Bitcoin Forum

Economy => Speculation => Topic started by: old_engineer on May 14, 2013, 07:31:19 PM



Title: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: old_engineer on May 14, 2013, 07:31:19 PM
Received a message from Dwolla just now:

"As of 12:13 PM on 5/14/2013:

You’re receiving this notice because our systems have indicated that you’ve processed and completed a real-time Dwolla-to-Dwolla payment to Mutum Sigillum LLC (“Mt. Gox”) within the last 24 hours.

Due to recent court orders received from the Department of Homeland Security and U.S. District Court for the District of Maryland, Dwolla is no longer legally able to service Mutum Sigillum LLC’s account.

This is a courtesy email encouraging you to follow up on any uncompleted orders with Mutum Sigillum LLC as Dwolla is now unable to move money to and from Mutum Sigillum LLC’s Dwolla account.

Dwolla is not party to this matter nor does it have any information or further insight into the situation. We strongly encourages those with questions to contact Mutum Sigillum LLC

Note: Dwolla requires a court order before honoring requests such as seizing funds or revoking access to an account.

On behalf of Dwolla, we apologize for this inconvenience."

This is rather inconvenient for me as I've been using Dwolla-->MtGox for some time now.  It's slow, but it's been working without much effort and with only a $0.25 fee.  How many people actually use this method of getting money into MtGox?


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: N12 on May 14, 2013, 07:32:32 PM
Does Dwolla work for large amounts of money? I would think that international wires are the most important.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: SgtSpike on May 14, 2013, 07:33:05 PM
Well, that's inconvenient.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: samson on May 14, 2013, 07:36:40 PM
Due to recent court orders received from the Department of Homeland Security and U.S. District Court for the District of Maryland, Dwolla is no longer legally able to service Mutum Sigillum LLC’s account.

The Department for Homeland Security send out court orders ?

I'd like to read these, are they a matter of public record on some website or locked away in secret ?


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: MAbtc on May 14, 2013, 07:37:32 PM
Received a message from Dwolla just now:

"As of 12:13 PM on 5/14/2013:

You’re receiving this notice because our systems have indicated that you’ve processed and completed a real-time Dwolla-to-Dwolla payment to Mutum Sigillum LLC (“Mt. Gox”) within the last 24 hours.

Due to recent court orders received from the Department of Homeland Security and U.S. District Court for the District of Maryland, Dwolla is no longer legally able to service Mutum Sigillum LLC’s account.

This is a courtesy email encouraging you to follow up on any uncompleted orders with Mutum Sigillum LLC as Dwolla is now unable to move money to and from Mutum Sigillum LLC’s Dwolla account.

Dwolla is not party to this matter nor does it have any information or further insight into the situation. We strongly encourages those with questions to contact Mutum Sigillum LLC

Note: Dwolla requires a court order before honoring requests such as seizing funds or revoking access to an account.

On behalf of Dwolla, we apologize for this inconvenience."

This is rather inconvenient for me as I've been using Dwolla-->MtGox for some time now.  It's slow, but it's been working without much effort and with only a $0.25 fee.  How many people actually use this method of getting money into MtGox?

Um kind of concerning. This is Gox's US-based payment processor, isn't it? WTF is going on?


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: scarab2378 on May 14, 2013, 07:38:29 PM
This happened to me as well (got the same message).

WHat are our options?


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: ElectricMucus on May 14, 2013, 07:39:09 PM
Let me be the first to say:

SELL SELL SELL! ;D


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: crazy_rabbit on May 14, 2013, 07:39:23 PM
This happened to me as well (got the same message).

WHat are our options?

Regular bank transfers. Which the government probably has a much easier time tracking. :-) To be honest this sounds like more of a way to shut down Dwolla then to shut down MtGox.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: mccorvic on May 14, 2013, 07:39:41 PM
Wait, I'm confused....

People are still using Mt.Gox?


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Babylon on May 14, 2013, 07:40:12 PM
Let me be the first to say:

SELL SELL SELL! ;D

Not if tyou want to get your money out of MTGOX,  To do that you'll have to buy buy buy.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: crazy_rabbit on May 14, 2013, 07:40:22 PM
Wait, I'm confused....

People are still using Mt.Gox?

haha, exactly. All that big money sitting on Gox isn't Dwolla money. It's Bank transfer money.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: mgio on May 14, 2013, 07:40:26 PM
This is very bad.

I used Dwolla exclusive for getting money in and out of MtGox. They were great and cheap as others have said before.  

We need a US-based exchange to open up QUICKLY. This is not good news for bitcoins. It's only becoming harder to acquire bitcoins now.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: ElectricMucus on May 14, 2013, 07:40:51 PM
This happened to me as well (got the same message).

WHat are our options?

SWIFT (BIC/IBAN) transfers


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: SystemDisc on May 14, 2013, 07:41:02 PM
Wait, I'm confused....

People are still using Mt.Gox?

This


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: NamelessOne on May 14, 2013, 07:41:13 PM
So two USA regulating bodies don't know weather bitcoin is a commodity or a currency but they simply want to regulate it, not ban, and another agency, Homeland Security, is trying to shut the whole thing down probably because someone one time mentioned it could fund terrorism.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: mccorvic on May 14, 2013, 07:41:33 PM
Everyone is complaining about how hard it is to get bitcoin, and I'm just sitting here acquiring bitcoin.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: SgtSpike on May 14, 2013, 07:42:40 PM
Wait, I'm confused....

People are still using Mt.Gox?
Who else are you going to use?  Everyone else has lax security or no US-customer options.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: N12 on May 14, 2013, 07:42:54 PM
Wait, I'm confused....

People are still using Mt.Gox?
Right? How can you be so stupid and trade at the most liquid market while all the others are going down due to hacks and legal issues? Hahaha, those stupid people who need to trade large volumes, and dislike losing all of their money. ;D ;D ;D

Here is a paper for you: http://fc13.ifca.ai/proc/1-2.pdf


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: crazy_rabbit on May 14, 2013, 07:42:59 PM
So two USA regulating bodies don't know weather bitcoin is a commodity or a currency but they simply want to regulate it, not ban, and another agency, Homeland Security, is trying to shut the whole thing down probably because someone one time mentioned it could fund terrorism.

Last I checked, Homeland Security kind of is in the habit of abusing it's position. But hey- who knows.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: old_engineer on May 14, 2013, 07:46:22 PM
Does Dwolla work for large amounts of money? I would think that international wires are the most important.
Depends on your definition of "large".  Maximum single transaction size is $5000 by default, but they say they can process up to $99MM transactions.  I'm sure MtGox has received millions through their Dwolla account over the past couple of years, but I really have no idea how much per month is going in or out. 

My guess is that DHS has claimed it's an AML issue because 'errorism.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: ElectricMucus on May 14, 2013, 07:46:35 PM
So two USA regulating bodies don't know weather bitcoin is a commodity or a currency but they simply want to regulate it, not ban, and another agency, Homeland Security, is trying to shut the whole thing down probably because someone one time mentioned it could fund terrorism.

Yeah it's the same mentality that is being 'concerned' with 3D printed guns. Bureaucrats gonna bureaucrat.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: crazy_rabbit on May 14, 2013, 07:47:25 PM
Does Dwolla work for large amounts of money? I would think that international wires are the most important.
Depends on your definition of "large".  Maximum single transaction size is $5000 by default, but they say they can process up to $99MM transactions.  I'm sure MtGox has received millions through their Dwolla account over the past couple of years, but I really have no idea how much per month is going in or out. 

My guess is that DHS has claimed it's an AML issue because 'errorism.

Might be an AML issue. Thats what coinbase was supposed to have taken care of. ooopss!


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: mgio on May 14, 2013, 07:48:24 PM
How much does a bank transfer in and out of mt gox cost typically?

I've only ever used Dwolla.

What about OkPay? Is that a better option? How much does it cost?


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Rygon on May 14, 2013, 07:50:26 PM
This happened to me as well (got the same message).

WHat are our options?

Coinbase for moving small amounts of USD out into US bank accounts?


