0.1 BTC up for Auction! Bidding starts at 0.01 BTC!

MisterLG

sr. member

Activity: 476

Merit: 252

Quote from: gavgav on February 17, 2014, 04:33:03 PM

Quote from: MisterLG on February 17, 2014, 04:30:22 PM

Hahaha you and your "rules", please tell me you are a comedian for a living! Cheesy

You are so naive to think they will pay you, because you and your rules say so, its almost cute Kiss

Are you really that stupid?

I think someone is quite jealous!

C'mon man! You have to do something! They still havent paid you and it is now 3 weeks later!!
Please tell me you have a rule for this?!

Hahaha this made my day Cheesy

ahmedjadoon

legendary

Activity: 1414

Merit: 1000

He would pay BTC6 for BTC0.1 Grin

gavgav

sr. member

Activity: 490

Merit: 250

Quote from: braindamage on February 17, 2014, 05:54:19 PM

Quote from: gavgav on February 17, 2014, 04:38:43 PM

Quote from: braindamage on February 17, 2014, 04:36:48 PM

Quote from: gavgav on February 17, 2014, 04:13:15 PM

Quote from: MisterLG on February 17, 2014, 02:02:16 PM

Hhaha correct me if i am wrong but you said that the "price" is 0.1 btc.
Braindamage placed a bid of 6,66 btc and won, why do you ask him to pay 6,66? Huh

6,56 would be more logical isnt it?

Hahahaha scammer Cheesy

And why exactly would that make me a scammer?

When I receive the 2 highest winning bids as the rules state...I will give the winner his winnings.

Please keep your judgements to yourself. Nobody is interested in them!

Here is my BTC address 1FPcTeJQug6Vgq2fcCbNLShK3q59PN4WCN

I think you should go first because I'm risking more than you!

We'll both escrow as I wrote earlier! You choose escrower!

I choose sockpuppets672 as escrow!

Naturally I don't trust him. I suggest sebJu or Theymos. You choose

braindamage

newbie

Activity: 5

Merit: 0

Quote from: gavgav on February 17, 2014, 04:38:43 PM

Quote from: braindamage on February 17, 2014, 04:36:48 PM

Quote from: gavgav on February 17, 2014, 04:13:15 PM

Quote from: MisterLG on February 17, 2014, 02:02:16 PM

Hhaha correct me if i am wrong but you said that the "price" is 0.1 btc.
Braindamage placed a bid of 6,66 btc and won, why do you ask him to pay 6,66? Huh

6,56 would be more logical isnt it?

Hahahaha scammer Cheesy

And why exactly would that make me a scammer?

When I receive the 2 highest winning bids as the rules state...I will give the winner his winnings.

Please keep your judgements to yourself. Nobody is interested in them!

Here is my BTC address 1FPcTeJQug6Vgq2fcCbNLShK3q59PN4WCN

I think you should go first because I'm risking more than you!

We'll both escrow as I wrote earlier! You choose escrower!

I choose sockpuppets672 as escrow!

gavgav

sr. member

Activity: 490

Merit: 250

Quote from: braindamage on February 17, 2014, 04:36:48 PM

Quote from: gavgav on February 17, 2014, 04:13:15 PM

Quote from: MisterLG on February 17, 2014, 02:02:16 PM

Hhaha correct me if i am wrong but you said that the "price" is 0.1 btc.
Braindamage placed a bid of 6,66 btc and won, why do you ask him to pay 6,66? Huh

6,56 would be more logical isnt it?

Hahahaha scammer Cheesy

And why exactly would that make me a scammer?

When I receive the 2 highest winning bids as the rules state...I will give the winner his winnings.

Please keep your judgements to yourself. Nobody is interested in them!

Here is my BTC address 1FPcTeJQug6Vgq2fcCbNLShK3q59PN4WCN

I think you should go first because I'm risking more than you!

We'll both escrow as I wrote earlier! You choose escrower!

braindamage

newbie

Activity: 5

Merit: 0

Quote from: gavgav on February 17, 2014, 04:13:15 PM

Quote from: MisterLG on February 17, 2014, 02:02:16 PM

Hhaha correct me if i am wrong but you said that the "price" is 0.1 btc.
Braindamage placed a bid of 6,66 btc and won, why do you ask him to pay 6,66? Huh

6,56 would be more logical isnt it?

Hahahaha scammer Cheesy

And why exactly would that make me a scammer?

When I receive the 2 highest winning bids as the rules state...I will give the winner his winnings.

Please keep your judgements to yourself. Nobody is interested in them!

Here is my BTC address 1FPcTeJQug6Vgq2fcCbNLShK3q59PN4WCN

I think you should go first because I'm risking more than you!

WithAZ

newbie

Activity: 7

Merit: 0

is it too late to join in?

gavgav

sr. member

Activity: 490

Merit: 250

Quote from: MisterLG on February 17, 2014, 04:30:22 PM

Hahaha you and your "rules", please tell me you are a comedian for a living! Cheesy

You are so naive to think they will pay you, because you and your rules say so, its almost cute Kiss

Are you really that stupid?

I think someone is quite jealous!

MisterLG

sr. member

Activity: 476

Merit: 252

Hahaha you and your "rules", please tell me you are a comedian for a living! Cheesy

You are so naive to think they will pay you, because you and your rules say so, its almost cute Kiss

gavgav

sr. member

Activity: 490

Merit: 250

Quote from: MisterLG on February 17, 2014, 02:02:16 PM

Hhaha correct me if i am wrong but you said that the "price" is 0.1 btc.
Braindamage placed a bid of 6,66 btc and won, why do you ask him to pay 6,66? Huh

6,56 would be more logical isnt it?

Hahahaha scammer Cheesy

And why exactly would that make me a scammer?

When I receive the 2 highest winning bids as the rules state...I will give the winner his winnings.

