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RE: Important Announcement for minimum bids ($2 min)

in #buildawhale7 years ago

That's ok. I mean I love the service but at the same time 6SBD at that time was worth $66 dollars. When I contacted about it I was just told "no refunds", just "sorry".

so I mean when you tell someone your funds were lost and they know about it, and don't give a shit leaves a bad taste in your mouth. Love buildawhale just weary to use it anymore. Minnows need every SBD they get ;)

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I hear you, and I really don't like it either. But with the bot tracker any refunds come out of our pocket, as it comes from money others have bid. It's not like selling a product that gets returned and we can resell it. Our voting power is used, and it is distributed to other voters. They never even know there was a refund, and bid as if there wasn't.

For example, say we have a 20 SBD profitable window, you bid 5 SBD and I refund it. It means we make 15 SBD. Next window there are no refunds, people will bid near the 20 SBD. So we don't make more or less by keeping anyone's money, but we do lose money with refunds.

There are also a few scammers going around abusing bots that give refunds using multiple accounts.

I am working on testing a new system that will allow us to turn refunds back on, but I need to do more testing before switching over.

I am genuinely sorry, I've given 500+ refunds manually before the bot tracker site came online. Although it does a lot of good, it also introduces unique problems for us.

Respect bro! I have been able to make thousands of dollars from this platform and to be honest if it wasn’t for upvote bots most whales wouldn’t give a shit about me. You gave a very respectable answer. Thanks for your attention; you are a solid guy.