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The Bitcoin Wiki is still listing Dwolla as a valid way to withdraw USD from MtGox.

https://en.bitcoin.it/wiki/MtGox#Dwolla_2
Since MtGox stopped using Dwolla last May, this really needs to be taken down. It'll only encourage new users to register and attempt to use MtGox without realizing the troubles of withdrawing USD from the market.
I don't have the permissions to edit articles on the wiki, otherwise I would have edited them myself.
submitted by JoshuatheHutt to Bitcoin [link] [comments]

My collection of amazing early Bitcoin comments, right here from Reddit:

On buying (or not) a gaming rig to mine Bitcoin:
With the difficulty skyrocketing and exchange rates sitting stagnant at $5~8 for the last week or so, you pretty much missed the boat to buy dedicated mining hardware, IMHO. If you already have the hardware, or are looking for an excuse to buy a couple bitchin' new graphics cards for a gaming rig, there's definitely money to be made mining when you're not using it.
But I don't think I'd drop $1k into a rig that's only to mine with unless it was $1k I'd blow on something even more retarded. I certainly wouldn't sink next month's rent into it.
https://reddit.com/AskReddit/comments/hnp7f/_/c1wuv1b/?context=1
On easily cashing out Bitcoin using mtgox:
I think getting money is not that difficult. The daily volume on mtgox is over $100K, so I think anyone can currently sell Bitcoins for USD without problems.
https://reddit.com/AskReddit/comments/hnp7f/_/c1wuhjh/?context=1
On it being $10:
Is Bitcoin 10 usd yet?
https://reddit.com/Bitcoin/comments/hpq6c/is_bitcoin_10_usd_yet/
Bonus: Snapshot of the isbitcoin10usdyet website from 2011: https://web.archive.org/web/20110606125320/http://www.isbitcoin10usdyet.com/
Mtgox might disappear:
400K bitcoins is $4M dollars. Given all risks and uncertainties around bitcoins, no wonder some of the early founders exit their investments. Tomorrow mtgox or dwolla may disappear. It is the matter of one government intervention.
https://reddit.com/Bitcoin/comments/hq1wj/_/c1xgesq/?context=1
Bitcoin is terrible at friendly front-end:
This is a dangerous point-of-view. The entire bitcoin ecosystem is ugly, confusing, and deeply unusable. Really think about the questions posed in the article. The client works, as in, it creates a functional front-end for some bitcoin-related tasks, but it isn't at all designed for how humans would want to interact with the currency. The point of the article isn't that the client is hard, it's that the client works pretty well for obsessive nerds (present company included), but if bitcoin is really going to succeed at the goals it sets out to accomplish, it needs to not only be usable by normal people, it needs to be exceptional. If you think it's reasonably usable, you're welcome to that opinion, but please understand that you're the exact sort of person Mr. Falkvinge was referring to. Great with complex logic, terrible at friendly front-end.
https://reddit.com/Bitcoin/comments/hrqpm/_/c1xtfuy/?context=1
On wallets going out of sync:
One thing that I think is lacking is the ability to functionally use wallets on different machines as they will tend to get out of sync. This might be able to be overcome if new addresses were deterministically created from a seed contained in the wallet, but there are probably better ways.
Also, the UI for the official client is kind of a bone.
https://reddit.com/Bitcoin/comments/hrqpm/_/c1y730k/?context=1
On Bitcoin’s ease of use:
In fact, BTC is in such an infant state right now only enthusiasts investors, and geeks who can actually grasp how the system truly works, are using it for real.
The usability issues raised by the article are real. No grandma, or any well respected enterprise for that matter, would accept working with this type of GUI. If anything, a REAL enterprise backend still needs to be developed to handle the BTC's ungly guts, with all transactions details, hashes, mining, wallets, proxy connections, peer discovery via IRC channels... I mean... this is all too RAW for the end user. I can see a near future where startups will begin to offer user friendly GUIs, online access, maybe even online banking for your bitcoin accounts, automated backups and safety mechanisms to protect your coins in case of theft.
All of us geeks will end up supporting the bootstrap of this network so that, later on, your grandma will be able to use this just as she would use a credit card today.
https://reddit.com/Bitcoin/comments/hrqpm/_/c1xungz/?context=1
rBitcoin is not a sub for memes:
This isnt a subreddit for memes. Take it back to pics
https://reddit.com/Bitcoin/comments/i7z0v/_/c21m3ld/?context=1
I think I’ll keep my money elsewhere:
This further reinforces BC's image as nothing more than a Ponzi scheme. When the distribution is skewed that heavily towards early adopters, they will have almost total control over the market. Those 32 could manipulate to their hearts content. I think I'll keep my money elsewhere....
https://reddit.com/Bitcoin/comments/ifl26/_/c23e3ei/?context=1
Tulip mania:
http://en.wikipedia.org/wiki/Tulip_mania
https://www.reddit.com/AskReddit/comments/hnp7f/i_just_invested_half_of_my_next_months_rent_in/c1wuhkt/
submitted by wisequote to btc [link] [comments]

Don't be afraid to sell/spend your bitcoins! You'll probably end up making more money.

