[Lucas00]

Terrible news in my opinion. I don't see 2 min bid reset timers ever getting a higher price than what I've seen (and been a part of) sniping auctions with max bids.

The amount of times I've seen an auction jump from $50-$500, $10-$200, no bids at all once to $750 in the last few seconds is insane. These jumps will never happen again. It will just be a few people stuck at the screen bidding a few dollars hoping the other people get bored/busy and leave. Those same crazy last second snipes will instead sell for a fraction of what they should because two people bid a dollar for an hour straight, waiting 1.58 minutes to press $1 bid. Because what would be the point in sniping at all/setting a Max bid early when you could just do the same thing.