Silk Road forums

Discussion => Silk Road discussion => Topic started by: kirby12 on July 07, 2013, 07:43 pm

Title: New vendor bonds not hedged?
Post by: kirby12 on July 07, 2013, 07:43 pm

Just got my new vendor bond refunded and of course lost half my bond due to btc drop.
Why would they not hedge the bond??
Am I wrong?
It just feels wrong that I am giving sr commissions and then I lose half my bond.

Title: Re: New vendor bonds not hedged?
Post by: Jack N Hoff on July 07, 2013, 07:46 pm

It's not hedged.  They hold your bitcoins and return the exact amount of bitcoins.  It has worked in many vendor's favor before too.  I've seen people refunded $5,000 of bitcoins.

Title: Re: New vendor bonds not hedged?
Post by: astor on July 07, 2013, 07:46 pm

That's correct, it isn't hedged.

Title: Re: New vendor bonds not hedged?
Post by: kirby12 on July 07, 2013, 07:53 pm

Oh well.
Thanks for the answers guys.
I think they should atleast let new vendors know that the bond is not hedged.  :(

Title: Re: New vendor bonds not hedged?
Post by: farmer1 on July 08, 2013, 07:07 pm

Congrats on getting your bond back! It is great to have a new legit vendor here. You must be doing something right.

Welcome to the world of the vendors. If you are successful here I guarantee you will lose much more then $250 to bitcoin in your future.  ;)

Best regards.