Bitcoin Institute

Re: Bitcoin Auction: 10,000.00 BTC --- Starting Bid 50.00 USD

NewLibertyStandard April 3, 2010 00:16 UTC

$50 is somewhat of a high starting bid considering there is over ฿22,000 available (http://newlibertystandard.wetpaint.com/page/Exchange+Rate) for not much more per bitcoin than your starting bid. Not to mention that realistically there’s probably a lot more than ฿22,000 available because if somebody bought a bunch of those bitcoins, I’m sure some people would step forward to sell more bitcoins. Anyway, I’ll bite for sake of the experiment. I bid $25. How about you change the minimum bid to $30 and tell us a maximum time between bids. Perhaps three days?