I've got another blog entry on Project Wonderful on my main blog, discussing what I and others perceive to be a trend towards far lower bids than in the company's early stages. In this one, I'm taking some thoughts from Matt Skala who predicts PW will evolve towards a steady state as a free banner exchange.

I'll probably do a follow-up later this week on the role of groupthink in the bidding process and how the perception of a downward slide may accelerate it. If it turns out to be interesting enough by the time I've thought it through, that is.