Post
Topic
Board Bitcoin Discussion
Re: TradeHill - Why we no longer accept Dwolla and an open letter to Ben Milne
by
Raoul Duke
on 27/07/2011, 20:47:00 UTC

Now it's clear, so you don't have enough funding to insulate your customer's funds from your operational account. Dwolla withdrew or debited your account which essentially was your customer's money. Not a very smart way to do business. Wreckless at best. BTW I work on Sand Hill Road in Menlo Park and I know that has VC meaning to you. I'm no dummy.

You're up a creek if a lot of people suddenly withdraw USD from TH aren't you?

Keep airing this out in public, saying more than you should and that is exactly what will happen. If you have any sense at all, you will stop making this public, arbitrate with with Dwolla and settle this quietly.

If your users start an attack on Dwolla based on your postings here in this forum as they have indicated, you are done in the VC world and you can take that to the bank.

Once again, if you're smart, you'll stop the public whining and settle this quietly.

Wow, that sounded an awful lot like a threat. So the typical business world would rather we all play in the dark and hide in the shadows instead of dealing openly and fairly? Did I get that right?


Not just Dwolla's VC are watching this thread, so are the ones that Jered potentially can get support from. Jered will have little chance of securing any seed or Series A money if he continues to turn this into childish back and forth. While I  am only a "Jr. Member" here I have been involved with Bitcoin since 2009.

As an account executive and analyst in VC world of Silicon Valley it is my job to find  potential new investments and more so in vetting them out.

Are people looking at TradeHill, of course they are. It has potential.

All I am doing is trying to help Jered from flushing himself out of the system. The method he is employing is unprofessional at best in dealing with Dwolla. TradeHill has damaged it's image. Sure they look great to you guys, but none of you guys are going to drop a couple of million in seed either.

Once again Jered, consider what I said previous about going quiet and furthermore, if I were you I would definitely make statement strongly discouraging any coordinated attacks on Dwolla in your behalf.

Now... This ^^ WAS a threat! LOL