Tagged With "bidding"

Topic

How will the Niche auction work?

mrgoodsett ·
Will it be like an Ebay auction? Will the minimum bid for all Niches be $75? How long after suggesting a Niche will that Niche be ready to bid on? Will there be one large pool of Niches to start or will Niches constantly be rolled out? What will be the time limits for the auctions, 1 day, 2 days, etc?
Topic

Bid withdrawal problem

Malkazoid ·
Hello @Narrative Network Team, I placed a bid on a niche that was subsequently won by someone else. However no bid slot has been released, so this is constraining my ability to bid elsewhere. I can understand perhaps the rationale is that the winner may default on payment, so the losing bids may become important in the future? But there should still be a button to remove one's bid from a niche, once it has been won by someone else. I don't see that button. This is particularly important...
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...
Topic

what happens after bidding on niches ends

Tpulas ·
What happens if not that many people buy the niches? I'd like to see a lot of content I hope it does not end up with me posting everything. I would recommend you all bid on them because you may not want that outcome lol .
Topic

Do I Need to Reserve Some of My Tokens?

ericnovak ·
Hey guys, today I'll be bidding on and hopefully winning a niche or two. I technically have enough NRVE to grab a few Niches, but I'm wondering if I need to reserve some NRVE for anything else on the platform. For example, maybe it costs 100 NRVE to appoint a moderator or 25 NRVE to make a post, I don't know haha. Most likely, I'll just end up getting one Niche anyhow, but in the best case, what if I spend all my NRVE on a few Niches?
Topic

Bots bidding for users in niches

Ricardo Guerra ·
I have encountered similar experiences as if bots are bidding on the platform. Why is this being allowed? Has anyone experienced the same? After posting a bid on certain niches, less than a second (real time) later I am constantly being outbid by the same user. Seems unrealistic to be done by humans. Seems like is a bot is bidding for them and in a decentralized platform, this should not be happening. I would love to hear everyone's comments. Thanks!
Topic

How long will the Niche bidding continue for

Harj ·
I undestand that the Alpha will start on the 29th March, I think the first 48hrs or 2weeks will be founders chance then open to all who participated in ICO. How long will the process continue for a month or as there is a lot to cover would be good if it was open all the time up to the launch of the platform. Giving plenty of time for keywords to be created. Would like to know more about the moderation part also how will that be done in the alpha ? Thank you Harj
Topic

Niche Minimum Bid

b1tbyb1t ·
Sorry if the answer to my question is published somewhere and that my tardy self just haven't come across it yet but how is the Minimum Bid price of a niche determined? I check prices now and then and I can't seem to see any correlation with niche importance (whether it's a main or a sub topic) or how long it's been available or the status of the person who suggested it or its ballot box score. Is there an algo that sets the price or is it determined by a team member?
Topic

Opening bids on niches just went from 1250 to 7500 NRVE?!!

Maelstrohm Black ·
Greetings, I just purchased a bunch of NRVE with the intent to bid on two niches I suggested as soon as they become available for auction, but I just noticed the opening bids on most niches already available just skyrocketted to 7500 NRVE! What gives?!!
Topic

Niche auctions outbid

Buttoni ·
When i try to bid on something i get instantly outbidded... Is there some kind of bid bot going on or is there a way to setup automatic bid ?
Topic

Buy some niches, y'all! What unowned niches do you have content for?

Christina Gleason ·
I'm drafting content that has no home because no one owns the niches yet! I'm going to bid on a few over the next month, but with a five-niche limit, I can't buy all the niches I want to post content in! I figure this post could be a good place for potential owners to see where they can have content ready to publish on Day One so they know a given niche is not a lost cause. My next post in this thread will link to the niches I already have content ready for.
Topic

How can I pay for my niche if my ETH/NRVE order only gets partially filled?

Gaia Glee ·
I'm brand new to crypto and followed all of the directions to purchase ETH on Coinbase, which I then sent to my LATOKEN wallet in order to buy NRVE with it. I had no idea that it was not a simple purchase transaction, but that I'm... bidding on NRVE? I have an order that was only partially filled and I have no idea if the order remains open and can be filled completely. What's a girl to do when my money got tied up in a transaction that I thought was a simple sale turned out not to be? The...
Question

Stop all bidding until better controls are inplace

Bashar Abdullah ·
Following recent events, and seeing as everyone agrees bidding is being overtaken now by fake accounts with sabotage motives, and as it's clearly pushing away most legit bidders who care about the platform, or ending having them pay a much higher price, and as it's understandable going to take time until Narrative team can implement proper solution, I hereby call for Narrative to put halt on all bidding until a proper solution is in place. It's Beta anyways, and the goal is to test things.
Reply

