Tagged With "auction"

Suggestion

I would like to withdraw a bid on a niche, the auction is still under way

Malkazoid ·
Is this possible? It would help everyone involved because someone else bid before me, so the niche would still sell...
Question

question about niche prices

Gosia Rokicka ·
Hello, I won 2 auctions yesterday and when I proceeded to payment I realized they were much more expensive than I expected! I don't think I understood the whole NRVE/fiat thing. Basically, I want to pay with PayPal as I don't want to go into crypto now. Previously I read that each niche starts at 75 USD and the NRVE price depends on the currency rate on that day. That makes sense. Because I always wanted to pay with USD, I didn't pay much attention to the NRVE price. Of course, the nature of...
Conversation

Well. I'm not allowed to participate for 12 hours because I couldn't afford to pay twice the fiat price for the niche auction I won.

Christina Gleason ·
I could have paid $86.25 for the niche that I won in an uncontested auction. But the price of NRVE skyrocketed before the auction even ended, and it never dropped below $100 fiat. So now I'm CONDUCT NEGATIVE. Just thought y'all should know what happens, since it didn't really affect any of us active members in the alpha period to any serious extent: Your Conduct Status is negative . The negative action that impacted your Conduct Status was: Failure To Pay For A Niche. What does this mean?
Issue

Niche Auction Notifications

Garden Gnome Publications ·
I lost out on possible niche ownership because I never received notification the auction had started. I was following the niche and got a notification the auction was ending in one hour. When I saw it, it was too late. Auction was over. So ... either your notifications system has a glitch and some notifications aren't being sent or you don't have it programmed to notify niche followers that an auction is starting.
Suggestion

Niches without owners

Debbie Meier ·
My apologies if this issue has already been raised or being worked on... But here is my input: As of now, there are nearly 2500 niches up for auction. And this amount will no doubt increase over time. I've noticed a number of niches I would have liked to use as tags that still haven't been purchased and so cannot be used as tags. So, on one hand, it would be nice to see these niches being purchased, but on the other hand, having too many available niches on Narrative might lead to reducing...
Suggestion

Niche auction process not clear in specs

Vico Biscotti ·
It took me a while, and the help of other owners to understand how the "minimum increment" and "max bid" works. I think this part should be clearer in the specs.
Suggestion

Lets allow split payments to buy niches

Drixx Madison ·
( As mentioned in my post earlier today ) I often fall 1-2k short of buying a new niche. If a niche auction costs 14k and I have 13k in rewards on the platform or in my Neon wallet, it would be super cool to be able to transfer it over and buy the last 1k with my debit card. It's hard for me to justify spending $75 out of the blue as a starving creative, but I can certainly swing $5.39+processing (which would be the actual amount for 1k Nrve today). The auction gives you 3 days to pay...
Issue

Reputation Blow Due to Narrative's Change of Policy

Nuno Moreiras ·
Dear Team, Following my post " Why We Need Niche Edit Requests to Niches in Auctions ", I would like to request that the reputation lost due to the rejection of the "The Narrative Members Yellow Book" be restored to my account, since there is no way for the community to foresee changes in the AUP and company policy with less than a month notice. Also it would be nice if "The Narrative Members Yellow Book" status would be changed to Approved or at least deleted so that it could be submitted...
Reply

Re: question about niche prices

Malkazoid ·
You raise an interesting issue. I think that what happens in these instances is that since the time the auction started, the value of NRVE went up significantly. Now that it is time to pay, the system they are using wants you either to pay the NRVE, or pay the USD equivalent of that NRVE. At the time the auction started, that NRVE was worth $75 USD, but now it is worth roughly double... people are buying NRVE because we're about to launch Beta. I don't know that there is a happy end to this...
Reply

Re: question about niche prices

Emily Barnett ·
I agree @Malkazoid this is an interesting dilemma. Given that the @Narrative platform gives themselves a 2 week window to exchange fiat to Nrve and vice versa on payouts, according to the white paper, which would serve to give them a window to optimize the best price for exchanging, it seems only fair that the price should be frozen at the moment of bidding on the auction, for people paying with fiat. Thanks for bringing this glitch up @Gosia Rokicka . Many of us buy Nrve when it is low, and...
Reply

Re: question about niche prices

Malkazoid ·
Good point @Emily Barnett , regarding the window to buy NRVE giving the team a chance to optimise things... The situation may still be tricky for the team if the platform executes the way we all want it too. That would mean a fairly steady rise in the value of NRVE on average, meaning waiting to buy NRVE would generally only make the situation worse. That said - the company isn't losing a penny - this is money destined for the Network Rewards pool. And the Network Rewards pool isn't losing...
Reply

