Silk Road forums

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Hey gang, sorry for the outage there with the forums.  We should be good to go now
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try restarting bitcoin, try not going through tor.

if you ever lose your password, just make a temporary account and message us on the main site with your account details (balances, open orders, etc) and we'll do a password reset and send it to the temp account

***Update***
It has been about a month and a half now since we introduced the hedged escrow feature, and I am happy to say it has worked really well!  If you don't know what that is, check out the buyer's and seller's guides.  There has been plenty of market volatility over this time and the system has balanced out irregardless of what the exchange rate has done, exactly as it should.  We've been tracking all of the numbers, and have found that sellers will lose about 4% of their payment when using the escrow hedge.  This is due to the bid/ask spread and slippage in the markets, especially at times when the bitcoin markets are thin.  Basically, when the payment is hedged, the lowest available "ask" prices adding up to the price of the order are used.  Then, when it is unhedged, the highest available "bid" prices adding up to the price of the order are used.  So, if you are willing to forgo this 4% or so, or raise your prices by 4%, for the security and predictability of being protected from exchange rate fluctuations while your payments are in escrow, then I recommend you enable escrow hedging on your settings page

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Probably the longest standing and most important feature request to date is finally here.  Sellers now have the option to hedge their escrow balances against fluctuations in the BTC/USD exchange rate.  Our hope is that this will bring some much needed predictability and stability to the transaction process and allow sellers to price their items with confidence.  Detailed explanations can be found in the buyer's and seller's guides.

Please note that this feature is experimental at the moment and we reserve the right to deactivate it without notice.  Deactivating won't affect current hedged orders.  It will only prevent future hedging.

cheers

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so sorry, we've fixed the error now.

if you're using the firefox tor browser bundle on widows or linux, ctrl+f5 seems to refresh the forum to an up-to-date view.

Quote

So let me introduce a twist to the idea, and tell me what you think... the money you spend to upgrade your account is refunded. It could be a nominal refund, on a per-transaction basis. For every satisfactory transaction, 1 BTC or 0.5 BTC (whatever) is refunded. It could be that 100% of the original investment is refunded, or it could be that only part of the total investment will be refunded. That I'll leave up to the accountants of SR to decide how much profit margin they wish to keep. )

The point is, it wouldn't seem so negative to pitch in 10 BTC to become a seller, if you thought that you would have some of that cost returned to you after each successful transaction (regardless of your profit margin). This would a) set up a good seller habits for new sellers, who are seeking satisfactory feedback on transactions to earn back their investment, and b) encourage longer term sellers if they realized that they would need to sell at least X amount of items to recoup their original investment cost. This would discourage people from signing up for seller accounts if they only wish to sell one or two items. This would also increase the average feedback of any given seller, since they would seek to stick around selling at least for enough transactions to recoup as much of their original investment as they could. And of course, that is better for buyers, because then a buyer would have more information to use to choose reputable sellers.

whistler - interesting idea. i also think it will help to attarct more serious sellers.

this is a pretty good idea.