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Silk Road Discussion / Re: The rationale on FE and why to NEVER DO it or REQUIRE it
« on: January 08, 2014, 10:31:06 pm »From someone who has lost 6 figures in the past month due to the usage of escrow systems, I must say that this post is highly irrelevant and purely based on semantics.
You would have to be utterly stupid to F/E for a new vendor with no feedback, and just as utterly stupid to think that a vendor who has 100+ transactions with 100% positive feedback is going to risk his possible 7 figure salary to fuck one person.
You are not analyzing the facts from both perspectives because you've never been a vendor so you cannot.
So lets analyze:
Risk on the buyers end to F/E is based upon the actions of the vendor they are dealing with. Is the vendor honest? Does he have feedback to support his honesty? Transactional volume combined with feedback? Substantial history within the deepweb markets?
Things you cannot prevent:
Exit scams. Closing of the site due to 'hacking' or 'fbi shut down'.
Yet ironically, the ONLY reason that my customers from BMR/TM got their product was because they F/E'd. 99% of those who did not finalize early and their funds were left in limbo did not get their products from vendors all across TM/BMR.
Now, how do you think it feels as a buyer to have your money stolen? Pretty shitty right? To have your funds tied up in escrow and BAM the site goes down, or 'gets hacked' and suddenly the vendor has no chance of getting his funds so why the hell would he ship your product?
Your ignorance of the reality of the fragality of the deepweb markets astounds me. Have you been living underneath a rock? Nothing is stable, and everything is plausibly compromised or targetted to the point where a 'shut down' could occur at any moment. And YOUR funds in YOUR wallet as a buyer is just as susceptable as MY funds in MY wallet.
The escrow system is a valuable tool for resolution between buyers and sellers, but the MAIN POINT here is that regardless of the situation it is ultimately up to YOU to determine who you buy your product from. Are you going to buy it from someone who is reputable, or are you going to penny pinch and take a risk with someone who has no reputation?
Sadly, it is the ignorance of users like you that sets my business up for failure. If I do not use the escrow system, as a BULK dealer then no one wants to risk that large amount of money for F/E unless they are previous customers. This mean's that by requiring F/E I loose all potential new business and things are slow as shit.
So im forced to use the escrow system, to risk (again) 6 figures of money that could at any moment come crashing down and topple my business flat on its ass and set me back to scratch for the THIRD time since i've started vending. Imagine working for a entire year, only to get scammed, loose all your money, start over, get scammed again, loose all your money, start over and get scammed again?
Please be responsible in all of your actions. There are times to consider F/E and there are times to use the escrow system, but your lopsided viewpoint that you should 'NEVER F/E' is ignorant at best.
People do selective scam. Even well established vendors. You must understand buyer's hesitation to FE for anyone at the moment with the scams happening recently.
On a side note, I love seeing yours posts just because of your avatar. It's bloody awesome. +1
