Post
Topic
Board Hardware
Re: I have applied for a refund from BFL Labs 03.April.13 (Refunded 05-April-2013)
by
witherworth
on 07/04/2013, 05:57:38 UTC
05-April-2013 Refund received in full.
So those people (or at least most of them) claiming to have not BFL received refunds are trolls?

I am wondering what will happen with BTC payments though?


You get Dollars.

When you take money in once currency and pay back in a devalued one that's called an arbitrage scam.
If you want your BTC back kindly remind them of the Mail & Wire Fraud laws. http://en.wikipedia.org/wiki/Mail_and_wire_fraud
If you paid in BTC, there's no excuse for them not paying back in BTC, they run a huge mining farm and pool so they have freshly mined BTC every day!


Noone paid in BTC. Everyone paid in USD. They used a third party to kindly take your BTC and pay BFL USD on your behalf. Which means refunds occur in the same way, just reverse. If you want BTC, BFL will send the USD you paid them to a third party who then sends you their current value in BTC on BFL's behalf. (Note that they don't actually do this, but you can act as the "third party" yourself and exchange on MtGox.

Point is, you get what you paid back. Now, if BTC skyrockets and people request a BTC refund from Avalon (assuming they did refunds), then you'd expect X BTC back for X being paid. But thats a whole different situation. BFL didn't take BTC payments, just USD.