Silk Road seller acc now cost ~ 500$

[sacko]

Good news or bad news for Bitcoin? What do you think?

[1715416550]

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[Vod]

Yesterday Silkroad raised the price for seller accounts from 12 to 37 BTC.

Looks like there is room for competition.

[b!z]

is gud deel for sr owners.

[cunicula]

I think this is good call on Silk Road's part. It should reduce scams and ensure a high quality of service (uptime, etc.).

It provides an opening for lower cost competition of course. This is also good news.

[Frequency]

Yesterday Silkroad raised the price for seller accounts from 12 to 37 BTC.

Looks like there is room for competition.

How much does an BMR seller account cost??

I also think it is a good step, filtering the real from the scammer..

[evoorhees]

I think this is good call on Silk Road's part. It should reduce scams and ensure a high quality of service (uptime, etc.).

It provides an opening for lower cost competition of course. This is also good news.

I agree. Keep the bar high there.

[hamdi]

it will weed out scammers.

[molecular]

I think this is good call on Silk Road's part. It should reduce scams and ensure a high quality of service (uptime, etc.).

It provides an opening for lower cost competition of course. This is also good news.

+1 on both parts. Although I think the revenue is high enough already for buying very good service infrastructure.

"They" could've slightly reduced the percentage-share they take from each purchase at the same time, though.

[myrkul]

I think this is good call on Silk Road's part. It should reduce scams and ensure a high quality of service (uptime, etc.).

It provides an opening for lower cost competition of course. This is also good news.

You've slipped out of character, cunicula. You should be advocating more state controls on drugs.

That said, I agree completely. Smart move on SR's part.

[Fcx35x10]

good move! keep the quality not quantity

[greyscale]

Yes good move, perhaps it will serve to prevent dodgy dealers or at least tax them

[repentance]

it will weed out scammers.

Not necessarily.  If you're paying with either stolen Bitcoins or Bitcoins bought with stolen cards then the price isn't going to act as much of a deterrent to entry. 

Price hikes are a good way of limiting the number of sellers and controlling their rate of growth, though.

[theymos]

I'd probably make seller accounts cheap. Sellers are what make the site useful, and they take most of the risk. If more revenue is needed, transaction fees would be a better place to get it.

But running a site like Silk Road is incredibly risky even with Tor, so they can charge whatever fees they want without having to worry too much about competition.

[hamdi]

on the other hand a silk-road-tshirt costs only $5 -> https://www.bitmit.net/en/item/11516-silk-road-handmade-designer-t-shirt

[Yuhfhrh]

on the other hand a silk-road-tshirt costs only $5 -> https://www.bitmit.net/en/item/11516-silk-road-handmade-designer-t-shirt

Couldn't have advertised it better myself. 

[molecular]

on the other hand a silk-road-tshirt costs only $5 -> https://www.bitmit.net/en/item/11516-silk-road-handmade-designer-t-shirt

Couldn't have advertised it better myself. 

I'd buy it if it was size M.

[FreeMoney]

it will weed out scammers.

Not necessarily.  If you're paying with either stolen Bitcoins or Bitcoins bought with stolen cards then the price isn't going to act as much of a deterrent to entry. 

Stolen money is worth the same and the spender has to give up whatever else they could have bought just like people with earned money do.

[FreeMoney]

I'd probably make seller accounts cheap. Sellers are what make the site useful, and they take most of the risk. If more revenue is needed, transaction fees would be a better place to get it.

But running a site like Silk Road is incredibly risky even with Tor, so they can charge whatever fees they want without having to worry too much about competition.

Certainly it could be pushed to a point of being too limiting, but I think keeping out scrubs also makes the site more valuable.

[MPOE-PR]

I think this is good call on Silk Road's part. It should reduce scams and ensure a high quality of service (uptime, etc.).

It provides an opening for lower cost competition of course. This is also good news.

I agree. Keep the bar high there.

Wow, more than MPEx?! What do the pill kids take themselves for?

Certainly it could be pushed to a point of being too limiting, but I think keeping out scrubs also makes the site more valuable.

How things have changed.

[bitcoinbear]

I think this is good call on Silk Road's part. It should reduce scams and ensure a high quality of service (uptime, etc.).

It provides an opening for lower cost competition of course. This is also good news.

