I would ask you whether or not someone who is unable to produce enough value to sustain even their own lives is entitled to the products of those who are able to sustain their own lives? Do you believe a market wage till tend to be unfairly decoupled from a workers marginal revenue product in a free market society?
If a worker accepts employment in which he does not receive a high enough wage to sustain himself, then he's an idiot. A worker should only accept employment in which he receives a high enough wage to sustain himself. If all workers do this, it creates a natural minimum wage floor. The minimum wage floor gives the job seeker some bargaining power, in a sense. No, it removes the ability to bargain. There's a difference. In your world, perhaps. But we don't live in your world for a good may reasons. In the real world, there aren't actually job seekers out there wanting to work for less than minimum wage. Thus, they are saved from being offered really shitty deals. Get it? I would argue that there are, because the minimum wage is too high. Did you read the paper? No. |
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Well, probably because electronics are only truly useful for a short period of time, then people would purposefully break them to get a newer/better model.
People already routinely do that, where they "accidentally drop" a friends smartphone, then ask their insurance to pay for that friends new phone. Exactly. The abuse would be far greater if lifetime warranties were truly for the lifetime of the person. People would stash away old, unused electronics in their closets, then find them years later and think, "hmmm, if I just laid a screwdriver across this circuit board while the device was turned on, I bet it would stop working and I could send it in to get the latest model!" There are ways to somewhat prevent this, with water-detecting stickers on the insides of electronics and tamper-proof warranty stickers on the casings, but I'm sure I could kill just about any electronic device without raising any of those flags fairly easily. So, I can understand why electronics companies do not offer true lifetime warranties, but STOP CALLING IT A LIFETIME WARRANTY! |
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I would ask you whether or not someone who is unable to produce enough value to sustain even their own lives is entitled to the products of those who are able to sustain their own lives? Do you believe a market wage till tend to be unfairly decoupled from a workers marginal revenue product in a free market society?
If a worker accepts employment in which he does not receive a high enough wage to sustain himself, then he's an idiot. A worker should only accept employment in which he receives a high enough wage to sustain himself. If all workers do this, it creates a natural minimum wage floor. The minimum wage floor gives the job seeker some bargaining power, in a sense. No, it removes the ability to bargain. There's a difference. In your world, perhaps. But we don't live in your world for a good may reasons. In the real world, there aren't actually job seekers out there wanting to work for less than minimum wage. Thus, they are saved from being offered really shitty deals. Get it? I would argue that there are, because the minimum wage is too high. |
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I would ask you whether or not someone who is unable to produce enough value to sustain even their own lives is entitled to the products of those who are able to sustain their own lives? Do you believe a market wage till tend to be unfairly decoupled from a workers marginal revenue product in a free market society?
If a worker accepts employment in which he does not receive a high enough wage to sustain himself, then he's an idiot. A worker should only accept employment in which he receives a high enough wage to sustain himself. If all workers do this, it creates a natural minimum wage floor. The minimum wage floor gives the job seeker some bargaining power, in a sense. Put another way, it kind of removes the ability for the job seeker to be an idiot and accept a job for which he cannot sustain himself. But, it would be much better for the free market to determine what this sustainability wage floor should be, instead of the government. The problem is, the idiots may reduce that wage floor for everyone else, making it more difficult for those who are not idiots to find a job in which he can sustain himself. |
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Just updated FAQ: What is the minimum amount that can be deposited or withdrawn? What is the commission rate?
There are no limits to deposits and withdrawals. Withdrawal commission is 25%. That's a start, thank you! |
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Figures... how come lifetime warranties never actually last a lifetime? They should be called product life warranties.
Lifetime of the product, not your lifetime. Bowtech. Thus far, the ONLY company I know of with TRUE lifetime warranties. Bought a bow in 2001 that the limbs broke? Well here, we'll either fix it with limbs we still have in stock, or we'll give you a brand new bow of our latest and greatest! That's how a lifetime warranty should be. Seems to me that all sorts of hunting gear is like that. My friend has got a pair of LL Bean hiking boots that he's in all the time. He brings them in when they're worn, ripped, anything, and they replace 'em. My dad's got a Buck knife with a true lifetime warranty - he's had it for 15 years that he keeps sending in to get sharpened, new hinge, new release, etc. Idk why, but electronics just aren't like that. Well, probably because electronics are only truly useful for a short period of time, then people would purposefully break them to get a newer/better model. But companies should not call it a lifetime warranty if it only covers the lifetime of the product, not the lifetime of the person. |
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I would ask you whether or not someone who is unable to produce enough value to sustain even their own lives is entitled to the products of those who are able to sustain their own lives? Do you believe a market wage till tend to be unfairly decoupled from a workers marginal revenue product in a free market society?
