Quote from: microRNA on October 14, 2012, 12:34 ami guess i am wrong, i was basing it off that i thought i had lost money on an unhedged canceled order in the past (not cause of btc value, but could have missed that is was hedged)thanks for correcting/clarifyingi also thought it was the vendor who payed the hedge fee though so i guess i remembered it backward. not a vendor so never payed much attention evidentlyI just spend far too much time here is all. :PAs far as the hedging fee goes, it's paid by the vendor on the successful completion of a transaction. However in the case of a cancelled transaction the fee is still charged because the Bitcoin was being held in escrow and not being subject to Bitcoin value fluctuation.The Bitcoin is returned to the buyer and the buyer pays by way of the hedging fee for the privilege of getting the same amount of Bitcoin back as opposed to getting less back in the event of a price drop whilst the amount is held in escrow; in the case of the last price crash, people would have only received 50% of their Bitcoin back so 4% is, in my opinion at least, a small price to pay on the rare occasion that an order is cancelled. :)