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For the average person, yes. I was speaking in consideration of the HN audience. Rather, people with enough intelligence to know what they are getting into an
by legohead 10y ago
For the average person, yes. I was speaking in consideration of the HN audience. Rather, people with enough intelligence to know what they are getting into and how they might take advantage of it.
But most people are curious, try it out, lose some money, and quit.
- tptacek 10y agoI'm still not following. What the the "smart" procedure I can use to bound my outcome either to getting a great deal or paying retail?
- mst 10y agoThis kinda sounds like the old tradition of dicing for double or nothing over purchases (though whether it's only a tradition in novels I don't actually know) - except with the addition of people who can't afford the original purchase price as extra suckers to help add to the house advantage/profit margin. Not sure I'm entirely fond of the idea but it just seems like yet another borderline form of gambling to me, and no morally worse than the rest.
- legohead 10y agoNot sure I'm entirely fond of the idea, either. Luckily the place I worked for was led by good people that actually wanted the users to have fun, and not just take their money. However, it definitely feels more like gambling than a fair or straight auction to me.