P99 Auctions is Closing

[Tuurin]

Originally Posted by maskedmelon [You must be logged in to view images. Log in or Register.]

Exactly ^^ It is nice to be able to share info or have somethings that make it easier to buy and sell, but p99auctions became just a tool for a few people to institute their own pricing schemes. It certainly made the market more efficient, but also fixed prices to whatever someone felt like /aucting once per day on a couple different toons.

You do realize that "price fixing" got much easier now, right? The EC bandits can now just run private parsers to do the exact same thing that p99 auctions did, but only for themselves. P99 auc made everything more transparent and made the buy/sell game much more difficult. Without it the tunnel rats have a huge advantage.

[Spyder73]

Originally Posted by arsenalpow [You must be logged in to view images. Log in or Register.]

This is why p99 can't have nice things.

You destroyed the rotation

[gildor]

I am going to tinfoil hat here and say nilbog and rogean did this. #notclassic ?

[Fani]

What a great day for Sprawlz! and a sad day for the rest of the com...

[Sprawlz]

Originally Posted by Fani [You must be logged in to view images. Log in or Register.]

What a great day for Sprawlz! and a sad day for the rest of the com...

Actually, not really.

First, I'm retired from tunnelquesting. My goal was to make enough money to acquire a few items and that goal has been reached.

Second, p99auc - in my opinion - benefits tunnelquesters. I know I used it extensively to decide on the stance to take on any item that went through my hands.

Also, p99auc benefited tunnelquesters in another way. It kept items from losing value too fast. Any tunnelquester is facing the stock depreciation problem - to maximize your opportunity count, you need to maintain a healthy inventory of items, each of them slowly losing value to deflation.

p99auc helped slowing that deflation down (casuals wouldn't be selling their stuff cheap as they knew what it was worth).

I highly doubt someone went as far as launching a DDoS attack on the site just because they thought that would help them flip stuff in EC.

[Baler]

Why it doesn't matter if this website goes away.

http://www.project1999.com/forums/forumdisplay.php?f=27
http://www.project1999.com/forums/search.php

[arsenalpow]

It costs money to DDOS, which means someone has a financial incentive to crash the site. Spending money to DDOS might increase someone's RMT opportunities so it's a net gain overall.

[Lojik]

People who think that p99auctions was helping tunnelquesters...lol. Tunnelquesting is all about arbitrage/differing levels of information. Was the info on p99auctions 100% accurate 100% of the time? No, but this is was a great source of information that was lost, especially helpful for people who aren't in the tunnel all day monitoring prices.

Could people skew auctions by auctioning fake prices? Yeah, but from what I saw this wasn't too common. Even so, it would skew the avg price but I'd usually just look for the lowest price that someone was WTS at (If Canni IV had an avg price of 22k, but you saw auctions at 14k and up to 27k...you can figure out what's happening.) Usually the people trying to screw you don't advertise prices, and 99% of the time someone told me that the auction sites prices weren't accurate, they were trying to screw me. A sad day IMO

[Sprawlz]

Originally Posted by Lojik [You must be logged in to view images. Log in or Register.]

People who think that p99auctions was helping tunnelquesters...lol. Tunnelquesting is all about arbitrage/differing levels of information.

I was a tunnelquester and I guarantee that p99auctions helped me a huge lot.

It was a great way to know exactly how much and which information about a trade a particular casual had, and work with that to your advantage.

[xKoopa]

This site made people think i was some kind of fatcat for not listing prices but i was trying to sell for whatever people offered :/