It subverts the entire auction process, along with allowing supposed shillers to throw up bids acting as "hidden reserves", with no repercussions whatsoever when they cancel their bids right after the auction ends.
As usual, it also creates more animosity between buyers and sellers, when it becomes more and more difficult to tell what is a shill bid, and what is just part of standard bidding procedure.
It also lends more credence to serial retractors, who are not actually shillers, but have become savvy "bidders", creating doubt in the auction system, manipulating auctions to serve their own purpose, whether it be financial or simply egotistical.
Plenty of honest sellers will suffer when accusations start to get thrown their way, because of these jag-offs, who will go from thoughtlessly throwing out bid retractions on the last day, sending an item tumbling downwards, to throwing out cancellations on the hour after an auction closes.
Ebay creates all these loopholes, and then play f@#*ing stupid when people start to take advantage of them.
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