Jonathan Ryan Owens (OP)
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Activity: 392
Merit: 252
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November 12, 2011, 09:21:24 AM |
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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avoid3d
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Activity: 70
Merit: 10
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November 12, 2011, 09:32:34 AM |
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Clever:
I bid 0.5BTC
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avoid3d - Pierre Hugo
1avoid9FDvP15aKNyPGgJPcxfzMFM4Af6
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avoid3d
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Activity: 70
Merit: 10
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November 12, 2011, 09:33:48 AM |
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There is plenty of room for inside manipulation here. you could just make a shill account and bid 1 BTC, defrauding the previous bidder out of their contribution
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avoid3d - Pierre Hugo
1avoid9FDvP15aKNyPGgJPcxfzMFM4Af6
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avoid3d
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Activity: 70
Merit: 10
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November 12, 2011, 09:37:09 AM |
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Also, the wiki entry doesn't say what happens in the case of only one bidder  |
avoid3d - Pierre Hugo
1avoid9FDvP15aKNyPGgJPcxfzMFM4Af6
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deepceleron
Legendary
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Activity: 1512
Merit: 1032
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November 12, 2011, 09:39:26 AM |
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The problem will be compelling all the losing bidders to pay their bids...
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Jonathan Ryan Owens (OP)
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Activity: 392
Merit: 252
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November 12, 2011, 09:42:03 AM |
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The problem will be compelling all the losing bidders to pay their bids...
1. Theymos / Admins can see my IP. Granted, I *could* use a VPN and could bid it up, but that's a whole lot of work for what is really just good fun. 2. If the loser doesn't pay up, I guess they're a scammer and coul get a bunch of x's or at least a bad rep. 3. If there's no 2nd bidder, you win the 1 BTC for 0.5 BTC -Jonathan |
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Jonathan Ryan Owens (OP)
Donator
Sr. Member
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Activity: 392
Merit: 252
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November 12, 2011, 10:11:39 AM |
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ALMOST FORGOT!!
AUCTION ENDS AT 11:59PM PST ON 11/12/2011 (JUST UNDER 24 HOURS FROM NOW)
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deepceleron
Legendary
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Activity: 1512
Merit: 1032
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November 12, 2011, 10:29:52 AM |
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Who is going to be the first to bid 1.5BTC? Pay 0.5BTC to make avoid3d lose 0.5BTC? What fun!
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avoid3d
Member
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Activity: 70
Merit: 10
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November 12, 2011, 10:42:37 AM |
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Who is going to be the first to bid 1.5BTC? Pay 0.5BTC to make avoid3d lose 0.5BTC? What fun!
If someone bids 1.5BTC I will spite them and bid 1.6 |
avoid3d - Pierre Hugo
1avoid9FDvP15aKNyPGgJPcxfzMFM4Af6
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deepceleron
Legendary
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Activity: 1512
Merit: 1032
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November 12, 2011, 10:49:06 AM |
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Who is going to be the first to bid 1.5BTC? Pay 0.5BTC to make avoid3d lose 0.5BTC? What fun!
If someone bids 1.5BTC I will spite them and bid 1.6 Okay then, let me correct my statement: who will bid 1.5BTC and make avoid 3d lose 0.6BTC? What fun! |
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avoid3d
Member
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Activity: 70
Merit: 10
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November 12, 2011, 11:25:02 AM |
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Who is going to be the first to bid 1.5BTC? Pay 0.5BTC to make avoid3d lose 0.5BTC? What fun!
If someone bids 1.5BTC I will spite them and bid 1.6 Okay then, let me correct my statement: who will bid 1.5BTC and make avoid 3d lose 0.6BTC? What fun! Haha I had to think about that for a second. A more telling "correction" to your statement would be: who wants to pay 1.5BTC to make avoid3d lose 0.6BTC no ? </all in good fun> |
avoid3d - Pierre Hugo
1avoid9FDvP15aKNyPGgJPcxfzMFM4Af6
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Jonathan Ryan Owens (OP)
Donator
Sr. Member
Offline
Activity: 392
Merit: 252
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November 12, 2011, 06:14:35 PM |
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All Auction proceeds will go to Theymos / Bitcointalk for ongoing server and upgrade costs.
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ineededausername
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November 12, 2011, 08:35:02 PM |
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I bid 100 BTC
---no just kidding. I bid 0.51 BTC.
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(BFL)^2 < 0
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pirateat40
Avast Ye!
Sr. Member
Offline
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
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November 12, 2011, 08:36:40 PM |
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I bid 100 BTC
---no just kidding. I bid 0.51 BTC.
I think its over. |
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ineededausername
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November 12, 2011, 08:39:23 PM |
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I bid 100 BTC
---no just kidding. I bid 0.51 BTC.
I think its over. It's not over til tonight. |
(BFL)^2 < 0
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pirateat40
Avast Ye!
Sr. Member
Offline
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
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November 12, 2011, 08:41:42 PM |
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I bid 100 BTC
---no just kidding. I bid 0.51 BTC.
I think its over. It's not over til tonight. oh, sorry my bad. I missed that little AM PM thing |
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Matoking
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November 12, 2011, 08:45:30 PM |
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I bid 0.511 BTC  |
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dree12
Legendary
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Activity: 1246
Merit: 1077
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November 13, 2011, 04:34:14 AM |
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Are sub-satoshi amounts allowed?
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Jonathan Ryan Owens (OP)
Donator
Sr. Member
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Activity: 392
Merit: 252
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November 13, 2011, 05:24:04 AM |
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Are sub-satoshi amounts allowed?
Good question. The precedent has already been set, so no further decimal places would be allowed. -Jonathan |
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mjcmurfy
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November 13, 2011, 06:03:40 AM |
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Hmm. If you have perfect information as per the wikipedia article, the the most rational thing to do is to not take part in this auction at all. By placing a single bid, you are led into a series of rational sequential bids, leading to irrational bids subsequently. You know this in advance, so any bid is irrational. In saying that ... 0.5112 btc  |
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