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AUCTION VENDING MACHINES ARE NOW OPERATIONAL

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adam

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Posts: 1980
Location: California, USA

We're no longer running auctions on the forums - links will be posted here shortly but the first two auctions are now live

http://auction.letstalkbitcoin.com/auction/ltb-weekly-sponsorship-auction-2 and http://auction.letstalkbitcoin.com/auction/ltb-weekly-sponsorship-auction

Posted on August 11, 2014 at 1:54 PM

11 likes

• belltown

  

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  Posts: 107
  Location: seattle

  Wow! This is super cool. I'm sure a lot more people will participate in auctions now.

  Posted on August 11, 2014 at 2:07 PM
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  3 likes
• Mike

  

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  Posts: 203
  Location: Chicago, IL

  Cheers, mate!

  Posted on August 11, 2014 at 2:19 PM
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  1 like
• D1smay

  

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  Posts: 257

  Cheers, wait!

  Posted on August 11, 2014 at 2:24 PM
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• therealtwig

  

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  Posts: 97
  Location: Bloomington, IN

  Very, very cool! I also love the idea of the bounty you must pay on top of bid to secure it. A interesting way to incentivize the bidding process. Great job guys!

  Posted on August 11, 2014 at 2:45 PM
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• davidareallen

  

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  Posts: 306
  Location: Canada

  Nice job, bots in the vending machine!
  Smooth and easy.

  Now all we need is a LIVE Ticker on our browsers!

  Posted on August 11, 2014 at 2:57 PM
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  1 like
• davos

  

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  Posts: 3

  I'm not entirely sure I follow how the bounty works - is that an additional fee paid to the previous bidder?

  Are other shows using LTBcoin for advertising spots / will they be using their own sponsor tokens or would it be possible for sponsor tokens to be used across shows?

  If you auctioned a number of sponsor tokens which could be used on any show - even if LTB spots cost 2 tokens vs 1 for less trafficked shows - it would expand the network which is only good.

  Posted on August 11, 2014 at 3:03 PM
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• bcohen

  

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  Posts: 260

  @adam

  is this proxy stile bidding ? http://en.wikipedia.org/wiki/Proxy_bid

  Is there an outbid email notification in case I get outbid and decide to increase my highest bid later on in the auction ?

  Posted on August 11, 2014 at 3:04 PM
  Last Edited: August 11, 2014 at 3:18 PM
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  1 like
• lovebitcoins

  

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  Posts: 103

  This is awesome.

  Posted on August 11, 2014 at 3:06 PM
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• adam

  

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  Posts: 1980
  Location: California, USA

  @bcohen @adam

  is this proxy stile bidding ? http://en.wikipedia.org/wiki/Proxy_bid

  Is there an outbid email notification in case I get outbid and decide to increase my highest bid later on in the auction ?

  It is loosely modeled on proxy stile bidding, yes. We will be tweaking the incentives

  Currently there is no connection between your account on LTB or an email address and your bid. I suggest you take the bidding address and add a http://counterwallet.co watching only wallet to monitor this.

  Posted on August 11, 2014 at 3:29 PM
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• cc5alive

  

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  Posts: 38
  Location: Los Angeles

  Love the implementation already and think the suggestions from @bcohen (outbid email notification) and @davidareallen (live ticker on site) would be wonderful additions.

  Posted on August 11, 2014 at 3:29 PM
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