Original bidder should have an advantage
closed
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Stephen Banks
To encourage originality, the original TLD bidder who discovered the name first should have an advantage. Perhaps a 25% extra cost for any subsequent bidders so it is harder to snipe and steal. Currently, the original TLD finder is at the biggest disadvantage, which is unfair. Would be good to suggest to the Handshake devs if it can't be implemented on Namebase directly.
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Samir Cassoo
I agree. It would also be good if the initial bidder or Creator gets time to respond before the reveal phase
Johnny Wu
Merged in a post:
Historical owners reward to speed up domain adoption
Emiel Westerhof
I have a suggestion which maybe can added to Handshake. If someone opens a new domainname by making the first bid it would be extra nice if they get a % when the domain gets sold P2P in a later stage. For example 5% goes to old owners. If they get approx. 2,5%, 2% and 0,5% it will make opening AND selling domains a big thing and will speed up adoption.
Johnny Wu
closed
MrPhintastic
Just my 2 cents from someone who has started and sniped a LOT of names. I use the same strategy every time and have won a large percentage of the auctions I bid in.
If I start an auction I place a true bid of 0 and a blind of 0.4 (the lowest amount allowed on Namebase). This way the auction is in my auctions on my dashboard. Then when the auction is nearing its end I look to see what other bids have come in and then bid accordingly. For me, I try to wait until there are approx 2 blocks left (approx. 20 minutes) to bid my real amount so I can see the most bids possible.
If I see a domain that has already been started but has a day or more left, I bid a true bid of 0 and a blind of 0.4. For the same reason as to when I start an auction.
If I am snipping domains I am usually looking in the ending soon auctions and waiting until the last 1 or 2 blocks so I only bid my true amount.
I do understand your perspective in that if you bid your full true amount as the auction opener then you are at a big disadvantage since everyone else can bid according to your original amount. However, if you open the auction with a small bid, you can wait until closer to the end of the auction and bid your full amount with more information and bidding activity.
Maybe the first bid could be "hidden" until someone else places a bid or for a certain amount of time or even until after the auction closes. This would give the auction opener some advantage in the beginning. Just a thought.
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gtathns
MrPhintastic: Does your bid go through at such short remaining time? I did try same approach and it failed almost all the times. I have found it can take upto 4 to 6 hours for our bid to get through in any auction. Please let me if I'm wrong.
MrPhintastic
gtathns: If I place a bid with two blocks remaining (approx 20 mins) my bids go through almost 100% of the time. If I wait until the last block (approx 10 mins) it is closer to 80% of my bids go through. I will then get an hour or so later saying my bid was placed. There are times that more of my bids don't make it through but for the most part its about 80% or more that make it through.
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Stephen Banks
MrPhintastic: I always do this too, small bid to start then trying to win the bidding war like anyone else, but there could be some advantage for the original bidder and their subsequent bids. I like your idea of the original bid being hidden too, also good.
Tom Barrett
this would encourage shill bidding.