Silk Road forums

Are you sure it wasn't the buy/sell difference that SR uses? I know that when I hedged, the buy/sell difference was quite a bit. So much so that I have discovered that hedging (while in theory a good idea) does not work well for me. For example if i hedged something that I put up for 50 bucks and the buyer clicked received, I would only get about 48 bucks because of the way hedging works (the bitcoin didn't move a cent). Now, if the bitcoin drops like a rock like it has been known to do, well, thats when hedging will save your rear end.

I know when I first hedged, I had SR explain why there was a difference and it was explained to me like any forex type deal, Or mt. gox/trade hill transaction. you always have a buy  and a sell price. When Its hedged I guess there is a hedge/non hedged price. To me, I will risk the volitility of the bitcoin market rather than hedge. I consider it expensive insurance, lol. Its still great that it's available, I just wish it was a little cheaper and had the ability to chose which products you want to hedge rather than hedge everything or not...

It was actually a pm to you mseller, but in a nutshell,  it would be an insurance pool. I realize that SR will only give 50 percent back to the vendor or buyer. So, there are a lot of factors that would be needed. The pool administrator would have to have access to the insured transactions. But, a buyer could purchase it and a vendor could purchase it. It would pay up to 50 percent of the transaction on the insured side. So, Lets say something got nabbed at customs and the buyer purchased insurance and the buyer would only give 50 percent of a refund or SR said 50 percent was ok, then if they purchased insurance that would cover the remainder that wasn't given.

The biggest factor to over come is scammers abusing the system. That may be enough right there to go no further. But, I do see it as a possibility on certain types of transactions and only insured on certain types (verifiable) incidents. Maybe It should start out as that type of insurance only. Then move forward from there. If insurance is purchased, the claimant would have to provide proof of non-delivery,etc(love letter). This is the main reason I don't purchase/vend to other countries, even though the vast majority of deliveries make it, i dont want to be held responsible for the few that don't..

this would take a lot of thinking, a lot of work, etc. so much so, that I don't know if its worth it.. But, it would be a good idea. I would pay a 10 percent (or whatever) premium to give me peace of mind that if it doesn't make it that I won't lose all or half my money.

I don't think an insurance type program would work for every instance, just because there are so many people would take advantage of it.  But, if it were to start out small, maximum dollar amount per claim and started out with overseas/customs incidents, it just may work...Im pretty sure that 90 percent of all packages make it through customs, (more likely closer to 95 or higher)...

Oh, I will get an ipad as well. There are lots of great programs already made for webos. I just want one to use for video and other things. If I can get below 200 bucks, it will be well worth it. So, if anyone sees one that is below 200 bucks, please let me know.. I want the 32gb version. They should be around the 150 dollar price, but as long as its close to that is all that i care about..

But, yea, I wouldn't pay 500 or whatever they wanted, just for the plain fact that the majority of the programs wont be available to me, but 150? ill take one....

If you are using a trusted vendor then there shouldn't be any issues with using a name that is almost spelled correctly. The post office may  not deliver the item if the name that is used doesn't belong there. In fact, I will not send to a name that is obviously fake.

Or phubaiblues method of finding houses/apartments that were not  being rented at the time and using those. Thats just asking for the package to be returned and when its returned its not going back to the vendor, its going to an unsuspecting business.

Always use and address and a name that you are 100 percent confident that it will arrive safely. If you are unsure, then send yourself a test letter. if it arrives safely then most likely you are ok..  Many vendors will use delivery confirmation. This is not tracking but a way to prove that the item was delivered. You wont have to sign for it..Basically its paying 60 cents for peace of mind...(But, you cannot use DCN on a letter, it needs to be a bubble wrap package)

I Yesterday I had this issues, but I just reloaded everything and it worked great. I have done everything I can think of and still have been able to log in 1 time out of about 30 attempts.. Obviously, the market is having an issue. (probably had somewhat of an issue this entire weekend) so, nothing to do except wait til its fixed.. Ill also keep trying all the tricks..

I received a response regarding buyers feed back. SR says its the first thing on their to do list/priority list. Im sure it won't be a cure all, whatever they come up with, but at least it will be a first step...

I've been waiting on an order for at least 3 weeks, going on 4 now at least (from over seas). It can take them 4-6 weeks to send a love letter. They usually will send you something along the lines of "We found a substance that we cant identify or have determined it to a be unlawful, you have X amount of days to contest this" more or less, that's, what a love letter says.

I have only received one in the last 20 years and I just didn't respond to it.. Unless you ordered something that  is 100 percent legal and they must of made a mistake, then I would leave it alone...

Best advice. Let it go when/if you receive that letter and never sign for anything that would be considered illegal..