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Author Topic: Dwolla 1 USD giveway, earn ?.?? BTC  (Read 5385 times)
Stephen Gornick
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January 04, 2011, 10:04:14 PM
 #1

Dwolla, a U.S. competitor to PayPal, is running a promo.

Follow their @DwollaX in Twitter http://twitter.com/dwollax and they'll send a DM with a link.
Using that link, register (or login if already a Dwolla user) and they'll fund $1 to your Dwolla account.

Then if you wish, head on over to #bitcoin-otc IRC and I'll buy that $1 DWUSD  at the current Mt. Gox rate. (currently ?.?? BTC).

Only U.S. accounts can sign up on Dwolla, at this time, unfortunately.

Twitter: http://twitter.com/DwollaX
Website: http://www.Dwolla.com

[edit: updated to reflect more current rates.]

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Vinnie
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January 04, 2011, 11:29:23 PM
 #2

OK, I'm working on this. It's been ages since I was last on IRC. Is there a specific network I have to be on to join the channel?

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January 04, 2011, 11:46:39 PM
 #3

OK, I'm working on this. It's been ages since I was last on IRC. Is there a specific network I have to be on to join the channel?

yes, freenode.
see http://bitcoin-otc.com/ for details.

Join #bitcoin-market on freenode for real-time market updates.
Join #bitcoin-otc - an over-the-counter trading market. http://bitcoin-otc.com
OTC web of trust: http://bitcoin-otc.com/trust.php
My trust rating: http://bitcoin-otc.com/viewratingdetail.php?nick=nanotube
Vinnie
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January 05, 2011, 12:29:31 AM
 #4

OK, I'm working on this. It's been ages since I was last on IRC. Is there a specific network I have to be on to join the channel?

yes, freenode.
see http://bitcoin-otc.com/ for details.

Thanks!

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Sawzall
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January 05, 2011, 01:01:37 AM
 #5

Do they seem to be doing any filtering against newly-registered Twitter accounts?
Stephen Gornick
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January 05, 2011, 02:15:35 AM
 #6

My direct message arrived in a matter of minutes, earlier today. They probably don't have it automated so perhaps they only staff during business hours.

The Twitter link that shows me my DMs is: http://twitter.com/#!/messages

The DM read:
  @DwollaX
  I just sent you money through @Dwolla! Click here to claim it - http://dwol.la/twitter/

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January 05, 2011, 03:09:47 AM
 #7

My direct message arrived in a matter of minutes, earlier today. They probably don't have it automated so perhaps they only staff during business hours.

The Twitter link that shows me my DMs is: http://twitter.com/#!/messages

The DM read:
  @DwollaX
  I just sent you money through @Dwolla! Click here to claim it - http://dwol.la/twitter/


Mine is yet to arrive. It does indeed look like someone is manually doing this. I'm patient.

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Stephen Gornick
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January 05, 2011, 04:52:34 PM
 #8

Looks like they are fulfilling the requests: http://twitter.com/dwollax

The amount that was handed out to me was $2.

Ha, ... I want my two dollars!

(for those who don't remember that scene from 1985: http://bit.ly/cESm0v )

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January 05, 2011, 06:39:19 PM
 #9

I just got mine.... $3!!!

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January 05, 2011, 10:51:35 PM
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Transaction complete! Thanks, sgornick!

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January 05, 2011, 11:56:53 PM
 #11

Just traded my $5 dwolla for 17.25 BTC. A+++++ would trade again long time!

Stephen Gornick
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January 08, 2011, 10:40:48 PM
 #12

Added an article for Dwolla on the Bitcoin Wiki.

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January 08, 2011, 11:11:02 PM
 #13

sgornick, are you interested in buying larger amounts of Dwollas, like 100 or more?

"A small body of determined spirits fired by an unquenchable faith in their mission can alter the course of history." --Gandhi
Stephen Gornick
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January 09, 2011, 12:48:32 AM
 #14

Overall I'm accumulating, and only trading these small amounts to help facilitate this promotion.  There are parties interesting in buying Dwollas for BTC found on #bitcoin-otc (IRC channel Ivia web) http://www.bitcoin-otc.com

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January 11, 2011, 01:13:30 PM
 #15

Only US residents Angry you guys are lucky
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February 05, 2011, 09:24:52 AM
 #16

Got my Dwolla yesterday, so this is still going on. Who can argue with free money?

Stephen Gornick
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February 05, 2011, 07:36:30 PM
 #17

Got my Dwolla yesterday, so this is still going on.

Yup, there is an offer on #Bitcoin-OTC for your Dwolla.  http://bitcoin-otc.com

Stephen Gornick
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February 20, 2011, 09:32:05 PM
 #18

Quote
[Dwolla] won’t release its number of users, but it is on pace for $1 million in transactions this month.
http://www.desmoinesregister.com/article/20110220/BUSINESS/102200326/Banks-merchants-argue-over-fee-cap-transactions

Just for reference, Bitcoin is possibly already doing that level of transactions, or more, every week.  (e.g., in the past 24 hours, according to http://BitcoinWatch.com there were 232,669 BTCs transferred in 1,861 transactions.  At current exchange rates that number of BTCs for the day represents nearly $200K USD.  Bitcoin's method of creating "change transactions" makes calculating the true amount of bitcoins transferred difficult to estimate however the day-over-day increases are showing that Bitcoin is truly gaining traction.

The article had some other items of interest:
Quote
"It's a debate on the benefits of electronic payments and who should bear the cost of those," Sorensen said. "Our view is that the retailers benefit greatly from the investments that the banking industry has made to the payment system."

Yes, it would be a shame if something should happen where you could no longer do business without paying the banking industry for each and every transaction.

Quote
"We [retail] are in a very competitive industry," she said. "We're looking for ways to cut prices."

Does anyone have any suggestions as to how merchants might cut their payment network costs?  Grin


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February 20, 2011, 11:05:51 PM
 #19

Would using HotspostShield work for people outside the US or do they do more checks than just geoip?

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

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Stephen Gornick
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February 21, 2011, 11:20:05 PM
 #20

Would using HotspostShield work for people outside the US or do they do more checks than just geoip?

Are you asking if that is why Dwolla limits themselves to just U.S. customers?

The reason they are U.S. only for now is that they do not use credit cards whatsover.  The only way to add and withdraw funds (other than through a transaction with another Dwolla user) is to link a bank account.  At the present time the only bank network Dwolla can use is the ACH network in the U.S.

I've been told that an account on Dwolla can be created with nothing more than a U.S. mailing address (i.e., without needing to link any bank account whatsoever to recieve and send money).  I don't know if they have limits on amounts that can be received or sent without a bank account linked.

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