Well I must say I am very disappointed. The cool and swanky LTC t-shirt I ordered and fully paid for has not arrived. I checked the site to see the status:
On the 17th I emailed the owner for a status update as my order has moved nowhere in nearly two weeks. He told me, "Hmmm I'll check from the shop today!" Never got back with me.
The next day, after thinking about the whole affair, I just wanted to cancel my order. Taking a payment from someone and then not fulfilling your end of the bargain is, well, stealing.
I emailed him again and told him just to cancel the order. His response, "no problem, i can take care of it by the end of the business day today for sure".
No apology, no offer to rush the order and save his reputation. Nothing.
So the end of the day passed yesterday and no refund. The status hasn't changed on the site and I'm in the dark. And that makes me angry.
You see running a business isn't easy. When you take an order for something you should fulfill that order as quickly as possible and communicate with your customers what is happening. If you fail or fall short of your customers expectations you humbly and apologetically take responsibility and make it right.
The nonchalant attitude of this vendor causes me to believe there is no business. And if there is, he should stick to flea markets and fairs because doing business on the internet and accepting BTC as payment while BTC is still trying to gain credibility isn't wise. Any guy with a blog can expose you.
Next stop, the BTC and LTC forums. What a shame, truly. I hate doing stuff like this but when you f&*k with my money, I get a little aggravated.
Regarding BTC, Alan Greenspan recently said that "“It’s a bubble,” Greenspan, 87, said today in a Bloomberg Television
interview from Washington. “It has to have intrinsic value. You have to
really stretch your imagination to infer what the intrinsic value of
Bitcoin is. I haven’t been able to do it. Maybe somebody else can.”
Now that is a peculiar stance is it not? Why do I say? Well, it was back in 2010 that Greenspan said that economists can’t see bubbles until they burst. Oh really? So now the dementia ridden Greenspan can see clearly whereas when he was a much younger and capable(?) man he could not.
He also went on to say the following: "Because unless we come to grips with the fundamental issue, which is the
fact that we have promised in the ways of benefits for Medicare and
social security, physically more than we have the assets to deliver
with. The economy can only grow so far. Right now, the claims on the
real economy – forget finance –are getting larger and larger. Social
security, I might add, is money. You can always print money."
So what exactly is it about social security money that has value? More like a Ponzi scheme isn't it? And people have the audacity to say BTC is a Ponzi? Please.
Doesn't that make you feel comfortable? A future obligation that cannot be paid, as he clearly states, is money. What is money? DEBT!! But we don't have the assets to deliver....money? Which is SS? WTF is he talking about?
I wax and wane between frustration and amusement when it comes to people constantly rattling on about Silk Road and the "illicit" uses of crypto currencies like BTC and LTC. Yes it's true that some ne'er do gooders used and use and will use again, BTC for the purchase of illegal items.
But what isn't discussed is how much fiat currency, GOVERNMENT MONEY, is used on a daily basis for the purchase of drugs, guns, stolen goods, prostitution, assassinations, child porn, slavery, yes slavery (of all kinds) and government bribes of congressmen and members of Parliament.
Let's look at this in pictures (less reading, yay!).
"Look there, amongst all that cash, is that a BTC?"
As I continue my quest in the BTC/LTC world here in the freest country on earth, the USSA, I am once again restricted because of my citizenship.
This time it's the BTC-E exchange. They will not accept wire transfers from US citizens. I mean this is getting embarrassing. Here you have college kids trading on exchanges all over the world and my hands are tied because FinCEN feels the need to protect a grown man from his own foibles at the cost of a potential success.
FinCEN, you are officially getting in the way of progress and innovation. You want to protect people from fraud and increase US tax revenues but what you are doing in the mean time is you are turning us into a bunch of sandbox rejects that are the laughing stock of the world.
Congratulations you FU*&ING morons!!! Get out of the way!
My background post BS was recruiting engineers for the automotive industry and then I moved on to finance. I had started investing for the first time during the .com boom and did quite well in very short order, thank you. And just as fast got burned. Being in finance I HAD to learn the markets in order to communicate with my high profile clients. Way leads to way and losses outweighing gains led me to understand how rigged the markets are. That's what led me to silver. That's now my goal, to teach others what I have learned.
All information provided on this blog are the personal opinion of the author. I am not a financial advisor nor do I promote the use of them save a very select few. All individuals are responsible for thier own decisions and I encourage all individuals to make decisions based on their own due diligence pertinent to their needs and comfort level. Knowledge just may be your salvation.