Post
Topic
Board Announcements (Altcoins)
Re: [DVC]DevCoin - Official Thread - Moderated
by
melodiem
on 28/05/2014, 22:13:08 UTC
That auction has been running for a few weeks I set it to expire end of month.. nothing has changed. I posted that when there was 6 or 7 days left in auction. Time needs to goto 0 before you are the winner.

I never restarted the $10 gift card after the reserve was met.. theres no reason to do that. I restarted ones that expired with little or no bids.

I WATCHED the timer reset TWICE! No-where on that auction does it say it ends at the "end of the month" Why does it have a timer for 70 hours if its going for a month? I thought at first maybe I had it wrong so I went back to the site 69 hours later and it reset for the second time IN FRONT OF MY EYES Sidhujag. I have no reason to lie? I wanted to run a story on the first auction winner (whoever it was) for heaven sake!

Also, I have tried to understand your explanation to HunterBunters question but you have not explained the payment system at all. This is the situation from a user perspective.

That card retails for $10
I bought 20 bids for $24.95 ( I will round it down to $1 per bid for this excersize)
Each bid increases the "auction" by 0.01
The reserve was 0.14 ($14)
The current price after Papacrusher bid is 0.25 ($25)
For a $10 Amazon card?

From what you have explained, we have to pay for the card at the end of the auction and this is when it gets very, very confusing.

1) What happens to that $25.00 worth of bids placed on this auction after its ended?
2) How much is the final price the winner will pay and how do users work that out?