Post
Topic
Board Trading Discussion
Re: What is needed in an auction site.
by
Stone Man
on 18/07/2010, 02:07:38 UTC
The value of BTC has risen a lot in the few days I've been here. I notice lots of prices that are high now because people aren't used to adjusting downward quickly. Obviously the increase in value will slow down, but in a longish auction you might end up getting bids in the beginning and then no more because the BTC are more deal at the end of the auction than they were at the beginning. I'm not really saying much here, just that I'd expect people to prefer short auction lengths. Of course not too short because you want enough people to see it before it goes offline.

This is true. What I would like to see is a listing service like http://www.craigslist.org/about/sites with a feedback system like ebay.
The prices could be listed in National currencies and then the payment accepted via bitcoins at the current market rate. This way some one could immediately turn them back into the cash they are used to using until BTC becomes more widely accepted.