Please keep your judgements to yourself. Nobody is interested in them!

MisterLG

sr. member

Activity: 476

Merit: 252

Hhaha correct me if i am wrong but you said that the "price" is 0.1 btc.
Braindamage placed a bid of 6,66 btc and won, why do you ask him to pay 6,66? Huh

6,56 would be more logical isnt it?

Hahahaha scammer Cheesy

gavgav

sr. member

Activity: 490

Merit: 250

Quote from: braindamage on February 17, 2014, 07:33:17 AM

Quote from: gavgav on February 17, 2014, 06:18:26 AM

Yes you are the top bid. Only about 50 mins remaining!

I hope I win this auction!
I really need this money!

You did indeed win this auction.

braindamage Please send 6.66BTC to 19n5qajtaNkQ52XNJcMnvmEFF2CaXCcfwD

And...

Quote from: sockpuppets672 on February 16, 2014, 08:20:40 AM

I bid 5 btc

sockpuppet672 please send 5BTC to 1P4ETmBb9ZZvuGb9ZmQR5X6QGNfjnyjS3q

braindamage

newbie

Activity: 5

Merit: 0

Quote from: gavgav on February 17, 2014, 06:18:26 AM

Yes you are the top bid. Only about 50 mins remaining!

I hope I win this auction!
I really need this money!

gavgav

sr. member

Activity: 490

Merit: 250

Yes you are the top bid. Only about 50 mins remaining!

braindamage

newbie

Activity: 5

Merit: 0

Quote from: braindamage on February 16, 2014, 01:00:44 PM

Quote from: gavgav on February 16, 2014, 12:39:02 PM

So far sockpuppets672 and serje are the highest bidders!

The auction will end 11:57:08 AM February 17, 2014. As per the rules that is 24 hours after serje's bid of greater than 0.1.

Take my bid!

6.66 BTC

have you considered my bid? if not here it is againa!
6.66BTC

rohnearner

sr. member

Activity: 350

Merit: 252

REAL-EYES || REAL-IZE || REAL-LIES||

Quote from: sockpuppets672 on February 16, 2014, 08:20:40 AM

I bid 5 btc

you bid 5btc...? for what ..? as the title suggest the bid is going on for 0.1BTC and why someone will pay 5BTC for that, is there something i'm missing..?

gavgav

sr. member

Activity: 490

Merit: 250

Just under 3 hours left…

gavgav

sr. member

Activity: 490

Merit: 250

Quote from: danieldaniel on February 16, 2014, 03:07:11 PM

Quote from: ahmedjadoon on February 16, 2014, 08:41:01 AM

Quote from: sockpuppets672 on February 16, 2014, 08:28:08 AM

I am real and not using a vpn and I am not a sock puppet

You look like one with this post!

That was the joke.

he does indeed

danieldaniel

hero member

Activity: 854

Merit: 1000

Quote from: ahmedjadoon on February 16, 2014, 08:41:01 AM

Quote from: sockpuppets672 on February 16, 2014, 08:28:08 AM

I am real and not using a vpn and I am not a sock puppet

You look like one with this post!

That was the joke.

gavgav

sr. member

Activity: 490

Merit: 250

Quote from: serje on February 16, 2014, 01:02:48 PM

Quote from: gavgav on February 16, 2014, 12:39:02 PM

So far sockpuppets672 and serje are the highest bidders!

The auction will end 11:57:08 AM February 17, 2014. As per the rules that is 24 hours after serje's bid of greater than 0.1.

How the fuck you decided that you want to finish this after 24 hours?

You people really have a problem listening to rules....

Quote from: souspeed on February 16, 2014, 07:48:17 AM

Quote from: serje on February 16, 2014, 07:43:56 AM

Quote from: souspeed on February 16, 2014, 07:41:13 AM

The other bidder will currently loose 0.02.
If he bids 0.11, he will possibly only loose 0.11 -0.1 = 0.01.
You still give him an incentive to bid!

Furthermore; this forum allows sock puppets, meaning the OP can bid with a second account!

So now we wait for the sock puppet!

well I didn't want to lose anything

But this can go on longer than the OP can live!

so he might just get nothing!

There is a 24 hour timer, which has started counting down!

And.. Here is the rule that was posted.

Quote from: gavgav on February 12, 2014, 04:48:39 PM

Sorry forgot to explain Embarrassed

The auction will end 24 hours (determined by time stamp on forum post) after the sum of the 2 highest bidders is >0.1BTC.

This still leaves the ability for someone to make a nice, healthy profit

Happy bidding

This means that the 24hr clock starts ticking as soon as the 2 highest bids are >0.1. And the auction will END when the 24 hours are up!

serje

legendary

Activity: 1232

Merit: 1002

Quote from: gavgav on February 16, 2014, 12:39:02 PM

So far sockpuppets672 and serje are the highest bidders!

The auction will end 11:57:08 AM February 17, 2014. As per the rules that is 24 hours after serje's bid of greater than 0.1.

How the fuck you decided that you want to finish this after 24 hours?

braindamage

newbie

Activity: 5

Merit: 0

Quote from: gavgav on February 16, 2014, 12:39:02 PM

So far sockpuppets672 and serje are the highest bidders!

The auction will end 11:57:08 AM February 17, 2014. As per the rules that is 24 hours after serje's bid of greater than 0.1.

Take my bid!

6.66 BTC

gavgav

sr. member

Activity: 490

Merit: 250

So far sockpuppets672 and serje are the highest bidders!

