Quote from: Clobered09 on March 12, 2014, 05:57:35 AM

Quote from: jimmothy on March 12, 2014, 05:34:13 AM

Quote from: Clobered09 on March 12, 2014, 05:22:37 AM

Quote from: jimmothy on March 11, 2014, 09:08:48 PM

As per US law, bitcoins are not legal tender and thus you are breaking the law by accepting them.

Hahaha, and here I thought your response to me on the Havelock thread was a funny as someone could get! Legal tender is an obligation satisfaction concept in the US, it doesn't define the panoply of property you can accept in trade. You can accept anything you wish as satisfaction of an obligation in the US, so long as it is not expressly prohibited to do so (for instance, most countries would prohibit sex, cocaine, or untaxed alcohol as payment, all the fun stuff), and you can refuse anything you want if you haven't yet incurred the obligation (a store clerk doesn't have to take your $100 in pennies in exchange for those 10 bottles of cheap vodka you want, but if you already bought those bottles on credit with the store, they have to take the $100 in pennies as satisfaction of the debt). Is there a website somewhere that supplies people with crazy, childish concepts about the law or something? I don't know where you people get your interpretations.

Not sure what you have against me but I actually do agree with you.

My point was that hashfast argument that all refunds must be in usd is bogus. Either btc is legal tender and they are obligated to refund full payment amount in btc or it is not legal tender in which case they were breaking the supposed law by accepting btc payments in the first place.

Your weird defenses of your claim that Havelock is an have been a registered exchange in Panama are what I was laughing at. I was just going through your posts, I didn't really look at Hashfasts argument. S/he's certainly wrong that refunds MUST be in USD, but it's also not true that they are obligated to refund in btc, or at least not completely true. They have two choices in the US (this actually varies by state, but most have adopted the relevant provisions of the UCC, so it's pretty much the same), they can refund in the medium that was provided (btc), or they can refund the USD equivalent market value of the medium at the time of tender. The time of tender is the time at which the obligee (that's you) is in a position to accept or reject what the obligor has offered in satisfaction. In other words, they either have to give you back the btc, or give you back the USD at current market value. They don't get back-date.

No they are obligated to give full btc refunds because it was specifically stated in the ToS and also confirmed in an email to support staff.