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by daniel-cussen 1372 days ago
Mmm...yeah it's like ebay's auction system, you can tell it how high you will go but...no, just no. Better to just wait until the last moments of the auction and then tell ebay in successive increments--in a real auction--how high you're willing to go. Can't let people see your reserve price generally. It's very private, essential to private property. Without it, and without competition, you give up everything you have and nothing actually makes life better than not having it. Well like there can be ultimatums, that's the alternative.