Silk Road forums

Discussion => Silk Road discussion => Topic started by: entreterra on May 10, 2013, 11:49 pm

Title: Question about generating new wallet address with coins in escrow.
Post by: entreterra on May 10, 2013, 11:49 pm
If you have BTCs in escrow, proceed to generate a new wallet address, then your order gets cancelled or you are given a refund for whatever reason, would the coins in escrow revert back to your account even though you generated a new wallet address?
Title: Re: Question about generating new wallet address with coins in escrow.
Post by: heavysmoker on May 10, 2013, 11:56 pm
yes

All btc address assigned to your account stay linked to the account, seemingly forever
Title: Re: Question about generating new wallet address with coins in escrow.
Post by: entreterra on May 11, 2013, 12:13 am
great, thanks!
Title: Re: Question about generating new wallet address with coins in escrow.
Post by: Libertas on May 11, 2013, 12:49 am
If you have BTCs in escrow, proceed to generate a new wallet address, then your order gets cancelled or you are given a refund for whatever reason, would the coins in escrow revert back to your account even though you generated a new wallet address?

Yes. Coins in escrow that are returned to you via a refund are sent directly to your Silk Road username, not your Silk Road wallet address. This is possible due to the nature of the internal Silk Road payment system, but you cannot send Bitcoin from outside the Silk Road system to a username inside it.

Libertas
Title: Re: Question about generating new wallet address with coins in escrow.
Post by: SelfSovereignty on May 11, 2013, 12:57 am
If you have BTCs in escrow, proceed to generate a new wallet address, then your order gets cancelled or you are given a refund for whatever reason, would the coins in escrow revert back to your account even though you generated a new wallet address?

Yes. Coins in escrow that are returned to you via a refund are sent directly to your Silk Road username, not your Silk Road wallet address. This is possible due to the nature of the internal Silk Road payment system, but you cannot send Bitcoin from outside the Silk Road system to a username inside it.

Libertas

It's more efficient and modular.  At first glance you'd think that maintaining a separate database that's not coupled tightly to the Bitcoin network would be a poor move, but really I'm convinced that for something the size of Silk Road it's absolutely the way you want to go.  I mean there's a lot of technical junk I could cite, but really that's all there is to it -- it's efficient and modular :)
Title: Re: Question about generating new wallet address with coins in escrow.
Post by: Libertas on May 11, 2013, 01:08 am
It's more efficient and modular.  At first glance you'd think that maintaining a separate database that's not coupled tightly to the Bitcoin network would be a poor move, but really I'm convinced that for something the size of Silk Road it's absolutely the way you want to go.  I mean there's a lot of technical junk I could cite, but really that's all there is to it -- it's efficient and modular :)

I wouldn't consider it a poor move at all, whether at first glance or not. :P It is modular, yes, and certainly more efficient! :)

Libertas