Silk Road forums

Discussion => Security => Topic started by: Cali Kid on March 28, 2012, 11:29 pm

Title: I have a question about bitcoins and SR I hope someone can answer.
Post by: Cali Kid on March 28, 2012, 11:29 pm
I understand how the whole bitcoin process works and all that, but my question is this, if someone posts (on SR) like for example a vial of k which I found for I think like 30-40 bitcoins or a few other drugs that looked like they were priced fairly if we were going by the dollar, but aren't bitcoins worth like 20 times the price of a dollar at the moment? So said vial of k would be 30-40 dollars times 20. So 600-800 for that vial? I looked up every other drug that had replies as being "fairly priced" and still got absolutely outrageous figures for them? Someone wanna help out a dumb blond? ;)
Title: Re: I have a question about bitcoins and SR I hope someone can answer.
Post by: mdmamail on March 28, 2012, 11:35 pm
Under settings you can convert all prices to $USD
Then when you checkout it converts it to bitcoins so you know how many to send for the order.

Look at mtgox.com to find the current rate, it shows it on the main page. Think it's $4.7/per coin right now so 30BTC = ~$140 or so
Title: Re: I have a question about bitcoins and SR I hope someone can answer.
Post by: RickyStan16 on March 29, 2012, 02:26 am
Okay, I'm new but very interested in purchasing. But one thing that has me off, like OP, is the price of everything. I'm looking at a listing for a certain pill that I could get for 3-4 dollars on the street but the listing is offering it for 20 USD. It isn't just this specific pill either, it seems like everything is rather overpriced. I know I probably sound like some stupid new kid, but if anyone could explain that it'd be great.
Title: Re: I have a question about bitcoins and SR I hope someone can answer.
Post by: mdmamail on March 29, 2012, 02:34 am
Okay, I'm new but very interested in purchasing. But one thing that has me off, like OP, is the price of everything. I'm looking at a listing for a certain pill that I could get for 3-4 dollars on the street but the listing is offering it for 20 USD. It isn't just this specific pill either, it seems like everything is rather overpriced. I know I probably sound like some stupid new kid, but if anyone could explain that it'd be great.

Depends, some stuff here is cheaper than what I can buy locally. Some other stuff expensive.
It's all about how much risk the vendor has to endure to make it worth their while, what the demand is. Really good LSD is hard to find, so the shit I buy locally is only $5-10 tab but it's shit. Good euro LSD is hard to find where I live it's sold out before it even arrives
Title: Re: I have a question about bitcoins and SR I hope someone can answer.
Post by: RickyStan16 on March 29, 2012, 02:37 am
Yeah, I guess I wasn't taking in account shipping and the whole risk factor. Plus, from what I hear SR normally has high quality stuff. Hmm I guess it's just the prescription stimulant section that seems ludicrously overpriced.
Title: Re: I have a question about bitcoins and SR I hope someone can answer.
Post by: Cali Kid on March 29, 2012, 05:59 am
Thx a ton MDMAMAIL you answered my question. If the current price is closer to about $4 ish then the prices are better than I thought. Not ideal,but since you can get it safely and anonymously I'll pay the extra.. Thx also about the conversion option on SR I had no idea you could do that. Maybe I'll get some of that mdma off ya sometime ;)
Title: Re: I have a question about bitcoins and SR I hope someone can answer.
Post by: jochem on March 29, 2012, 07:41 am
Regarding the current BTC price: preev.com has a nice convertor (using the mtgox rate).

Okay, I'm new but very interested in purchasing. But one thing that has me off, like OP, is the price of everything. I'm looking at a listing for a certain pill that I could get for 3-4 dollars on the street but the listing is offering it for 20 USD. It isn't just this specific pill either, it seems like everything is rather overpriced. I know I probably sound like some stupid new kid, but if anyone could explain that it'd be great.
It's just basic economic principle of supply and demand (main reason for the inflated prices, I think). Also keep in mind that this is a global market, so usually you'll pay a high price for what you can easily get locally and a low price for stuff that's hard to get locally. And finally: some (most?) gear is higher quality here than what you'd normally get, which might justify the higher prices.
Title: Re: I have a question about bitcoins and SR I hope someone can answer.
Post by: boniface1100 on March 29, 2012, 08:57 pm
OK I hope this is not a faux pas but I will talk brass tacks. I am an opiate consumer. I can get high locally, for a few dollars, say 15 on a good day :- The lowest price for one bag, presumably one dose, on SR is @25, up to 35. Plus the cost of buying the btc. Add in the postage for the seller, but for yourself, deduct an amount which reflects the wait time and anxiety involved.
So, unless this is something incredibly fantastic, it will not, economically, displace my regular channels.
Plus you do see a lot of ads for stuff like $10 vicodins, makes me not want to buy, but get some and sell it.
I'm aware this dialog must violate some SR custom, because this is the obvious analysis- can I get a better deal on SR? There are some advantages, but they are weighed out by the disadvantages