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Re:We picked the wrong lawyers for our first startup by ronaldx on Thursday May 29, 2014 @07:13PM (#7819201)
IMHO your way is better because the bids will be more genuine.

The parent way can be gamed: the loser may benefit from deliberately bidding a bit higher than they would otherwise to force the winner to pay more.

(Although you can argue this both ways, and auction theory does, I feel like this quirk could create animosity)

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