I'm not following you.
While we are not responsible for fluctuations in the exchange rate, we have chosen to lock the rate to that of Sept. 11th, the day we announced we would be accepting assembly refund requests, in order to attempt to help ease the BTC losses of our customers. The exchange rate will be $126.61 per BTC, based on the price history of Coinbase.
How in the world is it a bad thing that he is refunding at the $126.61 / BTC rate?
I think I mis-interpreted what was written. I interpreted
As such, the refunds will be processed based on the USD price of the units, and remitted in BTC
as the USD value represented in BTC (basically peanuts.)
I did find it odd the following sentences after about exchange rate. It seems you're right, I hope you're right. Though I find it odd that he held on to the money originally because money was short, and now he's got excess money to give us such a good (and fair) exchange rate? With that exchange rate, we'll very nearly make back the full USD balance we originally spent (so that 35% refund feels more like 100% given the bitcoin multiplier present-day.). Why not just say 100% USD refund in that case? Why complicate it?