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Author Topic: Dwolla can no longer process deposits or withdrawals to MtGox  (Read 12845 times)
Arcas
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May 14, 2013, 08:13:29 PM
 #41

This is very bad.

I used Dwolla exclusive for getting money in and out of MtGox. They were great and cheap as others have said before.  

We need a US-based exchange to open up QUICKLY. This is not good news for bitcoins. It's only becoming harder to acquire bitcoins now.
Campbx bro

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1513211890
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Gabi
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May 14, 2013, 08:13:47 PM
 #42

The end is near!!
MAbtc
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May 14, 2013, 08:14:07 PM
 #43

Mutum Sigillum is the name of Mt Gox's Dwolla account.
Really? Then what is this?       http://www.mutumsigillum.com/

IIRC they are Gox's US-based payment processor. Search the forum.
sangaman
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May 14, 2013, 08:16:01 PM
 #44

How annoying. In the short term this is bad news, but looking ahead I think this is just one more reminder why it's better to have bitcoins than USD. The government can't show up out of nowhere and, in the name of "homeland security," randomly block you from sending your bitcoins where you want to send them. Yet they barely have to lift a finger to block where your USD goes.
cypherdoc
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May 14, 2013, 08:17:52 PM
 #45


i've had a long time Dwolla acct and i've not received any email...
SgtSpike
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May 14, 2013, 08:18:40 PM
 #46

Good news is that if you managed to sell on word of this news at 116+ like I did, you'll be able to buy back in some cheap coins soon.

If you haven't sold yet, sell now!

Bitcoins will be on sale, probably just temporarily though.
I could have sold at $118.... if my yubikey was with me.  Sad
Nekrobios
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May 14, 2013, 08:19:11 PM
 #47


i've had a long time Dwolla acct and i've not received any email...
People only got it because they had an outstanding transaction it seems. Do you have one?
cypherdoc
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May 14, 2013, 08:25:37 PM
 #48


i've had a long time Dwolla acct and i've not received any email...
People only got it because they had an outstanding transaction it seems. Do you have one?

not outstanding.
SgtSpike
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May 14, 2013, 08:26:35 PM
 #49

Interestingly, the price is rebounding right back up.  I wasn't expecting that at all.
mgio
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May 14, 2013, 08:27:48 PM
 #50

Looks like it already bounced back up. I bought back in at 113. Oh well, net 6.5 coins is pretty good for no work.

There might be a slow decline as the rest of the bitcoin community learns of the Dwolla news. But I don't have the patience for that.

Seems like there are too many interested in not letting the price drop too much right now anyways.
chsados
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May 14, 2013, 08:28:13 PM
 #51


i've had a long time Dwolla acct and i've not received any email...
People only got it because they had an outstanding transaction it seems. Do you have one?

I think they are also sending out to people who have recently withdrawn/sent money between Dwolla and Gox within the last 24 hours as well.
EuroTrash
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May 14, 2013, 08:31:10 PM
 #52

My guess is that DHS has claimed it's an AML issue because 'errorism.

it's a free country after all, right?  Grin

<=== INSERT SMART SIGNATURE HERE ===>
italeffect
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May 14, 2013, 08:35:42 PM
 #53

Any confirmation that this is actually true? I can't find any yet.

Dash: Xdopotr3eAHpsSCMkUyU2YWP3WQWb5X3t8
dbru77
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May 14, 2013, 08:36:38 PM
 #54

This maybe slightly off-topic but is it really surprising that the DHS may be concerned regarding money flows through bitcoin?

Just watched Zero Dark Thirty the other day where the CIA tracked down an al-quaida suspect because he transferred 5000$ to another al-quaida member's bank account. Not the smartest move obviously.
Reminded me of bitcoin as it's the perfect tool for almost any illegal activity one can think of.  

If I was responsible for tracking down terrorists and tracking down their donators, bitcoin would piss me off big time.

(btw Zero Dark Thirty is a pretty good movie)
 
NamelessOne
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May 14, 2013, 08:39:16 PM
 #55

This maybe slightly off-topic but is it really surprising that the DHS may be concerned regarding money flows through bitcoin?

Just watched Zero Dark Thirty the other day where the CIA tracked down an al-quaida suspect because he transferred 5000$ to another al-quaida member's bank account. Not the smartest move obviously.
Reminded me of bitcoin as it's the perfect tool for almost any illegal activity one can think of.  

If I was responsible for tracking down terrorists and tracking down their donators, bitcoin would piss me off big time.

(btw Zero Dark Thirty is a pretty good movie)
 


I thought it should have won best picture. Argo was great, but ZDT had more gravity.
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May 14, 2013, 08:39:43 PM
 #56

This maybe slightly off-topic but is it really surprising that the DHS may be concerned regarding money flows through bitcoin?

Just watched Zero Dark Thirty the other day where the CIA tracked down an al-quaida suspect because he transferred 5000$ to another al-quaida member's bank account. Not the smartest move obviously.
Reminded me of bitcoin as it's the perfect tool for almost any illegal activity one can think of.  

If I was responsible for tracking down terrorists and tracking down their donators, bitcoin would piss me off big time.

(btw Zero Dark Thirty is a pretty good movie)
 


subreddit /r/bitcointerrorists
subreddit /r/bitcoinforjihad

if we can get everyone to post there we'll be able to track them... Wink

BLOG | PGP | Bitcoin Trading Professionals | Bitfinex Affiliate Code: kwr9f922HS - 10% of trading fees for 30 days | Live Bitfinex Charts
Peter Lambert
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May 14, 2013, 08:42:23 PM
 #57

This is very bad.

I used Dwolla exclusive for getting money in and out of MtGox. They were great and cheap as others have said before.  

We need a US-based exchange to open up QUICKLY. This is not good news for bitcoins. It's only becoming harder to acquire bitcoins now.

Check out campbx.com?

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
KeyserSoze
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May 14, 2013, 08:42:35 PM
 #58

Seems pretty well-timed from gov perspective. We have the "upgrade" tomorrow and the conference in a couple days. Wonder if CampBX got the same treatment?

I used to day trade Bitcoin successfully. Then I took an arrow to the knee.
Miz4r
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May 14, 2013, 08:43:26 PM
 #59

So this explains the sell off that happened just now, I was wondering what was going on. Oh well nothing gained and nothing lost, moving on...

Bitcoin = Gold on steroids
Aseras
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May 14, 2013, 08:44:43 PM
 #60

This is very bad.

I used Dwolla exclusive for getting money in and out of MtGox. They were great and cheap as others have said before.  

We need a US-based exchange to open up QUICKLY. This is not good news for bitcoins. It's only becoming harder to acquire bitcoins now.

use bitpay
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