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Well... the real problems are:
To "join" you usually have to buy a bunch of "tokens"... So lets say you join for $50. Now you have a lot of pennies. So you bid. But a penny and a token are not the same thing. So you might bid 1 token that is worth 8 pennies.
And what about your unused tokens? They collect interest on that cash along with everyone else's tokens...
Now if you win you might have big out $12. But the way it is set up a total of $500 was bid to win the iPad you got for $84 total on the system. That doesn't add up though. I know! That is why it is a scam...
So each sold item is sold for way more than the market value and then advertised to have been sold for much less. Some sites have computers or house accounts win the item and so everyone bid up the iPad to $450 which only shows $80 in the system and it was won by a house account. Walla... Nobody needs to receive an item and its like minting money!
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