4 ms·
It's trivially broken if you can get in the first two bids: (1) Bid high, profitable amount, then: (2) Bid the lowest possible amount. (3) Do nothing for 10
by maaku 11y ago
It's trivially broken if you can get in the first two bids:
(1) Bid high, profitable amount, then:
(2) Bid the lowest possible amount.
(3) Do nothing for 10 days, meaning the result of the auction reverts to the 2nd highest bid (your initial high bid).
- newjersey 11y agoWould it help if we triggered a new round of bidding after every failure, disqualifying anyone who won previous bids?
- blowski 11y agoSeems like you should just allow anyone to bid anything at any time. There's no reason to disallow someone from bidding higher than the current lowest bid.
- newjersey 11y agoSorry, I thought I edited quickly enough but I clearly didn't. Readers, I had previously omitted the wording winner so it read like I wanted entirely new bidders, disqualifying all previous bidders.
- llimllib 11y agoThat would solve the immediate problem, but make it easy to DoS the system with $1 bids