Silk Road forums

Discussion => Security => Topic started by: newhorizen on January 26, 2012, 10:41 pm

Title: BTC cash by mail cash out question?
Post by: newhorizen on January 26, 2012, 10:41 pm

A couple of questions here about this...

What do you think the demand is for such a service?

How does this work in the SR system?  Say the fee is 10% and the buyer is cashing out $2000 sent in the mail.  Would the entire $2200 go through the SR system?  If so it would seem very risky for even an established vendor to do this if this is the case.  Plus a vendor would have to have a float of there own money if it was all to go through escrow.

Title: Re: BTC cash by mail cash out question?
Post by: pine on January 27, 2012, 01:06 am

the question/premises seem unclear to me

Title: Re: BTC cash by mail cash out question?
Post by: newhorizen on January 27, 2012, 01:16 am

To be more clear the vendor who sells $100 US Fed Reserve Notes for say $115 worth or BTC is doing this.