Yea..... another shitshow Denarium auction...... this should be interesting. Will your insiders be able to big backwards again?? I just think all bidders should be aware of the tactics you allow for "early investors"
Good luck with your
shitshow auction.
can you explain to a newbie like me please?
You can bid under the highest bid incase the winner doesnt pay right?
Yes, that is correct. We have had zero cases that the winner (or winners) of the auction does not pay. We wanted to make it clear that if it is not paid in a reasonable time, we can then offer the product to the second-highest bidder.
We have basically had no issue with the auctions until the last auction to which anonymousminer is pointing. There was some obscurity about the price range of the product and for some persons, it seemed to be "ridiculously high", "astronomical bid" or "shill bidder". It did not help at all that our rules were unequivocally stating that bidding a new lower bid would invalidate your previous bids.
it was an embarrassing loophole in the rules that no one had previously used in that way. That rule was only used in the multi-product auctions.
Despite all the explanations we have removed that rule so it is not possible anymore. What comes to the "shill bidders", we have asked what would be the best measure to eliminate them and are open for any proposals to be implemented. Would it be merit, post count, member status ( Hero Member, legendary, etc.) as we do not want to rule out too many people? Some auctions in the collectibles section have no rules at all in the description.
We have also considered auction platforms to tackle the issues, but there are some downsides in these too.
Hundreds of auctions monthly in this section go off without a problem..... you guys are just incompetent and you let your "early investors" get away with shit that would never fly in any other auction on here. You also allow shill bidders to drive your prices up...... funny how none of your "early investors" or shill bidders showed up to my denarium auction. Maybe you missed it..... these were the replacements YOU provided when a refund was requested!! See denarium customer service and quality control for yourself below.
https://bitcointalk.org/index.php?topic=5183542.msg52419581#msg52419581p.s. I had multiple products in that auction. No problems in the auction I held. Once again, denarium just is incompetent!