Re: How long will the Niche bidding continue for

Rosemary ·
Hi Harj! We haven't announced how long the alpha will go on, and that will depend on whether we need to make any adjustments based on real-world testing. We definitely want to allow plenty of time to get lots of Niches to be created. The alpha won't require moderation, since there won't be any content yet...remember Chaucer is just about suggesting, voting on, and purchasing Niches for now.
Reply

Re: How long will the Niche bidding continue for

Ted ·
The alpha will likely continue (and be enhanced over time) until we roll out the official service. That said, there may be periods where we take the service down temporarily for updates, etc. as is normal in pre-beta and beta services. The general idea though is to allow creation of niches continuously all of the way through the launch of the full platform.
Reply

Re: How long will the Niche bidding continue for

Harj ·
Thank you Ted and Rose for your replies, Im happy to make many suggestions of Niches and dont mind others getting them but you mentioned we woud get reputation enhancement could you eleborate on that ? and my other concern is if all my best niches get taken by higher bidders as I have only 3330 NRVE and out bid every time. : ( then can I still bid on a 6th even if im out bid again by others ? I would be very disapointed if I make a unique contribution into niches which no one else has...
Suggestion

Reduce minimum niche price for niches that aren't selling

Malkazoid ·
If you want to support this post effort and engage in discussion on the platform, you can upvote and/or comment here . Reviving an idea I think I first saw voiced by @Garden Gnome Publications: fire sales for less popular niches. a) $75 minimum price tag kills subjects which will not be hugely popular b) $75 minimum price tag excludes some people from niche ownership, who would otherwise purchase less popular niches c) excluding less popular subjects can have a very big negative impact on...
Topic

Intrinsic Volatility of Niche pricing

shadowrifty ·
I bid on a niche yesterday and was perusing around thinking if it would be a good idea to bid on one again today. I noticed that the price for an initial bid went up. I checked the NRVE rate and saw the price to USD had fallen almost 50%. Then I was reminded that the starting bid was set to be around 75$ USD. I find this platform fascinating from an economics perspective, and this got my mind wandering. There is an intrinsic volatility in Niche prices because of to factors. 1. due to the...
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...
Reply

Re: Buy some niches, y'all! What unowned niches do you have content for?

Christina Gleason ·
If you buy these, I have content ready to go: https://alpha.narrative.org/n/fibromyalgia https://alpha.narrative.org/n/me-cfs https://alpha.narrative.org/n/...-and-chronic-illness https://alpha.narrative.org/n/...c-discomfort-support https://alpha.narrative.org/n/chronic-health https://alpha.narrative.org/n/special-needs-parenting https://alpha.narrative.org/n/...files-by-jim-butcher https://alpha.narrative.org/n/...fiber-neuropathy-sfn https://alpha.narrative.org/n/urban-fantasy-genre...
Reply

Re: Buy some niches, y'all! What unowned niches do you have content for?

Emily Barnett ·
Yes. I was about to bring this up myself. Actually please correct me if I misunderstood @Ted didn't we have this discussion about being able to post to unowned niches as long as there is a moderator in place. I thought this was agreed upon. Like @Christina Gleason I have content ready to go, but I cannot bring up the niche because it is only up for auction. Is this a glitch that needs to be put in place still?
Reply

Re: Buy some niches, y'all! What unowned niches do you have content for?

Emily Barnett ·
Hmmm it looks like there was a lot of discussion but no changes. Disappointing. I don't see a lot of niches getting purchased until crypto currency recovers since the price is a bit daunting right now. Also a lot people like myself are already maxed out. Makes it feel like a hollow exercise spending all this time suggesting really good niches, and all the time it takes to vote on them with sooooooo many parked niches that we cannot create content for.
Reply

Re: Buy some niches, y'all! What unowned niches do you have content for?

Malkazoid ·
@Narrative Network Team , it would be helpful for us to be able to tag our content to niches that have not yet been purchased yet. This would allow you to maintain and display data relative to the activity that unpurchased niches are missing out on. It would be a motivator for you to resolve the current situation where they are dead weight that could be actively contributing to the network if you allowed them to operate without an owner: you (and everyone else) would be able to see precise...
Reply

Re: Buy some niches, y'all! What unowned niches do you have content for?

