coga (OP)
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October 31, 2012, 06:16:56 PM |
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So, now they won't let you request DWOLLA withdrawal until they process your previous withdrawal. All would be good, if they were like Intersango, and sent transfer instantly. Except they traditionally take weeks to process withdrawals. So, when they finally take their sweet time "processing" withdrawal, you already have so much cash piled up, that you cannot withdraw it, because you are over the daily limit. I'm not even mentioning all the red flags such a big withdrawal would raise with our banking friends.
I'm getting so tired of perpetual problems with Gox... I cannot recall when was last time I did NOT have problems with them
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GPG key: 6F8E305690A05365B58C50A
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AmDD
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October 31, 2012, 06:25:18 PM |
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Great. Im also pretty sick of dealing with them, I guess its time to start looking elsewhere...
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BTC tip jar: 18EKpbrcXxbpzAZv3T58ccGcVis7W7JR9w LTC tip jar: Lgp8ERykAgx6Q8NdMqpi5vnVoUMD2hYn2a
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MoonShadow
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October 31, 2012, 06:28:32 PM |
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Start offering bitcoins for cash in your city, for example, on Craigslist. I've been trying to buy bitcoins for some time now, as I'm running out. But I've never bought them on an exchange, wouldn't know how to do it, and don't care to involve myself in the whole international banking regulation thing. If you live in my city, I'd be willing to pay cash for them in person if the exchange rate was reasonable.
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"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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nobbynobbynoob
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October 31, 2012, 06:30:25 PM |
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Luckily I've not tried to cash out from Mt Gox yet since I'm not one for selling BTC (except occasionally for speculative purposes, i.e. short selling). But you know there's a danger of the process being more sluggardly than molasses in the Yukon on an exceptionally cold January morning when dealing with fiat transfers, with all the AML-type annoying bureaucracy involved.
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SgtSpike
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October 31, 2012, 06:39:26 PM |
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I actually did a transfer from MtGox to Dwolla recently... it was very quick. An hour after the request, my Dwolla account had money in it. And my bank account the next day.
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nobbynobbynoob
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October 31, 2012, 07:14:36 PM |
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I actually did a transfer from MtGox to Dwolla recently... it was very quick. An hour after the request, my Dwolla account had money in it. And my bank account the next day.
Good to hear this; good to know it's not always that bad.
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thebaron
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October 31, 2012, 07:28:48 PM |
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My experience that if you keep it in small amounts, they transfer quickly.
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MPOE-PR
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October 31, 2012, 09:20:13 PM |
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Luckily I've not tried to cash out from Mt Gox yet since I'm not one for selling BTC (except occasionally for speculative purposes, i.e. short selling).
Selling something you own is never short selling.
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nobbynobbynoob
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October 31, 2012, 10:40:08 PM |
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Luckily I've not tried to cash out from Mt Gox yet since I'm not one for selling BTC (except occasionally for speculative purposes, i.e. short selling).
Selling something you own is never short selling. Good point, short selling involves borrowing extra money. *self-faceslap*
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MagicalTux
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November 01, 2012, 12:25:38 AM |
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So, now they won't let you request DWOLLA withdrawal until they process your previous withdrawal. All would be good, if they were like Intersango, and sent transfer instantly. Except they traditionally take weeks to process withdrawals. So, when they finally take their sweet time "processing" withdrawal, you already have so much cash piled up, that you cannot withdraw it, because you are over the daily limit. I'm not even mentioning all the red flags such a big withdrawal would raise with our banking friends.
I'm getting so tired of perpetual problems with Gox... I cannot recall when was last time I did NOT have problems with them
It takes time because people misunderstand Dwolla and think they can transfer dozens of thousands of dollars that way. Dwolla itself is not made for such large transfers, and the best way we found to block abusers without impacting normal people is to limit the number of pending transfers. If you transfer large amounts of money, you should use international transfers, not Dwolla.
