Quote from: geniusboy91 on June 15, 2013, 05:12:30 AM

Quote from: tosaki on June 14, 2013, 03:30:45 PM

Quote from: Welsh on June 10, 2013, 11:34:16 PM

I see that we are having some features put in, so can be get a feature to put a reserved price?

What's that?

I am heavily against a reserved price. Tosaki, what this means is that you would have a starting price for an auction,say 1BTC and then a reserve price of let's say 5 BTC. Now everyone starts bidding on the auction and it only goes up to 4 BTC and the auction ends. Now the seller doesn't have to sell the item because it didn't reach his reserve price. It's basically just a waste of time for everyone involved. If the seller will take no less than 5 BTC, then he should start the auction at 5 BTC.

If the reserve price is public (and anything else would really be a joke) I want an interface that allows me to completely ignore the non-reserve minimum price.
I assume a reserve price is something where the seller pays the fee for the 5Ƀ transaction or whatever the price was when he trumps it. It would be like giving every account a Doppelgänger who puts in a reserved price offer the last minute of the auction and the other guy then might end up paying 5.1Ƀ instead of the prior 3Ƀ, or because he preferred to have you pay a fee for being mean, you buy your own shit for 5Ƀ, essentially paying a fee (for wasting everybody's time and real estate on the site).
Another option would be to allow users to bid on their own items. Bitmit could be fine with all this as for them it's not important who pays the fee in the end and users already ask friends to help them out or have fake accounts for exactly such bullshit. As Bitmit will barely be able to prevent such manipulation from happening, they could just as well facilitate it and in return show statistics on how serious a 1ct. starting price is with this trader.