- Topic Starter NewsBot
- Start date
- Replies: Replies 42
- Views: Views 266
They must remove all bids from the fake bidder, not just on the domains they won and didn't pay for. This bidder's participation caused other investors to overpay on every domain auction they bid on, even the ones they lost.
DataCube
DataCube.com
Richard is right, as that system also allows easy manipulation.
It has been an issue with GoDaddy auctions for well over a decade.
auctions - GoDaddy Expired Auctions can be tricked
Two or more bidders run a domain up, and block any legitimate bidders from bidding. Then the top bidder doesn't pay, leaving the second bidder to get the domain at a major discount after all the winner's bids are removed.
This is the scheme that has lead to many GoDaddy auction rollbacks. Michael N @NameBio has covered this scheme extensively.
Brad
DataCube
DataCube.com
Basically every domain auction format ends up shafting legitimate bidders.
Brad
Brad
MacMan
Member
- Joined
- Nov 5, 2020
- Topics
- 96
- Posts
- 736
- Likes
- 291
Except they blame it on a rogue employee
DataCube
DataCube.com
GoDaddy has acknowledged this system problem in the past, outside blaming employees.
They have stated that they were "actively working on multiple solutions" to fix it.
I am not sure on the current status, as I gave up bidding on GoDaddy auctions a while back primarily because of this issue.
All the best domains were being targeted from the liquid domains to ones with SEO and traffic value.
Brad
Ricks response
Auction Platforms Shouldn't Benefit from Default Bidders | DomainInvesting.com
A massive string in the article above
How can all bids, except the final bid, be verified if the fraudulent bidder started bidding above $10,000?
Sponsors who contribute to keep dn.ca free.
 |
 |
 |
 |
 |
 |
 |