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TIL... the common auction pattern on Web3 where the deadline gets extended repeatedly by late bids (kinda like overtime) is called a Coldi auction.
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Replying to @vgr
It's called a Coldie auction, and afaik it was pioneered by @Coldie, who started by doing the whole thing manually
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In 2000-08, .coms were the *only* serious option, or .org if you were really a nonprofit. A .net meant you weren't savvy enough to play. In Web2, the .com hegemony began to unravel ~2010 as a few others like .io, .me, .ai, .ly began to gain alt subcultural cachet
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But the Web2 subcultural fragmentation tlds were still kinda in harmony with .com. They typically signaled a vertical orientation, but still with "dot com" basic neoliberal capitalism values/ethos. I think Web3 is signaling a fuck-you to that at an axiomatic tld level.
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Update, it's only a strict Coldie auction if you extend by 24h each late bid, because the intent is apparently global time-zone fairness. I guess the 15-minute extension model is a Coldie-like model but with other intentions (sniping defense etc)
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Replying to @vgr
@withFND does not use the Coldie Method. The auction function i invented extends the bidding 24 hours for each new bid. I did this so people across the world would have equal opportunity to bid no matter what time zone they are in
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Own = still stock thinking, the flow equivalent might be “execute” (contracts, instructions, orders) so we get rwx on global computer 🤔 All Unix metaphors then apply. chmod, chown, pipes, redirects
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web1: read web2: read / write web3: read / write / own twitter.com/j1mmyeth/statu…
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I’m genuinely surprised by the number of people whose basic posture is “give me one real use case and convince me.” I can understand hostile rejection or just diving in to either explore or grift. But standing around like it’s somebody’s job to win you over? That is odd.
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Replying to
I'm on that side and I'm confused by your confusion. You've never heard about a thing socially but took a while to build up the activation energy to dive in and learn? You never wait for a "good reason" to start learning?
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but like...I got off my ass and learned to code when I needed it for a math research project in college. I learned the basics of "how is computer made" when I needed it for work. lots of stuff like that, where there's a practical trigger for learning something.
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