I really feel for you Dinkytoyz. That is a tough spot to be in. Jered is crossing a lot of people, and some of them might be extremely angry. Words on a forum are one thing, but seriously he needs to watch his back. Not everyone in bitcoinworld is a regular Joe with a nice family. I just can't figure out why he wants to put himself in this position.
Well, I do not think Tradehill and Jered are like the MyBitcoin scam. I think Jered just bit off more than he can chew. I think the problem is the current banking system.
The financial industry is one of the most heavily regulated and a supreme pain in the ass. This opens up a lot of opportunity for an entrepreneur because of the inefficiency. If I were running an exchange I would have tons of different bank accounts setup, with lots of different banks both national and regional, with lots of different New Mexico LLCs to prevent any of these liquidity types of issues. If anything Jered should have had lots of redundancy built into his system where he could plug-n-play many different bank accounts and had lots of bank accounts opened and ready.
But if you think this is a liquidity issue just wait until things like the new FACTA legislation gets put into place. Then come the currency controls. You think you have liquidity problems now, just wait.
Of course, the more then governments get involved the more inefficient the market gets which opens opportunity for entrepreneurs like Jered.
