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- Jan 23, 2004
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I found another weird one: encycolpedia.com.
Bid up over $5,000 and then closed at $2,700. Here was my email to them... comments welcome.
"I've been really worried about "ghost bidders" on your system and this appears to be another example. I've seen a couple of these happen like this, and I've spoken with many others about it happening quite frequently for other domains not on my lists.
Your numbering system starts over each time and affords the bidders zero ability to identify the credibility of those bidding against us. There is nothing more than an honor system at work with the bidding system and it worries me greatly --since it is bidders like me that end up paying inflated prices.
There really needs to be some kind of check-and-balance in place. For instance, there should be a credibility scale like eBay uses, so that we know about new bidders and the likelyhood of whether they'll pay up, may be competitors trying to spike the bid to drain our funds, or if it's a legitimate bidder.
For instance, encycolpedia.com was bid up to $5,000+ at the last time I checked it. Now, it shows closed at $2,700... this makes me wonder ..."what happened?" Did the high bidder bid up the price and then not pay up? Or is your system not tracking bids properly? Either way frieghtens me because either way will unethically cost us money.
Regards,
-Wesley"
Bid up over $5,000 and then closed at $2,700. Here was my email to them... comments welcome.
"I've been really worried about "ghost bidders" on your system and this appears to be another example. I've seen a couple of these happen like this, and I've spoken with many others about it happening quite frequently for other domains not on my lists.
Your numbering system starts over each time and affords the bidders zero ability to identify the credibility of those bidding against us. There is nothing more than an honor system at work with the bidding system and it worries me greatly --since it is bidders like me that end up paying inflated prices.
There really needs to be some kind of check-and-balance in place. For instance, there should be a credibility scale like eBay uses, so that we know about new bidders and the likelyhood of whether they'll pay up, may be competitors trying to spike the bid to drain our funds, or if it's a legitimate bidder.
For instance, encycolpedia.com was bid up to $5,000+ at the last time I checked it. Now, it shows closed at $2,700... this makes me wonder ..."what happened?" Did the high bidder bid up the price and then not pay up? Or is your system not tracking bids properly? Either way frieghtens me because either way will unethically cost us money.
Regards,
-Wesley"
