Tagged With "system"

Topic

Bidding system vulnerable to sniping

Malkazoid ·
Hello Narrative Team Ebay long ago implemented the ability for people to enter a maximum bid. This has the immense value of allowing people to not lose an auction due to someone bidding $1 higher in the last seconds of the auction. In such an event, if the currently winning bidder had entered a maximum bid higher than the bidding price, the only way to snipe the auction away from her would be to enter a last minute bid higher than her secret maximum. Is there a way for you to implement this...
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Re: Bidding system vulnerable to sniping

Brian Lenz ·
Ah, it could be that we could make that more clear. Yep, you enter your max bid. As long as you are the top bidder, you are free to adjust your max bid, as well, so long as it stays greater than or equal to the current real bid. So you can increase your max bid if you’re willing to go higher if necessary, or you can lower your max bid if it’s higher than you’d be willing to commit to. Hope that helps!
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Re: Bidding system vulnerable to sniping

Malkazoid ·
Fantastic - and thanks for the rapid response! I missed it because the system asks you to enter a bid, not a maximum bid. So if I enter another higher bid, my current bid will remain the same, but my maximum will increase? Thanks!
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Re: Bidding system vulnerable to sniping

Brian Lenz ·
Hi Malcolm, Thats already how the auctions work What’s giving you the opposite impression? Chaucer utilizes a max bid model just like eBay’s...
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Re: Bidding system vulnerable to sniping

Malkazoid ·
It does - thanks! I was kicking myself for not having suggested the feature beforehand: I'm glad you're way ahead of me!
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Re: Bidding system vulnerable to sniping

Gerbino ·
very good to know! Yes definitely worth updating before Chaucer opens up to the wider audience.
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Re: Bidding system vulnerable to sniping

Henderson ·
As we are bidding on niches, what is the value for each NRVE token? Is it the price we paid for them (which may vary depending on when each person purchased)? I apologize if that has already been addressed. I have been trying to read every post in all of the topics but it is possible that I may have missed this answer. Thank you in advance. @Rosemary @Ted
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Re: Bidding system vulnerable to sniping

Rosemary ·
Starting bid is the equivalent of $75 but in NRVE. Since we're not on exchanges yet, we're keeping it pegged at the 1 NEO = 300 NRVE rate. When you're bidding, it will show you that rate on the page, so you don't have to do advanced math yourself on the fly.
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Re: Bidding system vulnerable to sniping

Brian Lenz ·
For anyone curious to read more, the NRVE calculations are explained in the Terms of Service: https://assets.narrative.netwo...rative-alpha-tos.php Specifically: The NEO/USD rate is currently updated once per day at midnight UTC. Hope that helps!
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Re: Bidding system vulnerable to sniping

carlos ·
Quiero saver cul es el precio de narrative
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Re: Bidding system vulnerable to sniping

Hickster747 ·
Just to be clear on the bidding. If a niche is currently at 500 and I input a bid for 600, I will go in as max bidder at 501 and automatically come back at 551 if there is then a counterbid of 550 etc., up to a max of 600? So the only way my bid would go to the full 600 would be if somone has a max of 599 for example? Hope that makes sense..
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Re: Bidding system vulnerable to sniping

Brian Lenz ·
@Hickster747 , yes exactly! Keep in mind that you will only become the max bidder at 501 if the current max bidder has a max bid of 500. You don't have a way to know their max bid until after you've tried to outbid them. This privacy is what prevents the sniping issue original raised (which is not an issue).
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Re: Bidding system vulnerable to sniping

Hickster747 ·
Alot of the countdown timers seem to show the time remaining as a time that's more than 48 hours after the start/first bid time?
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Re: Bidding system vulnerable to sniping

Brian Lenz ·
@Hickster747 , the 48-hour countdown only starts once the first bid is placed.
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Re: Bidding system vulnerable to sniping

Hickster747 ·
Great, thanks Brian.
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Re: Bidding system vulnerable to sniping