I agree. Keep the bar high there.

Wow, more than MPEx?! What do the pill kids take themselves for?

Certainly it could be pushed to a point of being too limiting, but I think keeping out scrubs also makes the site more valuable.

How things have changed.

There is a big difference between charging for a sellers account and charging for anybody wanting to do anything with the platform. If MPEx just charged to create a listing, then it would be comparable. The MPEx model for silkroad would be to have anybody who wants to purchase any products first shell out several bitcoins to get an account.

[caffeinewriter]

Yesterday Silkroad raised the price for seller accounts from 12 to 37 BTC.

Looks like there is room for competition.

How much does an BMR seller account cost??

I also think it is a good step, filtering the real from the scammer..

*cough* BTC0.00000000

SR's better for buyers, but BMR's better for new sellers.

[flaxceed]

Yesterday Silkroad raised the price for seller accounts from 12 to 37 BTC.

Looks like there is room for competition.

How much does an BMR seller account cost??

I also think it is a good step, filtering the real from the scammer..

*cough* BTC0.00000000

SR's better for buyers, but BMR's better for new sellers.

BMR volume is miniscule and a very high percentage of the buyers are scammers relative to SR.

[caffeinewriter]

Yesterday Silkroad raised the price for seller accounts from 12 to 37 BTC.

Looks like there is room for competition.

How much does an BMR seller account cost??

I also think it is a good step, filtering the real from the scammer..

*cough* BTC0.00000000

SR's better for buyers, but BMR's better for new sellers.

BMR volume is miniscule and a very high percentage of the buyers are scammers relative to SR.

Digital goods can be relatively low risk though, as they're easily proven.

[MPOE-PR]

There is a big difference between charging for a sellers account and charging for anybody wanting to do anything with the platform. If MPEx just charged to create a listing, then it would be comparable. The MPEx model for silkroad would be to have anybody who wants to purchase any products first shell out several bitcoins to get an account.

Maybe they're moving that way in steps?

[Korbman]

Ha!

I agree. Keep the bar high there.

it will weed out scammers.

*ba dum, tish*

Seriously surprised no one else got those haha


Anyway, back on topic. Keeping the cost to entry high definitely filters out the scammers and would provide a better sense of security when purchasing a product. From what I've gathered by wandering the site, the vast majority of sellers have probably been in the game long enough to be able to afford an even higher entrance fee. If some kid with a plant in their closet is looking to get into the game, they'd just have to consider the cost of doing business.

[Frequency]

Ha!

I agree. Keep the bar high there.

it will weed out scammers.

*ba dum, tish*

Seriously surprised no one else got those haha


Anyway, back on topic. Keeping the cost to entry high definitely filters out the scammers and would provide a better sense of security when purchasing a product. From what I've gathered by wandering the site, the vast majority of sellers have probably been in the game long enough to be able to afford an even higher entrance fee. If some kid with a plant in their closet is looking to get into the game, they'd just have to consider the cost of doing business.

then the kid goes sleeping in the closet and sets his room full with haze..to pay the new fee@SR   

[Third Way]

Yesterday Silkroad raised the price for seller accounts from 12 to 37 BTC.

Looks like there is room for competition.

How much does an BMR seller account cost??

I also think it is a good step, filtering the real from the scammer..

*cough* BTC0.00000000

SR's better for buyers, but BMR's better for new sellers.

You're half right.

For a level 1 seller in BMR
Level 1 activation has a cost of 1 bitcoin, at least that sum has to be deposited to your account in order for you to be activated as seller.

For level 2, I don't think they charge.

[Edit]. Correction for both Level 1 and Level 2 seller account on BMR your account must first have a 1BTC deposit for an "activation fee".

[Third Way]

on a related topic SR appears to have been comprised....
alot of images of items now come up with an addy you can send btc to.."quick buy" or something.... but yeah its a scam. looks like it was made in mspaint.
I think the theory is people have figured out howto replace images on the site using sql injection of sorts.

At first it was just happening to the top sellers, but now its slowly happening to all the items... when it happens the seller has to re-list the item otherwise the postage options don't work.

>Black market problems

But it's ok, Bitcoins aren't "real" money.


Hope this isn't the final straw for SR. Now that they are going to lose people's confidence since they're going to be the target of future hacks as well. Or at the very least very many attempts.