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Jan 17th, 2019
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  1. Yo @everyone ! We were wondering what auction method would work best for you regarding the initial waifu distribution. We have three (already implemented) possibilities:
  2.  
  3. **ENGLISH AUCTION: ** Your everyday biding; there is a waifu you really want, you bid, others can increase that bid. The highest bidder gets the waifu when the bidding process ends.
  4.  
  5. >Pros:
  6. ```-Simple for the user```
  7. >Cons:
  8. ```-Problems for the user regarding TimeZones
  9. -People would bid at the last second, making the auction unfair ```
  10.  
  11. **DUTCH AUCTION: ** The waifu´s value starts at an X price, which will decrease over time. The first person to pay for the waifu gets it at the current price and at the current time.
  12.  
  13. >Pros:
  14. ```-Simple for the user
  15. -Already tested in other cryptocollectible games ```
  16. >Cons:
  17. ```-Requires a “decreasing” ratio and a “starting” waifu value
  18. -Problems for the user regarding TimeZones ```
  19.  
  20. **BLIND AUCTION: ** The bid you made and the bids other users made are completely private. To assure that privacy, each user will make two bids, one “real” and another one “fake”. Only when the bidding process ends, you will know if you got the waifu. After that, the user has to manually take action to claim the waifu.
  21.  
  22. >Pros:
  23. ```-No issues regarding TimeZones
  24. -People can bid at the last second, no bid deal ```
  25. >Cons:
  26. ```-More complex for the user
  27. -Potential loss of etherium if not revealing ```
  28.  
  29. **CENTRALIZED BLIND AUCTION: ** It’s the sister of the BLIND AUCTION, but Centralized.
  30.  
  31. >Pros:
  32. ```-No issues regarding TimeZones
  33. -People can bid at the last second
  34. -Solved problem about potential lost of etherium```
  35. >Cons:
  36. ```-More complex for the user ```
  37. >About the Centralized Servers:
  38. ```
  39. -Funds are NOT handled by these servers, they're only used for decrypting bids
  40. -Collusion between all centralized servers can result in them knowing the secret bids
  41. -If a server refuses to decrypt, auctions will be void (without fund loss) till that server is replaced by the DAO
  42. ```
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