Becoin, that screenshot is a from a BFL order, not a bASIC one. Regardless, that is the Bitpay interface, no BTC prices were quoted on either BFL or bASIC's sites. I know it is from BFL. I'm giving this example because at BFL the shit is quite bigger! It is not important whose interface is this. What is important is the name of the document (Invoice) and the issuer (BF Labs). |
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Yes. Note the USD figure. Did I say that the price is only in BTC? No. What I said is that the price is in BTC as well! The BTC is in brackets because it's converted at a spot price, and not the official price of the invoice (and certainly wouldn't be legally recognised as the real price).
Those are of course your free interpretations... It is laughable that if some data in official document is unofficial if it is in brackets!? Would you show me a screenshot of a similar invoice issued by a US based vendor if you purchased a product priced ONLY in USD with your GBP credit card? I would like to see the GBP price "in brackets"? |
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I'm seeing only USD prices. I'm seeing BTC price as well. If I didn't see such a price how would I know how much BTC I had to pay YOUR COMPANY?. Screenshot? Sure, no problem.  Happy now? |
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-Product was paid for with BTC. It's like me complaining that I paid in GBP and got back less GBP because the US dollar got weaker. 1. If you were quoted a price in GBP, you have the right to get same amount GBP in case of a refund. 2. How many websites have you seen pricing their products ONLY in USD and informing their customers that they accept payments in GBP as well? I know how many. ZERO! 3. If my credit card account is run in GBP and I want to purchase a product priced in USD, the credit card processing company is contacting the credit card issuer to make the currency conversion and TRANSFER on my behalf USD! If I'm paying with bitcoins what I TRASFER is bitcoins, not USD! The refund is nothing else than the reversal of a transfer! The original transfer and the reversal of the transfer must be in the same currency and in the same amount. This is why it is called refund! If I pay with bitcoins the currency of the TRANSFER is bitcoins! |
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I'm seeing only USD prices. I'm seeing BTC price as well. If I didn't see such a price how would I know how much BTC I had to pay YOUR COMPANY? Any BTC price is clearly generated based on current market rates. Market rates? As defined by BitPay? Okay, then I'll contact BitPay for such a refund! I don't care which company will refund my bitcoin payment. |
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That's the default assumption for any site/sale that only shows prices in USD. No. If there is a statement that they accept payment in bitcoins and they quote a price in bitcoins! If customers select the bitcoin payment option then they are offered a price in bitcoins. So, in case of a refund they must get back the same amount in bitcon they have originally paid. |
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This includes the "SuperComputer" family (Jalapeno, Single SC, Mini Rig SC), as well as possibly any unannounced product that the company will be shipping by June 30, 2013 What? ... June 30, 2013? For the 'upcoming' products announced on June 16, 2012? Are you nuts? |
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I only care about the product.
What product do you care about? The 'upcoming' one that was announced on June 16, 2012? |
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I can only imagine the pain felt by those with pre-orders to see the man who runs this company act in such a way on the CES floor convention floor
They are actually celebrating his "triumph". Actually those are BFL's cheerleaders, not their customers. BFL have enough customer money now to maintain an impressive team of cheerleaders. They jump after every delay announcement trying to get public into the right mood with not much success recently. |
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Isnīt it a good idea to pay our fees with the BTCs on hold? So we can reduce our loss for ourself? That is more trustworthy. People are so maybe more motivated to work again with bitmarket.eu. That is an excellent proposition. But then m4v3r will pay the expenses for running bitmarket.eu from his own pocket (which is empty, as he says). How many years he needs to do that before he makes +18K bitcoins in fees? |
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Does someone from my mobile provider (or Google) pushing the next Android update have the ability to inject a few lines of code to read the BitcoinSpinner key and upload it? Maybe they already have it, how would we know? You are quite right unfortunately. Google have closed their JVM for Android. Every time you use a Java app on your Android phone you depend on Google's mercy! |
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I don't feel it will be any different than android, there are so many options that android offers. It doesn't matter how many options does Android or any other OS offer. The only option that really matters is 100% open source software and 100% open source hardware! And every day more and more people understand that this is really the most important option. All the rest is just after it! |
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I already answered this. Really? If I recognize elephants as money would you say I'm an elephant bug? |
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What is your definition of a hardcore gold bug? Because whatever it is, it certainly isn't mine.
Someone who: - trusts only gold and maybe silver as a store of wealth - will take only physical - mistrusts anything that doesn't have the so called intrinsic value in the role of money How about changing gold and silver in your above definition with diamonds, oil, grain, land... Are those supposed to be land bugs, oil bugs, grain bugs, or diamond bugs? How are they different to crypto bugs? |
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Why don't Butterfly Labs etc just use the ASICs themselves to mine for profit while the difficulty is low.
Oh, they will. There is no doubt about that! People that have preordered ASICs under current conditions with BFL are quite irresponsible gamblers. Basically, in one way or another it is a Ponzi scheme. The correct approach is to treat preordering customers as shareholders during the entire period from payment until shipment. Everything else is just a giveaway to BFL. |
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That's how the human beings informal relations being exploited. Never lend money you can't afford losing with ease. That's how my informal relations have never being exploited! I don't look at ripple credit as lending money. I look at at it as the price of a friendship or the price of a business reputation. Defaulting party will always lose more in absolute terms than the creditor. |
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But having to rely on trust is a cost of its own.
Not in Ripple! The trust in context of Ripple is kind of by-product http://en.wikipedia.org/wiki/By-product. It is derived virtually at no cost from much more important to human beings informal (non business) relations. |
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At least I know in Ripple everyone can issue IOU without any limit, as long as someone else accept. Exactly. There is nothing wrong with that. Everybody can be a bank! Until now you can go to a bank and deposit your money. The bank issues IOU stating they owe you money. From now on everybody can do this and bear the consequences if they fail or profit from the success if trust gets bigger! |
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So many people trusted Pirate and invested millions of USD and what happened? Ripple is not about trust in a single person or entity. You should read something more about Ripple before starting an argument in this forum. Ripple will also facilitate incompetent people to over-issue credit and end up in bankruptcy. Sure. The good news is that only the incompetent people and those that overestimate their judgment skills and trust them will pay the price without affecting the rest of Ripple network. Trust is a very important aspect in every business relation. Trust makes your business more competitive. On the contrary, the lack of trust is very expensive for both sides in a business relation. |
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USD survives because it is backed by the US government and its nuke. Ripple is backed by what? Who and how to bailout when there is a crash?
Ripple is backed by something much stronger than the US government. It is backed by trust between people! The larger gets Ripple network the stronger it gets. Printing money is not really a bailout. It is just postponing the inevitable by making consequences even worse with the single and only hope that time will cover blatantly criminal acts in the financial sector. Point is, nobody needs such 'bailouts' except criminals that are bailed out! |
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