.

[lukasbradley]

Poor Tom.  I hope he comes through this OK.  It sounds like he's in a bad place.

I think the business is lost.  I hope he can keep his family.

Frankly, I don't think the business is lost if Tom comes to terms with the state of his affairs.

I also SINCERELY hope he comes through this okay.

[davecoin]

Bummer, requested a refund on the 8th and he didn't pull through.  How hard is it to do a chargeback?

[lukasbradley]

Bummer, requested a refund on the 8th and he didn't pull through.  How hard is it to do a chargeback?

Call your credit card company and "dispute" the charge.  They should walk you through the process.

[PuertoLibre]

Uh, just be careful not to state exactly what the mining rig is. Be vague....otherwise you might lose the dispute from the get go.

CC companies do not like machines that produce BTC or alternate currencies.

[Phinnaeus Gage]

Bummer, requested a refund on the 8th and he didn't pull through.  How hard is it to do a chargeback?

Call your credit card company and "dispute" the charge.  They should walk you through the process.

http://usa.visa.com/download/merchants/chargeback-management-guidelines-for-visa-merchants.pdf

Time limits for depositing transactions are set to ensure timely processing and billing to
cardholders . When you hold transactions beyond the period defined in your merchant agreement
(usually one to five days), you lose money, affect customer service (cardholders expect to see
transactions on their Visa statements within the same or next monthly cycle), and possibly invite
a chargeback . No remedies exist for chargebacks on sales receipts deposited 181 days or longer
after the transaction date.

I'm not sure if the text in bold applies.

[Jack1Rip1BurnIt]

@lukasbradley

Hey man, so you couldn't really get any details out of him at all? Even Dave never got any details other that what Tom said to him?

[Starlightbreaker]

Bummer, requested a refund on the 8th and he didn't pull through.  How hard is it to do a chargeback?

Call your credit card company and "dispute" the charge.  They should walk you through the process.

http://usa.visa.com/download/merchants/chargeback-management-guidelines-for-visa-merchants.pdf

Time limits for depositing transactions are set to ensure timely processing and billing to
cardholders . When you hold transactions beyond the period defined in your merchant agreement
(usually one to five days), you lose money, affect customer service (cardholders expect to see
transactions on their Visa statements within the same or next monthly cycle), and possibly invite
a chargeback . No remedies exist for chargebacks on sales receipts deposited 181 days or longer
after the transaction date.

I'm not sure if the text in bold applies.

that's for the merchant.
he's the cardholder.



...or does it?
hmm.

w/e, i'm getting my pitchfork and popcorn ready.

[crazyates]

So let me get this straight: the only reason people were getting BTC refunds was because Dave and Lukas were urging Tom to. Then Tom is supposed to provide crucial information about the ASICs, and instead he packs up and leaves town. Their bank account does not have enough funds to process CC refunds because Tom was in charge of that, too. Now, we have no idea where Tom is, we don't know if people are even going to be getting refunds (CC or BTC), the BTCFPGA forum is still under lockdown, and we have absolutely zero information about the status of the bASIC's development. And all of this is directly from the 2 remaining bASIC team members. Talk about a shit storm!

BFL is next I would bet.

We shall see. I'm very interested in seeing which one of us gets the last laugh.

[jjshabadoo]

Man, you're crazy to still be backing BFL.

Maybe they will produce, but if it doesn't happen soon, the refunds will start mounting and you'll be in the same boat.

Now that bASIC has collapsed, the panic is building. Once Avalon ships and friedcat's project comes online(if they do), then the pressure will increase.

Less projected profitability + competitor already capsized + BFL's shady background = refund city.

Good luck.

[mining4fun11]

Looks like Tom might have a new home soon(jail).  I hope this piece of crap rots in there. 

[alexKKK]

I got my BTC refund from them, and i am happy about it - because i suggested my chances  50/50 . Wish luck to Tom take control  the situation !

[Nolo]

I got my BTC refund from them, and i am happy about it - because i suggested my chances  50/50 . Wish luck to Tom take control  the situation !

When did you request it, and when did you get it?

Dave sent me an email saying I would receive mine today, but haven't as of yet. 

[iCEBREAKER]

Looks like Tom might have a new home soon(jail).  I hope this piece of crap rots in there. 

Jail?  Soon?

Sounds like the Bitcoin Police are on the case!   

[nathanrees19]

BFL is next I would bet.

The problem here was that there was too much pressure on one guy...BFL is structured differently.

[crazyates]

BFL is next I would bet.

The problem here was that there was too much pressure on one guy...BFL is structured differently.

This why I don't think BFL is in the same danger of failing like bASIC did. With bASIC, the power to crash the entire endeavor was placed in the hands of one man. Tom hired a 3rd party teams to do all the engineering R&D, but he did everything else. Hiring Dave was the smartest thing he could have done, but it looks like Tom never ended up sharing any more information with Dave than he did his customers. When Tom disappears, so did their 3rd party contacts, ASIC progress status, refund capabilities (CC & BTC), and who knows what else.

AFAIK, BFL is not in the position where one person can crash their entire system. It's still a small company, but you don't get to 25 employees by making mistakes like that.

[Sigma]

Well shit.

Has anyone gotten any CC refunds yet? I asked on 1-6 and of course nothing has shown up yet. I realize the BTC have gone out somewhat, so...anyone gotten anything on this front? Sad that my bank is closed till monday 

[Bitinvestor]

AFAIK, BFL is not in the position where one person can crash their entire system. It's still a small company, but you don't get to 25 employees by making mistakes like that.

I'm not a fan of MPOE-PR but here's the best description of BFL that I've seen:

BFL is a marketing company (and an incredibly poor one, in many aspects). Their business is keeping those Google ads up and siphoning the incoming money into more or less safe holes. Everything else is everyone else's problem.

Think about it.

[repentance]

Well shit.

Has anyone gotten any CC refunds yet? I asked on 1-6 and of course nothing has shown up yet. I realize the BTC have gone out somewhat, so...anyone gotten anything on this front? Sad that my bank is closed till monday 

Dave posted that he's processed CC refunds but that he doesn't know whether Tom transferred the funds to cover them (this was supposed to be done by wire).  He's recommending that customers who paid by CC contact their CC company and request a charge back.

[bitmar]

BFL is next I would bet.

The problem here was that there was too much pressure on one guy...BFL is structured differently.

This why I don't think BFL is in the same danger of failing like bASIC did....

so, maybe you know where is the BFL's ASIC prototype ?
Maybe you know what kind of magic allows mass production of chips without a prototype and tests?  
Maybe you know how many months will pass before there is a working prototype?
Maybe you know how many people during those few months will request refund?
I think BFL is in the same danger as bASIC.

[bitmar]

Looks like Tom might have a new home soon(jail).  I hope this piece of crap rots in there.  

Jail ? You are watching to much movies Tom will be fine. He lives in the USA.
https://bitcointalk.org/index.php?topic=87934.msg1450104#msg1450104