Tagged With "bidding"

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

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

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

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

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

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

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

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...
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

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...
Reply

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 ·
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 ·
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 ·
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 ·
Great, thanks Brian.
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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 ·
Thanks Brian. I take it the first bid time shown is in EST?
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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 ·
No worries, thanks.
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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

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

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: 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.
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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.
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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...
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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...
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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?
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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.
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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...
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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...
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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...
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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...
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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.
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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.
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Re: Bid withdrawal problem

Ted ·
You are supposed to be able to withdraw your bid at any time, assuming you are not the leading bid. It should not matter if the auction has been closed. We'll investigate the matter.
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Re: Bid withdrawal problem

Brian Lenz ·
Hi @Malkazoid , can you confirm that you're looking for the withdraw button on the actual auction page? For example, on the Food niche, you should be able to withdraw here: https://alpha.narrative.networ...ion/3847756784890364 You should see a red button to Withdraw Your Bid(s) at the top right.
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Re: Bid withdrawal problem

Malkazoid ·
Thanks for finding the solution so quickly! I was looking at the niche page, not the auction page! I'm only now realising the two are not one and the same... Sorry for the false alarm!
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Re: Bid withdrawal problem

Brian Lenz ·
No worries! Thanks for the sanity check
 
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