Announcement: STEEMBAY is working NOW.

in #auction7 years ago (edited)

Earn SBD without blogging, just by selling items or services to those who already own SBD.
Get influence while keeping the tokens in the system...

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CCO from pixabay

Steembay is a blockchain based auction system to strengthen Steemprice and create circular markets.

We have a platform that is censorship resistant.
We have a currency that is available all over the world.
We have a transfer speed that is amazing (3 sec. which is faster than anything in the world).
We have an amazing community full of creativity.

Why the price of Steem is not yet through the roof?

Well there are quite a number of reasons, most of them are discussed at length but one of the reasons is for sure that there is no incentive for holding Steem/SBD other than hoping for a price increase. You can’t do not much with Steem or SBD other than transfer it to BTC and / or fiat. The markets are scarce.
One of the things that are really needed are these marketplaces they will ensure that you don’t have to pull out your Steem to BTC or fiat money. This move is key to strengthen our currency and the only way to get away from a constant drain on the price.
Additionally markets will give people with no writing / photographing skills the possibility to earn Steem and get influence on this platform.

@ned was talking about these circular markets more than a year ago and unfortunately not much happened since concerning this topic. At a certain point there is no more point in waiting and one has to start fixing things for yourself. That was my initial thought when starting creating steembay…

History

I was thinking about @steembay since before the Steemfest in Amsterdam and I was already in September 2016 talking to a lot of people about the topic. I had a clear plan in mind, but no one was willing to invest neither time, nor money into that. I was sure, if so many people invest in Steem projects, there will surely be someone doing, what I had in mind… seems I was wrong.

Now, more than a year later, I decided to become a little more pushy about the subject and I found a developer able to realize what I had in mind ( @schererf THX ) He additionally found solutions to some of the major problems we faced.

  1. 3 seconds between votes, 20 seconds between comments.
  2. A quite unstable blockchain at times…
  3. Constant changes at reward curves / communities / SMTs etc.

We decided to not give a damn about this all and build a recursive, strictly blockchain reliant bot-system, which is as fast as the blockchain allows and that is scalable until there are no more accounts available on Steem. At the moment we run 5 accounts, which should be able to handle open beta just nicely.

What can Steembay actually do?

  • When you use the hash tag #steembay , a botsystem will log the post and start managing your post as an auction. Automatically the ending time for the auction is the payout time of the post.
  • The starter of the auction can end the auction at any time with “end auction”, placed bids will stay active.
  • The starter of the auction can cancel an auction at any time with “cancel auction”, placed bids will be ignored.
  • The auction is manageable through comments.
  • Start of the auction with “start 1” (This will start the auction at a starting price of 1.000 SBD)
  • The starter of the auction can’t place bids
  • Bidders can place bids with a new comment “bid 1.5” or any other amount
  • A bid can be revoked with “revoke bid”
  • At the end of an auction the winner will get a congratulation comment.
  • Bids in the wrong format, out of time or by the wrong people will be rejected

Screenshot (98).png

Known issues

  • Highest bid will be open to see, no incremental approach like on ebay
  • You can overbid yourself
  • Sorting is crap on steemit atm. Hopefully this will be better as soon as there are communities or will be fixed with an application.
  • Remembering items is not possible at the moment ( => fix in application soon)
  • No prevention of “funbidders” and trolls

Plans for the future

  • Integration of a encrypted “reserve” price via memo
  • Memo bidding, which would allow anonymous bidding as well as incremental approach to the highest bid.
  • Integration of an automated escrow service (meanwhile you could use the existing one)
  • Application with a better sorting system and “on-system” possibility to remember searches and items, as well as bidder selection (min reputation etc.)

Important

There is no way to ensure legally what happens here and everything is trust based. I am aware that there are a lot of people who want to stay anonymous, but there are also many who do not care about that. Please do use this service at your own risk and be aware that you have to show at least to one person your address details, if you purchase something material.

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CC0 from pixabay

Monetization

The Steembay service is free to use and does not cost anything. We will ask for an upvote on our initial comment, which will hopefully ensure that we can keep our servers up. We also plan to post a weekly report on updates and numbers about this service, hoping that we can finance further development with that. As long as there are no communities, we suggest declining payout for your auctions.

What we really need

We need your suggestions, what you’d like to be implemented.
We need financial support to keep up our servers and to continue development.
We need this service to be known all over the platform and beyond.

So please use it, upvote our first comments in your auction, share (resteem) the idea…. THX

TL&DR

We have build kinda “ebay” on the steem blockchain. It works and explains itself if you use the #steembay in the tags and we need your upvote / donation / resteem for this service to stay free of charge and to become known!

