Quote from: Abdussamad on December 17, 2013, 05:12:08 AM

Why not withdraw money and deposit cash in the seller's account? My understanding is that bank transfers in the US can be reversed so no one is going to risk it.

right- but my understanding is that ACH is irreversible after 30 days. I wish I could withdraw it in cash- bitfloor held my funds for nearly six months while bitcoin went from 65$ to what it is now- really bad "luck". After they 'refunded' it, it could only be sent to one place, IAFCU, which mysteriously can't send a wire.

IAFCU is what what we call a 'honeypot' run by federal authorities. The feds made a deal with Roman apparently in order to avoid money laundering charges he would cooperate and only withdraw funds to people to this 'fake' credit union -which was specifically set up to nail people who are withdrawing under false identities. There's no wiring out into bitcoin- This means for the unlucky people like myself who are using their real identities with IAFCU, we are in the same boat as the others- no convenient wire out to bitcoin/anonymity

It's 'clever' if you will, but it really is a huge inconvenience for those of us who don't have another bank account in the US due to being in 'chexsystems'.

That's the long story (sigh). "bitfloor and the honeypot".

My funds are totally stuck in the honeypot unless I can find an ACH out.