Technocashier confirmed they would transfer US dollars to my paypal account within 48 hours. When I first complained (after 60 hours of inactivity on their part) they responded by inviting attention to their terms and conditions which (contrary to their warranty to make the transfer within 48 hours) say that transactions can take up to 5-7 working days.

Numerous messages from me have not been responded to  and there is no telephone support line. You are beginning to get the picture.

Total elapsed time since the time of my order is now 11 days 3 hours and 20 minutes. Even allowing for a 7 working day period (which would be in breach of the 48 hour contract anyway), more than 7 working days have now elapsed.

Accordingly, they would appear to have taken my money with the intention of permanently depriving me of it. This is a reasonably held belief on my part amplified by the absence of a telephone support line and/or the absence of any or any proper responses by them to my messages. On any reasonable view, the maximum possible transaction time limit has been exceeded (anomalously longer than their express confirmation the transaction would be completed within 48 hours).

I urge caution before using Technocashier. Read the web reports about them before using them. At best they may be excruciatingly slow (11 days for a straightforward Paypal payment is disgraceful). At worst, they may do to you what they would appear to have done to me.

Avoid Technocashier.

After some modestly lucrative trading on BTER I wanted to see if I could somehow withdraw US dollars. Sure enough, BTER are linked with EGOPAY.

First off, I had to convert my optimistic retard coins (ORCs) into US dollars on BTER. Then came the BTER dollar withdrawal which seemed to take an eternity and an open ticket to get it moving though BTER seem pretty decent overall.

An hour or two later, after some (earlier) non-trivial fucking around to register with EGOPAY and have the BTER funds deposited there, I discovered I then had to register with another entity (Technocashier) to extract the money to my paypal account.

Technocashier charged me $72 dollars to transfer $960 to my paypal account, which seems on the high side.

But the thing that really pisses me off is that they take 48 hours to make the transfer. WTF. Why in the world do they need 48 hours to move money to Paypal when it is already in cleared funds? They dont. They use slush fund monies for 48 hours like any other bank. They keep you waiting so that they can earn interest for themselves using your money. How very 'centralised banking' of them.

It is notable that the more they stuff you with transfer charges, the less efficient they are. Contrast digital wallets. ALmost instant and extremely low transfer fees.

I still do not know if Technocashier will eventually make the transfer but I shall be sure to let you know if they do not. So far, ruinously slow.

Conclusion: Cryptocurrency is revolutionary but unless we can dispense completely with theoretically otiose middlemen, crypto will only be partially effective.

If Bitcoin is destined for high finance (and litecoin destined for major purchases like cars, fridges and computers), odds are that one or more of the other crytocurrencies will prevail for routine expenditure (groceries, coffee, fuel).

I predict Dogecoin has the potential to become much more than the leading tipping currency. I do not know this as a matter of fact of course, but I reasonably believe it entirely possible that Dogecoin is a major contender within the next 3-5 years for the following reasons:

1. Highly developed community
2. Huge investment potential (you can buy half a million doge for about $150 dollars at the moment)
3. Superb architecture
4. Straightforward wallet security in terms of encryption and wallet locking
5. Massive reputation as a major cryptocurrency

Of course there are other contenders. And of course, there are people with vested interests in other currencies who may react angrily (I admit I hold interests in Dogecoin which may well have affected my objectivity).

But this is my very feeling. Much responses.