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Markerbids.com biggest waste of time? Rate Topic: -----

#16 User is offline   ger 

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Posted 13 February 2011 - 05:38 PM

I don't care for it at all. But Mike didn't invent this type of website, pennybid sites are all over the place & will keep popping up until the regulators start... well... regulating. Mike even says in his "How it Works" section, I'm paraphrasing, that at the time he created the site it wasn't considered a gambling site by the governing bodies that regulate casinos & online betting sites. I'm not saying it isn't gambling, but the institutions that enforce the laws & regulate gambling don't consider it gambling... yet.

Most of the time Mike is making a killing, but a lot of items go for well under their value. The recent Damage NT is a huge win for Mike at 4x the original price. But last week a DYE NT went for something like $6.00, which means a $1000 loss on the MSRP of that item.

Truthfully: I don't feel bad for anyone who spends $80 on bids trying to get a Rotor hopper then loses to someone who picked it off at the end. Anytime you lay money down you better know what you are doing. On the surface it seems great but in reality the only side that makes money is Mike "the house" Phillips, and the house always wins.

In the end, to me, it's less about whether or not it's fair, but more "is it ethical". My opinion = no.

This post has been edited by ger: 13 February 2011 - 05:39 PM

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#17 User is offline   Mobles 

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Posted 13 February 2011 - 05:43 PM

if people do it then thats there fault...seems like a good way to make money to me

This post has been edited by Mobles: 13 February 2011 - 05:44 PM

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#18 User is offline   Puzuma 

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Posted 13 February 2011 - 06:00 PM

Those of you saying it's ok are forgetting one thing though.

How old is Mike's fan base? The people that are going to be bidding on this stuff? I have zero issue with adults wasting money on a scam, they should be able to see it.

But kids? That's the problem. how many of them from TPB are going to use that site simply because Mike says it's ok?
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#19 User is offline   cdrinkh20 

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Posted 13 February 2011 - 06:06 PM

For clarification, I didn't say it WAS a pyramid scheme... it's just one of those things they convince people of how great it is when really there's no "easy" way to get rich, etc.

Wow, this person only had to bid $65 to win this marker...! (but he paid $1000 in bids)

Ie. Wow, you just pay this one time entrance fee of $300 but you get $175 for every sucke...er, friend you recruit!

EDIT: As for kids, it currently requires you to be 18... but it's really not very hard to get by the age filter when you can just put "I was born on the very edge of the age date"

This post has been edited by cdrinkh20: 13 February 2011 - 06:16 PM

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#20 User is offline   IrishMack 

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Posted 13 February 2011 - 06:11 PM

I have to agree with you there Puzuma, I mean, if I had seen that site, 2-3 years ago, I probably would have been ecstatic, especially if I was a fan of Mikes, which I'm not but, if someone I respected was in charge of the site...plus, the whole concept of a dollar spent regardless of win or lose...that' something I wouldn't really have grasped yet.
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#21 User is offline   Puzuma 

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Posted 13 February 2011 - 06:34 PM

To sign up it says you need to be 18+. How hard is it for anyone to click "Yes I am"? Kids do it all the time.

I've logged into alcohol sites and put my info in but have never gotten anything as an attempt to confirm my age. I doubt Mike works any harder.
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#22 User is offline   cdrinkh20 

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Posted 13 February 2011 - 06:43 PM

Puzuma, on 13 February 2011 - 06:34 PM, said:

To sign up it says you need to be 18+. How hard is it for anyone to click "Yes I am"? Kids do it all the time.

I've logged into alcohol sites and put my info in but have never gotten anything as an attempt to confirm my age. I doubt Mike works any harder.


He doesn't. Hell, it's even a contentious issue with research ethics... online surveys have been shown to be no less reliable than regular in-lab surveys, etc. but they can't guarantee they are getting informed consent because it's difficult to stop minors sometimes.
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#23 User is offline   ger 

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Posted 13 February 2011 - 09:40 PM

Puzuma, on 13 February 2011 - 08:00 PM, said:

Those of you saying it's ok are forgetting one thing though.

You may or may not have directed that (partially) at me, but I'll respond w/ a little more clarification on my position

ger, on 13 February 2011 - 07:38 PM, said:

In the end, to me, it's less about whether or not it's fair, but more "is it ethical". My opinion = no.


