Liquid Synergy Designs Inc. -ASIC mining hardware

[ipxtreme]

I'm not following you.

While we are not responsible for fluctuations in the exchange rate, we have chosen to lock the rate to that of Sept. 11th, the day we announced we would be accepting assembly refund requests, in order to attempt to help ease the BTC losses of our customers. The exchange rate will be $126.61 per BTC, based on the price history of Coinbase.

How in the world is it a bad thing that he is refunding at the $126.61 / BTC rate?

I think I mis-interpreted what was written. I interpreted

As such, the refunds will be processed based on the USD price of the units, and remitted in BTC

as the USD value represented in BTC (basically peanuts.) 

I did find it odd the following sentences after about exchange rate. It seems you're right, I hope you're right.

Let's say you are due a refund of $126.61.  At a rate of $126.61, your refund is 1 BTC.  At a rate of 785.53 (the current price on bitstamp) that's 0.16 BTC.  It's kind of obvious which one is better here...

I can't wait to get off FIAT. When I pay 1 btc for something and get a refund, I get 1 btc back.

[rammy2k2]

more words just to fool us ... one email now ... than silent 1 month again ... while he got TONS of BTC from us, he will refund us in FIAT, so if u paid , for example 1 BTC, u will get now like 100$, while he will remain with the rest of BTC, good deal for steamboat ...

[trigeek]

more words just to fool us ... one email now ... than silent 1 month again ... while he got TONS of BTC from us, he will refund us in FIAT, so if u paid , for example 1 BTC, u will get now like 100$, while he will remain with the rest of BTC, good deal for steamboat ...

Where does it say anything about refunding us in USD?

[Unacceptable]

Where is Unacceptable?

I was not "part" of anything,I just tried to help folks get their miners,I can in no way help with refunds.That's up to Steamboat  

That'll learn me  

By all means send a lawyer after me..............I have nothing,so you get nothing  

[rammy2k2]

more words just to fool us ... one email now ... than silent 1 month again ... while he got TONS of BTC from us, he will refund us in FIAT, so if u paid , for example 1 BTC, u will get now like 100$, while he will remain with the rest of BTC, good deal for steamboat ...

Where does it say anything about refunding us in USD?

haha, u think he will refund your BTC back ? dream on, he will refund u in btc yes, but at the value u paid than, for example, if u paid 1 BTC for 100$, now u will get 0.15 BTC back ... u will ask where is the rest ? in his pocktes

[msm595]

Where is Unacceptable?

I was not "part" of anything,I just tried to help folks get their miners,I can in no way help with refunds.That's up to Steamboat  

That'll learn me  

By all means send a lawyer after me..............I have nothing,so you get nothing  

I wasn't proposing going after you, but instead that you poke steamboat a bit.

[Stringchains]

haha, u think he will refund your BTC back ? dream on, he will refund u in btc yes, but at the value u paid than, for example, if u paid 1 BTC for 100$, now u will get 0.15 BTC back ... u will ask where is the rest ? in his pocktes

Hey Rammy2k2, you must have missed Steamboat's current status update.
He is going to give you your BTC back at the locked value of $126.61 BTC. He is not basing how much he will give you back at current BTC value of $900. So if you paid 1 BTC for 100$ (in your case) he will give back .789 BTC.

The unit cost and payment were priced in USD. This was necessary as while we would like the vendors we work with to accept BTC, that time has not yet come. As such, the refunds will be processed based on the USD price of the units, and remitted in BTC. While we are not responsible for fluctuations in the exchange rate, we have chosen to lock the rate to that of Sept. 11th, the day we announced we would be accepting assembly refund requests, in order to attempt to help ease the BTC losses of our customers. The exchange rate will be $126.61 per BTC, based on the price history of Coinbase.

[Kapz786]

Let's go easy on the "Oh wow thanks SB" and "Fantastic news" etc etc

Have heard all this before:

Assembly refunds:

We have been working on the assembly refund process as time permits, and will be sending an email with instructions in the next few days. We appreciate your patience in this matter.

Actions speak louder than words ill believe it when the satoshi is in my wallet until then its another delay tactic

[trilogy456]

Just got an email from SB (check your inboxes):

The refund process is nearing completion. Upon verification of the
database, an email with further information and instructions to process
requests will be sent. Those customers which are eligible should look for
this email next week.

Thank you again for your continued patience.

As I said last week, hang in there folks. I really do think this is all going to be resolved soon. Yes, it has taken a long time and there hasn't been enough communication. But in the end what is important is that SB makes good on the refund deal he offered in December. Call me naive, but I think he is going to.

