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Knowledge Protocol. Daily curated links from the space of blockchain, bitcoin, tokens, cryptocurrencies and protocols. No news, no bullshit, deep knowledge only.

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An Introduction to Auction Theory: Blockchain Edition

"Whether it’s a lock of Elvis Presley’s hair, used items on Ebay, or bitcoin seized by the government from criminals, auctions commonly happen when the seller isn’t sure of what the value of the item is or when ownership changes from public to private entities. This can include natural resources, seized goods, rare items, land, government contract procurement, etc."

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