Thanks, that's essentially what I was about to say. This came out of our users balances so yes they were effected. We're covering them for now but Dwolla is responsible and we are going to get that back from them. Hopefully lawyers won't have to get involved in this. It will draw it out and most likely end up costing everyone involved more money.
Jered
You're playing word games Jered. The only way this comes out of User's balances is if you pass on YOUR loss on to the customers. This is an issue between Dwolla and Tradehill, not Dwolla and TradeHill's customer base. This doesn't have to involve TradeHil's customer base if you don't want it to. The only decision you need to make is if you are going to eat the $37K or pass it on. Quite playing word games. and you're just looking to start a fight where the basis for one doesn't exist. yes they were effected We're covering them for now but Dwolla is responsible and we are going to get that back from them. your 'yes or no' question has been answered with a yes. the decision about eating the dough has been made - and no, nobody would let it stay there: of course they'll go after dwolla if they need to. but do you seriously believe TH is going to go into its user's accounts sometime in 2012, if dwolla doesn't pay up, and extract $50k? grow up. |
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The only thing that matters about Dwolla right now? Is your entire company's selling point bullshit, or not?
this. and one would think - given that Bitcoin probably represents the majority of dwolla's business - that they would have the courtesy to show up here and offer some kind of explanation. but no. i guess it all pretty much explains all the iowa jokes that are so prevalent up here in the great midwest of the US... |
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I am personally experienced with the crap that PayPal pulls. Yeah, for the every-day user, they're fine. But when it comes to merchant services, they're completely terrible. All in all, the least pleasurable experience with any company that I've had, ever. So, I won't participate for or against since PayPal is disused in my life anyway, but I'd recommend being wary of their reputation if you're a merchant.
[emphasis mine] paypal (and ebay) are seemingly dedicated to the idea that the customer is always wrong. they make their money exclusively from sellers (i.e., the receivers of transaction benefits) - and since that is the case, their customers are sellers. and yet they will always side with third parties from whom they don't make a dime (buyers). it's the strangest relationship i've ever seen. i don't understand how it has lasted as long as it has. |
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Any idea what the sales tax ramifications are for this kind of business?
I would consider doing this in California, but I would prefer to stay out of any legal trouble.
This would be an amazing idea in every state with no sales tax!
Five States With No Sales Tax: Oregon, Alaska, Montana, New Hampshire, Delaware Source: http://www.kiplinger.com/tools/retiree_map/index.html?map=2#anchorAccept something other than currency for your bitcoin and you may be able to avoid the sales tax in the other states... ok - maybe i'm just slow, but i don't get this sales tax thing. why would anybody have to pay taxes when exchanging BTC for USD, or the other way around? my understanding has always been that... 1.) sales taxes apply to goods and services. Bitcoin isn't either of those. and, 2.) no sales tax is collected for or by anybody, when conducting a currency exchange transaction. could somebody break down this sales tax thing for me in words of one syllable? kthxbai. |
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No offense, but paypals policies are there for a REASON. They didn't start out being so strict. The policies piled on after people exploited any leeway they could find in the system. I dislike Paypal, but I can't drop them until I have a similar replacement. Furthermore, any replacement will have the same policies because they have to.well, no. Bitcoin is a replacement for paypal, and none of paypal's policies in re chargebacks, fees, account cancellation or anything else, exist (or could even be implemented) in Bitcoin. we'll get there. |
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yes. i read that last night. very interesting: analogous to margaret mead's small group of dedicated people. mead would appear to have grasped the concept intuitively. |
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I believe your were flirting with the "third rail" of business; "never discuss politics".
IMHO businesspeople, while in the business envoronment, should generally not discuss politics or religion. Business is business.
You did the right thing by stepping out of politics.
agreed. everybody makes mistakes - it's what you take away from them that matters. and really - of all the business ventures surrounding Bitcoin, it's clear that TH is always the most concerned with doing whatever is right. my compliments. |
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I don't think Dwolla has an answer yet. I suspect that they're rethinking their whole business model right now.
