I guess I'm gonna have to use this example again for the 5 year olds.
Why do people not get this? It was NOT priced in bitcoins!!! Here's an example of what did NOT happen...
(First Day) BFL Single SC - 100 btc or $621
(Next Day) BFL Single SC - 100 btc or $857
(Months later) BFL Single SC - 100 btc or $1424
Get it? The price has stayed in US dollars. Not hard to figure out.
Topic: WOW! Becoin failed to read and comprehend BFL's policy on BTC refunds - page 11. (Read 35835 times)
sr. member
Activity: 350
Merit: 250
Trust me, these default swaps will limit the risks
January 17, 2013, 11:43:44 AM
January 17, 2013, 11:30:10 AM
i guess he means: if paid in btc only refunds in btc. if payed in usd refund only in usd.
Very strange, isn't it?no, they are not an exchange.
January 17, 2013, 11:27:22 AM
i guess he means: if paid in btc only refunds in btc. if payed in usd refund only in usd.
Very strange, isn't it? January 17, 2013, 11:13:36 AM
Am I reading this right? You want to make a profit off your refund?
You ain't right in the head, right? You can't even do simple math!If Payment=XXXXX bitcoins=Refund
Then Payment-Refund=0
...
if the bitcoin price drop, BFL will convert dollars to bitcoin and you will received more bitcoins than you paid. I would like to see you applying your rule and returning to BFL the exedente.
January 17, 2013, 11:12:52 AM
but nearly no company would do this as their expenses are in usd (at least for now). to much risk for them.
Simple. Such companies should not accept bitcoin payments and claim they are part of the bitcoin community! January 17, 2013, 11:04:48 AM
anyhow: i'll leave this thread. sometimes you should just realize that if anybody has another opinion than you that they could be right.
Yeah, it's no use really. It's been explained to him for four days straight now by some dozen people why he's wrong and it still doesn't register.
January 17, 2013, 11:02:58 AM
but nearly no company would do this as their expenses are in usd (at least for now). to much risk for them.
Simple. Such companies should not accept bitcoin payments and claim they are part of the bitcoin community!tell this bitpay... they offer exactly this service.
and i think its a good thing because it does allow merchants to participate in bitcoins which otherwise dont have any chance.
anyhow: i'll leave this thread. sometimes you should just realize that if anybody has another opinion than you that they could be right.
January 17, 2013, 11:00:44 AM
but nearly no company would do this as their expenses are in usd (at least for now). to much risk for them.
Simple. Such companies should not accept bitcoin payments and claim they are part of the bitcoin community! sr. member
Activity: 350
Merit: 250
Trust me, these default swaps will limit the risks
January 17, 2013, 11:00:34 AM
@Becoin....you are an idiot and should leave the bitcoin community entirely if you can't figure it out. Just sayin'
January 17, 2013, 10:56:01 AM
if BTC was 1$ today i bet you wanted your refund in $ not in BTC.
Already answered above.I didn't buy my BTC before I sent them to BFL. I bought them months before I decided I want to purchase an ASIC. What a miserable failure? Never purchase anything from "pre-order" crooks!
January 17, 2013, 10:50:02 AM
STOP
...
if in a few months the price of bitcoin collapses, cancel and request a refund in dollars
STOP...
if in a few months the price of bitcoin collapses, cancel and request a refund in dollars
if in a few months the price of bitcoin collapses, BFL will repay all refunds for bitcoin payment in bitcoins as hti is the right thing to do! They would have been absolutely legal and they would have win big. But unfortunately for them, bitcoin appreciated and they got toast. They didn't hedge their speculation against bitcoin appreciation! This is why now, as bitcoin refunds with BFL keep growing, the price of bitcoin is rising.
January 17, 2013, 10:48:35 AM
As much as it sucks for the consumer, it's just how it is... I mean what if BTC had dropped... would there be any complaints about getting your USD refund? No.
maybe becoin could answer this and maybe we can stop having 100 threads about this topic. if BTC was 1$ today i bet you wanted your refund in $ not in BTC.
i guess he means: if paid in btc only refunds in btc. if payed in usd refund only in usd.
this has some merit.
but nearly no company would do this as their expenses are in usd (at least for now). to much risk for them.
