Topic: BFL refund through Paypal claim - page 6. (Read 15293 times)

Hopefully when the BFL customers get desperate and all begin selling off their hardware, people like us will snatch it up on pennies on the dollar. Let them all sell it off at discounted prices.

The internet always remembers. 

I think everyone is just entering into panic because:

A) The price of Bitcoin is down almost 30% in the last week. (PANIC!)
B) The enormous amount of ASICs are making BTC very hard to mine. And this is barely the tip of the iceberg. (PANIC x2)
C) BFL's customer base has become aware that they are being royally screwed.

I am cheering BFL on. Because they are keeping those that didn't want to see the signs a virtual hostage with their money.

In which case, they (BFL) are making these customers stick with their decision. They no longer have a choice in the matter. Shouldn't we rejoice that BFL customers had enough wisdom to rush the refund window all at the same time at the very last second?

Now they will get ASICs that will cost them money and not actually make them any (unless they purchased a large lot). (In my opinion.)

Hopefully when the BFL customers get desperate and all begin selling off their hardware, people like us will snatch it up on pennies on the dollar. Let them all sell it off at discounted prices.

Those of you buying these at disenchanted prices, make sure to hold out for a good deal. Lets start with 50% purchase price. Then work our way down from there.

If you want a refund,just whine louder!!!!

Glad I don't have to deal with them anymore 

& NEVER again 

Wow.  Between this and the pictures of the Mini Rigs held together with black tape, hot glue, and velcro, I'm glad I cancelled.

They have sold units with no refund policy as of day 1. Even with this policy, it was possible to ask for refund and they were accepting them. Then they have double checked order status with every customer, providing refund to everyone who wants, notifying that refunds will be completely canceled soon. Is it not enough? Maybe they should have go to every customer doorstep to personally tell them "do not wait for your unit for 4 more months, take back your money instead"?

And now after all this - somebody thinks that he is special and all previous communications and notifications are not applied to him. Are you serious? Where have you been 2 months ago, when difficulty scyrocketed, and BFL was considered as scam? Now it is even better situation for BFL customers than before, they have a lot of confirmations that company is not scam.

Since they have stopped issuing refunds it certainly appears to me (IANAL) they are at least breaking FTC regulations.  It would seem that UNTIL the product is physically shipped a customer has the right to cancel their order (for ANY reason) and the company MUST issue a prompt refund.  

Below is quoted from the link at the FTC site (bolded is mine)

When You Must Cancel an Order

You must cancel an order and provide a prompt refund when:
•the customer exercises any option to cancel before you ship the merchandise;
•the customer does not respond to your first notice of a definite revised shipment date of 30 days or less and you have not shipped the merchandise or received the customer’s consent to a further delay by the definite revised shipment date;
•the customer does not respond to your notice of a definite revised shipment date of more than 30 days (or your notice that you are unable to provide a definite revised shipment date) and you have not shipped the merchandise within 30 days of the original shipment date;
•the customer consents to a definite delay and you have not shipped or obtained the customer’s consent to any additional delay by the shipment time the customer consented to;
•you have not shipped or provided the required delay or renewed option notices on time; or
•you determine that you will never be able to ship the merchandise.


http://business.ftc.gov/documents/bus02-business-guide-mail-and-telephone-order-merchandise-rule

Hypothetically, what do you think a company, faced with all pre-orders canceled, yet holding onto hundreds of TH of mining equipment is going to do?  Say "Oh noes! Bye!" ... or do you think they'd press that hardware into service?

Yes, by all means, cancel all the orders, lets see how well that ends up working out.

For the record, BFL is capable of refunding all of the preorders in the queue and remaining in business.  Would we have to pare down on employees?  Sure we would, but then again, we wouldn't need so many employees if we aren't doing customer service anyway.

Directors are listed under "Parties"  in the link you provided.  They are probably the sole owners.

President / Director   CHRIS      VLEISIDES         2507 JEFFERSON KANSAS CITY, MO 64108

https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=149144214231010201167112190255028042109060235081

BFL is a US corporation, but the owners are unknown.

There has to be at least one pre-orderer taking legal action by now, right?