What's the deal with quibid.com?

[Gareth]

It's like swoopo.com. Not a scam, just genius marketing on their part. I tried it with a little bit of "free" money I had, but it's just not worth it. There's no way you can know if you're bidding on an auction that will end low and if you come in at the "end", you're competing against people that have so much invested in the auction that if they pull out they just lose it all, so to some extent, they just keep bidding...

Oh, and the auctions can go on forever... You might be sitting in front of the computer for hours upon hours waiting for it to end.