coblee
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Creator of Litecoin. Cryptocurrency enthusiast.
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July 16, 2012, 05:48:59 PM |
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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_auctionYes, a computer randomly selecting when the auction will end will discourage snipers. But the range needs to be much larger than 2 minutes. I'd recommend at least an hour. Have the auction end anytime between July 28 2012 16:00 GMT+0000 and July 28 2012 17:00 GMT+0000.
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El Cabron
Gnomo
VIP
Hero Member
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Activity: 840
Merit: 1000
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July 16, 2012, 05:59:55 PM |
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Okay my bid is 100,000$ time f43fdk48f but it depends on some magic code that I wont tell you until after you tell me the number of seconds... This has turned into a joke... And i was really interested in this. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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terrytibbs (OP)
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July 16, 2012, 06:09:21 PM |
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Okay my bid is 100,000$ time f43fdk48f but it depends on some magic code that I wont tell you until after you tell me the number of seconds... This has turned into a joke... And i was really interested in this. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) I'm sorry you feel that way. It's a fairly common technique in auction theory, actually. Have a nice day!
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Luceo
Sr. Member
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Per aspera ad astra!
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July 16, 2012, 06:30:22 PM |
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Sorry missed everything, I'm still highest at $32 right?
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terrytibbs (OP)
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July 16, 2012, 06:46:04 PM |
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Sorry missed everything, I'm still highest at $32 right?
Correct.
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RandomQ
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July 16, 2012, 06:52:45 PM |
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$33
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Luceo
Sr. Member
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July 16, 2012, 07:39:16 PM |
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$34
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smoothie
Legendary
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Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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July 17, 2012, 07:32:14 AM |
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███████████████████████████████████████
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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Luceo
Sr. Member
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July 17, 2012, 02:05:57 PM |
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I hereby put on hold my intention to bid until all issues with liteco.in have been amiably resolved between Someguy123 and pool clients.
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Luceo
Sr. Member
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July 17, 2012, 02:40:23 PM |
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I hereby put on hold my intention to bid until all issues with liteco.in have been amiably resolved between Someguy123 and pool clients.
Issues do not pertain to Someguy123, so I'm reopening my intention to bid for this domain to be transferred to that user.
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Luceo
Sr. Member
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July 17, 2012, 02:41:00 PM |
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$58.45
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someguy123
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July 17, 2012, 02:42:51 PM |
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I'd love to know your intentions on bidding so much for the domain -_-
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smoothie
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LEALANA Bitcoin Grim Reaper
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July 18, 2012, 03:24:34 AM |
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I'd love to know your intentions on bidding so much for the domain -_- Speculation...you should try it....it is fun! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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███████████████████████████████████████
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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smoothie
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LEALANA Bitcoin Grim Reaper
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July 18, 2012, 07:13:05 PM |
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$60.00000000001 ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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███████████████████████████████████████
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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Luceo
Sr. Member
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July 18, 2012, 07:49:29 PM |
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$62.
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smoothie
Legendary
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LEALANA Bitcoin Grim Reaper
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July 19, 2012, 01:44:35 AM |
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$63
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███████████████████████████████████████
,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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Luceo
Sr. Member
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July 19, 2012, 04:00:02 AM |
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$65.
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smoothie
Legendary
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LEALANA Bitcoin Grim Reaper
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July 19, 2012, 05:03:26 AM |
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$67
I plan to keep liteco.in as a forum and will run it as such. Someguy123 can maintain what he is currently maintaining if I win the auction.
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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Tittiez
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July 19, 2012, 06:26:42 AM |
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Well in that case maybe you can clean up the forum, its a real shithole.
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smoothie
Legendary
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July 19, 2012, 06:29:38 AM |
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Well in that case maybe you can clean up the forum, its a real shithole.
Only if I win. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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