Everyone is excited about the climb from $2 to $32 over the last two or so months. In fact, there is a lot of hysteria and emotions over what bitcoins are doing. People are viewing this as their breakout, which shows the high potential of this budding currency. But an issue here is people aren't treating bitcoins like a currency, they are trying to hoard them due their limited nature.
Do you really think bitcoins are worth $30? No. What's most likely happening here is someone with deep pockets jumped into the market; an admittedly young one that is rife with liquidity issues. It wouldn't take too much to influence this market and I believe a party(ies) with nefarious intentions have jumped into the game. It is most likely these parties cashing out which is causing this. Then after price falls enough, they will probably start round two of the buying frenzy. Markets move up and down and those who are paying attention should understand buying and holding in this environment is not ideal. No, you are most likely not going to pick a top or bottom, but there is nothing wrong with realizing some profit and letting the remainder run.
Don't be afraid to sell, people. MtGox is showing bitcoins at $13(who knows when you read this, crazy volatility) -- if you sold in the 20s and 30s you would've had ample opportunity to gobble up this supply. But don't worry, this puppy can reach the $3-5 mark again easily. There is no precedent in this market, therefore expect a wild ride for the next few months as price is determined. I can assure you it won't be a smooth curve, nor an exponential climb without hiccups along the way. We need the bitconomy to maintain strong growth to allow for bitcoins to reach a stable value and also to create a stable, more predictable rate of deflation.
As long as bitcoins survive, there will be opportunity to make money. Don't be naive and hoard bitcoins because there is a finite supply -- that hasn't stopped gold or even oil from fluctuating in both directions for the last century. Bitcoins are going to depend on how easy they are to exchange for services or products, otherwise everyone here is investing in a mirage.
submitted by ltz to Bitcoin [link] [comments]