Hickster747 ·
No worries, thanks.
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Re: Bidding system vulnerable to sniping

Brian Lenz ·
If you're signed in to the system, times displayed will be display in your local time zone. Guests should seem times in UTC, but it looks like there is a small issue causing them to be displayed in PDT currently, so we're working on getting that flipped over to UTC.
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Re: Bidding system vulnerable to sniping

Hickster747 ·
Thanks Brian. I take it the first bid time shown is in EST?
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Re: Bidding system vulnerable to sniping

Jezhar ·
Sniping is exactly what's happening. Very frustrating to watch an auction and participate to have no time to react at the last second. My strategy was wrong! Time to stay on the sidelines. I guess it's my own fault, I should have bid very high, even though there wasn't any activity for hours before the end.
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Re: Bidding system vulnerable to sniping

Soňa ·
Hi @Rosemary , I have a question. I read somewhere that if you withdraw a bid, you cannot bid on the same niche again. Does that apply only to a current round of bidding or also to the future bidding on that niche? I would be really sad if I withdraw a bid now and would not be able to bid again some time far (or maybe not so far) in the future. Who knows, I may be much more enthusiastic about that niche in the future than I am now. Thanks for your time!
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Re: Bidding system vulnerable to sniping

Malkazoid ·
Hello Jezhar Having a maximum bid system won’t guarantee you win - it just allows you to secretly put your best offer in. If someone beats that best offer, have no regrets since you didn’t want to spend more than you set as your maximum bid anyway? Good luck!
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Re: Bidding system vulnerable to sniping

Rosemary ·
Anyone else remember the old Will & Grace episode when Jack became obsessed with eBay and was furiously bidding for Britney Spears sandals? Sorry, I digress...
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Re: Bidding system vulnerable to sniping

Ricardo Guerra ·
Thanks! This helped a lot! Very clear now!
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Re: Bidding system vulnerable to sniping

Emily Barnett ·
Glad that I remembered that this was here. Now that I am able to bid, I needed to refresh my memory on how the maximum bidding worked.
Topic

Meet the Narrative Team: Systems Engineers

Melanie Mathos ·
Each week, we will be featuring different team members to help you get to know the people who are hard at work on developing Narrative. Our inaugural post focused on our customer advocates . This week’s post features two members of our systems team, @Jeff and @Paulo. Jeffrey Jordan Nickname: Jeff Narrative Start Date: May 25th, 2018. 17 years Linux System Administrator experience. Working On: Keeping everything running and improving the...
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Re: Meet the Narrative Team: Systems Engineers

Emily Barnett ·
Pleased to meet you both @Jeff and @Paulo ! I look forward to seeing your workmanship at launch time.
Topic

Trending Photography appeal

Malkazoid ·
Hello @Brian Lenz Thanks for your vote on this appeal. I just wanted to discuss it with you a little bit because your comment on your vote did not sound like you were taking into account the systemic ramifications for accepting niches as unique because they have 'trending' added to an otherwise pre-existing niche. Your comment was: I of course see the distinction you are making. There is such a thing as a trend in any domain, and it is distinct from timeless or classical...
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Re: Trending Photography appeal

Brian Lenz ·
Hi @Malkazoid , First and foremost, Merry Christmas! I totally understand where you're coming from. If the niche was "Trending Photographs" then I would agree it's problematic. As named, Photography Trends doesn't have the same connotation in my mind. I do realize that the description mentions "Trending photos" which I think is sub-optimally described, but not inherently flawed to warrant rejection. I see very little risk of someone posting pictures of their cat to the Photography Trends...
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Re: Trending Photography appeal

Erik Blair ·
I think the problem is one of succinctness, scarcity, and potency. If we allow endless variations of 'main topic' niches, then anyone could create 5 niches that were similar using the main topic niche and various qualifiers as prefixes, suffixes, and subtopics (ie. Oakland Trends, Oakland Now, Oakland Tomorrow, Today's Oakland, Our Oakland). Domain names are a reckless example of this. I understand having 'enough' or the 'more the merrier' niches create a higher revenue model and broadens...
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Re: Trending Photography appeal

