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Why wouldn't everyone answer a million dollars? How does this account for domain value changing over time, as you depend on it more?
by chrisbolt 3y ago
Why wouldn't everyone answer a million dollars?
How does this account for domain value changing over time, as you depend on it more?
- c7b 3y agoA fairly straightforward mechanism to deal with this is to make the price that you have to pay proportional to your reserve price. It's an established theoretical concept: https://en.wikipedia.org/wiki/Harberger_Tax https://en.wikipedia.org/wiki/Harberger_Tax but afaik there are no notable real-world implementations so far. I'm not deeply familiar with it btw, and not advocating for or against it, just fyi
- amadeuspagel 3y agoBecause then no one would buy it.