[ANN]Bitcoin Auction Daily is online now!

[cnbtcnews]

Hi ,guys!

I am nightcat,come from China.And I am running www.cnbtcnews.com to introduce bitcoin to chinese people.

Now I will bring new joy to the bitcoin community—Bitcoin Auction Daily!

Now the site “Bitcoin Auction Daily—http://www.cnbtcbid.com” is online!

Everyday,I will take 1 bitcoin to auction!

Of cause  the price will cheaper than Mt.Gox!

How to bid and receive bitcoin:

-when you bid,please enter your nickname and e-mail address.If you win,I will send you an e-mail.

-when you receive my e-mail,then you can send me a redeemable Mt.Gox code.After that,I will send bitcoin to your bitcoin address.

-the auction will finish in UTC-8 PST 23:00:00 everyday.

[CornedBeefHash]

I have absolutely no idea what you're talking about. I would hate to be a mod and be tasked with determining where to put this. It could be Auctions or maybe Gambling but also kind of seems like Currency Exchange. No wait, it's Trading Discussion. No, that's not right. Oh, fuck it. I give up.

[cnbtcnews]

Congratulations!

Derson win 2012.02.03 bticoin auction!

At price 5.82USD.

[cnbtcnews]

I have absolutely no idea what you're talking about. I would hate to be a mod and be tasked with determining where to put this. It could be Auctions or maybe Gambling but also kind of seems like Currency Exchange. No wait, it's Trading Discussion. No, that's not right. Oh, fuck it. I give up.

So,it is a bran-new thing!

[CornedBeefHash]

Let me see if I understand. People bid on what they think the price of Bitcoin will be in 24 hours. The person that bids closest to the actual price wins the auction and has to send you the amount they bid in redeemable Mt.Gox code. Then you send them 1 Bitcoin. Is that right?

[cnbtcnews]

Let me see if I understand. People bid on what they think the price of Bitcoin will be in 24 hours. The person that bids closest to the actual price wins the auction and has to send you the amount they bid in redeemable Mt.Gox code. Then you send them 1 Bitcoin. Is that right?

Almost right but not necessary closest to the actual price.
Actually ,when I test this in China before,on person get the bitcoin at 3.63USD,and the actual price is 5.9USD.The highest win the bitcoin.If 3.63USD is the highest,then he win.

[CornedBeefHash]

Ok, I got it. It's not guessing the price but simply the highest bidder wins. If I bid 1USD and no one out bids me then I win. It's purely an auction.

[cnbtcnews]

Congratulations!
Maomao win 2012.02.04 bticoin auction!
At price 5.9USD.

[Matthew N. Wright]

It's a penny auction site for a single bitcoin at a time.

[cnbtcnews]

Congratulations!
kz win 2012.02.05 bitcoin auction!
At price 5.25USD.

[cnbtcnews]

Congratulations!

Derson win 2012.02.06 bitcoin auction!

At price 5.55USD.

[cnbtcnews]

Congratulations!

KZ win 2012.02.07 bitcoin auction!

At price 4.6USD.