Re: question about niche prices

Emily Barnett ·
I would honor it too, because it feels like the ethical thing to do, and also because it is the inclusive thing to do, if attracting non-crypto community members is a legitimate concern.
Reply

Re: question about niche prices

Malkazoid ·
^^^ Yes, and @Gosia Rokicka certainly qualifies as someone it would be terrible to lose as a niche owner. I think she was wanting to buy the Haiku niche. I can't do this for every time this situation pops up - in fact I can pretty much promise this is the only time I'll make this kind of offer - but @Gosia Rokicka , if the team can't resolve the situation for you, I'll cover the extra cost for you if we can figure out how I can pay with NRVE for your niche. To do this, I think I can just...
Reply

Re: question about niche prices

Christina Gleason ·
I had this issue with one of my auctions recently. I kept reloading my invoice page for days to see if I could find myself a better fiat value before time ran out to pay. There was one point where the fiat price for a niche I had no competition in bidding would have been $175 via PayPal...more than twice the $86.25 I was expecting! I ended up paying something like $110, which still sucked, but it was nothing like the price I'd seen for several days. It's a problem. I try to time my bids now...
Reply

Re: question about niche prices

Gord ·
Yeah I've cost myself a pretty penny or two by purchasing at inopportune times. On the other hand, lamboing to the moon isn't always a bad thing
Reply

Re: question about niche prices

Emily Barnett ·
Nrve -- buy low. HODL longtime.
Reply

Re: question about niche prices

Gosia Rokicka ·
Thank you very much, @Malkazoid , for your kind offer!! I don't know what to say. I'd be very happy to accept your offer but I'll try to reach out to @Narrative Network Team first. And yes, your help with the Haiku niche would be very much appreciated as this is the one I wanted the most. Although, in all honesty, I'm not sure if the Team can do anything about it now for a couple of reasons. 1/ It would be unfair to other niche owners like @Christina Gleason who already coughed up higher...
Reply

Re: question about niche prices

Malkazoid ·
I think that's ok. A few people having suffered something unfair is not a reason for people to continue suffering it! That's a good point - although to be fair, it can also go the other way at times, when paying with NRVE turns out to be the cheaper option, especially because there is a 15% surcharge to pay with Paypal. And at the end of the day, it is ok if everyone pays with Paypal. The team still turns around and buys NRVE with the funds... As you know from the ad nauseam part, I agree...
Reply

Re: question about niche prices

Christina Gleason ·
I'm not maxed out on my niches, so I'd like this to be addressed for future purchases!
Reply

Re: question about niche prices

Colleen Ryer ·
Seems to me if the niche price is set at $75, then this amount is simply converted to the current equivalent in NRVE, no matter what this happens to be at purchase time. If the NRVE value is increasing, then it just comes out to fewer tokens for the purchase price. There's something backwards here, and I'm really wondering where @Narrative team is on this issue.
Reply

Re: question about niche prices

Emily Barnett ·
I am sure someone will weigh in as soon as the launch happens. It has to be crazy busy there today.
Reply

Re: question about niche prices

Banter ·
I think it is important that all transactions on the system use NRVE as the primary currency, after all, that is token we are trying to promote. I think the $75 USD min Niche price wording should probably be changed. We need to communicate clearly to the user that the initial opening bid NRVE price is based on the $75 exchange price to buy that much NRVE. The user needs to be made very aware that if they are planning on paying in fiat, not only is there the extra 15% fee, but that the...
Reply

Re: question about niche prices

Colleen Ryer ·
This a brand new platform that seems to bill content and community as core to the reward system. In order for either to thrive, there have to be venues for quality content. Are even a quarter of the available niches active? How many people were turned off at the idea of even $75 for a niche in an untested beta level start-up? Sure, have an auction if there's more than one person interested in a particular niche, but keep the price set as advertised - other wise great content will have no...
Reply

Re: question about niche prices

Malkazoid ·
I don't see any conflict here - everything internal to Narrative is NRVE. The whole idea about allowing fiat payment is to allow the vast majority of people who don't care about crypto yet, to not have to deal with it. But surely that's a level of complexity the average social network user isn't expecting to have to deal with? We'll fail being accessible to the mainstream if we have to explain that sort of thing. The $75 USD price tag, though too high, is at least straight forward and...
Reply

Re: question about niche prices

Emily Barnett ·
I agree in parts with both of you @Banter and @Malkazoid . I feel this is an unfair glitch that serves the Narrative rewards pool when it is convenient for the platform, and forgoes the goodwill at convenience as well. At this point, I probably think it is just a glitch and not an intentional position to get more money from fiat payers. Hopefully it will be rectified as soon as the team launches beta. But if this is not a glitch, and the team knows that this is how the platform works. Then...
Reply

