Bitcoin Forum

I never used it.

Did you send BTC to your account and this is how the guy made a commission?

Nobody, has ever explained how it actually functions.

I think the court documents explained it pretty well.

Court documents actually point out how it worked? so far from what I read its an overview.

I know they charged for Seller accounts, about $100 I think (may have varied), as a way to filter for serious sellers. They probably also had some kind of Buyer/Seller payment escrow of which they could take a percentage.  But they could also charge for other things, like featured placement/advertising etc. There was no shortage of ways to make money. That's capitalism at work. There was so much pent up demand for such a marketplace that it was easily a financial success. That's why there are already at least two more underground marketplaces I've seen already looking to fill the void, with more planned.

Sellers had to pay a 6.23% commission on every sale but this was later changed:
http://www.reddit.com/r/SilkRoad/comments/1i0r8l/dead_pirate_roberts_addresses_commission_increases/


$500 at least IIRC

They used to be free before though.

out of curiosity, how exactly did he come up with the number 6.23? Seems super random.

No idea. You may try sending him a letter once he's in prison.  :P

{yawn}