You'll find that the address you sent coins to was associated with a private key held by BitPay, no? Why should I care? I pay bitcoins to the address where BFL wants me to pay on their invoice. |
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Really? Where? Where does the law say that you can repay a 1000 dollar debt with a 10 dollar bill?
Lol. That's dollars and dollars. LOL. Only fools repay their 1000 dollar debt with 100x10 dollar bills. Clever guys like you will repay their 1000 debt with a single 10 bill? Posting as proof the text on this 10 dollar bill... Why don't you try to convince your bank about your rights? |
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Furthermore, if you paid BTC using Bitpay
I don't use BitPay. BFL is using BitPay. I don't have any contract with BitPay. BFL has. BitPay is buying and selling BFL's bitcoins! |
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1) the law says otherwise,
Really? Where? Where does the law say that you can repay a 1000 dollar debt with a 10 dollar bill? It's written on every bill ever printed. So, on every dollar bill is written that you can repay whatever your debt is with that bill? No way! Go ask your mom if you don't trust me? |
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You paid int BTC it was converted into USD.
I paid BTC. Who converted them into $? That's been explained in great detail on the first page of this thread. No, it was not explained. Unless what you say is that you can exchange your customer money to other currencies without being a licensed and regulated currency exchange? |
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1) the law says otherwise,
Really? Where? Where does the law say that you can repay a 1000 dollar debt with a 10 dollar bill? 1)2) If you paid in cows and the cows died, they obviously couldn't pay you back with the same cows, and any replacement cows would be subjective as to if they were exactly equivalent in all their 'cowness'. Of course! The replacement cows are subjective as to the CURRENT cow/$ rate, not subjective to the THEN cow/$ when debt was made. If you can't see the difference, nobody can help you because you just don't want to see it. |
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You paid int BTC it was converted into USD.
I paid BTC. Who converted them into $? |
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OK, let me summarize: I open a business in a country that is printing money like crazy, force my customers to pay in BTC as the only payment method and fail to deliver. Great. Thanks for your support, mezzomix. I'm also astonished by the sheer stupidity of so many people on the these forums. There isn't much I can do! Sheep deserve their destiny. |
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I swear, if I were a mod, I would delete every new post concerning this topic. If I were a mod I would ban people like you and your buddy clowns that are cluttering this thread with shitty images, so that nobody can read anything useful. Bitcoin/$ price rise after I have published this thread proves what needs to be proved! |
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The only reasonable conclusion is, despite claiming that BFL is a 100% scam, he doesn't truly believe it.
I believe BFL is only a 49% scam as of now. I only lost 49% of the bitcoins I paid for an ASIC. The more you hesitate for a refund the more you lose! It might take a while until it becomes a 99% scam. But some people will still be happy for it is not a 100%?! |
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Yep, one of the only good plays right now is waiting for the price drops and re-evaluating. Experienced traders know what does happen when everybody hopes for a price drop to bail out? It happened today. Will continue tomorrow. And day after tomorrow... |
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He's just hoping that if he makes enough noise BFL will decide it's worth paying him the difference to get rid of him. No, I don't take bribes. |
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take the USD refund or leave it
How would they send me USD refund if they don't know my USD bank account details? |
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Now if you want BTC back it has to be in USD amount you paid. I have never paid USD to BFL. That is technically impossible to pay USD to the bitcoin address they have specified on their invoice during the checkout process. They wanted me pay EXACT amount in bitcoins to EXACT bitcoin address. I have absolutely no control in what they do after they get my bitcoins. Why is that so fuckin difficult to uderstand? |
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All you have to do to make the point is steal the BTC I have in Instawallet. Oh, never do that with any service that davout has on his signature. He will never refund your bitcoins in full. |
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2) Check the bitpay terms & conditions
Do you think I should have signed a contract with BitPay first before purchasing ASIC in bitcoins? What if a customer pays in bitcoins but doesn't have any idea who is bitpay? Are they rejected by BFL as a customer? That's a bit racist, isn't it? |
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Apparently you don't understand the difference between an exchange and a payment processor. Mastercard and Visa are not currency exchanges - they are payment processors. Nonetheless, they frequently take funds from a customer in one currency and pay the merchant in another. By contrast, exchanges convert the currency for you so that you are able to pay the merchant directly in their preferred currency. That's complete BS. You have no idea what you're talking about. MC and Visa do not exchange currencies for every transaction that needs a currency coversion. The issuing bank that issued the cc is doing that. When the merchant account holder forwards the transaction for processing, the financial institution adds identifying information to facilitate the transfer of funds. If the credit card purchase is approved, the bank that issued the card electronically transfers funds in the amount of the purchase from the card holder's account to the merchant account processor. The financial institution that holds the merchant account waits for the arrival of these funds, deducts their fee and electronically deposits the balance into the merchant's bank account. |
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"This note is legal tender, for all debts, public and private". Says so somewhere. Sure. You can repay every debt in the US with a USD bill. But that doesn't mean you can repay a 1000 dollar debt with a 10 dollar bill. Or as dovout said with a 1 dollar bill. |
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And yet most people understand perfectly well that Amazon prices their goods in USD and that if they use a payment processor (such as Visa or Mastercard)
Jeeeeeez... How many times should I explain what is the difference to every fuckin idiot? In cc the conversion is done by the issuing bank. Issuing bank has a contract signed with cc owner to do such currency conversions. They have A LICENSE to do currency conversions. Just after this conversion issuing bank is transferring dollars to the merchant. The TRANSACTION currency is dollars. That is why in case of refund dollars are refunded. While paying in bitcoins the TRANSACTION currency is bitcoin. Customer transfers bitcoins to the bitcoin address and to the bitcoin amount specified by BFL. If, how much and when BFL converges BTC received into dollars is entirely upon BFL's discretion and what their contract with BitPay is. |
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