The only thing we ACTUALLY have on the table right now is a group buy organizer / assembly business owner that is completely ignoring us.
And why wouldn't he? The longer he waits, the less he has to pay us in BTC apparently.
You pay him 10 BTC, he
will give back 10 BTC. The $USD price of BTC going up or down does not play a factor
AT ALL in how much we get back. It is
theft to impose this method of refunds on somebody where one decides how much you get back based on how high or low the $USD value of something is going up or down.
Why??... Lets assume he would give us back BTC based on rising or decreasing $USD value of the bitcoin (WHICH HE MUST NOT, SHOULD NOT, CAN NOT, AND WILL NOT DO, BECAUSE IT IS UNIVERSALLY ILLEGAL TO DO SO IN ANY PLANET, COUNTRY, PROVINCE, OR JUNGLE):
......This is why
If BTC dropped to a low value of $10 ea., and a customer wanted $500 assembly back, I know for damn sure, that if I was Steamboat, I could, and would (with nobody noticing apparently) easily get away with THEFT in a combination of ways, here are a couple introductory examples, with the enlightening examples to be explained afterwards:
[$500 Assembly Refund] : Returning a customer
ONLY 1.2 BTC and telling him "Hey, I returned the money at which it is based USD '$400' per BTC". "What you payed for." (i.e. when most of us bought BTC it was valued ~$100 USD ea. and we gave him 5 BTC for this $amount of Assembly)
... This is theft, just as plainly as this example,
[$500 Assembly Refund] : Return a customer
ONLY .05 BTC and telling him, "Hey, I returned the money at which it is based '$10,000' per BTC." "What you payed for." (i.e. when BTC value jumps to any ridiculous number; high in this case (rock bottom low is another case,
such as $10 ea.--which I might as well list right here with these two examples anyways, but.. I'd like to "overkill" the process of revealing the pink elephant in the room, cause that's just the kind of guy I am; so please continue!)).
Here is why it is THEFT:You are put into a frame of mind that you are getting back what you payed based on, up' or down', when you are clearly NOT.
For example, if he were to give back assembly refund of
.05 BTC at a
high BTC value ($10,000 ea.), he MUST give back
50 BTC at a
low BTC value ($10 ea.), right?
And you say, "EXACTLY, he WOULD give back 50 BTC when the value has plunged to $10 ea., in order to makeup for this $500 Assembly cost, because Steamboat is a trustworthy guy and that's the correct thing to do!"
THAT IS WRONG,
this is WHY:He CAN'T give back 50 BTC at a LOW VALUE worth of $10 each to satisfy $500 Assembly
Why??? If 200 thousand of us wants this same amount refund back, he would have to give back an impossible
10,
000,
000 BTC
(~%80 of ALL the BTC that exists right now in circulation) ...
Oh, and by the way, only 22 million bitcoins will ever exist to be in circulation once mining is all done, so even
then, it would take HALF of all the bitcoins that exist to do refunds.
NO SINGLE, ONE PERSON, CAN OWN ALL THE BTC ON THE PLANET. (No single person could even possibly own a third, or a quarter, or even an eighth of
all the BTC for that matter.)
Therefore, he LITERALLY does not have the
ABILITY to base your refund on how high or low in $USD the bitcoin is changing.
The only way he
LITERALLY CAN return the refunds to us
is in the same exact amount and form we gave it to him.We payed him 7 Bitcoins for assembly in the beginning, we get back 7 Bitcoins for assembly at the end when it is refunded.
--------------------------------------------
In other words that even a child could understand:Your family generation shotgun that you trade to him for a laptop that he is assembling, IS NOT going to be 1/5 piece of your shotgun returned back to you when the price of this unique shotgun of yours goes up in value on the market, ESPECIALLY when the assembling fails, and EVEN MORE ESPECIALLY if you get NOTHING for it.
You will get your entire shotgun back, returned safely in the exact condition, regardless of whether the shotgun comes to being valued a trillion dollars one day, or a couple of pennies another day.--------------------------------------------
In addition, more importantly, it is like I said before, if you give 5 BTC for assembly that never occurred, then he has been sitting on 5 BTC that were USED FOR NOTHING at all this entire time.
Just as you would trade a whole orange for someone to go look for a couple bananas for you.
If he fails at finding the bananas, then he MUST come back and give the entire orange back to you EVEN IF THE ORANGE WENT UP TO A MILLION DOLLARS. And there is
ESPECIALLY no reason for him to come back returning only the orange peels to you saying, "Sorryy... I got hungry."
(which unfortunately he is going to do, because he used bitcoin funds up to an amount for everyone to receive only 25% of their bitcoins back)--
thats right, if you gave him 20 BTC, he will give back only 4 BTC to you because he had to spend it for the sake of the community.
--------------------------------------------
--------------------------------------------
--------------------------------------------
[...]The longer he waits, the less he has to pay us in BTC apparently.
He transformed those bitcoins into cash. He's not going to spend 4x as much to revert cash back to BTC to give you your money back.
In response to the quotes, according to Steamboats update, 2 or 3 of his main updates ago, he did not convert Bitcoins into cash up to 25% of which are available to be returned to us. Therefore, if you payed 9.5 Bitcoins for assembly, then you will get 25% of those 9.5 Bitcoins back. THERE IS NO, "but Bitcoin is rising in value, so were gonna get less, awwwwww
"... If you read my above court case example, it is clearly THEFT to give back less or more bitcoins based on whether the $price of the bitcoin is going up or down. What we give him in the form of bitcoins, is what we get back in the same exact amount we gave to him. 6 bitcoins for him to sit on = 6 bitcoins for him to give back to us. There is no 6 bitcoins for him to sit on = (uh oh, price went up) 1.5 Bitcoins for him to give back to us. Read the court example. It is
impossible to
PHYSICALLY do this because Bitcoin has a very small circulation limit of 22million that will ever exist (might as well call Bitcoin a RARE commodity),
AND it is
impossible to do this
LEGALLY because it is consequently theft per the above example.
... In other words. He must return our Bitcoins to us, in the exact amount of which we gave to him. He must return our Bitcoins to us, such as if we payed $100 each for 9 bitcoins (total of $900 worth) at the time of July 12th when we bought assembly of ~14 miners at $65 each so to speak, then he must return 9 bitcoins REGARDLESS of whether they are now worth as high as $1,000 or as low as $20 each. We gave him an orange, to go search for a couple bananas. He must give back the damn orange regardless of the value of the orange going up or down. We give him 9 bitcoins, he gives us 9 bitcoins back, whether a bitcoin is worth a million dollars each, or one cent each DOES NOT MATTER, the whole point is we give him an exact amount, and we get back an exact amount.
