Topic: The bASIC Refund Tracking Thread - page 24. (Read 41031 times)
I received a full refund of the CC portion of my order at close of business yesterday. They(Dave) is most definitely doing what he says he is.
My cancelled bASIC order is listed as "Ready to Ship". My paid and not cancelled Avalon order is listed as "Cancelled". Feels bad man. 
Is this shit what 'colored coins' are for? <<< Legitimate question.
My cancelled bASIC order is listed as "Ready to Ship". My paid and not cancelled Avalon order is listed as "Cancelled". Feels bad man.
Quote
12-Oct-2012 1582 0 1 0 Ready To Ship CC - 16-Jan-2013 No whizter
My order now shows as "refunded" and I received an email saying my order status changed. But money didn't arrive yet.
I believe they'll be returned and we'll just have to eat the opportunity cost/exchange rate losses. I think Tom just got in way over his head and didn't know what to do. There's already been a wave of BTC refunds & lots of CC refunds. If as Dave says the bulk of the orders were in CC then the BTC balance outstanding probably isn't all that huge. Surely Tom's reputation is worth more to him than the remaining BTCs owed those that trusted him. If he meant to just rabbit with all the BTCs then why the wave of BTC refunds?
I'm still a bit pissed at Tom for stringing me along, but if he returns what's mine, and I believe he will, I'll get over it.
I'm still a bit pissed at Tom for stringing me along, but if he returns what's mine, and I believe he will, I'll get over it.
And what happens when the funds run out? Do CC refunds first and the BTC refunds never get done. Refund the BTC first and when the CC funds run out, customers can still do chargebacks and get their refunds that way. The only fair way is to refund BTC first.
Actually the only FAIR way is to refund the orders in the order they came in... But since you are not paying dave to do the work just STFU
Whereas it is absolutely clear that all bASIC preorders and subsequent refund requests transacted via BTC have been languishing longer than expected.
And that the value (in USD) of BTC has risen since all preorders (and probably all but a few refund requests) for bASICs were made.
And that it is untenable that a merchant (or customer) should be at liberty to modify the recorded time of a transaction in order to obtain a favorable exchange rate.
I hereby suggest that BTC refunds be valued at either the USD/BTC rate at the refund time requested if ascertainable, or, perhaps, the Jan 8, 2013 closing price at Mt. Gox of $13.74275USD/BTC.
And that the value (in USD) of BTC has risen since all preorders (and probably all but a few refund requests) for bASICs were made.
And that it is untenable that a merchant (or customer) should be at liberty to modify the recorded time of a transaction in order to obtain a favorable exchange rate.
I hereby suggest that BTC refunds be valued at either the USD/BTC rate at the refund time requested if ascertainable, or, perhaps, the Jan 8, 2013 closing price at Mt. Gox of $13.74275USD/BTC.
I believe they'll be returned and we'll just have to eat the opportunity cost/exchange rate losses. I think Tom just got in way over his head and didn't know what to do. There's already been a wave of BTC refunds & lots of CC refunds. If as Dave says the bulk of the orders were in CC then the BTC balance outstanding probably isn't all that huge. Surely Tom's reputation is worth more to him than the remaining BTCs owed those that trusted him. If he meant to just rabbit with all the BTCs then why the wave of BTC refunds?
I'm still a bit pissed at Tom for stringing me along, but if he returns what's mine, and I believe he will, I'll get over it.
I'm still a bit pissed at Tom for stringing me along, but if he returns what's mine, and I believe he will, I'll get over it.
And what happens when the funds run out? Do CC refunds first and the BTC refunds never get done. Refund the BTC first and when the CC funds run out, customers can still do chargebacks and get their refunds that way. The only fair way is to refund BTC first.
The CC customers are the ones that can put Tom in jail if not returned, they're also the ones with an expiration date. I don't think the current policy is surprising.
BTW I'm owed more $$$ in BTC than CC.
BTW I'm owed more $$$ in BTC than CC.
Hear ya there! .. makes total sense to just run w/ the BTC left from btc orders. Highly doubt we will see our BTC bro but...theres always a chance I suppose.