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: mccorvic on May 14, 2013, 07:50:50 PM
This is such good news.  Hopefully Gox will implode now.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: N12 on May 14, 2013, 07:52:56 PM
This is such good news.  Hopefully Gox will implode now.
And with it, the value of your Bitcoins, since the stream of fiat money will be gone.

Careful what you wish for.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: mccorvic on May 14, 2013, 07:54:10 PM
This is such good news.  Hopefully Gox will implode now.
And with it, the value of your Bitcoins, since the stream of fiat money will be gone.

Careful what you wish for.

Only temporarily.  In the long run it'll be best.  If Gox doesn't implode now, they surely will later at an even worse moment.  This whole thing is most likely due to Gox's own incompetence and failure to act within their own self-interest and to get an effin' clue.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: old_engineer on May 14, 2013, 07:58:13 PM
Does Dwolla work for large amounts of money? I would think that international wires are the most important.
Depends on your definition of "large".  Maximum single transaction size is $5000 by default, but they say they can process up to $99MM transactions.  I'm sure MtGox has received millions through their Dwolla account over the past couple of years, but I really have no idea how much per month is going in or out.  

My guess is that DHS has claimed it's an AML issue because 'errorism.

Might be an AML issue. Thats what coinbase was supposed to have taken care of. ooopss!

Maybe MtGox couldn't legally follow through with the customer transfer because they knew about the DHS issue, but were prohibited from telling CoinbaseCoinlab?  Stranger things have happened in the American legal system.

Hmm, looks like some people are selling - did I break the news that caused a mini-selloff?  Bitcoin has survived all the SEPA withdrawal problems, and it will survive Dwolla cutoff, too.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: BitPirate on May 14, 2013, 08:00:00 PM
Land of the free...


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: RodeoX on May 14, 2013, 08:00:55 PM
The letter does not say what the title of this thread says.  

It says that they will not process payments to a particular user "Mutum Sigillum LLC". Do you know who that is? Can you verify that they are not sending money to the Talibahn?

So much overreaction.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: sturle on May 14, 2013, 08:01:47 PM
Only temporarily.  In the long run it'll be best.  If Gox doesn't implode now, they surely will later at an even worse moment.  This whole thing is most likely due to Gox's own incompetence and failure to act within their own self-interest and to get an effin' clue.
Yeah!  So, let's start listing more competent exchanges.  We can start the list with... Eh..?  You start!

This time it is some bureucrat in a remote fu**ed up country doing his job.  Protect the banks.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: bob777fred on May 14, 2013, 08:02:07 PM
Just talked to a few people at Dwolla, just in case anyone was panicking like myself :)

It is fine to transfer funds out of the account to your bank - my biggest concern was that all this money transferred from Gox to Dwolla would somehow sit in limbo or be required to be sent back, or some crazy shit like that. That is not the case, as long as it's cleared and in your Dwolla balance, it's clear to be sent to the bank. They wouldn't give me any more details (sounds like they don't have a lot of details of why they had to suspend the accepting/sending to/from gox), but just in case anyone was wondering.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: bassclef on May 14, 2013, 08:02:14 PM
Mutum Sigillum is the name of Mt Gox's Dwolla account.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: RodeoX on May 14, 2013, 08:03:34 PM
Mutum Sigillum is the name of Mt Gox's Dwolla account.
Really? Then what is this?       http://www.mutumsigillum.com/


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: mgio on May 14, 2013, 08:04:23 PM
Good news is that if you managed to sell on word of this news at 116+ like I did, you'll be able to buy back in some cheap coins soon.

If you haven't sold yet, sell now!

Bitcoins will be on sale, probably just temporarily though.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: TheJuice on May 14, 2013, 08:06:35 PM
Good news is that if you managed to sell on word of this news at 116+ like I did, you'll be able to buy back in some cheap coins soon.

If you haven't sold yet, sell now!

Bitcoins will be on sale, probably just temporarily though.

Yeah huge sell off now. 40k coins and counting.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: mccorvic on May 14, 2013, 08:07:17 PM
Only temporarily.  In the long run it'll be best.  If Gox doesn't implode now, they surely will later at an even worse moment.  This whole thing is most likely due to Gox's own incompetence and failure to act within their own self-interest and to get an effin' clue.
Yeah!  So, let's start listing more competent exchanges.  We can start the list with... Eh..?  You start!

This time it is some bureucrat in a remote fu**ed up country doing his job.  Protect the banks.

I'd rather go through a short period with no exchanges and let one rise than to keep bouncin' along with the sack of puss that is Gox.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Rygon on May 14, 2013, 08:07:52 PM
This is negative news for the next 24 hours. Price already falling. Bye bye brief time of price stability. :(


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: just1nmc on May 14, 2013, 08:11:28 PM
Oh well, just a small bump. Things like this have to happen to get people out of gox.

Good chance to buy while millions of dollars are being invested in bitcoin businesses, including upcoming exchanges  :)


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: P_Shep on May 14, 2013, 08:11:32 PM
Good news is that if you managed to sell on word of this news at 116+ like I did, you'll be able to buy back in some cheap coins soon.

If you haven't sold yet, sell now!

Bitcoins will be on sale, probably just temporarily though.

Yeah huge sell off now. 40k coins and counting.

https://i.imgur.com/6PRo1ts.jpg


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Arcas on May 14, 2013, 08:13:29 PM
This is very bad.

I used Dwolla exclusive for getting money in and out of MtGox. They were great and cheap as others have said before.  

We need a US-based exchange to open up QUICKLY. This is not good news for bitcoins. It's only becoming harder to acquire bitcoins now.
Campbx bro


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Gabi on May 14, 2013, 08:13:47 PM
The end is near!!


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: MAbtc on May 14, 2013, 08:14:07 PM
Mutum Sigillum is the name of Mt Gox's Dwolla account.
Really? Then what is this?       http://www.mutumsigillum.com/

IIRC they are Gox's US-based payment processor. Search the forum.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: sangaman on May 14, 2013, 08:16:01 PM
How annoying. In the short term this is bad news, but looking ahead I think this is just one more reminder why it's better to have bitcoins than USD. The government can't show up out of nowhere and, in the name of "homeland security," randomly block you from sending your bitcoins where you want to send them. Yet they barely have to lift a finger to block where your USD goes.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: cypherdoc on May 14, 2013, 08:17:52 PM

i've had a long time Dwolla acct and i've not received any email...


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: SgtSpike on May 14, 2013, 08:18:40 PM
Good news is that if you managed to sell on word of this news at 116+ like I did, you'll be able to buy back in some cheap coins soon.

If you haven't sold yet, sell now!

Bitcoins will be on sale, probably just temporarily though.
I could have sold at $118.... if my yubikey was with me.  :(


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: N12 on May 14, 2013, 08:19:11 PM

i've had a long time Dwolla acct and i've not received any email...
People only got it because they had an outstanding transaction it seems. Do you have one?


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: cypherdoc on May 14, 2013, 08:25:37 PM

i've had a long time Dwolla acct and i've not received any email...
People only got it because they had an outstanding transaction it seems. Do you have one?

not outstanding.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: SgtSpike on May 14, 2013, 08:26:35 PM
Interestingly, the price is rebounding right back up.  I wasn't expecting that at all.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: mgio on May 14, 2013, 08:27:48 PM
Looks like it already bounced back up. I bought back in at 113. Oh well, net 6.5 coins is pretty good for no work.

There might be a slow decline as the rest of the bitcoin community learns of the Dwolla news. But I don't have the patience for that.

Seems like there are too many interested in not letting the price drop too much right now anyways.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: chsados on May 14, 2013, 08:28:13 PM

i've had a long time Dwolla acct and i've not received any email...
People only got it because they had an outstanding transaction it seems. Do you have one?

I think they are also sending out to people who have recently withdrawn/sent money between Dwolla and Gox within the last 24 hours as well.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: EuroTrash on May 14, 2013, 08:31:10 PM
My guess is that DHS has claimed it's an AML issue because 'errorism.

it's a free country after all, right?  ;D


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: italeffect on May 14, 2013, 08:35:42 PM
Any confirmation that this is actually true? I can't find any yet.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: dbru77 on May 14, 2013, 08:36:38 PM
This maybe slightly off-topic but is it really surprising that the DHS may be concerned regarding money flows through bitcoin?

