Dwolla can no longer process deposits or withdrawals to MtGox - page 4.

Kluge

donator

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Quote from: Crypt_Current on May 14, 2013, 06:27:28 PM

Quote from: SaintFlow on May 14, 2013, 06:24:21 PM

not that it will happen this time, but i really wish
that gox goes away...

I'll be fine with that as long as CampBX (or someone in the US) continues making it easy (i.e. working with Dwolla) to get my fiat out of the exchange.

Maybe we need more Dwolla-type things in the US?

Yeah, we need more Ashton Kutchers in the world. Roll Eyes

Qoheleth

legendary

Activity: 960

Merit: 1028

Spurn wild goose chases. Seek that which endures.

Mt. Gox's big advantage, other than liquidity, has been that moving money in and out only costs 25c (rather than the $25 of a bankwire).

Given this development, decentralized exchange between BTC and national currency is becoming more important than ever. I have to rethink my strategy too.

Quote from: Crypt_Current on May 14, 2013, 06:27:28 PM

I'll be fine with that as long as CampBX (or someone in the US) continues making it easy (i.e. working with Dwolla) to get my fiat out of the exchange.

CampBX supports Dwolla? That's good to hear, at least.

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

Quote from: SaintFlow on May 14, 2013, 06:24:21 PM

not that it will happen this time, but i really wish
that gox goes away...

I'll be fine with that as long as CampBX (or someone in the US) continues making it easy (i.e. working with Dwolla) to get my fiat out of the exchange.

Maybe we need more Dwolla-type things in the US?

SaintFlow

sr. member

Activity: 476

Merit: 250

The first is by definition not flawed.

not that it will happen this time, but i really wish
that gox goes away...

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

Quote from: samson on May 14, 2013, 05:52:03 PM

Quote from: TheJuice on May 14, 2013, 05:29:12 PM

Quote from: gizmoh on May 14, 2013, 05:25:51 PM

Department of Homeland Security is about money laundering/terrorism financing/drug trafficking..
Call me alarmist but, once the big players and Vc's read the charges against gox, realizing that the largest btc exchanger which hold all their millions, is now in jeopardy with a US govt agency,i'll let you imagine the continuing slipping of price in the coming days/hours as this bad news is fully digested..

Another poster brought this up, but we may see a large rally here. All those with fiat in gox should convert to BTC and get them to a safe wallet. This would cause a rise (maybe temporary, but still).

LOL, the only thing keeping the price up right now is the swing traders.

Once the swings get too small this could turn very ugly very quickly.

Dwolla isn't used by people who transfer huge amounts of money so it's largely irrelevant. Also anyone can send a wire / SWIFT payment to or from their bank account, it just costs a bit more.

"a bit" = 10x more... HUGE difference for the small-time likes of me.
I'm moving my coins over to CampBX; there's a referral link in my sig if you want 10% off there.

Frozenlock

sr. member

Activity: 434

Merit: 250

Quote from: KFR on May 14, 2013, 06:01:54 PM

One ~~country~~ evil empire investigating one account for one exchange. That doesn't really sound like the end of the bitworld.

FTFY.

KFR

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Per ardua ad luna

One country investigating one account for one exchange. That doesn't really sound like the end of the bitworld.

dandirk

full member

Activity: 143

Merit: 100

Quote from: sve9mark on May 14, 2013, 05:50:25 PM

If they were going after the bitcoin market as a whole, they would target every exchange at once. There must be something specific to the court order against Mt Gox, not bitcoin as a whole.

I think you have too much faith in the US Gov... They are slow lumbering beasts with stuff like this. If it is an attack, then we will probably see a couple of things like this occur in the year not a whole sale crack down.

samson

legendary

Activity: 2097

Merit: 1070

Quote from: TheJuice on May 14, 2013, 05:29:12 PM

Quote from: gizmoh on May 14, 2013, 05:25:51 PM

Department of Homeland Security is about money laundering/terrorism financing/drug trafficking..
Call me alarmist but, once the big players and Vc's read the charges against gox, realizing that the largest btc exchanger which hold all their millions, is now in jeopardy with a US govt agency,i'll let you imagine the continuing slipping of price in the coming days/hours as this bad news is fully digested..

Another poster brought this up, but we may see a large rally here. All those with fiat in gox should convert to BTC and get them to a safe wallet. This would cause a rise (maybe temporary, but still).

LOL, the only thing keeping the price up right now is the swing traders.

Once the swings get too small this could turn very ugly very quickly.

Dwolla isn't used by people who transfer huge amounts of money so it's largely irrelevant. Also anyone can send a wire / SWIFT payment to or from their bank account, it just costs a bit more.

sve9mark

newbie

Activity: 39

Merit: 0

Quote from: Dalib on May 14, 2013, 05:39:14 PM

Quote from: sve9mark on May 14, 2013, 05:30:25 PM

Any speculation as to the DHS motion for a court order? Why only Mt Gox and not CampBX?

Because MtGox trades 60% of the world market.

If they were going after the bitcoin market as a whole, they would target every exchange at once. There must be something specific to the court order against Mt Gox, not bitcoin as a whole.

sve9mark

newbie

Activity: 39

Merit: 0

Quote from: Crypt_Current on May 14, 2013, 05:34:26 PM

My initial reaction is a very large sinking feeling in my stomach...
reading through thread now ...
Embarrassed

Is this stabilization we are seeing at the moment people buying BTC before they transfer them out of Gox? DHS seizing GOX accounts would make me run for the hills. I am expecting a plunge any moment.

