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RE: Welcome to the daily report of #steembay! (2018-06-11)
We are thinking how to implement it. At the moment the "buy it now" could be faked by simply using the "end auction" command, when your "buy it now" price is met. The highest bidder will be announced as winner. If you cancel the auction, all bids will be revoked and no winner will be announced.
Timing is a difficult thing on the blockchain...