Silk Road forums

Discussion => Newbie discussion => Topic started by: DoloresHumbert on April 11, 2013, 08:09 pm

Title: Escrow in bitcoin
Post by: DoloresHumbert on April 11, 2013, 08:09 pm
So I ordered a ten strip of LSD from Haizenberg before the bitcoin crash, and I was wondering; can vendors cancel the order I made, just because the money is in escrow in bitcoin? I hope not, because then I'd not get anything :/ The bitcoin is now only worth 48 dollars compared to the 90 it costs...

God damn bubble burst.
Title: Re: Escrow in bitcoin
Post by: canumafiesta on April 11, 2013, 08:11 pm
well, ive heard they can do that.
some vendors will be nice and process the order, but i guess the majority will just cancel
Title: Re: Escrow in bitcoin
Post by: DoloresHumbert on April 11, 2013, 08:16 pm
well, ive heard they can do that.
some vendors will be nice and process the order, but i guess the majority will just cancel

Well that fucking sucks... This is why escrow should always be in dollars.
Title: Re: Escrow in bitcoin
Post by: bionik on April 11, 2013, 08:19 pm
well, ive heard they can do that.
some vendors will be nice and process the order, but i guess the majority will just cancel

Well that fucking sucks... This is why escrow should always be in dollars.
ROGER THAT!
Title: Re: Escrow in bitcoin
Post by: canuckboy on April 11, 2013, 08:25 pm
Hahaha

No guys

It's hedged.  At least most smart vendors would do that
Title: Re: Escrow in bitcoin
Post by: canumafiesta on April 11, 2013, 08:26 pm
well, mine didnt hedge /./

at least its in btc @ escorw
Title: Re: Escrow in bitcoin
Post by: DoloresHumbert on April 11, 2013, 08:31 pm
Hahaha

No guys

It's hedged.  At least most smart vendors would do that

Says on the "Account" page:

escrow (usd)    escrow (btc)    available
$0.00            ฿0.39            ฿0.03446763

Shit sucks.
Title: Re: Escrow in bitcoin
Post by: lanman on April 11, 2013, 08:50 pm
I placed an order today with Fartbomber, and he cancelled the order after a few hours. He did send me a message stating that SR was not pricing the item correctly and that he could not sell at a loss. The order was not hedged.

I understand that with the sharp BTC drop, the seller have taken a loss. Personally, I don't mind that he cancelled, since I bought the BTC a while ago when it was lower, but somebody who had purchased BTC at the recent high price and had his ordered canceled would not be happy.
Title: Re: Escrow in bitcoin
Post by: DoloresHumbert on April 11, 2013, 08:59 pm
I bought them at the high-point, $260. Fuck I feel so stupid.
Title: Re: Escrow in bitcoin
Post by: YetAnotherWhiteGuy on April 11, 2013, 09:28 pm
Don't feel alone. There's loads of stupid feelings going around.
Title: Re: Escrow in bitcoin
Post by: DoloresHumbert on April 11, 2013, 09:39 pm
Just got a message from Haizenberg, and he's not canceling! My god I may have found my favourite vendor.
Title: Re: Escrow in bitcoin
Post by: CradleofMILF on April 11, 2013, 11:41 pm
My order from samgiancana was cancelled due to the mtgox issue. I think a good vendor would let a new buyer get their product no matter what. The vendors made tons of money when btc went up the roof and bow that its crashing they are going to complain about losing it. You can't have it both ways.
I did have my order from top gear go through. Or he at least said he was goingto ship it today. I'm glad some vendors aren't worried about losing a tiny bit of Money to keep customers satisfied.