Malkazoid ·
Hi @Brian Lenz ! Indeed, Merry Xmas - almost the end of Boxing Day now - to you and yours! It has been a very relaxed one here! Your post does help me understand how you reached your conclusion, thank you. My concerns remain, and I think your post acknowledges where the rub is, without, I think, realizing the importance of it: So there are two problems that compound each other. Photography is already widely synonymous for photos in people's minds Even without the description, many, and...
Topic

General Thoughts and critique on Narrative

Peter Wagner ·
After a few days I got a some feelings I want to share about narrative. Maybe some of you can tell me something comforting or explain some stuff to me, since I am very new to all of that. First of all: I don't like the bidding system. It is not transparent. Who bids for what? How do prices emerge? Who gets the money? And for what does someone get the money? Next thing: I don't like is the NRVE oder creditcard payment system. In order to get NRVE (the way narrative.org suggests) you pay fees...
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Re: General Thoughts and critique on Narrative

Jayme Soulati ·
I just want to acknowledge your concerns, comments and time to share them because many of the points you make are ditto for me, although I already own a handful of niches to get in early. I cannot comment or clarify your points as I'm new, too, but I'm eager to hear from @Malkazoid and @David Dreezer who seem to have the major pulse of this platform and community. So, thanks for putting it all out there to open discussion. My experience with buying NRVE failed due to a bank issue and a...
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Re: General Thoughts and critique on Narrative

Gord ·
Welcome @peter.wagner! Have you read the Specs ? A lot of your questions are answered there.
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Re: General Thoughts and critique on Narrative

Rosemary ·
First, thank you for such an in-depth and considered set of questions/critiques! Every new person who joins the community brings a new perspective, and that's so valuable to us as we build this platform. I think @Malkazoid knocked it out of the park in terms of his responses (I think I would have said almost the same thing, and I'm so appreciative of his knowledge and support). Since we're building a platform that is self-governed, it's especially important for the community to discuss these...
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Re: General Thoughts and critique on Narrative

Jayme Soulati ·
So, @Peter Wagner , I'm hoping after the immediate and thorough responses you've received from the Founders and leaders that you're feeling more at ease to jump in with us? (I'm merely a member.) I am in awe of the time @Malkazoid spends commenting on these threads with such ease, information, and clarity. It gives me great comfort and excitement knowing that I'm on the ground floor of something new with such a team leading the way and giving the entire community an opportunity to be heard...
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Re: General Thoughts and critique on Narrative

Malkazoid ·
Thanks @Jayme Soulati and @Rosemary ! I'll be redundant in this role once Narrative gains more momentum and its paradigm becomes more familiar to all. Looking forward to that! In the meantime, I'm happy to help in anyway I can.
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Re: General Thoughts and critique on Narrative

Peter Wagner ·
@Jayme Soulati Yes I am usually lazy and lose interest when things on the internet seem absurd. But this time I was so intrigued by the general idea that I just had to. And from computer games I learned that as much feedback as possible is the only helpful thing to the creators in the Alpha + the community that is maybe too polite not to ask or talk about their feelings. Across the internet you often stumble across this "rant" posts that turn out to be most helpful because the creators can...
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Re: General Thoughts and critique on Narrative

Peter Wagner ·
@Jayme Soulati Yes I feel so much better now. Thank you. I can just agree on what @Rosemary said: @Malkazoid you have such a good way of explaining and creating an atmosphere of trust. Thank you very much for putting all this time and effort! Also thanks to anyone else who contributed. You got this one . Have a productive week!
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Re: General Thoughts and critique on Narrative

Jayme Soulati ·
Thank you @Peter Wagner for raising such important concerns. Because you stuck your neck out, I learned tremendously from the responses. As a new member, it's easier to take a back seat, and you did not. Says a lot about you, and I, in particular, learned H.U.G.E.
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Re: General Thoughts and critique on Narrative

