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Messages - RxKing

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466
Silk Road discussion / Re: escrowed fund are not safe
« on: April 13, 2013, 04:31 pm »
Quote from: Seeds and Stuff on April 13, 2013, 02:56 pm
Quote from: RxKing on April 13, 2013, 09:14 am
Quote from: Seeds and Stuff on April 12, 2013, 12:14 pm
Quote from: Sc0t1and_Y4rdi3 on April 11, 2013, 08:31 pm
Quote from: RxKing on April 10, 2013, 09:05 pm
No vendor is losing money. And no vendor should be complaining.

O RLY?

Vendors aren't loosing money? get out of here... vendor sells a gram of weed for 0.09 btc, order goes through everybody happy. Then 4hour later the price crashes and that same gram of weed is now priced at 0.12 btc.. the vendor lost 0.3btc. get with it iv been speaking to a couple of fellow vendors and its agreed that we are in the shit if this price doesn't stabilize.

First I don't call selling a gram of weed making money. I mean do disrespect so don't get all upset at me saying that. You will agree that it very little money.

The point I was trying to make is that us vendors...MOST of us...make a lot of money...and in general the btc has done NOTHING but go up the last 11 months... And other then the vendors that were selling things at the $250 per coin...and then that dropped to where it is now or even lower...yes they 'lost" money...But in reality you dont lose anything until you sell the btc...

All of us just use the BTC as like a token..So if you sell your gram of weed for $30 bucks...and at that tine the coin was worth $250 a coin...then they finalized and the coin was worth $125 then yes you "lost" money...but you really didn't..you lost value. You don't lose the money until you sell the coin. And if you are smart enough you hold on to the coin and wait..as within 7 days it will be back up over $200.

But at the time I made the post I was referring to not only what I said up there...but also that the btc has gone up from the $20 range to the $50 to the $70..then it exploded to the $130 and basically went up $20+ per day every day...and when I wrote this my point was that as a vendor I believe that 95% of us have killed it...meaning we have sold something at $50 per btc and by the time the finalized it was $70 plus... Not only that but as I said above...we get paid on SR in BTC...so it is not like the buyer finalized and then within the hour you are converting those coins to cash...sure some do but again 99% of vendors take a while to do that.(sell there coins)


 And so even though the market took a 50% to 70% hit it does not matter as long as you don't sell the coins..

So lets say last Friday it was at its high point of $270 on SR....then it starts diving...well if you just do not panic and can hold on it will come back...as it kind of has...It is not like it was $270 for 10 days and now it is $70 for the last 14 days... And when I made my simple post saying vendors are not really losing money...I was referring to the fact that most vendors have killed it...not only that...but the crash is just on paper...so as long as you didn't panic and sell the coins you had just got at $270 for $70...you are just fine.

As to the vendor I quoted... As my first line says...I was not trying to offend you by saying that your .08 btc sale is shit...but lets just be honest..that is a very little amount of money in the first place.... and unless you sold 5000 grams at .009 at the high of $270 per coin...I don't think you lost a lot of money. Also   100's of people read the forums..lets even call it 1000's...no message I or anyone can post is to everyone. I think that most (80%) are smart enough to understand that I am not saying every vendor and I do not need to be so delicate in the message I posted. People on here take things so personal(not even talking about you) ..I mean just in general. Also in here 300 people will read it..yet 1 asshole will respond...

So I am saying that most vendors will not lose a lot of money with the btc losing value. Also most vendors have actually made a killing with the btc going up so much that I was also saying that vendors should not start crying (again not talking about you) now that the btc has gone down 50% as in fact it went up 1000% in the last 3 months. As a vendor you should be smart enough to figure out the btc market pretty well and be prepared for this. And again I think MOST vendors were. As not a lot of them made post freaking out. And you are the one vendor that made your post and you are talking about grams of weed at .009...I mean I clearly was not talking about you and your little hobby. Also I think even you would come in here and admit you didn't get crushed by this. At least I hope this would not crush you...if it did then I am sorry BUT you should look to do something else.

As to the buyer that said when they should finalize...do so as you always would..when you get the product. It makes no difference when you finalize. As you pay in btc and when you paid 3 btc...it is going to be 3 btc the vendor gets not matter when you finalize...also in lite of what has been happening I would think that most vendors are just holding on to there coins right now anyways.

And as I have made clear...no one is losing any money on the vendor side unless they were dumb enough to sell there item at $270 per coin...and then they had to sell their coin at $100 a piece. There are a lot of vendors on here so I am sure 1 or 2 had to, But I would think 99% did not sell there coin and are waiting it out...

