Topic: 1 BTC up for Auction! Bidding starts at 0.01 BTC! - page 2. (Read 6029 times)
Who is going to be the first to bid 1.5BTC? Pay 0.5BTC to make avoid3d lose 0.5BTC? What fun!
ALMOST FORGOT!!
AUCTION ENDS AT 11:59PM PST ON 11/12/2011 (JUST UNDER 24 HOURS FROM NOW)
AUCTION ENDS AT 11:59PM PST ON 11/12/2011 (JUST UNDER 24 HOURS FROM NOW)
The problem will be compelling all the losing bidders to pay their bids...
1. Theymos / 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.
2. If the loser doesn't pay up, I guess they're a scammer and coul get a bunch of x's or at least a bad rep.
3. If there's no 2nd bidder, you win the 1 BTC for 0.5 BTC
-Jonathan
The problem will be compelling all the losing bidders to pay their bids...
Also, the wiki entry doesn't say what happens in the case of only one bidder 
There is plenty of room for inside manipulation here. you could just make a shill account and bid 1 BTC, defrauding the previous bidder out of their contribution
Clever:
I bid 0.5BTC
I bid 0.5BTC
Jump to: