Topic: Satoshi Auction - Bid on a prize where 98% of each bid is added to the prize. - page 2. (Read 1089 times)

Accumulation means adding up with the previous amount?
In that case in a regular auction how do we play it? You call 2 then I call 3, then you call 4. Basically you are adding more 2 with the previous call. So it's accumulation. I was expecting the same but it seems it's not the case.

Interesting design choice, that makes it an entirely different game play. I expect people to be less likely to overbid by a tiny amount this way, but it levels the playing field for everyone: nobody can build on their previous bids.
Maybe, when your site has many active players, you can experiment by adding "accumulation games" to see which one is more appealing.

It was. Does that mean not showing the deposit was intentional? That can be confusing if someone bids a certain amount right after someone else bids a higher amount. I'd say both bets should show up.

Hey, sorry for the late replies, I've been super busy with another project and I didn't realize the reviews had started.

The bids aren't accumulated.


Ah yep, this was unclear in the rules. Bids don't accumulate. It just takes the maximum bid that you sent.

Was this bid not added to the auction prize total?

quick one! If I bid 1BTC and someone else bids 1.3BTC, and I submit another counter 1BTC from the same address, will my bid become 2BTC? are bids accumulated. Why isn't the administrator replying to this comment? This is a horrible thing.

Do you guys need a botz ?

That would result in the prize being: 0.0001+0.98*(0.00000300+0.00000400+0.00000800+0.00000800+0.00004063+0.00004779+0.00004780)=0.00025603 BTC.
If you add 98% of my missing 0.00000666 BTC deposit, you'll get the correct Prize (after rounding down).

I checked, and that's correct. My second deposit confirmed in block 770,934, BitcoinGirl.Club's deposit confirmed in block 770,915 and the prize was sent in block 771,085.
That leaves 151 blocks after my deposit, so it extended the auction by 144 blocks. I guess the transaction was broadcasted 5 confirmations later.

There's still a flaw: my bid never showed up in the list of Participant payout addresses.

Definitely. But: I think the game is more fun if you can increase your bid. Let's say you bid 1 Bitcoin, and the Prize is at 4 Bitcoin. If you'd have to bid 1.1 Bitcoin to increase your prize, you're less likely to do so than when you need to send "only" 0.1 Bitcoin.

It was added to the winner's amount?  (I don't know for sure).
It has increased the "ending time" with 140+ blocks? (I am 99% sure it did).
This means that it was seen as a smaller (non-winning) separate bid, no matter the originating address.

So it can be "the expected behavior", just it must be documented.

OP hasn't responded yet. For the record: I don't need the refund, but if it's a bug, it should be fixed. And if this should work the way it did, it should be clearer in the Rules.

I am the culprit LOL. According to the game rules a fraction more means all previous depositor lost it. Interestingly bitcoin does not have a decimal of of 1 sat 😂

Did you get refund? I will need the piece of information before starting my review

Create a watch-only wallet in Electrum, and import the deposit address. You'll get a pop-up for every transaction.

Imagine reducing the screen brightness on every every website I visit. Without installing anything or lowering my system brightness, the dark mode option would fix this issue. imho

well just as i promise yesterday I've just sent in my bid of 0.00086546 into the Auction 37

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I'll give my review/suggestions as we discuss on. OP, it would be cool if we could be notified when a new bid or maximum bid comes in, a way to track progress nah? Is that even possible? Yes, but I don't know how.

Sniping isn't possible, as each new bet will extend the auction.

LN would be good, but unfortunately it doesn't work with the required transparency of all bets.

I do not think the motivation for this is to snipe bids, because this will be extremely risky from the operators perspective. There are always people with more money out there, so they stand a huge chance of losing the bid, if a whale snipe their "snipe" bid.

The concept are flawed... as shown by other people on this thread and the idea are poorly executed. You cannot start something like this and then not document all aspects of the rules. 