Also as a buyer...just use your coin as soon as you get it on SR...that way you cant get hurt..as most of you only buy the coin so you can shop in SR...so if you buy the coin...then you use it..who cared what the price of the btc is...just as long as you are smart enough to buy it at $100 and use it at $100. A lot of people that do not know shit have complained about how SR is slow to update their prices. When in fact that is simply not true. But also what it causes is a great thing for the buyer as you know exactly where the coin is going..so if you send you coin into SR ...you don't have to worry about it tanking in 5 min. It just does not happen. If you time it right...you will never lose a dollar.

Hope everyone that reads this understands it. I tried to write it as idiot proof.


-The gram of weed is completely irrelevant, it was just an example.

-As for you saying vendors don't loose money, is completely ridiculous. Sure, the number of btc we have doesn't change but the value diminishes meaning it is worth less, meaning we loose money. -------

NO YOU DON'T LOSE MONEY...YOU LOSE VALUE. BUT THE VALUE HAS ALWAYS RISEN AND FALLEN. AND AGAIN I DON'T THINK THAT MANY VENDORS LOST THAT MUCH MONEY IN VALUE. I PROMISE THEY LOST A LOT MORE BY WHAT IT DID TO THE COINS THEY HAVE ON HAND VS WHAT THEY SOLD. BUT FOR THIS ARGUMENT, I WAS ONLY TALKING ABOUT VENDORS THAT WERE SELLING DURING THIS TIME AND WERE NOT SMART ENOUGH TO HANDLE IT CORRECTLY. I KNOW A VENDOR IS GOING TO TAKE ISSUE WITH ME SAYING "SMART ENOUGH" BUT THAT IS A FACT. I COULD HAVE ALSO USED SEASONED ENOUGH OR EVEN HAD ENOUGH  EXPERIENCE TO KNOW WHAT TO DO. BUT NOT SMART ENOUGH SOUNDS BETTER  :D 

SO I WILL STICK BY MY STATEMENT THAT MOST VENDORS DIDN'T LOSE MONEY. AND THE ONES THAT DID WOULD HAVE HAD TO SELL THE BTC FOR THE LOSS...OTHER WISE THEY DIDN'T LOSE EITHER. ALSO AS I SAID IN MY LONG POST...IF YOU KNOW WHAT TO DO..THERE IS NO WAY ANY VENDOR SHOULD HAVE LOST A CENT.




-Imagine going to a different country, buying their money so we can spend it in there country. All of a sudden this country's economy goes to shit and the money we bought is worth nothing. We still have the same amount of physical money but it is worth much less so we have lost money.   Ps this is an example don't get carried away.------------

IT IS JUST A REALLY BAD EXAMPLE. I GET WHERE YOU ARE GOING BUT IT JUST DOES NOT RELATE. WHAT EXAMPLE DOES IS THIS ONE. IMAGINE YOU ONLY BOUGHT BTC SO THAT YOU CAN THEN SEND THEM TO SR TO BUY DRUGS. IF YOU WERE NOT DOING THAT..YOU WOULD NEVER HAVE BOUGHT DRUGS. SO YOU BUY THE BTC AND YOU SEND IT TO SR. THE PROBLEM IS YOU PAID FOR $800 WORTH OF BTC AND YOU ONLY HAVE $700 IN YOUR ACCOUNT...SO YOU DECIDE TO JUST WAIT A FEW HOURS..YOU FALL ASLEEP...WHEN YOU WAKE UP THAT $700 IS NOW $1375. SO YOU PAY FOR YOUR ORDER AND NOW YOU HAVE YOUR ORDER PAID FOR AS IT WAS $890 AND YOU WERE SUPPOSED TO ONLY HAVE $10 LEFT...BUT INSTEAD YOU HAVE$475.

YES THIS IS AN EXAMPLE AND ONE THAT HAPPENED TO ALMOST EVERY SINGLE BUYER IN THE LAST 6 MONTHS..BUT REALLY HAPPENED IN THE LAST 3 MONTHS.  AND IT IS EVEN BETTER FOR THE VENDORS...SO GOOD IN FACT I AM EMBARRASSED TO TELL PEOPLE WHAT HAPPENED TO ME AND OTHER VENDOR I KNOW...AND EVEN WITH THE CRASH WE MADE MONEY. AGAIN ALL THE NUMBERS ARE JUST ON PAPER...ALSO THEY WILL GO BACK UP.

ONE OTHER THING....I SAW A POST A FEW BACK FROM AN IDIOT THAT QUOTED ME SAYING IT WILL BE BACK TO 200+ SOON...HE SAID I WAS DREAMING...AGAIN THIS KID IS A CERTIFIED MORON...BUT I WILL ADDRESS IT..THE BTC WILL GO BACK UP...IT WILL GO EVEN HIGHER. IT IS JUST A MATTER OF TIME...AND NOT A LOT OF TIME...LIKE LESS THEN 10 DAYS. AND WHEN IT DOES WILL YOU MIAMI RESPECTFULLY SHUT THE FUCK UP...AS IT WILL ONCE AGAIN PROVE I AM RIGHT AND YOU ARE WRONG...AGAIN!

