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I agree with much of what's been posted. Definitely shady stuff going on (plants, sock puppets, shill bids, etc.). There is nothing in their system to try and prevent that, I'm not sure they even want to.
Two things I've said before and will say again:
1. Someone pointed out most posters there are cheerleaders. There's a good reason for that. They censor out many legit negative posts! I know that for a fact. On the other hand, it appears no matter how wrong or absurd a positive post is, it'll never get censored. So, they are stacking the deck and secretly manipulating bidders.
2. They are doing a huge cash grab with 200+ auctions going at once, but it is hurting them. Bidding and prices are down. I glanced at the results for today, for example, and it looks like the majority of auction ended RNM. That's a problem. It causes a loss of both buyers and sellers (and spectators).
They seem to be aware of the problem,I noticed in unsuccessful auctions they don't call it "reserve not met" anymore, but instead the more euphemistic "bid to $ X" to downplay a yet another RNM auction.
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