noun | awk·shuhn
A civilized way to separate fools from their money. Auctions are like a game of financial chicken, where the winner is the one with the most disposable income (or the least common sense). In the crypto world, auctions are often used to sell off rare NFTs, shitcoins, and other digital beanie babies.
Example
"I just won an auction for a CryptoPunk! Sure, I had to sell my kidney on the dark web to afford it, but it was totally worth it."
"The government is auctioning off a bunch of seized Bitcoin. Time to FOMO in and buy the top!"