-Last thing, for you to say the btc price is going to go back up into la la land ($230+) is something I doubt. I think we will most likely see a small increase and then another panic sell which will plummet btc even more.

I KIND OF ADDRESSED THAT IN THE END OF THE LAST POST. LET ME FIRST START OFF SAYING I LIKE HOW YOU MADE YOUR ARGUMENTS. I CHOSE TO JUST TYPE IN CAPS AND ADDRESS EACH ONE BECAUSE TO QUOTE THEM TAKES WAY TO LONG. SORRY TO EVERYONE THAT HATES CAPS...I HAVE BEEN AROUND WHEN IT WENT TO 40 BACK TO 30 CENTS...IT WAS BEYOND CRAZY THEN. DPR WAS A VENDOR AND NOTHING WAS RUN LIKE IT IS..AND IT WAS ALMOST IMPOSSIBLE TO MAKE MONEY WITH THE CRASHES. WELL I BRING THAT UP BECAUSE I HAVE SEEN SO MANY STUPID POST TALKING ABOUT THE BUBBLE, TALKING ABOUT SHOULD THEY SELL THERE CAR AND MANY MANY MORE WHERE THEY GET THERE INFO JUST READING THE OTC BOARDS ON BTC AND THEN THEY COME IN HERE AND SPREAD THERE BULLSHIT. THEY SAID THE DICE WAS BEHIND A HACK AND THEY HAVE SAID 100'S OF OTHER WRONG THINGS. SUPPLY AND DEMAND IS WHAT RAISES PRICES AND LOWERS THEM...BUT WHAT HAS HAPPENED THE LAST MONTH...IS TRADERS STARTED BUYING UP COINS...AND THEY HAVE A NUMBER IT IS GOING TO GO TO...AND I CAN TELL YOU IT IS A LOT HIGHER THEN 250. AND WHEN PEOPLE SELL IF AS THEY DID, THIS MARKET IS SO NEW AND SO SMALL THAT IT JUST CAUSES A PANIC...IN FACT 80% OF LARGE PURCHASES ARE NOT EVEN ACCOUNTED FOR. AND THERE ARE A TON OF REASONS TO SIT HERE AND EXPLAIN WHY IT WILL GO BACK UP. I WONT BORE YOU WITH THAT. I WILL TELL YOU RESPECTFULLY THAT YES I DO BELIEVE THAT THE BTC WILL BE BACK OVER 200 THIS COMING WEEK. I PERSONALLY HOP IT GOS LOWER...BUT THAT IS A FANTASY DREAM. I DO KNOW THAT YOU DON.T LOSE A THING IF YOU  DO NOT SELL. AND YOU WONT HAVE TO WAIT LONG. I WOULD SUGGEST THAT IF YOU ARE A VENDOR THAT MOVES PRODUCT...YOU SHOULD GET INTO BUYING BTC TO HEDGE AND FOR A LOT OF OTHER REASONS...IF YOU DID THAT..YOU WOULD NEVER HAVE A WORRY. ALSO, AS I SAID IN ANOTHER POST...MOST THE VENDORS COMPLAINING ARE VERY SMALL TIME VENDORS AND THOSE VENDORS NEED TO TURN AROUND AND SELL THEIR COIN RIGHT AWAY...AND THOSE VENDORS WILL LOSE SOME MONEY...BUT THEY SHOULD HAVE ALREADY MADE A KILLING ON WHAT HAS HAPPENED BEFORE THIS...SO AGAIN I WILL SAY..NO VENDOR SHOULD HAVE LOST A PENNY.

467
Silk Road discussion / Re: Should we, as community, make a list of those who pulled listings during crash?
« on: April 13, 2013, 04:00 pm »
Quote from: EarlyCuylerTOR on April 13, 2013, 11:11 am
Quote from: RxKing on April 13, 2013, 10:34 am

The problem that people should be talking about is what if a vendor cancels an order on you because the BTC has dived. Well the truth is they should not do that.
 

Apparently you didn't read my post on the first page then.

No I did not...sorry..should i have?

468
Silk Road discussion / Re: Should we, as community, make a list of those who pulled listings during crash?
« on: April 13, 2013, 03:43 pm »
Quote from: oldcactushand on April 13, 2013, 10:52 am
I agree with the vast majority of what you've said. Just one more thing I'd throw in there in fairness to those who did cancel orders is that there was a large increase in the amount of orders when this was happening. JOR reported 5x as many orders or something.

If those orders make up a significant amount of total stock, and are selling for less than the amount the vendor originally paid for that stock, it could put someone out of business. And I imagine most people, given that they've decided to enter into a contract with the vendor, do not want such a thing to happen.

Obviously, we can never know the actual numbers of vendors operations, and this in itself makes it harder to judge whether a vendor is justified in cancelling some orders.


