I never really understood the penny auction scam, but now I see the potential for it with the 15 second reset, check this out, you don't even need a product
I setup OWAL auction the #1 *insert valuable thing here* auction site
People pay to bid on *insert valuable thing here*
If you bid in the last 15 seconds, timer gets reset.
So I just make the timer reset constantly with an account owned by me, at 1 second left
once I feel pretty confident no one else is bidding on it, I win the auction.
Make fake customer testimonial about how I got my *insert valuable thing here* and im happy with it.
Rinse repeat. No *insert valuable thing here* needed.
to the post above me, thats a cookie cutter terms of service, they just copied one and put their website name in it, the most likely didn't even read it. If they did read it..... *insert phrase to question their intelligence*
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