WOW! Becoin failed to read and comprehend BFL's policy on BTC refunds

[John (John K.)]

I'm getting a lot of complaints that people though the subject meant the BFL wasn't honoring refunds, and people are irritated that they're getting worked up before discovering that becoin just wanted BFL refunds to act as a hedge against bitcoin's exchange rate relative to the dollar changing.... so I've changed the thread's subject.

gmaxwell, you do not deserve to be a moderator in this forum.
What you've done is a blatant violation of every code of ethics for forum moderation!

I'm not surprised that the quality of this forum is degrading very fast.

becoin just wanted BFL refunds to act as a hedge against bitcoin's exchange rate relative to the dollar changing....

This is non-sense. Did BFL sell me bitcoins to purchase ASIC? No. I've bought those bitcoins many months before they were sent to BFL! Do you know what is the meaning of currency hedge?

You know, I was planning to either move this to Off-Topic or trash this trollish thread too. I see that gmaxwell went the ingenious route now. 

[julz]

Epic thread of attempts to spark comprehension in the pig-headedly wrong is unwinnable - yet so full of win!

Sadly - I'm adding Becoin to my (very short) ignore list.  The unfortunate thing about people who are impervious to reason, is that earnest efforts to help them come to terms with their lack of comprehension will usually just come across as insults and attacks.  

oh who am I kidding.. insults and attacks are sometimes earned. .. I'm calling it.  OP is just *stupid*!  Move along folks.

[becoin]

The unfortunate thing about people who are impervious to reason, is that earnest efforts to help them come to terms with their lack of comprehension will usually just come across as insults and attacks.

You are soooooo rght!

Mahatma Gandhi - "First they ignore you, then they ridicule you, then they fight you, and then you win."

[gmaxwell]

gmaxwell, you do not deserve to be a moderator in this forum.
What you've done is a blatant violation of every code of ethics for forum moderation!

It is reasonable and customary to replace misleading thread titles.

becoin just wanted BFL refunds to act as a hedge against bitcoin's exchange rate relative to the dollar changing....

This is non-sense. Did BFL sell me bitcoins to purchase ASIC? No. I've bought those bitcoins many months before they were sent to BFL! Do you know what is the meaning of currency hedge?

People gave BFL coin— if the value of the coin went down (potentially to zero) you would still be demanding to receive valuable mining hardware. If the value of coin went up (as it had) you seem to expect to be able to demand a refund at the new market rate (and then be presumably able to turn around and make a new order with fewer coins).  That would be a pretty awesome hedge if they'd let you make it.

[becoin]

People gave BFL coin— if the value of the coin went down (potentially to zero) you would still be demanding to receive valuable mining hardware.

There is a major contradiction in your statement. If the value of the bitcoin went down to zero then value of the "valuable mining hardware" will be zero as well.

[KWH]

People gave BFL coin— if the value of the coin went down (potentially to zero) you would still be demanding to receive valuable mining hardware.

There is a major contradiction in your statement. If the value of the bitcoin went down to zero then value of the "valuable mining hardware" will be zero as well.

Judge Judy wants a word with you.

[Phinnaeus Gage]

People gave BFL coin— if the value of the coin went down (potentially to zero) you would still be demanding to receive valuable mining hardware.

There is a major contradiction in your statement. If the value of the bitcoin went down to zero then value of the "valuable mining hardware" will be zero as well.

Judge Judy wants a word with you.

Wrong judge for this case:

[darkmule]

Mahatma Gandhi - "First they ignore you, then they ridicule you, then they fight you, and then you win."

First off, it's a fake quote Gandhi never said.

Second, what's more appropriate in your case is Bozo the Clown.  "First, they laugh at you.  Then, they laugh at you some more.  Then they keep laughing.  Because you're stupid."

[szuetam]

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.

If they do that they should buy an options for buying bitcoins as an insurance like serious companies do, but 1st is it possible with bitcoins, and if it is, how expensive, and are they so serious company?

[crazy_rabbit]

People gave BFL coin— if the value of the coin went down (potentially to zero) you would still be demanding to receive valuable mining hardware.

There is a major contradiction in your statement. If the value of the bitcoin went down to zero then value of the "valuable mining hardware" will be zero as well.

So if you buy a factory that makes cheese, and you pay for it with cheese, and the value of cheese goes to zero, the value of your cheese factory is zero as well?

[SgtSpike]

What you've done is a blatant violation of every code of ethics for forum moderation!

No, it's not. He corrected a blatantly wrong and sue-worthy thread title into something objectively correct in order to protect both the forum (from lawyers) and its users (from misinformation). His action is in fact one of only two correct moves a moderator of any moderately sized board can and should take in this circumstance (the other is deletion/removal of the offending thread).

To be fair, hosts/owners of forums are 100% protected from lawsuit of libel/slander when said libel/slander is made by users of the forum.  Website admins cannot be held liable for user-posted content, UNLESS it is court-ordered that they take it down and they do not comply.

At least, that is the law how I understand it.  

[poon-TANG]

I can't believe this moron is still arguing his point even after a mod changed the title of the thread.

[fernarios]

c'mon guys just leave this stupid thread die... if you don't get it, it is just a spam/troll thread.

[KWH]

c'mon guys just leave this stupid thread die... if you don't get it, it is just a spam/troll thread.

Oh, we get it. Since the dank threads have been sub par these days, this is my entertainment........for this week at least.

[becoin]

If they do that they should buy an options for buying bitcoins as an insurance like serious companies do, but 1st is it possible with bitcoins, and if it is, how expensive, and are they so serious company?

It is simple. If you can't afford and you can't manage bitcoin exchange rate risk you should not accept bitcoin payments.

Bitcoin is amazing. Bitcoin payments unmistakably expose every merchant scam. You can't treat people as customers when accepting their bitcoin payments and later treat them as investors when refunding their purchases! The very nature of bitcoin won't allow shady commercial practices.

[KWH]

If they do that they should buy an options for buying bitcoins as an insurance like serious companies do, but 1st is it possible with bitcoins, and if it is, how expensive, and are they so serious company?

It is simple. If you can't afford and you can't manage bitcoin exchange rate risk you should not accept bitcoin payments.

Bitcoin is amazing. Bitcoin payments unmistakably expose every merchant scam. You can't treat people as customers when accepting their bitcoin payments and later treat them as investors when refunding their purchases! The very nature of bitcoin won't allow shady commercial practices.

It IS simple too bad you're not bright enough to figure it out.

[Unacceptable]

[KWH]

What do you mean "I was robbed?"

[Unacceptable]

Gotta get one more meme in 

[2weiX]

This thread, aside from all the asshattery,
 provides valuable education regarding the
old discussion of whether BTC are a means
to store value vs a means to move value.