SaintFlow

sr. member

Activity: 476

Merit: 250

The first is by definition not flawed.

So 14/15 of May will be the day when the USA set themself up for failure again....
Like when they went to Afganistan to destroy their economy.
The day they think they have any real control over bitcoin is when they destroy
the tiny bit that is left of their international credibility.

Dalib

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Activity: 462

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A Top Web 3 Gaming Layer2 Provider

Quote from: sve9mark on May 14, 2013, 05:30:25 PM

Any speculation as to the DHS motion for a court order? Why only Mt Gox and not CampBX?

Because MtGox trades 60% of the world market.

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

My initial reaction is a very large sinking feeling in my stomach...
reading through thread now ...
Embarrassed

chsados

hero member

Activity: 662

Merit: 545

Quote from: TheJuice on May 14, 2013, 05:29:12 PM

Quote from: gizmoh on May 14, 2013, 05:25:51 PM

Department of Homeland Security is about money laundering/terrorism financing/drug trafficking..
Call me alarmist but, once the big players and Vc's read the charges against gox, realizing that the largest btc exchanger which hold all their millions, is now in jeopardy with a US govt agency,i'll let you imagine the continuing slipping of price in the coming days/hours as this bad news is fully digested..

Another poster brought this up, but we may see a large rally here. All those with fiat in gox should convert to BTC and get them to a safe wallet. This would cause a rise (maybe temporary, but still).

Why do you think that? Maybe the uninformed will do this - but this is only effecting Gox's US based dwolla account.

sve9mark

newbie

Activity: 39

Merit: 0

Any speculation as to the DHS motion for a court order? Why only Mt Gox and not CampBX?

TheJuice

hero member

Activity: 845

Merit: 609

Quote from: gizmoh on May 14, 2013, 05:25:51 PM

Department of Homeland Security is about money laundering/terrorism financing/drug trafficking..
Call me alarmist but, once the big players and Vc's read the charges against gox, realizing that the largest btc exchanger which hold all their millions, is now in jeopardy with a US govt agency,i'll let you imagine the continuing slipping of price in the coming days/hours as this bad news is fully digested..

Another poster brought this up, but we may see a large rally here. All those with fiat in gox should convert to BTC and get them to a safe wallet. This would cause a rise (maybe temporary, but still).

gizmoh

legendary

Activity: 1428

Merit: 1000

Department of Homeland Security is about money laundering/terrorism financing/drug trafficking..
Call me alarmist but, once the big players and Vc's read the charges against gox, realizing that the largest btc exchanger which hold all their millions, is now in jeopardy with a US govt agency,i'll let you imagine the continuing slipping of price in the coming days/hours as this bad news is fully digested..

melvster

sr. member

Activity: 350

Merit: 250

Quote from: BitChick on May 14, 2013, 05:06:50 PM

Quote from: melvster on May 14, 2013, 04:45:29 PM

Quote from: xavier on May 14, 2013, 04:39:17 PM

Wow guys. This is big news.

The start of a US led attack on Bitcoin is beginning.

How ironic that it begins in the USA, land of the free. It seems in this 21st century, USA is no longer land of the free. It's land of the heavily indebted , where government sponsored elitist cronies dictate everything in their own interest at the expense of the people at the bottom. I only hope this is not the beginning of increasing online state censorship. The internet is truly the one remaining outlet that can provide total freedom from government interference to the average citizen. Perhaps ,then, in some years US gov't will be shipping that statue of liberty back to Europe.

Quote from: BitPirate on May 14, 2013, 03:00:00 PM

Land of the free...

Why do you think it's an attack on bitcoin? It's only an attack on US participation in bitcoin ... ie an attack on itself.

Gambling is banned in the US but thrives in the UK and asia ... bitcoin is global and eventually will be accepted ubiquitously

Some nations will just be faster to see the benefits than others ... it's not an attack on bitcoin unless every nation does it ... and some will want to be a crypto super power im sure I can think of 1 or 2 ...

I know that I am not a fan of Homeland Security. On the last vacation I literally watched them confiscate bottles of Vodka and other beverages from passengers and then pocket them for themselves. Hmmm. Great security. SO thankful that they are helping us. Oh, and I really don't want them patting down my pre-teen daughters at the airport either. This might have a reverse reaction and make more people angry and even more people want to invest in BTC. I have been saying that I am not necessarily into BTC for ideological reasons but this is pushing me towards that very quickly! I do not feel "free" here in the US anymore. Sad

Our freedoms are being snatched from us daily. With BTC maybe there is some hope of having some still. We will see. . .

Sure but not everyone is bad ... let's try and understand the case. Never underestimate people's willingness to do the right thing when given a chance. If people could just understand the benefits to society or to a nation, of bitcoin without fearing it, we could solve soooo many problems. Let's try and be good educators even if we dont like some actions ...

MAbtc

hero member

Activity: 826

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Quote from: EuroTrash on May 14, 2013, 05:01:40 PM

News out going mainstream.

http://pandodaily.com/2013/05/14/dept-of-homeland-security-freezes-accounts-between-dwolla-and-bitcoin-exchange-mt-gox/

Never heard of this. Waiting for someone big to pick it up. Then popcorn time.

Topic: Dwolla can no longer process deposits or withdrawals to MtGox - page 4. (Read 13068 times)