Silk Road forums

Discussion => Silk Road discussion => Topic started by: performance on July 27, 2011, 01:36 pm

Title: Seller canceled AGAIN and now I have less bitcoin!
Post by: performance on July 27, 2011, 01:36 pm
What the fuck is going on here? I am getting sick and tired of sellers canceling my God damn fucking orders! Enough is enough, I am getting pissed as fuck. And the worst part is that now I have FEWER bitcoins than I did when I started. Look:

refund   transaction #11707   ฿8.76   ฿24.51   July 27, 2011, 8:28 am UTC
purchase   transaction #11707   ฿-9.13   ฿15.75   July 27, 2011, 4:21 am UTC
refund   transaction #11405   ฿16.88   ฿24.88   July 26, 2011, 3:49 am UTC

So I start with ฿24.88, put in an order, bastard cancels the order, and now I have ฿24.51 ? How on earth can this be correct?

The buyer should have an option of charging the seller 2% of the canceled order. If the seller communicated with the buyer and it was a legit cancel, then the buyer can waive the fee. But if its just a random cancel out of the blue with nothing more than "sorry bro I can't fill the order now" then the buyer should be able to penalize the seller. Hopefully this will dis-incentivize all this mother fucking CANCELING that keeps happening.

And what the fuck is up with the hedging? Is this how it is supposed to work? My intuition tells me NO....if a seller cancels then the bitcoins should be returned.

Let me point out that at the time I placed the order, bitcoins were worth a little over $14. And at the time of cancel they are worth less than $14. So at the end of the day, this "non-transaction" a.k.a. CANCELED order cost me money for NOTHING.

Thank you for listening.

Title: Re: Seller canceled AGAIN and now I have less bitcoin!
Post by: RedRocket on July 27, 2011, 01:49 pm
you can claim compensation by filling out the BR382 form at the marketplace (in your profile)
Title: Re: Seller canceled AGAIN and now I have less bitcoin!
Post by: nomad bloodbath on July 27, 2011, 01:58 pm
Damn performance this isn't your week is it?
Did you piss off the btc gods?
Did you pre PM these orders with the vendor(s)?
Title: Re: Seller canceled AGAIN and now I have less bitcoin!
Post by: performance on July 27, 2011, 02:56 pm
Damn performance this isn't your week is it?
Did you piss off the btc gods?
Did you pre PM these orders with the vendor(s)?

I'm trying to get Adderall / amphetamine salts and those are really hard to come by since there is a manufacturing shortage (due to government-mandated production limits). So as soon as I saw the listing I ordered it...they tend to disappear incredibly fast.

So I did not pre-PM...I don't usually PM people before I place an order, I just check feedback and the forums and then put the order in. I have had 100% success with every order that hasn't been canceled by the seller so far.
Title: Re: Seller canceled AGAIN and now I have less bitcoin!
Post by: nomad bloodbath on July 27, 2011, 03:04 pm
Someone else thinks the same as you only slightly faster.
I hate that 2 ppl can order at the same time and then the order turns into an ebay auction.
Title: Re: Seller canceled AGAIN and now I have less bitcoin!
Post by: joeblow2 on July 27, 2011, 03:52 pm
Now you KNOW you're in a community run forum when the MOD can bitch about the way the site is run! :)

I know there's sometimes problems here, but they seem very small compared to all the selection of products and benefits.

Of course, anyone who doesn't like it can go to that *other* drug forum with escrow and a resolution center and BTC hedging...
Title: Re: Seller canceled AGAIN and now I have less bitcoin!
Post by: Kind Bud on July 27, 2011, 04:51 pm
too bad you are not trying to buy pot...
Cancellations suck. It should count toward user feedback.
Title: Re: Seller canceled AGAIN and now I have less bitcoin!
Post by: funyankeeguy on July 27, 2011, 06:51 pm
you can claim compensation by filling out the BR382 form at the marketplace (in your profile)

0/10

Damn performance this isn't your week is it?
Did you piss off the btc gods?
Did you pre PM these orders with the vendor(s)?

I'm trying to get Adderall / amphetamine salts and those are really hard to come by since there is a manufacturing shortage (due to government-mandated production limits). So as soon as I saw the listing I ordered it...they tend to disappear incredibly fast.

