BFL returned money for preorder (ASIC minirig - 30.000$) [solved]

[P_Shep]

Also getting tired of these threads.

[1714821666]

1714821666

[1714821666]

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[1714821666]

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[rjk]

Also getting tired of these threads.

+1

[despoiler]

I'm failing to see why BFL has to refund your order because you have personal issues. 

[ice_chill]

Would you agree on a cash refund based on $30000 original value while BFL keeps the money that the coins have raised over time, or do you want Bitcoins refund, so you can benefit from the rise ?

[Dargo]

The issue at this point isn't whether BFL should grant a refund, since they have already promised to do this. They weren't obligated to give the refund in the first place though since they clearly explained that purchases are not, as a rule, refundable except in case they fail to perform. Given this, I think the OP doesn't have the right to a speedy refund. Still, it would be nice of BFL to process the refund as soon as they reasonably can. And, in spite of the delay, they may essentially be processing the refund about as quickly as they can, given all the other things they need to juggle right now. So, yeah, I agree it's a bit much for the OP to be moaning as though some great injustice is being done.

[MXRider]

Would you agree on a cash refund based on $30000 original value while BFL keeps the money that the coins have raised over time, or do you want Bitcoins refund, so you can benefit from the rise ?

Asking for a BTC refund is outrageous. I'm pretty sure he wants 30k$ back. I don't think personal matters can be solved with bitcoins

OP deserves his refund because BFL promised it but I don't want BFL spending time refunding everyone. I want them working on ASIC!

[Ente]

You guys must be kidding!
BFL promised a refund, but plays dead man for weeks?
Waiting for 30k$? "Baww thread"? Seriously?

For me, the (non-) performing of BFL is a(nother) red flag.

There is way too much money in the game for my taste (2k paid preorders? Non-refundable?). I don't say BFL is doing anything sinister. But I, personally, don't see enough reason and security to trust them with substantial money at these conditions, and with these experiences users are having..

YMMV

Ente

[Dargo]

You guys must be kidding!
BFL promised a refund, but plays dead man for weeks?
Waiting for 30k$? "Baww thread"? Seriously?

For me, the (non-) performing of BFL is a(nother) red flag.

There is way too much money in the game for my taste (2k paid preorders? Non-refundable?). I don't say BFL is doing anything sinister. But I, personally, don't see enough reason and security to trust them with substantial money at these conditions, and with these experiences users are having..

YMMV

Ente

It hasn't even been quite 4 working days since BFL agreed to the refund, so they have not played dead man for weeks.

[crazyates]

I'm already starting to miss the "ASICS ARE GOING TO KILL BITCOIN" threads..

[ice_chill]

You guys must be kidding!
BFL promised a refund, but plays dead man for weeks?
Waiting for 30k$? "Baww thread"? Seriously?

For me, the (non-) performing of BFL is a(nother) red flag.

There is way too much money in the game for my taste (2k paid preorders? Non-refundable?). I don't say BFL is doing anything sinister. But I, personally, don't see enough reason and security to trust them with substantial money at these conditions, and with these experiences users are having..

YMMV

Ente

No red flag because it was not any different with Singles and Minirig FPGA orders, and they delivered.

[kibblesnbits]

I'm failing to see why BFL has to refund your order because you have personal issues. 

Right.  Can you imagine doing this with a $15,000 car purchase?

[AndrewBUD]

I'm failing to see why BFL has to refund your order because you have personal issues. 

Right.  Can you imagine doing this with a $15,000 car purchase?

Could you imagine prepaying 100% of a car and getting it in six months? and it might perform like a car

[Sant001]

When BTC prices rises buyers have an incentive to ask for refunds.

I'm not saying it was the case specifically of this buyer or any other in this forum.

Perhaps sellers could explicitly say on their sites or point of sale, that any refund would be processed in USD or the local fiat currency as a way to remove this incentive.

And then the seller might sell his BTC for fiat or keep it at his own risk for gain or loss.

That could be a way to avoid some refund claims in a scenario of a rising BTC.

[kibblesnbits]

I'm failing to see why BFL has to refund your order because you have personal issues.  

Right.  Can you imagine doing this with a $15,000 car purchase?

Could you imagine prepaying 100% of a car and getting it in six months? and it might perform like a car

Ok, so maybe not a $15k car... Add a couple hundred thousand (and six months)
http://www.imaginelifestyles.com/luxuryliving/2011/01/top-10-luxury-cars-longest-waiting-lists-and-highest-prices

[Barracuda]

Would you agree on a cash refund based on $30000 original value while BFL keeps the money that the coins have raised over time, or do you want Bitcoins refund, so you can benefit from the rise ?

Of course yes. I'm not asking to return the same amount of BTC I sent them. Recalculate with current price of BTC.

[wildemagic]

I'm not asking to return the same amount of BTC I sent them.

You should ask for the same BTC back, you paid in BTC not USD, so 1BTC=1BTC

kind regards

[dave3]

I'm pretty sure the payment processor BFL is using (BitPay) sends BFL USD, not bitcoins.  So if there's a refund, it would make sense that it would be based on USD.

[Barracuda]

I'm not asking to return the same amount of BTC I sent them.

You should ask for the same BTC back, you paid in BTC not USD, so 1BTC=1BTC

kind regards

I think they will not return same ammount of BTC. If they will, it would be honest. Honestly, ammount for refund should be calculated from the date they confirmed refund. Anyway, nobody from BFL want to solve it or return the money...

[MXRider]

I'm not asking to return the same amount of BTC I sent them.

You should ask for the same BTC back, you paid in BTC not USD, so 1BTC=1BTC

kind regards

You are not serious? The price of ASIC minirig is 30 000 DOLLARS not 4xxxBTC. We just used BTC to pay for it. BFL can convert BTC to USD or speculate and keep the BTC. If someone wants a refund and BFL is nice enough to give it, they will refund 30 000 USD. BFL takes the risk if they hold on to BTC and that's why they get the reward if and when BTC price goes up.

[psilan]

So if he paid USD and it went the other way they should pay him in BTC?