Re: [OPEN - HOT] KnC N3PTUNE shares 30GH/s = 0.12 BTC = 60$ *NO VAT* *EARLY ORDERS*
I think its strange of KNC to refund more bitcoins than paid. People would hedge against KNC.
This is because while you pay KNC with bitcoin they are using bitpay, they get USD, so the refund is in USD.
There is nothing strange there.
The last chance we have to win something with this operation is asking for a refund to KNC. Getting the miners will be a total failure, we will never recover our investment because of the delay
Might be that they handle it that way. And what would they have done when the bitcoin price did not drop but raise? Pay back less bitcoins than the buyer paid? Im not confident that the law would be on their side then. I mean the buyer paid with bitcoins and doesnt have to care what KNC does with the coins. Regardless of taking bitcoin as a commondity or as a currency. Its an exchange and i dont see that you could pay back less legally when refunding.
Though one should think their lawyers cleared that for them.
I know they are doing so because i know someone who has already requested a refund, that guy paid with BTC (through bitpay) and he got USD when refunded, so i know how are KNC working and that's why i say we must seriously think in a refund.