Emily Barnett ·
I have set out this morning to add my daily niche suggestion, but it feels rather superfluous, outside of trying to gain activity points for reputation. I have got to reiterate, the arguments we made before, and again in this thread. Using myself as an example. I get excited about watching a niche get upvoted that I am interested in being a regular contributor to. I have developed a content strategy for even. But with so many of the active founders & patrons already capped, we either...
Reply

Re: Buy some niches, y'all! What unowned niches do you have content for?

Malkazoid ·
And that's the bottom line. Even if we forget about the loss to the network of worlds of content locked away in niches not yet owned, we cannot ignore that almost every single new user to the Network is going to be pissed off that we didn't figure out how to let them post on a subject they like. They won't care what our excuses are - it isn't their role to worry about the Narrative paradigm. They'll just think the paradigm is stupid if it prevents them from posting to a niche their content...
Reply

Re: Buy some niches, y'all! What unowned niches do you have content for?

Emily Barnett ·
But if the community approves a topic, but Narrative demands to be paid before allowing people to post on that topic, it will not be a draw to the platform at all. It feels very, very restricting. And that is not a good thing. Narrative Team, please reconsider let the niche have a moderator, defer the 10% owners rewards back into the rewards pool, and let people get their feet wet in the ecosystem, that allows them full access to approved topics to choose from. Moderators can still be in...
Reply

Re: Buy some niches, y'all! What unowned niches do you have content for?

Malkazoid ·
Yes - and anything published solely to one's Personal Journal (PJ for short) isn't really participating in the content economy. Which I think we can all agree is a bad thing for the content economy. @Narrative Network Team , I outlined a solution with @Banter in an older thread, that involved a General Moderator pool where people could sign up to mod on unowned niches. This would allow those niches to participate in the economy, AND provide a fantastic proving ground for budding moderators.
Reply

Re: Buy some niches, y'all! What unowned niches do you have content for?

Heidi Hecht ·
Maybe at some point, we could increase the number of niche slots for each member from 5 to 10? That way we probably still won't have a problem with people being able to snap up tons of "popular" topics, but some of those promising new niches can be bid on.
Reply

Re: Do I Need to Reserve Some of My Tokens?

Emily Barnett ·
I don't know of any other fees. But I am not an authority, and like you I am waiting to enter Chaucer. I have not read any thread about surprise fees either so I think that it is pretty transparent. hope that helps a little.
Reply

Re: Do I Need to Reserve Some of My Tokens?

Gerbino ·
Yes I can’t say i’ve seen any other fees either
Reply

Re: Do I Need to Reserve Some of My Tokens?

Revelator ·
I've wondered the same thing. I'm bidding on a couple niches and it seems like it's not a bad idea to have some reserve NRVE just in case.
Reply

Re: Do I Need to Reserve Some of My Tokens?

JR ·
Might be handy to keep some NRVE just because as the price of NRVE goes up the cost of the minimum bids for Niches will decrease. If Neo goes back up to $150 then a minimum Bid should be no more than 100 NRVE.
Reply

Re: Do I Need to Reserve Some of My Tokens?

ericnovak ·
Is bidding on niches something that we'll be able to do regularly? I was under the impression that it would be limited to more of an initial phase thing
Reply

Re: Do I Need to Reserve Some of My Tokens?

JR ·
As long as you haven't purchased your 5 niche limit, you can continue to bid and the process will always be a part of the platform.
Reply

Re: Bidding system vulnerable to sniping

Ricardo Guerra ·
Thanks! This helped a lot! Very clear now!
Reply

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.
Reply

Re: How long will the Niche bidding continue for

Emad ·
Dear Harj, Recently I started reading new topics and decided to go back to read all the topics because of the quality of what I read. thanks for Ted and Rose for explanation, you are good team. best wishes
Reply

Re: Reduce minimum niche price for niches that aren't selling

Antimetica ·
I would definitely consider purchasing niches if they were in the $25 range or the fire sale is even more compelling. Great thinking! Get them sold and active. Let people who are passionate about their niche write quality, rich articles and be happy. I too was captivated by @airiam and their well thought out plans to own their chosen niche. I wish they could buy the one they want.
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Re: Reduce minimum niche price for niches that aren't selling

Vico Biscotti ·
Yes! $75 is way too much for some niches, especially considering the risks for a niche owner and the meager perspective for the minor niches. The economical side of the matter for Narrative, as pointed out very well, is an additional good reason for either lowering the price since the beginning (auctions will take care of raising the price) or putting dusty niches on fire sale.
Reply

Re: Reduce minimum niche price for niches that aren't selling

Serroc ·
I agree (and commented on the Narrative post).
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Re: Reduce minimum niche price for niches that aren't selling