I'm not saying it's ok so much as I'm saying it's not illegal or even a scam. You're right, there may very well be a bunch of "kids" blowing money trying to get a pod pack or mask owned by Mike, and it's a shame that anyone loses money that way. But, there are plenty of ways for kids to get into trouble faking their age on the internet. If a 13 year old kid decides to spend his birthday money "not-gambling" & ends up losing $50 you can't lay all the blame on Mike for that. The kid himself & his parents need to shoulder the blame. I don't mean to sound cold, that's just how I see it.

I can't get really pissed at Mike for raising/making money on the internet. He spells everything out pretty clearly in the "How It Works" & "Autobidder Help & Strategy" sections of the site. Though as I said, I don't like the site & feel it is an unethical way to practice business.

DISCLAIMER: I don't particularly like Mike either, so please don't see me as one of his Kool-Aid drinking lemmings ;). I spend no time on his forum unless it's to browse the B/S/T or glean info from all the sub-forums or his videos (though I don't care for the bad language). I have the same feelings about pbn. There's certainly a very low level of maturity at both of those places & unfortunately that's not at all dependent on age.
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#24 User is offline   Thumper113 

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Posted 14 February 2011 - 02:59 AM

Puzuma, on 13 February 2011 - 05:22 PM, said:

SCAM!!!!
Why the hell would you go to ANY auction that requires you PAY $1.00 for every bid you make? That extra $50.00 you spent could have been a win on ebay.

not when you place 2 bids and win a gun for $3.58

my friend spent less then $6.00 on a used marker..
Here is his unboxing video

here is him shooting it

LEGIT

the real morons are the ones that autobid like crazy.

and its not a scam if you actually receive the product you won.

Puzuma, on 13 February 2011 - 07:34 PM, said:

To sign up it says you need to be 18+. How hard is it for anyone to click "Yes I am"? Kids do it all the time.

I've logged into alcohol sites and put my info in but have never gotten anything as an attempt to confirm my age. I doubt Mike works any harder.

Neither do porn sites..

we all know confirming age is an issue online, so if its such a huge problem, why is anything that you have to be a certain age to do still on the internet?

Puzuma, on 13 February 2011 - 07:00 PM, said:

Those of you saying it's ok are forgetting one thing though.

How old is Mike's fan base? The people that are going to be bidding on this stuff? I have zero issue with adults wasting money on a scam, they should be able to see it.

But kids? That's the problem. how many of them from TPB are going to use that site simply because Mike says it's ok?


I'm 21 years old.... majority of the guys i play with over on that forum are in their mid 20's .. we all think Mike is a pretty cool guy.. and some of the guys that can afford to bid on stuff on marker bids..

and btw, you do need a pay pal account, so if your little 12 year old is bidding money away.. that paypal account is linked to either a credit card or bank account.. and if you fail to see the charges in the statements.. you fail at being a parent.

This post has been edited by Thumper113: 14 February 2011 - 03:35 AM

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#25 User is offline   Mike Phillips 

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Posted 14 February 2011 - 07:55 AM

it's funny the same people who mock my viewers as "fanboys" and "emo kids" are now coming back to protect them from my "new website".

First it was "oh they are just a bunch of idiot kids who watch Mike's videos", and now it's "Ohh the poor, sweet innocent children who watch Mike's videos! those poor wittle buh buh buh babies"

Let me explain the psychology behind TechPB-

1) I swear in my videos, to purposely turn off "parents" from watching them
2) This leaves with me the direct decision makers, as in people who are making their own money, and have the power to spend their own money
3) Most people who are WORKING, are over 18 and have the ability to spend their own money

People always throw the "the poor innocent children of paintball" attack at me and I just laugh.

You have to be 18 to use my site. And not just like a "porn site" where you have to click a box that says "Yes I'm over 18", you also have to have a paypal account (which you also need to 18 to have). If Paypal can't stop underage people from creating accounts, how am I going to do? Start asking for drivers licenses? Fingerprints? Start doing background checks and credit checks of all the people who visit the site?

