Author

Topic: The Bitcoin Auction Game (Read 1311 times)

newbie
Activity: 28
Merit: 0
August 27, 2012, 09:28:42 PM
#11
EmanuelDeOrtego from Freenode IRC bids .1 BTC

;>_<
newbie
Activity: 28
Merit: 0
August 27, 2012, 09:22:15 PM
#10
Any other bids?
hero member
Activity: 784
Merit: 1000
0xFB0D8D1534241423
August 27, 2012, 06:30:05 PM
#9
It is Martin Shubik's dollar auction. In this game only one winning solution exist - not to play!

http://www.youtube.com/watch?v=NHWjlCaIrQo
Or have nobody else play and win it at 0.03 BTC Grin
.03 BTC. 

17QAPwXnqXX771j2CB7y2ahuoX76X4aipv
legendary
Activity: 1582
Merit: 1002
August 26, 2012, 08:57:28 AM
#8
It is Martin Shubik's dollar auction. In this game only one winning solution exist - not to play!

http://www.youtube.com/watch?v=NHWjlCaIrQo
legendary
Activity: 1284
Merit: 1001
August 26, 2012, 07:16:05 AM
#7
This is ridiculous. Any reasonable ppl would bid 0.999999BTC in the last.
Problem is, it doesn't stop there. If you've already bid 0.98 it will only cost an extra 0.03 btc to have the winning bid and get 1 btc instead of nothing, and then the same goes for the guy who bid 0.99. It's a suckers game.
full member
Activity: 140
Merit: 100
August 26, 2012, 07:09:37 AM
#6
This is ridiculous. Any reasonable ppl would bid 0.999999BTC in the last.
hero member
Activity: 854
Merit: 1000
August 24, 2012, 01:09:03 PM
#5
.03 BTC. 

17QAPwXnqXX771j2CB7y2ahuoX76X4aipv
legendary
Activity: 1615
Merit: 1000
August 21, 2012, 01:31:34 PM
#4
I bid 0.02 BTC on behalf of IRC user EmanuelDeOrtego.

Return address:
18A6wh7KAaH4TkEH9iZDeTAeKwGwqEHxuW
newbie
Activity: 28
Merit: 0
August 21, 2012, 01:29:01 PM
#3
It ends on the 28th Eastern time.
Midnight Eastern Standard time.
newbie
Activity: 28
Merit: 0
August 21, 2012, 12:51:15 PM
#2
It ends on the 28th Eastern time.
newbie
Activity: 28
Merit: 0
August 21, 2012, 12:50:01 PM
#1
This game involves me auctioning off a Bitcoin for Bitcoins with the following rule: the Bitcoin goes to the highest bidder, who pays the amount he bids. The second-highest bidder also must pay the highest amount that he bid, but gets nothing in return. People who don't pay get a SCAMMER tag next to their name.

Winner and second-highest bidder pays here: 1NT3AGJaYra5Zy71zXMz5vxpZsJW9FjSnP

The winner will be paid at their posted Bitcoin address. Auction starts at .01 Bitcoins. Go.
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