Post
Topic
Board Announcements (Altcoins)
Re: [DVC]DevCoin - Official Thread - Moderated
by
melodiem
on 27/05/2014, 09:08:20 UTC
I never reset the timer for the gift card you were winning.

I have watched it reset twice, there is no indication anyone else won anything or any auction I bid on has ended, nor is there any refund of my bids for the auction not reaching the reserve. (which is how you explained it earlier in this thread)

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These ones are nowhere near reserve so I thought I would extend.. but I'm thinking of letting some of them expire and refunding the bids for them if they don't reach reserve this time. Sorry if this caused some confusion... I hope you see why I did this.

No I dont understand. You said it runs one way and now you say you changed your mind and just extended.

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You were winning the gift card one and the reserve was 0.14 which you must have seen when you bid on it and it turned green instead of red. It's not in reserve status anymore.

I watched it restart for the second time today Sidhujag, that was a few hours ago now when I posted, but this is now:

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There is no choice but to relist the item if it doesn't reach the reserve. The other option is to let the auction expire and sell the miner for $0.22.. that's not happening.

You said that if the auctions ends without reaching reserve, bids are refunded. No-one expects you to sell them below reserve but why are they not relisted as a new auction and users get their bids back to start again they way you said?

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The whole point of a silent reserve is so that users won't know what it is and keep bidding until its reached. It's like the ebay reserve. But it is something like 1% of the retail price on average so def not enough to say its way too high and stop people from bidding on the thing they want.

If it is 1% of retail then that is a selling point, not something that should be hidden. A low reserve that was clearly advertised would be a huge drawcard on that miner.

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Hopefully the confusion will go away as time goes by as more people join and start bidding. I will get more items especially when devcoin funds some items.

The confusion will not just go away Sidhujag, you need to deal with it in some way because it is your enterprise and you want people to put money in it.