1)My post does not have those words bolded.....just yours does.
*facepalm* Yes, it wasn't initially....you know what? Nevermind. I'm just going to move on. Needless to say, this comment explains a lot in and of itself, i.e. what seems like the borderline technical illiteracy that has resulted in your current method of business conduction. I am truly sorry if I confused you.
2)It is 11% and not 13.2% (A $400 deposit nets the buyer $356)
A $400 deposit nets the buyer $356 worth of bitcoin.
(I can see how you might think it is 12% based on how it is worded in the explanation, but since our 2% fee is taken from the amount after the seller is paid, it actually works out to 11% for the buyer when the smoke clears)
A $400 deposit nets the buyer $356 worth of bitcoin.
(I can see how you might think it is 12% based on how it is worded in the explanation, but since our 2% fee is taken from the amount after the seller is paid, it actually works out to 11% for the buyer when the smoke clears)
Oh, my mistake. In that case, the buyer's expected value = (0.98)(1/1.1) = ~0.891, meaning there is a 10.9% overall fee.
I agree with you 100%. This thread seems to have attracted a plethora of people recently who have never used the service suddenly deciding they want to bitch and moan about it. If they have so many ideas as to how the business should be run perhaps they should open there own business and offer some competition since clearly they all have opinions on how it could be run better.
I've not complained about your service, personally. I just didn't understand why you're doing business the way you are - it seems strange you wouldn't be completely truthful with your potential buyers. But if a simple inquiry about why you don't display your price is essentially met with an emphatic, "Fuck off," then by all means, carry on in that fashion if you think it best.
And to address the latter point, I do trade already. I buy at 1:1. If it were realistic for me to trade at 10.9%, phew...that'd be something else. Sadly it's not very realistic (without a significant advertising budget), so I don't.
