NoSatoshisHear: and almost a dollarauction, auctioneer gets nothing, puts up the initial $100, gets lot of lulz if the crowd ever starts trying to win on the money rake game. Demos of economics are just plain w00ty tooty fun times.
asciilifeform: in other lollers, http://archive.is/nsrpU >> 'Tina Lam and Michael Cheng snatched up Presidio Terrace — the block-long, private oval street lined by 35 megamillion-dollar mansions — for $90,000 and change in a city-run auction stemming from an unpaid tax bill. They outlasted several other bidders. Now they’re looking to cash in — maybe by charging the residents of those mansions to park on
mircea_popescu: well obviously we can't let this run as a dollarauction.