Quote:
Originally Posted by LimpDitka
Thats all good and well if the person colluding winds up winning the auction, but what if the person colluding doesnt win and they finish second or third or 4th etc.. Now they artifically bid up the package and we would never know because they never had to send funds to prove that they were serious.
The bidding/auction system has a serious flaw in it, its almost like eBay except there arent strikes or negative feedback. There is a reason you pay a 10% premium on eBay, for security. 2+2 marketplace is a free/open market kind of like craigslist where there is no supervision and subsequently auctions don't exist.
I applaud Timex, he got maximum value and it was very creative by him, but he will most likely be one of the last to sell a package in such a way.
Good point guys. I developed a software that solves all that issues around the (dutch) bidding system and fake buys. I am sure that this will be the future staking method. It just has to be more accessible to the main stream of poker guys by delivering basic explanations how it works. hook me up for more info!
GL timex, one time!