nah dude - there were 3 people who ordered that - but with all the mtgox issues (still haven't got our account back) and the canadian postal strike, things have been nuts.
Someone else is administrating the forbitcoin account for us, but the silver offer was taken down because the price of bitcoin was fluctuating so much, and people were misunderstanding the gig - we can't afford to sell these 10 oz bars for less than $400, and the bitcoin price is too volatile now.
Whoever bought will receive, or get a refund - we are just waiting on mtgox to fix their shit.
Someone else is administrating the forbitcoin account for us, but the silver offer was taken down because the price of bitcoin was fluctuating so much, and people were misunderstanding the gig - we can't afford to sell these 10 oz bars for less than $400, and the bitcoin price is too volatile now.
Whoever bought will receive, or get a refund - we are just waiting on mtgox to fix their shit.
I already had paid enough for the silver bar and shipping, weeks before Mt. Gox went down.
There was no "misunderstanding the gig." You offered a 10oz bar of silver for $400 worth of BTC and I paid that.
You admitted that you retroactively changed your mind about the terms of the offer after I handed over my money, because of btc price flux.
That's just sleazy. An honest business would make it right.
Expecting your customers to eat your losses, which were caused by your failure to deliver, is pretty ridiculous.
Would you renege on an eBay auction after it's ended, just because you no longer want to accept the winning bid?
Based on your (lack of) actions and stated POV, it seems like you would.
Your bad faith and faulty logic could hardly be demonstrated more clearly.
Especially given the lack of response prior to my making your dishonesty public.
iCEBREAKER said:
Quote
This is becoming a very expensive bar. On June 9, at the time of purchase, I overpaid by $48.35, more than enough to cover two-day shipping. I was given an expected delivery date of June 16. On June 10, you brought up previously unmentioned shipping options. Four days after I responded, you asked me to send you another 7.6btc. The day after, it went up to another 14.
The "time of purchase" is when a buyer accepts a seller's offer, by placing an order and paying their btc. That way, each transaction has a clear timestamp and there is an incentive (exposure to price flux) for the seller to minimize latency.
forbitcoin said:
The standard practice for business is that once the buyer is parted from their money, the deal is done. No legitimate business would try to raise the price after the advertised purchase is complete. At that point the burden is on the seller to move fast and give the buyer what they already paid for. The buyer is not responsible for covering the sellers' losses, any more than the seller is responsible for offering a refund of the value of the item decreases. You can't expect buyers to carry the liability that belongs to sellers. Especially when you state the terms explicitly in the offer. The PURCHASE is complete when a buyer pays his money. The ORDER is complete when the buyer gets his item. NEITHER has anything to do with when the seller says they got around to shipping the item.
The "time of purchase" is when a buyer accepts a seller's offer, by placing an order and paying their btc. That way, each transaction has a clear timestamp and there is an incentive (exposure to price flux) for the seller to minimize latency.
forbitcoin said:
Quote
Yeah you are right, we put the wrong term in the description, it was always meant to be the time of order completion, ie when it ships. The price of bitcoin is quite volatile as we all know, where Silver is a lot more secure. We just can't ship it for less than it's value unfortunately. If you want to proceed thats fine, but with this crazy mtgox stuff happening we will have to wait until that's back up and running.
BTW I understand your frustration, this order has taken a long time to complete with a lot of back and forth, all the while the btc price has shifted substantially - I hope you can understand where we are coming from on this.
BTW I understand your frustration, this order has taken a long time to complete with a lot of back and forth, all the while the btc price has shifted substantially - I hope you can understand where we are coming from on this.
The standard practice for business is that once the buyer is parted from their money, the deal is done. No legitimate business would try to raise the price after the advertised purchase is complete. At that point the burden is on the seller to move fast and give the buyer what they already paid for. The buyer is not responsible for covering the sellers' losses, any more than the seller is responsible for offering a refund of the value of the item decreases. You can't expect buyers to carry the liability that belongs to sellers. Especially when you state the terms explicitly in the offer. The PURCHASE is complete when a buyer pays his money. The ORDER is complete when the buyer gets his item. NEITHER has anything to do with when the seller says they got around to shipping the item.
This line of excuses is getting pretty long.
