Dwolla Begins PayPal-Style Account Suspensions for Bitcoiners
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Dwolla Begins PayPal-Style Account Suspensions for Bitcoiners
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Re: Dwolla Begins PayPal-Style Account Suspensions for Bitcoiners
#2Bitcoin provides me more utility than Dwolla at this point.
Re: Dwolla Begins PayPal-Style Account Suspensions for Bitcoiners
#3Bitcoin provides me more utility than Dwolla at this point.
As it does for most Bitcoiners, just gotta be careful how you use Dwolla now, apparently, unless you don't care if they close your account any more.
Re: Dwolla Begins PayPal-Style Account Suspensions for Bitcoiners
#4Overzealous patrol of fraud activities is how payment providers survive, but it also decrease utility, which allows cryptocurrency like bitcoin a niche in all sort of areas.
Re: Dwolla Begins PayPal-Style Account Suspensions for Bitcoiners
#5Bitcoin provides me more utility than Dwolla at this point.
What do you use as an exchange to buy bitcoins? Have you just been mining for a long time so you've accumulated a bunch? Do you use Mt. Gox?
Re: Dwolla Begins PayPal-Style Account Suspensions for Bitcoiners
#6I'm curious what people on HN believe the future holds for Bitcoins.
I expect the US government will step in in the not to far future and severely restrict the ability to legitimately exchange Bitcoins for dollars. I'm not passing any judgement on Bitcoins themselves, it just seems unlikely to me that people in places of power will be ok with an independent currency.
Re: Dwolla Begins PayPal-Style Account Suspensions for Bitcoiners
#7Dwolla was shitty to Bitcoin users earlier on. That's why I still have a bad taste in my mouth when hearing about them. Fortunate for them, I still hate Paypal more.
Re: Dwolla Begins PayPal-Style Account Suspensions for Bitcoiners
#8I'm curious what people on HN believe the future holds for Bitcoins. I expect the US government will step in in the not to far future and severely restrict the ability to legitimately exchange Bitcoins for dollars. I'm not passing any judgement on Bitcoins themselves, it just seems unlikely to me that people in places of power will be ok with an independent currency.
As long as you can exchange bitcoins for drugs delivered to your front door in first-class packages, it will be fairly trivial to exchange bitcoins for cash if you really need to. Legalization of all narcotics would hurt bitcoin far more than anything else the government could manage.
As far as I see it, it is not really a currency but rather a tool. A tool that remains operational so long as it has any "value" at all.
Re: Dwolla Begins PayPal-Style Account Suspensions for Bitcoiners
#9I've had my account for 2 years with no problems; however, that doesn't ease me the fear that my account may be suspended and require government ID when I hit some limit.
I barely use Dwolla now. Coinbase (YC S12) has replaced it for me.
Re: Dwolla Begins PayPal-Style Account Suspensions for Bitcoiners
#10I'm curious what people on HN believe the future holds for Bitcoins. I expect the US government will step in in the not to far future and severely restrict the ability to legitimately exchange Bitcoins for dollars. I'm not passing any judgement on Bitcoins themselves, it just seems unlikely to me that people in places of power will be ok with an independent currency.
As long as you can exchange bitcoins for drugs delivered to your front door in first-class packages, it will be fairly trivial to exchange bitcoins for cash if you really need to. Legalization of all narcotics would hurt bitcoin far more than anything else the government could manage. As far as I see it, it is not really a currency but rather a tool. A tool that remains operational so long as it has any "value" at al…
Surely currencies are nothing but tools for exchange, and their value is as a medium of exchange?