You are funny. Unless one has 10 different addresses, each holding more bitcoins than bids aimed to be outbidden, there is no way he can own 10 shares.
When the auction opened, you could own 9 shares for 9 Satoshis.
For that to be true, I'd need to send 1 Satoshi from each of the 9 different addresses, than send more bitcoins individually for each and all addresses where my
bid was no longer the highest one.
That's precisely right, and how bitcoin auctions using the blockchain can differentiate between different bidders. How else can you validate yourself? Lets say we each sent in 3 transactions of .1 BTC. Lets also say that I'm not active in the forum, and then you come in and say that you sent in 5 transactions. Suddenly you've stolen my bids. Requiring the bid to be tied to the address is a great way to simplify bookkeeping on everybody's part and to keep your bitcoins safe from people like me who might say that I sent it in, and how would you prove that it was your transaction and not mine?
Let's complicate it more - only addresses starting with 1a2b3c are valid. I'm sure majority of bitcoiners would love it.
This statement makes no sense. Addresses are randomly generated and unique - there's no reason to have a qualification on address.
What you are saying is that I don't own 5 shares for 0.1 BTC each but just 1 share for which I paid 0.5 BTC already. Unless I use some new addresses to send bitcoins, I can bid on 1 and only 1 share - the one I own right now. Or I actualy own more than 1 share now, but I'd need to figure out how many bitcoins were sent from each of addresses I've used already, else there is no way for me to figure out anything? One who has 10 BTC split on 10.000 addresses already lost the auction? Unless one uses Armory, blockchain.info wallet or some other solution, he is pretty much screwed and might actualy seriously overpay the share.
LOL?
1st - I've not heard of armory before. I looked it up and it looks nice. Please let us know what client you are using - I am fairly certain that specifying sending address will be an option. But you are correct, right now you own a bunch of bids. There's time until the auction is over (Prof - this is the #1 question that you're not answering. Please answer it. It will make everybody happier.) and we can figure it out.
@ theGECK
You and Prof must be right, that is why there is incredible amount of interest in this offer. There are five pages of posts already not because it is unclear what is offer about or because the deal is overcomplicated but because people just love to post, they do it for fun or to increase post count.
You want to attract as many people as possible and have fun but you are making managing the offer convenient for you only, at all costs it seems. What a joke!
"Convenient for you only, at all costs".
1) Not sure how I got roped into this, since I'm not the one who set the rules. I just agree with them.
2) Seeing that what we're talking about is how Bitcoin has worked since day 1, I don't think that it's a matter of convenience for Prof. It's a matter of making sure that nobody can lay claim to bids in the future. If there's ever a dispute, whomever can send from that address owns the bid - conflict resolution becomes very simple.
3) Again, this is how Bitcoin works. You send coins from an address that you have the private key to sign the transactions. Please let us know what you're using and we'll help you figure it out.