Re: question about niche prices

Malkazoid ·
Most people will choose not to learn the ins and outs of crypto, whether you warn them or not. This is undeniable: most people either don't care about crypto, or worse: distrust it. The platform that will become mainstream, and make crypto mainstream in the process, is one that doesn't force people to buy crypto (or pay the penalty sometimes of paying multiple times the original price more for an already expensive niche fee). I think you are underestimating how massive a turn off that is...
Reply

Re: question about niche prices

Christina Gleason ·
This. When I placed my bid on Smart Property, the opening bid in NRVE was equivalent to $86.25. The auction ended within the last 24 hours, and the current fiat price of $111.72 is the lowest I've seen since I could access the invoice. (It WAS higher at the time the auction ended, because I checked immediately.) I've been thinking about trying to pay in NRVE, but Coinbase was telling me it was going to take two weeks to be able to move any ETH I bought there to my personal wallet and then to...
Reply

Re: question about niche prices

Christina Gleason ·
And the price has gone up $10 in the last 10 minutes.
Reply

Re: question about niche prices

Emily Barnett ·
????? @Malkazoid there is nothing to be combative about. 1. the team is busy. We don't even know if this is intentional or not. Personally I think it is an oversight, as I have stated three times. They lock in the NRVE price at the time of bidding. I think this can easily be coded in, to lock in the price in fiat as well. I just think they forgot to do that. -- In theory, the price of NRVE could go up to 10cents tomorrow, do you honestly think the team will be building a platform that for...
Reply

Re: question about niche prices

Emily Barnett ·
the price will jump. Pre ICO we all bought the token at .33 cents -- it fell off a cliff after alpha launched, mainly do to the dramatic drop in crypto in general. but also because working product became increasingly important around that time. Now that Narrative is launching, there will be a lot of speculation again. We may or may not see a one penny token again. Or maybe we will. I would wait to pay for niches until the team has time to address this thread. Or @Gosia Rokicka perhaps you...
Reply

Re: question about niche prices

Christina Gleason ·
This type of price jump just wasn't happening when I bought my first niches, so this was a big shock. And by the time I knew what was happening, it was too late to even buy the crypto to exchange because of the ridiculous amount of time Coinbase won't let you move the currency you've already paid good money for. And I'm not a new member here, I have a lot invested here already, so I will have to figure this one out. But other people are just going to jump ship if the same thing happens to...
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Re: question about niche prices

Emily Barnett ·
I get that. The movement has been stagnant, that is why i think it has gone this long to figure out the problem. It is good that @Gosia Rokicka posted it today, because the problem can get alot worse. when we were declining in price the fiat option was probably was a big happy surprise that it wasn't properly pegged and people were probably paying less than...sadly also not good for Narrative. Thankfully there is a time for the process to take place before new members have to bid and pay for...
Reply

Re: question about niche prices

Malkazoid ·
Combative?
Reply

Re: question about niche prices

Banter ·
So here is an idea..... When the first bid is logged for an auction, the NRVE and USD rate is locked for that auction....so the user knows from that point forward, whatever their bid cost in USD or nrve, that is all that they will have to pay. The only way for this to work without the user or Narrative potentially getting soaked while buying NRVE on the open market at the time of purchase is for Narrative to have a store house, if you will, of NRVE tokens to cover all of the Niche auctions...
Reply

Re: question about niche prices

Emily Barnett ·
Yes, combative. telling me that i am underestimating the situation because I am not 100% in agreement with an approach seems argumentative. We don't even know if this is a major issue, or a simple oversight. And although I want to see mass adoption happen, I also respect that this is first and foremost a crypto platform. @Banter is right in suggesting that. Obviously we all have money invested here and want to see a return, there for we want to see growth. But using the token IS the smartest...
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Re: question about niche prices

Emily Barnett ·
Personally, I think that is what they meant to do. That's why i keep sticking to I think this is an oversight, that just hasn't reared its head until now. I cannot see them wanting to do this intentionally. It just doesn't make sense as a business practice. Ok. I am out on the thread. Gotta focus on finishing a post. @Gosia Rokicka I too may be able to help you out by loaning you tokens for one niche. You could pay me back with earned tokens when you get them. But i see a challenge in that...
Reply

Re: question about niche prices

Malkazoid ·
Ok, no worries. Next time, if I think you are underestimating something, I won't say anything, lest you feel I'm being combative. We won't be able to have meaningful exchanges if that's your idea of fighting words, but that's ok too.
Reply

