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Topic: BlockRun.com - Penny auctions on the blockchain - page 7. (Read 10316 times)

hero member
Activity: 784
Merit: 1000
Casper - A failed entrepenuer who looks like Zhou
Hope i wont sleep within this 2 hours, waitin for the nexus block Tongue

I am still UP 0.5BTC on your site
hero member
Activity: 622
Merit: 500
www.cryptobetfair.com
I just won the Pebble Watch!!  Its going to make a great wedding present for a friend of mine.  I had a quick question though, I was winning at .16, then a block or 2 later, someone else bid the exact same amount, .16
I didnt know what the situation was with a tie, so I bid .17 and won.  So if I let that go, would I have won at .16 because I put that bid in first?
full member
Activity: 210
Merit: 100
Yeah, some super quick blocks shut that auction fast!

I'd imagine we can probably ship to HK one way or another  Wink


Suggestion: Reject bid by returning at the end of the game if the bid is <=Current Bid that the time the server listens the new bid.


We do auto-refund bids that are unconfirmed at the end of the auction. See on the Pebble, the last bid (that didn't make it) was auto-refunded once it confirmed: http://blockchain.info/address/1Run2tGcZhPZ1ndYiaWJFSRs7NAwx8o2j
hero member
Activity: 784
Merit: 1000
Casper - A failed entrepenuer who looks like Zhou
awww... the block came after me too much this time lol.... wish i could get my 0.18 in.... imma bid on the nexus i guess (does it ship to Hong Kong if i can pay for the delivery?)

Suggestion: Reject bid by returning at the end of the game if the bid is <=Current Bid that the time the server listens the new bid.

Wishes you still have some inventory these fun stuff, imma bid on them if i have time and not tired for sleep
full member
Activity: 210
Merit: 100
Wait,,, what- -... my move was eaten by own TX fee..... CRAP...
Would this be rejected... i guess?
Or did i just dumps some BTC into the abyss?

If the bid is accepted into a block before the end of the auction, it is not refunded. Due to the fact it is a peer to peer network and miners accepts some transactions before others, we can't know for sure if one bid came before another. The only thing we can be sure of is if a bid is in a block (sorry!)

Pebble is going quite cheap:
http://www.blockrun.com/auctions/pebble-watch-3

These watches are worth about BTC2 on the second market right now  Grin
full member
Activity: 210
Merit: 100

Pebble is blockrunning and getting some interest:
http://www.blockrun.com/auctions/pebble-watch-3
If it were me, and I was running BlockRun, I would only allow people to list items themselves if they first sent those items to me.  That way, I could inspect them, make sure they work and are in good condition, etc.  I would also ship those items out myself.  I would charge maybe 25% of the bids for the item in exchange for this service.

I wouldn't step into the escrow world directly with a service like this.  What would be the resolution for a he-said, she-said debate between people?  He says he shipped the item, she says she received a brick.

The logistics involved with that would be insane and make the whole thing not worthwhile. We have thought about doing some kind of user generated auction thing, but you're right, we'd have to be very careful to stop people from scamming!
hero member
Activity: 784
Merit: 1000
Casper - A failed entrepenuer who looks like Zhou
Wait,,, what- -... my move was eaten by own TX fee..... CRAP...
Would this be rejected... i guess?
Or did i just dumps some BTC into the abyss?
legendary
Activity: 1400
Merit: 1005
I guess he mean a service like you being an escrow man and issue his things with BlockRun Style.

I also found a thing funny that you make the email not on the time when the n-3 block came, but you make it n-4 + 10 minutes

That's something we might look at, would anyone else be interested in creating their own listings?

I assume you mean the "blockrunning" notification emails? There is a slight delay with mailchimp sending out their mails, so we actually send it slightly earlier (<1 block)  Wink

Pebble is blockrunning and getting some interest:
http://www.blockrun.com/auctions/pebble-watch-3
If it were me, and I was running BlockRun, I would only allow people to list items themselves if they first sent those items to me.  That way, I could inspect them, make sure they work and are in good condition, etc.  I would also ship those items out myself.  I would charge maybe 25% of the bids for the item in exchange for this service.

I wouldn't step into the escrow world directly with a service like this.  What would be the resolution for a he-said, she-said debate between people?  He says he shipped the item, she says she received a brick.
full member
Activity: 210
Merit: 100
I guess he mean a service like you being an escrow man and issue his things with BlockRun Style.