How to buy these cheap coins right now

Since we've all been goxxed now is the time to buy those $50-60 coins floating around and profit from everybody else's misery. Or you could wait for Gox to come back online and crash down the price even further but good luck trying to do any trading there to buy coins, the trading engine is already broken I don't expect the new one to work flawlessly due to epic 3yr history of GOXXING
BTC-E.com
To pay into this exchange, you need a BTC-E code, PM or Okpay. Take pics of your ID and utility bill and pay the $10 to Okpay for 'quick verification'. You can pay bitcoins directly into your Okpay account for initial funding or wait and see how long it takes for reg verification.
Now either wire money, or instant money transfer (MoneyPolo, Contact-sys, Unistream) to fund your account or find an Okpay exchanger somewhere. Or Ukash/CashU. Just because contact-sys is Russian doesn't mean there aren't sending points in every country in the world.
BTC-E codes you buy on #bitcoin-otc from verified gpg authenticated traders with good ratings, or on bitcointalk.org forums in the currency exchange forums.
Perfect Money is a shady HYIP digital currency run by Russians much like Liberty Reserve. You sign up for free, and load your account with wires (if verified) or you use an exchanger. This is what talkgold.com is for to find legit exchangers. I use wm-center.com to wire WU/Moneygram and get PM. Click on 'Interkassa' payment method in BTC-E and select Perfect Money. Instant load.
You can also obviously dump Litecoins you bought on Vircurex to fund the account, or a gagillion PPcoins
Bitfloor.com
Fastest way to deposit is through CapitalOne P2P or cash deposit https://bitfloor.com/docs/#funding-deposit
Be aware Bitfloor is insolvent due to owing 25k bitcoins that were stolen last year but they have a repayment schedule that may or may not bankrupt them. Use at own risk but most ppl trade there everyday with no problems.
Bitstamp.net
Great exchange in Slovakia? I think. You have to pay with Euro SEPA wire, then for some stupid reason they convert the money to USD. You can pay in here using transferwise.com if you're from UK, or XEtrade and other Forex online money transfer companies. Google 'free money transfer fx' and review your options. Most don't charge you anything if over a certain amount of money. They take your internet billing or other local payment, convert to EUR and send SEPA for you if you request it. If they don't then check with Bitstamp what a SWIFT wire costs (probably nothing, I think they use Latvian banks that charge no receiving fees). If you want a bank account in Latvia then sign up here: http://www.rietumu.com/ if you have a local corporation or business where you live you can, maybe a personal account too. You can always incorporate a dirt cheap Delaware LLC or Oregon LLC from anywhere in the world and use it to open up worldwide bank accounts.
Bitcoin-24.com
Takes direct wires, all sorts of other methods: https://bitcoin-24.com/fees You can also use Liqpay if you have a USD or EUR card. Sign up to liqpay.com, then they block a small verification amount you have to sign into internet banking (for the card) to check. It's usually $1.something or less. After that you are verified to load $1-100 or so, but I'd just try $50 at first. Any more than that and Liqpay will seize the funds and ask for your bank to authorize a fax they send which no bank will do because of privacy reasons, so pointless to load anymore money. Liqpay may also call you to verify card details this is normal. Liqpay is meant for Russians and CIS countries to use like Ukraine so due to epic fraud of credit cards don't expect to load too much this way unless you find a Liqpay exchanger, but what's the point when you can just wire money to bitcoin-24 anyways.
Vircurex.com
Good exchange, had some problems due to DDoS but so did all exchanges. They only accept BTC, altcoins and VouchX for payment. You buy Vouchx here: https://www.aurumxchange.com/ or from somebody on Bitcointalk, or IRC (with rep). You can buy a bunch of litecoins anywhere to fund this exchange such as the bitcointalk forums or IRC. Warning: the so-called official twitter account is fake, don't use it.
Cavirtex.com
Can only fund if in Canada, they accept cash deposit and internet billing. Price has been steady at ~$90 all day though no panic selling.
LibertyBit.com
https://www.libertybit.com/funding various easy methods, new exchange in Canada that takes intl wires and shockingly Interac deposits (easily frauded).
Bitcoin China
https://btcchina.com/ fast growing exchange, you pay in with Alipay or Tenpay both Chinese methods that westerners can't use or figure out due to no translation. You can probably use Alipay if you find and exchanger to load it, they do exist. **Edit they now support Liberty Reserve deposit and withdrawal
Check english forums to see if anybody exchanging Alipay or taking wires.
CampBX.com
Accepts money orders, and CapitalOne P2P payments. Also accepts Dwolla but you need to be verified.
Bitcoin-central.net
Just had a major outage due to instawallet hack, appears to be back online. You get your own quasi-bank account when you verify here much like how ecardone.com (liberty reserve) does banking so can transfer to other users legally with vouchers. You can buy a voucher p2p on Bitcointalk forums or IRC or send a bankwire.
VirWoX.com
You can pay with Paypal to get Second Life "Linden Dollars" then convert to BTC, or at least you used to be able to. I have no idea if this is still the case I've never used them.
Or course there's all the fixed price exchangers
https://en.bitcoin.it/wiki/Trade and https://bitcointalk.org/index.php?board=53.0 for everything from Moneypak to Skrill. You can also risk buying coins on Silk Road with moneypak
==============R U L E S ================================
Enjoy buying all the way down the crash once Gox comes back online and the great sell off begins! Hold them for a year and they'll be worth 10x as much just like the 2011 crash. Bonus points if you speculate on Litecoin, rumor has it Gox will be trading them when they come back online but again, this is MtGox we are talking about so the site could implode on the zerg rush of people trying to get into their accounts or trading engine could sell all your coins for $0.0001 again like they did in 2011.
Great successez!
submitted by Derpcoin to Bitcoin [link] [comments]

I applied for a mortgage last week. The underwriter wanted documentation on the "mysterious" $5,000 deposit on my bank statement. Now he won't stop asking me about Bitcoin!

I'm buying a condo and recently applied for a mortgage. For those unaware, when you apply for a mortgage they request bank statements at least once or twice during the process to make sure you aren't taking loads of money into or out of your accounts.
I've been a Bitcoin believer for a while now, and thought it finally felt "right" to cash out some of my Bitcoin to use the money for closing costs on my first home purchase. So one of my checking statements showed a $4,985 deposit from Dwolla. I got a call Monday from the mortgage processor asking for backup for the deposit. Then for backup for the deposit to my Dwolla account. Then for an explanation to the question "what the hell is CampBX".
I tried my best to quickly and concisely explain Bitcoin, the loan processor I guess passed the message on to the underwriter, and within an hour I was on the phone with the underwriter for over an hour explaining the WONDERS of the BITCOIN!
At first the guy was talking to me like I was a total scam artist, and within an hour he was on the bitcoin wiki and taking notes in total interest. I've talked to him twice since and felt like you guys would be able to appreciate this story. It made me pretty happy and gave me a little more confidence in Bitcoin's ability to one day be adopted by the general public. :D
submitted by BlackBeanTaco to Bitcoin [link] [comments]

