Liteco.in domain

[terrytibbs]

Post your bids in this thread. Bids are in USD but are to be paid in bitcoins at the Mt.Gox bid rate at the time of the auction ending. Bidding starts at $10 and is to be made in increments of at least $1. There will be no private bids.

The auction ends on July 28 2012 16:00 GMT+0000. The domain will be transferred no sooner than October 14 in order to give the current users time to migrate.

[RandomQ]

$10

[smoothie]

$10

$11

[Luceo]

$20.

[coblee]

It would be great if people would mention what they would do with the domain if they get it.

[someguy123]

It would be great if people would mention what they would do with the domain if they get it.

Yeah, I'm wondering this too, not sure what others would do with it, I'm the current "maintainer" of liteco.in, so I'd hate to see the domain get neglected if it goes into the wrong hands.

[Luceo]

If I win the domain, my intention is to do the following, as discussed on IRC with Someguy123:

- I will hold the domain on my registrar account, and leave the current DNS's active.
- Someguy123 will pay my USD cost for the domain + transfer to me + transfer to him, in LTC or BTC (i.e. if BTC rises in value, he will pay less BTC than I did, if BTC decreases in value, he will pay more).
- After this, I will transfer the domain to him.

Ergo, my intention is to change nothing re: the function of liteco.in. I intend merely to hold it in trust for the person who is currently operating it effectively, but cannot afford to bid on it at the moment.

[Luceo]

Terry, please implement a no-snipe rule so someone doesn't just bid at 15:59.55 or something and win a still open auction.

Say, an extension of 20 mins after the last bid?

[terrytibbs]

Terry, please implement a no-snipe rule so someone doesn't just bid at 15:59.55 or something and win a still open auction.

Say, an extension of 20 mins after the last bid?

I'm not sure I can change the rules after making the thread. I most definitely can't modify the OP...

[RandomQ]

$21
-Making a Porn site -J/K
-Possible Litecoin Mining Company

[Luceo]

$25.

[El Cabron]

$30

[terrytibbs]

I've been considering adding a random number of seconds (between 1 and 120) to the end of the auction to prevent sniping. I'll post a hashed string containing the number in advance. It should prevent auction sniping, while not allowing the auction to continue indefinitely.

If most current bidders agree, I'll implement this, and allow any other bidders to withdraw from the auction. How does this sound?

[smoothie]

$31

[Luceo]

I've been considering adding a random number of seconds (between 1 and 120) to the end of the auction to prevent sniping. I'll post a hashed string containing the number in advance. It should prevent auction sniping, while not allowing the auction to continue indefinitely.

If most current bidders agree, I'll implement this, and allow any other bidders to withdraw from the auction. How does this sound?

Agree with this, though would prefer to see more seconds than '1' obviously..

$32.

[terrytibbs]

Alright, here's the SHA256 hash:

Code:

f378d6e6174cc89543551675e2fe23cd22b71be660ad56b9ad91168b7a0ee449

The exact message used to get the above hash will be posted when the auction ends.

I've been considering adding a random number of seconds (between 1 and 120) to the end of the auction to prevent sniping. I'll post a hashed string containing the number in advance. It should prevent auction sniping, while not allowing the auction to continue indefinitely.

If most current bidders agree, I'll implement this, and allow any other bidders to withdraw from the auction. How does this sound?

Agree with this, though would prefer to see more seconds than '1' obviously..

The number of seconds doesn't matter that much. It's the psychological impact on the bidders I'm looking for.

Good luck, everyone!

[El Cabron]

Alright, here's the SHA256 hash:

Code:

f378d6e6174cc89543551675e2fe23cd22b71be660ad56b9ad91168b7a0ee449

The exact message used to get the above hash will be posted when the auction ends.

I've been considering adding a random number of seconds (between 1 and 120) to the end of the auction to prevent sniping. I'll post a hashed string containing the number in advance. It should prevent auction sniping, while not allowing the auction to continue indefinitely.

If most current bidders agree, I'll implement this, and allow any other bidders to withdraw from the auction. How does this sound?

Agree with this, though would prefer to see more seconds than '1' obviously..

The number of seconds doesn't matter that much. It's the psychological impact on the bidders I'm looking for.

Good luck, everyone!

you are going to change the terms but wont tell us?

[coblee]

Alright, here's the SHA256 hash:

Code:

f378d6e6174cc89543551675e2fe23cd22b71be660ad56b9ad91168b7a0ee449

The exact message used to get the above hash will be posted when the auction ends.

I've been considering adding a random number of seconds (between 1 and 120) to the end of the auction to prevent sniping. I'll post a hashed string containing the number in advance. It should prevent auction sniping, while not allowing the auction to continue indefinitely.

If most current bidders agree, I'll implement this, and allow any other bidders to withdraw from the auction. How does this sound?

Agree with this, though would prefer to see more seconds than '1' obviously..

The number of seconds doesn't matter that much. It's the psychological impact on the bidders I'm looking for.

Good luck, everyone!

I actually don't think this will change much. If someone is going to snipe, they will still submit a bid right at the end. And people likely won't have time to respond before the auction is over. I think extending the auction by 5 mins after every bid seems like the right solution. But obviously, you can do it however you like.

[terrytibbs]

I actually don't think this will change much. If someone is going to snipe, they will still submit a bid right at the end. And people likely won't have time to respond before the auction is over. I think extending the auction by 5 mins after every bid seems like the right solution. But obviously, you can do it however you like.

"A modern variant of the candle auction is used in some online auction systems to prevent auction sniping. In these auctions, a computer randomly selects the time when the auction will end to discourage snipers from attempting to enter bids at the last second. Indeed, Füllbrunn and Sadrieh show theoretically and experimentally that bidders submit serious bids from the start in candle auctions."

http://en.wikipedia.org/wiki/English_auction#Candle_auction

[terrytibbs]

you are going to change the terms but wont tell us?

I left you ample time to object. If you are no longer interested, feel free to withdraw your bid, or just stop bidding. Either way, since your bid is no longer the highest, you're not obligated to do anything.