Yours

@schererf

And

@pollux.one

Sort:  

Yes @pollux.one, supply and demand are perhaps the most fundamental concepts of economics. This is giving a new approach to steemit ecosystem. @steembay

Nice post! What will happening, if someone resteem your post?

well, @pollux.one and @schererf i think this is a good innovation but there is also a need to break it down because it seems too complex to understand for a new user like me but i actually enjoyed reading this post and i look forward to seeing it in progress #steembay

Community of Steem is growing and is offering wider and wider spectrum of services. This is the way! Re-steem!

Yes it's growing ... and now steem price is growing too!!!

STOP upvoting your own posts!
I found a upvote/follower exchange that gives you 5X your upvote value(if your a minnow).
Its called SteemFollower in fact,
This post is being upvoted by SteemFollower give it a try.

Wow! Did you see @acidyo? You have been upvoted by the super famous @chiny!!! Time for a celebration!!! (See below)

Sure Thats Good For all ,

Decent undertaking!
Group of Steem is developing and is putting forth more extensive and more extensive range of administrations.

visibility growing!!!!!!

i hope you dont mind if i were to put you in a post i am making about all of the different kinds of services that people have the option to use on steemit .

i give you upvote acidyo, you can also visit my blog---> https://steemit.com/@chiny

Wow... this is about the greatest news EVER!

Not just because it's awesome to have an internal peer-to-peer marketplace, but because of what that could MEAN for Steemit, in a larger sense: What this does is to create an "economic reason" for the Steem token to exist... above and beyond just the social content platform.

Phrased differently, Steem just went from being primarily an "asset class" to being a bonafide "currency."

Why do I find this so exciting? "Differentiation." As myriads more ICOs come to pass, it's inevitable that we are moving towards a place where a bunch of "shitcoins" are going to get their wakeup calls... and dramatically dump value. Having an actual Steem based economy now gives us an edge over all of them-- from a pure INVESTOR standpoint. A true "reason for being." And how cool is THAT?

Resteemed, and many thumbs up!

(And yes, I'm a 20-year eBay veteran and user....)

Thank you so much. This is probably the most moving comment I read so far.
You are speaking from my heart so to say...

THX

Amazing! That's a good idea. Can market valuable things that are just set aside and not in use. Thanks

I wish you a lot of success

I appreciate it! Anything helps!
No need for a popularity contest. I strongly believe this COULD improve Steem a great deal.
THX!

Is this for services or materials only because will people bid for written content like health or education articles?

@sayee. good question. I'm so interesting about it

excellent idea! best one I've seen lately.

I think your very right, I think steem has alot of great benefits as a currency!

brb flagging this with my alt account

lol

Resteeming this hope to help a little for your great content

Re-steeming for visibility! well project!

steemit always heplfull for us..once a time this steemit get learning in your life..@aggroed

Very interesting you won my vote I invite you to follow me, see my publications and reesteem if tegusto publishes the post that you like and also to help me grow thanks also follow me @gibsonbencomo

Cool concept!

Cool. Might give this a try to sell a few of the silver steem coins minted by @phelimint.

I think we may end up seeing a few here for sure. I already had to give it a test, I love the idea!

Yeah I saw yours on there. Looks like it’s up to 53 SBD. I would really like to see this steembay take off.

Great! Glad you like it!

A German translation is now available:

Ankündigung: STEEMBAY ist JETZT funktionsfähig!

Thank you @pollux.one and @schererf for creating this amazing service!

Top I'll read it straightaway.

It's so funny that my confirmation for the registration came in today and this is the first post I've checked out using my account. It's funny because I work for Ebay, so I decided to do my first comment on this telling everyone the story. :D

Heil Blockchain!

Added a link directly into the post.
THX a lot for the work!

Yes now we fully understand the working principle and purpose of the steembay......

THIS IS JUST GREAT!
I wish you a lot of success (and it seems to work like a charm)
Resteemed the fist ever real auction on Steembay!

Thank you very much for this project. I'm sure this will advance steem and have a positive effect on the value of the Steem token

could be great ! look forward to seeing it ..I've got some prints to sell

YES!

This is what I've been wanting ever since I saw Dan's Steemit's Evil Plan for Cryptocurrency World Domination post. I really hope this gets used a lot. I also hope we can eventually build into the escrow commands that are there but not exposed via the Steemit interface yet. Great work! I'll be watching this one for sure.

Resteemed.

THX!

Means much to me, you saying that... ( I talked to @ned about this on Steemfest 1 already and had no chance on Steemfest² to talk to you about that matter. You seemed always busy ;-) )

Can you tell me more about the escrow (perhaps via steemit.chat ? same username there )
I think we are already are using some of these features in our testing environment ;-)

Keep up the good work!

Hey @schererf @pollux.one, good job guys.

One very simple idea for announcing the current highest bid:
Update your first auction comment each time you see new higher bid. It's very easy to do that using steem-python or SteemJS whatever.

In order to keep the first action comment always at the top, do self-vote on it rather than just waiting for the valuntary upvote on it.

THX for the idea. Actually we are already working on realizing this (had a similar idea).
Needs some time testing because it has to work on a separate script (for security and timing reasons)