Just watched Zero Dark Thirty the other day where the CIA tracked down an al-quaida suspect because he transferred 5000$ to another al-quaida member's bank account. Not the smartest move obviously.
Reminded me of bitcoin as it's the perfect tool for almost any illegal activity one can think of.  

If I was responsible for tracking down terrorists and tracking down their donators, bitcoin would piss me off big time.

(btw Zero Dark Thirty is a pretty good movie)
 


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: NamelessOne on May 14, 2013, 08:39:16 PM
This maybe slightly off-topic but is it really surprising that the DHS may be concerned regarding money flows through bitcoin?

Just watched Zero Dark Thirty the other day where the CIA tracked down an al-quaida suspect because he transferred 5000$ to another al-quaida member's bank account. Not the smartest move obviously.
Reminded me of bitcoin as it's the perfect tool for almost any illegal activity one can think of.  

If I was responsible for tracking down terrorists and tracking down their donators, bitcoin would piss me off big time.

(btw Zero Dark Thirty is a pretty good movie)
 


I thought it should have won best picture. Argo was great, but ZDT had more gravity.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: jordan.dev on May 14, 2013, 08:39:43 PM
This maybe slightly off-topic but is it really surprising that the DHS may be concerned regarding money flows through bitcoin?

Just watched Zero Dark Thirty the other day where the CIA tracked down an al-quaida suspect because he transferred 5000$ to another al-quaida member's bank account. Not the smartest move obviously.
Reminded me of bitcoin as it's the perfect tool for almost any illegal activity one can think of.  

If I was responsible for tracking down terrorists and tracking down their donators, bitcoin would piss me off big time.

(btw Zero Dark Thirty is a pretty good movie)
 


subreddit /r/bitcointerrorists
subreddit /r/bitcoinforjihad

if we can get everyone to post there we'll be able to track them... ;)


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Peter Lambert on May 14, 2013, 08:42:23 PM
This is very bad.

I used Dwolla exclusive for getting money in and out of MtGox. They were great and cheap as others have said before.  

We need a US-based exchange to open up QUICKLY. This is not good news for bitcoins. It's only becoming harder to acquire bitcoins now.

Check out campbx.com?


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: KeyserSoze on May 14, 2013, 08:42:35 PM
Seems pretty well-timed from gov perspective. We have the "upgrade" tomorrow and the conference in a couple days. Wonder if CampBX got the same treatment?


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Miz4r on May 14, 2013, 08:43:26 PM
So this explains the sell off that happened just now, I was wondering what was going on. Oh well nothing gained and nothing lost, moving on...


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Aseras on May 14, 2013, 08:44:43 PM
This is very bad.

I used Dwolla exclusive for getting money in and out of MtGox. They were great and cheap as others have said before.  

We need a US-based exchange to open up QUICKLY. This is not good news for bitcoins. It's only becoming harder to acquire bitcoins now.

use bitpay


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: italeffect on May 14, 2013, 08:47:03 PM
http://betabeat.com/2013/05/department-of-homeland-security-shuts-down-dwolla-payments-to-and-from-mt-gox/


http://nyobetabeat.files.wordpress.com/2013/05/screen-shot-2013-05-14-at-3-40-00-pm.png

looks legit

what a bummer, I used this a lot.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: wildbud on May 14, 2013, 08:47:54 PM
This will be VERY interesting to see if they begin trying to attack bitcoins using the DHS.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: melvster on May 14, 2013, 08:48:45 PM
bad for the US

bad for gox

bad for dwolla

great for the rest of the world

great for bitcoin


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Newscastix on May 14, 2013, 08:49:14 PM
This will be VERY interesting to see if they begin trying to attack bitcoins using the DHS.

They have just begun...


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Peter Lambert on May 14, 2013, 08:51:25 PM
I am actually uncomfortable with the way Dwolla is handling this. Why are they telling anybody who asks that the MtGox account has been frozen by court order? Isn't there some sort of client confidentiality? This seems to be just making MtGox look bad.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: melvster on May 14, 2013, 08:51:59 PM
I am actually uncomfortable with the way Dwolla is handling this. Why are they telling anybody who asks that the MtGox account has been frozen by court order? Isn't there some sort of client confidentiality? This seems to be just making MtGox look bad.

+1


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: CurbsideProphet on May 14, 2013, 08:55:30 PM
I am actually uncomfortable with the way Dwolla is handling this. Why are they telling anybody who asks that the MtGox account has been frozen by court order? Isn't there some sort of client confidentiality? This seems to be just making MtGox look bad.

Because that's part of their TOS.  From the article:

Quote
"Dwolla requires a court order before honoring requests such as seizing funds or revoking access to an account,” he added.

They wouldn't have done it if they didn't receive a court order so either they tell you or you use common sense to put two and two together.  I don't see any breach of confidentiality.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: dbru77 on May 14, 2013, 09:02:27 PM

I thought it should have won best picture. Argo was great, but ZDT had more gravity.

I agree. Both movies are very compelling. ZDT felt almost like a documentary while Argo has more "story-telling" elements.  


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: mccorvic on May 14, 2013, 09:02:34 PM
So, this pretty much puts Dwolla out of business, right?  Why would anyone use Dwolla as anything but a conduit to Gox?


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: wildbud on May 14, 2013, 09:03:42 PM
This will be VERY interesting to see if they begin trying to attack bitcoins using the DHS.

They have just begun...

We don't know the details I will hold my judgement on saying they have begun when we start seeing a trend. They are not attacking bitcoins they are just attacking the relationship between dwolla and mtgox. But I dont think we are far off from seeing them attacking everything crypto currency.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: deltanine on May 14, 2013, 09:04:33 PM
So, this pretty much puts Dwolla out of business, right?  Why would anyone use Dwolla as anything but a conduit to Gox?

Maybe Dwolla as a conduit to CampBX?


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: notme on May 14, 2013, 09:06:04 PM
Does Dwolla work for large amounts of money? I would think that international wires are the most important.
Depends on your definition of "large".  Maximum single transaction size is $5000 by default, but they say they can process up to $99MM transactions.  I'm sure MtGox has received millions through their Dwolla account over the past couple of years, but I really have no idea how much per month is going in or out. 

My guess is that DHS has claimed it's an AML issue because 'errorism.

Might be an AML issue. Thats what coinbase was supposed to have taken care of. ooopss!

Maybe MtGox couldn't legally follow through with the customer transfer because they knew about the DHS issue, but were prohibited from telling Coinbase?  Stranger things have happened in the American legal system.

Hmm, looks like some people are selling - did I break the news that caused a mini-selloff?  Bitcoin has survived all the SEPA withdrawal problems, and it will survive Dwolla cutoff, too.

Coinbase != Coinlab


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: myself on May 14, 2013, 09:13:26 PM
Quote
Update: Here is what Mt. Gox sent us in response to a request for comment:

    Thank you for the email. We can see that the Dwolla transactions are not getting processed right now. We will contact Dwolla and post an announcement regarding this. Your patience is appreciated till then.
http://betabeat.com/2013/05/department-of-homeland-security-shuts-down-dwolla-payments-to-and-from-mt-gox/


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: old_engineer on May 14, 2013, 09:13:56 PM

Maybe MtGox couldn't legally follow through with the customer transfer because they knew about the DHS issue, but were prohibited from telling Coinbase?  Stranger things have happened in the American legal system.

Coinbase != Coinlab
Thanks, updated my post.  Everything is bit-this and coin-that...


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: wildbud on May 14, 2013, 09:14:54 PM
Quote
Update: Here is what Mt. Gox sent us in response to a request for comment:

    Thank you for the email. We can see that the Dwolla transactions are not getting processed right now. We will contact Dwolla and post an announcement regarding this. Your patience is appreciated till then.
http://betabeat.com/2013/05/department-of-homeland-security-shuts-down-dwolla-payments-to-and-from-mt-gox/

So they didn't even get notified and have no plan to deal with the issue. That is not a good sign.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: italeffect on May 14, 2013, 09:18:43 PM
wonder if CampBX <> Dwolla will be/is closed also.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: MAbtc on May 14, 2013, 09:24:56 PM
wonder if CampBX <> Dwolla will be/is closed also.

