To me they don't hide anything.
By using the web site you agree to everything in this document.
Nothing hidden here. They claim to be an online PAY PER BID auction site.
Here they explain that you have to PURCHASE bids.
Here they tell you exactly how the auction works.
I use you as a general term meaning anyone and not one specific person.
So they are not hiding a single thing from you. You just failed to read. If you fail to read the terms and just click the box like 99.999999999% of the peoplez on the interwebz. Well you deserve what you get. How can you not figure out that you can't truly get a FN SLP for 3 cents. Just like at qbids, you can't really get a macbook pro laptop for $1. That is a $2k+ laptop.
With this website (guns4pennies.com) as soon as you log in you are meet with a screen asking you to BUY a BID PACKAGE. How can someone not figure out that you have to pay per bid?
I personally don't see it as immoral just because you have to pay to bid on something. People set them up to make money and that is what they are doing.
As for you claiming that I am all for running a ponzi scheme not sure where you get that. In a ponzi you are hiding the fact that you are using money paid into by me to pay someone else back. You are willfully scamming someone. Because if someone knows they are being scammed they will more than likely not get involved with it.
Again with the mortgage. I am by far no investment banker and I figured out that an ARM or an interest only loan were BAD investments. Really all you had to do was look on line for 30 seconds. It is no ones fault but, the person who signs on the dotted line for getting screwed in that deal.
Same can also be said about ebay. I see people on ebay charging $300 shipping on an item that cost $300 then they list the item at 1 cent. Then some yahoo comes in and bids that item up to $400 because they want it so bad.
You can't regulate stupidity. People are stupid and people are greedy.
I will even admin when I seen the first commercial for qbids.com I was at the site before the commercial was over. It took 30 seconds to figure out that you had to pay for the bids then pay for the item when you won.
In my arguments offered here I am in no way expressing that I agree with what they are doing. I don't use sites like this nor would I. Nor would I encourage anyone to use these sites.