An Integer Discretized Share Auction on Bitcoin

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" summary

An integer discretized share auction runs as a descending-price, block-timed clearing auction on Bitcoin using budget bids: each bidder commits a single BTC budget and receives floor(budget/clearing price) inscriptions, with residual refunds. Implementation mixes on-chain payments, multisig custody, off-chain clearing computation, auditable bid records and a provably fair random claim for 8,000 public NodeMonkes (2,000 reserved). Opening price choice 0.21 BTC aims to prioritize collection strength over revenue, and the mechanism materially reduces bot capture.

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" chapters (7)

1. 0:00Bitcoin auction design intro
2. 3:28Dutch auction for NodeMonkes
3. 9:27Crypto auction challenges
4. 12:59Clearing price auctions on Bitcoin
5. 17:33Bitcoin constraints shaping auction
6. 20:22Auction design adapts to environment
7. 21:04Q&A

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