4 Bitcoin-Newbies: What I have learned about BTC in 4 months

Hi guys,
I was introduced to Bitcoins last September. I didn't know anything about that and I started studying more about that.
I also found this forum and learned A LOT from you guys, so, to thank you all and to give back, I thought about doing a small summary of what I have learned so maybe new guys can find this helpful.
I will post a lot of links from outside and to my own posts, so people with the same doubts that I had can look for the answers that I got there and maybe that may answer their question too.
I learned: In September 2012, the very first thing I learned was from this video (like many of us) :
http://youtu.be/Um63OQz3bjo and this website: http://www.weusecoins.com
My friend introduced me to my first wallet and my first pool: http://bitcoin.org/ and http://bitminter.com/
I still didn't know what I was doing.
This amazing post resolve 99% of your doubts: https://bitcointalk.org/index.php?topic=9430.0
At the end September I found out that mining as we know it (or as I just knew) was about to end thanks to the ASIC machines. I didn't know what mining was and less idea of what ASIC was. So I started reading about that and I find many companies like Butterfly Labs, Avalon and BTCFPGA (http://bitcoinmagazine.com/tag/asic/)
I learned how awesome this forum is, willing to help a new guy like me
I was still learning how to mine, so I asked in this forum about that (https://bitcointalk.org/index.php?topic=114723.msg1236829#msg1236829) and they told me about pools, mining and I ended upgrading my graphic card (you can compare the speed of mining here: https://en.bitcoin.it/wiki/Mining_hardware_comparison and you can calculate how many bitcoins here: http://tpbitcalc.appspot.com/)
I found out all the pools out there (https://bitcointalk.org/index.php?topic=104664.0)
In October I was looking for rigs to mine (https://bitcointalk.org/index.php?topic=114823.msg1238027#msg1238027) because I found this video: http://youtu.be/eLt8Se3vVNg
Then I didn't understand why pay fees when mining, but this forum was even greater than what I thought https://bitcointalk.org/index.php?topic=115260.msg1242456#msg1242456
So once I learned about mining, I download GUIminer and I started mining in 3 pools at the same time (https://bitcointalk.org/?topic=3878.0)
After 40 days I mined my first bitcoin YAY! now, I wanted to know what I can do with that and I found places to buy with bitcoins like www.bitmit.net
I wanted to control my mining from my cellphone and I found Bitcare very useful (https://play.google.com/store/apps/details?id=org.cryptcoins.btcare&hl=en), and also Bitcoin Wallet to have a new wallet in your phone (https://play.google.com/store/apps/details?id=de.schildbach.wallet&feature=search_result#?t=W251bGwsMSwyLDEsImRlLnNjaGlsZGJhY2gud2FsbGV0Il0).
I wanted to buy more bitcoins, didn't know where. Dwolla https://www.dwolla.com/ and Mt.Gox https://mtgox.com/ were there for me. I found out that Dwolla is a pain in the ass. I had to wait 3 weeks to verify me and 3-5 days every time to make a deposit. But besides that, it works...althought I found this today: http://codinginmysleep.com/dwolla-begins-suspensions/
People who likes bitcoins don't usually likes PayPal
I also found places where they give bitcoins away...for free! http://makebitcoinsfast.com/ and http://earnbitcoin.wikidot.com/
I was new and happy until I found what a block is and how it dropped from 50BTC to 25BTC https://en.bitcoin.it/wiki/Blocks and http://blockchain.info/
You can know when the new block will happen: http://bitcoinclock.com/
More companies started to use bitcoins like WordPress (http://www.forbes.com/sites/jonmatonis/2012/11/16/whats-your-bitcoin-strategy-wordpress-now-accepts-bitcoin-across-the-planet/). You can even buy a house with btc! http://bitcoinmagazine.com/where-to-spend-your-bitcoins/
Cool sites that I still don't understand like: http://cognitivemining.com/ or http://bitcoinstatus.rowit.co.uk/
The biggest wallet so far had more than 613,000 BTC and its own site (http://1dkybekt5s2gdtv7aqw6rqepavnsryhoym.com/)
You can watch how bitcoins are going higher or lower in sites like here: http://bitcoinwatch.com/ and http://bitcoin.clarkmoody.com/
That a guru of Gold and Silver, is accepting Bitcoins in his web: http://mogamboguru.blogspot.com/
They have more names than just bitcoins... Sub-units of a bitcoin such asmillibitcoins ("Millies") or microbitcoins ("Mikes"). The Bitcoin protocol uses a base unit of one hundred-millionth of a Bitcoin ("a Satoshi")
What 2013 has in store for bitcoins: http://bitcoinmagazine.com/the-next-year-in-bitcoin-what-2013-has-in-store/
Some companies are afraid of bitcoins like apple and why: www.forbes.com/sites/jonmatonis/2012/06/13/why-apple-is-afraid-of-bitcoin/
You can help others by crowd founding with btcs: https://bitcointalk.org/index.php?topic=118458.0
You can bet anything: http://betsofbitco.in/ or http://bitbet.us/
And also short cut your wallet: http://payb.tc/
Hitler sells alls bitcoins: http://youtu.be/alc0gG0u48M
That if the bitcoin drops to $4 (it was my dream )... 82% of the people would buy all the btc they could https://bitcointalk.org/index.php?topic=137249.0
Casinos will make money....ALWAYS, any currency, any country: www.forbes.com/sites/jonmatonis/2013/01/22/bitcoin-casinos-release-2012-earnings/
There is wikipedia about bitcoins (http://en.wikipedia.org/wiki/Bitcoin) and there is a wikipedia only of bitcoins: (https://en.bitcoin.it/wiki/Main_Page)
Blogs keep growing to understand better about bitcoins: http://www.thebitcointrader.com/
I learned the hard way that if you have several wallets in your Bitcoin Wallet in your phone, it can crash and lose money. Be careful. https://bitcointalk.org/index.php?topic=137785.msg1468748#msg1468748
You can have multiples wallets in your computer thanks to: https://multibit.org/
I thought a fork was for eating, but there are more https://bitcointalk.org/index.php?topic=136802.msg1457287#msg1457287
There is no flaws in bitcoins: https://bitcointalk.org/index.php?topic=136740.msg1456910#msg1456910
Also, if you sign your account of the forum with your wallet, your nickname would be attached to it, always: https://bitcointalk.org/index.php?topic=137667.msg1467500#msg1467500
You must create a SECURE wallet: https://bitcointalk.org/index.php?topic=17240.0
And that's it so far. I'm still learning but I can see how much I have learned in just 4 months. I got my wallets secured, with many bitcoins and waiting for an asic.
I hope this post can help anybody.
Thank you guys!
All the best.
Source:https://bitcointalk.org/index.php?topic=138890.0
submitted by saidee to Bitcoin [link] [comments]