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mc_lovin
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November 01, 2012, 01:22:47 AM |
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or just buy bitcoins with your Mt. Gox USD and withdrawal the BTC! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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coga (OP)
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November 02, 2012, 01:15:16 AM |
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It takes time because people misunderstand Dwolla and think they can transfer dozens of thousands of dollars that way. Dwolla itself is not made for such large transfers, and the best way we found to block abusers without impacting normal people is to limit the number of pending transfers.
If you transfer large amounts of money, you should use international transfers, not Dwolla.
MagicalTux, seriously... You really need to be careful calling your customers abusers. We are the reason you are in business, I think management at MtGox might be forgetting about it
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GPG key: 6F8E305690A05365B58C50A
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BitPay Business Solutions
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November 02, 2012, 07:18:45 PM |
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I have been waiting for a $5,000 withdrawal since Tuesday (4 days now) it has been a "todo" status. This is not a large amount of money and well within the guildelines for Dwolla.
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BitPay : The World Leader in Bitcoin Business Solutions https://bitpay.comDoes your website accept bitcoins?
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thebaron
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November 02, 2012, 07:36:07 PM |
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I love how hey don't document details like this on their website.
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michaelmclees
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November 03, 2012, 01:35:33 PM |
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It takes time because people misunderstand Dwolla and think they can transfer dozens of thousands of dollars that way. Dwolla itself is not made for such large transfers, and the best way we found to block abusers without impacting normal people is to limit the number of pending transfers.
If you transfer large amounts of money, you should use international transfers, not Dwolla.
But this begs the question? Why? If the Dwolla account has 12,000 dollars in it ... why can it not quickly be transferred to another Dwolla user?
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coga (OP)
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November 03, 2012, 04:05:08 PM |
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It takes time because people misunderstand Dwolla and think they can transfer dozens of thousands of dollars that way. Dwolla itself is not made for such large transfers, and the best way we found to block abusers without impacting normal people is to limit the number of pending transfers.
If you transfer large amounts of money, you should use international transfers, not Dwolla.
But this begs the question? Why? If the Dwolla account has 12,000 dollars in it ... why can it not quickly be transferred to another Dwolla user? This actually begs even another question: lets assume for the sake of the argument that Dwolla is for small transfers, okay, makes sense. I used to withdraw USD in smaller chunks. Now it's all or nothing, because chances are I won't be able to pull out more money for another week. How does that help?The truth here is that [most probably] there is a lot more going on behind the scenes, than Tux is telling us. Based on things that happened on my account, people who handle dwolla payments are not the brightest light bulbs. I'm not going to publicize the details, it's sufficient to say that snafus I've seen were monumental. If those snafus were happening on other accounts, they most probably did cost MtGox dearly. Clearly, some people are to be replaced with others, who don't exceed expectations in a screwup department. But blaming customers for your own incompetence? This is very, very disappointing.
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GPG key: 6F8E305690A05365B58C50A
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thebaron
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November 04, 2012, 02:41:49 PM |
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Withdrew just over $100 to Dwolla 8 hours ago and no sign of it. Indefinite wait fun again!
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tarrant_01
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November 04, 2012, 02:50:25 PM |
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In my experience over the past couple of weeks, withdraws take up to 24 hours to process. Much better than the 7+ days to wait.
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1P95gCUCw3Tjb7yyoYtW3ARZZQyTpFgk6H
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coga (OP)
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November 06, 2012, 07:36:49 PM |
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In my experience over the past couple of weeks, withdraws take up to 24 hours to process. Much better than the 7+ days to wait.
Problem is that now, those of us who do business and depend on withdrawing money every day, are now blocked. In the past I was at least able to queue withdrawals, but now once they have a delay, I cannot even queue withdrawal at all. The other side is that you cannot withdraw over $5000 per day. So, if there is a delay, not only you could not queue transfers, but also would not be even able to withdraw everything that piled up. And what's more irritating, is that withdrawals have already been f**ked up, and now instead of fixing the problem, the latest policy compounds the issues even more.
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GPG key: 6F8E305690A05365B58C50A
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thebaron
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November 07, 2012, 01:00:16 AM |
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Been waiting 2 days on my latest. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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