ASICMINER Auction: 10 Block Erupter Blades -ended- - page 15.

oaxaca

hero member

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Obviously this discussion should happen, but not in this thread. You can't really change the rules after the auction has started.

Quote from: JaredR26 on April 17, 2013, 09:51:50 PM

Quote from: SebastianJu on April 17, 2013, 09:01:16 PM

Quote from: Marrs on April 17, 2013, 08:57:04 PM

Quote from: Jutarul on April 17, 2013, 08:44:00 PM

Quote from: delaria on April 17, 2013, 08:33:04 PM

1@70

How serious should we take an offer from a forum member with no reputation?

Does it matter? If they don't pay, there are plenty of fall back bids.

Its a problem. Think about it. Price at 60BTC. The bidder that wants to win bids 10@61BTC. Then he goes in with a fake account and bids 10@210. He knows that he wont pay the higher bid so that he will get all miners for 61BTC. Effectively forcing out all other bidders because they cant bid anymore. Theres no protection yet except reputation or something. But i think many users here on the forum have many different forum accounts. And are they only created for getting the ripple giveaway.

I think requiring a deposit from unknown members(to John) to show that they mean business is a good idea.

JaredR26

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Quote from: SebastianJu on April 17, 2013, 09:01:16 PM

Quote from: Marrs on April 17, 2013, 08:57:04 PM

Quote from: Jutarul on April 17, 2013, 08:44:00 PM

Quote from: delaria on April 17, 2013, 08:33:04 PM

1@70

How serious should we take an offer from a forum member with no reputation?

Does it matter? If they don't pay, there are plenty of fall back bids.

Its a problem. Think about it. Price at 60BTC. The bidder that wants to win bids 10@61BTC. Then he goes in with a fake account and bids 10@210. He knows that he wont pay the higher bid so that he will get all miners for 61BTC. Effectively forcing out all other bidders because they cant bid anymore. Theres no protection yet except reputation or something. But i think many users here on the forum have many different forum accounts. And are they only created for getting the ripple giveaway.

I think requiring a deposit from unknown members(to John) to show that they mean business is a good idea.

SebastianJu

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Legendary Escrow Service - Tip Jar in Profile

Quote from: Prototype on April 17, 2013, 09:19:49 PM

If the problem is the concern about fake account, then why not price the units at a static price? Use the pricing model that Avalon used for their machines. If that isn't good enough then the potential for sales over time will be eroded by additional competition and diminished returns from increasing difficulty as more ASICs come online. Strike while the iron is hot, make the money and remain competitive in the market. If the prices are out of whack and everything is dragged out with auctions then others will have time to refine products and get them out the door to willing buyers. Simple economics.

Surely you are no shareholder. If avalon wants to churn out machines for low money that later sell for a multiple on ebay its their thing. Asicminer wont do this.

ShireSilver

sr. member

Activity: 382

Merit: 253

Quote from: Prototype on April 17, 2013, 09:19:49 PM

If the problem is the concern about fake account, then why not price the units at a static price?

The whole point of the auction is to figure out what the price should be.

Prototype

newbie

Activity: 13

Merit: 0

If the problem is the concern about fake account, then why not price the units at a static price? Use the pricing model that Avalon used for their machines. If that isn't good enough then the potential for sales over time will be eroded by additional competition and diminished returns from increasing difficulty as more ASICs come online. Strike while the iron is hot, make the money and remain competitive in the market. If the prices are out of whack and everything is dragged out with auctions then others will have time to refine products and get them out the door to willing buyers. Simple economics.

SebastianJu

legendary

Activity: 2674

Merit: 1082

Legendary Escrow Service - Tip Jar in Profile

Quote from: Marrs on April 17, 2013, 08:57:04 PM

Quote from: Jutarul on April 17, 2013, 08:44:00 PM

Quote from: delaria on April 17, 2013, 08:33:04 PM

1@70

How serious should we take an offer from a forum member with no reputation?

Does it matter? If they don't pay, there are plenty of fall back bids.

Its a problem. Think about it. Price at 60BTC. The bidder that wants to win bids 10@61BTC. Then he goes in with a fake account and bids 10@210. He knows that he wont pay the higher bid so that he will get all miners for 61BTC. Effectively forcing out all other bidders because they cant bid anymore. Theres no protection yet except reputation or something. But i think many users here on the forum have many different forum accounts. And are they only created for getting the ripple giveaway.

Marrs

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Activity: 112

Merit: 10

Quote from: Jutarul on April 17, 2013, 08:44:00 PM

Quote from: delaria on April 17, 2013, 08:33:04 PM

1@70

How serious should we take an offer from a forum member with no reputation?

Does it matter? If they don't pay, there are plenty of fall back bids.

Jutarul

donator

Activity: 994

Merit: 1000

Quote from: Prototype on April 17, 2013, 08:51:40 PM

Quote from: Jutarul on April 17, 2013, 08:44:00 PM

Quote from: delaria on April 17, 2013, 08:33:04 PM

1@70

How serious should we take an offer from a forum member with no reputation?

Does it matter? If they don't pay up, you have a record for next in line. They should be happy to have their bid honored.

The problem of fakes is that they may bid the price up. So they're doing damage to honest bidders.

Prototype

newbie

Activity: 13

Merit: 0

Quote from: Jutarul on April 17, 2013, 08:44:00 PM

Quote from: delaria on April 17, 2013, 08:33:04 PM

1@70

How serious should we take an offer from a forum member with no reputation?

Does it matter? If they don't pay up, you have a record for next in line. They should be happy to have their bid honored.

Rodyland

hero member

Activity: 499

Merit: 500

Quote from: Jutarul on April 17, 2013, 08:44:00 PM

Quote from: delaria on April 17, 2013, 08:33:04 PM

1@70

How serious should we take an offer from a forum member with no reputation?

John, I think maybe you should be keeping track of the first 20 bids or so, so that when people put in fake bids and fail to pay to escrow, the next on the list can be promptly notified.

Quote from: teek on April 17, 2013, 08:45:53 PM

deposit?

That's not a bad idea. Actually a few ideas come to mind.

x% deposit on all bids? (x between 1 and 10)

How about a silent auction where your bid for BTCx is represented by sending x satoshi to a predetermined address? (fully refundable at conclusion of auction of course)

Probably a bit late to be discussing this after the auction has started though....

teek

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