Dwolla reversing transactions? - page 2.

Jered Kenna (TradeHill)

sr. member

Activity: 420

Merit: 250

Quote from: netrin on July 25, 2011, 08:53:30 PM

Hi Jered, As a TradeHill customer I have generally appreciated your openness in the past. As for what ever is going on regarding Dwolla, I'm not cool with your stance to let Bruce Wagner speak on your behalf (whether you are on the show or not). I believe we deserve clear, immediate information in writing on your site from the horses mouth. I hope you will agree.

Working on a blog post right now.
I agree and thank you for your comment.

elements

full member

Activity: 182

Merit: 100

Quote from: Trader Steve on July 25, 2011, 08:49:29 PM

Quote from: elements on July 25, 2011, 08:42:40 PM

Although the exchanges are competitors there should be a "board" of all exchanges which agrees to share info like this in emergency cases (like one person per exchange as "interexchange-contact").

(Like the red phones in the Bond movies)

Think this might be necessary for the sake of Bitcoin.

The better solution is to actively seek out and partake in decentralized exchanges by exchanging locally, and in person. Every user an exchanger.

Use services like:

http://www.btcnearme.com, http://www.tradebitcoin.com, http://www.ubitex.com, and http://www.bitcoinlocator.com

This might be partly true - but only for small amounts.

I most certainly will not meet with someone in a cafe or MacDonalds (WiFi) carrying a suitcase full of money (not that this an issue at the moment but still...)

The most volume will be exchanged on the big exchanges at least for the foreseeable future.
So I am still pro red phone!

netrin

sr. member

Activity: 322

Merit: 251

FirstBits: 168Bc

Hi Jered, As a TradeHill customer I have generally appreciated your openness in the past. As for what ever is going on regarding Dwolla, I'm not cool with your stance to let Bruce Wagner speak on your behalf (whether you are on the show or not). I believe we deserve clear, immediate information in writing on your site from the horses mouth. I hope you will agree.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: Trader Steve on July 25, 2011, 08:51:56 PM

Quote from: cypherdoc on July 25, 2011, 08:51:17 PM

Quote from: k on July 25, 2011, 07:54:19 PM

copying post from the Bitcoin show thread

hopefully have my facts straight:

tradehill have identified ~$37k of dwolla transfers that have been reversed after being credited, I think they managed to block ~$20k of that.
other exchanges unknown.
dwolla being cagey and changing terms of service on their website.

"reversed" by who and why? Dwolla or a hacker or a customer?

"they" meaning who?

dwolla is reversing transactions

why are they doing that?

Trader Steve

hero member

Activity: 836

Merit: 1007

"How do you eat an elephant? One bit at a time..."

Quote from: cypherdoc on July 25, 2011, 08:51:17 PM

Quote from: k on July 25, 2011, 07:54:19 PM

copying post from the Bitcoin show thread

hopefully have my facts straight:

tradehill have identified ~$37k of dwolla transfers that have been reversed after being credited, I think they managed to block ~$20k of that.
other exchanges unknown.
dwolla being cagey and changing terms of service on their website.

"reversed" by who and why? Dwolla or a hacker or a customer?

"they" meaning who?

dwolla is reversing transactions

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: k on July 25, 2011, 07:54:19 PM

copying post from the Bitcoin show thread

hopefully have my facts straight:

tradehill have identified ~$37k of dwolla transfers that have been reversed after being credited, I think they managed to block ~$20k of that.
other exchanges unknown.
dwolla being cagey and changing terms of service on their website.

"reversed" by who and why? Dwolla or a hacker or a customer?

"they" meaning who?

Trader Steve

hero member

Activity: 836

Merit: 1007

"How do you eat an elephant? One bit at a time..."

Quote from: elements on July 25, 2011, 08:42:40 PM

Although the exchanges are competitors there should be a "board" of all exchanges which agrees to share info like this in emergency cases (like one person per exchange as "interexchange-contact").

(Like the red phones in the Bond movies)

Think this might be necessary for the sake of Bitcoin.

The better solution is to actively seek out and partake in decentralized exchanges by exchanging locally, and in person. Every user an exchanger.

Use services like:

http://www.btcnearme.com, http://www.tradebitcoin.com, http://www.ubitex.com, and http://www.bitcoinlocator.com

elements

full member

Activity: 182

Merit: 100

Although the exchanges are competitors there should be a "board" of all exchanges which agrees to share info like this in emergency cases (like one person per exchange as "interexchange-contact").

(Like the red phones in the Bond movies)

Think this might be necessary for the sake of Bitcoin.

Jered Kenna (TradeHill)

sr. member

Activity: 420

Merit: 250

Quote from: Serge on July 25, 2011, 08:36:57 PM

Jared, some screening must be put in place to try to prevent this from happening in the future, and whoever effectively reverses transaction put on a blacklist and shared among other exchanges. then people think twice before trying to pull these scams

We have and we've almost eliminated it completely.
We're willing to work with the other exchanges on this.

Jered

bbit

legendary

Activity: 1330

Merit: 1000

Bitcoin

Thanks CampBX & intersango for the update to of the exchanges I'm going with

Serge

legendary

Activity: 1050

Merit: 1000

Jared, some screening must be put in place to try to prevent this from happening in the future, and whoever effectively reverses transaction put on a blacklist and shared among other exchanges. then people think twice before trying to pull these scams

Donald_Norman

member

Activity: 100

Merit: 10

Intersango.us the USD site which is the free exchange accepting Dwolla (run by the same guys as the long time no problems website Britcoin) has not been affected by this and all the money is there.

Jered Kenna (TradeHill)

sr. member

Activity: 420

Merit: 250

To clarify the name shown on that onlyonetv.com video was a confirmed scammer by Dwolla.
We haven't released anyone else's information.

Keyur @ Camp BX

sr. member

Activity: 299

Merit: 250

Dwolla scandal update: Camp BX is not affected by this, and every dollar is accounted for.

Hoping the same for other Bitcoin sites!

Thank you,
Keyur

k

sr. member

Activity: 451

Merit: 250

copying post from the Bitcoin show thread

hopefully have my facts straight:

tradehill have identified ~$37k of dwolla transfers that have been reversed after being credited, I think they managed to block ~$20k of that.
other exchanges unknown.
dwolla being cagey and changing terms of service on their website.

oneforall

full member

Activity: 140

Merit: 100

Does anyone know any more details of this? i just heard about it from 'K' in the onlyonetv thread(http://forum.bitcoin.org/index.php?topic=5952.160), apparently wagner is interviewing TH right now about it, but it is too choppy for me so i cant watch.. anyone know who they screwed by reversing transactions? did they do it once or a bunch? there is no mention of it on tradehills blog..

Topic: Dwolla reversing transactions? - page 2. (Read 4952 times)