I've used the Madhatter for plenty of BTC buys - never a problem.

i'm willing to bet that it was a life or death decision for Madhatter.  the way the price was escalating at such a parabolic ramp, i'm sure investors were logically locking prices left and right making a killing off of Madhatter.  what is a fixed rate quote anyway?  its effectively a SHORT against btc.  after all, he's in it to make money; he was willing to fix a price thinking he could buy it cheaper later after the fix (this is the short part) and make money doing so.  the parabolic ramp isn't good for everybody; it kills short sellers.

So he went short and lost money, that means he pays now. A price drop isn't good for everyone either, people who are long get killed.

it is important to take away from these events a lesson that trust is contextual and that the past doesn't predict the future, particularly where individual people are involved.

It sounds as if Madhatter was presented with a difficult choice---go broke honoring his word, or destroy his hard-earned reputation here---and decided on the latter. I'm sure it was a difficult choice for him, and I won't venture to tell him what he should have done. But, having sold his integrity, he shouldn't be shielded from the consequences just because the choice was hard.

Assuming these allegations are true, I won't condemn Madhatter; I simply won't do any business with him.

I had given the whole concept of openID little thought until I got a "Login Fail" error when I tried to login to bitcoin2cash.  After a slightly tedious education I succeeded. It's a little creepy to me, though.

Freemoney already kind of made my point but just that the banksters do something does not mean it's a natural tendency. I don't believe there is a natural tendency to commit fraud. Responsible people don't do that, fraudsters do.

I agree--a lot of this commentary is premature until Madhatter has a chance to respond.  My intent in posting was not to hand out judge, jury, and executioner roles to the forums; but rather to underscore that this is a serious issue that needs to be addressed properly in order for faith in Bitcoin4cash to be restored.  I have a lot of empathy for people who have accidentally gotten themselves into tough situations, but that empathy can only be attained by the practice of complete transparency in the matter.

Are you saying he gave you the higher rate even though you locked way low at $1.44? If so, that would be heroic of him.

I don't think he was necessarily shorting or betting against bitcoin.
Just that with normal fluctuation some fixed rate sales would make him a loss, and others would make him a gain, so they would even out.
This will not work when the prices are only going in one direction.

He says on his site now that he is unable to honor them.
If he refunds your money I don't see a problem.
Retails stores take orders for things they end up not being able to provide all the time, and they just do a refund.

I think some people are just pissed that they wont be getting $2000 worth of BTC for $300.