Silk Road forums

Discussion => Silk Road discussion => Topic started by: Rage on July 17, 2011, 06:55 pm

Title: How good is escrow hedging working?
Post by: Rage on July 17, 2011, 06:55 pm
So I just read SR's announcement about escrow hedging and it sounds pretty cool. Has anyone actually used it? Is it working pretty reliably?
Title: Re: How good is escrow hedging working?
Post by: Dread Pirate Roberts on July 18, 2011, 04:37 pm
from our end, it appears to be working well.  With a little more time, we'll see more hedged transactions being finalized and will have some data to look at to make sure everything is balancing as it should.  Once we're comfortable with it, we'll announce it again and remove its "experimental" status.
Title: Re: How good is escrow hedging working?
Post by: anarcho47 on July 19, 2011, 06:27 pm
Working well for me :)
Title: Re: How good is escrow hedging working?
Post by: blueberry on July 23, 2011, 04:36 am
Yeah, I noticed on my buy from anarcho47 that it showed you had the hedged escrow option. I mean, I buy my bitcoins the day I am ordering the product, so if I expect to pay, say 100$ for something, this way, anarcho47 gets 100$ for it, you know? rather than anything else. Although, we did put this one outside of escrow by doing a direct buy sort of thing so he got it all straight aways anyhow, but I won't be comfortable doing that with every first-time buy I make.
Title: Re: How good is escrow hedging working?
Post by: PotHead on July 25, 2011, 06:32 am
I was wondering, how do you know if an item is hedged or not? Does it tell you when you add it to your cart or something?
Title: Re: How good is escrow hedging working?
Post by: todamnhellit on July 26, 2011, 04:43 am
Quote from: PotHead on July 25, 2011, 06:32 am
I was wondering, how do you know if an item is hedged or not? Does it tell you when you add it to your cart or something?
While adding an item to your cart, it specifies if it's hedged or not.
Title: Re: How good is escrow hedging working?
Post by: trance9 on July 26, 2011, 04:22 pm
Quote from: todamnhellit on July 26, 2011, 04:43 am
Quote from: PotHead on July 25, 2011, 06:32 am
I was wondering, how do you know if an item is hedged or not? Does it tell you when you add it to your cart or something?
While adding an item to your cart, it specifies if it's hedged or not.

I don't get it - why does the buyer care?
Title: Re: How good is escrow hedging working?
Post by: Dread Pirate Roberts on July 26, 2011, 05:27 pm
Quote from: trance9 on July 26, 2011, 04:22 pm
Quote from: todamnhellit on July 26, 2011, 04:43 am
Quote from: PotHead on July 25, 2011, 06:32 am
I was wondering, how do you know if an item is hedged or not? Does it tell you when you add it to your cart or something?
While adding an item to your cart, it specifies if it's hedged or not.

I don't get it - why does the buyer care?

If they get refunded fewer/more bitcoins, they'll know why.
Title: Re: How good is escrow hedging working?
Post by: PotHead on July 29, 2011, 01:42 am
Quote from: Silk Road on July 26, 2011, 05:27 pm
Quote from: trance9 on July 26, 2011, 04:22 pm
Quote from: todamnhellit on July 26, 2011, 04:43 am
While adding an item to your cart, it specifies if it's hedged or not.

I don't get it - why does the buyer care?

If they get refunded fewer/more bitcoins, they'll know why.
Also because if a buyer buys something, and the value of a bitcoin goes up by the time they finalize the order, then the seller will only get enough bitcoins to equal the price they listed the item at. The extra leftover coins are returned back to the buyer. Who wouldn't care about that? :)
Title: Re: How good is escrow hedging working?
Post by: g4bb3r on July 29, 2011, 01:57 am
I refuse to use it, having everyone's money temporarily in a central MtGox/TH account is horrible in terms of security.
Title: Re: How good is escrow hedging working?
Post by: loginathome on July 29, 2011, 05:36 am
Haven't purchased anything yet, But I'd rather have the money in SOMEONE ELSES account than my own. 
If everything is encrypted, then It would probs be safer using hedging.

But what do I know.

PS I'm lazy, so assume that CAPS == Italics for this post.
Title: Re: How good is escrow hedging working?
Post by: zippo0134 on August 02, 2011, 12:50 pm
Can someone please explain me what hedging is? Or point me towards a tut please. Sorry, i'm new here. :(