Even "satoshi bids" increase the Prize. I'd like to see this game with much higher bidding, see what happens if there are 4 bids around 0.005BTC. If a fifth user joins, the prize goes up by at least (98% of) 0.005BTC, even if he bids just one satoshi above the highest bid.
I'm still unsure what happens if someone increases his bid, or if that isn't possible at all and he has to make a new bid from a new address for the full amount.

I just reduce my screen brightness

This is my first time commenting here; I just visited your website; sorry, but it appears to be a low-budget site at first glance; this is just my honest opinion on the UX/UI design. I'll participate in the auction and then give my honest opinion.

can we have a Dark mode option on the site? black on a plain white affects the eyes.

My review:

I’m currently bidding on game 32 that still not completed so this feedback will be updated base on the results.

But I want to made a comment about the bidding rules since this game is an auction. It’s odd to see that same amount of bid is allowed on this games since auction is a bidding war without no tie winner for the price.

If possible add a minimum bid increments to avoid spam satoshi bids that typically prolonged the game due to extension of block.

I would like to see too the history of blocks being added when new bid is made. Let’s say bid 2 was made when the block remaining is 80 to check bids timeline without visiting the blockchain and easily verified all bets timestamp.

I’m wondering since there’s no rules about what is the additional block when new bid made. For example the current block 10 then new bid register, is the block counter will be added by +144 block or just +134 to reset on 144 block initial count down?

When I first checked the Past Auctions, all of them had either no players, or just one. That's a pitty, I think this game will only be fun once a few people join and bid against each other. I like the concept. The more people join, the bigger the prize gets!

Thoughts

• I can't "double click > copy" the Bidding address, because there's a link under it. Can you add a 1-click "copy" icon?
• To stop games for taking forever: how about decreasing the 144 blocks between the last bid and the end of the auction by just one block for each bid? With the exception that if 2 bids are made within the same block, that still only reduces it by one block (to prevent someone from dropping it to zero instantly by making 144 bids). For most bets, it won't matter, but at least it will give each game a hard upper limit in duration.
• Bidding the exact same amount as the previous highest bid may work to "settle" a bidding war into 50-50 (or 49-49 after the house edge) prizes.
• Do you have to bid from the same address to raise your bid (either by using another input from the same address, using the sending address to return the change to, or by funding it from another address)?
• What happens if someone uses more than one sending address (in one transaction)? Do you randomly pick one? I think this is important to know when someone wants to raise their bid.
• The required number of confirmations (5) is still quite large for penny amounts.

Game 32
I joined Game 32 (should it be called Auction 32?) with 0.00004779 BTC, after a few other players joined. My deposit with 0 confirmations was instantly added to the list of Participants (but not to the total Prize yet). After a few confirmations, everything looked as expected.


At first, only the winning addresses were shown on the leaderboard. I would have expected all transactions to show up, that can be useful if someone's deposit is already beaten by someone else before it had 5 confirmations. This was updated already before I posted my review. Follow-up question: can you highlight the current highest bid(s)? And how does it show it if one address made multiple deposits?

After someone bid 1 sat more than my bid, it gave me the chance to see if I can raise my existing bet by depositing 0.00000666 BTC again from the same address. I think the amount was added to the total prize, but my Bid wasn't increased (after 40 confirmations). My guess is this is not the intended behaviour. It turns out you can't raise your bid, you can only make a new higher bid.
Update: Game 32 ended, and my last deposit was never shown. But 98% of it was added to the Prize.

In coinballer, the first 100 players are stated in its rules, while here in the Satoshi auction, there is nothing like that stated in its rules, it's a bit unclear.

Apart from that, it is clear that this is in favor of the whales, I seem to be shaking my head now because I will auction without an item to be auctioned, instead, I will exceed the auction price of other players here, my understanding of satoshi auction, correct?  I am bidding without important goods. I am bidding on no goods but just increasing biddings, the question is how much are the maximum Bids? is it 1 BTCBTC?