The auction will end 11:57:08 AM February 17, 2014. As per the rules that is 24 hours after serje's bid of greater than 0.1.

yntro

full member

Activity: 154

Merit: 100

Quote from: gavgav on February 12, 2014, 12:16:31 PM

Rules: http://en.wikipedia.org/wiki/Dollar_auction
Increments: 0.01

Stick to the rules, or don't bid! Grin

Trolls everywhere Cheesy

nice try guy... did you sold it Cheesy

?

serje

legendary

Activity: 1232

Merit: 1002

Quote from: souspeed on February 16, 2014, 08:52:14 AM

Quote from: souspeed on February 16, 2014, 08:51:42 AM

Quote from: serje on February 16, 2014, 08:21:15 AM

Quote from: sockpuppets672 on February 16, 2014, 08:20:40 AM

I bid 5 btc

Hahhaha
way to go!

You are still down 0.01 BTC.
Remember both top bidders need to pay. Wink

0.1 I mean.

Well I'm sure someone will come here and bid more than 5BTC!

It's an offer you can't refuse ... getting 0.1BTC for the price of 5BTC or more

souspeed

full member

Activity: 154

Merit: 1000

Fica Tranquilo

Quote from: souspeed on February 16, 2014, 08:51:42 AM

Quote from: serje on February 16, 2014, 08:21:15 AM

Quote from: sockpuppets672 on February 16, 2014, 08:20:40 AM

I bid 5 btc

Hahhaha
way to go!

You are still down 0.01 BTC.
Remember both top bidders need to pay. Wink

0.1 I mean.

souspeed

full member

Activity: 154

Merit: 1000

Fica Tranquilo

Quote from: serje on February 16, 2014, 08:21:15 AM

Quote from: sockpuppets672 on February 16, 2014, 08:20:40 AM

I bid 5 btc

Hahhaha
way to go!

You are still down 0.01 BTC.
Remember both top bidders need to pay. Wink

ahmedjadoon

legendary

Activity: 1414

Merit: 1000

Quote from: sockpuppets672 on February 16, 2014, 08:28:08 AM

I am real and not using a vpn and I am not a sock puppet

You look like one with this post!

serje

legendary

Activity: 1232

Merit: 1002

Quote from: sockpuppets672 on February 16, 2014, 08:28:08 AM

I am real and not using a vpn and I am not a sock puppet

no one accused you of such horrible thing sockpuppets672

sockpuppets672

newbie

Activity: 2

Merit: 0

I am real and not using a vpn and I am not a sock puppet

serje

legendary

Activity: 1232

Merit: 1002

Quote from: sockpuppets672 on February 16, 2014, 08:20:40 AM

I bid 5 btc

Hahhaha
way to go!

sockpuppets672

newbie

Activity: 2

Merit: 0

I bid 5 btc

serje

legendary

Activity: 1232

Merit: 1002

Quote from: souspeed on February 16, 2014, 07:55:36 AM

Quote from: serje on February 16, 2014, 07:53:14 AM

Quote from: souspeed on February 16, 2014, 07:50:12 AM

Quote from: souspeed on February 16, 2014, 07:48:17 AM

Quote from: serje on February 16, 2014, 07:43:56 AM

Quote from: souspeed on February 16, 2014, 07:41:13 AM

The other bidder will currently loose 0.02.
If he bids 0.11, he will possibly only loose 0.11 -0.1 = 0.01.
You still give him an incentive to bid!

Furthermore; this forum allows sock puppets, meaning the OP can bid with a second account!

So now we wait for the sock puppet!

well I didn't want to lose anything

But this can go on longer than the OP can live!

so he might just get nothing!

There is a 24 hour timer, which has started counting down!

Tick tock tick tock tick........

And what makes you think that if the owner is making another account will stop me from making 5 more accounts and bid with all of them every 23 hours?

Aha, finally something interesting! Grin

And to make it more interesting I currently own over 1200 IP's

so one bid from every IP will make this bid last 27600 hours witch means 1150 days witch is a little over 3 years!

souspeed

full member

Activity: 154

Merit: 1000

Fica Tranquilo

Quote from: serje on February 16, 2014, 07:53:14 AM

Quote from: souspeed on February 16, 2014, 07:50:12 AM

Quote from: souspeed on February 16, 2014, 07:48:17 AM

Quote from: serje on February 16, 2014, 07:43:56 AM

Quote from: souspeed on February 16, 2014, 07:41:13 AM

The other bidder will currently loose 0.02.
If he bids 0.11, he will possibly only loose 0.11 -0.1 = 0.01.
You still give him an incentive to bid!

Furthermore; this forum allows sock puppets, meaning the OP can bid with a second account!

So now we wait for the sock puppet!

well I didn't want to lose anything

But this can go on longer than the OP can live!

so he might just get nothing!

There is a 24 hour timer, which has started counting down!

Tick tock tick tock tick........

And what makes you think that if the owner is making another account will stop me from making 5 more accounts and bid with all of them every 23 hours?

Aha, finally something interesting! Grin

serje

legendary

Activity: 1232

Merit: 1002

Quote from: souspeed on February 16, 2014, 07:50:12 AM

Quote from: souspeed on February 16, 2014, 07:48:17 AM

Quote from: serje on February 16, 2014, 07:43:56 AM

Quote from: souspeed on February 16, 2014, 07:41:13 AM

The other bidder will currently loose 0.02.
If he bids 0.11, he will possibly only loose 0.11 -0.1 = 0.01.
You still give him an incentive to bid!

Furthermore; this forum allows sock puppets, meaning the OP can bid with a second account!

So now we wait for the sock puppet!

well I didn't want to lose anything

But this can go on longer than the OP can live!

so he might just get nothing!

There is a 24 hour timer, which has started counting down!

Tick tock tick tock tick........

And what makes you think that if the owner is making another account will stop me from making 5 more accounts and bid with all of them every 23 hours?

souspeed

full member

Activity: 154

Merit: 1000

Fica Tranquilo

Quote from: souspeed on February 16, 2014, 07:48:17 AM

Quote from: serje on February 16, 2014, 07:43:56 AM

Quote from: souspeed on February 16, 2014, 07:41:13 AM

The other bidder will currently loose 0.02.
If he bids 0.11, he will possibly only loose 0.11 -0.1 = 0.01.
You still give him an incentive to bid!

