Would a Vickrey Auction be progress for some chip sales, or are there inherent flaws in the structure that make it unsuitable for chippers?
Vickrey in practice:
https://keycult.com/blogs/typings/the-vickrey-auction-and-why-were-using-it
Vickrey in theory:
https://en.wikipedia.org/wiki/Vickrey_auction
Seems that the biggest positives would be that the seller could capture more value from the whales who would get the chips either directly or via the secondary market, and follow on-sales would have less pressure to inflate assuming that the whales already obtained what they wanted. Or am I making a bad assumption here and people actually want secondary values to continue the way they are?
Downsides appear to be decreased pricing transparency and potential for collusion from buyers.
All that being said, I'm currently a pretty solid fan of TCR's current selling flow. Order filling technology issues aside (on both the seller and buyer sides), I rather like that if you want the chips out of the gate, you've got to put in some work as a buyer, but if you lose out on the first few minutes, or are good with ample used stock, there's still solid opportunity to purchase what you'd like.
Vickrey in practice:
https://keycult.com/blogs/typings/the-vickrey-auction-and-why-were-using-it
Vickrey in theory:
https://en.wikipedia.org/wiki/Vickrey_auction
Seems that the biggest positives would be that the seller could capture more value from the whales who would get the chips either directly or via the secondary market, and follow on-sales would have less pressure to inflate assuming that the whales already obtained what they wanted. Or am I making a bad assumption here and people actually want secondary values to continue the way they are?
Downsides appear to be decreased pricing transparency and potential for collusion from buyers.
All that being said, I'm currently a pretty solid fan of TCR's current selling flow. Order filling technology issues aside (on both the seller and buyer sides), I rather like that if you want the chips out of the gate, you've got to put in some work as a buyer, but if you lose out on the first few minutes, or are good with ample used stock, there's still solid opportunity to purchase what you'd like.