Silk Road forums
Discussion => Newbie discussion => Topic started by: MAD MIKE on April 14, 2013, 05:09 pm
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HEY NEWBS THIS IS MAD MIKE YOUR GUARDIAN AND FRIEND,I ALONG WITH " MANY " OTHERS MADE A BAD MISTAKE ORDERING WITH EJ DIRECT,I THOUGHT I WAS ONE OF THE $MART ONES FOLLOWING SR'S ADVICE TO NEVER (FE) AS THIS ASSHOLE EJDIRECT REQUESTED OF MULTIPLE PEOPLE " WHO DID " FOR A SAMPLE AND PITTY.
WHEN SR TEAM GAVE ME MY MONEY BACK IT WAS $27 DOLLARS SHORT FUUUUUUUUUUUUUUUUUUUUUU THAT!
I DIDN'T FE GDAMMIT! WHY AM I GETTING TOOLED IN MY ASSS?
WHY AM I BEING PENALIZED FOR DOING THE RIGHT THING? AND NOT FE'ing????/
THIS IS BS!
SUPPORT HAS ALWAYS BEEN TOP OF THE LINE AND 100% AWESOME BUT I FEEL ROBBED
DREAD PIRATE ROBERTS PLEASE HELP ME BRO 'I'M A GREAT LOYAL SHIP HAND ??? SOS SOS SOS SOS
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Most of your money back or nothing. I would take the money you got and be happy you didn't get totally screwed. This isn't Disney World where all your dreams come true.
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Could this be related to the BTC market crash last week? For instance, an order placed last weekend for $130 would (if I didn't FE, things went south, and I got a "full" refund) return me about $65 today.
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Well,Donkey you stand over there and make Lemonade with your lemons, in the meantime I'm in pursuit $ 27 missing dollars for NOT FE'ing.
I'm an asshole how? for wanting my shit back? and are you a SR grief Councilor ? Cause if your not DPR himself you can go F yourself with your positivity workshop.
MAD MIKE
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fair enough, we look at things differently that is all.
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The explanation is in the SR wiki here:
http://dkn255hz262ypmii.onion/wiki/index.php?title=Buyer%27s_Guide#Escrow_hedge
Unfortunately, the Bitcoin exchange rate isn't as stable as we would all like it to be, and can fluctuate wildly in a matter of hours, let alone the days or weeks it takes for a package to arrive. Because of this, there is a real danger that the Bitcoins being held in your escrow account will lose value by the time your vendor gets paid or you are refunded. So, we've given the option to vendors to hedge the future payments they are expecting from escrow such that the dollar value of the payment doesn't change as the Bitcoin exchange rate changes.
For example, a seller is hedging the escrow for a 10 btc order you place with them, and the dollar value of your order when you purchase it is $100. Now, let's say your order never arrives and your vendor agrees to a full refund, but those 10 btc are no longer worth $100, they're worth $50! Because your vendor hedged the escrow, you won't get a refund of 10 btc, you'll get 20 btc equaling the original value of $100. Of course, the opposite is also true. If Bitcoins appreciate in value while your order is in escrow, your refund will be fewer Bitcoins, but still equaling the original dollar value.
When checking out, you will see which orders will be hedged and which won't. After the order is placed, your escrow balance will reflect the dollar value of your hedged orders and the Bitcoin value of your unhedged orders. All hedged orders are hedged as soon as the order is placed. So when getting a refund for hedged items, don't be surprised if the number of Bitcoins you get back is not the same as the amount you paid.
If you need the most up-to-date USD/BTC exchange rate, we recommend mtgoxlive.com.
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27 dollars is petty change compared to what you could've actually lost. cut your losses mad mike and move on.