Furthermore; this forum allows sock puppets, meaning the OP can bid with a second account!

So now we wait for the sock puppet!

well I didn't want to lose anything

But this can go on longer than the OP can live!

so he might just get nothing!

There is a 24 hour timer, which has started counting down!

Tick tock tick tock tick........

souspeed

full member

Activity: 154

Merit: 1000

Fica Tranquilo

Quote from: serje on February 16, 2014, 07:43:56 AM

Quote from: souspeed on February 16, 2014, 07:41:13 AM

The other bidder will currently loose 0.02.
If he bids 0.11, he will possibly only loose 0.11 -0.1 = 0.01.
You still give him an incentive to bid!

Furthermore; this forum allows sock puppets, meaning the OP can bid with a second account!

So now we wait for the sock puppet!

well I didn't want to lose anything

But this can go on longer than the OP can live!

so he might just get nothing!

There is a 24 hour timer, which has started counting down!

serje

legendary

Activity: 1232

Merit: 1002

Quote from: souspeed on February 16, 2014, 07:41:13 AM

The other bidder will currently loose 0.02.
If he bids 0.11, he will possibly only loose 0.11 -0.1 = 0.01.
You still give him an incentive to bid!

Furthermore; this forum allows sock puppets, meaning the OP can bid with a second account!

So now we wait for the sock puppet!

well I didn't want to lose anything

But this can go on longer than the OP can live!

so he might just get nothing!

souspeed

full member

Activity: 154

Merit: 1000

Fica Tranquilo

The other bidder will currently loose 0.02.
If he bids 0.11, he will possibly only loose 0.11 -0.1 = 0.01.
You still give him an incentive to bid!

Furthermore; this forum allows sock puppets, meaning the OP can bid with a second account!

So now we wait for the sock puppet!

serje

legendary

Activity: 1232

Merit: 1002

Quote from: souspeed on February 16, 2014, 07:33:44 AM

Quote from: serje on February 16, 2014, 07:31:16 AM

Quote from: souspeed on February 16, 2014, 07:27:10 AM

Quote from: serje on February 16, 2014, 07:21:21 AM

Quote from: coinnewbit on February 16, 2014, 07:18:49 AM

the fk i have to pay too? cancel bid

you never saw this comming mate?

you can still bid 0.11 and the you have to send him 0.01 and i will have to send 0.01 to him

that's the best deal for us

or we can just delete out posts and go on with our lives

You should really try to understand the rules before you make a bid!
The two highest bidders will both will have to pay the amount that they bid.

At the moment of speaking I don't have to pay anything because I won 0.1 witch is exactly what I bided
The only one who has to pay is the guy after my bid!

You will have to pay 0.1!
Afterwards you will receive the price money, but only if you remain the highest bidder!

why would I pay 0.1 to receive 0.1?
This will only be doable with escrow!

Otherwise it's a scam!

and i doubt anyone else will bid 0.11 to receive 0.1!

souspeed

full member

Activity: 154

Merit: 1000

Fica Tranquilo

Quote from: serje on February 16, 2014, 07:31:16 AM

Quote from: souspeed on February 16, 2014, 07:27:10 AM

Quote from: serje on February 16, 2014, 07:21:21 AM

Quote from: coinnewbit on February 16, 2014, 07:18:49 AM

the fk i have to pay too? cancel bid

you never saw this comming mate?

you can still bid 0.11 and the you have to send him 0.01 and i will have to send 0.01 to him

that's the best deal for us

or we can just delete out posts and go on with our lives

You should really try to understand the rules before you make a bid!
The two highest bidders will both will have to pay the amount that they bid.

At the moment of speaking I don't have to pay anything because I won 0.1 witch is exactly what I bided
The only one who has to pay is the guy after my bid!

You will have to pay 0.1!
Afterwards you will receive the price money, but only if you remain the highest bidder!

souspeed

full member

Activity: 154

Merit: 1000

Fica Tranquilo

Quote from: erre on February 16, 2014, 07:28:06 AM

Quote from: erre on February 16, 2014, 07:27:22 AM

From your wiki link:

Quote

The setup involves an auctioneer who volunteers to auction-off a dollar bill with the following rule: the bill goes to the winner; however, the two highest bidders must pay the highest amount they bid. The winner can get a dollar for mere five cents, but only if no one else enters into the bidding war. The second-highest bidder is the biggest loser by paying the top amount he/she bid without getting anything back. The game begins with one of the players bidding 5 cents (the minimum), hoping to make a 95 cent profit. He can be outbid by another player bidding 10 cents, as a 90 cent profit is still desirable. Similarly, another bidder may bid 15 cents, making an 85 cent profit. Meanwhile, the second bidder may attempt to convert his loss of 10 cents into a gain of 80 cents by bidding 20 cents, and so on. Every player has a choice of either paying for nothing or bidding five cents more on the dollar. Any bid beyond the value of a dollar, is a loss for all bidders alike. Only the auctioneer gets to profit in the end.[1]

This game can be beaten only if the game players are irrational.

with your added rule (the 2 highest biid >0.1), NOBODY, rational or irrational, can beat it.
Without the added rule it could had been interesting, like this u're just asking for money

Yep, it's a scam!

serje

legendary

Activity: 1232

Merit: 1002

Quote from: souspeed on February 16, 2014, 07:27:10 AM

Quote from: serje on February 16, 2014, 07:21:21 AM

Quote from: coinnewbit on February 16, 2014, 07:18:49 AM

the fk i have to pay too? cancel bid

you never saw this comming mate?

you can still bid 0.11 and the you have to send him 0.01 and i will have to send 0.01 to him

that's the best deal for us

or we can just delete out posts and go on with our lives

You should really try to understand the rules before you make a bid!
The two highest bidders will both will have to pay the amount that they bid.

