Auction start very early in the Bitcoin paper, right? So Nakamoto when he's already thinking that he's going to have way more interest for actually sending transactions in the Bitcoin network. The transaction fees were in fact a bid on a first price auction is basically the same concept where in the blockchain space we just call transaction fees, but in mechanism design called them bids. Where do we next see kind of examples of auctions? I would say with the rise of the initial coin offering.

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