In the interest of creating a market for decred I am willing to trade a limited number of 1oz bars of .999 silver bullion for decred. To continental USA only. I have set the 1oz. price + premium + shipping/handling + escrow 4% as below. --FOR EXAMPLE-- 1oz price $15.40 + $2USD per ounce + $10USD (for padded envelope/First Class mail with tracking X 2) + $1.10 Escrow = $28.50 @ $1.30USD per DECRED = 21.93 DECRED/oz. To continental USA only. --Actual numbers will be determined during transaction-- We already have a completed transaction noted in this thread. It was completed without escrow. Escrow is optional and will reduce total if not used by $6.10. Reply here if you want to get in line to make some of the first decred purchases for something real. Proof of goods = Above is an 8x4 sheet of 1oz silver bullion bars Bar # Reserved 1-6.CrzyTed - sold 7-25.This could be you!
I am sure as a legit seller you will accept escrow through a reputable member of this forum e.g. one of the DCR devs, right?
I would be willing to do that. Unless it is free though I am not sure the amount is worth an escrow. 1oz silver bars are currently $14.05USD. Escrow is usually used for items in the hundreds or more? Or has a minimum charge if the value is low? But if we can work something out sure. Like I said I am willing to make some of the first real sales/purchases with decred. As for EU delivery I figured there would be issues like VAT? I dont have experience with that in recent years. Any international ebay sellers want to weigh in? I think we can get away with non taxed internet purchases for USA still? If not someone please correct me.
Most European countries do not charge any VAT and customs duty for values below appr. 25 USD. The shipping will go straight to the recipient. Escrow is default on legit markets with legit sellers, for any amount. Anyone buying without escrow should not complain later if he got scammed. If you are legit and want to sell without escrow, simply because this is no market here yet and therefore no escrow is implemented, I suggest you send out a sample to one of the devs who might be interested in the offer. If everything goes well, other users will find it easier to send you coins in advance.
I think you missed the part where I said "I am willing to do that." regarding escrow. I only speculated that it might be hard to find someone to do so on such small amounts. I am not trying to become a powerhouse seller or anything like that. I am simply offering to further the community and the legitimacy of decred by exchanging decred, an unknown value, for something of real value, namely silver bullion. Silver bullion being an accepted, universal, non fiat form of money. Are you willing to trade decred for a 1oz bar of silver if an escrow service is used LastNinja? I am willing to put my money, real money, where my mouth is. Are you?
A legit seller doesn't feel personally attacked when he is made aware of best practice. With escrow you will certainly sell all those bars in no time. And the buyers can be sure they are part of the first purchase of physical goods with DCR and not of the first scam with DCR. I am personally not sentimental about metal and storing significant value particularly in silver requires too much space for storage anyway. But you'll probably find enough people that would like to own one of those bars for sentimental reasons.
I dont feel personally attacked at all by your comments. I am simply pointing out the bane of all internet forums - The disinterested interested party.
Can i ask you a simple question? Why are you selling Silver in the year when all the market expert have predict a 200% silver price incrase?
Don't blame me that nobody has taken your offer yet. The reason could be as simple as nobody having DCR yet. I am sure you are aware of this. But once DCR is launched I am sure 25 airdrop receivers will buy your bars in a matter of an hour if escrow will be available and therefore the purchase will be safe. I am not sure if you ever sold on a web market. Let me tell you it is best practice that you do it through escrow epecially if you are a new seller with no sell history and no reputation therefore. Nobody sends coins to a pseudonym. Don't take it personally.
Pure speculation and diversification. Posts of silver taking off and going to the stars have been posted for years. When will it happen? I do not know. I will not lie. In addition to the altruistic want to help create perceived value in decred by exchanging it for a known store of value I am willing to speculate a small amount of silver in hopes of future gain once 3rd party decred exchanges are created. How long will that take? Who knows. I think I am taking all the risk here initially. Decred could be $.05 in a month and stay that way for a long time. I dont think it will be low forever, hence the speculation, but nobody can say for sure.
I am not blaming you for anything or taking your comments personally at all.. I agree 25 people probably will take me up on it. Especially with free airdrop decreds in exchange for an established store of value. I am simply pointing out the penchant for the internet to create people who insist on trying to impose their view and/or regulations on transactions they have no interest in being involved in. It reeks of fiat slinging, overreaching government. It rubs me the wrong way. This may be what you are perceiving. I have already stated my willingness to use escrow if desired. From my point of view the risk is all mine. Decred has no real value yet. I am willing to assume risk that may take years for me to recover. The buyer has very little real risk in exchanging something they received for free. Is that not what a market is? Parties willing to invest and assume risk to create value?
At the same time when Gold will take off. They are de facto pegged. The ones who decide when Gold and therefore Silver will take off are a few large central banks. This market is rigged. Another reason I personally don't like it. For ultra long-term storage of value however still a good asset, or does anyone expect that in 100 years from now suddenly nobody would buy Gold/Silver anymore?
Drunkenmugsy, LastNinga... I see both points of view here. Mugsy, I appreciate how you are willing to put up a physical commodity in exchange for a digital cryptocurrency with as of yet an unknown value. (this helps the cause of medium of exchange and ultimately adds to the idea of physical value to future currency) Ninja, your persistence of an escrow is without a doubt necessary. However, the larger question might be, what escrow service would be agreed upon? I am interesting in what Blizzy is researching with market expert predictions of +200% silver and with what time frame? Ag is more likely to see sub $12-13 unit prices in the coming few months despite recent volatile market conditions.
Since this is no marketplace here and escrow isn't implemented, one dev would have to handle it manually. I think it would be worth the effort since it will be the first purchase of physical goods with DCR. Of course anyone can try it without escrow on his own risk. After all the amount is low and TO looks legit IMHO.
Nice to see some efforts to trade and make use of Decred like this early on, though I will most likely have to pass up this offer.
It does not have to be a dev. (And actually, with the slander press, that is probably a bad idea for them.) It needs to be someone credible with a presence in the real world, who is independent of the success or failure of Decred. That is he key to escrow; a disinterested third party. As I have some standing in the Linux, FOSS and Firewall community, and can be easily found in the real world, I have considered doing this myself. It would be temporary, until some of the major exchanges carry Decred, but I think I might be a good person to fill the need. What do you think?
A simple google of your name and firewall brings up smallwall. Is this you? Can you post a page on smallwall.org to verify? Maybe /decred.html? I am ok with this. Maybe someone else can vouch for you as well? What would you charge? This will probably require doubling the postage and handling and a envelope within an envelope would be needed. Once you tag on an escrow fee we are looking at 50% of product cost? I find this laughable but if someone insists on escrow so be it. I am game.