There is NO LAW that says you have to be 18 to use a "pay per bid" or "penny bid" website, it was an internal decision by me, to make the site 18 and up. I could make the minimum age 10 years old with no consequence. The "litmus test" is having a paypal account. You can't do anything on Markerbids without one. This is why we stopping giving away free bids and forced people to purchase a bid pack in order to verify that they have a paypal account. And if they have a paypal account (and Paypal requires you to be 18), that's good enough for me.

If you want to consider it gambling, that's fine. I'll sleep very well at night running a legitimate gambling website. I've spelled it all out in the "how it works" which is required to read before signing up, and I've even gone into great detail showing how the site works, the risks associated with using it, and have even created a forum where people can ask questions. How many pay-per-bid sites have a public forum?

Yes it's profitable, if it wasn't profitable I would close the business down. I've spent probably $20,000 in ebay fees over the past 3 to 4 years, selling my items used for TechPB on Ebay. How come no one is coming to bat for me and my $20,000 in Ebay fees?

We all concerned about some 16 year old losing $10 on my site, but no one seems to care about the $20,000 I lost selling items on Ebay while making videos?

Everyone laughed when I told them my goals for my site and my community. It was the joke of the year in 2008 when I laid out my vision.


I don't hear anyone laughing now

This post has been edited by Mike Phillips: 14 February 2011 - 07:58 AM

Yes, I already know that profanity is not allowed on this forum
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#26 User is offline   ger 

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Posted 14 February 2011 - 08:52 AM

Thump, did you tell on us? Just kidding man :laugh:

First after Mike! (BTW - nice sig)

You are a controversial guy & have basically founded a whole community based on that. Your new site is new & causing waves so that's what everyone is talking about. Yes, eBay is a rip on the sellers end, no doubt. But that's old news, plenty of folks have ranted about that over the years. As for your comments re: your "auction" site, can't disagree. You've done your due diligence in creating a legitimate website, there's only so much you can do to control the age of those using your site. Personally I don't use the markerbids site because I don't like the format - I don't mind gambling, just not this type.
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#27 User is offline   Puzuma 

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Posted 14 February 2011 - 09:19 AM

It's not just your penny bid site that's a problem. The entire concept is messed up.

I really can't understand how you can justify someone spending $100.00 in bids to raise the price of a $40.00 item to win it for $3.50. Yeah, you MIGHT get lucky and win that $2500.00 item for $3.50 but how much do you spend trying to get lucky?

As for paypal being the litmus test... How many kids have access to a parents account? I know age verification on line is virtually impossible.

As for you losing $20K in ebay fees, that sucks. But as you say, "It's all spelled out on the site". You're an adult, you knew the risks and costs.

Internet + Auction = rip off.
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#28 User is offline   Eskimo 

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Posted 14 February 2011 - 09:51 AM

he doesn't have to justify it. mike just said it in plain sentence, its used to make him money.

the people bidding have to justify it, and alot of them are.

internet + Auction = Business.
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#29 User is offline   Puzuma 

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Posted 14 February 2011 - 11:12 AM

That was a general you, not a specific you.
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#30 User is offline   Zz Loth zZ 

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Posted 14 February 2011 - 11:15 AM

Puzuma, on 14 February 2011 - 11:19 AM, said:

It's not just your penny bid site that's a problem. The entire concept is messed up.

I really can't understand how you can justify someone spending $100.00 in bids to raise the price of a $40.00 item to win it for $3.50. Yeah, you MIGHT get lucky and win that $2500.00 item for $3.50 but how much do you spend trying to get lucky?

As for paypal being the litmus test... How many kids have access to a parents account? I know age verification on line is virtually impossible.

As for you losing $20K in ebay fees, that sucks. But as you say, "It's all spelled out on the site". You're an adult, you knew the risks and costs.

Internet + Auction = rip off.


Sure a lot of kids have their parents paypal account, but that's up to their parents to govern, it's not Mike's problem. Personally I have never tried markerbids, or pennybids, but that doesn't mean that they are ethically wrong. I am just not the type of person to take huge risk, and when I take risk I do normally end up losing money. But that doesn't mean that the site should be shut down, it's legit and Mike tells people exactly how it works.

I am currently attending college, working two different part time jobs, doing webdesign on the side, and I am 17. I believe that even minors are old enough to choose how to spend their money; minors will either manage their money wisely, or they will blow it all, but they might as well learn sooner than later.
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