Rent A Coder: Prosper clone for $250

Someone from New Jersey with the username luxor has created a listing on Rent a Coder to build a clone of using PHP and MYSQL.

The bidding started on June 26th. Although the bid request was open until July 10th it looks like the requester has already selected someone to complete the project. A total of five people bid on the project and requested payment between $108-$3,500. Luxor selected Hiren Kotadiya from India to complete the project for $250. He will be expected to create a "working, stripped-down version of" by July 27th for $250. If he is successful, I think that luxor is getting quite the deal. Is this going to be a Prosper competitor or is the buyer looking to create a different site with similar functionality?