Re: question about niche prices

Malkazoid ·
I think this makes sense - although I'm hoping the volatility will not be a problem too far into the future. For now, just letting people pay $75 + 15% on niches could be a temporary policy... the NRVE goes into the Rewards Pool, and you can't really consider there to be a loss if the amount of NRVE purchased with the fiat is lower than what the auction reached... While the value of NRVE is climbing on average, the value of the Rewards Pool will be too, overall... You're right, it isn't a...
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Re: question about niche prices

Emily Barnett ·
there is nothing here to argue about. Banter had a good point and so did you.I pointed that out, and you accused me of underestimating the situation. That seemed like overkill, and so does your heavily sarcastic last point. I am free to disagree (or agree for that matter), without being told I don't understand the situation. This is the second time you have said that to me, and frankly I don't find that to be meaningful conversation at all. I find it very condescending. so yes, please do...
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Re: question about niche prices

Malkazoid ·
About holding a store - I'm not sure the store would need to be equal to 100% of NRVE in play in current auctions. The only scenario in which that would be necessary is if the currency crashed to zero or flew up insanely...
Reply

Re: question about niche prices

Malkazoid ·
It wasn't sarcasm. Online written medium is notoriously difficult to read as to intent, because we're not seeing each other's faces, mannerisms, etc. I'm genuinely surprised at your reaction to me telling you how I see things, in response to a quoted portion of your words. Lets just avoid each other if we are prone to reading hostility in innocent exchanges. Deal?
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Re: question about niche prices

Emily Barnett ·
And I was genuinely surprised, that you think I don't understand a situation as basic as this. I stated all through this thread my clear comprehension of the issue, and even provided insights you hadn't considered. Of course i understand the mass turn off @Malkazoid please don't insult my intelligence! I am pretty confident the "glitch" as I have called it all through the thread will get fixed. and if it doesn't get fixed...then offer messaging that this is a crypto platform and that...
Reply

Re: question about niche prices

Malkazoid ·
The intent was not to insult your intelligence. I'm seeing a pattern here. You say I'm combative. I say I'm just relaying my impressions, with no combative language. You say I'm sarcastic. I say I'm genuinely surprised. You say I'm insulting your intelligence. I say that was not my intent, after giving you a hint that intent can easily be misjudged in this sort of situation. Three instances of you wanting to take offence is enough for me to give up - sorry. If I was wrong about you...
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Re: question about niche prices

Ledeir ·
Wow... That's... Yuck. If I were the devs, I'd completely rework the auction system on realizing this. An auction doesn't work with fluctuating numbers, the bid keeps increasing. They need to remove the market fluctuations from the equation (or verify that people have enough NRVE at the time of bidding to purchase it). Even if the transactions occur in NRVE, the auctions should be tracked in US$. This way they don't need to worry about people failing to pay because the market changes. It...
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Re: question about niche prices

Bart ·
@Banter brings up some very thoughtful perspectives on on Nrve and Fiat, and if this is the way the @Narrative team is going, then his suggestion of providing some transparency seems very beneficial. I agree with @Emily Barnett this seems more like a "glitch" (her word) than anything, and I have faith in the team to quickly correct this. Generally speaking, I agree with Emily throughout this thread, and I don't believe from what I read, that she is underestimating anything, as you have...
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Re: question about niche prices

New Social Media ·
Well, this is really a problem for old niches. However, if you plan to suggest and buy a new niche, you can assess the future NRVE price and then decide. If you think that NRVE will rise, then you can secure a lower price for your niche. Otherwise you can just wait until the price drops. However, I would not expect that. Narrative is really a very rare opportunity in my opinion, extremely low marketcap and an existing product and a strong community. The community consisting of so many...
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Re: question about niche prices

New Social Media ·
And you other guys, could you please stop your squabbling for a day or two? Today we want to celebrate and be good friends.
Reply

Re: question about niche prices

Malkazoid ·
Agreed - I was hoping this would end yesterday evening...
Reply

Re: question about niche prices

Malkazoid ·
Hello Bart, @New Social Media is right, this is a big day that shouldn't be about any of this. I'll just let you know that given your relationship to Emily, your injection here is very understandable to me, though possibly not the most objective. And that's really ok. Just keep in mind that thinking someone is underestimating something isn't really a personal comment, since it is focused on the issue being potentially underestimated. Saying someone is being combative for saying so, and...
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Re: question about niche prices

Colleen Ryer ·
Hi @Ledeir , I'm hoping that the situation with recent niche purchasers is due to glitch, and you'll get a niche of your own. I'm out of bandwidth til Saturday so couldn't go searching for information on buying niches. Thanks for posting the auction rules. I see there's a set fiat minimum that doesn't change no matter how low the exchange value of the token falls. But I have never seen a that there's a set NRVE price for a niche. If there isn't a set NRVE price, then I can't see how the...
 
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