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*100x. One of the other threads mentioned that they had to post their maximum bid publicly in a blockchain somewhere as part of the “dao” before the auction, so
by boopboopbadoop 5y ago
*100x. One of the other threads mentioned that they had to post their maximum bid publicly in a blockchain somewhere as part of the “dao” before the auction, so someone could easily have seen what they were willing to bid, and just bid them up to it.
- giarc 5y agoI don't think that's true. From Buzzfeed article, it looks like a 25 year old crypto millionaire bid on this, and the SpiceDAO raised $12 million after the fact and are going to reimburse him (and use the rest of the funds for this derivative work)
- boopboopbadoop 5y agoThe OP’s question was about how the bid got so high, i.e. it would take two people to get the bid that high.
- giarc 5y agoI wasn't clear, but the winning bidder wasn't the DAO, so it's not like the Constitution DAO where they said "We raised 35 million to bid". The winning bidder used his own eth to win the auction and is only now going to be reimbursed by the DAO (who raised $12 million). So my point was that the winner bidder didn't disclose their max bid like the commentor said.