I guess this is why I'm waiting for my deposit to take effect since monday.
Topic: Tradehill SEPA account frozen! - page 3. (Read 6130 times)
It can only happen if a rich individual steps into the Bitcoin economy. Not in rich as millionaire, but the types of Roman Ambramovich, Richard Brandson or people in that league, billionaires. Only individuals can push this, since bank CEO's are puppets and at the mercy of their board.
Problem right now that Bitcoin is facing is being ignored!
- Do you see any comments by politicians anywhere anymore?
- Do you see any financial institution banning it or commenting on the Bitcoin economy?
- Do you see anyone taking notice of the Bitcoin economy in from the established financial community?
The answer is no to all those. The only thing Bitcoin has are articles by the press. Its loosing its momentum, and its charm if nothing new is happening. People are talking about the critical mass, but how long will this take? 1 more year, 5 years?
From my point of view Bitcoin is in a limbo and is just moving sideways - this can even be seen on the trading price. Without mayor significant news and changes, positive or negative, Bitcoin is just a thing on the internet that only hardcore believers will use. Anyone else is too busy making money.
This doesnt mean a wider audience wont support it, but without the first step towards "something" it just sits here. I hope I am wrong, but I fear I am not.
Problem right now that Bitcoin is facing is being ignored!
- Do you see any comments by politicians anywhere anymore?
- Do you see any financial institution banning it or commenting on the Bitcoin economy?
- Do you see anyone taking notice of the Bitcoin economy in from the established financial community?
The answer is no to all those. The only thing Bitcoin has are articles by the press. Its loosing its momentum, and its charm if nothing new is happening. People are talking about the critical mass, but how long will this take? 1 more year, 5 years?
From my point of view Bitcoin is in a limbo and is just moving sideways - this can even be seen on the trading price. Without mayor significant news and changes, positive or negative, Bitcoin is just a thing on the internet that only hardcore believers will use. Anyone else is too busy making money.
This doesnt mean a wider audience wont support it, but without the first step towards "something" it just sits here. I hope I am wrong, but I fear I am not.
Expect this to keep on happening dear Bitcoiners. Just face that Bitcoin is not a cherished currency by the established banking world and no bank would publicly admit that they are tied to the Bitcoin economy.
Exactly.Until someone from the established financial sector steps in and takes the FULL step of representing Bitcoin - putting their bank license on the brink of cancellation
There will be none! Every major bank nowadays rely on government money one way or another or they are bust. All small banks rely on major banks or they are bust... Don't expect a bank to assist you, just the opposite. They will take every step to suffocate your business. This is the reality! I know what I'm talking about.Traditional form of exchanges simply won't work for bitcoin economy. Don't you understand, Gox, TD and the rest? All currencies so far had made their way from top to bottom, they were forced by the governments. Bitcoin will make their way from bottom to top... or will not make it at all.
Expect this to keep on happening dear Bitcoiners. Just face that Bitcoin is not a cherished currency by the established banking world and no bank would publicly admit that they are tied to the Bitcoin economy.
Until someone from the established financial sector steps in and takes the FULL step of representing Bitcoin - putting their bank license on the brink of cancellation and is ready to go through lengthy courts and is ready to publicly face the scrutiny of allowing "money-laundry" through their bank because of Bitcoin and whatever else the media is going to label them, forget Bitcoin ever reaching mainstream.
A strong system requires a strong individual, and none the less powerful to step in and take the first battle. Only the outcome of that battle will take Bitcoin to its next stage. Right now we are in limbo, and the freezing of assets is going to be more apparent as time passes.
I hope future generations appreciate the struggles we early adopters (yes everyone into BTC now is an early adopter) had to endure.Until someone from the established financial sector steps in and takes the FULL step of representing Bitcoin - putting their bank license on the brink of cancellation and is ready to go through lengthy courts and is ready to publicly face the scrutiny of allowing "money-laundry" through their bank because of Bitcoin and whatever else the media is going to label them, forget Bitcoin ever reaching mainstream.
A strong system requires a strong individual, and none the less powerful to step in and take the first battle. Only the outcome of that battle will take Bitcoin to its next stage. Right now we are in limbo, and the freezing of assets is going to be more apparent as time passes.
Expect this to keep on happening dear Bitcoiners. Just face that Bitcoin is not a cherished currency by the established banking world and no bank would publicly admit that they are tied to the Bitcoin economy.
Until someone from the established financial sector steps in and takes the FULL step of representing Bitcoin - putting their bank license on the brink of cancellation and is ready to go through lengthy courts and is ready to publicly face the scrutiny of allowing "money-laundry" through their bank because of Bitcoin and whatever else the media is going to label them, forget Bitcoin ever reaching mainstream.
A strong system requires a strong individual, and none the less powerful to step in and take the first battle. Only the outcome of that battle will take Bitcoin to its next stage. Right now we are in limbo, and the freezing of assets is going to be more apparent as time passes.
Until someone from the established financial sector steps in and takes the FULL step of representing Bitcoin - putting their bank license on the brink of cancellation and is ready to go through lengthy courts and is ready to publicly face the scrutiny of allowing "money-laundry" through their bank because of Bitcoin and whatever else the media is going to label them, forget Bitcoin ever reaching mainstream.
A strong system requires a strong individual, and none the less powerful to step in and take the first battle. Only the outcome of that battle will take Bitcoin to its next stage. Right now we are in limbo, and the freezing of assets is going to be more apparent as time passes.
Thanks for your patience regarding the SEPA withdrawal. We are experiencing the growing pains of Bitcoin legitimacy worldwide. Our Banco Sabadell SEPA account has been temporarily frozen by the bank, as they were contacted and told that the account is being used for a Bitcoin related business and are investigating the legitimacy of Bitcoin. All monies are accounted for, and will be unfrozen upon notice by the bank. We expect this account to be resolved early next week. We have had a secondary Euro account in the works which we anticipated having ready sooner, however it looks like this will not be available until next week either.
We will have a solution to SEPA transfers shortly, as well as multiple accounts to mitigate issues like this in the future. In the meantime there are currently two options.
1. We will have a one time SEPA withdrawal option available for you under the current circumstances available by the end of the day July 29th.
-or-
2. You may contact us to cancel your withdrawal request and continue trading and resubmit the request once the other SEPA accounts are resolved.
We understand that these funds are very important to you and are working very hard to give you, our valued TradeHill customers, all the tools necessary to keep trading in the future of global currency.
Regards,
The TradeHill Team
Have any of you recieved the above email from them?
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