There is no fairness to those that cancelled orders!! The reason I believe this to be 100% true is vendors  have to be smarter then the buyers. They have to know a lot more then a buyer does. As a buyer just wants to buy his drugs and get them..they have very simple demands. And as a vendor there are a LOT  of things you need to know and practice. And one of them is you need to be aware of the market. Especially the rise and fall of btc. And if you are...then you would never be in a position that you would have to fuck over a buyer by cancelling an order.

You in fact just cement what I am saying even more! If indeed the items they are selling make up a huge % of overall sales...then that is even more reason for them to know what the fuck is going on and list items accordingly..KNOW YOUR MARKET!

Unless this was his first day of vending...at I take it was not... Then he was CRYSTAL  CLEAR what the btc has been doing. ...and he should have either put it in Hedge mode and they did not. That tells me that they were being greedy, and gambling...as I am sure they have the weeks before...and they were not prepared for the btc to dump. So the decided to save ass by fucking over the buyers and cancelling the orders...I am sure if the BTC had gone up...they would have had no problem. They are a perfect example of SHITTY VENDORS.

So there is no excuse. As a vendor you dont roll the dice and gamble....then when you crap out...you just say fuck it..I am going to cancel all the orders ...I mean that is total bullshit. It is even worse that you came in here and posted trying to defend the actions!!!! So they used the buyers money to place the game...then when the btc started going 50% down...they got out by cancelling the orders... How the fuck you don't see that is EXACTLY what they did and how stupid it is. And it is stupid because they did not have to do it that way.

Now this will be once again a vendor that will be pissed because he caught called out for some bullshit he did. And instead of owning up to it...and learning the ways where you never have to do anything like that...they will pout..stick out there dick and act as if there shit don't stink.

And I just reread your post...there is never something that justifies them cancelling there orders based on the value of the btc. NOTHING. EVER. but there are things of course where a vendor could do it. And this is totally different then a vendor taking down listings...that is totally fine as long as they fill the orders they have if any.

469
Silk Road discussion / Re: Should we, as community, make a list of those who pulled listings during crash?
« on: April 13, 2013, 10:34 am »
Why do so many people complain about how SR values the btc. How they do it is PERFECT! As perfect as it is ever going to get. THEY ARE NOT SLOW. They do the exact same thing they have done for over 1 year.  In the exact time frame! It is a 24 hour average and the way they do it...helps ALL members...not just the vendors...but the buyers as well.

When you guys go to Mt.Gox and see it is $150 per coin then you come to SR and see it is $120 or even $220 that is just fine. In fact it is PERFECT. It is as perfect a system as you can get. The fact is SR uses a 24 hour weighted average. And that is GREAT for the buyers. It allows you to know where the coin value is going to be. And it is great for vendors to as you have the same information. There is NOTHING wrong with a vendor pulling listings. NOTHING. How anyone does not understand stand this just go's to show you how stupid people are in these forums. If SR was to update every minute or even 5 minutes as Mt.Gox does it would be terrible for SR. In fact it is ludicrous to even bring that up..so I will move on. That would/will never happen and all of you should understand why that is a good thing.

The fact is 99% of buyers only buy BTC so they can then buy drugs on SR. And if you have any kind of smarts...like an IQ over 90... you will never lose any money on the btc. And if you are smart enough to purchase your coins from someone that sell them to you at the current SR rate and not the Mt.Gox rate...then you will always have it good. Meaning you pay for the btc at $90 per coin...then you make a purchase on SR at $90 per coin. Bingo..you just used the btc wahat it was meant for on SR. To buy drugs.

There have been WAY MORE buyers that have paid for an item at the rate of $120 per coin...THEN the btc go's up to $150 per coin and they try and get the vendor to cancel the order so they can reorder at the higher price. That is laughable. And it is one of the reasons you as a buyer can not cancel an order until the 4 day mark...if in fact the vendor has not shipped your item.  That has happened a lot more then vendors cancelling orders because of the btc crashing.

The problem that people should be talking about is what if a vendor cancels an order on you because the BTC has dived. Well the truth is they should not do that. If they do you should be pissed and you should never buy from them again. On the other hand if you bought a pound of weed at $3500 and the btc was valued at $200 per coin when you made the purchase and 1 hour later it is $90 per coin then you should understand why the vendor would want to cancel it.

Notice I said  "should understand". I didn't say you should like it. Nor did I say it was right of them to do it. In fact I already said that is bullshit and should NEVER happen.

 Of course you would not like that if it happened to you. Just like you do not like when you make a purchase for $3500 at the value of $100 per coin and the next day before the vendor has not marked it in transit ..and the value of the btc is now $220. You would want the vendor to cancel the order so you could then place the same order and you the buyer would be able to place that order and still have  left over $1000 in btc left. That would be nice.

