Quote from: netrin on July 29, 2011, 01:26:32 PM

How is Paxum different from Dwolla? I read the terms and FAQ (also thought Dwolla looked fine last week) but aren't they suseptable to teh same attack? TradeHill can hope Paxum doesn't push their losses upon the merchant, but otherwise, what's the difference?

For the record, I pushed Dwolla funds to Mt. Gox this morning with no trouble.

Quote from: kjj on July 29, 2011, 05:18:47 AM

Quote from: douchebag

Someone obviously figured out how to game it.

That poses a lot of questions I dont have answers for. If someone steals the bananas you buy at the store. What do you do?

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?

A rep from Paxum is here on the forums. He says they have rigorous verification processes that make fraud very unlikely. So, they don't have losses that they need to pawn off on their customers.

Dwolla was pretty much just on the honor system, apparently. Which is odd. I got a phone call from Dwolla when I set up my account, just to verify my info. I still haven't added any banking info to my dwolla account.