Quote from: nightengale on November 04, 2013, 04:37:03 PM

I don't remember what the value was exactly, but say you paid $130 for everything and BTC was $100 at the time, you paid 1.3 BTC, right? Now that BTC is $220, you can expect 0.59 BTC back for your $130.

In BTC, that is what is called losing value.

I am hoping it falls somewhere in between, not exactly full refund in BTCs, but more than we paid in terms of dollars.

I suspect SB and Co made margin on the equipment purchases that they kept in the form of BTCs from our payment. To refund us in $ face values of the equipment they purchased without compensation for holding the margin (in BTCs) at current market valuation wouldn't be the best business practice. We should share in that risk factor IMO and I hope that's part of the reason why it's taking a long time for them to refund us. Assuming they made 10% on the assembly/hosting fees, then they're looking at .1 BTC per $100 of customer spend (assuming my memory of BTC conversion is accurate at the time of the assembly/hosting payment deadline)

In today's BTCs, that's a $13, or 130%, appreciation per $100 of customer spend in 4-months without supplying a hosted product. More than enough to refund all of the customers who never received assembly/hosting and 3% remaining to keep for themselves as a handling "fee"