At the moment of speaking I don't have to pay anything because I won 0.1 witch is exactly what I bided
The only one who has to pay is the guy after my bid!

erre

legendary

Activity: 1694

Merit: 1207

Quote from: erre on February 16, 2014, 07:27:22 AM

From your wiki link:

Quote

The setup involves an auctioneer who volunteers to auction-off a dollar bill with the following rule: the bill goes to the winner; however, the two highest bidders must pay the highest amount they bid. The winner can get a dollar for mere five cents, but only if no one else enters into the bidding war. The second-highest bidder is the biggest loser by paying the top amount he/she bid without getting anything back. The game begins with one of the players bidding 5 cents (the minimum), hoping to make a 95 cent profit. He can be outbid by another player bidding 10 cents, as a 90 cent profit is still desirable. Similarly, another bidder may bid 15 cents, making an 85 cent profit. Meanwhile, the second bidder may attempt to convert his loss of 10 cents into a gain of 80 cents by bidding 20 cents, and so on. Every player has a choice of either paying for nothing or bidding five cents more on the dollar. Any bid beyond the value of a dollar, is a loss for all bidders alike. Only the auctioneer gets to profit in the end.[1]

This game can be beaten only if the game players are irrational.

with your added rule (the 2 highest biid >0.1), NOBODY, rational or irrational, can beat it.
Without the added rule it could had been interesting, like this u're just asking for money

erre

legendary

Activity: 1694

Merit: 1207

From your wiki link:

Quote

The setup involves an auctioneer who volunteers to auction-off a dollar bill with the following rule: the bill goes to the winner; however, the two highest bidders must pay the highest amount they bid. The winner can get a dollar for mere five cents, but only if no one else enters into the bidding war. The second-highest bidder is the biggest loser by paying the top amount he/she bid without getting anything back. The game begins with one of the players bidding 5 cents (the minimum), hoping to make a 95 cent profit. He can be outbid by another player bidding 10 cents, as a 90 cent profit is still desirable. Similarly, another bidder may bid 15 cents, making an 85 cent profit. Meanwhile, the second bidder may attempt to convert his loss of 10 cents into a gain of 80 cents by bidding 20 cents, and so on. Every player has a choice of either paying for nothing or bidding five cents more on the dollar. Any bid beyond the value of a dollar, is a loss for all bidders alike. Only the auctioneer gets to profit in the end.[1]

This game can be beaten only if the game players are irrational.

with your added rule, NOBODY, rational or irrational, can beat it.
Without the added rule it could had been interesting, like this u're just asking for money

souspeed

full member

Activity: 154

Merit: 1000

Fica Tranquilo

Quote from: serje on February 16, 2014, 07:21:21 AM

Quote from: coinnewbit on February 16, 2014, 07:18:49 AM

the fk i have to pay too? cancel bid

you never saw this comming mate?

you can still bid 0.11 and the you have to send him 0.01 and i will have to send 0.01 to him

that's the best deal for us

or we can just delete out posts and go on with our lives

You should really try to understand the rules before you make a bid!
The two highest bidders will both will have to pay the amount that they bid.

serje

legendary

Activity: 1232

Merit: 1002

Quote from: coinnewbit on February 16, 2014, 07:18:49 AM

the fk i have to pay too? cancel bid

you never saw this comming mate?

you can still bid 0.11 and the you have to send him 0.01 and i will have to send 0.01 to him

that's the best deal for us

or we can just delete out posts and go on with our lives

coinnewbit

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Activity: 266

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the fk i have to pay too? cancel bid

serje

legendary

Activity: 1232

Merit: 1002

Quote from: coinnewbit on February 16, 2014, 05:46:37 AM

Heyhey swiper no swiping 0.08

Ok to end this I have to bit 0.1BTC

if he continues bidding then he is a scam!

so I don't win shit and the owner get's 0.02 from coinnewbit!

Good luck!

coinnewbit

sr. member

Activity: 266

Merit: 250

lol btw is there a formula for counting waiting times between each post?

souspeed

full member

Activity: 154

Merit: 1000

Fica Tranquilo

Quote from: coinnewbit on February 16, 2014, 06:02:55 AM

hey i am not a sock puppet i am a MAN now

Actually I don't care who is the sock puppet or who is the victim.
So enjoy you scam / being scammed! Cool

coinnewbit

sr. member

Activity: 266

Merit: 250

hey i am not a sock puppet i am a MAN now

souspeed

full member

Activity: 154

Merit: 1000

Fica Tranquilo

Quote from: serje on February 16, 2014, 05:53:38 AM

If you check the time stamp of the first post you will see that 24 hours passed and only the second condition has to be completetd!

You never stated that the bidding time goes up with 24 hours after each bid!

So the winner should be me!

Sorry serje.

See below.

Your bid makes it 0.1 which is not > 0.1.
Furthermore; it says after the sum is > 0.1 there will be 24 hours timer.

OP will never loose, it's a scam!
He can even outbid you with his own sock puppet!

Quote from: gavgav on February 12, 2014, 04:48:39 PM

Sorry forgot to explain Embarrassed

The auction will end 24 hours (determined by time stamp on forum post) after the sum of the 2 highest bidders is >0.1BTC.

This still leaves the ability for someone to make a nice, healthy profit

Happy bidding

serje

legendary

Activity: 1232

Merit: 1002

If you check the time stamp of the first post you will see that 24 hours passed and only the second condition has to be completetd!

You never stated that the bidding time goes up with 24 hours after each bid!

So the winner should be me!

souspeed

full member

Activity: 154

Merit: 1000

Fica Tranquilo

Quote from: serje on February 16, 2014, 05:12:01 AM

Quote from: serje on February 16, 2014, 05:09:54 AM

Quote from: gavgav on February 16, 2014, 05:03:40 AM

Quote from: coinnewbit on February 16, 2014, 05:02:08 AM

0.04
bidding here still available?

