Dwolla can no longer process deposits or withdrawals to MtGox - page 7.

NamelessOne

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Quote from: dbru77 on May 14, 2013, 03:36:38 PM

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.

dbru77

member

Activity: 66

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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)

italeffect

sr. member

Activity: 255

Merit: 250

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

EuroTrash

hero member

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Quote from: old_engineer on May 14, 2013, 02:46:22 PM

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

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

chsados

hero member

Activity: 662

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Quote from: N12 on May 14, 2013, 03:19:11 PM

Quote from: cypherdoc on May 14, 2013, 03:17:52 PM

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I think they are also sending out to people who have recently withdrawn/sent money between Dwolla and Gox within the last 24 hours as well.

mgio

hero member

Activity: 546

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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.

SgtSpike

legendary

Activity: 1400

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Interestingly, the price is rebounding right back up. I wasn't expecting that at all.

cypherdoc

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Quote from: N12 on May 14, 2013, 03:19:11 PM

Quote from: cypherdoc on May 14, 2013, 03:17:52 PM

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.

N12

donator

Activity: 1610

Merit: 1010

Quote from: cypherdoc on May 14, 2013, 03:17:52 PM

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?

SgtSpike

legendary

Activity: 1400

Merit: 1005

Quote from: mgio on May 14, 2013, 03:04:23 PM

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

cypherdoc

legendary

Activity: 1764

Merit: 1002

i've had a long time Dwolla acct and i've not received any email...

sangaman

sr. member

Activity: 342

Merit: 250

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.

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: RodeoX on May 14, 2013, 03:03:34 PM

Quote from: bassclef on May 14, 2013, 03:02:14 PM

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.

Gabi

legendary

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If you want to walk on water, get out of the boat

The end is near!!

Arcas

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Merit: 524

Quote from: mgio on May 14, 2013, 02:40:26 PM

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

P_Shep

legendary

Activity: 1795

Merit: 1208

This is not OK.

Quote from: TheJuice on May 14, 2013, 03:06:35 PM

Quote from: mgio on May 14, 2013, 03:04:23 PM

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.

Yeah huge sell off now. 40k coins and counting.

just1nmc

sr. member

Activity: 280

Merit: 250

Oh well, just a small bump. Things like this have to happen to get people out of gox.

Good chance to buy while millions of dollars are being invested in bitcoin businesses, including upcoming exchanges

Rygon

hero member

Activity: 520

Merit: 500

This is negative news for the next 24 hours. Price already falling. Bye bye brief time of price stability. Sad

mccorvic

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Merit: 500

Quote from: sturle on May 14, 2013, 03:01:47 PM

Quote from: mccorvic on May 14, 2013, 02:54:10 PM

Only temporarily. In the long run it'll be best. If Gox doesn't implode now, they surely will later at an even worse moment. This whole thing is most likely due to Gox's own incompetence and failure to act within their own self-interest and to get an effin' clue.

Yeah! So, let's start listing more competent exchanges. We can start the list with... Eh..? You start!

This time it is some bureucrat in a remote fu**ed up country doing his job. Protect the banks.

I'd rather go through a short period with no exchanges and let one rise than to keep bouncin' along with the sack of puss that is Gox.

TheJuice

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Quote from: mgio on May 14, 2013, 03:04:23 PM

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.

Yeah huge sell off now. 40k coins and counting.

Topic: Dwolla can no longer process deposits or withdrawals to MtGox - page 7. (Read 13068 times)