Doubt it, this is about Gox, not Dwolla IMO.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: dandirk on May 14, 2013, 09:25:54 PM
Quote
Update: Here is what Mt. Gox sent us in response to a request for comment:

    Thank you for the email. We can see that the Dwolla transactions are not getting processed right now. We will contact Dwolla and post an announcement regarding this. Your patience is appreciated till then.
http://betabeat.com/2013/05/department-of-homeland-security-shuts-down-dwolla-payments-to-and-from-mt-gox/

So they didn't even get notified and have no plan to deal with the issue. That is not a good sign.

You never know with the US government... I know IRS agents will call a business and basically act like a scammer sales/creditor... not say who they are (initially), demand information for the heads of a company, offer NO way for the business to confirm (like we are all told to do when getting cold called for sensitive information, ask for contact info confirm via webpage etc then call back).

They will then just show up at your business and practically shut the place down and say the reason for it was that you were not being cooperative when called nicely.



Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: wildbud on May 14, 2013, 09:29:37 PM
Quote
Update: Here is what Mt. Gox sent us in response to a request for comment:

    Thank you for the email. We can see that the Dwolla transactions are not getting processed right now. We will contact Dwolla and post an announcement regarding this. Your patience is appreciated till then.
http://betabeat.com/2013/05/department-of-homeland-security-shuts-down-dwolla-payments-to-and-from-mt-gox/

So they didn't even get notified and have no plan to deal with the issue. That is not a good sign.

You never know with the US government... I know IRS agents will call a business and basically act like a scammer sales/creditor... not say who they are (initially), demand information for the heads of a company, offer NO way for the business to confirm (like we are all told to do when getting cold called for sensitive information, ask for contact info confirm via webpage etc then call back).

They will then just show up at your business and practically shut the place down and say the reason for it was that you were not being cooperative when called nicely.




Yea the IRS has a bad track record with anti-government control groups.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: dexX7 on May 14, 2013, 09:35:23 PM
Quote
Update: Here is what Mt. Gox sent us in response to a request for comment:

    Thank you for the email. We can see that the Dwolla transactions are not getting processed right now. We will contact Dwolla and post an announcement regarding this. Your patience is appreciated till then.
http://betabeat.com/2013/05/department-of-homeland-security-shuts-down-dwolla-payments-to-and-from-mt-gox/

Wow. Sounds like they didn't have any clue that their account got seized.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Frozenlock on May 14, 2013, 09:37:03 PM
Quote
Update: Here is what Mt. Gox sent us in response to a request for comment:

    Thank you for the email. We can see that the Dwolla transactions are not getting processed right now. We will contact Dwolla and post an announcement regarding this. Your patience is appreciated till then.
http://betabeat.com/2013/05/department-of-homeland-security-shuts-down-dwolla-payments-to-and-from-mt-gox/

Wow. Sounds like they didn't have any clue that their account got seized.

Like the lawsuit.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: hubbabubbabaker on May 14, 2013, 09:37:37 PM

I thought it should have won best picture. Argo was great, but ZDT had more gravity.

Ever heard of Joseph Goebbels? No ZDT did not deserve best picture. Neither did Kathryn Bigelow's other mediocre pro-patriotic production.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Ultraviolet on May 14, 2013, 09:38:43 PM
Like the lawsuit.

In fairness to Gox, they didn't know about the lawsuit the day it was filed, which is natural because it doesn't get served the day it's filed, especially from the US to Japan.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: xavier on May 14, 2013, 09:39:17 PM
Wow guys. This is big news.

The start of a US led attack on Bitcoin is beginning.

How ironic that it begins in the USA, land of the free. It seems in this 21st century, USA is no longer land of the free. It's land of the heavily indebted ,  where government sponsored elitist cronies dictate everything in their own interest at the expense of the people at the bottom. I only hope this is not the beginning of increasing online state censorship. The internet is truly the one remaining outlet that can provide total freedom from government interference to the average citizen. Perhaps ,then, in some years US gov't will be shipping that statue of liberty back to Europe.

Land of the free...



Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: licutis on May 14, 2013, 09:40:21 PM
.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: samson on May 14, 2013, 09:42:45 PM
I have dug through the public court records for the District of Maryland and can't find the case. It was likely filed under seal.

I wonder how much money was seized.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: melvster on May 14, 2013, 09:45:29 PM
Wow guys. This is big news.

The start of a US led attack on Bitcoin is beginning.

How ironic that it begins in the USA, land of the free. It seems in this 21st century, USA is no longer land of the free. It's land of the heavily indebted ,  where government sponsored elitist cronies dictate everything in their own interest at the expense of the people at the bottom. I only hope this is not the beginning of increasing online state censorship. The internet is truly the one remaining outlet that can provide total freedom from government interference to the average citizen. Perhaps ,then, in some years US gov't will be shipping that statue of liberty back to Europe.

Land of the free...



Why do you think it's an attack on bitcoin?  It's only an attack on US participation in bitcoin ... ie an attack on itself.

Gambling is banned in the US but thrives in the UK and asia ... bitcoin is global and eventually will be accepted ubiquitously 

Some nations will just be faster to see the benefits than others ... it's not an attack on bitcoin unless every nation does it ... and some will want to be a crypto super power im sure I can think of 1 or 2 ...


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: phorensic on May 14, 2013, 09:55:20 PM
This fuckin sucks.  This was the only way I moved USD into and out of Gox.  What is the status on Paxum and Gox?  I still have a Paxum account when they were briefly an option.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Streets 2.0 on May 14, 2013, 10:00:05 PM
Terrible news for Gox and those using Dwolla for in and out of Gox.

Good bye Gox, get your coins out while you can, I wonder what folks with Fiat left in Gox do?

Is this the start of a new term?  You have just been 'GoXxed'


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: chsados on May 14, 2013, 10:00:23 PM
Confirmed CampBX <> Dwolla still works....for now.

Quote
Is this the start of a new term?  You have just been 'GoXxed'

that term already has had its roots for years now.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: EuroTrash on May 14, 2013, 10:01:40 PM
News out going mainstream.

http://pandodaily.com/2013/05/14/dept-of-homeland-security-freezes-accounts-between-dwolla-and-bitcoin-exchange-mt-gox/


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Streets 2.0 on May 14, 2013, 10:01:50 PM
Confirmed CampBX <> Dwolla still works....for now.

Quote
Is this the start of a new term?  You have just been 'GoXxed'

that term already has had its roots for years now.

I wouldn't doubt if they are next...


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: samson on May 14, 2013, 10:05:51 PM
Confirmed CampBX <> Dwolla still works....for now.

Quote
Is this the start of a new term?  You have just been 'GoXxed'

that term already has had its roots for years now.

I wouldn't doubt if they are next...

A good point. As they are seizing funds I wouldn't risk sending anything to Dwolla at the moment.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: NamelessOne on May 14, 2013, 10:06:26 PM

I thought it should have won best picture. Argo was great, but ZDT had more gravity.

Ever heard of Joseph Goebbels? No ZDT did not deserve best picture. Neither did Kathryn Bigelow's other mediocre pro-patriotic production.

WTH? Bring up Nazi propoganda masterminds? Bigalow is a lone filmmaker, not a national propoganda minister. That hysteria about ZDT's torture was idiotic. I don't like the idea of torture, but unfortunately in real life that is how they got their leads that eventually lead to killing Bin Laden. The filmmakers would have had to alter the story and make it less accurate to real world events just to appease a bunch of whiners. But Avatar and James Cameron should have won the year Hurt Locker and Bigelow won.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: BitChick on May 14, 2013, 10:06:50 PM
Wow guys. This is big news.

The start of a US led attack on Bitcoin is beginning.