I thought this was not a game, just an auction site to buy something, but I was wrong, this is a game, I think it's true that the big whales could have monopolized this game, although there are still not many users playing there, it still looks normal, but if this game becomes popular again of course it will lure whales to play this, it should be anticipated

I'm still working on my review, but I think you're overthinking it Or maybe I just like simple websites without eye candy, and maybe we got used to having to read fine prints everywhere. If I'd have to write an Howto for this website, I'd write: Click Current Auctions > pick one > send Bitcoin to the Bidding address from your own wallet. That's it.

The Prize (in Bitcoin).

Satoshi Auction review

1. The first impression the website offered me was that it looks too simplistic, like it was created by a beginner web designer. It's simply plain text, black on white, with no animation, nothing fancy, nothing to entertain the users.

2. The site is so simplistic that it doesn't even have a Home button. There are also some sections which are missing but they are common sense for any other website. Among others, there are no "Contact", "Terms & Conditions", "Privacy", "Disclaimer" sections. Social media links are not a must, but many websites add them as well.

3. The website is localized only in English.

4. The "Yin & Yang" picture from the top of "home" page redirects to https://decision.casino/ and there are listed Satoshi Auction and Coinballer websites. However, there is no hint for the users to click on that "Yin & Yang" picture and, furthermore, there is no information for the users about the connection between Satoshi Auction and Coinballer. A new user will ask this: (1) What is Coinballer?; (2) Why are those two websites shown if I clock the "Yin & Yang" picture -- what's the purpose of this page?

5. The website works fine with Tor, which represents a plus.

6. The most important issue, from my perspective, is that I have no idea about what kind of game this is nor how to play it, nor what I may win & lose. I just accessed the site and I see this:


Welcome to Satoshi Auction. -- okay, thank you for welcoming me. But now what? What website is this? What am I doing here? What is being auctioned? What's the purpose of the website?

Instead of finding an answer to any of the above questions, after the welcome message I see this: Payout will be returned to the address that sent the maximum bid. Please ensure you make a bid from an address you control.. What payout? Address that sent maximum bid for what? Make a bid from an address you control -- how? And bid on what?

By pure chance, I accessed also Coinballer website and there I saw, on "home" page, that there is a "New game" button. Satoshi Auction does not even have this button.

The next logic step was to access "Rules" section. But here I stumbled again on some text lines which raised me same questions.


Satoshi Auction is a form of penny-auction. -- But what is a penny auction, first of all? I believe there should be a link describing what this kind of auction represents.
In a penny auction, each bid is paid for in advance, and there are no returns. -- This line explains how such auction works, but not what it is.
The prize starts off as 10k satoshis. -- The prize for what?
Anybody can make a bid for the prize, at any time. -- Bidding on what?
This will take appoximately one day. -- This sentence has a typo: it should be written "approximately" instead of "appoximately".

Having in mind that, so far, I could not understand what kind of game this is, I returned to the forum, where I found a few more details, but far from clearing things up for me. However, I have the impression that, for fully understanding the website / game, the user is required to read everything also on the forum, in order to understand better. This should not happen; all information should be present on the website.

So I returned to the website. I can also see "Current auctions" and "Past auctions". However, there is no indication on what exactly was auctioned.

I finally access "About" section.

The source code for this host is open source and we are hosted by Google Cloud. -- Who is "we"? We who?
The Satoshi Auction concept is based on the game of Coinballer. -- Obviously, since the user does not understand anything from this website, he will click on "Coinballer" as, maybe, he will find there some more information about the purpose of this website. But Coinballer contains also no detail and looks like a mirror of Satoshi Auction. This try to understand the website / game is another dead end.
There is a thread about this site on bitcointalk.org. -- As I said above, users should not have to access the forum for properly understanding how the game works. This line should be replaced with something like "For more details, click here", and the term "here" should have a hyperlink inserted on it redirecting the user to a page containing a proper description.

I will end here this feedback, but I will come back in case I will find any other bug on the website or in case I'll have more suggestions. I hope this helps.