Post
Topic
Board Bitcoin Discussion
Re: mtgox might just kill Bitcoin's chances of success
by
timmo11
on 13/06/2011, 08:49:50 UTC
I mostly just wanted to talk about the guy screwing up the chart at TradeHill with his $999.99 ask price!

Tradehill needs to sort that kind of rubbish out quickly. I would argue that any ask or bid price simply not be accepted if it is too far off the current price. This is what happens on online share trading. Try putting in a bid price for google at $1 or an ask at $100,000... aint gonna happen.

Speaking someone who is trying to get a business owner to take BTC I find it totally bizarre that an exchange trading in USD will not settle to a USD checking account. Once my friend saw Liberty Reserve listed he said "what the F*** is that ? Why dont that just use a normal bank - is this stuff legal?" and I have to admit I was at a bit of a loss to explain it myself.

I am pleased that Tradehill simply has a US bank account and Dwolla. I would say that something like that looks a lot more legit.

Tim