Post
Topic
Board Beginners & Help
Re: Bank to Dwolla transfer time.
by
djproject
on 13/06/2011, 21:11:43 UTC
Interestingly, the whole ordeal of getting money from a bank to MtGox only serves to hammer home the virtues of bitcoin-- which might have otherwise been missed.

Consider:  when you pay college tuition with a wire transfer, you simply forget about it.  You probably imagine the money went through instantly.  You don't realize it takes days and days, because you don't have to do anything with it once it's transferred.

Most people would not believe how slow bank transfers are.  There is no real reason they should be so slow, and so most people would just assume they are fast.  Putting money in MtGox is very educational.

Better to suffer and learn today, than have to someday be in a position where you really NEED to move money fast (loved one in the hospital, etc.) and suddenly be rudely awakened then.

Banks:  holding your money and treating you like shit, since forever!