Silk Road forums

Discussion => Silk Road discussion => Topic started by: MrGone on August 08, 2012, 03:59 am

Title: You're only paranoid if you're wrong.
Post by: MrGone on August 08, 2012, 03:59 am
I find myself wanting to order something from the marketplace. I find the idea of the escrow comforting, but how do they actually work it? How does the escrow decide if what you purchased was fake or not what it was advertised to be? This is a primary concern of mine and I would appreciate the opinions of others regarding this matter. I am reticent to jump into another rip-off as I have in the past. I'd like to think this place is different, but I see nowhere in the "fine print" where SR or it's administrators actually test the purchased item for validity or strength. Any feedback or opinion regarding this issue would be much appreciated.
Title: Re: You're only paranoid if you're wrong.
Post by: pulpfiction on August 08, 2012, 04:47 am

I think reading more into the forums could answer many of these questions you have. From my understanding escrow does not determine if your purchase was fake or not, it is more of an intermediary that holds a specific amount between the buyer and seller. This place certainly is different. Why  would the administrators of the SR test your purchased items?

Hi Oscar.
Title: Re: You're only paranoid if you're wrong.
Post by: flicky42 on August 08, 2012, 05:46 am
I find myself wanting to order something from the marketplace. I find the idea of the escrow comforting, but how do they actually work it? How does the escrow decide if what you purchased was fake or not what it was advertised to be? This is a primary concern of mine and I would appreciate the opinions of others regarding this matter. I am reticent to jump into another rip-off as I have in the past. I'd like to think this place is different, but I see nowhere in the "fine print" where SR or it's administrators actually test the purchased item for validity or strength. Any feedback or opinion regarding this issue would be much appreciated.
I am really confused what your understanding of escrow is but this is how it works:

You buy an item and your bitcoins go to escrow which is a middle man system that holds your money and is run by SR.

You get your product (or you FE) and you  click "finalize" to release your BTC from escrow to the vender. Escrow is also used to hold your coins in case you have a problem and need to settle it with the SR admins. They will decide if your BTC goes to the vender or you in that case.