Author

Topic: BitcoinASIC refund fiasco is BitPay's fault (Read 1606 times)

hero member
Activity: 742
Merit: 500
February 25, 2013, 11:43:21 AM
#10
so, we can scratch this weak scapegoat attempt from the Tom/bASIC drama?  Sounds like it..

hero member
Activity: 868
Merit: 1007
February 25, 2013, 11:41:37 AM
#9
We payout all merchants daily regardless of what currency they choose to be paid in (in the cases of USD or other national currencies, we payout as the banking system allows...which means we can't payout on weekends or holidays).  We do not hold funds on behalf of merchants, BitcoinASIC is no exception.
hero member
Activity: 742
Merit: 500
February 23, 2013, 07:03:16 PM
#8
at the end of the day, it all falls back on Tom.. 

I'm actually still waiting for a couple chargeback disputes to be finalized... thanks again Tom!
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
February 23, 2013, 03:41:23 PM
#7
I thought it was a foregone conclusion that Tom maintain(s/ed) at least one main wallet containing BTC, and it's from there that earlier refunds stemmed from.
legendary
Activity: 952
Merit: 1000
February 23, 2013, 02:52:34 PM
#6
If the BTC crash continues then no.
Paranoid much? Over the past 4 days, the value has risen ~10%, and then dropped ~10%. Go look at the MtGox 30 day timeline - it's a pretty consistent upward trend. I don't consider that a crash.
hero member
Activity: 1162
Merit: 500
February 23, 2013, 11:03:32 AM
#5
and only let him withdraw at the current USD rate.

Wouldn't that make them richer?

Depends. If the BTC crash continues then no.
hero member
Activity: 896
Merit: 532
Former curator of The Bitcoin Museum
February 23, 2013, 08:31:59 AM
#4
and only let him withdraw at the current USD rate.

Wouldn't that make them richer?
hero member
Activity: 840
Merit: 1000
February 23, 2013, 06:42:34 AM
#3
Source?  I highly doubt that BitPay is still in control of any of the bASIC pre-order BTC.
legendary
Activity: 1876
Merit: 1003
February 23, 2013, 06:42:17 AM
#2
Please post more information and sources for your information.

Where did you hear this from?
member
Activity: 109
Merit: 10
February 23, 2013, 06:35:23 AM
#1
I heard BitcoinASIC never converted their coins into USD.

BitPay may not be letting Tom getting the full amount, and only let him withdraw at the current USD rate.
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