At least that is what is fair and logical.
It's only fair and logical to you when it means more money for you.
If btc price went up I can guarantee you would be begging for your original btc.
Also people have sued bfl and hashfast for their original btc payment and won.
There is no easy way to determine the value of btc during time of payment and time of refund as there will always be debate if the price goes up/down or differs depending on which exchange. So without specific terms it is unreasonable to expect this.
It is simply bullshit to impose your own special refund terms after you agreed to no refunds.
And it makes no sense to attempt to smear a companies reputation through the ftc/whatever just because a product they sold was delayed. (which you agreed to no refunds) Especially when minersource is not at fault here and they have been working hard to make things right.
Btc price went down since when i paid them, if those bullshit accusations you are trying to throw at me are true i would have asked for a lot more than my initial 2 btc back.
It makes plenty of sense that if you operate a business in the UNITED STATES that you adhere to their rules.
I have acknowledged plenty of times that minersource is most likely getting fucked just as hard as any of us. They wanna be the big dogs running their mining equipment business, they can follow the rules then.
Did you even read what i said? Your fucking response is so far off base it is like you lack any ability to comprehend what was said.
And this is why BTC isn't likely to ever make it as a virtual currency. Because everyone wants to slant in the way that benefits them. When Hashfast was talking refunds in dollars those that paid in cheap BTC wanted their BTC back in full and when those that paid BFL and BA etc. in pricey BTC want refunds in dollars now that the price has dropped. It's not a currency, it's a commodity.
The problem is that the seller (BA, BFL, etc.) can and choose to have the slant in their favor in both situations. Wouldn't you think that's unfair? If there's gonna be a rule, it should apply everywhere.. Not have the rule tweaked so that it benefits the same parties each time. I'm of the opinion that the amount of btc refunded should correlate with the exchange value. In theory, when we pay in Bitcoin for $X, they should be immediately exchanging those BTC for USD. Thus, when a refund is issued, they should purchase Bitcoins from an exchange for the same USD valuation and sent to the customer.
The only time this would not be appropriate would be if a product's price is firmly denominated in BTC (ie the BTC price doesn't fluctuate in response to the current exchange rate).
Everyone else can have their own opinion. This is mine and I feel like it's a reasonable position.
You are entitled to your opinion. How ever incorrect it might be
I see your point, but why not just use fiat instead? Why not just cash out your btc then and use it to pay for what ever at the point of sale?
I get that you are upset that the rig makers stand to gain massive amounts. I have thought the same thing. They could have just cashed out when it was 1200, then bought back in for 600 a few months later. That really only works if you make tons of assumptions about what they are actually doing with the money.
It makes the most sense that if something is valued in fiat, and you have two choices of fiat and btc to pay. That you receive back your original amount of the payment type. If btc was worth 1200 when you bought something for 1200, that was 1 btc, the price of btc drops to 600. Well if you hadn't have purchased the item and still had your 1 btc, it would now only be worth 600.
What in your right mind makes you think that the merchant should eat that risk for you?
Because it's not a risk on the merchant's part. Like I said, if they did what they were supposed to - exchange the BTC for USD upon receipt of payment - then it should be no problem to take that same USD and either refund that, or exchange it for BTC and refund that.
Me using my BTC to buy the rig at $1200 was my form of cashing out. Had I known that a refund would not be honored for the same value then I definitely would have exchanged the BTC for USD then sent the payment. In addition, I didn't foresee having to get a refund to begin with, otherwise I never would have made the initial purchase. I assumed there might be delays, but nothing like this.
maybe Yalta is a good tax haven now
