Topic: The bASIC Refund Tracking Thread - page 29. (Read 41031 times)

Tom, will you at least refund the value in bitcoin at the time of the refund request?

I do not believe Tom will be refunding the original amount of bitcoins people used to purchase but the same equivalent in USD.  My understanding is that people who preordered with bitcoins will have lost out on the recent gains BTC has made against the USD

I do not believe Tom will be refunding the original amount of bitcoins people used to purchase but the same equivalent in USD.  My understanding is that people who preordered with bitcoins will have lost out on the recent gains BTC has made against the USD

People who have received their refunds still paid a cost, an actual monetary one if they paid with anything other than USD (BTC, Euro etc) due to exchange rates.  In any case they lost due to opportunity cost by placing orders with bASIC in all cases they made a choice to not deal with one of the alternative manufacturers and lost out on earlier delivery.

Hey silly question but if Tom only has so much money and he has to refund a certain amount but he has to use bitcoins to do it and they go up in price wont he run out of funds?  Seems like an issue unless he plans to spend more money then what he took in to cover bitcoin ordered gear. 

Maybe I am looking at this in to simple of a manner.   

Exactly what i thought, not that i'm grumbling though, it's meant my fpga's i bought 8 weeks ago have nearly paid for themselves already

I believe Tom got a "community save" from his antics last night.. hopefully to finally come to a sense of ending with this whole shit storm..

For the record
1.  We've refunded a lot more than 200k - a LOT more.  Several times that amount.
2.  There is a delay for refund requests - they sit in my email inbox until I can work through them.  Each one is a little work-task that can take a few minutes or even 15 minutes.  I have every combination of combined orders, part CC/part BTC order, "refund only half my order", re-requests, no details provided, "please refund, wait don't refund, now refund again", the list goes on.  Our order system has to be updated as well. Its a slow process to do it right. 
3.  I've had a shit-ton of personal and business things happen over the last week and a half that have conspired to slow me down with processing the emails.  I can fly through the CC refunds quicker at least, then follow up with the remainder of BTC refunds for Tom.

Sorry for the weak excuses - I mean them to be explanations.

Best,
Dave

this forum will be locked from this point forward - if I need to tell you anything else I will post again otherwise you will not hear from me

So, THAT is why the exchange rate has jumped from $13 to $17. I have seriously suspected this was you the whole time No jokes!

all that nonsense that was posted on the Bitcointalk forum last night was not me.

"First I want everyone to know - that all that nonsense that was posted on the Bitcointalk forum last night was not me. In fact I have not been on that forum in quite a while. My forum account was compromised and some people had some fun with it. I can't even get into the account now - so I am assuming that the admins checked the IP address and realized it was not me posting like a madman and locked my account for me. Either that or the intruder changed the password on me. Either way please DO NOT trust or believe anything that has been or is being posted by my Bitcointalk forum account. I plan to email theymos in a few moments to get my account back - I will update you when I once again have control over the account.

Many people have contacted me about buying these 16,000 chips - God I wished I had them, but I am sorry that post was not made by me and I do not have 16,000 chips to sell. I have to pay the second part of the deposit to receive the chips and I am not sure I will even be able to do that - although I am not giving up on the notion. I decided to not accept the loan that was offered to me to keep this company going. With a 90% refund rate there really is no point.

EVERY SINGLE CUSTOMER WILL BE REFUNDED. PERIOD.

I have the list of BTC Refunds and should be making those today.
All other CC orders will automatically be refunded today.

I hope you can please accept my deep apologies, I thought I could pull this off but it was just too much of an undertaking for me, I feel ashamed and embarrassed and I am so sorry that I could not come through for you. Everyone will receive their refunds. As a matter of fact I am starting on them now.

This will take a little time, we are talking thousands of refunds. I wish there was just a "refund all" button but unfortunately there is not one and I have to do this manually.

this forum will be locked from this point forward - if I need to tell you anything else I will post again otherwise you will not hear from me - your refund will come automatically and theres no reason for communication."

keep in mind ... there was no proof of bASIC actually being anywhere in any plans for actually being designed / developed / fabbed / .. NO PROOF whatsoever. It could be completely fake, all these stories made up by dave / tom .. its entirely possible, it indeed could be a sad truth. Who knows .. at least the people who got their refunds are doing fine...

Regardless whether it was or wasn't Tom, the situation is Tom should step forward and show his credibility (or face the refunds).
If the chips are finished, is there please a chance to take a photo? No secrets revealing, no clock buffers or anything.
If the business has run into problems, it would be wise to speak out and ask friends, the community, or the customers for help.
Maybe the customers will rather accept the problems and clarity, hence they are the venture capitalists.
BTW any news from the new owners? Or they are not owners yet? Or they are not the right owners? How confusing.

I don't believe the hacking story of Tom's account but let's give the guy a second chance.

Back on topic ?

Tom, refund...