Agora raises Vendor Bond due to BTC drop

I'm sure this will get some flak around here, but in light of BTC price at $295 (and dropping?), Agora has raised the bond for new vendors to 1.5 BTC.

Quote: "With the Bitcoin price dropping and so many new vendors requiring FE, we came to a conclusion that 0.6 was simply not enough to stop scammers. The new vendor bond requirement is currently 1.5 BTC. It should still be a no-brainer for any serious operation, and will give buyers more security. As before, the bond is fully returned if a vendor decides to close his/her account."

Out of curiosity, I looked into when it was initially raised to 0.6 BTC... on March 9th 2014, when BTC was $633. So it was roughly $380 at that point. This new bond would be roughly $440.

Discuss.


Comments


[19 Points] CocaineNose:

<n/a>


[4 Points] None:

[deleted]


[3 Points] silkyyyyy:

Why not just pose it in USD and have it scale when the price does?


[6 Points] DrQuarters_:

I thoroughly enjoy nucleus


[2 Points] WhereDidHeeGo:

I also think this is a great idea. Anybody know what BTC was at when Agora started asking for a vendor bond? Maybe they should ask for more than 1.5BTC HAHA READ OP: Agora bond should be 2BTC min.

ALSO NOT AGOAGORAKTHXBGN


[2 Points] Hank_Vendor:

Should be higher .


[0 Points] 99daddrufgs2:

Vendor bonds have never stopped schammers you dumb fucks unless the bond was way mroe than they can bet scamming, guess what its not]

agora is cashgrabbing because its $200k/mo its been banking is getting robbed by the market faster than it can make it lol im sure their shitting themselves as we speak


[-7 Points] None:

This will not stop scammers.....Not one bit..It will jsut make some people feel a bit safer to FE, which is a terrible ideaa. Agora you greedy bitch.


[-9 Points] holecloud:

Just more bullshit from agora as usual, why set it higher than it was? And only 60-80 higher? I had the same thought about this earlier, would have been a good time to get in for some legit small ops, but oh well. I'm pretty sure $440 isn't goint to stop people from scamming? Big vendors that come up quick, will still get over on people, because $440 bucks is irrelevant when you got 40 G's in escrow or FE'd. Just don't FE.