BTC failed us this time around =( thats the saddest part of all this
I believe they'll be returned and we'll just have to eat the opportunity cost/exchange rate losses. I think Tom just got in way over his head and didn't know what to do. There's already been a wave of BTC refunds & lots of CC refunds. If as Dave says the bulk of the orders were in CC then the BTC balance outstanding probably isn't all that huge. Surely Tom's reputation is worth more to him than the remaining BTCs owed those that trusted him. If he meant to just rabbit with all the BTCs then why the wave of BTC refunds?
I'm still a bit pissed at Tom for stringing me along, but if he returns what's mine, and I believe he will, I'll get over it.
agree dave maybe you should hult on cc refund work on btc first that way there is some legal actions being held over his head all you do by processing cc payments first is allow him to run free with the btc
And what legal actions would they be? If Dave stops processing CC refunds, people will do just do chargebacks. It's not like hundreds of people are going to file small claims actions against the company in New York, and even if they did, so what? A judgement is only as valuable as the ability to enforce it. It's not going to be quicker or cheaper for people to obtain a judgement against BTCFPGA LLC and to enforce that judgement than it is to do a chargeback.
Honestly Dave I think the best thing for you is to finish up the CC refunds.. which you said you would today I think... and then never post in a bASIC thread again. Dave said he doesn't have access to BTC so why would he involve himself in this any further. The longer he associates himself with this mess the worse he's going to look. It's nice he's sticking around to help with CC refunds cause it sounds like he's not going to be paid for any of it.
agree dave maybe you should hult on cc refund work on btc first that way there is some legal actions being held over his head all you do by processing cc payments first is allow him to run free with the btc
Quite nice of you to use other people's money as a club to get what you want.
agree dave maybe you should hult on cc refund work on btc first that way there is some legal actions being held over his head all you do by processing cc payments first is allow him to run free with the btc
And this is when the purpose of the credit card becomes clear.
To paraphrase .. all CC orders being refunded. BTC is fuxxored because tom doesnt talk to anyone anymore and hes just run off w/ our BTC. Fuck this.
My approach is literally just one of attrition - I've got a huge job to do and needed to break it down to manageable parts. We have probably 75% CC orders, so I can eliminate a huge amount of noise by running those. Another reason for this is because I have direct access to the CC refund trigger, using Stripe's API. What I personally don't have is 10k BTC to send out for refunds. The BTC refunds currently have to be listed for Tom to process. Unless he sends me BTC to do refunds with, I can't directly refund them.
I just want to make it clear to everyone: all I've ever been is an employee of Tom's - I'm not a partner, investor, part owner or otherwise. I'm not physically located near him. We don't work together in an office where we see and speak to each other often. I don't have access to his accounts, I don't benefit from getting this job done in one way or another, except to see to it that everyone gets their money back.
I feel that its the least I can do - I participated in building this up - the right thing to do is see to it that tearing it down is done correctly.
I just want to make it clear to everyone: all I've ever been is an employee of Tom's - I'm not a partner, investor, part owner or otherwise. I'm not physically located near him. We don't work together in an office where we see and speak to each other often. I don't have access to his accounts, I don't benefit from getting this job done in one way or another, except to see to it that everyone gets their money back.
I feel that its the least I can do - I participated in building this up - the right thing to do is see to it that tearing it down is done correctly.
The CC customers are the ones that can put Tom in jail if not returned, they're also the ones with an expiration date. I don't think the current policy is surprising.
BTW I'm owed more $$$ in BTC than CC.
BTW I'm owed more $$$ in BTC than CC.
Hear ya there! .. makes total sense to just run w/ the BTC left from btc orders. Highly doubt we will see our BTC bro but...theres always a chance I suppose.
BTC failed us this time around =( thats the saddest part of all this
The CC customers are the ones that can put Tom in jail if not returned, they're also the ones with an expiration date. I don't think the current policy is surprising.
BTW I'm owed more $$$ in BTC than CC.
BTW I'm owed more $$$ in BTC than CC.
Dave, the CC customers have nothing to lose. Refund them last.
Unless you are personally guaranteeing that every customer will be refunded in full, do the BTC refunds first.
Thanks Dave, the updates are appreciated.
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