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Author Topic: Mt. Gox - Dwolla and the DHS?  (Read 1166 times)
WuLabsWuTecH (OP)
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May 14, 2013, 11:01:05 PM
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Anyone know why the DHS stepped in to freeze Mt. Gox's Dwolla accounts?  There should be a court order that has reasoning in it right?
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Cy Bo Rg
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May 14, 2013, 11:23:00 PM
 #2

Anyone know why the DHS stepped in to freeze Mt. Gox's Dwolla accounts?  There should be a court order that has reasoning in it right?

http://www.businessinsider.com/dwolla-mt-gox-2013-5
bitcointrader55
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May 14, 2013, 11:42:50 PM
 #3

dunno
jamesgarfield
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May 15, 2013, 12:16:48 AM
 #4

Havent hear either.
iokast
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May 15, 2013, 12:26:43 AM
 #5

Always gotta ruin a good thing. You know how it goes.
testor1988
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May 15, 2013, 12:28:34 AM
 #6

Maybe the reason of the latest price fall?
BitCoinzzz
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May 15, 2013, 12:30:22 AM
 #7

i think they did, i think it will be ok there are so many way to exchange bitcoin
aigeezer
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May 15, 2013, 12:31:39 AM
 #8

Anyone know why the DHS stepped in to freeze Mt. Gox's Dwolla accounts?  There should be a court order that has reasoning in it right?

http://www.businessinsider.com/dwolla-mt-gox-2013-5

"Homeland Security's reason for interfering here is unclear" and "Needless to say, Dwolla users will be anxiously awaiting Homeland Security's reasoning for today's actions."

Meanwhile, the price of BTC is in free fall on Gox and there is almost a minute of trading delay. Thanks for nothing, DHS.

Edit: too late to agree with me - it's all changed. Sudden price spike and the lag is down to half a minute. All still DHS-induced, I imagine.
BitCoinzzz
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May 15, 2013, 12:39:16 AM
 #9

last post yay
clowe
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May 15, 2013, 12:45:58 AM
 #10

This would explain the price fall, if the US government wants to severely disrupt bitcoin this is a good way to do it, make it difficult to convert US dollars to bitcoins.   

It won't stop the rest of the world or cash transactions but will certainly make it more difficult to get into bitcoins in the USA.
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May 15, 2013, 01:04:31 AM
 #11

All this does is confirm that I have terrible timing.  I transfered $130 from CampBX to MtGox at 10am this morning.  Oh well, the silver lining is that illegal immigration and domestic terrorism in the US must have been eradicated, since homeland security has time to address Mutum Sigillum handling my money.  Hooray, USA!  Smiley
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May 15, 2013, 01:09:25 AM
 #12

lol cool
solidgod
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May 15, 2013, 01:37:29 AM
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How hard do you think the price is going to tank from this?
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May 15, 2013, 01:44:44 AM
 #14

I wonder if DHS seized assets or just froze them...
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May 15, 2013, 01:56:33 AM
 #15

I'm sticking with coinbase and bitstamp for now.  Hope Dwolla can somehow beat this.
Kazimir
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May 15, 2013, 01:58:24 AM
 #16

This whole DHS thing is a perfect example of why we need Bitcoin.

Freezing people's accounts and blocking transactions at whim. What The F*CK! Why do people put up with a system like that Huh

In theory, there's no difference between theory and practice. In practice, there is.
Insert coin(s): 1KazimirL9MNcnFnoosGrEkmMsbYLxPPob
Flummoxx
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May 15, 2013, 02:22:19 AM
 #17

Haha...my $130 just posted at MtGox.  I guess the government realized they can get their pound of flesh outta my paycheck tomorrow. 
acne
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May 15, 2013, 02:51:39 AM
 #18

MTGOX Sucks Dont Use IT!, Mtgox almost killed BTC completly.
Flummoxx
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May 15, 2013, 02:57:44 AM
 #19

MTGOX Sucks Dont Use IT!, Mtgox almost killed BTC completly.

Ehh...I think bitcoins are bigger than MtGox, and every time they almost "kill" bitcoin, I buy in cheaper.
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May 15, 2013, 03:21:28 AM
 #20

I hope they are going after an actual crime or criminal. Not just using the faulty logic of "bitcoins are known to be used to purchase illegal items and for money laundering, and dwolla, a US company, enables this by allowing the purchase of bitcoins by US citizens." I hope there are some trade agreements in place between the US and Japan to stop this kind of strong arm tactic.
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