my dreams~~ slept by that time, have fun.
Thinking of what shall i try today'
Meanwhile facepalmming on how illogical people play here, good for ya dispy

[dipsy]

That'd be me.    I think I got lucky - three very quick blocks in a row, within 1 minute of each other.

Congrats, you got a super good deal!!

Closing today

Sphero (robot ball): http://www.blockrun.com/auctions/sphero-1
Tetris Light: http://www.blockrun.com/auctions/tetris-light
Minecraft Wallet: http://www.blockrun.com/auctions/minecraft-wallet
1 Bitcoins: http://www.blockrun.com/auctions/1-bitcoin-14

The difficulty is literally about to change, so that should spice the blocks up a little bit!

Don't forget to sign up for email notifications on each auction page  

[cp1]

Any chance you could let users post bitcoins or merchandise for bidding?

[dipsy]

Closing Now

Pebble Smart Watch:
http://www.blockrun.com/auctions/pebble-watch-3

1 Bitcoin:
http://www.blockrun.com/auctions/1-bitcoin-16

Nexus 7 Tablet:
http://www.blockrun.com/auctions/nexus-7-tablet

Any chance you could let users post bitcoins or merchandise for bidding?

Interesting, would you like to list your own products in an ebay-style auction, or a BlockRun type auction?

[001sonkit]

I guess he mean a service like you being an escrow man and issue his things with BlockRun Style.

Gah, block is not even walking now....

I also found a thing funny that you make the email not on the time when the n-3 block came, but you make it n-4 + 10 minutes


https://blockchain.info/tx/cbe4f2827e7ce62136db9f403c492d36b61b246e4a0ef05947bf978613026644

Still being curious on the irrationality on the human brain. (Or did i suppose everyone knows game theory..?)

[001sonkit]

Ah... CRAP... when i click send tx, suddenly DING..... = =, my click was like 1 seconds after the 0.16 came.... seriously - -

[dipsy]

I guess he mean a service like you being an escrow man and issue his things with BlockRun Style.

I also found a thing funny that you make the email not on the time when the n-3 block came, but you make it n-4 + 10 minutes

That's something we might look at, would anyone else be interested in creating their own listings?

I assume you mean the "blockrunning" notification emails? There is a slight delay with mailchimp sending out their mails, so we actually send it slightly earlier (<1 block)  

Pebble is blockrunning and getting some interest:
http://www.blockrun.com/auctions/pebble-watch-3

[SgtSpike]

I guess he mean a service like you being an escrow man and issue his things with BlockRun Style.

I also found a thing funny that you make the email not on the time when the n-3 block came, but you make it n-4 + 10 minutes

That's something we might look at, would anyone else be interested in creating their own listings?

I assume you mean the "blockrunning" notification emails? There is a slight delay with mailchimp sending out their mails, so we actually send it slightly earlier (<1 block)  

Pebble is blockrunning and getting some interest:
http://www.blockrun.com/auctions/pebble-watch-3

If it were me, and I was running BlockRun, I would only allow people to list items themselves if they first sent those items to me.  That way, I could inspect them, make sure they work and are in good condition, etc.  I would also ship those items out myself.  I would charge maybe 25% of the bids for the item in exchange for this service.

I wouldn't step into the escrow world directly with a service like this.  What would be the resolution for a he-said, she-said debate between people?  He says he shipped the item, she says she received a brick.

[001sonkit]

Wait,,, what- -... my move was eaten by own TX fee..... CRAP...
Would this be rejected... i guess?
Or did i just dumps some BTC into the abyss?

[dipsy]

Pebble is blockrunning and getting some interest:
http://www.blockrun.com/auctions/pebble-watch-3

If it were me, and I was running BlockRun, I would only allow people to list items themselves if they first sent those items to me.  That way, I could inspect them, make sure they work and are in good condition, etc.  I would also ship those items out myself.  I would charge maybe 25% of the bids for the item in exchange for this service.

I wouldn't step into the escrow world directly with a service like this.  What would be the resolution for a he-said, she-said debate between people?  He says he shipped the item, she says she received a brick.

The logistics involved with that would be insane and make the whole thing not worthwhile. We have thought about doing some kind of user generated auction thing, but you're right, we'd have to be very careful to stop people from scamming!

[dipsy]

Wait,,, what- -... my move was eaten by own TX fee..... CRAP...
Would this be rejected... i guess?
Or did i just dumps some BTC into the abyss?

If the bid is accepted into a block before the end of the auction, it is not refunded. Due to the fact it is a peer to peer network and miners accepts some transactions before others, we can't know for sure if one bid came before another. The only thing we can be sure of is if a bid is in a block (sorry!)

Pebble is going quite cheap:
http://www.blockrun.com/auctions/pebble-watch-3

These watches are worth about BTC2 on the second market right now