Silk Road forums

Discussion => Silk Road discussion => Topic started by: Ticket on March 27, 2013, 03:11 pm

Title: Vendor Bond Question
Post by: Ticket on March 27, 2013, 03:11 pm
Hi all, I'm getting ready to apply for my bond reimbursement, and am just wondering - is it returned as the original bitcoin amount deposited, or is the bond amount pinned to the dollar?

Obviously it would be great it the bitcoin amount is returned, seeing as bitcoins have tripled in value in the last 6 weeks.
Title: Re: Vendor Bond Question
Post by: eddiethegun on March 27, 2013, 07:03 pm
Vendor bond is unhedged -- you'll get back the amount of bitcoins you paid in  :)
Title: Re: Vendor Bond Question
Post by: Herbal Remedy on March 27, 2013, 10:38 pm
If this is true then that is great news.  If hedged I would lose 75%+ of my bitcoins.  I was really wondering and worried about that.  Thanks for the thread.
Title: Re: Vendor Bond Question
Post by: Ticket on March 28, 2013, 02:37 pm
Awesome! I can't believe BTC may be worth $100 by the time I get the bond back. :)
Title: Re: Vendor Bond Question
Post by: omnis on April 07, 2013, 01:30 pm
Wow that is fantastic news  ;D
Title: Re: Vendor Bond Question
Post by: Vatican on April 07, 2013, 07:00 pm
Vendor bond is unhedged -- you'll get back the amount of bitcoins you paid in  :)

Great! 8)
Title: Re: Vendor Bond Question
Post by: canuckboy on April 07, 2013, 09:07 pm
Some people have gotten $2500 back.   Imagine that. Lucky fucks t
Title: Re: Vendor Bond Question
Post by: Ticket on April 13, 2013, 05:58 pm
Yeah, I was just a week shy of being able to cash out at $230/bitcoin. I submitted my bond at $22.
Title: Re: Vendor Bond Question
Post by: UnWizard on April 27, 2013, 10:35 pm
 ;D I thought there was an error in the system when I received my original bond plus $2,500.00 just now. I am happy to see that this was supposed to happen. Although, if I had known I would have been patient enough to let it go back up to $200+ per BTC.
Title: Re: Vendor Bond Question
Post by: Ticket on April 29, 2013, 04:53 pm
;D I thought there was an error in the system when I received my original bond plus $2,500.00 just now. I am happy to see that this was supposed to happen. Although, if I had known I would have been patient enough to let it go back up to $200+ per BTC.

Um... you can still hold your BTC and wait until it goes back up to $200 before exchanging back to USD (or whatever currency). Whether it's in the hands of The Road or your wallet, it doesn't matter.
Title: Re: Vendor Bond Question
Post by: wakeside917 on April 29, 2013, 05:01 pm
Vendor reimbursement?  When did this happen?  I paid the fee well over a year ago.  How do I apply to get reimbursed?
Title: Re: Vendor Bond Question
Post by: Ticket on April 29, 2013, 05:07 pm
Vendor reimbursement?  When did this happen?  I paid the fee well over a year ago.  How do I apply to get reimbursed?

A year ago you didn't submit a bond. You submitted a fee. The Road switched from a $150 fee to a $500 bond several months ago. Thus, you aren't eligible for a refund.
Title: Re: Vendor Bond Question
Post by: wakeside917 on April 29, 2013, 05:54 pm
I do easily well over both those numbers each month.  Do I qualify?
Title: Re: Vendor Bond Question
Post by: Arcturian on April 29, 2013, 06:57 pm
Yup, unhedged, i got mine about a month ago and didnt know this and imagine my disbelief when i'm reimbursed £1800 :D
Title: Re: Vendor Bond Question
Post by: UnWizard on April 30, 2013, 08:57 pm
;D I thought there was an error in the system when I received my original bond plus $2,500.00 just now. I am happy to see that this was supposed to happen. Although, if I had known I would have been patient enough to let it go back up to $200+ per BTC.

Um... you can still hold your BTC and wait until it goes back up to $200 before exchanging back to USD (or whatever currency). Whether it's in the hands of The Road or your wallet, it doesn't matter.

Yeah but we all know I am going to spend this "unexpected bonus" on fun supplies. But seriously, I probably will keep it until the price jumps back up. Assuming SR comes back soon...
Title: Re: Vendor Bond Question
Post by: bbbaac on April 30, 2013, 09:09 pm
whats the amount you are allowed to get the bond back ? and does anyone qualify if you pass that amount ?
Title: Re: Vendor Bond Question
Post by: Ticket on May 05, 2013, 05:38 pm
whats the amount you are allowed to get the bond back ? and does anyone qualify if you pass that amount ?

Read the seller's guide.
Title: Re: Vendor Bond Question
Post by: MrAnonymous on May 07, 2013, 07:36 am
Yeah I paid 330GBP for the bond and got 750GBP back 6 weeks later - t'was a nice little investment!  ;)
Title: Re: Vendor Bond Question
Post by: caman420 on May 09, 2013, 09:02 pm
With all the madness last month we forgot all about the bond.  Great time to reinvest