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Topic: WOW! Becoin failed to read and comprehend BFL's policy on BTC refunds - page 5. (Read 35835 times)

hero member
Activity: 952
Merit: 1009
You'll find that the address you sent coins to was associated with a private key held by BitPay, no?
Why should I care? I pay bitcoins to the address where BFL wants me to pay on their invoice.

No you don't. You pay them where BITPAY wants you to pay them.

You pay Bitpays invoice for the service YOU are contracting them for, in this case
sending BFL some dollars for your order.

Notice the URL?


full member
Activity: 196
Merit: 100
it's also why smart people paid with paypal/wire.
Actually, to pay with paypal you have to be a paypal customer. To pay with bitpay you don't have to be a bitpay customer. This, of course, is because you pay in bitcoins, not in $!

Quote
For new buyers, signing up for a PayPal account is now optional.
legendary
Activity: 3431
Merit: 1233
it's also why smart people paid with paypal/wire.
Actually, to pay with paypal you have to be a paypal customer. To pay with bitpay you don't have to be a bitpay customer. This, of course, is because you pay in bitcoins, not in $!
full member
Activity: 196
Merit: 100
Really? Where? Where does the law say that you can repay a 1000 dollar debt with a 10 dollar bill?

Lol. That's dollars and dollars.
LOL. Only fools repay their 1000 dollar debt with 100x10 dollar bills. Clever guys like you will repay their 1000 debt with a single 10 bill? Posting as proof the text on this 10 dollar bill... Why don't you try to convince your bank about your rights?

I'm not sure what your point is...usually there is a limit to how much in coins can be considered legal tender, but banks will take pretty much any quantity of anything.
legendary
Activity: 2702
Merit: 1261
To make it short: Don't pay with BTC!

Wow my business idea is great: Make money with a full refund strategy and at the same time make your victims^W customers happy.
legendary
Activity: 3431
Merit: 1233
You gave Bitpay money
I gave BFL money and acted upon their instruction. I don't care what is the address they wanted me pay to. That is something that BFL decides. They decided they want their bitcoins sent to BitPay. That's what I did.
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
LOL. Only fools repay their 1000 dollar debt with 100x10 dollar bills. Clever guys like you will repay their 1000 debt with a single 10 bill? Posting as proof the text on this 10 dollar bill... Why don't you try to convince your bank about your rights?
It actually makes sense

AHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAH
legendary
Activity: 1372
Merit: 1008
1davout
LOL. Only fools repay their 1000 dollar debt with 100x10 dollar bills. Clever guys like you will repay their 1000 debt with a single 10 bill? Posting as proof the text on this 10 dollar bill... Why don't you try to convince your bank about your rights?
It actually makes sense
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
Furthermore, if you paid BTC using Bitpay
I don't use BitPay. BFL is using BitPay. I don't have any contract with BitPay. BFL has. BitPay is buying and selling BFL's bitcoins!

Actually- you sent BTC to bitpay, so yeah, you're using Bitpay. You gave Bitpay money, so yeah you contracted them to convert it to USD. You didn't read the fine print? Not anyones fault but your own. Besides, it's not so much money, consider yourself lucky you learned your lesson now.

Can a mod please lock this thread? It's been enough stupidity.
legendary
Activity: 3431
Merit: 1233
You'll find that the address you sent coins to was associated with a private key held by BitPay, no?
Why should I care? I pay bitcoins to the address where BFL wants me to pay on their invoice.
legendary
Activity: 3431
Merit: 1233
Really? Where? Where does the law say that you can repay a 1000 dollar debt with a 10 dollar bill?

Lol. That's dollars and dollars.
LOL. Only fools repay their 1000 dollar debt with 100x10 dollar bills. Clever guys like you will repay their 1000 debt with a single 10 bill? Posting as proof the text on this 10 dollar bill... Why don't you try to convince your bank about your rights?
full member
Activity: 196
Merit: 100
I don't use BitPay.

You'll find that the address you sent coins to was associated with a private key held by BitPay, no?
full member
Activity: 196
Merit: 100
Really? Where? Where does the law say that you can repay a 1000 dollar debt with a 10 dollar bill?

Lol. That's dollars and dollars.
legendary
Activity: 3431
Merit: 1233
Furthermore, if you paid BTC using Bitpay
I don't use BitPay. BFL is using BitPay. I don't have any contract with BitPay. BFL has. BitPay is buying and selling BFL's bitcoins!
legendary
Activity: 3431
Merit: 1233
legendary
Activity: 3431
Merit: 1233
1) the law says otherwise,
Really? Where? Where does the law say that you can repay a 1000 dollar debt with a 10 dollar bill?

It's written on every bill ever printed.
So, on every dollar bill is written that you can repay whatever your debt is with that bill? No way!
Go ask your mom if you don't trust me?
legendary
Activity: 1022
Merit: 1000
Really? 8 pages for this?
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
You paid int BTC it was converted into USD.
I paid BTC. Who converted them into $?
That's been explained in great detail on the first page of this thread.

No, it was not explained. Unless what you say is that you can exchange your customer money to other currencies without being a licensed and regulated currency exchange?

Furthermore, if you paid BTC using Bitpay then what you did was actually give BTC to a 3rd party company, who in turn gave a certain amount of USD to BFL. BFL always worked in USD.
legendary
Activity: 2058
Merit: 1005
this space intentionally left blank
BFL was *allowing you* to pay your invoice for USD-denominated products with the then-equivalent amount of BTC.

As the products were denominated in USD, the refunded amount is the value of the product in now-equivalent amounts of BTC.

Is that so hard to understand?




(it's also why smart people paid with paypal/wire).
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
1) the law says otherwise,
Really? Where? Where does the law say that you can repay a 1000 dollar debt with a 10 dollar bill?

It's written on every bill ever printed.
Exhibit a)
1)2) If you paid in cows and the cows died, they obviously couldn't pay you back with the same cows, and any replacement cows would be subjective as to if they were exactly equivalent in all their 'cowness'.
Of course! The replacement cows are subjective as to the CURRENT cow/$ rate, not subjective to the THEN cow/$ when debt was made. If you can't see the difference, nobody can help you because you just don't want to see it.

Perhaps the cow example wasn't such a good one. You're looking at it like a replacement of value, while i intended the cow to substitute as currency in and of itself. In this situation the debt was not actually denominated in cows, it was denominated in USD. They were accepting COWS (by cows I mean BTC) at the current market rate of cow/btc. However this did not make the debt denominated in cows- they were only accepting the value of the cow at current prices.

Get it?

You think that you were denominating the debt in BTC because that is what you paid in. However that's not true, nor enforceable, you were entering the debt denominated as USD but they were accepting BTC in exchange. Perhaps you could have been more clearly explained this at the start, but unfortunately this is the case now. You would be better off perhaps keeping the pre-order and just waiting.
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