P99 Auctions is Closing

[thufir]

the various points about information and lack thereof are on target.

as any trader knows, you want less information to be available to your opponents than what you have available to yourself.

p99auctions was a public aggregator site, with its information available to all. now that it is down everyone loses information, but those who had less information (traded less often) suffer most, since this information bloc represented a much larger percentage of their total knowledge than it did to an experienced tunnelquester. that this information could have been manipulated by others is not relevant. those same people will be able to manipulate information in their private trades more easily now, because this site isn't around to contradict them.

again this is not rocket science. it's how you trade and make money, by gaining informational advantages over others.

so, yes. a sad day for the non tunnel people. but hey, being a trader in this way is some classic shit. we'll learn to live with the middle men taking larger cuts / being cheated harder (depending on your perspective).