This is the most offensive thing to me about this situation--not the monetary loss, but the fact that the Madhatter has first implicitly and then explicitly accused me of trying to defraud him.
This doesn't make any sense.
I insinuated that you were possibly trying to scam me via email due to the fact that this is the 2nd time you've mailed to me late and expected me to honor an old rate. The first time could have been the mail system, but twice? It's definitely suspicious, to say the least.
With your permission, Madhatter, I will post our entire (digitally signed) email exchange here, to compliment the complete information I have available to me in other forms.
We all know that you are going to do it anyway.
The recent surge appears to be the only reason my trades aren't being honoured.
What recent surge? I refused 2 pieces of mail in a year's time. The first one was yours - an expired trade. The 2nd one was an letter that was mailed late on purpose. (Bobby)
Continuing:
You should all understand that the underlying context for the situation here is persistent and rampant problems in the Canada Post postal system. My sister-in-law, for example, recently had a package going from my city to the same province as the Madhatter which was lost for several months before turning up. Some useful references:
If you knew that your province was having mail troubles when you did your first batch of locked in trades, why did you proceed to do it again?
I do not have a history of untimely mailings. The postal service has a history of untimely mailings. Case in point--my first three trades:
What about the other batch of ancient trades that you emailed me about and then sent them with expresspost?
It was long enough to make me uncomfortable since they only had to travel two provinces over, but it's well within the time you later quoted me as typical for your trades.
I have a "boiler plate" response for emails regarding delayed mail. I get about 30 emails a day and time constraints don't permit me to investigate each case in depth. I usually have to send those boiler plate emails to save time.
Anyway, there is a huge difference between 1-3 weeks and 2 months. Especially when the letter is mailed from within the same country.
This statement is patently false. The only way I can think that you would make it is if you were conflating my expresspost for a separate trade with these two letters which are still missing; or if you have somehow confused me with someone else. The latter is perhaps the only reason I can think of that you would turn on a trusted customer and community member so abruptly. The following is the entire history of my trades with you, continuing from the above three:
You are the only person who has ever used expresspost to mail me. The first expresspost you had sent me was for 3 (or 4?) late trades.
February 10th or March 6th trades processed. Therefore I emailed you wondering if you had had problems with delayed mail, to which you responded that although one letter had once taken 3 months I didn't need to worry. I also asked if you would accept a registered mailing for
Boiler plate email. I send out gobs of those. People mail me from Europe all of the time for open rate trades. I've had a few letters in the past (2?) that took a couple of months to arrive. More specifically, from Germany. I don't remember every single person I email. I send too many per day.
This delay in mailing of approximately one week is the longest I have ever delayed in mailing a trade, and since I sent it by expresspost the trades still arrived within 10 business days of when you authorised me to send them by that method.
I told you I didn't want MTGOX credit. I also told you I would accept the recent expresspost at an open rate (by creating a new booking). You refused. I proceeded to tell you that the trade was cancelled and I was even willing to refund your deposit without any penalty. All of this fell upon deaf ears. You mailed me the cash anyway expecting me to just eat it. I RTS'd the expresspost as soon as it arrived and let you know via email. You never gave me a Bitcoin address to refund your deposit to, even when I asked for it.
But he became obstinate, cancelled the second trade
Trade cancellation is automatic, btw. It happens at the 60 day mark. That piece of code has always been there.
He implicitly accused me of attempted fraud with phrases like "How convenient. I wasn't born yesterday." His treatment of me despite my
The emails you were sending me reeked of childish behavior and general time-wasting. I had enough of arguing by that point. My system had already canceled the trade. I am under no obligation to wait around for a "replacement" letter. I refused your business and you
proceeded to mail me cash anyway, despite my numerous protests. I have the right to refuse business to anyone. I don't have to take your money.
I emailed the Madhatter to let him know about this thread, and have today received back the refused expresspost (An indication of how slow Canada Post continues to be).
I returned it as I said I would from the beginning. Hardly "scamming".
Although he has my information he has not yet returned my deposits, which he promised to do when he began insisting the trades had to be cancelled.
You never did give me an address to send your deposit back to. I'm still waiting.
What will he do when the two delayed letters arrive?
I explained this in email. I would return them as well. The trades are expired. Tell you what: if they arrive with a roughly-accurate postmark on them I'll publically state to everyone that you didn't try to scam me. Until that happens, I really don't believe you.
All I want to know is how any of these options expose the Madhatter to risk, rather than simply affording him an opportunity to profit off the increased value of already reserved bitcoins.
I'm not exposed to risk. I'm exposed to future losses. When I have to hold your coins for months and months while the price skyrockets I'm losing. I could be selling them to someone who actually sends me a letter in a timely fashion.
What am I do to? Hold rates forever? Try pulling this with a bullion dealer like Kitco for example. They'd nail your credit card with price difference within 30 days or less. 60 days is more than fair.
In summary: I don't hold locked in trades forever. I have the right to refuse business, especially from those who have an established history of jerking me around.