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The problem with a dutch auction is if you don't know how a dutch auction functions, it looks like you're getting royally screwed. That's why they're usually re
by philistine 4mo ago
The problem with a dutch auction is if you don't know how a dutch auction functions, it looks like you're getting royally screwed. That's why they're usually reserved for professional settings.
- jojobas 4mo agoHow so? You don't like the price, you don't make a bid. You can only royally screw yourself.
- selcuka 4mo agoWhat you said is correct, but only for a rational person. Note the wording of your parent comment: "it looks like". Many if not most people will buy the thing for $X, then complain that someone else scored the same item for $X - $100.
- jojobas 3mo ago"Dumb people are going to be unhappy" is a strange argument to make.
- WarmWash 3mo agoBut plays a massive role in shaping society
- dghlsakjg 3mo agoPissing off your customers by nakedly profit maximizing is great for one shot life games. They would maximize profit for this launch and in the process damage a reputation that is literally worth billions. Gamers are famously sensitive, and famously have a long memory for PR fuckups.
- Dylan16807 3mo agoIf it starts at $10000, then the number of people that buy right away and get upset when it drops by $100 is roughly zero people. Once the price has already dropped more than ten times, and the site says when the next price drop is, people will figure it out well enough.
- tecleandor 3mo agoIt's like the complete opposite of "bidding fee"/"penny" auctions, which are very scammy and provide plenty of profit to the auctioneer, but people feel like they could get a great price. But if you make the math (and notice the dark patterns and know that usually there are also fake bidders...) you can see how much of a scam they are.