Early Designs of Automated Trading
Like the concurrent eBay internet auction system, sellers uploaded inventory to a database, buyers browsed inventory online, submitted bids online and received invoices automatically. Buyers then paid Sellers, Sellers shipped goods to Buyers and the Hobby Markets billed the seller a commission.
Hobby Markets introduced a number of innovative features to online auctioning including the first system for automatically increasing bids, SmartBid, and the first bid status feature, both of which were introduced in April 1996.
Read more about this topic: Hobby Markets Online
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Early to bed and early to rise
Make a man healthy and wealth and wise.
As if it were any object to a boy to be healthy and wealthy and wise on such terms.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
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—Sarah Fielding (1710–1768)
“Nature is a self-made machine, more perfectly automated than any automated machine. To create something in the image of nature is to create a machine, and it was by learning the inner working of nature that man became a builder of machines.”
—Eric Hoffer (1902–1983)
“His farm was “grounds,” and not a farm at all;
His house among the local sheds and shanties
Rose like a factor’s at a trading station.”
—Robert Frost (1874–1963)