I'm not following you.
How in the world is it a bad thing that he is refunding at the $126.61 / BTC rate?
Quote from: sb
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
Quote
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.
Let's say you are due a refund of $126.61. At a rate of $126.61, your refund is 1 BTC. At a rate of 785.53 (the current price on bitstamp) that's 0.16 BTC. It's kind of obvious which one is better here...
I can't wait to get off FIAT. When I pay 1 btc for something and get a refund, I get 1 btc back.