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Messages - Dread Pirate Roberts

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Technical support / Re: Withdrawing funds from SR??
« on: July 16, 2011, 12:10 am »
it's not normal.  make sure your client connected and up to date on the block chain.  Check the address and transaction on block explorer.  if there are confirmations, then the transaction went through on the network, and your client is the issue.  You may need to re-download the block chain if this is the case.  Check the bitcoin wiki for more details.

Silk Road discussion / Forums back
« on: July 16, 2011, 12:04 am »
Hash: SHA1

Hey gang, sorry for the outage there with the forums.  We should be good to go now :)
Version: GnuPG v2.0.14 (GNU/Linux)


Technical support / Re: Password changed and not by me.
« on: July 12, 2011, 06:04 pm »
about half a dozen users have had their accounts drained because they were using their mtgox passwords.  mtgox was compromised and someone out there has all of the passwords from it and is trying them out on user accounts here.  there is a link about it on the homepage of the main site as well, but it you are using a password you have used at mtgox CHANGE IT!!!

try restarting bitcoin, try not going through tor.

Feature requests / Re: Auctions
« on: July 10, 2011, 12:27 am »
this one's been on deck for a while, though we want to create something a bit different than ebay and integrate it with the current system.  Basically what we are thinking is to allow buyer to make counter offers, so if a seller is offering something for 10 btc a buyer can offer 9 btc and a seller can accept or ignore.  This gives some of the pricing power back to the buyers.

Technical support / Re: Help from mods..lost password
« on: July 10, 2011, 12:19 am »
if you ever lose your password, just make a temporary account and message us on the main site with your account details (balances, open orders, etc) and we'll do a password reset and send it to the temp account

SR uses the 24h average price for calculation. The rate at the bottom is the live exchange rate.

that's correct

I've asked this as well in another thread and haven't received a logical answer.  Someone did suggest it was calculating an extra 5% on top as that is the percentage of the transaction that the Silk Road system keeps.  However in your example the difference is more like 6% not 5%.

So's that :)

Silk Road discussion / hedged escrow, at last...
« on: July 09, 2011, 07:53 pm »
It has been about a month and a half now since we introduced the hedged escrow feature, and I am happy to say it has worked really well!  If you don't know what that is, check out the buyer's and seller's guides.  There has been plenty of market volatility over this time and the system has balanced out irregardless of what the exchange rate has done, exactly as it should.  We've been tracking all of the numbers, and have found that sellers will lose about 4% of their payment when using the escrow hedge.  This is due to the bid/ask spread and slippage in the markets, especially at times when the bitcoin markets are thin.  Basically, when the payment is hedged, the lowest available "ask" prices adding up to the price of the order are used.  Then, when it is unhedged, the highest available "bid" prices adding up to the price of the order are used.  So, if you are willing to forgo this 4% or so, or raise your prices by 4%, for the security and predictability of being protected from exchange rate fluctuations while your payments are in escrow, then I recommend you enable escrow hedging on your settings page :)

Hash: SHA1

Probably the longest standing and most important feature request to date is finally here.  Sellers now have the option to hedge their escrow balances against fluctuations in the BTC/USD exchange rate.  Our hope is that this will bring some much needed predictability and stability to the transaction process and allow sellers to price their items with confidence.  Detailed explanations can be found in the buyer's and seller's guides.

Please note that this feature is experimental at the moment and we reserve the right to deactivate it without notice.  Deactivating won't affect current hedged orders.  It will only prevent future hedging.


Version: GnuPG v2.0.14 (GNU/Linux)


Silk Road discussion / Re: Is Silk Road down again???
« on: July 07, 2011, 04:56 am »
Hash: SHA1

sorry for the downtime and lack of notice.  we'll be back up asap :)
Version: GnuPG v2.0.14 (GNU/Linux)


so sorry, we've fixed the error now.

Technical support / Re: Database Error when reading PM's
« on: July 05, 2011, 06:06 am »
ahh, so sorry.  We didn't update the live database table.  Should be working now.

Technical support / Re: Can't reply in threads
« on: July 03, 2011, 03:45 am »
if you're using the firefox tor browser bundle on widows or linux, ctrl+f5 seems to refresh the forum to an up-to-date view.

Technical support / Re: SilkRoad not showing my deposit
« on: July 02, 2011, 05:05 pm »
it can take up to 20 minutes after the network confirms the transfer.  If you send wrong amount, it can take as much as 12 hours to come through.  If it never comes through, send us the bitcoin address you sent to and we'll try to track it down.

Silk Road discussion / Re: New seller accounts
« on: July 02, 2011, 12:50 am »
So let me introduce a twist to the idea, and tell me what you think... the money you spend to upgrade your account is refunded. It could be a nominal refund, on a per-transaction basis. For every satisfactory transaction, 1 BTC or 0.5 BTC (whatever) is refunded. It could be that 100% of the original investment is refunded, or it could be that only part of the total investment will be refunded. That I'll leave up to the accountants of SR to decide how much profit margin they wish to keep. :o)

The point is, it wouldn't seem so negative to pitch in 10 BTC to become a seller, if you thought that you would have some of that cost returned to you after each successful transaction (regardless of your profit margin). This would a) set up a good seller habits for new sellers, who are seeking satisfactory feedback on transactions to earn back their investment, and b) encourage longer term sellers if they realized that they would need to sell at least X amount of items to recoup their original investment cost. This would discourage people from signing up for seller accounts if they only wish to sell one or two items. This would also increase the average feedback of any given seller, since they would seek to stick around selling at least for enough transactions to recoup as much of their original investment as they could. And of course, that is better for buyers, because then a buyer would have more information to use to choose reputable sellers.
whistler - interesting idea. i also think it will help to attarct more serious sellers.

this is a pretty good idea.

Silk Road discussion / Re: New seller accounts
« on: July 01, 2011, 07:02 pm »
Hey gang,
So it looks like charging for seller accounts is pretty controversial.  Here's what happened and why we're doing this.  Please read and give your input.

We received a threat from a very disturbed individual who said they would pose as a legitimate vendor, but send carcinogenic and poisonous substances instead of real products and because seller registration is open, they would just create a new account as soon as they got bad feedback.  This was shocking and horrifying to us and we immediately closed new seller registration.  Of course we need new sellers, though, so we figured that charging for new seller accounts would deter this kind of behavior.  To be honest, we are all for open seller registration as we have been all along, but have to guard against a threat like this being carried out.

What should we do?

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