Post
Topic
Board Hardware
Re: Liquid Synergy Designs Inc. -ASIC mining hardware
by
eroxors
on 19/11/2013, 16:55:23 UTC
Quote
I am getting it, i'm simply presented a what-if case scenario.   I'm hard pressed to believe that steamboat priced supplies/hosting in $ but demanded payment in BTC, only to convert it back to $.  That would be the most inefficient way to run a business and given Steamboat's reputation I would be shocked if that's how he carried it out.

if you can't see that he's not only making margin on a product he did not deliver AND had this margin appreciate well over 600% in 5 months as highly unethical, you got something special in store for you at some point in your future.

Bitpay does this by default (converting BTC to USD) and I'm fairly certain they don't do both (%BTC and %USD) as that would be a nightmare to facilitate. SB expressed that he needed the USD to pay for multiple parts of the process, so unless he fronted tens of thousands of $USD for the purpose of holding on to BTC, our BTC was converted to $USD at the time of checkout on the assembly site.