But the truth it everyone, including the vendor should understand why you would want that....but they should not cancel your order. The fact is you paid $3500 for the pound...and even with the btc showing a value of $220 compared to the $100 it was when you made the purchase...you still paid the $3500 and the vendor still made the $3500. It makes no difference what the "value" of the coin has done...you guys have already made a deal. And the truth is...by the time you finalize the coin might be worth $90. But even when you finalize that does not mean that the vendor is going to get $90 for the coin. They may get $400.... if they are stupid they might get $80 per coin.

The truth is ALL OF US know that the btc fluctuates. And the fact is that everyone...most importantly....the vendors have seen in the last month the coin go from $60 to $260. And on a lot of days they saw it go up $30 per day or more. So no one should be caught off guard. No vendor should cancel an order because the btc has gone from $200 to $90!!! There is NO WAY a vendor didn't know that was or could happen. And if they were worried about that..then in the example like the one I gave you....the $3500 for a pound...that is enough money where the vendor should do one of  2 things...they should put their listings in HEDGE mode......OR they should not list an item because they are not willing to take the risk of it falling. Or there is a third option...they realize that the btc can "crash" at any minute...and while it was...they take their listings down. There is absolutely NOTHING wrong with a vendor taking a listing down. That is just smart. BUT it is TOTAL BULLSHIT if a vendor cancels an order because the btc has fallen too much! And if a vendor did that..then I totally understand you the buyer being pissed. And you should not make a purchase again. As I said...all vendors are well aware of the fluctuations of the BTC. So they should not have a listing up and take orders un-hedged if they are going to cancel the orders when it crashes. It would just show you that you are dealing with a moron vendor.

There is no excuse for a vendor saying he cancelled the order because of the btc falling. That vendor knew dam well that could happen. So on an item like a pound of weed...they should just have it hedged. The vendors that are in these forums crying because they sold a fucking gram of weed for $25 bucks...and now when the buyer finalized that $25 is $13 is a joke. First they knew that the btc could crash. Also for the last year...up until  a few days ago..all that has happened is that the btc has gone up. And for the most part when they sold that $25 gram...by the time the buyer finalized it was worth $40 or more!! And they were not complaining then. So they complain when they lose... that is laughable. Not only is it only a few bucks...but again they knew when they placed that listing...that the btc is going crazy..both ways...so they should be well aware. Also, and this is the most important part...it is always just "paper value" they are never "losing" money. Any good vendor, that is smart, should realize that it really makes no difference what the btc is day to day. As it makes no difference as they are not selling those coins for cash at those prices anyways. And again, any item that is real money, they either chose to not list it as the market is to unstable..or they choose to list it with the hedge option( though a really smart vendor knows that does not offer 100% protection) or they realize that in the short term..7 days they might see the value on paper of that btc go up or down 40% , they realize by the time they go to sell that btc it will in fact (based on the last 12 months) go up. Also they realize that it could have been a bubble and therefore they just decided to not list anything as they don't want to take the risk of selling something at a value of $100 per coin and when they have to sell it..it might be $60 per coin.

But this OP was stating how it is wrong for a vendor to take a listing down. AND THAT IS TOTALLY STUPID. What is wrong is for any vendor to cancel an order based on the fact that the btc has gone down. And it is just as wrong for a buyer to want to cancel an item because the btc has gone up. You the buyer realize that the btc can go up when you placed the order. If you thought it was going to go up...then do not place an order. What this OP said is about as stupid as it would be for a vendor to make a post that says......

" Should we the vendors make a list of the buyers that chose not to buy because they are waiting to see if the btc is going to go down or up?"(I think yes) As a community and for the better of the community, I think we need to make a list of all the buyers that did not buy in the past week. As that is bullshit they didn't make purchases"

How stupid does that sound? That is the EXACT same stupid thing the OP said. Luckily if you read the thread you will see all the smart members that said it is totally fine with the vendors  taking down listings. Of course it is OK. Just like it is totally ok with a buyer not making a purchase.

Also if a buyer wants to cancel an order because the value has gone up...you as a vendor should say ok... And you should also tell them that you will not take an order from them again.

And if you are a vendor that cancels an order because the btc went down..... you should not be vending. Not only is it fucked up to do that to a buyer...it really just shows how stupid you are and how you should not be a vendor.

470
Silk Road discussion / Re: escrowed fund are not safe
« on: April 13, 2013, 09:14 am »
Quote from: Seeds and Stuff on April 12, 2013, 12:14 pm
Quote from: Sc0t1and_Y4rdi3 on April 11, 2013, 08:31 pm
Quote from: RxKing on April 10, 2013, 09:05 pm
No vendor is losing money. And no vendor should be complaining.

O RLY?

Vendors aren't loosing money? get out of here... vendor sells a gram of weed for 0.09 btc, order goes through everybody happy. Then 4hour later the price crashes and that same gram of weed is now priced at 0.12 btc.. the vendor lost 0.3btc. get with it iv been speaking to a couple of fellow vendors and its agreed that we are in the shit if this price doesn't stabilize.

