Silk Road forums

Support => Feature requests => Topic started by: thereefers245 on June 03, 2013, 07:31 pm

Title: Bitcoin balance hedging system
Post by: thereefers245 on June 03, 2013, 07:31 pm
It would be very useful if SR implemented a hedging system for buyer's and vendor's bitcoin account balances. I assume the way the hedging system works for orders is that as soon as the order is placed the bitcoins are sold at market value at whatever market SR uses, converting them into USD, and then when the order is finalized/canceled etc they are quickly rebought and transferred. This same system should if possible be implemented for people's accounts full of bitcoins, preventing loss if the market crashes. Of course it would be voluntary and SR would charge a fee of some sort. Would this be possible? Any thoughts? Correct if I'm wrong if that is not how the hedging system works.
Title: Re: Bitcoin balance hedging system
Post by: Logic on June 03, 2013, 08:42 pm
This would be amazing, it would set my mind at ease quite a bit. However I have no idea how the hedging system works and this would probably be too much of a risk for SR.
Title: Re: Bitcoin balance hedging system
Post by: Cricketkingdom on June 04, 2013, 12:17 am
 ???

This is why you have an account at an exchange.
Title: Re: Bitcoin balance hedging system
Post by: thereefers245 on June 04, 2013, 02:18 am
Yes but you can't be completely 100% anonymous at an exchange now can you, since most of them aren't accessible through tor.