BFL's stance: BFL' stance is different from MY stance. I'm right. They are wrong. |
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Legal tender laws in the US = private debt can always be settled in USD. Of course, they CAN! However, their debt is denominated in bitcoins, not in dollars! I gave them bitcoins, not dollars! They MUST settle this debt AT CURRENT bitcoin/$ rate, not at the rate that was months ago! |
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BFL used bitpay, they received dollars when you paid so that's what you get back. They received bitcoins, not dollars. I can not send dollars to the bitcoin address they've specified on their invoce. It is entirely up to BFL what service they'll use to receive bitcoin payments. I have no control what they do once they get my bitcoins. If they decide to use Vatican to receive my bitcoins, will I get back a Bible for refund? |
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Their costs are in dollars so you cannot expect anything else as a refund really. I thought they don't use customers money to pay their salaries and expences. Didn't they say they've attracted venture capital?! |
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You can get a $ refund, correct?
I guess I can get both US dollars and Zimbabwean dollars if I want to? But people didn't pay in $. They paid in bitcoins and want bitcoin refunds. |
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Obviously, they don't have enough bitcoins and are processing only partial refunds. They have speculated and sold large part of the bitcoins they got from their customers as "pre-orders". They were wrong expecting a lower bitcoin rate, however. This is why bicoin/$ exchange rate will now continue to rise as they need to buy bitcoins to make even partial refunds! PS The original title of this thread was: "WOW! BFL refuse full bitcoin refunds."However, using his moderator privileges gmaxwell decided to change it to match his own preferences. Go on, gmaxwell. Mock at other forum thread you don't like! To help you avoid partial bitcoin refunds by some ASIC startups, here is a short manual I've compiled for you: https://bitcointalk.org/index.php?topic=136615.0 |
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2) Their key role is purely Sales It is now changed. Their key role is purely Refunds. |
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Apart from "becoin" & his missing $68 LOL "yipyip"... What are you snorting? Must be something very cool? |
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I have heard of several individuals who have cancelled their preorders already. More delays = more cancellations = less funds for BFL to finish their "product" with.
Where is the evidence that they are spending/have spent pre order money on development? They don't have other money. Where is the evidence they have attracted VC? |
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Have you videotaped your discussion with a lawyer yet?
I've done many things. Take a pack of popcorn and take a seat. Be patient! |
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Anyone who invests money they can't afford to lose, should just put it in a savings account. But why BFL keep saying you are not investor, you're just a customer? Since when customers losing their money is okay? Did FTC say that? Where? |
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Been a busy day and headed to the airport early tomorrow to meet with the packaging engineers and our ASIC guys... going to be a long day.
Before you head to the airport make sure all delayed refunds are processed! Oh, and a friendly advice. Buy a ticket to South Africa. They don't have agreement signed with Interpol. Have a nice trip! |
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It's unfortunate that bASIC went tits up, and you lost money on the deal. but it has to be said again and again...
"Never invest more than you can afford to loose." Absolutely. I've said it on rule No. 1: 1. There is nothing wrong with investing in ASIC startups as soon as you understand that you are investor, not customer! |
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He's greedy like hell... That's all  No, I don't take bribes! That's all. |
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You by yourself violated rule 2 "not to be greedy"  Explain? I paid X amount of bticoins and want that SAME amount refunded. How am I greedy? |
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