How ironic that it begins in the USA, land of the free. It seems in this 21st century, USA is no longer land of the free. It's land of the heavily indebted ,  where government sponsored elitist cronies dictate everything in their own interest at the expense of the people at the bottom. I only hope this is not the beginning of increasing online state censorship. The internet is truly the one remaining outlet that can provide total freedom from government interference to the average citizen. Perhaps ,then, in some years US gov't will be shipping that statue of liberty back to Europe.

Land of the free...



Why do you think it's an attack on bitcoin?  It's only an attack on US participation in bitcoin ... ie an attack on itself.

Gambling is banned in the US but thrives in the UK and asia ... bitcoin is global and eventually will be accepted ubiquitously 

Some nations will just be faster to see the benefits than others ... it's not an attack on bitcoin unless every nation does it ... and some will want to be a crypto super power im sure I can think of 1 or 2 ...

I know that I am not a fan of Homeland Security.  On the last vacation I literally watched them confiscate bottles of Vodka and other beverages from passengers and then pocket them for themselves.  Hmmm.  Great security.  SO thankful that they are helping us. Oh, and I really don't want them patting down my pre-teen daughters at the airport either. This might have a reverse reaction and make more people angry and even more people want to invest in BTC.  I have been saying that I am not necessarily into BTC for ideological reasons but this is pushing me towards that very quickly!  I do not feel "free" here in the US anymore. :(  Our freedoms are being snatched from us daily.  With BTC maybe there is some hope of having some still.  We will see. . .


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: MAbtc on May 14, 2013, 10:12:48 PM
News out going mainstream.

http://pandodaily.com/2013/05/14/dept-of-homeland-security-freezes-accounts-between-dwolla-and-bitcoin-exchange-mt-gox/


Never heard of this. Waiting for someone big to pick it up. Then popcorn time.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: melvster on May 14, 2013, 10:14:35 PM
Wow guys. This is big news.

The start of a US led attack on Bitcoin is beginning.

How ironic that it begins in the USA, land of the free. It seems in this 21st century, USA is no longer land of the free. It's land of the heavily indebted ,  where government sponsored elitist cronies dictate everything in their own interest at the expense of the people at the bottom. I only hope this is not the beginning of increasing online state censorship. The internet is truly the one remaining outlet that can provide total freedom from government interference to the average citizen. Perhaps ,then, in some years US gov't will be shipping that statue of liberty back to Europe.

Land of the free...



Why do you think it's an attack on bitcoin?  It's only an attack on US participation in bitcoin ... ie an attack on itself.

Gambling is banned in the US but thrives in the UK and asia ... bitcoin is global and eventually will be accepted ubiquitously 

Some nations will just be faster to see the benefits than others ... it's not an attack on bitcoin unless every nation does it ... and some will want to be a crypto super power im sure I can think of 1 or 2 ...

I know that I am not a fan of Homeland Security.  On the last vacation I literally watched them confiscate bottles of Vodka and other beverages from passengers and then pocket them for themselves.  Hmmm.  Great security.  SO thankful that they are helping us. Oh, and I really don't want them patting down my pre-teen daughters at the airport either. This might have a reverse reaction and make more people angry and even more people want to invest in BTC.  I have been saying that I am not necessarily into BTC for ideological reasons but this is pushing me towards that very quickly!  I do not feel "free" here in the US anymore. :(  Our freedoms are being snatched from us daily.  With BTC maybe there is some hope of having some still.  We will see. . .

Sure but not everyone is bad ... let's try and understand the case.  Never underestimate people's willingness to do the right thing when given a chance.  If people could just understand the benefits to society or to a nation, of bitcoin without fearing it, we could solve soooo many problems.  Let's try and be good educators even if we dont like some actions ...


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: gizmoh on May 14, 2013, 10:25:51 PM
Department of Homeland Security is about money laundering/terrorism financing/drug trafficking..
Call me alarmist but, once the big players and Vc's read the charges against gox, realizing that the largest btc exchanger which hold all their millions, is now in jeopardy with a US govt agency,i'll let you imagine the continuing slipping of price in the coming days/hours as this bad news is fully digested..


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: TheJuice on May 14, 2013, 10:29:12 PM
Department of Homeland Security is about money laundering/terrorism financing/drug trafficking..
Call me alarmist but, once the big players and Vc's read the charges against gox, realizing that the largest btc exchanger which hold all their millions, is now in jeopardy with a US govt agency,i'll let you imagine the continuing slipping of price in the coming days/hours as this bad news is fully digested..

Another poster brought this up, but we may see a large rally here. All those with fiat in gox should convert to BTC and get them to a safe wallet. This would cause a rise (maybe temporary, but still).


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: sve9mark on May 14, 2013, 10:30:25 PM
Any speculation as to the DHS motion for a court order? Why only Mt Gox and not CampBX?


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: chsados on May 14, 2013, 10:31:12 PM
Department of Homeland Security is about money laundering/terrorism financing/drug trafficking..
Call me alarmist but, once the big players and Vc's read the charges against gox, realizing that the largest btc exchanger which hold all their millions, is now in jeopardy with a US govt agency,i'll let you imagine the continuing slipping of price in the coming days/hours as this bad news is fully digested..

Another poster brought this up, but we may see a large rally here. All those with fiat in gox should convert to BTC and get them to a safe wallet. This would cause a rise (maybe temporary, but still).

Why do you think that?  Maybe the uninformed will do this - but this is only effecting Gox's US based dwolla account.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Crypt_Current on May 14, 2013, 10:34:26 PM
My initial reaction is a very large sinking feeling in my stomach...
reading through thread now ...
 :-[ :-[ :-[


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Dalib on May 14, 2013, 10:39:14 PM
Any speculation as to the DHS motion for a court order? Why only Mt Gox and not CampBX?

Because MtGox trades 60% of the world market.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: SaintFlow on May 14, 2013, 10:43:30 PM
So 14/15 of May will be the day when the USA set themself up for failure again....
Like when they went to Afganistan to destroy their economy.
The day they think they have any real control over bitcoin is when they destroy
the tiny bit that is left of their international credibility.



Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: sve9mark on May 14, 2013, 10:47:02 PM
My initial reaction is a very large sinking feeling in my stomach...
reading through thread now ...
 :-[ :-[ :-[

Is this stabilization we are seeing at the moment people buying BTC before they transfer them out of Gox? DHS seizing GOX accounts would make me run for the hills. I am expecting a plunge any moment.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: sve9mark on May 14, 2013, 10:50:25 PM
Any speculation as to the DHS motion for a court order? Why only Mt Gox and not CampBX?

Because MtGox trades 60% of the world market.

If they were going after the bitcoin market as a whole, they would target every exchange at once. There must be something specific to the court order against Mt Gox, not bitcoin as a whole.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: samson on May 14, 2013, 10:52:03 PM
Department of Homeland Security is about money laundering/terrorism financing/drug trafficking..
Call me alarmist but, once the big players and Vc's read the charges against gox, realizing that the largest btc exchanger which hold all their millions, is now in jeopardy with a US govt agency,i'll let you imagine the continuing slipping of price in the coming days/hours as this bad news is fully digested..

Another poster brought this up, but we may see a large rally here. All those with fiat in gox should convert to BTC and get them to a safe wallet. This would cause a rise (maybe temporary, but still).

LOL, the only thing keeping the price up right now is the swing traders.

Once the swings get too small this could turn very ugly very quickly.

Dwolla isn't used by people who transfer huge amounts of money so it's largely irrelevant. Also anyone can send a wire / SWIFT payment to or from their bank account, it just costs a bit more.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: dandirk on May 14, 2013, 10:53:20 PM
If they were going after the bitcoin market as a whole, they would target every exchange at once. There must be something specific to the court order against Mt Gox, not bitcoin as a whole.

I think you have too much faith in the US Gov... They are slow lumbering beasts with stuff like this.  If it is an attack, then we will probably see a couple of things like this occur in the year not a whole sale crack down.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: KFR on May 14, 2013, 11:01:54 PM
One country investigating one account for one exchange.  That doesn't really sound like the end of the bitworld.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Frozenlock on May 14, 2013, 11:05:05 PM
One country evil empire investigating one account for one exchange.  That doesn't really sound like the end of the bitworld.