Indeed! You are now the high bid

so If I bid 0.07 I'm the winner? and will get 0.03?

if my logic is correct then I bid!

If I won send me a PM to give you an address! Or just send it to my signature BTC address

The other bidder can still bid 0.08. Grin

he actually has to, see how it works! Wink

In the end you will both even have to bid higher than the actual payout, just to minimize your losses.
The forum even allows suck puppets to bid as well!!!!

It's basically a scam!
You think you can win, but the two highest bidders (if there is no suck puppet) will always loose!

@ the mods:
I know the forum is liberal enough to have people being scammed, however this is a good example that even the most obvious scam does attracted victims!!!
And there will be more easy victims on this forum as bitcoin becomes more mainstream.

I know it is difficult to come up with proper solution, however maybe there should be a 'possible scam' section?

coinnewbit

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Activity: 266

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Heyhey swiper no swiping 0.08

gavgav

sr. member

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Quote from: serje on February 16, 2014, 05:12:01 AM

Quote from: serje on February 16, 2014, 05:09:54 AM

Quote from: gavgav on February 16, 2014, 05:03:40 AM

Quote from: coinnewbit on February 16, 2014, 05:02:08 AM

0.04
bidding here still available?

Indeed! You are now the high bid

so If I bid 0.07 I'm the winner? and will get 0.03?

if my logic is correct then I bid!

If I won send me a PM to give you an address! Or just send it to my signature BTC address

You are indeed the top bid.

However if anyone else outbids you within the next 24 hours...you will still have to pay as per the rules.

serje

legendary

Activity: 1232

Merit: 1002

Quote from: serje on February 16, 2014, 05:09:54 AM

Quote from: gavgav on February 16, 2014, 05:03:40 AM

Quote from: coinnewbit on February 16, 2014, 05:02:08 AM

0.04
bidding here still available?

Indeed! You are now the high bid

so If I bid 0.07 I'm the winner? and will get 0.03?

if my logic is correct then I bid!

If I won send me a PM to give you an address! Or just send it to my signature BTC address

serje

legendary

Activity: 1232

Merit: 1002

Quote from: gavgav on February 16, 2014, 05:03:40 AM

Quote from: coinnewbit on February 16, 2014, 05:02:08 AM

0.04
bidding here still available?

Indeed! You are now the high bid

so If I bid 0.07 I'm the winner? and will get 0.03?

if my logic is correct then I bid!

gavgav

sr. member

Activity: 490

Merit: 250

Quote from: coinnewbit on February 16, 2014, 05:02:08 AM

0.04
bidding here still available?

Indeed! You are now the high bid

coinnewbit

sr. member

Activity: 266

Merit: 250

0.04
bidding here still available?

ahmedjadoon

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Activity: 1414

Merit: 1000

Quote from: gavgav on February 13, 2014, 06:51:52 AM

Quote from: gavgav on February 13, 2014, 06:47:16 AM

Quote from: ahmedjadoon on February 13, 2014, 06:30:19 AM

I just read the rules.Not interested any more.Can I take back my bid OP?

If you wish. Although it is unlikely you will have to pay, as there will probably be another several bids

I also believe it wise that you read the rules before bidding in other auctions

Yeah sorry for this.I thought it would be a normal action, couldn't read wiki link!

rohnearner

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Activity: 350

Merit: 252

REAL-EYES || REAL-IZE || REAL-LIES||

Quote from: gavgav on February 13, 2014, 03:36:03 PM

Quote from: rohnearner on February 13, 2014, 03:16:44 PM

Quote from: gavgav on February 13, 2014, 01:09:30 PM

Quote from: rohnearner on February 13, 2014, 01:07:34 PM

Quote from: gavgav on February 13, 2014, 06:45:53 AM

Quote from: rohnearner on February 13, 2014, 06:16:20 AM

Quote from: ahmedjadoon on February 13, 2014, 04:18:39 AM

o.o4BTC Only if you go first or escrow

good luck with that.. ahmedjadoon

as the op said i'm not eligible. Huh

When did I say that?

i mean to say that my bid was against the rules..! i bid .01btc which was a against the rules bid , i would like to bid 0.03btc if no one did..!

0.04 is the top bid at the moment.

I think the bidder took back his bid by saying

Quote

I just read the rules.Not interested any more.Can I take back my bid OP?

if i'm not mistaken..!

You are correct. Sorry.

You are now the highest bidder at 0.03

so how much time is left before the end of auction?

gavgav

sr. member

Activity: 490

Merit: 250

Quote from: rohnearner on February 13, 2014, 03:16:44 PM

Quote from: gavgav on February 13, 2014, 01:09:30 PM

Quote from: rohnearner on February 13, 2014, 01:07:34 PM

Quote from: gavgav on February 13, 2014, 06:45:53 AM

Quote from: rohnearner on February 13, 2014, 06:16:20 AM

Quote from: ahmedjadoon on February 13, 2014, 04:18:39 AM

o.o4BTC Only if you go first or escrow

good luck with that.. ahmedjadoon

as the op said i'm not eligible. Huh

When did I say that?

i mean to say that my bid was against the rules..! i bid .01btc which was a against the rules bid , i would like to bid 0.03btc if no one did..!

0.04 is the top bid at the moment.

I think the bidder took back his bid by saying

Quote

I just read the rules.Not interested any more.Can I take back my bid OP?

if i'm not mistaken..!

You are correct. Sorry.

