Marketplace Features Requests
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I’ve changed my mind on this one (thanks to Kevlar). I’m going to price my market items in FTC and not worry about the fiat price. I know it will be “worth” more next week vs fiat and continue increasing until ultimately it will level off but the “value” of it will be much higher down the road. It’s a win/win situation. The buyer gets a great price now, while the seller receives an increasing store of value. By the time the leveling off happens, fiat may be dead when it comes to shopping online and a merchant set FTC price for products will be established as the “going rate”.
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Good to hear. Feathercoin will always be the default option :)
Here is what the sales page currently looks like on the development system.
The listing in is Euro, in brackets after the current bid the first figure is the currency set by the user and the second figure is the amount in Feathercoin.
[img]http://forum.feathercoin.com/index.php?action=dlattach;topic=4038.0;attach=1355;image[/img]
This is the item sale page.
[img]http://forum.feathercoin.com/index.php?action=dlattach;topic=4038.0;attach=1358;image[/img]
There is actually a fair bit of work catching all the requests in the system to the current currency fields and sending them to the paired values.
[attachment deleted by admin]
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[b][Villain][/b]So the buy it now and reserve price will be tied to a set fiat price and the price in FTC will fluctuate accordingly. If I want to buy some products on the cheap in FTC I should first announce a dump on Twitter and sell a large stash of FTC driving the price down. This way I win two-fold. I lower all prices of auctions tied to fiat on the market, I buy them all up cheap, then I go buy back my FTC even cheaper after the crash I created has leveled off. It’s a win/win situation (for me). Even better, I re-list all products on the feathercoin market at the new established higher price after I buy back all the cheap ftc on btc-e. win+win+win![/villain]
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Would this “villain” not need to pump FTC first to push up the value vs fiat up first. So they can then but the item for less coins then sell the coins again and essentially have got the item for fewer coins than they should have.
If they did dump first the number of coins would actually increase. Am I correct on this?
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[quote name=“kris_davison” post=“37513” timestamp=“1385734459”]
Would this “villain” not need to pump FTC first to push up the value vs fiat up first. So they can then but the item for less coins then sell the coins again and essentially have got the item for fewer coins than they should have.If they did dump first the number of coins would actually increase. Am I correct on this?
[/quote]Doh. Ok so there’s no worries then, correct? Or is there a viable way to abuse the system?
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[quote name=“Tuck Fheman” post=“37511” timestamp=“1385734064”]
[b][Villain][/b]So the buy it now and reserve price will be tied to a set fiat price and the price in FTC will fluctuate accordingly. If I want to buy some products on the cheap in FTC I should first announce a dump on Twitter and sell a large stash of FTC driving the price down. This way I win two-fold. I lower all prices of auctions tied to fiat on the market, I buy them all up cheap, then I go buy back my FTC even cheaper after the crash I created has leveled off. It’s a win/win situation (for me). Even better, I re-list all products on the feathercoin market at the new established higher price after I buy back all the cheap ftc on btc-e. win+win+win![/villain]
[/quote]To protect against this the final amount of Feathercoin is going to have to be updated after the auction has finished. The value shown to the buyer will only be valid for a short amount of time. Also the value of a Feathercoin is going to have to be averaged over a short period of time as well to protect against this sort of thing. I’ve been doing a lot of thinking about this.
It is not fool proof but it provides some protection. This is probably the reason why BitPay invoices are only valid for 15 minutes :)
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I am back on this today. The next step is to map bids to the currency that the item is listed in.
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Can we pin this Thread [Market Enhancements, Feature request, Bug reports]- to the top of markets?
I am trying another affray into market, as a test sale.
https://market.feathercoin.com/item.php?id=349
I had a slight problem of forgetting to press the upload photo’s button, before signing out. Could we make it the images start uploading as you drop them in, but you can delete them later? + the upload image window is set modal?
When I went back in to re-upload the files I got a warning on size, but they seemed to upload - no photos are there.
_They were all under 100kiB
What is the specified action of the image uploader? Does it reject big files or try and upload and fail. Should just say not uploaded too big or automatically compress the files to a small enough size to fit._
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Re: Editing an auction. The submit button is a bit intimidating the first time you edit. I thought I might be duplicating the auction not editing it.
Could the edit submit button say “Submit Edit”?
(or some such)
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This thread is now stickied.
The image uploader is set to 1MB images. I have not looked at this in any great detail but feel that this needs attention on usability. The amount of work required on the market is growing with some very good ideas on this thread and elsewhere. Once pin to fiat is in place I can focus elsewhere. At some point the market needs to be split as voted on by the community. I plan to do that before the new year. I wonder if the market then needs its own support forum?
