Hell, I'd go one step further and suggest that these bids have so little business being on the site that they not be allowed at all. Anything less than 0.1% of the current highest bid on a security with at least 5 bids is rejected (A security with fewer than five bids may not reflect accurate prices, this exception may not be required however). This would still allow a bid of 0.001 BTC on a security trading for 1 BTC normally, which is still ridiculously low.
I'd also limit the number of digits allowed in a bid. Hell, if no one is prepared to bet
really more than me, why should anyone, arrived later, be allowed to be before me for the exact same price -just one shatoshi more? So that if I want to be first, I have to cancel my previous, and make a new order again (which process is, I remark, nowhere as fast as it ought to be).
It's basically... a penny auction; not in BTC (since price goes nowhere really) but in time.
If I have a bid at 0.12, either you offer at least 0.121 or you're
after me, since you came later and do not really offer more. Seems fair to me.
Also, unrelated: can I manage the transfer feature via API?
And, can I see who sent me something? [Of course I should have looked to the CSV history] It seems both no, but this features would be quite useful; if they aren't there yet, my vote to implement them.
