Silk Road forums
Discussion => Silk Road discussion => Topic started by: ItalianMafiaBrussels on February 24, 2013, 11:29 pm
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I asked our dear admin inigo about it when i joined, he said i needed 35+ succesful transactions, few days later i had it, and now he replied:
The new requirements are that you must get your bond refund first, then you can have access to the vendors forum.
What does our dear admin mean, whats a bond refund? :-\
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Did you start your vendor account when the price rose to $500? If so, you should have been able to get your bond refunded after a certain amount of earnings / transactions.
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Did you start your vendor account when the price rose to $500? If so, you should have been able to get your bond refunded after a certain amount of earnings / transactions.
Yes I did pay around that ammount of money (it was like 350-400 EUR).
Thanks for the quick reply, then where do i apply to get it refunded, and howmany earnings/transactions do I need to have?
Thanks a lot scout :-)
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go here to request a refund:
http://silkroadvb5piz3r.onion/account/bond_refund
then read this:
http://dkn255hz262ypmii.onion/wiki/index.php?title=Vendor_roundtable
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go here to request a refund:
http://silkroadvb5piz3r.onion/account/bond_refund
then read this:
http://dkn255hz262ypmii.onion/wiki/index.php?title=Vendor_roundtable
You're a genius.
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Thanks for the links.
To be eligible for a refund, you must have completed at least 30 transactions totaling $1,500 or more and have been a vendor for at least 6 weeks.
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I've been a member before Dec. 10th 2012 and I can't get a refund. And I want to sit at the round table... It wont let me though...
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So if we are not eligible for a bond refund because we created our account before Dec 10th, then do we not get to join the vendor round table?
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I'm in the same boat, account created before December 10th. Wrote inigo twice, haven't gotten a response back either time.
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It is up to inigo's discretion as to whether or not a member is given access to the vendor forum. The best and only thing you can really do is to send inigo a message and see what he does/says.
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Where can I find inigo mateys??
and why is it that people who have started their account before December 10th get a refund and we guys who became vendors before that don't??
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Where can I find inigo mateys??
and why is it that people who have started their account before December 10th get a refund and we guys who became vendors before that don't??
Because that's when the vendor account cost increased. You can find inigo by sending him a message here.
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Hi,
that's disturbing news. I don't see why an increased bond for future vendors would make old vendors non eligible for their past bonds.
If the bonds were exposed, which is what I read, by December 2012 bonds paid in mid 2012 were worth almost double the 500$ of new bonds. How is taking this money justified and what is it used for?
omnis
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Hi,
that's disturbing news. I don't see why an increased bond for future vendors would make old vendors non eligible for their past bonds.
If the bonds were exposed, which is what I read, by December 2012 bonds paid in mid 2012 were worth almost double the 500$ of new bonds. How is taking this money justified and what is it used for?
omnis
Vendors who paid $150 didn't purchase a bond, they paid a fee. There is a distinct difference between the two; the bond is different from the fee in the sense that it is held by Silk Road to ensure that a vendor does not scam buyers, the caveat being that if the vendor does scam buyers they will not get their bond back. The fee was simply an amount of money paid to Silk Road in order to contribute to the running and upkeep of the site, and being a fee - by its very definition - was non-refundable. A bond, by its definition, is refundable or exchangeable to the value of the bond.
Previously to the bond being brought in instead of a vendor fee, the vendor fees were used to pay for server costs etc., until the fees grew large enough to be able to support the site without the need for a vendor fee.
Silk Road did not 'take' your money, you paid it to them willingly in order to purchase vending privileges. If the bond system were to be applied retroactively then Silk Road would have to pay out an incredibly large amount of Bitcoin to all previous vendor account holders, possibly bankrupting Dread Pirate Roberts as some vendors paid 50+ BTC for their account when prices were ~$3.00. Those 50 BTC would now be worth $8,248.00, and having to refund hundreds, if not thousands of vendors BTC at today's value would mean no more Silk Road.
As stated, the vendor fees were cashed out and used to pay for the actual running and upkeep of the site. The vendor bonds are simply held at an address thereby making the volatile BTC value a non-issue, meaning that refunding legitimate vendors does not cost 55 times more than what they actually paid.
- grahamgreene
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Thank you for explaining, grahamgreene!
omnis
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go here to request a refund:
http://silkroadvb5piz3r.onion/account/bond_refund
Thank you scout i just got it refunded ;D
But now im worried am i still a vendor???????
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Thank you for explaining, grahamgreene!
omnis
You're quite welcome.
- grahamgreene