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Just when I thought people couldn't be any stupider...

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Just when I thought people couldn't be any stupider...

Postby GiantsFan14 » Sun Dec 14, 2008 4:29 am

I find something like this. It absolutely blows my mind that people are this stupid.

http://www.codinghorror.com/blog/archives/001196.html
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Re: Just when I thought people couldn't be any stupider...

Postby smoovethug » Sun Dec 14, 2008 4:57 am

Preying on the stupid can indeed be pretty profitable. Wow.
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Re: Just when I thought people couldn't be any stupider...

Postby GiantsFan14 » Sun Dec 14, 2008 5:02 am

smoovethug wrote:Preying on the stupid can indeed be pretty profitable. Wow.


It's absolutely insane how much money these people are making. Just taking a quick glance I see a 40 inch lcd going for like $800 with the auction still running. That means so far the site has made well over $4000 on the tv. Ridiculous...
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Re: Just when I thought people couldn't be any stupider...

Postby OneLoveBoomer » Sun Dec 14, 2008 9:56 am

I applaud the company -- make $$ while you can, if people are stupid enough, all the better.
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Re: Just when I thought people couldn't be any stupider...

Postby thedude » Sun Dec 14, 2008 10:34 am

I was just clicking around and saw some stuff selling for more than suggested retail price. :-t
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Re: Just when I thought people couldn't be any stupider...

Postby ThatDude » Sun Dec 14, 2008 11:32 am

OneLoveBoomer wrote:I applaud the company -- make $$ while you can, if people are stupid enough, all the better.


Agreed.

It's morally wrong to let a sucker keep his/her money.
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Re: Just when I thought people couldn't be any stupider...

Postby thedude » Sun Dec 14, 2008 11:52 am

This auction is ridiculous.

http://www.swoopo.com/auction/tomtom-go ... 27546.html

There have been, as i type this, nearly 3600 bids on this GPS, which means Swoopo has already made $2700 before even selling the item. You can get the same GPS on amazon for less than $400.

You really are gambling that no else will see the item.
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Re: Just when I thought people couldn't be any stupider...

Postby daullaz » Sun Dec 14, 2008 1:16 pm

You're not even gambling on this site. You're just being duped.

I sat there to watch one of the auctions that had a few seconds left on it to see how high it might go. Now, first know that there is a function called BidButler that allows you to place an automatic bid if you're not the winner up to a certain point (as they have on E-Bay). So, I watched the auction for a Nintendo DS Lite. One user was using the BidButler function, while several more kept jumping in during that extra 15 seconds to up the bid and hopefully win the DS Lite for cheap (at this point, it was only $14 with 15 seconds left on the clock).

Now, consider that the username of the user with the BidButler function activated was named DSLite. One can probably deduce, and if you go on the site and check different products you might be able to confirm, that the people that run the site are also bidding on the products to drive up the price. And going by the rules they've set forth, they can guarantee that they won't be selling any products for less than market price, because if they win the auction all they have to do is not order the item.

This is a complete scam.
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Re: Just when I thought people couldn't be any stupider...

Postby RugbyD » Sun Dec 14, 2008 1:44 pm

the site seems like a great deal for two parties: the owners and the auction winners.

the owners obviously make tons of money.

the auction winners are likely getting an incredible deal on the item. the key to winning an auction is to let everyone else build a sunk cost base that makes it prohibitive for them to keep bidding. this would also require that there be no sham bidding by the company and given the amount of money they are making i would hope they aren't dumb enough to do that.
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Re: Just when I thought people couldn't be any stupider...

Postby The_Show » Sun Dec 14, 2008 2:45 pm

Well you have to admit that is pretty clever since they know not many people will bother doing the math.
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