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taking this a bit further, the original authors could probably employ this as a strategy: Since it's an anonymous auction, the original author could win the auc
by roncohen 6y ago
taking this a bit further, the original authors could probably employ this as a strategy: Since it's an anonymous auction, the original author could win the auction and then refuse to pay repeatedly until all the real potential buyers have given up.
- 4cao 6y agoApparently, you have to deposit BTC 0.1 (~= $4,700) to be allowed to bid. Presumably, you'd be losing this deposit upon each iteration if you refused to pay.