1@70
How serious should we take an offer from a forum member with no reputation?
John, I think maybe you should be keeping track of the first 20 bids or so, so that when people put in fake bids and fail to pay to escrow, the next on the list can be promptly notified.
deposit?
That's not a bad idea. Actually a few ideas come to mind.
x% deposit on all bids? (x between 1 and 10)
How about a silent auction where your bid for
BTCx is represented by sending
x satoshi to a predetermined address? (fully refundable at conclusion of auction of course)
Probably a bit late to be discussing this after the auction has started though....