So I did not pre-PM...I don't usually PM people before I place an order, I just check feedback and the forums and then put the order in. I have had 100% success with every order that hasn't been canceled by the seller so far.


was there communication after the cancellation? why not say the vendors name? thats what this forum is for. its not cool for someone to have your address for no reason. and if a lot of people are having the same problem, it becomes a serious issue. and no one would know about it if you dont post. this is how we weed out the scammers/bad vendors so that the best can rise to the top.

too bad you are not trying to buy pot...
Cancellations suck. It should count toward user feedback.

+1
Title: Re: Seller canceled AGAIN and now I have less bitcoin!
Post by: Variety Jones on July 27, 2011, 11:21 pm
Someone else thinks the same as you only slightly faster.
I hate that 2 ppl can order at the same time and then the order turns into an ebay auction.

That sucks performance.

Sellers shouldn't be able to list more than they have available to sell, period. I'm sure there is a little box on their sellers screen that lets them set how many of an item they have for sale.

Cancelling orders because the value of bitcoins fell, or because 2 people both ordered the last item, just doesn't seem right.

I agree that sellers should have to pay a penalty if they cancel after a customer has ordered in good faith.
Title: Re: Seller canceled AGAIN and now I have less bitcoin!
Post by: Colonel Sanders on July 28, 2011, 07:09 am
I'm really confused here.

Why did performance lose Bitcoin?  Was it the Silk Road transaction fee?  Or because it's pegged to the dollar? 

Neither one seems fair.  If the sale got cancelled, I don't understand why he didn't get the exact amount of Bitcoin back that was withdrawn.  Can someone dumb this down and explain it for me?
Title: Re: Seller canceled AGAIN and now I have less bitcoin!
Post by: janetreno on July 28, 2011, 08:36 am
Someone else thinks the same as you only slightly faster.
I hate that 2 ppl can order at the same time and then the order turns into an ebay auction.

That sucks performance.

Sellers shouldn't be able to list more than they have available to sell, period. I'm sure there is a little box on their sellers screen that lets them set how many of an item they have for sale.

Cancelling orders because the value of bitcoins fell, or because 2 people both ordered the last item, just doesn't seem right.

I agree that sellers should have to pay a penalty if they cancel after a customer has ordered in good faith.

When you list an item for sale, you set the quantity.  It is not possible for more orders to be placed than the quantity you have indicated.
Title: Re: Seller canceled AGAIN and now I have less bitcoin!
Post by: TikTok on July 28, 2011, 01:17 pm
I'm really confused here.

Why did performance lose Bitcoin?  Was it the Silk Road transaction fee?  Or because it's pegged to the dollar? 

Neither one seems fair.  If the sale got cancelled, I don't understand why he didn't get the exact amount of Bitcoin back that was withdrawn.  Can someone dumb this down and explain it for me?

It sounds like the transaction was hedged. I think the buyer's guide makes it clear that hedging works for refunds as well.

Why does it work this way? If the transaction is hedged for the seller, it must also be hedged for the buyer because otherwise people could scam SR by making fake sales to themselves and choosing to either finalize or cancel depending on what the value of the bitcoin does.
Title: Re: Seller canceled AGAIN and now I have less bitcoin!
Post by: Colonel Sanders on July 28, 2011, 01:26 pm
Why does it work this way? If the transaction is hedged for the seller, it must also be hedged for the buyer because otherwise people could scam SR by making fake sales to themselves and choosing to either finalize or cancel depending on what the value of the bitcoin does.

Well that makes perfect sense and I feel stupid for not working that out on my own.  Thank you. :)
Title: Re: Seller canceled AGAIN and now I have less bitcoin!
Post by: DigitalAlch on July 28, 2011, 06:31 pm
Huh, I never considered the implication of hedging on canceled transactions.

Peace,
DigitalAlch
Title: Re: Seller canceled AGAIN and now I have less bitcoin!
Post by: 46&2 on July 31, 2011, 06:33 pm
after finding something i want to buy i usually pm the seller. i like to open that communication right away, letting the seller know i would like to know the availability of product and that future transactions are of interest to me.
Title: Re: Seller canceled AGAIN and now I have less bitcoin!
Post by: qwertyjim on October 02, 2011, 01:46 am
refund   transaction #   ฿25.98   ฿27.15
purchase   transaction #   ฿-27.05   ฿1.17

I got boned on this too. whats funny, is it was them canceling my order, and it wasnt even an hour between order and canceling.