I also found a thing funny that you make the email not on the time when the n-3 block came, but you make it n-4 + 10 minutes

That's something we might look at, would anyone else be interested in creating their own listings?

I assume you mean the "blockrunning" notification emails? There is a slight delay with mailchimp sending out their mails, so we actually send it slightly earlier (<1 block)  Wink

Pebble is blockrunning and getting some interest:
http://www.blockrun.com/auctions/pebble-watch-3
hero member
Activity: 784
Merit: 1000
Casper - A failed entrepenuer who looks like Zhou
Ah... CRAP... when i click send tx, suddenly DING..... = =, my click was like 1 seconds after the 0.16 came.... seriously - -
hero member
Activity: 784
Merit: 1000
Casper - A failed entrepenuer who looks like Zhou
I guess he mean a service like you being an escrow man and issue his things with BlockRun Style.

Gah, block is not even walking now....

I also found a thing funny that you make the email not on the time when the n-3 block came, but you make it n-4 + 10 minutes


https://blockchain.info/tx/cbe4f2827e7ce62136db9f403c492d36b61b246e4a0ef05947bf978613026644

Still being curious on the irrationality on the human brain. (Or did i suppose everyone knows game theory..?)
full member
Activity: 210
Merit: 100
Closing Now

Pebble Smart Watch:
http://www.blockrun.com/auctions/pebble-watch-3

1 Bitcoin:
http://www.blockrun.com/auctions/1-bitcoin-16

Nexus 7 Tablet:
http://www.blockrun.com/auctions/nexus-7-tablet


Any chance you could let users post bitcoins or merchandise for bidding?

Interesting, would you like to list your own products in an ebay-style auction, or a BlockRun type auction?
cp1
hero member
Activity: 616
Merit: 500
Stop using branwallets
Any chance you could let users post bitcoins or merchandise for bidding?
full member
Activity: 210
Merit: 100

That'd be me.  Smiley  I think I got lucky - three very quick blocks in a row, within 1 minute of each other.

Congrats, you got a super good deal!!

Closing today

Sphero (robot ball): http://www.blockrun.com/auctions/sphero-1
Tetris Light: http://www.blockrun.com/auctions/tetris-light
Minecraft Wallet: http://www.blockrun.com/auctions/minecraft-wallet
1 Bitcoins: http://www.blockrun.com/auctions/1-bitcoin-14

The difficulty is literally about to change, so that should spice the blocks up a little bit!

Don't forget to sign up for email notifications on each auction page  Wink
hero member
Activity: 784
Merit: 1000
Casper - A failed entrepenuer who looks like Zhou
OH! NEW 1 BTC to be bid.... in my dreams~~ slept by that time, have fun.
Thinking of what shall i try today'
Meanwhile facepalmming on how illogical people play here, good for ya dispy
hero member
Activity: 784
Merit: 1000
Casper - A failed entrepenuer who looks like Zhou
Argh... too sleepy last night, slept 3AM (~3PM on America), was thinking of some biddings but zzzz......
cp1
hero member
Activity: 616
Merit: 500
Stop using branwallets
I was watching the pebble and the ipad totally slipped my mind.  It is odd to have these auctions that go for 2500 minutes with no action, and then all the bids come in the last 40-50 minutes.  It would be nice if there were auctions ending every couple hours so there'd be more constant action, instead of 40 hours of nothing and then an hour of bidding.
legendary
Activity: 2058
Merit: 1452
Actually, this does not work like a Penny Auction. In a penny auction, you always bid a fixed amount. Here you have to pay the actual amount you are willing to pay immediately instead of bidding $1 a hundred times.

So, it works differently, and it's easier for "gamblers" to see what they spend and what they get in return.
It still falls under the umbrella of bidding fee auction or "all pay" auction.
full member
Activity: 196
Merit: 100
Actually, this does not work like a Penny Auction. In a penny auction, you always bid a fixed amount. Here you have to pay the actual amount you are willing to pay immediately instead of bidding $1 a hundred times.

So, it works differently, and it's easier for "gamblers" to see what they spend and what they get in return.
legendary
Activity: 1400
Merit: 1005
ugh i am sorry blockrun i was about to bid on the ipad.

grats to whoever won it.
That'd be me.  Smiley  I think I got lucky - three very quick blocks in a row, within 1 minute of each other.

its a small world after all Cheesy now double my minecraftcc payments :3
LOL no.
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