January 17, 2013, 10:45:39 AM
As much as it sucks for the consumer, it's just how it is... I mean what if BTC had dropped... would there be any complaints about getting your USD refund? No.
maybe becoin could answer this and maybe we can stop having 100 threads about this topic. if BTC was 1$ today i bet you wanted your refund in $ not in BTC.
January 17, 2013, 10:45:15 AM
You can get a $ refund, correct?
I guess I can get both US dollars and Zimbabwean dollars if I want to? But people didn't pay in $. They paid in bitcoins and want bitcoin refunds.
that's not true. I payed in bitcoin and assumed they'd be "converted" to USD at the time of payment.
no need to "assume".
bitpay does print the usd amount on his invoice and does even update the btc value which need to be payed if you take to long to pay your invoice.
January 17, 2013, 10:44:48 AM
Am I reading this right? You want to make a profit off your refund?
You ain't right in the head, right? You can't even do simple math!If Payment=XXXXX bitcoins=Refund
Then Payment-Refund=0
Why do you fail to understand that I had the bitcoins in my pocket BEFORE sending them to BFL? How am I more profitable, doing payment to BFL and getting a refund for the same BTC amount, than those that didn't pay anything to BFL but just have the bitcoins in their pocket all the time? How adding or subtracting ZERO on either side of a profitability equation will change its meaning?
Jesus... There are all kind of idiots on these forums!
Jesus... There are all kind of idiots on these forums! How true!
Edit: I forgot to add a picture for you to gaze at.
January 17, 2013, 10:41:28 AM
You can get a $ refund, correct?
I guess I can get both US dollars and Zimbabwean dollars if I want to? But people didn't pay in $. They paid in bitcoins and want bitcoin refunds.
that's not true. I payed in bitcoin and assumed they'd be "converted" to USD at the time of payment.
January 17, 2013, 10:37:28 AM
Am I reading this right? You want to make a profit off your refund?
You ain't right in the head, right? You can't even do simple math!If Payment=XXXXX bitcoins=Refund
Then Payment-Refund=0
Why do you fail to understand that I had the bitcoins in my pocket BEFORE sending them to BFL? How am I more profitable, doing payment to BFL and getting a refund for the same BTC amount, than those that didn't pay anything to BFL but just have the bitcoins in their pocket all the time? How adding or subtracting ZERO on either side of a profitability equation will change its meaning?
Jesus... There are all kind of idiots on these forums!
January 17, 2013, 10:23:51 AM
STOP
Pretend to use businesses that accept bitcoin as perfect speculative platforms where you never lose, is absurd.
Ohh I'm a smart guy, I do a preorder for $90k in btc, if in a few months the price of bitcoin collapses, cancel and request a refund in dollars or obviously a lot more bitcoins that I paid initially, if the bitcoin going through the roof, I request refund in bitcoin. I WILL BE RICH
Pretend to use businesses that accept bitcoin as perfect speculative platforms where you never lose, is absurd.
Ohh I'm a smart guy, I do a preorder for $90k in btc, if in a few months the price of bitcoin collapses, cancel and request a refund in dollars or obviously a lot more bitcoins that I paid initially, if the bitcoin going through the roof, I request refund in bitcoin. I WILL BE RICH
January 17, 2013, 10:22:29 AM
no they sold you a product nominated in USD.
you just used btc to purchase it.
No, you can not say that unless the "product" they sold me is actually a bond!you just used btc to purchase it.
Am I reading this right? You want to make a profit off your refund? BTC is worth more now than then so you want full BTC amount returned so you profit? If so, you ain't right in the head. You got the USD/BTC value when you sent the coins and are not entitled to anything more. You are getting the same "value" in a refund, stop being obtuse already. If you can't see/understand this reasoning, you should get off the internet and look for a job flipping burgers where you don't need to think as much.
January 17, 2013, 10:13:16 AM
no they sold you a product nominated in USD.
you just used btc to purchase it.
No, you can not say that unless the "product" they sold me is actually a bond! you just used btc to purchase it.
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