21–30 of 44 posts
Bitcoin 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?
Dwolla 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.
Throughout 2011 it was the primary method of converting USD to bitcoin. It was practically their whole business.
During the hype that brought bitcoin to it's highest price so far, Dwolla's profits exploded.
Looking at their promo e-mails, the amount of time between them going from 1M/week in transactions to 1M/day in transactions was only one month.
Once they got big enough, they've not only turned on the people that built their empire, but are now actively targeting them.
It's hard for me to decide if I hate Paypal or Dwolla more.
I'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 with many groups, there are factions within the US.gov some that like BTC and some that hate it. The FBI, law enforcement groups, and the Intelligence Community like it; BTC leaves trails and localizes evidence of guilt in some significant ways that make their job easier. They probably don't like BTC mixing services all that much, but that just means that they are at a slightly higher priority for monitoring and t…
Dwolla 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.
No, you misunderstand. The vast majority of Dwolla's success is due to bitcoin. Throughout 2011 it was the primary method of converting USD to bitcoin. It was practically their whole business. During the hype that brought bitcoin to it's highest price so far, Dwolla's profits exploded. Looking at their promo e-mails, the amount of time between them going from 1M/week in transactions to 1M/day in transactions was only…
Earlier quoted context omitted.
As with many groups, there are factions within the US.gov some that like BTC and some that hate it. The FBI, law enforcement groups, and the Intelligence Community like it; BTC leaves trails and localizes evidence of guilt in some significant ways that make their job easier. They probably don't like BTC mixing services all that much, but that just means that they are at a slightly higher priority for monitoring and t…
linking BTC addresses to PII? what does this mean?
Earlier quoted context omitted.
As with many groups, there are factions within the US.gov some that like BTC and some that hate it. The FBI, law enforcement groups, and the Intelligence Community like it; BTC leaves trails and localizes evidence of guilt in some significant ways that make their job easier. They probably don't like BTC mixing services all that much, but that just means that they are at a slightly higher priority for monitoring and t…
linking BTC addresses to PII? what does this mean?
I'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.
I'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.
I'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.
Dwolla 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.
No, you misunderstand. The vast majority of Dwolla's success is due to bitcoin. Throughout 2011 it was the primary method of converting USD to bitcoin. It was practically their whole business. During the hype that brought bitcoin to it's highest price so far, Dwolla's profits exploded. Looking at their promo e-mails, the amount of time between them going from 1M/week in transactions to 1M/day in transactions was only…