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RE: My First STEEMBAY Auction [New Drawing]
Thank you for using #steembay. This is an automatic auction, that will moderate your sale. The auction will start as soon as you upvote this comment and set a starting price with a comment.
To set the starting price and to open your auction, upvote and reply with:
start 1.0
Bidder Information
Bids have to be placed in the following format:
bid 1.0
The currency is SBD.
Lower, equal and invalid bids will be rejected.
Placed bids can be revoked by:
revoke bid
start 3.0
Auction is now opened. Starting price is: 3.000 SBD
Bids will be accepted until cashout time: 2017-11-27T20:20:15 UTC
This is a really cool idea. Obviously we still need to trust people. I hope not too many try to spoil it with fake votes. The evidence will be there to show that
Yes, trust and fair play are definitely needed to make this successful. But if it works, it is a really cool addition and can prove the awesomeness of this community.
Maybe if a bid required a vote and/or transfer it would weed out the fakes. I'm sure it will develop in time
That's an interesting idea! Like in an "American Auction", where every bidder instantly pays the difference to the previous highest bid.