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Author Topic: Bitcoin Auctions every day for 2 weeks on MokiMarket  (Read 674 times)
mokimarket
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March 13, 2012, 07:31:43 PM
 #1

Last night winner paid $0.12 cents for .52 bitcoins
http://www.mokimarket.com/auction_details/929


Each auction is progressive, meaning the bitcoin payout increases with each bid. Payout= .5 + .01*(# of bids) Bitcoins

Check out tonight's auction here:
http://www.mokimarket.com/auction_details/930

MokiMarket is a bitcoin friendly online flea market of great deals. We've been around of 6 months with a solid reputation for delivery of products and customer satisfaction. No money is required to use any feature on the site. Barter,sell, or place bids on products.

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March 13, 2012, 07:34:50 PM
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I really dislike this kind of "auction" where the sale prize has little connection to the real value of the offering. It's the bidding fees that pay for the goods. Angry

To top it off, this auction was falsely advertised.
0.5 BTC was advertised as having a "retail value" of 5$.

mokimarket
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March 13, 2012, 08:01:12 PM
 #3

I really dislike this kind of "auction" where the sale prize has little connection to the real value of the offering. It's the bidding fees that pay for the goods. Angry

To top it off, this auction was falsely advertised.
0.5 BTC was advertised as having a "retail value" of 5$.

Keep in mind that you don't need to pay anything to play, you can just as easily post items for free and earn credits to bid on other items. It's a bartering site first, and penny auction site second because that added twist makes the auctions fun. But you don't need to give me a dime to use any feature on the site.

Regarding the "retail value" it's sort of hard to put a real value on progressive auctions because the payout could be .5 or 4.5 bitcoins. But they way the site is designed you have to put a number there.


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