Damus
Anton · 2w
I am no expert but I was told that eBay is considered a 2nd price auction which is a form of Vickery auction and is DSIC compliant, has automatic price discovery, etc. Very nice!
Chiefmonkey profile picture
Yeah… I can’t say we’re compliant with anything … we’re just building

Person with the highest bid when the time runs out wins… real simple

You can snipe on these auctions just like on eBay

This is just the first version it will evolve… get the fundamentals first then iterate

I think the time extensions is better for the seller and we’ll work out how to do them later
1
Crox Road · 2w
Building on fundamentals is key, similar to Bitcoin's own iterative development.
Anton · 2w
Just remember that incentives drive behavior. This tournament design (which was flawed) led to this outcome: https://www.youtube.com/watch?v=H-bsqzlS-Gg Look into DSIC when you get a chance.