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Board Marketplace
Re: Buy and Sell Mt Gox USD
by
Terpie
on 03/06/2011, 18:11:45 UTC
I'd love to. But then another entity besides PayPal has my banking info (Dwolla). Additionally, why are there two (Dwolla + Mt Gox) middlemen?

The scam works in both directions equally, we must both admit. Whoever pays first is at risk. PayPal'ers can undo their transactions and screw over Bitcoin'ers, and vice versa.


When just signing up for the service itself quadruples the number of possible points of intrusion into my financial ecosystem, why?

And my single CPU is competing against server farms, how is this not just a psychology test to see how greed can overcome self-integrity?

I can prove to myself that Bitcoin will increase in value, but purchasing them requires me to surrender whatever good financial practices I already have in place. Gamble-me Gamble-you.

My point is that there sure are a lot of hurdles to overcome, and that anyone choosing to believe dark promises, or promote uncertain gains, must be familiar with the landscape.

Beware ye all who enter here- type stuff.



FWIW: And you can donate bitcoin to me @: 1FKDFycJ3BLsAq31BrZJh4FbAcokRmkZSS


Banks aren't Bitcoin-friendly and I don't expect that to change anytime soon. MtGox and other exchangers would LOVE to hook right up to your Bank Account, accept Paypal, etc, but that's an impossibility right now. If the costs (financial & personal) associated with transferring money into Bitcoin are too great for you personally, then I guess it's just not for you. I'm just explaining the dynamics in play right now.