Yes, but of course it's hard to believe his time estimates/word.  In his refund promise on December 3rd (https://bitcointalk.org/index.php?topic=192916.msg3803998#msg3803998) he said, "We will be processing the refunds over the course of the next few weeks."  The refund process still hasn't started, and his "few weeks" was 7 weeks, only to give an update saying things will start "next week".

So how long is it going to take if we don't hear "next week", for him to update us and say that there is a delay? Probably a "few" more weeks.

[nightengale]

Just Two More Weeks©!

Sad that it took the threat of legal action, and now more stalling.

I say just keep moving forward with the legal action.

[dmcdad]

All I'm saying is that if you look at the entire history of this SB has ultimately come through with his promises -- it just takes longer than what everyone wants. I don't think the slowness is because of fraudulent intent. Given how messed up the entire situation is because of Avalon's colossal failure to deliver chips in a timely fashion and how this has resulted in a total failure of SB's business, I'm willing to give the guy some slack.

Note this has been true with both chip refunds and delivery of working miners -- he has come through on those, albeit slower than most would like. I think it will also be true with the refunds. In the next week or so we'll know the outcome.

[alfabitcoin]

All I'm saying is that if you look at the entire history of this SB has ultimately come through with his promises -- it just takes longer than what everyone wants. I don't think the slowness is because of fraudulent intent. Given how messed up the entire situation is because of Avalon's colossal failure to deliver chips in a timely fashion and how this has resulted in a total failure of SB's business, I'm willing to give the guy some slack.

Note this has been true with both chip refunds and delivery of working miners -- he has come through on those, albeit slower than most would like. I think it will also be true with the refunds. In the next week or so we'll know the outcome.

Two weeks ago you had the same opinion. Why and what is an issue with refunds? What is the problem and obstacle and on what he been working on to need so much time? He has no money of 25% refund or what?

I have paid near of 1 btc 100 usd for intl shipping what he could not have spend whatever i reqest miners or refund.

[dmcdad]

All I'm saying is that if you look at the entire history of this SB has ultimately come through with his promises -- it just takes longer than what everyone wants. I don't think the slowness is because of fraudulent intent. Given how messed up the entire situation is because of Avalon's colossal failure to deliver chips in a timely fashion and how this has resulted in a total failure of SB's business, I'm willing to give the guy some slack.

Note this has been true with both chip refunds and delivery of working miners -- he has come through on those, albeit slower than most would like. I think it will also be true with the refunds. In the next week or so we'll know the outcome.

Two weeks ago you had the same opinion. Why and what is an issue with refunds? What is the problem and obstacle and on what he been working on to need so much time? He has no money of 25% refund or what?

I have paid near of 1 btc 100 usd for intl shipping what he could not have spend whatever i reqest miners or refund.

Two weeks ago I stated what i knew -- nothing has changed in that regard. You can re-read it if you would like. I don't work for him nor am I spending any more of my time trying to contact or communicate with him for others' sake.

I've stated my opinion and I have the patience to wait longer. If you don't then put your big boy pants on and call him yourself.

[alfabitcoin]

All I'm saying is that if you look at the entire history of this SB has ultimately come through with his promises -- it just takes longer than what everyone wants. I don't think the slowness is because of fraudulent intent. Given how messed up the entire situation is because of Avalon's colossal failure to deliver chips in a timely fashion and how this has resulted in a total failure of SB's business, I'm willing to give the guy some slack.

Note this has been true with both chip refunds and delivery of working miners -- he has come through on those, albeit slower than most would like. I think it will also be true with the refunds. In the next week or so we'll know the outcome.

Two weeks ago you had the same opinion. Why and what is an issue with refunds? What is the problem and obstacle and on what he been working on to need so much time? He has no money of 25% refund or what?

I have paid near of 1 btc 100 usd for intl shipping what he could not have spend whatever i reqest miners or refund.

Two weeks ago I stated what i knew -- nothing has changed in that regard. You can re-read it if you would like. I don't work for him nor am I spending any more of my time trying to contact or communicate with him for others' sake.

I've stated my opinion and I have the patience to wait longer. If you don't then put your big boy pants on and call him yourself.

No offense, i just comented you had the same opinion of waiting for couple of weeks 15 days ago,  nothing else. Only first line were reffered on you. Never called you big boy pants or similar and what you need to do  
Furher, i can call him only a scared sissy for not doing anything for us.
As eu buyer I can not do anything, not even legal action and I at least wont let this thread go dead.

[cardcomm]

Furher, i can call him only a scared sissy for not doing anything for us.
As eu buyer I can not do anything, not even legal action and I at least wont let this thread go dead.

