Topic: MtGox supports Dwolla - page 2. (Read 10649 times)

Damn I have to contact Dwolla then hopefully they didn't freeze my account or something?

Yea, it is showing up. Just not what i was expecting. 1/40th of what they owe me.

Is it showing in your balance when you log into Dwolla?  I have received the email and it even shows in my transactions but doesn't show in my balance in Dwolla?

I have only received on of two from Mt. Gox. I still have 600 dollars unaccounted for. Tradehill, I am on my way.

I got emails that I received 2 of my withdrawals in Dwolla but the money isn't showing up in my balance.  Not sure if this is a Dwolla problem or mtgox?

Rumors of money hitting Dwolla.  Anybody confirm?

I signed up for TradeHill as well, although I haven't used it yet

Mine just went through (finally)! I still plan on switching over to tradehill though. Their interface is superior, and it costs me less to make transactions. All other things being equal, tradehill is still superior.

What I'd like to see is - obviously not everyone there can be working on the issue, only the coding geeks or MT himself - start processing them manually already.

Even with a very generous 1 withdraw request completed per minute 1 person could knock out 500/day. Granted it would not fix the situation long term, but at least it would give 500 people some satisfaction and relief (and would probably comfort everyone else too - by seeing the reports from the happy 500). It's been almost a week and nothing should have higher priority than processing deposits and withdrawals.

They have such a backlog and weren't even bright enough to put a notice up on their site until told too [which would have reduced their email substantially], that I don't think they can possibly process all their transactions today even if they solved their technical difficulties .. which I remain cynical about.

Well it's late Friday night in Japan and no update here or on the reddit. sigh.

Well, I did say I would update, and my update is that you are correct. But seeing as everyone else seems to be having a problem, that doesn't surprise me at this point. I'm glad I didn't get too far into exchanging yet, but the money in limbo here is still enough for me to care.

If they would have done this on Sunday [or Monday as the case may be] and if they did this kind of thing as a matter of procedure, then they would have saved themselves the MASSIVE blowback and probably cut their email volume to a fraction of what it is currently.

They need an system on their site to submit problems, payment lapses, etc.  Frankly, if they haven't done it by now, like Slush never updates his pool software unless it crashes, I think Mt. Gox may lose it's preeminent position to competitors before too long.

Yep on the left side after logging in it now says
"Announce
Dwolla withdraw delayed for technical reasons, will be fixed friday! Withdraws are not lost, just pending."

I haven't looked, but it sounds as if you are saying that they finally acknowledged it on their website?  That would be a very encouraging thing as that was a major point that I brought up to them that they have a duty to inform people, not just reactively, but proactively when there is any kind of trouble like this.  It would make far more sense not to initiate a funds transfer when you know a service [or part of a service] is not working.  That would leave confidence in trading bitcoins with Mt. Gox solid.  They have already done themselves damage, but it remains to be seen how much and for how long it affects their business [how long people "remember" and steer clear]. 

I think the SEC is going to take interest in exchanges in the U.S. before long [and even the odd layering of Mt. Gox in Japan and their legal entity here in the U.S. isn't going to protect them].  Fund transfers have different oversight, but it exists none-the-less and I think the volume of money they move on a daily basis almost certainly exceeds the amount needed for such oversight to be applicable.  I don't like it in the sense that Mt. Gox has been a good thing for me and many many people in the past, but I do like it because it will help protect us [Mt. Gox and their U.S. LLC could go bankrupt after squirreling the cash funds away [into bitcoins?] and we can't do much about it.  The other downside is oversight and regulation breeds expense and corruption [either payoffs to regulators or lobbying for exemptions which is probably not an issue, or increased expenses which would certainly become an issue].

I think the person/people at Mt. Gox are probably good and well intended, but in over their heads.

Now they changed from will be fixed today to will be fixed tomorrow it's good they're keeping us informed but don't post a time it will be fixed unless you're sure IMO.

It was probably strategic.  If you look at the archaic interface of Mt. Gox and the on and off load problems they have had, then the opportunity for somebody with the skill and know how to compete is blatantly obvious.  It was inevitable.  I suspect one or two more soon too.

I've yet to see my withdraw hit my Dwolla account. They have sent me two emails stating that it is queued for resubmission. Getting very old very quickly. Thank god for tradehill.com. Their timing is absolutely impeccable.

Last trade I did with them:

June 8, 2011, 7:27 p.m.   Obtain: 29.5000 USD Gave: 1.0000 BTC   0.1770 USD Commission

The timing was Central Standard Time, in the USA. It was about 10 cents less than Mt. Gox. This was a test. The transaction was fast and it hit my Dwolla account within an hour.

It really is getting ridiculous,  I don't care how busy he is this is a serious issue.  He's shooting himself in the foot he makes a lot of money but now there seems to be compelling competing services.  Whether he's trustworthy or not his silence makes him look terrible.

Did you get a good rate for your coins with tradehill?