Below is the non-technical explanation provided by MtGox: A bug in the bitcoin software makes it possible for someone to use the Bitcoin network to alter transaction details to make it seem like a sending of bitcoins to a bitcoin wallet did not occur when in fact it did occur. Since the transaction appears as if it has not proceeded correctly, the bitcoins may be resent. MtGox is working with the Bitcoin core development team and others to mitigate this issue."
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The only thing that was resolved today was which company gets to appeal the decision. And I suspect Samsung has a lot of grounds on which to appeal.
Bullshit. $180,000? Dream on.
Here's the thing: Bitcoins are nothing and nothing is worth exactly that.
Bitcoin is a pyramid scheme, plane and simple.
Ok, you made your point. But these former customers have a right to line up and demand a solid answer to their complaints.
This is _exactly_ the same process people need to go through to visit the Schengen countries if they need a visa. Except that for most countries, one actually has to travel to a consulate rather than being able to send the application through mail.
It never occurred to me that selling these could possibly be grounds for a major fine. To me, this is just as bad an idea as region coding on DVD's or disallowing Americans from purchasing pharmaceuticals abroad.
The issue in this case is that there _is_ evidence that the publishers collectively decided to adhere to the same pricing scheme. That is illegal.
And regardless, I hope the publishers get crushed on this one. While I won't go so far as to suggest that they don't serve any useful purpose anymore (as some people do), they _are_ dinosaurs and need to be dragged into 21st century competition. This should do it.
If you meant accounting/finance/bean-counter types, then I see your argument.
A customer who knows they can't return a defective item at Best Buy will simply go shopping somewhere else like Walmart, Target, or Amazon, who have more lenient return policies and/or are just more customer-friendly altogether.
I don't expect this particular decision will hurt too much, but with these kinds of stupid decisions Best Buy will be out of business within 5 years.