You are now the highest bidder at 0.03

rohnearner

sr. member

Activity: 350

Merit: 252

REAL-EYES || REAL-IZE || REAL-LIES||

Quote from: gavgav on February 13, 2014, 01:09:30 PM

Quote from: rohnearner on February 13, 2014, 01:07:34 PM

Quote from: gavgav on February 13, 2014, 06:45:53 AM

Quote from: rohnearner on February 13, 2014, 06:16:20 AM

Quote from: ahmedjadoon on February 13, 2014, 04:18:39 AM

o.o4BTC Only if you go first or escrow

good luck with that.. ahmedjadoon

as the op said i'm not eligible. Huh

When did I say that?

i mean to say that my bid was against the rules..! i bid .01btc which was a against the rules bid , i would like to bid 0.03btc if no one did..!

0.04 is the top bid at the moment.

I think the bidder took back his bid by saying

Quote

I just read the rules.Not interested any more.Can I take back my bid OP?

if i'm not mistaken..!

gavgav

sr. member

Activity: 490

Merit: 250

Quote from: rohnearner on February 13, 2014, 01:07:34 PM

Quote from: gavgav on February 13, 2014, 06:45:53 AM

Quote from: rohnearner on February 13, 2014, 06:16:20 AM

Quote from: ahmedjadoon on February 13, 2014, 04:18:39 AM

o.o4BTC Only if you go first or escrow

good luck with that.. ahmedjadoon

as the op said i'm not eligible. Huh

When did I say that?

i mean to say that my bid was against the rules..! i bid .01btc which was a against the rules bid , i would like to bid 0.03btc if no one did..!

0.04 is the top bid at the moment.

rohnearner

sr. member

Activity: 350

Merit: 252

REAL-EYES || REAL-IZE || REAL-LIES||

Quote from: gavgav on February 13, 2014, 06:45:53 AM

Quote from: rohnearner on February 13, 2014, 06:16:20 AM

Quote from: ahmedjadoon on February 13, 2014, 04:18:39 AM

o.o4BTC Only if you go first or escrow

good luck with that.. ahmedjadoon

as the op said i'm not eligible. Huh

When did I say that?

i mean to say that my bid was against the rules..! i bid .01btc which was a against the rules bid , i would like to bid 0.03btc if no one did..!

gavgav

sr. member

Activity: 490

Merit: 250

Quote from: gavgav on February 13, 2014, 06:47:16 AM

Quote from: ahmedjadoon on February 13, 2014, 06:30:19 AM

I just read the rules.Not interested any more.Can I take back my bid OP?

If you wish. Although it is unlikely you will have to pay, as there will probably be another several bids

I also believe it wise that you read the rules before bidding in other auctions

gavgav

sr. member

Activity: 490

Merit: 250

Quote from: ahmedjadoon on February 13, 2014, 06:30:19 AM

I just read the rules.Not interested any more.Can I take back my bid OP?

If you wish. Although it is unlikely you will have to pay, as there will probably be another several bids

gavgav

sr. member

Activity: 490

Merit: 250

Quote from: rohnearner on February 13, 2014, 06:16:20 AM

Quote from: ahmedjadoon on February 13, 2014, 04:18:39 AM

o.o4BTC Only if you go first or escrow

good luck with that.. ahmedjadoon

as the op said i'm not eligible. Huh

When did I say that?

ahmedjadoon

legendary

Activity: 1414

Merit: 1000

I just read the rules.Not interested any more.Can I take back my bid OP?

rohnearner

sr. member

Activity: 350

Merit: 252

REAL-EYES || REAL-IZE || REAL-LIES||

Quote from: ahmedjadoon on February 13, 2014, 04:18:39 AM

o.o4BTC Only if you go first or escrow

good luck with that.. ahmedjadoon

as the op said i'm not eligible. Huh

ahmedjadoon

legendary

Activity: 1414

Merit: 1000

o.o4BTC Only if you go first or escrow

gavgav

sr. member

Activity: 490

Merit: 250

Quote from: rohnearner on February 13, 2014, 03:28:35 AM

Quote from: gavgav on February 13, 2014, 02:51:16 AM

Quote from: sobe-it on February 12, 2014, 09:18:37 PM

this guy is just trying to make out.... no one else bid so he loses, or admins just lock this thread. its shady stuff for sure, might as well be a scammer.

1. If no one else bids, how am I going to lose exactly?

2. Why am I a scammer exactly/conducting shady stuff? I've even said I'll have the payment address escrowed. Nothing in this thread (or any other of mine) has made you think that!

Its just a game and a bit of harmless fun. It gives someone a chance to make some money.

so its over 24hours.. and there is not bid other then mine of 0.01btc.. so what does that mean i won..?
thanks Tongue

my BTC : 13AxqUHW2AD6G33Szm5Vsvmfn5CpiED7ip

Read post #10. The top 2 bids have to be >0.1

rohnearner

sr. member

Activity: 350

Merit: 252

REAL-EYES || REAL-IZE || REAL-LIES||

Quote from: gavgav on February 13, 2014, 02:51:16 AM

Quote from: sobe-it on February 12, 2014, 09:18:37 PM

this guy is just trying to make out.... no one else bid so he loses, or admins just lock this thread. its shady stuff for sure, might as well be a scammer.

1. If no one else bids, how am I going to lose exactly?

2. Why am I a scammer exactly/conducting shady stuff? I've even said I'll have the payment address escrowed. Nothing in this thread (or any other of mine) has made you think that!

Its just a game and a bit of harmless fun. It gives someone a chance to make some money.

so its over 24hours.. and there is not bid other then mine of 0.01btc.. so what does that mean i won..?
thanks Tongue

my BTC : 13AxqUHW2AD6G33Szm5Vsvmfn5CpiED7ip

gavgav

sr. member

Activity: 490

Merit: 250

Quote from: sobe-it on February 12, 2014, 09:18:37 PM

this guy is just trying to make out.... no one else bid so he loses, or admins just lock this thread. its shady stuff for sure, might as well be a scammer.

1. If no one else bids, how am I going to lose exactly?

2. Why am I a scammer exactly/conducting shady stuff? I've even said I'll have the payment address escrowed. Nothing in this thread (or any other of mine) has made you think that!

