An Opportunity has arisen. You could become the next star of TV!
This Opportunity has a Fame Reward of 24.
A reminder of how this works: you can gain Wealth using the Income action, and then spend Wealth to make a Bid (reporting the bid in comments to this post). The highest bid wins the reward (and has some or part of the gap to the second-highest bid refunded), and the other bids get refunded.
We probably want to change this to a fixed duration, closed fist auction. The current structure has some very weird incentives in it.
This is kinda what I was thinking for my Misfortunes idea. The issue is that ais doesn’t want to get too involved in processing actions, so the alternative is a more complicated hashing scheme where the hashed bids are revealed at the end. That’s why my Proposal got so wordy.
Are there any other ideas on how to do blind bets without involving the Custodian?
I put a limit on the size of the refund for this reason, but I think it may have been too large.
@Raven1207: that was an invalid Bid. The rule on this is:
While there is an open Opportunity, any Seeker can reduce their own Wealth by any amount less than their current Wealth, and increase their own Bid by the same amount, as long as doing so causes that Seeker to have the unique highest Bid.
The key phrase is “the unique highest Bid”, meaning your Bid has to be the highest among all of the others.
BlogNomic is powered by pMachine ExpressionEngine.
Habanero:
In a desperate moment of irrationality, I spend my entire life savings in an attempt to bribe the TV host and get the attention I so crave. My Bid is 30