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by ghaff 3357 days ago
That's not a reverse auction.

A reverse action is offering $2K. More people than we need. OK, how about $1500? Still too many. $1000? OK, right number.

"Wait! You offered us $2K and now you're only going to give us $1K. Lying POSs."

At least that's what I think people are referring to as a reverse auction in this context. I'm not sure if that's a totally accurate description or not.