24 Apr
2003
24 Apr
'03
10:43 a.m.
From: "Adrian Vickers"
<avickers(a)solutionengineers.com>
---snip---
This is like a
sealed bid auction because the auction ends at a specified time and the
winners will be those that place last second bids (i.e. not seen by
others).
Absolute bullshit. A sealed bid auction does not allow you to bid more than
once, nor do you know if your bid has been exceeded. Nor is there any
advantage/disadvantage in bidding early or late, as no-one knows what the
bids are until the auction finishes.