Post
Topic
Board Bitcoin Discussion
Re: TradeHill - Dwolla is being scammed and reversing transactions
by
kjj
on 29/07/2011, 05:18:47 UTC
And their CEO thinks it's funny to mock Bitcoin investors? Who are making up almost his entire customer base.
Finally managed to find the actual article Bruce was referring to - that was a bit of a pain.

Wow.  That article is amazing.  He seems to think that the problem is fraudulent bitcoin transactions being converted to dollars, when the real issue, as far as I can tell, is fraudulent bank transactions being converted to bitcoins.

A quick quote to illustrate what I'm talking about.

Quote from: douchebag
Someone obviously figured out how to game it.

That poses a lot of questions I don’t have answers for. If someone steals the bananas you buy at the store. What do you do?

Let me rewrite that in a way that reflects reality:

Quote from: me
Someone obviously figured out how to game Dwolla.

That poses a lot of questions I should have answers for, but don't.  If someone steals from Dwolla and then launders the gains through an irreversible system, what does Dwolla do?