Twitter is dropping Twitter.ca (3.Viewing)

bmetal said:
Yes, as has been pointed out, I meant to make the change but hadn't gotten to it. I was planning on $1k increments, but now that I think about it, Smaller increments would actually fix some of the "2nd highest price" issues (bid leapfrogging). Still, I don't want to change it mid auction. Thanks for the reminder. - Tom
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OK. That's off the todo list. Code is written, just not staged. Bids from $5k to $40k should be $500 intervals, and you should be offered 10 new bid values instead of just 5. Just needs a "git pull" command after this auction closes. Thanks again.
 
bmetal said:
OK. That's off the todo list. Code is written, just not staged. Bids from $5k to $40k should be $500 intervals, and you should be offered 10 new bid values instead of just 5. Just needs a "git pull" command after this auction closes. Thanks again.
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Its a win for the current bidders because I would have gone higher for sure.

Call me cheap if you like but I would rather win with a $500 higher bid than a 2K higher bid.

So thanks for doing that Tom (y)
 
MapleDots said:
Its a win for the current bidders because I would have gone higher for sure.

Call me cheap if you like but I would rather win with a $500 higher bid than a 2K higher bid.

So thanks for doing that Tom (y)
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I'm thinking that the current bidders may have stretched to make the current bids knowing there was a $2k barrier to the next bid, changing that after they've made their bid would strike me as a nasty thing to do. Simpler and more ethical to NOT change the rules in the middle of a high value auction. I'd rather see you ALL back for the next high value auction than gain a few $$ on this auction.
 
theinvestor said:
Great, that’s exactly my point. It benefits the person winning the domain.
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Then what exactly does this mean?

Squeezing an extra 1K or $500 isn’t that big of a deal.
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If it's meant towards the buyer, it makes no sense given your "argument" that you love the $2K increments and the obvious fact that the current system helps high bidders, and if it's towards BM, then it's absolutely incorrect as an extra $500-$1K every premium auction will certainly add up.
 
I’m not referring to BM at all. I’m saying there are going to be people who are not willing to pay 2K extra but willing to pay $500 or 1K more. So if someone really wants a domain that extra cost won’t make much of a difference.

The key is it’s not just 2K. It’s really closer to a 4K swing when you factor HST. So if you’re stopping someone early like Maple above it’s really a win for the person bidding.

In the case here with Twitter.ca; if my budget is 20K and I can stop someone at 12K because they don’t want to pay 14K (nearly 16K with HST) but willing to pay 13K I consider that a win. So as a bidder I would be happy with that result.
 
bmetal said:
I'm thinking that the current bidders may have stretched to make the current bids knowing there was a $2k barrier to the next bid, changing that after they've made their bid would strike me as a nasty thing to do. Simpler and more ethical to NOT change the rules in the middle of a high value auction. I'd rather see you ALL back for the next high value auction than gain a few $$ on this auction.
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There’s a strategy in bidding based on the next bid increments as noted by Tom. :)
 
theinvestor said:
Like Tom said before you should have a price in mind and place the amount you’re willing to pay. That’s how the system was designed. You saved yourself 10K ;)
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Yeah, I was surprised when a bidder increased the bid by 2k that early in the game but I had no big plans for it other than to forward it to twitter.com/mapledots so 10k + hst was a good limit.

Again... that said if the auction end approached and I could add $500 or $1000 to the last bid it might tempt me to do it but not at $2k, its just too big of a spread.

I'm looking forward to the next big auction with the revised bid amounts.

Good luck to whoever grabs this one
 
Probably the biggest negative to Baremetal's choice of auction system is just that it confuses people and is different than all the others. The strategies you use on every other platform don't quite work out the same way there.

And always keep in mind the fact that you only pay the price of the 2nd highest bid, whereas other places you pay the next bid higher than the 2nd highest bid.
 
Screenshot - 2023-05-10T155115.307.png


And the hammer has dropped!
 
MapleDots said:
In hind sight, I'm kinda glad I stuck to my limit on Twitter.ca
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I think it was obvious that Twitter was probably not going to be a long-term brand for Elon so I was amazed at the bidder frenzy on Twitter.ca for what could ultimately be a limited-use traffic domain.
 
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