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RE: BUILDTEAM Auction | Option to Retract or Reduce Bids
Interesting, definitely changes the game. As soon as I saw large bids pouring in early I held out knowing that the likelihood of hitting a ratio above 1.7/1 (which is my personal threshold) would likely not happen and those bidders would end up disappointed having played the game wrong, thus learning from the mistake.
This is pretty much a bailout!
Yep, I matched the highest bidder in an attempt to send a message on how to play the game and halt the bidding, but the bids just kept coming in. I don't think it's a bailout though, that would involve us inflating the pot after the fact and that's not happening ... this is more of a get out of jail free card/escape rope; a second chance to behave in a rational manner, serving your own and the communal best interest :)
Yeah, I smiled when I saw your bid match the other, that was a great move. Unfortunately people still didn't get it. That's why there should be consequence to their actions, that's how people learn.
Just my two cents though. Love what you guys are doing and appreciate it. Looking forward to seeing the other ways you come up with to increase the BT token value.