smyl
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Activity: 31
Merit: 0
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July 10, 2012, 05:02:20 AM |
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also waiting...
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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nckrazze
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July 10, 2012, 05:15:51 AM |
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My Payment address 1Kf5qMuQkN3T2dAR4EPeBZREnfy6C7MWAS I sold $540 worth alot less than I thought  All transactions will have my business LLC name on them not greenbtc or my name. I want my return in coins as well. I can't trust him anymore. And I want the same amount of coins I originally sent for my transactions.. |
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Maged
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Activity: 1204
Merit: 1015
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July 10, 2012, 07:53:43 AM |
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My Payment address 1Kf5qMuQkN3T2dAR4EPeBZREnfy6C7MWAS I sold $540 worth alot less than I thought All transactions will have my business LLC name on them not greenbtc or my name. I want my return in coins as well. I can't trust him anymore. And I want the same amount of coins I originally sent for my transactions.. Yeah... No. It doesn't work that way. If you get your money back in bitcoins, it will be the USD value you are owed converted to bitcoins at market price. If bitcoin crashed, I'm sure you would have asked for USD instead, right? |
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Littleshop
Legendary
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Activity: 1386
Merit: 1003
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July 10, 2012, 12:08:12 PM |
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My Payment address 1Kf5qMuQkN3T2dAR4EPeBZREnfy6C7MWAS I sold $540 worth alot less than I thought All transactions will have my business LLC name on them not greenbtc or my name. I want my return in coins as well. I can't trust him anymore. And I want the same amount of coins I originally sent for my transactions.. Yeah... No. It doesn't work that way. If you get your money back in bitcoins, it will be the USD value you are owed converted to bitcoins at market price. If bitcoin crashed, I'm sure you would have asked for USD instead, right? There is no set way that this works when the terms are not stated in advance. Both ways could be argued reasonably. |
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DeathAndTaxes
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Activity: 1218
Merit: 1079
Gerald Davis
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July 10, 2012, 12:28:43 PM |
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There is no set way that this works when the terms are not stated in advance. Both ways could be argued reasonably.
No it couldn't. He BOUGHT BTC for USD. That was the deal. x BTC for y USD. Now Paypal blocked/reversed the payment but the debt incurred is in USD. Settlement is separate from the transaction. It doesn't magically become a debt in BTC. No where, no court, anywhere on the planet would find the alternative "reasonable". BitMit owes y USD to his creditors. If he chooses to repay in BTC (which I certainly hope he does) the amount owed is still in USD. |
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Philj
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July 10, 2012, 01:08:42 PM |
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There is no set way that this works when the terms are not stated in advance. Both ways could be argued reasonably.
No it couldn't. He BOUGHT BTC for USD. That was the deal. x BTC for y USD. Now Paypal blocked/reversed the payment but the debt incurred is in USD. Settlement is separate from the transaction. It doesn't magically become a debt in BTC. No where, no court, anywhere on the planet would find the alternative "reasonable". BitMit owes y USD to his creditors. If he chooses to repay in BTC (which I certainly hope he does) the amount owed is still in USD. I agree. Too many people try to change the terms of the transactions in their favor from when the deal was made to when the deal is settled whenever there is a change in exchange rate. |
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John (John K.)
Global Troll-buster and
Legendary
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Activity: 1288
Merit: 1225
Away on an extended break
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July 10, 2012, 01:14:46 PM |
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There is no set way that this works when the terms are not stated in advance. Both ways could be argued reasonably.
No it couldn't. He BOUGHT BTC for USD. That was the deal. x BTC for y USD. Now Paypal blocked/reversed the payment but the debt incurred is in USD. Settlement is separate from the transaction. It doesn't magically become a debt in BTC. No where, no court, anywhere on the planet would find the alternative "reasonable". BitMit owes y USD to his creditors. If he chooses to repay in BTC (which I certainly hope he does) the amount owed is still in USD. I agree. Too many people try to change the terms of the transactions in their favor from when the deal was made to when the deal is settled whenever there is a change in exchange rate. This +1. Original deal is for x BTC for y USD. |
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Littleshop
Legendary
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Activity: 1386
Merit: 1003
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July 10, 2012, 09:07:26 PM |
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There is no set way that this works when the terms are not stated in advance. Both ways could be argued reasonably.
No it couldn't. He BOUGHT BTC for USD. That was the deal. x BTC for y USD. Now Paypal blocked/reversed the payment but the debt incurred is in USD. Settlement is separate from the transaction. It doesn't magically become a debt in BTC. No where, no court, anywhere on the planet would find the alternative "reasonable". BitMit owes y USD to his creditors. If he chooses to repay in BTC (which I certainly hope he does) the amount owed is still in USD. I am happy to get USD as originally agreed to. But if you make a trade, and that is what this was, and someone takes back what you traded, getting back what you ORIGINALLY started with is not an insane or even an out of the ordinary demand. Your statement of 'No where, no court, anywhere on the planet would find the alternative "reasonable".' is not correct. |
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redrobin
Newbie
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Activity: 31
Merit: 0
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July 13, 2012, 01:00:39 AM
Last edit: July 13, 2012, 01:55:40 AM by redrobin |
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Any word/updates on getting anything back?
