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There is also at least one auction site with a similar business model that is practically a legal scam; bids cost money/points, and every bid increases the pric
by dom0 10y ago
There is also at least one auction site with a similar business model that is practically a legal scam; bids cost money/points, and every bid increases the price by a fixed amount and extend the clock. Non-successful bids aren't paid back, of course.
- ticviking 10y agoThere are actually some good arguments for a cost to bid system. In theory it encourages people to bid their true preferences rather than waste time sniping.
- dom0 10y agoPersonally I find sniping quite enjoyable (as an idle-activity), but I also consider "recon" part of it (finding mislabelled or less widely known items that get the same job done usually results in huge effective discounts).