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RE: Crush the Bid: Rethinking bidding bots
I wrote about this a couple of weeks ago. The problems around people losing money - sometimes very large amounts - are easily fixed with bid capping. However, the people who run the bots would then make less money for themselves, which is why they aren't interested in doing it.
Thanks for sharing! I do recall that post, or maybe some others like it. These inputs swirl around in the back of my brain until... click. It all comes together.
The abuse that your wrote about would be mostly resolved by the acceptance of my 5 standards.
With points 4 and 5, the bot would record the bids and start marking them invalid when they crush the window beyond the maximum parameter. With point 2, the crushing bids would automatically be refunded. With point 1, the bots that don't follow the standards would be more easily identified and dealt with.