Jerred, can you please complete my withdraw via cheque from tradehill, its been in process for 6 days now, there has been no communication with your customer support, they seem to ignore
Good information in all of the previous posts but I want to address this question. All of the pending checks have been sent out. If it doesn't arrive early this week let me know.
We are working through a huge backlog of emails and are nearly caught up. Responses should be much more prompt from here out. Dealing with simultanious unannounced closures of our bank accounts was a massive setback and caused additional problems while we waiting for the funds to be realsed so we could send them to Paxum. Now unfortunately we need to wait to receive funds from Paxum. Fortunately we have far less funds in Paxum than we did in Citi and Chase.
I really don't want to believe there is a conspiracy against Bitcoin. I think it's far more likely that more institutions are becoming aware of it and are either not informed enough or just uncertain. Banks and e-wallets are all making risk based decisions and the Bitcoin economy despite being larger than I had ever hoped for is still small potatoes compared to the volumes they deal with. That said if they perceive it to be a risk at all with it only bringing in a small amount of revenue they'll kill it in a heartbeat.
To put it in perspective Citi has around 1.6 Trillion in assets (don't hold me to that number) so even if Bitcoin moves a few million a month through them it's not even a drop in the Bucket at this point. This further illustrates why I'd suggest you use a credit union instead of a large bank. They really just don't care about any single individual or company nor do they need to.