Jayme Soulati ·
See? I learned AGAIN/MORE from you, @Peter Wagner . <3
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Re: General Thoughts and critique on Narrative

Malkazoid ·
Thanks for the candid observations and commentary, Peter. I am not staff, but I can help address some of your questions. You can see who bids on auctions. The following auction page is an example: currently there is one bid, and the person who made it is visible: https://alpha.narrative.org/hq...on/11309083445700505 Prices (starting bids) are based on 75 USD - whatever the USD to NRVE rate is when the auction starts determines the cost of the first bid in NRVE. I've made the suggestion that...
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Re: General Thoughts and critique on Narrative

Robert Nicholson ·
@Malkazoid - a 15% "service fee" to use a credit card is ridiculous. This is not a matter of "passing on bank fees," which are typically 3-5%
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Re: General Thoughts and critique on Narrative

Emily Barnett ·
The service fee is your choice if you don't want to deal in cryptocurrency. That is a wonderful option that opens the doors up for people whom are not in the crypto community, or choose not to learn how to navigate the crypto economy. This is very fair--a and cannot be compared to a 3-5% bank fee, since other decentralized, crypto tokenized platforms don't even offer a fiat payment option. Learning how to operate in crypto can save you this fee. Many of us have done this and I am sure there...
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Re: General Thoughts and critique on Narrative

Malkazoid ·
I don't disagree that it is high, but it seems to be standard across many such service providers of online credit card processing. Have a look around at various exchanges that allow payment via credit card. I'm no expert though. It is possible that we're also paying a little for the overhead of what Narrative has to do behind the scenes, when we purchase with USD. They have to purchase NRVE with those funds.
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Re: General Thoughts and critique on Narrative

Emily Barnett ·
Well @Robert Nicholson , good thing you are not the only person on this platform with an opinion! A great many people here, I would even venture to say the majority of (at least the early adopters of Narrative), are amongst the 5-8% crypto-users, and many understand the necessity of tokenizing the platform. But to each their own. Your choice of words, seems to imply a tone of premature bitterness, for someone only in this community for 7 days, especially with your reference to your fellow...
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Re: General Thoughts and critique on Narrative

Christina Gleason ·
I'm not exactly FOND of the 15% convenience fee for the fiat option, but in my amateur attempts to learn about trading crypto, I could just as easily lose more than 15% making poor crypto exchange decision because I can't wrap my brain around how trading works. For people like me who are pretty clueless about crypto, a 15% fee is less risky than figuring out when to buy ETH or BTC to exchange for NRVE, and WHEN to exchange those base currencies for NRVE. Would I rather it be a 5-10% fee...
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Re: General Thoughts and critique on Narrative

Gord ·
What do you propose would be better?
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Re: General Thoughts and critique on Narrative

Robert Nicholson ·
I have used cryptocurrencies. That makes me one of the 5-8% of Americans who have. Narrative has created an unnecessary barrier to adoption. The use of a cryptocurrency provides no benefit to me as a user, and it's ridiculous to charge a fee that far exceeds actually costs to a user who chooses not to drink the kool-aid.
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Re: General Thoughts and critique on Narrative

Robert Nicholson ·
So why is the use of cryptocurrencies important to a social platform? Because as I see it, if you took that entirely out of the equation, it would not change the basic value proposition of the site. When you are building a business that you want to be broadly adopted, you focus on doing one or two things really well. You don't throw in extraneous things that will get in the way of adoption. Now, let's talk about the revenue sharing. That seems to be the core value proposition of Narrative.
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Re: General Thoughts and critique on Narrative

Emily Barnett ·
@Robert Nicholson Not everybody is you. Many people are making content right now on other platforms and getting nothing. Posting their content here in conjunction with their youtube channels, their instagram pages, their blogs, doesn't hurt anything does it? True some will make very little here, others will do well. It is a speculation of time for some, money for others, and still some others both. There are already other models in the crypto social platform in existence, albeit somewhat...
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