alt Hacker NewsIt's a second price auction. Who cares what their limit is. If it's more than the value of the item to you then they will win. Otherwise you will win.
It's a second price auction. Who cares what their limit is. If it's more than the value of the item to you then they will win. Otherwise you will win.
Exactly. I could put $100,000 as my max bid, but if second place only bids $10, then all they know is I bid $11 (or whatever the increment is). eBay doesn't tell anyone my max is $100K.