Post
Topic
Board Bitcoin Discussion
Re: Chase Bank to offer deposits for MTGox
by
payb.tc
on 18/10/2011, 01:38:47 UTC
It isn't a transfer.

It's a cash deposit.

You can't "un-deposit" cash at a bank.

heh "un-deposit"... otherwise known as "withdraw".

I don't think you understand how this works.

You are making a cash deposit into MtGox's bank account.

Last time I checked, most reputable banks will not let you "withdraw" money from somebody else's bank account.

Maybe you know about some secret I don't?

oh, i understand how it works, you can only "un-deposit" from your own bank account.

i just thought the new term was funny, when we already have a perfectly good word for it already.