China and India have exchange controls. The US doesn't. If you want to do a wire transfer of a few thousand, or a few million if you've got it, out of the US, the US doesn't care. It gets reported to FinCen, but they won't stop you. Nobody reports any problems wire transferring money to Mt. Gox. (The fact that all of Mt. Gox's "banking troubles" are on the outbound side is a strong indication that they're crooked or broke.)

Bitcoin's problems come mostly from the slimeballs associated with Bitcoin businesses. Over half of the Bitcoin exchanges have gone bust, most of the "online wallet" businesses went bust, and they usually kept the customers' money. Anonymous remote irrevocable money transfer is the con man's dream.

Bread mix at $12 a loaf. Right.

That's the problem with pricing in Bitcoin.  Everything has to be way overpriced in case of a big price change.

Also, it's a dead offer. "Buy this before midnight tonight", 27 days ago.

CoinedUp seems to be shutting down. From their site:
The owner, incidentally, appears to be Peter James Sandrene Jr.
In case you have to sue.

A thousand?  More like seven TPS. That's all. The last few times there was a heavy trading day, the block chain backed up.

There are ways to fix this, but the major mining pools have to agree to use them. It's not in the financial interest of the pools to do that. Not with the current transaction fees, anyway. Expect a big rise in transaction fees.

40 Broad St is a building of condos, not a business address. There's an art gallery/event space there, so that's probably where they held the party.

Many companies working with Bitcoin have addresses like that. Especially the ones who lose or steal customer funds. Look back at the history of failed exchanges. Anybody hiding behind an anonymous address cannot be trusted with other people's money.

Previous trouble from this seller: https://bitcointalk.org/index.php?topic=337484.0;all

The company really is registered in the UK.  It was incorporated earlier in December 2013. The address given is a DHL warehouse.

The person behind this company is DEVIN SCHLICHT, from the domain registration. Claims an address in Minden, NV, which is some large warehouse-like building with another company name on it.

Not enough suckers per capita. And a long tradition of fighting back when ripped off.

Will somebody please sue these clowns?

They can be sued in the US, because they're registered with FinCen and have a US address for that. It's in Delaware, which means the Delaware small claims courts ("justice of the peace courts") can be used. Since Mt. Gox has a legal presence in the US, you can also complain to the SEC ("enforcement@sec.gov")

Or you could use a collection agency in Japan. Or complain to the Japan Financial Services Agency. Or the Japan Money Transfer Association. Or the Japan External Trade Organization, which has US offices to help people with little problems like this.

You don't have to put up with this like sheep.

Stealing money from Bitcoin suckers seems to be much more profitable. Especially since many Bitcoin users are doing something shady, and won't go to the cops or courts to get their money back.

It's a zero-sum game. At least half of the participants, by amount invested, will lose.

If you've been in the game for half an hour and you don't know who the patsy is, you're the patsy.

Please report back when/if the goods show up.

More than half way there already. If that was going to induce stability, it would have happened by now.

Hedging has costs. You pay a commission and a spread. If you have to hedge just to cover single-day volatility, the cost will exceed that of credit card processing.

For Bitcoin to make a dent in retail sales or remittances, the same-day volatility has to come way down. There have been about 14 days in the last 60 when the BTC/USD price changed by more than $100 in a day. Bitcoin is stuck as a pure speculation as long as that continues.

Will someone please sue these clowns? It's time to end this farce.

Wire transfers only take hours if you have a good relationship with the institutions involved.

Mt. Gox wire transfers take forever because of Mt. Gox.

Bitcoin needs to be a lot more stable to be used for goods transactions. An absolute minimum is that the price shouldn't change significantly (< 0.5%)  during the minutes it takes to confirm a transaction. Otherwise, even selling incoming Bitcoins as fast as possible, a merchant takes an unacceptably large exchange risk.

Before items (other than no-cost-to-make or huge-markup items) can be priced in Bitcoins, the volatility needs to be low enough that the same price can be used for an entire day. That means volatility under 0.5%/day.

More speculators won't help.

They all either suck, or they haven't been in business long enough to have a reputation for sucking yet.

If you need to sue them, start by suing DomainsByProxy. They are legally the owner of the domain. As soon as they get the court filing, they will fall all over themselves to have the correct identity of the real registrant substituted for their own. This is a standard procedure in litigation involving "private registration".

Big volume spike on Bitstamp around 0330 UTC. That may have caused it.