Its just a game and a bit of harmless fun. It gives someone a chance to make some money.

sobe-it

sr. member

Activity: 453

Merit: 250

this guy is just trying to make out.... no one else bid so he loses, or admins just lock this thread. its shady stuff for sure, might as well be a scammer.

cooldgamer

legendary

Activity: 1218

Merit: 1003

We are the champions of the night

Quote from: gavgav on February 12, 2014, 05:16:27 PM

Quote from: cooldgamer on February 12, 2014, 05:14:25 PM

The only way to win this game is to not play, you'll either end up paying way over .1 so you don't end up second, or paying and not getting shit Undecided

The payment address can be escrowed...

If you want to go over .1, then that will be your decision.

I never said you wouldn't pay, but isn't the whole point that the 2nd highest bidder has to pay and gets nothing?

James222

member

Activity: 98

Merit: 10

Wassup?

Just a little tip here. You should make the auction in$. Why would you want to sell 0.1 bitcoin for 0.05 in example. Makes no sense to me.

Arcas

hero member

Activity: 1036

Merit: 524

I don't see how it would be possible to collect from the loser without them paying in advance.

gavgav

sr. member

Activity: 490

Merit: 250

Quote from: techgeek on February 12, 2014, 06:16:16 PM

Quote from: Peter Lambert on February 12, 2014, 05:27:32 PM

Why link to the wikipedia article instead of just posting the rules?

Quote

Only the auctioneer gets to profit in the end.
This game can be beaten only if the game players are irrational.

If the auctioneer is dishonest, he could use an alternate account to push up the bidding (this could be done in any of the auctions on this forum, how do you know if it happens or not?)

Two players could conspire together (or just one player using two accounts), other players might bid a few times, but then player A puts in a bid quickly followed by player B. If bid(A) + bid(B) < .1, they will profit, and if they choose bids high enough then the other players will stop bidding, since the other players now have nothing risked they will not try to outbid the highest score to undo their loss.

Simple terms: Shell bidding, its been going since forever lol.

Admins can see my IP.
Granted, I *could* use a VPN and could bid it up, but that's a whole lot of work for what is really just good fun.

techgeek

hero member

Activity: 826

Merit: 1000

Quote from: Peter Lambert on February 12, 2014, 05:27:32 PM

Why link to the wikipedia article instead of just posting the rules?

Quote

Only the auctioneer gets to profit in the end.
This game can be beaten only if the game players are irrational.

If the auctioneer is dishonest, he could use an alternate account to push up the bidding (this could be done in any of the auctions on this forum, how do you know if it happens or not?)

Two players could conspire together (or just one player using two accounts), other players might bid a few times, but then player A puts in a bid quickly followed by player B. If bid(A) + bid(B) < .1, they will profit, and if they choose bids high enough then the other players will stop bidding, since the other players now have nothing risked they will not try to outbid the highest score to undo their loss.

Simple terms: Shell bidding, its been going since forever lol.

Peter Lambert

hero member

Activity: 756

Merit: 500

It's all fun and games until somebody loses an eye

Why link to the wikipedia article instead of just posting the rules?

Quote

Only the auctioneer gets to profit in the end.
This game can be beaten only if the game players are irrational.

If the auctioneer is dishonest, he could use an alternate account to push up the bidding (this could be done in any of the auctions on this forum, how do you know if it happens or not?)

Two players could conspire together (or just one player using two accounts), other players might bid a few times, but then player A puts in a bid quickly followed by player B. If bid(A) + bid(B) < .1, they will profit, and if they choose bids high enough then the other players will stop bidding, since the other players now have nothing risked they will not try to outbid the highest score to undo their loss.

gavgav

sr. member

Activity: 490

Merit: 250

Quote from: cooldgamer on February 12, 2014, 05:14:25 PM

The only way to win this game is to not play, you'll either end up paying way over .1 so you don't end up second, or paying and not getting shit Undecided

The payment address can be escrowed...

If you want to go over .1, then that will be your decision.

cooldgamer

legendary

Activity: 1218

Merit: 1003

We are the champions of the night

The only way to win this game is to not play, you'll either end up paying way over .1 so you don't end up second, or paying and not getting shit Undecided

djjacket

hero member

Activity: 784

Merit: 501

Quote from: gavgav on February 12, 2014, 04:48:39 PM

Sorry forgot to explain Embarrassed

The auction will end 24 hours (determined by time stamp on forum post) after the sum of the 2 highest bidders is >0.1BTC.

This still leaves the ability for someone to make a nice, healthy profit

Happy bidding

Only one making a "nice, healthy profit" with those rules is you... You take no risk and are guaranteed a profit... No Thanks.

gavgav

sr. member

Activity: 490

Merit: 250

Sorry forgot to explain Embarrassed

The auction will end 24 hours (determined by time stamp on forum post) after the sum of the 2 highest bidders is >0.1BTC.

This still leaves the ability for someone to make a nice, healthy profit

Happy bidding

djjacket

hero member

Activity: 784

Merit: 501

I imagine the auction will end when he has multiple bidders and a total bid sum greater that .1 BTC Shocked

rohnearner

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REAL-EYES || REAL-IZE || REAL-LIES||

When the auction will END..? I bid: 0.01 if no one else did

AT101ET

legendary

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Yes it does, however if someone else bids for it which is higher than you and he wins, you'd need to pay your bid to the seller if you were the second highest bidder.

otrkid70

hero member

Activity: 920

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Now if i bid the 0.01 Opening bid and won would that mean you have to send me 0.09?

gavgav

sr. member

Activity: 490

Merit: 250

Rules: http://en.wikipedia.org/wiki/Dollar_auction
Increments: 0.01

Stick to the rules, or don't bid! Grin

Topic: 0.1 BTC up for Auction! Bidding starts at 0.01 BTC! (Read 3607 times)