FTFY.  ;)


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Crypt_Current on May 14, 2013, 11:05:30 PM
Department of Homeland Security is about money laundering/terrorism financing/drug trafficking..
Call me alarmist but, once the big players and Vc's read the charges against gox, realizing that the largest btc exchanger which hold all their millions, is now in jeopardy with a US govt agency,i'll let you imagine the continuing slipping of price in the coming days/hours as this bad news is fully digested..

Another poster brought this up, but we may see a large rally here. All those with fiat in gox should convert to BTC and get them to a safe wallet. This would cause a rise (maybe temporary, but still).

LOL, the only thing keeping the price up right now is the swing traders.

Once the swings get too small this could turn very ugly very quickly.

Dwolla isn't used by people who transfer huge amounts of money so it's largely irrelevant. Also anyone can send a wire / SWIFT payment to or from their bank account, it just costs a bit more.


"a bit" = 10x more... HUGE difference for the small-time likes of me.
I'm moving my coins over to CampBX; there's a referral link in my sig if you want 10% off there.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: SaintFlow on May 14, 2013, 11:24:21 PM
not that it will happen this time, but i really wish
that gox goes away...


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Crypt_Current on May 14, 2013, 11:27:28 PM
not that it will happen this time, but i really wish
that gox goes away...

I'll be fine with that as long as CampBX (or someone in the US) continues making it easy (i.e. working with Dwolla) to get my fiat out of the exchange.

Maybe we need more Dwolla-type things in the US?


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Qoheleth on May 14, 2013, 11:32:46 PM
Mt. Gox's big advantage, other than liquidity, has been that moving money in and out only costs 25c (rather than the $25 of a bankwire).

Given this development, decentralized exchange between BTC and national currency is becoming more important than ever. I have to rethink my strategy too.

I'll be fine with that as long as CampBX (or someone in the US) continues making it easy (i.e. working with Dwolla) to get my fiat out of the exchange.
CampBX supports Dwolla? That's good to hear, at least.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Kluge on May 14, 2013, 11:33:35 PM
not that it will happen this time, but i really wish
that gox goes away...

I'll be fine with that as long as CampBX (or someone in the US) continues making it easy (i.e. working with Dwolla) to get my fiat out of the exchange.

Maybe we need more Dwolla-type things in the US?
Yeah, we need more Ashton Kutchers in the world.  ::)


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Crypt_Current on May 14, 2013, 11:58:33 PM
Oh yeah, how could I forget?  Anyone looking for receipt of fiat via Dwolla from BTC sales in the US, there's also Tangible Cryptography (fastcash4bitcoins.com), run by forum member DeathAndTaxes.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Crypt_Current on May 15, 2013, 12:00:11 AM
not that it will happen this time, but i really wish
that gox goes away...

I'll be fine with that as long as CampBX (or someone in the US) continues making it easy (i.e. working with Dwolla) to get my fiat out of the exchange.

Maybe we need more Dwolla-type things in the US?
Yeah, we need more Ashton Kutchers in the world.  ::)

Did the actor invent something like Dwolla, like, in the real-life meat-space?
Or is this a reference to the TV show?
If it's a reference, I can only muster a panting laugh, a la Sheldon Cooper.  (swing and a miss)


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Streets 2.0 on May 15, 2013, 12:02:14 AM
Anyone else notice the influx and lag on Bitstamp? lol


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: solidshotnosh on May 15, 2013, 12:14:16 AM
I don't understand the mass sell-off and panic.

You can still use Dwolla -> BitInstant -> MtGox

Or Dwolla -> CampBx

Or BitInstant Cash deposit -> Key -> MtGox

Or Bank Transfer ->MtGox

Or Dwolla ->Okpay -> MtGox

Should I go on?

 O FUG THE GUVMENT TYIN TA SHUT DWN BITCOIN

Guise, srsly, our market cap is what it would probably cost to shut it down. We're such a small piece of the pie I can't see any major body (for the time being) giving a second thought to the power we attribute to bitcoin.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Frozenlock on May 15, 2013, 12:16:00 AM
Your mistake is to overthink this.

If the market say sell, you sell.
Really, the market doesn't care for reality.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: P_Shep on May 15, 2013, 12:17:00 AM
I don't understand the mass sell-off and panic.

You can still use Dwolla -> BitInstant -> MtGox

Or Dwolla -> CampBx

Or BitInstant Cash deposit -> Key -> MtGox

Or Bank Transfer ->MtGox

Or Dwolla ->Okpay -> MtGox

Should I go on?

 O FUG THE GUVMENT TYIN TA SHUT DWN BITCOIN

Guise, srsly, our market cap is what it would probably cost to shut it down. We're such a small piece of the pie I can't see any major body (for the time being) giving a second thought to the power we attribute to bitcoin.



SSSSSHHH!


I wanna buy cheap coins.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: solidshotnosh on May 15, 2013, 12:21:24 AM
I bought at 117, won't sell even if we hit what I expect to eventually be 50

I'm just mad I don't have enough to spare right now to buy some more coins



Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: notme on May 15, 2013, 12:23:31 AM
Your mistake is to overthink this.

If the market say sell, you sell.
Really, the market doesn't care for reality.

It does eventually, but you are correct that it can ignore it for a while.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: wildbud on May 15, 2013, 12:24:05 AM
From Mt. Gox FB:
Statement Regarding Dwolla:

Like many who have contacted us, MtGox has read on the Internet that the United States Department of Homeland Security had a court order and/or warrant issued from the United States District Court in Maryland which it served upon the Dwolla mobile payment service with respect to accounts used for trading with MtGox. We take this information seriously. However, as of this time we have not been provided with a copy of the court order and/or warrant, and do not know its scope and/or the reasons for its issuance. MtGox is investigating and will provide further reports when additional information becomes known.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: pekv2 on May 15, 2013, 12:28:30 AM
Homeland security  :D

Why doesn't the US govt, sum up all their groups together and just call it US Government with all mighty powers.

Homeland sec doing this, police murdering ppl with batons and has been the last 30 years and get away with it, IRS targeting activists, god knows what else, it's fucking retarded, out of hand and control. The new retarded US Government Groups of America. Go choke on a pogostick 'aka corndog' ya bastards.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: solidshotnosh on May 15, 2013, 12:41:58 AM
Homeland security  :D

Why doesn't the US govt, sum up all their groups together and just call it US Government with all mighty powers.

Homeland sec doing this, police murdering ppl with batons and has been the last 30 years and get away with it, IRS targeting activists, god knows what else, it's fucking retarded, out of hand and control. The new retarded US Government Groups of America. Go choke on a pogostick 'aka corndog' ya bastards.


Your 15 year old angst is so moving.

The real world, do you live in it?


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Quantum_Negatum on May 15, 2013, 12:50:34 AM
When a foreign company like Gox goes through the AML process, do they agree to jurisdiction in the States for related matters? If so, and if Gox employees are implicated in something...


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Cluster2k on May 15, 2013, 01:00:30 AM
I can't say I'm surprised by DHS's move.  We all know the Achilles Heel of Bitcoin are the exchanges.  Target them, or their funding sources, and you effectively cripple bitcoin.  Sure, a bitcoin is still worth a bitcoin and no one loses (unless the exchange goes down and takes your cash with it), but without a fast, cheap and convenient way to convert to other currencies the usefulness of bitcoin is greatly diminished.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: URSAY on May 15, 2013, 01:02:06 AM
Need to send funds to Gox?

We can still take care of that for you.  :)

bitinstant.com


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Kluge on May 15, 2013, 01:03:10 AM
not that it will happen this time, but i really wish
that gox goes away...

I'll be fine with that as long as CampBX (or someone in the US) continues making it easy (i.e. working with Dwolla) to get my fiat out of the exchange.