I wonder if ICPEN would be an option for those buyers outside the U.S.

Here is a link for information on cross-border disputes:
http://icpen.org/for-consumers/do-you-have-a-crossborder-dispute

Or you can report your complaint here:
http://www.econsumer.gov/english/report/overview.shtm

Of course, these steps would be for filing criminal charges only and would not likely yield you a refund. But depending on where you live law enforcement may take action of some kind.

For me personally, Steamboat has bought himself exactly one week. Any longer and I'll begin the process of filing my criminal complaints. I'm done screwing around here.

All I'm saying is that if you look at the entire history of this SB has ultimately come through with his promises -- it just takes longer than what everyone wants. I don't think the slowness is because of fraudulent intent. Given how messed up the entire situation is because of Avalon's colossal failure to deliver chips in a timely fashion and how this has resulted in a total failure of SB's business, I'm willing to give the guy some slack.

Note this has been true with both chip refunds and delivery of working miners -- he has come through on those, albeit slower than most would like. I think it will also be true with the refunds. In the next week or so we'll know the outcome.

My understanding of the U.S. legal system is that Avalon's failure to ship in no way relieves SB of his responsibility to us for our assembly and shipping charges. Yes, it's Avalon's fault, no question there. However, we have a contract with Steamboat, NOT BitSynCom (Avalon). We have no contract with, and therefore no case against BitSynCom, but we DO have a contract with Steamboat.

If Steamboat wants to recover his losses, he needs to go after BitSynCom in a lawsuit. WE can't do that for him.

Yeah, it's not ideal. But that's how the system works...

EDIT: combined responses

[Galli]

What date and email address did your receive a response from steamboat?  Nothing arrived in my inbox

[bystander]

What date and email address did your receive a response from steamboat?  Nothing arrived in my inbox

Same email address as ones you've received in the past with the subject(s):  11-2 update, Assembly Update, Update.  This one says "Refund Update".  Post time was 4:11pm Eastern (perhaps '411' as in information).  

[alfabitcoin]

Furher, i can call him only a scared sissy for not doing anything for us.
As eu buyer I can not do anything, not even legal action and I at least wont let this thread go dead.

I wonder if ICPEN would be an option for those buyers outside the U.S.

Here is a link for information on cross-border disputes:
http://icpen.org/for-consumers/do-you-have-a-crossborder-dispute

Or you can report your complaint here:
http://www.econsumer.gov/english/report/overview.shtm

Of course, these steps would be for filing criminal charges only and would not likely yield you a refund. But depending on where you live law enforcement may take action of some kind.

For me personally, Steamboat has bought himself exactly one week. Any longer and I'll begin the process of filing my criminal complaints. I'm done screwing around here.

All I'm saying is that if you look at the entire history of this SB has ultimately come through with his promises -- it just takes longer than what everyone wants. I don't think the slowness is because of fraudulent intent. Given how messed up the entire situation is because of Avalon's colossal failure to deliver chips in a timely fashion and how this has resulted in a total failure of SB's business, I'm willing to give the guy some slack.

Note this has been true with both chip refunds and delivery of working miners -- he has come through on those, albeit slower than most would like. I think it will also be true with the refunds. In the next week or so we'll know the outcome.

My understanding of the U.S. legal system is that Avalon's failure to ship in no way relieves SB of his responsibility to us for our assembly and shipping charges. Yes, it's Avalon's fault, no question there. However, we have a contract with Steamboat, NOT BitSynCom (Avalon). We have no contract with, and therefore no case against BitSynCom, but we DO have a contract with Steamboat.

If Steamboat wants to recover his losses, he needs to go after BitSynCom in a lawsuit. WE can't do that for him.

Yeah, it's not ideal. But that's how the system works...

EDIT: combined responses

Not only that but steamboat just forwarded bitsyncom chip refund funds less his fee with huge delay. But when he need to refund funds what he got at his own he is nowhere to be found. And hes real work is even more delayed assambled miners. He just have not any valid excuse for his careless.

Edit
Btw thanks cardcomm for the links.

[Galli]

What date and email address did your receive a response from steamboat?  Nothing arrived in my inbox

Same email address as ones you've received in the past with the subject(s):  11-2 update, Assembly Update, Update.  This one says "Refund Update".  Post time was 4:11pm Eastern (perhaps '411' as in information).  

Found it.. thx!

[paulthetafy]

OOO an update from SB.  Once again though, what about those of us that have hosted miners?  Forget about us did ya?  Still hashing away are they?  When and how exactly do I get MY BTC from MY miners?  FFS man sort this shit out, you're doing nothing to disprove your increasingly likely scammer tag.