There's a market for $0.25 transactions. But Dwolla is going to have to figure out how they're going to handle fraud in a way that doesn't drop their profits to zero (which is going to mean making everyone else eat the fraud costs) and they're going to have to communicate that clearly to all parties.
[emphasis mine] yup. but... they're basically competing against the cheapest wire available: 10 bucks/3 days. right? that sure leaves them plenty of room to compete. would anybody mind - especially now, with reality as it is - a $1 USD charge? probably not. still pretty damn cheap, comparatively. but maybe from somebody else. i must say that i'm not terribly impressed with dwolla at the moment. it'd take one helluva campaign on their part to convince me otherwise. |
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escrow can be helpful.
otherwise, be careful. know your merchant.
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 Bill gates just called me and his dwolla has cleared. He's logging on the Mt. Gox right now to buy all the rest of the bitcoins. holy god! what is that pig of a thing that gates is typing on? |
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dwolla is behaving poorly.
i note that - while earlier today their 'contact us' page went to a 404, it now redirects to their home page.
clearly, they're in a very serious damage-control mode.
i can't help but wonder what their contacts with the banking community and the feds have been like. methinks they are a surrogate victim for Bitcoin.
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Link did not work. 8^( Tallahassee Florida USA here. yeah, for some reason it doesn't work the first time. open the page and hit refresh after a few seconds. oughtta work. |
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"ALWAYS FREE! We make our money on the float."
maggots.
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I also like the graphs. Would be nice if blockexplorer looked like that.
! +1 |
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I had thought of just using an image, though there are sellers explicitly accepting bitcoin (1 or 2 if you do a search). I understand that eBay have a policy about virtual goods, but since I'm not selling bitcoin then I can't see how they should care about the nature of the payment. People can send cash in an envelope for instance, which is pretty much equivalent to bitcoin
...then I can't see how they should care about the nature of the payment. never bet on ebay doing what you or i see as perfectly sensible. never bet on ebay doing what is clearly in their own, long-term best interests. ebay has always followed (or perhaps led) the apple model of a walled garden. if there were any feasible way of forcing people to conduct every aspect of their on-line life inside the ebay walls, they would do it. i fully expect the first, organized shots-across-the-bow of Bitcoin to originate somewhere in the ebay/paypal world - not from the banks or from a government. perhaps in the form of massive and unrelenting legal attacks on dwolla, radiating outward to the exchanges. we'll see... |
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if they are only renting it out, then whats to stop me from reverse engineering it and mass producing my own for sale and not rent.
perhaps you're not old enough to remember the black, bakelite land-line phones produced by at&t/bell, and 'leased' in a package with a phone line. did you know that you couldn't actually buy a telephone until some time in the late 1950s or early 60s? |
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i note that the OP contains an apparent error: Rossi claims to have build an energy reactor that gives 10 Kwh and only needs 100 grams of nickel and 150 grams of light hydrogen for 6 months operation.
End user price will be ~$2500 and with a steam to power converter $3500. as was discussed by some greek high mucka-muck in one of the videos, they are planning on leasing/"renting" the device only - not selling it. ...forcing consumers to participate in yet another centralized energy distribution scheme (i.e., gov't-granted power company monopolies, gasoline distribution, etc.), with the goal of making the rich, richer - and the rest of us even poorer. business as usual. "a rising tide lifts all boats." right.  personally, i believe that complete decentralization of energy production and distribution - down to the end-user level - is actually a more important requirement to the continuation of our civilization than decentralization of money. some Bitcoiners may disagree; but i'm pretty sure of that. well hell - bless the chinese and their endless knock-offs, eh? of course, that's assuming this whole thing isn't something which will be dissected for decades as the sine qua non of large-scale scamming. looks like a crappy bet either way. |
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