Whatever, man - you're the one who brought it up, and when I made a counterpoint with a logic-based view, instead of engaging in anything resembling rational debate, you just threw a fit, took your marbles, and went home.

Related to topic: Still no ACH from Bitfloor pending at my bank. (Usually I see a "pending" transaction for ACH deposits, even when they're not actually going to settle the same day.) My bank processes ACH on Saturdays, so we'll see tomorrow if it shows up.

freedom of speech only applies to the government. any private person can restrict you from saying anything on a forum they own.

A bit silly? Yeah, perhaps. Suppression of free speech rights? Nope.

Got it. Unwilling/unable to defend your position. Good to know.

Wow. That got unnecessarily confrontational really fast. Did you want to discuss the points I made, or are you just going to leave your ad hominem sitting there without picking it up?

Now, to address the topic: Still waiting for ACH transfer. Bitfloor now shows my USD withdrawl request as completed ($0 available, $0 on hold) but it hasn't shown up in my pending banking transactions.

it would help liquidity, though... and that's pretty important for API traders (well, bot traders, anyway, but I assume most API traders are using automated trading scripts). Without new blood coming in buying or selling, the market will evaporate slowly to the exchange fees.

From the looks of it, I believe they're aiming for the API traders. Looks fine to me, as I'm an API trader myself, and I'm moving cash to them next week to try them out as well... but you're right, without browser based trades being easier, they're going to very severely restrict their client base - it's just not browser-friendly.

No, not really. At least, not in the way you think they are. I think they're amused and paying attention, but they're in no way threatened by BTC. It's not like BTC is competition to a bank at all until the idea that ALL currencies might some day be replaced by crypto-currencies - but even then, it's going to require some level of trust for depositors, since the idea of maintaining private keys and the relative inconvenience of BTC compared to the current USD system is confusing at best to the average consumer, who better to trust than your bank to handle the complexity of your bitcoins in the future?

Banks make money by lending cash against deposits. They don't care if deposits are in USD, seashells, grains of salt, or blind hookers, as long as they can lend out more than they take in (I think I might be the first person to come up with the idea of timesharing out blind hookers as a unit of currency...). They take deposits, lend it back out several times over, and pocket the interest. BTC is not a replacement for banking, it's just another vehicle to store value - and banks are really, really, really good at multiplying stored value.

Put it into another perspective: the entire market value of BTC as expressed in USD is about $1 billion right now. That's a large number, sure - but the number of deposits just insured by the US FDIC (not to mention other global bank systems) is $9,200 billion. And the amount of cash loaned back out on that is staggeringly higher. As in hundreds of trillions of dollars globally. BTC is a VERY small player in the "value storage and lending" business, and it's in no way a threat to the business models of traditional banks. (I haven't done a thorough analysis on investment banking, but I'm quite confident that adding another currency to the FOREX mix isn't going to revolutionize the global economy... it'll just make another payment method available, which will increase the number of transactions, which will increase arbitrage opportunities, and they make even more money.)

In time, banks will be looking at BTC as a potential source of revenue, not as something that needs to be quashed. It's a fallacy to believe that since the stated purpose of BTC is to be decentralized, that centralized entities will be unable to use it to their advantage. They're smarter than you think.

my verification took mere hours, submitted last night... I think they are taking these verification requests as a very high priority

well, I'm feeling better about this now - they verified my ACH withdrawal method within hours, and my cash withdrawal request is now "pending". Looks like they are, indeed, taking care of cash deposits as best they can. Still skeptical, but I'm no longer writing it off as a total loss. We'll see in a few days if it shows up at the bank.

I just hope they took no profits in cash so it's not a "first come first served" situation for withdrawals.

Well, the context being that they knew this was happening in advance, and made no effort to stop me from making a deposit anyway, and I wasn't notified anywhere else either. So, yeah, they're bastards for that. As a credit to them now, the deposit page is not linked any more from the site menu, although the page still exists and old links to the page will still allow you to generate a deposit amount as if nothing were wrong... but all that could have been done much earlier in the day.

Assuming what they say is true, then I do feel bad that their baby is being killed in front of their eyes, but that doesn't mean I can't be upset that my money is in limbo. I do feel *slightly* better that there's a promised path for return of my deposit, (have to get ACH "verified" first) but I'll believe it when I see it.

Everything else you said about the vast global conspiracy nonsense is non-sequitur.

well, that would have been nice to know a few hours ago - you know, immediately BEFORE I just sent in a new deposit.

Looks like I'll be funding the takedown.

Bastards.  How hard would it have been to disable deposits? I mean, really?

Actually, that was #4, which makes this #5. Hooray for that, I suppose. 

random crap seems to be the winning combination (this is #3 for me, for instance.)

I was aware of Bitcoin when it was in the first few months of real-life mining. I started mining, decided it may never be worth my time (then work got in the way) and I forgot about it. I'm pretty sure I had a few hundred BTC in some wallet on a computer that's long gone by now. Never kept it up, and never made a backup of that wallet.

Oops.

when deciding on the legitimacy of some project, the interface is the very last thing to consider.

First, consider the project's stated goals. Second, consider the reputation of the developers. Third, consider the ability of the developers to adequately handle criticisms of the project and to be able to refute problems as raised by the community. Somewhere way, way, way down the line is the interface.

this.

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