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TheBitMan (OP)
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July 13, 2012, 01:58:51 AM |
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Any word/updates on getting anything back?
How does a money order sound for everyone? We all have to wait until the 18th and see what happens.. |
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RandomQ
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July 13, 2012, 02:43:19 AM |
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A USPS money order will work because they are easy to cash at any PO. If you have a fake one they will not cash it.
A Bank Money Order are much harder to cash and easy to fake. I would not deposit any money order in a bank account because you can use it after 24-48 hours but it can take up to two weeks to clear and bounce.
Go directly to the bank that the money order is from local branch and try to cash it.
I see fake MO's around every 3-4 months from ebay.
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redrobin
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Activity: 31
Merit: 0
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July 13, 2012, 03:09:09 AM |
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Money order sounds good.
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Philj
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July 13, 2012, 09:21:21 AM |
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I'd take a USPS MO
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TheBitMan (OP)
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July 13, 2012, 04:03:54 PM |
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It now says that paypal is reviewing all cases which is a good thing, no waiting on other party.
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chungenhung
Legendary
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Activity: 1134
Merit: 1005
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July 13, 2012, 06:26:29 PM |
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reviewing usually means they do nothing on it, then all of a sudden every open case gets closed.
Let us know as soon as you get the result.
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Littleshop
Legendary
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Activity: 1386
Merit: 1003
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July 15, 2012, 06:34:27 PM |
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They have finalized the reversal of the transactions that I received. That means the money is now back in TheBitMan's account.
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RandomQ
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July 16, 2012, 12:33:11 AM |
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1Kf5qMuQkN3T2dAR4EPeBZREnfy6C7MWAS
I screwed up on the total. Its $600.
I would prefer bitcoins
Or a USPS money order with tracking.
The Only thing is that my paypal account was a business account for my LLC
and I don't think it show my name Only my Business Name
Anyone know what ID would be required for a cashing a MO made out to a business.
---------------------------------------------------
$40 - Unique Transaction ID # 5KC55551L6278421G
$20 - Unique Transaction ID # 83563526SH281730U
$50 - Unique Transaction ID # 57907370R64832243
$50 - Unique Transaction ID # 5XJ43285W8169715B
$40 - Unique Transaction ID # 7UR80556E2735483X
$200 - Unique Transaction ID # 0JX22215FH012201M
$200 - Unique Transaction ID # 5PC314948F217464A
----------------------------------------------------
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TheBitMan (OP)
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July 16, 2012, 12:51:26 AM |
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Bitcoins would be a little complicated because I purchased from everyone at different rates but if we can all agree on one fixed price per coin it would be pretty simple. I would only have to write one money order to one person who will take it for bitcoins. Money orders on the others hand would be a little harder for me bc I have to fill them all out but will work pretty well.
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DeathAndTaxes
Donator
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Activity: 1218
Merit: 1079
Gerald Davis
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July 16, 2012, 12:53:21 AM |
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Bitcoins would be a little complicated because I purchased from everyone at different rates but if we can all agree on one fixed price per coin it would be pretty simple. I would only have to write one money order to one person who will take it for bitcoins. Money orders on the others hand would be a little harder for me bc I have to fill them all out but will work pretty well.
Don't over think this. If you owe someone $100 you simply give them $100 worth of Bitcoins. If you owe someone $212.87 you give them $212.87 worth of Bitcoins. Also the offer my company made above still stands ... If he has the cash we can help. ...
Assuming he has or can get the cash we are willing to sell to him at cost and even cover any cost to get us the funds. TheBitMan just needs to get certified funds to our account. Acceptable methods are bank wire, cashier's check send by overnight mail to our business address, or cash/cashier's check deposit at any Bank Of America branch. If TheBitMan provides us a list of people he owes, the amounts and bitcoin addresses (obtained from each creditor) we can disburse the funds owed directly.
Our fee: nothing. We will even cover the origination cost of a bank wire or cashier's check.
Happy to act as a trusted third party and build some good PR.
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Littleshop
Legendary
Offline
Activity: 1386
Merit: 1003
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July 16, 2012, 01:02:49 AM |
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Bitcoins would be a little complicated because I purchased from everyone at different rates but if we can all agree on one fixed price per coin it would be pretty simple. I would only have to write one money order to one person who will take it for bitcoins. Money orders on the others hand would be a little harder for me bc I have to fill them all out but will work pretty well.
USD as expressed in BTC at the time of payment. Sounds complex but it is not at all. Lets say you owe someone $60, you go to http://preev.com/ (for example) And it tells you $60 is 7.83 BTC. Send the 7.83 BTC to the persons address and you are done. |
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