Hacker founder using ai to coordinate onchain economies /tenfold, nounish channel client /comint

More: rubinovitz.com

I've seen a few people mention that "the auction is offchain," but in fact all the auction mechanisms are in a smart contract that handles bidding, escrow, refunds, and settlement. Similar to Nouns, Zora Auction House, and Mirror.

Bids are authorized with an offchain signature in order to limit participation to Farcaster accounts. (At least for now). But the mechanism and logic are transparent and onchain.

Has been fun to revisit an old idea (ascending escrowed auction with refunds) with cheap gas and much better tech on the frontend.

I've seen a few people mention that "the auction is offchain," but in fact all the auction mechanisms are in a smart contract that handles bidding, escrow, refunds, and settlement. Similar to Nouns, Zora Auction House, and Mirror.

Bids are authorized with an offchain signature in order to limit participation to Farcaster accounts. (At least for now). But the mechanism and logic are transparent and onchain.

Has been fun to revisit an old idea (ascending escrowed auction with refunds) with cheap gas and much better tech on the frontend.

https://github.com/farcasterxyz/collectible-casts/blob/main/src/Auction.sol

I work at the posts office

terminally.online

Next step is adding in a min % bid increase and send a share to the previous bidder when someone outbids

Bid to earn 🔥🔥🔥

i would love to profit from playing chicken and shit bidding but i'm not sure if it is ultimately a good design

we thought about that! designed the auction contract so we can throw it away and add new ones. so we might try new mechanisms

We created the “Bid-to-Earn” model many years ago! 

Over 78,000 auctions later, we are now launching the GBM Auction Protocol on base. 

Vitalik and Dr Gavin Wood have even used it to raise money for charity ❤️