Maybe we need more Dwolla-type things in the US?
Yeah, we need more Ashton Kutchers in the world.  ::)

Did the actor invent something like Dwolla, like, in the real-life meat-space?
Or is this a reference to the TV show?
If it's a reference, I can only muster a panting laugh, a la Sheldon Cooper.  (swing and a miss)
Kutcher was an early investor. http://blogs.desmoinesregister.com/dmr/index.php/2012/04/10/ashton-kutcher-dwolla-investment


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: y2kcamaross on May 15, 2013, 01:04:04 AM
No, I want to my funds off gox without doing a wiretransfer


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: TTBit on May 15, 2013, 01:05:22 AM
This affects dwolla, and dwolla only? Will they target banks to not accept/send wires from/to Gox?


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: samson on May 15, 2013, 01:11:11 AM
This affects dwolla, and dwolla only? Will they target banks to not accept/send wires from/to Gox?

They can't do that without some form of sanction which isn't going to happen.

International trade agreements come into play here.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: TTBit on May 15, 2013, 01:15:30 AM
This affects dwolla, and dwolla only? Will they target banks to not accept/send wires from/to Gox?

They can't do that without some form of sanction which isn't going to happen.

International trade agreements come into play here.

I'm not familiar with all of this, can you elaborate please? The UIEGA thing kept banks from doing business with offshore poker/gambling sites. Why couldn't they just announce the same thing with bitcoin exchanges?


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Babylon on May 15, 2013, 01:15:39 AM
No, I want to my funds off gox without doing a wiretransfer

So turn them into bitcoins.  They're pretty cheap at the moment...


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: meowmeowbrowncow on May 15, 2013, 01:25:31 AM


I liked Dwolla for the ease of shorting to my bank acct via ACH.


Are there any other reasonable options for ACH to banks of small amounts of USD?


This is shitty.



Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: evilscoop on May 15, 2013, 01:33:56 AM
ha ha ha
welcome to the same shit we have to put up with in the uk......

no one raises an eyebrow at the fact that we brits, and many others have issues getting money in and out of exchanges, but when it upsets you yanks its all end of the world, and coin price is gonna crash....

boo hoo....

</rant>

ps its late at night for me and im in a bad mood :D


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: sve9mark on May 15, 2013, 01:45:34 AM
No, I want to my funds off gox without doing a wiretransfer

So turn them into bitcoins.  They're pretty cheap at the moment...
______
Tarot Card Readings for Bitcoins, available via e-mail, phone, skype or IM of your choice.  Inquire for price, quite reasonable.

uhhh..... thanks for the heads up Babylon :P


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Ultraviolet on May 15, 2013, 01:48:36 AM
DHS Confirms Targeting Gox/Dwolla:

http://news.cnet.com/8301-13578_3-57584511-38/homeland-security-cuts-off-dwolla-bitcoin-transfers/


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: deltanine on May 15, 2013, 01:51:00 AM
CampBX reporting problems with Dwolla too, although not stating it's because of DHS.

https://www.facebook.com/CampBX/posts/593750063970782

DHS Confirms Targeting Gox/Dwolla:

http://news.cnet.com/8301-13578_3-57584511-38/homeland-security-cuts-off-dwolla-bitcoin-transfers/

That was last week when Dwolla was down.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Stunna on May 15, 2013, 01:51:08 AM
Never did like Dwolla.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Ultraviolet on May 15, 2013, 01:53:36 AM
CampBX reporting problems with Dwolla too, although not stating it's because of DHS.

https://www.facebook.com/CampBX/posts/593750063970782

DHS Confirms Targeting Gox/Dwolla:

http://news.cnet.com/8301-13578_3-57584511-38/homeland-security-cuts-off-dwolla-bitcoin-transfers/

That was last week when Dwolla was down.

My bad.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: MonadTran on May 15, 2013, 02:04:17 AM
They are trying to destroy what they can't control. What they can't control is where I want to be. Screw it, I'm buying more coins today. Wasn't planning to, but this entire thing just proves how stupid it is to hold on to dollars.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Peter Lambert on May 15, 2013, 02:05:52 AM
I liked Dwolla for the ease of shorting to my bank acct via ACH. Are there any other reasonable options for ACH to banks of small amounts of USD?

As has been mentioned before, if you buy bitcoins you can transfer them to CampBX or Coinbase and then get them sent to your account. CampBX works with Dwolla, Coinbase links directly to your bank account like Dwolla does.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Crypt_Current on May 15, 2013, 02:07:40 AM
I liked Dwolla for the ease of shorting to my bank acct via ACH. Are there any other reasonable options for ACH to banks of small amounts of USD?

As has been mentioned before, if you buy bitcoins you can transfer them to CampBX or Coinbase and then get them sent to your account. CampBX works with Dwolla, Coinbase links directly to your bank account like Dwolla does.

Also:  https://fastcash4bitcoins.com -- run by forum member DeathAndTaxes


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: dave111223 on May 15, 2013, 02:23:52 AM
Anyone been able to dig up a copy of these "court orders"...aren't such things a matter of public record?


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: mmortal03 on May 15, 2013, 02:24:11 AM
Wait, I'm confused....

People are still using Mt.Gox?
Who else are you going to use?  Everyone else has lax security or no US-customer options.

CampBX is in the US. Do they have lax security? They also use Dwolla.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: relm9 on May 15, 2013, 02:29:02 AM
Wait, I'm confused....

People are still using Mt.Gox?
Who else are you going to use?  Everyone else has lax security or no US-customer options.

CampBX is in the US. Do they have lax security? They also use Dwolla.

CampBX is solid, they just don't cope with load that well (site is very sluggish right now). By the way Dwolla transfers on CampBX are working just fine, I withdrawed some $ just now and received it in Dwolla instantly.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: MonadTran on May 15, 2013, 02:32:33 AM
Anyone been able to dig up a copy of these "court orders"...aren't such things a matter of public record?
Only those things the ruling gang don't mind being public are a matter of public record.
Dump dollars, fight oppression. The weaker the dollar, the less power they have.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: kooke on May 15, 2013, 03:00:04 AM
I wonder if more payment processors will have their accounts frozen by the goverments :-\


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: evilscoop on May 15, 2013, 03:21:56 AM
some in europe have already....see tranferwise



Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: BitPirate on May 15, 2013, 03:53:22 AM
They are trying to destroy what they can't control. What they can't control is where I want to be. Screw it, I'm buying more coins today. Wasn't planning to, but this entire thing just proves how stupid it is to hold on to dollars.

Exactly this. They are cracking down on people rightfully receiving US$ they own.

.. And people's reaction is to buy more $$$? I'm speechless.

When this happened in Cyprus (authorities halting fiat movement), the price of BTC went up.

Bitcoin is the solution to these problems... We are witnessing the beginning of the last gasps of authority recklessly trying to hold onto a broken monetary system.

It's time to properly separate the concerns of government and finance.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: johnblaze on May 15, 2013, 03:56:29 AM

CampBX is solid, they just don't cope with load that well (site is very sluggish right now).

lol, isn't another exchange known for this problem as well? maybe some slack should be given to both


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: bitsalame on May 15, 2013, 05:56:22 AM
not that it will happen this time, but i really wish
that gox goes away...

I'll be fine with that as long as CampBX (or someone in the US) continues making it easy (i.e. working with Dwolla) to get my fiat out of the exchange.

Maybe we need more Dwolla-type things in the US?
Yeah, we need more Ashton Kutchers in the world.  ::)

Did the actor invent something like Dwolla, like, in the real-life meat-space?
Or is this a reference to the TV show?
If it's a reference, I can only muster a panting laugh, a la Sheldon Cooper.  (swing and a miss)

The actor is a key investor of Dwolla, and major investor of online ventures such as airbnb, hipmunk and others.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: melvster on May 15, 2013, 08:55:51 AM
Never did like Dwolla.

I did.  Until now.  I dont think they've handled the PR well.



Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Zaih on May 15, 2013, 08:58:40 AM
terrible news... What payment method is next   ???


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: samson on May 15, 2013, 09:48:22 AM
I really want to find out exactly why the entire MtGox account was frozen.

In time I'm sure the reasons behind this decision will be made public and I won't be surprised if it comes down to something as simple as one 'complaint' by someone against Dwolla which led to this massive over reaction affecting thousands of people.

