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Showing results for tags 'bid sniping'.
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The cost (tax) of placing a buy bid is a significant fraction of the purchase price (default 10%). I dunno about anyone else but I get pretty peeved by the +1 bidding that goes on. So if I bid 300 for 500 logs some cheapskate comes along and bids 301gold, and another 302 and another 303 and so on. For me to outbid I have to ditch 15,000 gold and bid again. This is nonsense. Let's have a coded rule that requires any new highest bid to be at least 10% higher than the existing highest bid price. So for example, in the case of an existing bid of 300 gold any buying bid would have to be at least (300+10%) 330 gold, any outbid of that (330+10%) 363 gold and so on. Conversely bidders will be able to bid at 299 and get in line. I hope that will discourage multiple bid snipes. I would also like to see any under-bid that is withdrawn, which has achieved no purchase quantity, have the bid money and tax refunded in total. I am not aware of any bid system where a bid tax is paid of 10% which is not returned, in full, if no sale is made due to a winning overbid by someone else; mind you the world is a bigger place than my back yard; It just seems wrong and pathetic. Buster (Fair Trade Committee)