I'm so glad I got a refund of 6 BTC in July from BFL and that I bought 3500 PPC for that refund money on Monday this week. The Peercoins I bought are now worth 13 bitcoins
But seeing them going bankrupt makes me wonder why they refunded in the first place? Shouldn't a sinking company keep the money for themselves?
that imho is where the LAW comes into play...you can't not ship an item to someone for more then 1 year (ESP BITCOIN MINERS) and eventually not expect the
LAW to come around and AT THE VERY LEAST make you refund the money for the non-shipped products
as to BFL being shut down ..,it is either the LAW or they plain ran out of $$$
myself I think the people running BFL are setting the corp up for bankruptcy so they can keep their personal assets via the BFL corp taking the fall and
they can also protect the EMC mining pool and any hash they bought as individuals bleeding off BFL at the Nimbus cloud hashing (where do you think
all the pre-order money sat for more then 1 year)
anyway imho anyway
they could STILL walk away with millions and let BFL corp eat the losses (such is why you incorp your business) but I don't think they are that smart
but still ...the nightmare scenario as an end game for BFL ..at least for me....they fracking walk with all the $$ and laugh their ass off at us...
(i did get a refund for my 8.5k usd but still feel 'played' don't ya know)
the above has no basis in reality just my 'worse case' fears
