I have a question for YOU, Biddingpond.com: On your "100BTC Listing Credit" I feel like you have a bot set up to make the bid go higher, so you'll get more Bitcoins. I feel this is true because there is no possible way another bidder could outbid me the exact second I placed my bid... about 5 times in a row. I mean, maybe once, but about 5 times or MORE in a row?!! That's just plain ludicrous!! Please be honest with me, because if you say no, even if you are telling the truth, I'll run a botchecker on the site and post the results here. Sorry to sound threatening, but it's really deceptive to do something like that, especially for the owner of the site. If you are in fact using a bot, I will make sure to give a second thought before placing an auction on your site again. Again, I'm not trying to be aggressive, threaten you, or anything similar, it's just I don't enjoy businesses that deceive and scam others...
It concerns me that you chose an public forum to discuss this topic without contacting me first with your concerns. This to me makes it look like scare tactics/fear mongering/troll activity.But in order to protect my name from UNFOUNDED accusations I provide the following:
Biddingpond.com like all modern auction sites that I know of allow for a user to place a proxy bid. A user will place a maximum amount that they are willing to pay. When another bidder bids an amount LESS than the other persons bid they will naturally be outbid. The way you can avoid being outbid so fast is to place the MAXIMUM amount that you are willing to bid and the site will place a bid up to the largest amount needed. But, like a said earlier if that amount is less than the other users Maximum bid you will be outbid.
The way my site works is EXACTLY the same way that e-bay and other large auction sites work regarding the handling of proxy bids.
If you wish to run a bot checker go ahead! I run an honest business! But you should also be willing to post the heuristic algorithm used to determine bot use so it can be publicly determined if that will be sufficient.
I would also like to note there have been other auctions for listing credits that have sold for far less than the price of an average listing with extra features. Not to mention items I have placed on the site that have sold below market value in order to spur listing activity. I have posted some of these links below:
100BTC Listing Credit on Biddingpond.com
http://www.biddingpond.com/item.php?id=19525BTC Listing Credit on Biddingpond.com
http://www.biddingpond.com/item.php?id=203Advertise on Biddingpond.com
http://www.biddingpond.com/item.php?id=196Kindle 3G Wireless Reading Device
http://www.biddingpond.com/item.php?id=159GPS Blocker (110V-220V) with car charger - FREE SHIPPING
http://www.biddingpond.com/item.php?id=89I unfortunately can not name who won these auctions as it would be a violation of their privacy. But if they are willing to come forward they can state the auction that they won.
If you have NEVER used any type of online auction site I apologize for your confusion regarding proxy bidding. If you have used a modern large bidding site you most definitely are aware of proxy bidding and are a troll.