Nostr Web Client

Without mentioning any names and amounts I'm trying to see what the consensus is in the btc world here.

Say a company was charging $1000 for a service but was only accepting btc for payments, received the btc equivalent at the time. (Approximately 2 weeks ago)

And say the services offered was a misunderstanding between the two parties of what the customer was to receive. (This is no fault of the company but mainly my fault for not asking more questions before paying the SATs although I did explain before agreeing to use the services where I was in my journey)

The company agreed to refund $250 in SATs but in today's btc value.

Regardless of price go up or down. Should I expect the SATs that I sent that made up the $250 at that time or should I get the SATs that the $250 is today?

I hope I'm explaining properly.

#asknostr

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Discussion

NaturalNerd 1y ago

I would want the amount of sats that I sent. I assume they would not be doing this if the price went down

NaturalNerd 1y ago

I guess if they convert to dollars at the time of sale, I could see why they want to do it like they are. They will take a loss or you will in this situation

Niko 1y ago

If you only accept btc for payment you should also refund btc.

𝙰𝚂𝙲𝙾𝚃 ↯ 1y ago

if it was a #bitcoin ONLY company, then you both must deal in #BTC only.

all other cases are grey area, unfortunately.

now, according to the #BitcoinEthos if they are operating with #integrity, they should deal in #Bitcoin terms with you

the world needs more #BTC ONLY companies; #MONERO , too. #XMR

Expose them and invite them to an open dialogue! It’s for the greater good.

#bitcoineconomy

Saberhagen The Nameless 1y ago

Makes more sense from a business point of view to accept any major crypto and convert it to Bitcoin. You cast a wider net and still benefit from swapping it to Bitcoin if you are a maxi.

𝙰𝚂𝙲𝙾𝚃 ↯ 1y ago

but then again, it’s the type of customers you want to attract ;)

Saberhagen The Nameless 1y ago

Sure, but just owning Bitcoin doesn't necessarily mean you are a Bitcoin maxi anyway. Most are probably not.

𝙰𝚂𝙲𝙾𝚃 ↯ 1y ago

it is NOT just about being a Maxi. It’s all about supporting the chain with the greatest potential that can enable the biggest global impact. A large #Bitcoin economy can be formed a transaction a time. #Bitcoin needs to be more of a medium of exchange than a store of value. This is how the network effects can be maximized and more people can benefit. It’s not about Maximalism, it’s more about Realism.

Niko 1y ago

I'm being generous on the details. This is a lot worse than it sounds. I didn't want to do harm to a newer btc company that supports btc but I feel that I was ripped off and misled. Do I want the SATs back because its quite a bit more or do I ought them so that other unsuspecting bitcoiners just trying to get started don't go the same route.

Bitcoin was created to weed outcorruption but I guess the bad actors still exist. Stay tuned.

𝙰𝚂𝙲𝙾𝚃 ↯ 1y ago

The #Bitcoin #economy does NOT support bad actors!