Quote from: smoothrunnings on February 28, 2014, 08:28:06 PM

Quote from: joeventura on February 28, 2014, 08:20:26 PM

Quote from: Paladin69 on February 28, 2014, 01:58:10 PM

Been away for a while. I am confused. Why do ppl want a btc refund? Take cash and buy more btc than you had before. Hasn't spot been mostly $800-1000 during most of the Neptune pre-order period?

When BTC turn into cash its a taxable event.

When more than $10k gets transferred into your account in the U.S. it fires off a red flag to the IRS

That is why KNC should refund back in the form it was paid in. But they are doing the opposite so that they can have credit for refunding in fiat. The more they have in BTC and the less they have in fiat the better they are too (less taxable events)

KnC needs to put up a sign... BUY at your OWN RISK! As refunds may not be turned in the same currency your product was purchased in.

on that note is it true that the 3rd batch of knc miners (the ones they are selling now) don't have a refund?

somehow i can't seem to get an answer to this (or it is obviouse someplace and i read over it)

thanks
Searing