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Bitcoin => Bitcoin Discussion => Topic started by: rplg on November 10, 2011, 04:45:04 PM



Title: Dwolla to invest heavily in BTC - true or false?
Post by: rplg on November 10, 2011, 04:45:04 PM
I read some rumors on how Dwolla is about to invest heavily in bitcoin. Something about the CEO Ben Milne being overly impressed by bitcoin.

True or false?


Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: Serge on November 10, 2011, 04:51:43 PM
Didn't he compare Bitcoins to bananas or something similar not so long ago?


Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: avoid3d on November 10, 2011, 04:54:40 PM
How does it help him make money, is the question


Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: the founder on November 10, 2011, 05:14:45 PM
How does it help him make money, is the question

until June most of the revenue going to Dwolla was due to buying and selling bitcoins.



Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: chickenado on November 10, 2011, 05:20:46 PM
How does it help him make money, is the question

Dwolla is more of a transaction mediator than a bank.


Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: epetroel on November 10, 2011, 05:22:19 PM
Got an e-mail today from Dwolla about "big changes coming".  References their blog post here:

http://blog.dwolla.com/on-december-15th-dwolla-will-change-as-we-know-it/

They don't give any details, but this "hint" referencing a "network" might give this rumor some credence

Quote
Dwolla is not a feature, it’s a network… And on Dec 15th… Nothing will be more obvious.

Wild speculation of course, but I guess we'll find out in a month or so.


Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: damnek on November 10, 2011, 05:27:30 PM
DwollaCoin?


Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: Serge on November 10, 2011, 06:28:13 PM
highly doubt it will be anything Bitcoin related


Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: Yankee (BitInstant) on November 10, 2011, 07:28:15 PM
How does it help him make money, is the question

until June most of the revenue going to Dwolla was due to buying and selling bitcoins.



It still is.


Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: ElectricMucus on November 10, 2011, 07:53:16 PM
How does it help him make money, is the question

until June most of the revenue going to Dwolla was due to buying and selling bitcoins.



It still is.

No.

I mean, maybe, just quote a reference.


Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: bitstarter on November 10, 2011, 08:19:27 PM
Dwolla has no choice but to embrace bitcoin and now with okpay making its move  more so then ever - its a race to who gets bitcoins approval right now ...


Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: Yankee (BitInstant) on November 10, 2011, 08:48:17 PM
Dwolla has no choice but to embrace bitcoin and now with okpay making its move  more so then ever - its a race to who gets bitcoins approval right now ...

Thats what I was thinking to.

Spending alot of my money and resources trying to appeal to banks an/or buying a credit union. Its much easier if an established company like Dwolla which currently partners with out of state Credit Unions* allow bitcoin.

Source: http://www.cutimes.com/2011/11/09/dwolla-plants-first-flag-outside-iowa


Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: evoorhees on November 10, 2011, 08:53:54 PM
Dwolla has no choice but to embrace bitcoin and now with okpay making its move  more so then ever - its a race to who gets bitcoins approval right now ...

+1 And this theme will become visible elsewhere. It takes a long time for the first movers to integrate Bitcoin, but after it happens, competitive pressure requires that others integrate as well. Seeing that it's workable is a strong incentive for secondary adopters.

Just wait until the first high-profile adult or gambling site accepts Bitcoin and see how quickly the others do...


Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: jimbobway on November 10, 2011, 09:22:49 PM
I posted these comments on their page and they were immediately deleted after 45 min.  Here is my post:

Quote
Are you going to use bitcoin? It just makes sense and is more cost effective. Bitcoin network is already there. Transaction cost is almost zero.

Bitcoin is worldwide. If you used bitcoin your network would expand globally. Anything less than this on the 15th then I would be disappointed.

Why did Dwolla delete my post?



Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: mrdavis on November 10, 2011, 09:26:02 PM
Quote
Why did Dwolla delete my post?

Clearly, you blew the secret for them and they want to save it as a surprise.

or

Clearly, they hate bitcoin and don't even want it discussed.


Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: BTCurious on November 10, 2011, 09:42:23 PM
Quote
Why did Dwolla delete my post?

Clearly, you blew the secret for them and they want to save it as a surprise.

or

Clearly, they hate bitcoin and don't even want it discussed.
Or: They're making some custom global network, shaped after bitcoin, and you mentioning bitcoin already doing exactly what they want to implement will cost them customers.


Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: jimbobway on November 10, 2011, 09:42:49 PM
Quote
Why did Dwolla delete my post?

Clearly, you blew the secret for them and they want to save it as a surprise.

or

Clearly, they hate bitcoin and don't even want it discussed.

My post re-appeared.  Maybe it's a FB glitch.  False alarm?


Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: molecular on November 10, 2011, 09:50:32 PM
How does it help him make money, is the question

Dwolla is more of a transaction mediator than a bank.

There you have it: offer fast transactions (green addresses and stuff) and wallet service?


Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: BTCurious on November 10, 2011, 09:51:17 PM
Or they're keeping an eye on this forum, saw that you took them deleting the post as a confirmation that they were going to use bitcoin, and re-instated it to confuse you.



I need a tinfoil hat.


Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: jimbobway on November 10, 2011, 10:24:49 PM
Or they're keeping an eye on this forum, saw that you took them deleting the post as a confirmation that they were going to use bitcoin, and re-instated it to confuse you.



I need a tinfoil hat.

Dammit, the comment is gone again...will check again tmr.  Maybe they did delete it, maybe they didn't.  Some caching issue with FB.


Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: BTCurious on November 10, 2011, 10:31:46 PM
I don't see any comments on their FB post about 15 December…


Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: geek-trader on November 10, 2011, 10:32:25 PM
Dwolla has a history of deleting bitcoin related posts.  They seem to want to keep a distance between themselves and bitcoin, even tho without BTC Dwolla would not exist.


Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: ribuck on November 10, 2011, 10:54:27 PM
Dwolla doing their own block chain, with easy exchange to/from fiat? It would be entertaining to watch that unfold.


Title: Re: Dwolla to invest heavily in BTC - true or false?
Post by: Fluttershy on November 10, 2011, 10:56:04 PM
Didn't he compare Bitcoins to bananas or something similar not so long ago?
So would George W. Bush invest in bitcoins then?