If this is the case then there will be lots of lawyers on the DHS side looking for more reasons to justify their actions after the fact.

The kind of thing I'm talking about here is maybe they found one criminal sending or withdrawing money to / from Bitcoin via Dwolla so they shut the whole MtGox account down.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: BitPirate on May 15, 2013, 09:52:21 AM
It could be anything...

"Because Iran" seems to be a popular reason these days.

It's quite ridiculous. Revolution long overdue.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: caveden on May 15, 2013, 10:05:09 AM
Am I the only one finding it suspicious that such attack on MtGox came soon after CoinLab lawsuit?

Perhaps I'm just being overly paranoid, but Vesseness looks increasingly suspicious to me. He surely has some contacts... VCs, big law firms... He chose Washington D.C. to siege TBF (any place with more lobbyists per m2 in the world?).

Could he have anything to do with this?


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: melvster on May 15, 2013, 10:08:47 AM
Am I the only one finding it suspicious that such attack on MtGox came soon after CoinLab lawsuit?

Perhaps I'm just being overly paranoid, but Vesseness looks increasingly suspicious to me. He surely has some contacts... VCs, big law firms... He chose Washington D.C. to siege TBF (any place with more lobbyists per m2 in the world?).

Could he have anything to do with this?

Good point ... the thing that is really damaging is the timing

We're about to have a conference with great stuff demonstrated

But exactly one month before a whole slew of people have decided to do things very damaging to bitcoin.  At least they could have waited till post conference, in the interests of the community. 

Doesnt matter tho ... bitcoin can only get stronger and stronger.  As they say, all publicity is good publicity!


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: wonkytonky on May 15, 2013, 10:12:45 AM
I bought at 117, won't sell even if we hit what I expect to eventually be 50

I'm just mad I don't have enough to spare right now to buy some more coins



118 bought..   not selling either..   fuck all this fud


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: michaelGedi on May 15, 2013, 10:20:33 AM
I bought at 117, won't sell even if we hit what I expect to eventually be 50

I'm just mad I don't have enough to spare right now to buy some more coins



118 bought..   not selling either..   fuck all this fud


I let it get to me last night, and after a sleepless night I'm hurting today... lost out on all fronts so far.

When to buy back in, now, or wait? hmmm


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: notme on May 15, 2013, 10:23:06 AM
I bought at 117, won't sell even if we hit what I expect to eventually be 50

I'm just mad I don't have enough to spare right now to buy some more coins



118 bought..   not selling either..   fuck all this fud


I let it get to me last night, and after a sleepless night I'm hurting today... lost out on all fronts so far.

When to buy back in, now, or wait? hmmm

Never trade more than 10% at once.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: michaelGedi on May 15, 2013, 10:24:41 AM
I bought at 117, won't sell even if we hit what I expect to eventually be 50

I'm just mad I don't have enough to spare right now to buy some more coins



118 bought..   not selling either..   fuck all this fud


I let it get to me last night, and after a sleepless night I'm hurting today... lost out on all fronts so far.

When to buy back in, now, or wait? hmmm

Never trade more than 10% at once.


yep no matter how strong I try to be, I'm too emotional for trading.


I haven't sold my coins, but I was worried about liquidity so I sold all my ASICMINER shares due to a manual withdrawal process.

Now it's dividend day and I'm trying to decide whether to buy back in at a loss


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: FenixRD on May 15, 2013, 10:25:37 AM
Am I the only one finding it suspicious that such attack on MtGox came soon after CoinLab lawsuit?

Perhaps I'm just being overly paranoid, but Vesseness looks increasingly suspicious to me. He surely has some contacts... VCs, big law firms... He chose Washington D.C. to siege TBF (any place with more lobbyists per m2 in the world?).

Could he have anything to do with this?

Good point ... the thing that is really damaging is the timing

We're about to have a conference with great stuff demonstrated

But exactly one month before a whole slew of people have decided to do things very damaging to bitcoin.  At least they could have waited till post conference, in the interests of the community. 

Doesnt matter tho ... bitcoin can only get stronger and stronger.  As they say, all publicity is good publicity!

From what I am learning surrounding the AP-gate issue, DC is also the most comfortable jurisdiction for "secret" court orders


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: WishIStartedSooner on May 15, 2013, 12:15:29 PM
Need to send funds to Gox?

We can still take care of that for you.  :)

bitinstant.com

Yesterday I paid 141 bucks for what turned out to be 1.1 bit-coin. On average, I pay a markup of ten dollars when I buy a bitcoin with money funded through bitinstant. It would be even more if I had real money to throw at this.

I love your business, it works well and I've used it often. But I sit here seriously contemplating the possibility of mailing money orders to campbx...


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: Gabi on May 15, 2013, 12:25:41 PM
I still wonder why "homeland security" should intervene in seizing a bank account  :-\ This looks like dictatorship


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: pekv2 on May 15, 2013, 02:12:19 PM
I still wonder why "homeland security" should intervene in seizing a bank account  :-\

This is what I am wondering. And posted the way I did.

Homeland security  :D

Why doesn't the US govt, sum up all their groups together and just call it US Government with all mighty powers.


Because the way things are going, any of their groups can do what ever.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: solidshotnosh on May 15, 2013, 04:08:36 PM
They are trying to destroy what they can't control. What they can't control is where I want to be. Screw it, I'm buying more coins today. Wasn't planning to, but this entire thing just proves how stupid it is to hold on to dollars.

Exactly this. They are cracking down on people rightfully receiving US$ they own.

.. And people's reaction is to buy more $$$? I'm speechless.

When this happened in Cyprus (authorities halting fiat movement), the price of BTC went up.

Bitcoin is the solution to these problems... We are witnessing the beginning of the last gasps of authority recklessly trying to hold onto a broken monetary system.

It's time to properly separate the concerns of government and finance.

Do you guys live in a fantasy world?

I see these posts everyday about government or the elite being worried about their currency collapsing.

Newsflash, they don't care.



Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: solidshotnosh on May 15, 2013, 04:10:01 PM
I bought at 117, won't sell even if we hit what I expect to eventually be 50

I'm just mad I don't have enough to spare right now to buy some more coins



118 bought..   not selling either..   fuck all this fud


I let it get to me last night, and after a sleepless night I'm hurting today... lost out on all fronts so far.

When to buy back in, now, or wait? hmmm

Just buy man


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: smoothie on May 15, 2013, 06:58:56 PM
Well I guess it is a good thing I maxed out my monthly allowance of transfers via dwolla.

 :D


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: achillez on May 16, 2013, 02:52:48 AM
shoot I have a bunch of $ in mtgox, what's the best (and cheapest) way to withdraw it now???


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: deltanine on May 16, 2013, 03:16:45 AM
shoot I have a bunch of $ in mtgox, what's the best (and cheapest) way to withdraw it now???

What I did yesterday was buy bitcoins at Mt. Gox with all the USD I had there.  Sent them to my account at CampBX.  Then sold at CampBX when the price got a couple of dollars higher than what I bought for.  So now I have cash on CampBX and I'm trading there now.  Totally dropping Mt Gox.  You could then withdraw the USD to Dwolla.

Right now though the price at CampBX is $6 cheaper than Gox.  I wonder if a lot of people are doing this so the price is depressed at CampBX.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: David Rabahy on May 16, 2013, 03:17:56 AM
shoot I have a bunch of $ in mtgox, what's the best (and cheapest) way to withdraw it now???

1) on Mt. Gox trade to Bitcoin
2) withdraw to your CampBX account
3) on CampBX trade to $
4) withdraw to Dwolla

Although at the moment of the writing of this it will cost you ~$10/Btc.

The trick is to get your Mt. Gox $ to flow (via Dwolla or Okpay or Bank Transfer) to CampBX and arbitrage until the fees make it not worth it.


Title: Re: Dwolla can no longer process deposits or withdrawals to MtGox
Post by: dan99 on May 16, 2013, 03:51:01 PM
they want to control everyone lives .. i wonder where is the The Fifth Amendment? what is the used of it ... ?