AirI'am ·
The only thing keeping me from buying the niche I suggested myself is the price. You pay in nerve and the price is set on fiat, then why set the price on $75? Please lower it, so other people who are hesitating can make up their minds. By doing this, you'd be opening a way for more content to be created.
Reply

Re: Reduce minimum niche price for niches that aren't selling

Slaz ·
I’m certain that the only niche that I bought during the Alpha period, The Netherlands, didn’t cost $75 but more like $35 (around 650 NRVE back then). I don’t remember what exactly the difference was and what the starting bid was based on. The point is, I wouldn’t have bought a niche if the minimum bid was $75. It’s technically not out of my financial reach or anything, but I’m not crypto savvy and didn’t join Narrative with the idea to invest. I just wanted a future alternative for my now...
Reply

Re: Reduce minimum niche price for niches that aren't selling

Garden Gnome Publications ·
I think the $75 is an artificial price. If you let the market decide, many niches will sell for less. As is, the first time a niche doesn't earn back the $75 for a niche owner and they let it go back to auction, no one will buy that niche again. Who's going to buy a niche that has proven to have failed? How about this as a model: Start the bidding at $25. Let the market decide the price. Take the cut of the rewards pool allocated to the Tribunal and distribute it to the rest of the...
Reply

Re: Reduce minimum niche price for niches that aren't selling

blueeyes8960 ·
I agree that a $75 base price is too high. I have a relatively active niche and it's earned $17 total so far, with part of that going to moderators (at some point). So at this rate, I won't break even the first year. And yes, I bought it with the thought of making a profit and being a stakeholder in the platform. I have actively promoted it with contests and promoting it on Steem and Twitter. So the purchasing of a niche is the business part for me. If all I wanted to do was create content,...
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Re: Reduce minimum niche price for niches that aren't selling

Garden Gnome Publications ·
@blueeyes8960 , don't lose hope on the niche earning money. It's still early. While we agree on the topic of discussion, I'm consciously aware that most businesses don't turn a profit for years. Amazon went for 10 years before becoming profitable. I certainly believe niches should be profitable, but if it happens in the first year, that's a huge bonus. I'd be happy turning a profit in the second or third year. But to do that, Narrative needs to make some serious changes to encourage real...
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Re: Reduce minimum niche price for niches that aren't selling

blueeyes8960 ·
@Garden Gnome Publications - I'm not complaining about the rewards so far, just making a point that maybe $75 is too high a starting point for a lot of these niches up for auction. Yes, I purchased a niche for the idea of profit, but I'm not expecting a fast turn around. But you have to remember, next year you're going to have to pay that $75 again plus a portion of the proceeds you made this year to retain ownership. It's really a misnomer to say we are purchasing these niches, when...
Reply

Re: Reduce minimum niche price for niches that aren't selling

Serroc ·
I agree with @blueeyes8960 and I probably will not renew my niches, but I will continue to post in them for as long as they remain available to do so. I think that the character of Narrative will undergo another personality shift when the renewals come up - I assume it is based on the anniversary of purchase, so we shall see what happens in the Spring of 2020.
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Re: Reduce minimum niche price for niches that aren't selling

Garden Gnome Publications ·
@blueeyes8960 , yeah, I get it. I was the first person to call it leasing , which is a more accurate term. One thing: At renewal, it's $75 OR 10% (I believe) of the rewards earned for the past year, which ever is higher. Not both. If I recall, that's what I read in the spec. The implications of that are pretty stark. If you never earn back your $75 investment, you'll always lose money. On the other hand, if you do earn it back and then some, you'll pay more for the renewal, but it will all...
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Re: Reduce minimum niche price for niches that aren't selling

Malkazoid ·
@Garden Gnome Publications , @blueeyes8960 , @Serroc The concern over leasing does go way back. This is the first mention I've found of it: March 8th 2018. https://community.narrative.or...80#10039807109728180 Regardless of who first recognized it as more of a leasing paradigm, the situation is now exactly as @Garden Gnome Publications describes it. Our fledgling and vulnerable economy is already off to a rocky start. Currently NRVE has zero volume, and zero effective use cases. We are...
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Re: Reduce minimum niche price for niches that aren't selling

blueeyes8960 ·
@Garden Gnome Publications Yes, I believe you are right, the renewal is $75 or 10% of profit, whichever is greater. If I made $750 on my niche, paying $75 for renewal would equal the 10%. I'd be most indeed happy with that. But I'm on target to make way less than $75 so to turn around and pay another $75 on top of the current year loss would be a tough pill to swallow. Maybe the renewal fee should be waived if your niche did not earn the purchase price. I'll bet more people would be more...
 
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