The Pockets giveaway is over. Now let's see what they're worth.steemCreated with Sketch.

in #pocket7 years ago (edited)

If you're looking to buy Pockets, please comment below with the amount you're looking for, and what you'll part with in exchange.


Those who want what you're offering will reply to your comment with the minimum amount they'll accept in exchange for those pockets.

Let's look at a few examples.

Pock.PNG

The Pocket sellers (the men in this example) will be competing with each other in a reverse auction within each comment, and the buyers (the women in this example) will be competing with each other from one comment to the next, to offer assets, currencies or services that will convince sellers to 'turn out their pockets'.

...But Matt, why not run it like a regular auction, where sellers bid up the pocket price for the offered item?

That's an excellent question, voice in my head.

Very few people have more than a million Pockets.
Not knowing how high any one auction might go, I didn't want sellers limited to bidding on just one comment.
This way, they're bidding on how little they'll accept for a pre-determined chunk of their Pockets.
They might make offers on a 500,000 Pocket comment, and five other 100,000 Pocket comments.
This way each deal stands alone, and they won't have to stop bidding in one comment in order to keep bidding in others.
That said, there's nothing stopping the parties from repeating the same transaction once they've established a price.

I'll be interested to see if any canny investors identify and exploit arbitrage opportunities, buying them low, then selling them high.

Offer anything you like, but please honour the deals once struck.

This is a beautiful place with a long memory.
Better to make lucrative friends than expensive enemies.


If you're not across the concept of Pockets, please see this post by the creator, @biophil, but be aware that the window has closed, and Pockets are no longer available to claim via resteem. Sorry if you missed out.

Kudos to @biophil for a brilliant idea, well executed.


I'm really interested to see what happens.

  • The bulls might suggest that in the long term, Pockets will come to have a cultural significance here, since they were only available for a limited time, while steem was in beta (a collector's item like these silver steem coins).
    Ironically, the less they circulate, the more true that will be.

  • The bears might say that since anyone can create a side currency like this as often as they like, that pockets have no real worth, and just clog up the blockchain.

Let's all find out together.

Sort:  

I need some. Im waiting on some author payments. Give me a few days. Heres some of my pocket services here.
https://steemit.com/pocket/@jnjmarketing/1k-pocket-free-lottery-giveaway

https://steemit.com/pocketbook/@jnjmarketing/pocketbook-humpday-giveaway

Ok sure. Please inform me if you want pocket tokens.

Still got any? Or know where ti get some?

I can sell, have loads lol

Ill sell 50k pocket for 2sbd

Ill sell you 100,000 pockets ill take 10 SBD

I will sell 100k/4 sbd, I have total of 2 million tokens. So if anyone wants to buy all 2m the final price will be 80 sbd.

80 sbd for the 20mil you say.

OK

Oppps sorry its 2 million. Its my mistake. I have only 2 million pocket tokens

hmm u stil got em or did u sell on bitshares? :D I want to be a pocket whale

Here's one for everyone out there:

https://steemit.com/raffle/@fundraisers/raffle-time-fundraisers

Lets get those Pocket Tokens out there!

Here is how I'm using my Pocket Tokens to begin with:

https://steemit.com/minnowsupport/@jackmiller/101-comment-competition-everyone-wins

101 COMMENT COMPETTITON/CONTEST

"The bears might say that since anyone can create a side currency like this as often as they like, that pockets have no real worth, and just clog up the blockchain."

I fear that. I'm already looking into a couple of meta-token ideas myself, and I'm sure others are doing it too. The danger(?) is that people can effectively use the witnesses for free to transact their novel tokens. Instead of building their own blockchain and doing all the hard work they can just attach it to the steem blockchain and take advantage of the work being done and paid for by others (with steem, not the novel token).

Imagine getting to the point where we downvote offers of free coins like spam.

I'm looking for 100,000 pockets, and paying with SBD. Who's selling?

I'll sell you 100,000 pockets for 5 SBD

Sold :) pleasure doing business with you.

pocketsend:100000@mattclarke

Successful Send of 100000
Sending Account: buggedout
Receiving Account: mattclarke
New sending account balance: 900000
New receiving account balance: 1100047
Fee: 1
Steem trxid: e6ff53626c31aa3a17c0d5d671bedf99b8867a4a
Thanks for using POCKET! I am small bot and right now I am running this code.

Ill sell you 100,000 pockets ill take 6 SBD

Excellent. We have a starting bid. Let's see if anyone wants to go lower :)

I will sell for 5 sbd :)

pocketsend:100000@mattclarke

Successful Send of 100000
Sending Account: libert
Receiving Account: mattclarke
New sending account balance: 900000
New receiving account balance: 1200046
Fee: 1
Steem trxid: 29507438c160f9be89a0df93a76c03d024cc3354
Thanks for using POCKET! I am small bot and right now I am running this code.

Sold :) pleasure doing business with you.

I'll trade 399,000 pockets for a Lamborghini Huracan, any colour is ok, but prefer blue.

You'll need to wait for someone with lambos, who wants 399,000 pockets.
Then just bid him down to one :)

Good point I wasnt thinking crypto style! These things are rare, and the value is going to the moon. I revise my offer to 5 pockets. Thanks dude!

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