On 9/13/2020 11:33 AM, ATMunn via agora-discussion wrote:
On 9/13/2020 3:53 AM, Reuben Staley via agora-official wrote:
Regulation AM2/0
Sealed-bid Auctions
Sealed-bid auctions function like generalized auctions except:
* Players can only submit bids on a sealed-bid auction if they do
not have a bid in that auction.
* Bids must be initially hidden so that it is impossible to tell
its value but that it is verifiable that the amount bid was *
decided before the bid was placed. Anything that claims to be a
bid and fits these conditions is considered a bid.
* Sealed-bid auctions do not end when bidding is closed. Instead,
they end four days afterward.
* Each player SHOULD reveal eir bid amount on a sealed-bid auction
while the auction is closed but has not ended. If e does not do
so then eir bid is nulled.
* The termination message also includes whether or not each bid is
null.
* The Nth awardee of a sealed-bid auction is the non-withdrawn
funded player whose bid is not nulled and is the Nth highest of
all bids placed.
I don't quite understand how this works. To bid, do we send the
Auctioneer the bid, do we post a hash of the bid, or what?
(I got a response from Trigon on Discord, but I'm posting it here for
anyone else wondering)
"Post it to the public forum obscured in any verifiable way"
"A hash works great"
--
ATMunn
friendly neighborhood notary :)
