ben-abuya - you might be new to the world of USD and banking, but it sounds like your article is just another "paypal froze my account cuz they felt like it.
While perhaps new/up & coming for Dwolla, I would have expected this all along b/c they are subject to rules of US fiat...
Nothing really new year, just watching the plan play out as it will.
kjlimo, I didn't write the article. I'm also not new to USD or banking. I'm also not surprised this happened. However, it is newsworthy, in that I've seen few reports of this happening with Dwolla. For that reason, I believe this is of interest to other bitcoiners who are relying on Dwolla for trading bitcoins. |
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Gotcha - I had to wait for "verification" once which was sped up once I called and the "security dept???" looked at my stuff and said I was cool.
Sounds like the article may need a follow up/clarification.
Just to clarify, my account *was* verified before this happened. This is probably the 3rd time within the week that I've gotten an email saying my account was verified. This is a fraud issue. Now an individual user issue.
I'm not sure what you mean by that, but if it's that easy for them to suspend accounts without warning, it's an issue with broad implications for all Bitcoin traders. People should be aware that their accounts can be suspended at any time. In the fast-paced world of BTC prices, this can lead to hundreds or thousands of dollars of damages. |
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Interesting, are you Josh?
Are you able to start a new account, or is this some sort of Dwolla BAN for life?
Yes, I'm Josh. As of a few minutes ago, it appears that my account was unsuspended. I got an automatic email saying my account had been "verified." There was no other explanation. |
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I'm confused what was the problem here...
Is there more between the lines, or are we not allowed to use Dwolla to pay people back?
Or does it depend on what we're paying them back for?
I was told that it would be safest to use the account only for MtGox transfers and not send or receive money to or from anyone else, because they can't tell what those transfers are for. So, if you want to keep your account I'd restrict it to MtGox transfers only. Unfortunately, they didn't warn me that this was the policy ahead of time, so now I can't get my account back. |
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It's getting harder and harder to use fiat money to buy bitcoins: Dwolla has moved beyond closing the accounts of those it can prove are operating unlicensed exchanges and has begun closing the accounts of private individuals based on a mere affiliation.
It’s not just some random Bitcoiner they began with, either. On Wednesday, January 23rd Dwolla suspended the account of StompRomp founder Josh Harvey. Here are the circumstances... http://codinginmysleep.com/dwolla-begins-suspensions/ |
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This is a very new party, they only really started operating a couple of months ago. The background story is that the nascent libertarian movement in Israel just came into existence about two years ago, and has been growing quickly ever since. A few of the bigger activists took over an old marijuana party ("Ale Yarok," or "Green Leaf") and turned it into a pure libertarian party. They'll be running for the coming elections in a few weeks. It's hard to say if they'll get into the parliament, but they've been pretty successful at spreading their message. For instance, their Facebook page has over 40,000 likes and has gone up almost 30,000 likes in just the past month. http://www.facebook.com/AleYarokLiberal?fref=ts |
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 Here's a translation of the relevant part: Zach Harvey: Do you accept Bitcoin? Ale Yarok - Libertarian Party: Zach, of course. You can send them to this address: 1EGb1L1shPq3uQfidLCVCC8DJPoJuJN9xW Their Bitcoin address is:  1EGb1L1shPq3uQfidLCVCC8DJPoJuJN9xW |
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Some photos from the Summit: |
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 Some more updates about the East Coast Bitcoin Summit, which is shaping up to be the biggest Bitcoin event in a long time: BitPay cofounder and CEO, Tony Gallippi will talk about business adoption of Bitcoin, and how the Wordpress deal went down. Members of the BitInstant team will come down from New York to hold a Q&A panel. Over a hundred people including Alan Reiner, author of the Armory Bitcoin client, have already RSVP'd. Come join us, in historic Philadelphia, PA! This event is FREE. http://www.facebook.com/events/293544877431147/ |
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This is fantastic! This might be one of the best ways for Americans to hedge their US dollars and US bank accounts. And it opens up a whole new world of Bitcoin win in Europe.
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The emergence of bitcoin-mining ASICs is part of a computational arms race rooted in the complex cryptographic scheme designed by Bitcoin’s anonymous inventor, known only by the online name Satoshi Nakamoto. Under Nakamoto’s rules, which are what allow the currency to function without control by a central bank, miners run free software that communicates over the Internet to maintain a distributed global log of all Bitcoin transactions. http://www.technologyreview.com/news/508061/custom-chips-could-be-the-shovels-in-a-bitcoin-gold-rush/ |
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One example of a successful offering in the online poker world is Switch Poker which started giving patrons the option of Bitcoin currency about a year ago. The poker room has stepped it up a notch and will be offering a Bitcoin only sector. This move is in response to those players who are devotees of the virtual currency who wanted to be able to leave there accounts in Bitcoin money to play.
Online gaming sites are not the only business converting to the optional currency. Recently the popular WordPress online publishing service announced it would begin accepting Bitcoin as payment for various upgrades. Andy Skelton a spokesperson for WordPress said, “PayPal alone blocks access from over 60 countries and many credit card companies have similar restrictions … “ http://www.online-casinos.com/news/news0211795.aspOverall quite positive. Some strange beliefs about fiat currencies, though: The idea that BItcoins are safer because they are not connected to the gold standard currency world is disputed by some who think that Bitcoin is destined to fail. |
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The first Boston Bitcoin meetup was a huge success! We had about 30 people from the Boston area and New Hampshire, and made some great connections. We're already planning the next stage of projects. We filled up all three tables in the picture, plus the bar to the right, and the standing area in front of the kitchen.  And here's the infamous Bitcoin transaction that was mistaken for a drug deal by the manager and almost had us kicked out for "soliciting". The manager later came up to us and apologized, and we're going to set up a meeting to try to talk him into taking bitcoins at the bar.  |
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Damn you, Julz, beat me by 5 seconds  |
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