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Messages - Dread Pirate Roberts

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Silk Road discussion / Re: twitter
« on: July 19, 2013, 08:47 pm »
wow, that was fast!  guess I was wrong about them censoring.  Ok, looks like reddit.com/r/silkroad is our clearnet backup for the time being.

Silk Road discussion / Re: twitter
« on: July 19, 2013, 05:15 pm »
When will the DPR facebook go live?  Instagram?

Weren't the backup URL's enough of a 'backup plan'?  Just curious.

I have no intention of opening a facebook or instagram account.  the backup URLs are all hidden services, as is this forum and Silk Road itself.  If there is ever a problem with hidden services in general, communication will be cut off without a clearnet channel.  Twitter is a clearnet channel that has hosted accounts like lulzsec and anonymous without censorship, so it was chosen because I doubt the account will be taken down.

Silk Road discussion / Re: twitter
« on: July 19, 2013, 04:26 pm »
I've added a word of caution to the OP.

Silk Road discussion / Re: twitter
« on: July 19, 2013, 04:17 pm »
uummmmm.......you think that is wise? 


What is the downside?

Silk Road discussion / twitter
« on: July 19, 2013, 04:09 pm »
Hash: SHA1

I now have a twitter account as an emergency backup communication channel:


Version: GnuPG v2.0.17 (MingW32)


I'll post weekly or so, just to have a continual feed, and important updates, but most importantly, if for some reason the forum goes down, we'll be able to talk on twitter.  There is also reddit.com/r/silkroad, though I don't control that subreddit.

A word of caution:  If you follow DPRofSR from a twitter account that can be linked to your identity, then you run the risk of twitter knowing that you are following me.  This could be shared with the authorities and used against you.  You don't have to follow me to get my tweets, just visit the twitter page through tor.

I've just made an adjustment that might help.  If you get logged out when browsing the site after you've already logged in, please post here with details so I'll know if the adjustment made a difference.

I just tried logging in 4 times before it worked, and only had that one tab open.

were you getting logged out at random, or were you just getting a "login failed" message when you tried to login?

is this only happening to people using multiple tabs?  is this happening to anyone who only uses one tab?

mods, don't get caught up in rumor mill stuff.  If you have time for this kind of thing, then you have time for productive work.

does the problem persist if you restart your browser?

I still don't understand why a percent based fee needs to float based on exchange changes. X% of the whole is going to automatically adjust regardless of what unit you measure it in. With hedging I can see the issue, but if hedging is off then shouldn't $Y result in X% and that be the end of the complexity? Like if bitcoins go down 20% then 5% of the whole in any currency is still going to be 5%.

The percent commission changes based on the price of the sale.  Higher priced items are charged a lower percent.  So, as the exchange rate changes, the bitcoin price of items not pegged to bitcoin changes, and so therefore the commission on them changes.  It's inescapable unless we created a different commission schedule for every currency.  Instead we just use one and base it on bitcoins.

I am currently under the impression that if I have hedging off and I set my pre-commission pricing to $600 then I will get the amount of bitcoins that was worth $600 at the time of the sale. If this holds true then I can manage fine with only a few changes to my workflow.

This is correct.

Also, if you want to make sure you always get the same dollar value expected for your orders, use pre-commission pricing, escrow hedging, and peg to the US dollar.

Silk Road discussion / hey
« on: July 18, 2013, 06:06 pm »
How is everyone?  I hope you are enjoying the forums!  Just wanted to let you know that Libertas has been doing a great job reorganizing the categories and listings.  Before he got started, there were no less than 3 separate areas for prescription drugs and more scattered about in other categories.  He has consolidated them all into one place and organized the sub categories under that.  Opioids and Ecstacy got cleaned up as well and he's onto the Psychedelics next.  I hope this makes it easier to find what you are looking for!

Keep cruizin'


I am so confused. So if I am not hedging then the change in bitcoin value won't change the commission?

I have no idea what people mean by floating commission fee.

I am set to no-hedge pre-commission pricing, I just hope this results in a simple predictable amount of money coming in.

If you want a predictable payment in USD, use escrow hedging, peg to USD, and use pre-commission pricing.  If you peg to another currency, the value of your payment out of escrow will differ by the change in exchange rate between your peg currency and USD.  If you don't hedge, your payment will differ by the change in exchange rate between USD and BTC.

make sense?

Silk Road discussion / withdrawals delayed
« on: July 18, 2013, 02:33 am »
Earlier today we had an unusually large spike in withdrawal requests that set off an automatic shut-off designed to prevent loss of funds in case of a hack.  There was no hack, just lots of people trying to withdraw all at once.  This has disrupted the normal flow of coins through the Silk Road wallets, so we are currently behind about 6 hours.  We are working on expanding the throughput of the system to catch up and get withdrawals current, but it may be some time before we get there.  I'll keep you posted on this thread.


nothing has changed about the way hedging is done.  You are being obnoxious Jack.

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