If a worker accepts employment in which he does not receive a high enough wage to sustain himself, then he's an idiot. A worker should only accept employment in which he receives a high enough wage to sustain himself. If all workers do this, it creates a natural minimum wage floor. That said, I can see how getting paid $2/hr in the US could still be sustainable if a person worked an insane number of hours. Is this acceptable? Sure. Anyone who doesn't want to work an insane number of hours is free to better themselves through education, work experience, moving up through the company, finding a new job, etc. A lack of minimum wage would ensure increased abuse of the welfare and unemployment system. Who would work for $2/hr when they can be paid more from the government just for sitting on their couch all day? Therefore, if the minimum wage was abolished, the welfare system would have to be abolished (or restricted to serve only to those who cannot work) as well. On the crime prevention side, I believe the government should offer unlimited jobs at below-market-value, and this would be the form of monetary compensation that would replace the welfare system. Just got laid off from a construction company? Work for the government at 75% of the market wage on a new courthouse. The factory you worked for just shut down? Ok, come work on the roadkill cleanup team for 75% of the market wage until you can find something new. I don't like the idea of government handing out taxpayer dollars to individuals, but it is a necessary evil to prevent desperation and crime. However, if they're going to hand out money, better make sure that the individuals receiving it actually work for it! |
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greyhawk, This commission was introduced about a month ago and was shown on the "Withdraw" page as "compulsory donation". I never concealed it.
P.S. Now I explicitly named it "commission fee" and wrote about it on main page and FAQ. There is no more indefiniteness.
I'm sorry, but I don't find the word "commission" anywhere on the front page or FAQ. So now it doesn't say anything anywhere on your site to tell users that you charge a 25% withdrawal fee? Nice, real classy...
What? Really nowhere?  Nowhere that a user can see prior to signing up! Again, real classy. You need to tell people your fees UP FRONT BEFORE they sign up. |
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Figures... how come lifetime warranties never actually last a lifetime? They should be called product life warranties.
Lifetime of the product, not your lifetime. Bowtech. Thus far, the ONLY company I know of with TRUE lifetime warranties. Bought a bow in 2001 that the limbs broke? Well here, we'll either fix it with limbs we still have in stock, or we'll give you a brand new bow of our latest and greatest! That's how a lifetime warranty should be. |
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When I have introduced this commission fee, I updated "Withdraw" page but just forgot to update info on front page and FAQ.
I am really sorry for the inconvenience you have experienced. Now all docs updated.
So now it doesn't say anything anywhere on your site to tell users that you charge a 25% withdrawal fee? Nice, real classy... |
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This indeed deserves the WTF that the thread title dishes out.
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Figures... how come lifetime warranties never actually last a lifetime? They should be called product life warranties.
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I am confused as to how exactly a US resident could participate. Can I open an account with your exchange? Can I withdraw USDs from an ATM here in the US? Or could I use the IBAN to transfer USD from my account with you to my home bank account? Could I deposit USD from my home bank account to my account with you? What fees would be involved with doing any of this?
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I don't do minecraft - not sure what it is even all about - so I was hoping for information from others on this forum who have tried it out. ( Do people pay a fee to pay? Is there client software that has to be downloaded and installed? ... ) I will check out that link... and in the meantime feel free to encourage some of your users to other up some feedback here on what they think of it. Thanks Minecraft is a game, and yes, it costs money! I think it's 20 euros? $26-$27 USD. There's a client to download as well. I'll see if I can get people to post here too. |
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236 reviews on Amazon, 4.4 out of 5 stars.
Fair enough  |
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How do you know it's an awesome TV if it's brand new in the box?
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very cool. minecraft faucet added
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The problem is that "common sense" is different for different people.. I think there are not many judges that give a s**** about bitcoins..  They may not give a s*** about your baseball card collection either, but that doesn't mean it's valueless if someone steals it. |
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