[LEAPSECS] Synchronization requirement

[Poul-Henning Kamp]

In message <20081112185605.GD13292 at mercury.ccil.org>, John Cowan writes:

>Poul-Henning Kamp scripsit:

>

>> >They'd never be able to close any auctions :-)

>> 

>> They would, it works fine in most real-life auction houses.  

>

>Real-life auction rooms don't routinely have tens of active bidders

>for a particular item.  Waiting does not scale.


It sure does, bidding stops automatically when the maximum attainable
price is reached.

Sniper bids is an attempt at buying the object at a price lower than
that, by preventing other bidders from revising their bids, thus
circumventing the purpose of the auction: to establish the highest
mutually agreeable price.

Poul-Henning

-- 
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