My favorite answer is: The same thing gold is backed by. Gold can exist without Internet. Bitcoin can't. Gold can exist without electricity. Bitcoin can't. Gold can exist without humans. Bitcoin can't. Gold doesn't depend on SHA 256 algorithm and how NSA breaks cryptographic algos. Bitcoin does. So, what you say is not true at all. |
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Can we put down at least an additional 90 BTC each?
How about putting 9000 bitcoins? |
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now everybody is distracted by the rally Wow. BFL's debt to their customers that purchased ASICs in bitcoins is growing everyday! |
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I wish to present you with a question that I have previously asked, but have not received an answer to yet. You've been answered. Apparently asking questions is much more important to you than reading the answers. You're a bit special aren't you?!? Yes, I am. But there are many like me. Vires in Numeris, remember? |
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Also, as far as I know, BTC isn't considered legal tender anywhere. Ah, this is something new... So, paying in bitcoins is illegal?!  |
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3. Once you agree to this offer, the situation is: (a) BFL has the obligation to ship the product to you and (b) you have the obligation to transfer USD 1,387 to BFL
The situation is: I had the obligation to transfer bitcoins, not dollars! In contrast to your frivolous interpretations I have given you a proof; screenshot of the BFL's invoice clearly showing price in bitcoins as well, AND instructions where to send bitcoins! If I had the obligation to transfer dollars they should have pointed me their dollar bank account! But they didn't. They wanted me to transfer EXACT amount in bitcoins to their specific bitcoin address! |
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When I go to Amazon.com and I order stuff, their prices are in USD. Now, since I live in the EU and Amazon.com is a nice company, they give me the option to pay in EUR instead of USD. This has been answered many times os far... How many times I have to explain this to every idiot? Do I have to make a FAQ section about what is the difference between paying in bitcoins and paying in fiat with a credit card? https://bitcointalk.org/index.php?topic=135301.msg1452436#msg1452436 |
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If they do that they should buy an options for buying bitcoins as an insurance like serious companies do, but 1st is it possible with bitcoins, and if it is, how expensive, and are they so serious company? It is simple. If you can't afford and you can't manage bitcoin exchange rate risk you should not accept bitcoin payments. Bitcoin is amazing. Bitcoin payments unmistakably expose every merchant scam. You can't treat people as customers when accepting their bitcoin payments and later treat them as investors when refunding their purchases! The very nature of bitcoin won't allow shady commercial practices. |
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People gave BFL coin— if the value of the coin went down (potentially to zero) you would still be demanding to receive valuable mining hardware. There is a major contradiction in your statement. If the value of the bitcoin went down to zero then value of the "valuable mining hardware" will be zero as well. |
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The unfortunate thing about people who are impervious to reason, is that earnest efforts to help them come to terms with their lack of comprehension will usually just come across as insults and attacks. You are soooooo rght! Mahatma Gandhi - "First they ignore you, then they ridicule you, then they fight you, and then you win." |
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He corrected a blatantly wrong and sue-worthy thread title So, he sided with a scam! Sweet. And you say he is protecting the forum?! |
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I'm getting a lot of complaints that people though the subject meant the BFL wasn't honoring refunds, and people are irritated that they're getting worked up before discovering that becoin just wanted BFL refunds to act as a hedge against bitcoin's exchange rate relative to the dollar changing.... so I've changed the thread's subject.
gmaxwell, you do not deserve to be a moderator in this forum. What you've done is a blatant violation of every code of ethics for forum moderation! I'm not surprised that the quality of this forum is degrading very fast. becoin just wanted BFL refunds to act as a hedge against bitcoin's exchange rate relative to the dollar changing.... This is non-sense. Did BFL sell me bitcoins to purchase ASIC? No. I've bought those bitcoins many months before they were sent to BFL! Do you know what is the meaning of currency hedge? |
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When the URL says "BitPay", you're on the BitPay site. You're trusting BitPay with your BTC. Yeah, when the bank account says "Bank-ABC-Swift" I'm not sending money to the company but to the Bank that is running company's bank account?! Why don't you read something or consult people that you trust and are more educated and experienced by you? You'll help yourself a lot! |
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Notice the URL? So what? If you make a bank wire, where do you send money? To the company or to the bank that is running their bank account? What a bunch of idiots I'm educating...  |
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I'm not sure what your point is... How could you? You need to have brains. |
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For new buyers, signing up for a PayPal account is now optional. [/quote] Yes, sure. For those that are using paypal as a credit card processor to pay with their credit cards. Go, tell bitpay to start accepting credit cards! |
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it's also why smart people paid with paypal/wire.
Actually, to pay with paypal you have to be a paypal customer. To pay with bitpay you don't have to be a bitpay customer. This, of course, is because you pay in bitcoins, not in $! |
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You gave Bitpay money
I gave BFL money and acted upon their instruction. I don't care what is the address they wanted me pay to. That is something that BFL decides. They decided they want their bitcoins sent to BitPay. That's what I did. |
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