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Author Topic: Operationfabulous  (Read 512 times)
bbit
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December 01, 2011, 07:57:52 PM
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Just trying to figure it out  how it works as an advertiser do I just add my site and then I set my price how much I'm willing to pay to have it on the other persons website? Huh
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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December 01, 2011, 10:07:34 PM
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Yes. If you bid a price and it does not exceed what others have bid, then it will not win, but the bid price stays, unless you remove it, so that the other bidders aren't paying artificially low prices for their ads. However, when your ad wins you will only have to pay 0.001 BTC per day more than the second place bidder, so as to never overpay. It's quite nice.

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December 01, 2011, 10:28:12 PM
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Yes. If you bid a price and it does not exceed what others have bid, then it will not win, but the bid price stays, unless you remove it, so that the other bidders aren't paying artificially low prices for their ads. However, when your ad wins you will only have to pay 0.001 BTC per day more than the second place bidder, so as to never overpay. It's quite nice.

Hey, thanks for the response that really cleared things up  Grin It does seem pretty nice I'll give it a go and report back thanks again!
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