Quote from: JohnDoe on May 14, 2011, 04:58:45 PM

Quote from: Fleembit on May 14, 2011, 02:25:09 PM

Hmph, well now that we can't trust this guy anymore, what options do Canadians have to buy/sell bitcoins for dollars?

You already made up your mind before hearing the other side of the story?

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Did you use pgp for your communications? The Madhatter has a very good reputation so I feel that something like this need some kind of proof, unless of course he's willing to give an explanation here.

I had already dealt with Mr. Madhatter a few times before and was very satisfied with his service so I wasn't even worried at all about the slight delay this time around. I took for granted that he would do good on his orders. All the information I have from him is clearly posted on his website so don't take my word for it just see for yourself and make your own conclusions. I felt that it was important to communicate the issue to the rest of the community as promptly as possibly and see what other members' opinions on the matter were.

https://www.bitcoin4cash.com/buy.php

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Due to the Bitcoin prices being so volatile I am unable to honor locked in trades at this time. I will still accept open rate trades.

We now offer two types of trade. If you want us to hold the live rate for you, until your letter arrives at our location, please select the "fixed rate" option. This option requires a small up front deposit of 10% (payable in Bitcoins) to reserve Bitcoins from our pool. Once your letter arrives we will return your deposit and honor the locked-in rate. If you decide to cancel your order, we will return your deposit less any rate fluctuations. This is similar to how numerous online gold/silver bullion dealers deal with rate fluctuations.

At least Mr. Madhatter is honest in his dishonesty so I still feel like he has the opportunity to correct his mistake. I can only assume he will at least return my initial payment since he did refund my 10% deposit already. It's the fact that he is unwilling the fulfill the original agreement that leads me to no longer trust him. Imagine you had bought a lottery ticket and won the drawing but then the issuer says "well we can't pay you the prize so here's your $1 back". Gee, thanks! The original wording of his statement leads one to believe that the bitcoins purchased were available on-hand and reserved to the buyer. Madhatter fails to give any explanation as to how he was was "unable" to fulfill the orders subsequently and leads one to believe he is simply "unwilling" to do so seeing as how it would be more profitable for him to cancel the orders.