Post
Topic
Board Bitcoin Discussion
Re: TradeHill - Why we no longer accept Dwolla and an open letter to Ben Milne
by
Newton
on 28/07/2011, 16:58:22 UTC
Who cares about VC's sabotaging TH funding efforts. We can fund TH with bitcoins.

BTW... losing a lawsuit with fraud related allegations would almost certainly finish Dwoola at this stage. Even a potential of such lawsuit probably devalues Dwoola already.

Here is an idea for TH: sue Dwoola and take 70% of their equity as settlement.



That brings up an interesting idea.  If the bitcoin volume is really as significant a percentage of Dwolla's revenue as some suggest, why couldn't a bitcoin business buy Dwolla?  If bitcoins are a large part of their revenue, it could be a profitable investment even with a significant loan.

A USD exchange needs something like Dwolla's existing infrastructure to take in cash efficiently for the mass market, and they probably make a larger profit per dollar moved than Dwolla does.