Sales on the market are actually very low. It seems that people do not want to part with their Feathercoins.
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I think sales should increase after pin to fiat. I have just left buy it now auctions at high prices until this is done as I was having to change prices every day.
The images I was uploading and causing issue were tiny maybe 50 - 100k.
If you would like some help on the market at some point I would be happy to help. Even though my PHP may be a bit rusty.
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[quote name=“kris_davison” post=“39083” timestamp=“1386078339”]
I think sales should increase after pin to fiat. I have just left buy it now auctions at high prices until this is done as I was having to change prices every day.The images I was uploading and causing issue were tiny maybe 50 - 100k.
If you would like some help on the market at some point I would be happy to help. Even though my PHP may be a bit rusty.
[/quote]Hi Kris,
Thanks for the offer. It is appreciated, I do not think it fair to get anyone else to contribute to the market as there is a 1% escrow fee so it could be seen as a commercial venture. Hopefully this will one day cover the costs of the hosting but it will never cover the amount of time put into this :)
I’m working on the payment page today. When going to pay the user will be invoiced the amount in Feathercoin, that amount will be valid for an hour and the system will keep checking for payment during that hour. After an hour is up the user will have to go back to the payment page to generate a new invoice.
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Update on progress, on the dev system the pay page now converts final amounts to Feathercoin as shown in the screenshot below. There is a time period of one hour on the invoice. I need to stop it converting FTC at 1:1 ratio with expiry.
Next I have to set the cron job script to only check for payment when the invoice is within time limit. Then there are a lot of loose ends to tidy up.
This update is no longer backwards compatible with the current market. I will need to create a script for the migration process and take the existing auction site down for an hour while the update is in progress. I will do some mock upgrade before hand to check the scripts and final result :)
[img]http://forum.feathercoin.com/index.php?action=dlattach;topic=4038.0;attach=1444;image[/img]
[attachment deleted by admin]
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Good day on the market, the Buy Now side of things is complete. Bidding still needs attention.
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So far I think the marketplace is fantastic. One very small suggestion I have would deal with the message system. Forgive me if the way that I understand it working is incorrect, but it seems to work like emails being sent back and forth. If a buyer sends me a question and I reply, I can see his original message and he can see my reply. It would be nice if it there was a dialogue back and forth so not only could I read his question, but I could also see my own reply back to him. I’m looking at an item I just sold (my first, yay!) and wondering, “Did I reply back to that question already? I think I did…”. A sort of chat history would be very helpful.
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[quote name=“MTRisner” post=“40151” timestamp=“1386263355”]
So far I think the marketplace is fantastic. One very small suggestion I have would deal with the message system. Forgive me if the way that I understand it working is incorrect, but it seems to work like emails being sent back and forth. If a buyer sends me a question and I reply, I can see his original message and he can see my reply. It would be nice if it there was a dialogue back and forth so not only could I read his question, but I could also see my own reply back to him. I’m looking at an item I just sold (my first, yay!) and wondering, “Did I reply back to that question already? I think I did…”. A sort of chat history would be very helpful.
[/quote]Thanks for the feedback, I agree that the messaging system does require work. It is very rudimentary at the moment. I am not sure when I will be able to focus on this as there are many pressing issues with the auctions site. This is on the to-do list which I am looking forward to getting through once pin-to-fiat is complete which I feel is nearing completion. I hope to update the site this weekend.
Minor fixes in the next release. Remove the ability to delete auction, this removes the entries from the winners table which is very dangerous. Seller address is now shown on the Winner’s Details page for seller reference. Active auctions page is now in alternating background colours for easier reading.
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Pin-to-fiat is fully functional on the development system. I have about eight more views of the site to update to move to handling fiat. I am aiming to launch pin-to-fiat tomorrow or Monday. Still finding lots of bugs along the way which makes this sort of work a good thing, it sends me journeying far and wide through the code.
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[quote name=“Bushstar” post=“41190” timestamp=“1386430526”]
Pin-to-fiat is fully functional on the development system. I have about eight more views of the site to update to move to handling fiat. I am aiming to launch pin-to-fiat tomorrow or Monday. Still finding lots of bugs along the way which makes this sort of work a good thing, it sends me journeying far and wide through the code.
[/quote]Can’t wait :)
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It is done. Pin-to-fiat is now live on the auction site along with many other bug fixes. Sell similar with images now works which should be a bit of a time saver for users with several similar auctions. I have spent some time today looking at the issues with the image uploading and have submitted one bug fix to WeBid on this.
Please get on the site and try out some listing. Report any bugs to me here or by PM ASAP. Feedback always welcome.
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Services category has been added to the market.
