Silk Road forums
Discussion => Newbie discussion => Topic started by: millhorse on April 02, 2013, 09:35 am
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I placed an order over a month ago that has never shown up. No big deal, was bound to happen eventually, and the vendor has stayed in touch and suggested a 50% refund. I am at his mercy too 'cos I was going to be offline for a bit and FE'd based on his feedback and the assumption that the order would arrive long before I was back online.
The dilemna:
I paid him 2.5BTC over a month ago. I have not had the use of those coins for over a month.
But the value of BTC has soared in that month. A 50% refund, or 1.25 BTC could let me place the same full order again, with change.
If I bought something on Amazon that never showed up, I would get the money I paid back regardless of whether the price had been reduced in the meantime. Likewise, if I bought something in a bricks and mortar shop that developed a fault, I would be entitled to my money back, even if the item was now reduced in a sale.
So what's fair now?
Do I get my 1.25 bitcoins back? Remember I have still lost half of my outlay.
Do I get the bitcoin equivalent of half of the dollar value of the bitcoins I paid a month ago. This would be much less than a quarter of what paid in BTC and I have also been without the use of my coins for over a month.
Interested to hear what folks think is a reasonable outcome here.
Other thought: The out and out cynic in me wonders is this part of a SR business model? If I'm a vendor I can decide to simply not send every tenth order from a new customer. Worst case scenario, I get to keep half the money every time and I still get enough positive feedback to keep people buying. Best case scenario, I keep all the money for over a month, BTC more than doubles in value and I eventually refund about a fifth of what I was paid. Added bonus, with the free money I get doing this I can subsidise my prices to keep them among the lowest on SR, ensuring an ever widening customer base to rob 10% of.
Thoughts?
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I placed an order over a month ago that has never shown up. No big deal, was bound to happen eventually, and the vendor has stayed in touch and suggested a 50% refund. I am at his mercy too 'cos I was going to be offline for a bit and FE'd based on his feedback and the assumption that the order would arrive long before I was back online.
The dilemna:
I paid him 2.5BTC over a month ago. I have not had the use of those coins for over a month.
But the value of BTC has soared in that month. A 50% refund, or 1.25 BTC could let me place the same full order again, with change.
If I bought something on Amazon that never showed up, I would get the money I paid back regardless of whether the price had been reduced in the meantime. Likewise, if I bought something in a bricks and mortar shop that developed a fault, I would be entitled to my money back, even if the item was now reduced in a sale.
So what's fair now?
Do I get my 1.25 bitcoins back? Remember I have still lost half of my outlay.
Do I get the bitcoin equivalent of half of the dollar value of the bitcoins I paid a month ago. This would be much less than a quarter of what paid in BTC and I have also been without the use of my coins for over a month.
Interested to hear what folks think is a reasonable outcome here.
Other thought: The out and out cynic in me wonders is this part of a SR business model? If I'm a vendor I can decide to simply not send every tenth order from a new customer. Worst case scenario, I get to keep half the money every time and I still get enough positive feedback to keep people buying. Best case scenario, I keep all the money for over a month, BTC more than doubles in value and I eventually refund about a fifth of what I was paid. Added bonus, with the free money I get doing this I can subsidise my prices to keep them among the lowest on SR, ensuring an ever widening customer base to rob 10% of.
Thoughts?
It's certainly not something the vendors have any control over. Back when I was trading I had to point out to customers that I also lost out if the Bitcoin dipped in value as it did quite dramatically last August for instance after the Pireat40 Ponzi collapsed, so it does work both ways.
If you're offered the USD equivalent of 50% of your original order I would suggest you accept it and plough your Bitcoins into the Bitcoin Stock exchange, invest in a mining rig or similar and sit on top of the dividends, you'll make your original order back and more with luck. The Bitcoin is likely to increase in value even further before it comes crashing back down to earth.
V.