First time user here, to test a little. My main concern... When you use the "proxy" bid, you are sharing information to auction provider, how could we be sure there is no manipulation?
Example:
Actual price 5k
Bet 20k sats proxy (rise up to 20k the bid)
Auction provider knowing this info, bet all the way up to 20k
For sure I was expected to spend 20k, but the "idea" is to get it for cheap
It's how auction works, that for sure, just my 2cents.
First time user here, to test a little. My main concern... When you use the "proxy" bid, you are sharing information to auction provider, how could we be sure there is no manipulation?
Example:
It's how auction works, that for sure, just my 2cents.