First I don't call selling a gram of weed making money. I mean do disrespect so don't get all upset at me saying that. You will agree that it very little money.

The point I was trying to make is that us vendors...MOST of us...make a lot of money...and in general the btc has done NOTHING but go up the last 11 months... And other then the vendors that were selling things at the $250 per coin...and then that dropped to where it is now or even lower...yes they 'lost" money...But in reality you dont lose anything until you sell the btc...

All of us just use the BTC as like a token..So if you sell your gram of weed for $30 bucks...and at that tine the coin was worth $250 a coin...then they finalized and the coin was worth $125 then yes you "lost" money...but you really didn't..you lost value. You don't lose the money until you sell the coin. And if you are smart enough you hold on to the coin and wait..as within 7 days it will be back up over $200.

But at the time I made the post I was referring to not only what I said up there...but also that the btc has gone up from the $20 range to the $50 to the $70..then it exploded to the $130 and basically went up $20+ per day every day...and when I wrote this my point was that as a vendor I believe that 95% of us have killed it...meaning we have sold something at $50 per btc and by the time the finalized it was $70 plus... Not only that but as I said above...we get paid on SR in BTC...so it is not like the buyer finalized and then within the hour you are converting those coins to cash...sure some do but again 99% of vendors take a while to do that.(sell there coins)


 And so even though the market took a 50% to 70% hit it does not matter as long as you don't sell the coins..

So lets say last Friday it was at its high point of $270 on SR....then it starts diving...well if you just do not panic and can hold on it will come back...as it kind of has...It is not like it was $270 for 10 days and now it is $70 for the last 14 days... And when I made my simple post saying vendors are not really losing money...I was referring to the fact that most vendors have killed it...not only that...but the crash is just on paper...so as long as you didn't panic and sell the coins you had just got at $270 for $70...you are just fine.

As to the vendor I quoted... As my first line says...I was not trying to offend you by saying that your .08 btc sale is shit...but lets just be honest..that is a very little amount of money in the first place.... and unless you sold 5000 grams at .009 at the high of $270 per coin...I don't think you lost a lot of money. Also   100's of people read the forums..lets even call it 1000's...no message I or anyone can post is to everyone. I think that most (80%) are smart enough to understand that I am not saying every vendor and I do not need to be so delicate in the message I posted. People on here take things so personal(not even talking about you) ..I mean just in general. Also in here 300 people will read it..yet 1 asshole will respond...

So I am saying that most vendors will not lose a lot of money with the btc losing value. Also most vendors have actually made a killing with the btc going up so much that I was also saying that vendors should not start crying (again not talking about you) now that the btc has gone down 50% as in fact it went up 1000% in the last 3 months. As a vendor you should be smart enough to figure out the btc market pretty well and be prepared for this. And again I think MOST vendors were. As not a lot of them made post freaking out. And you are the one vendor that made your post and you are talking about grams of weed at .009...I mean I clearly was not talking about you and your little hobby. Also I think even you would come in here and admit you didn't get crushed by this. At least I hope this would not crush you...if it did then I am sorry BUT you should look to do something else.

As to the buyer that said when they should finalize...do so as you always would..when you get the product. It makes no difference when you finalize. As you pay in btc and when you paid 3 btc...it is going to be 3 btc the vendor gets not matter when you finalize...also in lite of what has been happening I would think that most vendors are just holding on to there coins right now anyways.

And as I have made clear...no one is losing any money on the vendor side unless they were dumb enough to sell there item at $270 per coin...and then they had to sell their coin at $100 a piece. There are a lot of vendors on here so I am sure 1 or 2 had to, But I would think 99% did not sell there coin and are waiting it out...

Also as a buyer...just use your coin as soon as you get it on SR...that way you cant get hurt..as most of you only buy the coin so you can shop in SR...so if you buy the coin...then you use it..who cared what the price of the btc is...just as long as you are smart enough to buy it at $100 and use it at $100. A lot of people that do not know shit have complained about how SR is slow to update their prices. When in fact that is simply not true. But also what it causes is a great thing for the buyer as you know exactly where the coin is going..so if you send you coin into SR ...you don't have to worry about it tanking in 5 min. It just does not happen. If you time it right...you will never lose a dollar.

Hope everyone that reads this understands it. I tried to write it as idiot proof.

471
Silk Road discussion / Re: escrowed fund are not safe
« on: April 10, 2013, 09:05 pm »
No vendor is losing money. And no vendor should be complaining. 

