Silk Road forums

Support => Feature requests => Topic started by: operatorplease on April 12, 2013, 02:26 am

Title: Hedging/non hedging vendor side adjustment to protect customers in flash crashes
Post by: operatorplease on April 12, 2013, 02:26 am
Hi all, firstly we are a vendor on Silkroad and what we suggest is that if a vendor chooses to switch from non-hedging to hedging that they be not allowed to cancel any processing orders that fall under the old setting.

We understand that vendors stand to lose some money in situations like this but at the same time by non-hedging a greedy inclination is shown as well as a risk taking one as while this is selected in an appreciating market they end up with the increased value of btc as opposed to a balanced one and continue to benefit (as have we until the last few days) strongly from the exponential increase in btc value (If anything a correction in btc price in unhedged order's just balances things out IF they're a smart vendor).

This change is suggested for when a situation like this occurs:

When a vendor cancels a processing order all because their own preference doesn't work for them at this current time after making a killing in weeks previous the customer receives in return a sum of money nothing like the original investment and is then asked to reinvest at the same buy in price if they want the product ONCE the vendor has switched to hedging. We understand it's suggested to customers to go with vendors who hedge but ultimately more can be done to protect them from those who are overwhelmingly greedy.

By the way unlike some we are still honoring all unhedged orders, though our settings have now changed.
Title: Re: Hedging/non hedging vendor side adjustment to protect customers in flash crashes
Post by: canumafiesta on April 12, 2013, 10:08 am
Nice play and +1 for the idea