472
Silk Road discussion / Re: A message to those complaining about DPR and 8 decimals. READ
« on: April 03, 2013, 10:15 am »
Go to your account

473
Silk Road discussion / A message to those complaining about DPR and 8 decimals. READ
« on: April 03, 2013, 06:09 am »
I have read multiple post going back a while since the btc has taken off asking for 8 decimals or at least more then 2. A few of the post have even said something to the affect is DPR robbing(us) by only having 2 decimals, and numerous other shit like that.

Well he has gone to 8 decimals!! More importantly realize that he (DPR) if he wanted to rob/steal/take could easily do so. Like just shutting the site down and shutting the forums down. I think that would work pretty well.

I know a lot of you were just asking and not accusing...I get it..but to even ask is stupid. A lot of you I know are smart guys. But some of you are dumb as shit.

Bottom line is yet once again DPR does the right thing, and SR is still the best site to buy and sell drugs. PERIOD.

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Silk Road discussion / Re: Silkroad bitcoin prices completely messed up
« on: March 30, 2013, 10:34 pm »
Quote from: anonymouse23 on March 30, 2013, 10:16 pm
It is mtgox's 24h weighted average with a slight lag in favor of the sellers.
Plain and simple.

Why so you say in favorite of the sellers? It is in favor of silkroad users and if anything it helps the buyer not the vendor! As the buyer knows exactly what they are paying for the item when they buy it and as a vendor if you do not hedge we have no clue what we are getting until the buyer finalizes. And buyers do that at all different time. This is a new system that SR uses. By new I mean a little over a year old. And it is the best thing for SR to use. But it doe snot favor the seller or the buyer. It helps SR as all of us have to use something to convert it. When a vendor buys it they have to go off of Mt Gox and when we sell it we have to go off MtGox.

I would love to hear your version of how it benefits the seller(vendor) more as you said?

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Silk Road discussion / Re: Can shipping prices be hedged? It's getting very expensive.
« on: March 30, 2013, 10:28 pm »
Quote from: Fallkniven on March 30, 2013, 08:52 pm
I think you might have misinterpreted my question RxKing. I was curious as to whether the shipping costs are hedged. Not the items cost itself, i am aware that the items prices, if hedged, will show fluctuating bitcoin values. (Or am I wrong in thinking that the item and shipping prices are 'separate' items?)

I dont recall seeing the BTC prices in the shipping menus ever fluctuating. They always appear to be a static BTC price, no matter how much bitcoins go up in value (or am I wrong here too? and they actually do fluctuate in the menus and i just have not noticed?). That's why I brought it up in the first place. Because the listing i was watching remained at $90 due to being hedged to a dollar amount, but the shipping prices for the item were not changing their BTC value.

Two vendors that I have .asked about their super high shipping prices, have apologized to me and lowered their shipping prices dramatically.

I understood you totally. But you are saying a few different things. In this last message that I have quoted... Both things you put in parenthesizes happen to be correct! Sorry :-[  Also you are using the word hedged to in the wrong sense. I know what you mean to say. But there is also what I explained earlier...that a vendor could be one that hedges his items or a vendor that doe snot hedge. Either way that would in no way affect you the buyer and in no way would that affect the shipping price. If you read what you are saying in this message you are saying that an item is set to the dollar but the shipping is set to the btc. Well in fact both are set to the same thing and in this day and age...99.8% of vendors have their listings pegged to the dollar not the btc. You are using the word hedged. But hedging is different all together. So to go back to your original question, yes you are just missing that the shipping actually fluctuates. Just like the item price to the ever changing bit coin. So you are always going to pay the same price in dollars but obviously not in btc. So when the vendor had $90 shipping it was a mistake by the vendor...that is why he changed it. And yes you have just missed it.

But your original question was can you hedge shipping because when you wrote that you assumed incorrectly that the shipping did not move but the item did. When in fact both do. As we set shipping and item price to the dollar. But your question was can shipping be hedged. Well that question is a no. As shipping is "included" for all practical reasons when a vendor is in fact on the hedge system But again that is just for him and not you.

So basically you asked the wrong questions based on your thought process of the way shipping works as you thought that it did not fluctuate based in part on seeing a $90 shipping price..from not 1 vendor but a couple. But I believe I have it covered and I have your questions answered! 

Did I say it correctly?

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Silk Road discussion / Re: Bitcoin Marketplaces?
« on: March 30, 2013, 06:17 pm »
Quote from: Dcompany on March 30, 2013, 06:12 pm
check bitcointalk marketplace forums

Good idea +1

477
Silk Road discussion / Re: Bitcoin Marketplaces?
« on: March 30, 2013, 06:00 pm »
Quote from: Codesr on March 30, 2013, 05:34 pm
That's interesting, but I do not need to find places to spend bitcoin. I need to find places where I can sell things for bitcoin,

Ohhhhhhh got it.. you see how much better your OP would have been if you put " is there any other sites where I can sell shit to make btc?"

Sorry bro... but the only real legit place is SR...as BMR is legit too there is not 1 buyer there that is honest....that is not a member here too. So you are not getting exposed to new buyers there. This is why you are having so much trouble finding them..they do not exist..though there is a scam going around that a silk road 2.0 will open at the end of April.

And though there are certainly honest vendors over there and I am not saying all the SR vendors that are there are scammers...I do know of a few vendors that are in both places..and they are legit here as DPR runs a tight ship and they do not wan to get fucked...they go over there and either selective scam..or totally scam.

Sorry I didn't understand you right away. Good luck.

478
Silk Road discussion / Re: Bitcoin Marketplaces?
« on: March 30, 2013, 05:06 pm »
Wow-- I have to say I am a bit shocked that you have put an effort into this and you are having trouble finding places. Also you are not going to find people here that use their coins other places then here. At least not in this forum(meaning silk road discussion) back in the day this post of yours would be moved to the correct forum but  it does not matter where you post at nowadays. Though you would think this forum is the most read so just go ahead and type anything in here as many people do....it would actually do you better to ask this question in the correct forum. As you would find people that actually use the btc on other sites in the other forums as they don't read this forum as it is supposed to be used for only Silk Road discussions. And they have not got he memo yet that this forum is really for any fucking question you could have about anything that has to do with anything..even sometimes Silk road.
The Europeans use the BTC for a lot more shit then we do in the states. That will change in the couple of years.

So you can start here https://www.spendbitcoins.com/places/

Good luck.

479
Silk Road discussion / Re: if you cancel an order will the vendor be notified ?
« on: March 30, 2013, 04:13 pm »
Quote from: SRSuperfly on March 30, 2013, 03:53 pm
Quote from: RxKing on March 30, 2013, 11:23 am
Hello--
 
If it has been past 4 days and you have the option to cancel as the vendor has not shipped it yet,  a.k.a marked it "in transit" (un-fucking real that is even possible, if  a vendor has not shipped with in 4 days and he has not died, he should get 1/5, you should get 150% refund, and he should be suspended for 3 days IMO) you can indeed cancel it, nothing will change with your buyer stats, and on the vendors order page it will be deleted.


Thats not entirely fair to certain vendors, for instance we ship monday through wednesday, so for customers who place their orders on thursday they have to wait until monday to get it shipped. Why monday through wednesday? Well if the mailroom gets backed up near the end of the week (as does happens frequently, which is why the post office doesnt accept mail sat/sun to sort out the weeks intake) then your package sits in the sort centers for a couple days to be potentially scrutinized by drug dogs and scanners. If anything we need to be given more than 4 days to mark it as shipped, but for now vendors who dont wish to have their packages sitting in the sort centers must mark them as shipped prematurely.

Well not only do I agree with you...I clearly was not talking about vendors that list that is what they do!!!!!!!! It is like the great example Ben gave...if a vendor states they do not ship on Weekends and you know this, and you place an order at 9pm on Friday night...you should not send a message to the vendor on Sunday asking them why it was not shipped on Saturday.

The OP in this case (if you read it)has  had the order in there for over 4 days and the vendor will not return his messages, let alone read them, and clearly does not state on his account " please place your order, then know I only ship once a month".  So my answer that  you quoted was never to be confused with a vendor that states they only ship xyz. Then it is on the buyer 100%. And I know this is a problem. As a lot of buyers do not read the listing(can't even believe that is true but it totally is) and even more do not read the vendor page for the shipping policy of that said vendor.

But there is no excuse ever for a vendor that does not have something listed on his account saying he only ships x times to have an order for more then 4 days! NEVER. That is total bullshit. No buyer should ever have to wait 4 days or more to have an item shipped. Unless the vendor states so. And no vendor should mark  "in transit"  when in fact it is not even packages let alone on the way to the post office. I know this stuff is rare..but it is not rare enough. There are some really shitty vendors. There are some that I can't even believe the buyers still go there. Their rating is like 90 or some shit number and they still get business.

Though the beauty of this place is that you can see what you are getting yourself into. I can't stand the people that order from a vendor like xxx for example, then come in here and complain about what has happened to them. When in fact the feedback score is 87 and if the buyer spent 5 min looking into the vendor, they would run the other way.

So if somehow you did not understand that I in no way could be talking about vendors that list their shipping schedules as they only ship on X days then I am sorry. I figured that was just a total given that I could in no way be talking about them, but that is my bad as I forgot where I was and who i am dealing with.

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Silk Road discussion / Re: Bitcoin Marketplaces?
« on: March 30, 2013, 03:50 pm »
Are you talking about market places as in legit goods and service or black market? If it legit services...there is a shit load..if you are talking about places like BMR and SR...then there is only SR...as you know BMR is fucked and the only good people there are the ones that are here.

Even by your 2 examples I don't know what you are looking for...and I assume you are talking about onion sites as you would have to me a moron to not be able to find the legit good sites...and I don't think you are a moron. :)

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