Can we as a community put together a list comparing the different ways to get BitCoins, the times involved, etc?

I'm not sure what format would be the best. Maybe we could get it added to the Reddit SilkRoad Wiki. Since these services come and go, it is quite interesting at times how to get BitCoins.
Things to include: -Country -Method of original payment -Time for payment to clear -Time for BitCoin transaction to cleat -What percentage of money is taken by BitCoin transaction -Total Time of Transaction
Here is what I have used in the past:
BlockChain cash deposit through BitInstant in the USA - Blockchain accesses ZipZap payment service, ZipZap then instructs user to use MoneyGram express. Moneygram express is used anonymously at a WalMart, which excepts debit for purchase. ZipZap payment goes through BitInstant, finally BitInstant transfers to BlockChain account. Total time 30mins to several hours. Requires driving to Moneygram site. Fees - ZipZap $3.95. BitInstant 3.99%
CoinBase by bank transfer: Create a CoinBase account (USA only). Confirm back account wiring. Since buying BitCoins is legal, I see no problem with this. Coins can be ordered through CoinBase at a 1% fee. Once the account is set up the transactions take 3-5 business days to be confirmed. Small fee, longer wait time than BitInstant.
I would like to know more methods of transfer and how they work. I also signed up for a Dwolla account, but would have to go through BitInstant (I believe). I feel like this would be massively beneficial to the community! I am also looking for a method that could be done within a day, preferably use bank transfer, and have a percentage loss at about 2% or less. Lets hear the methods and get a permanent working source going!
submitted by takingajourney to SilkRoad [link] [comments]

Could masternodes make recurring payments possible?

I just wanted to find an old comment I made here and I discovered after much searching that the easiest way was to install the Reddit Enhancement Suite. Eventually I ended up looking at the contribution methods, which currently are limited to:
The observant reader may notice an unfortunate omission :-)
This got me thinking. I resent using PayPal for services, but often it is the only one on offer. And Bitcoin can't compete because it has no means of making recurring payments without a centralised (read: you don't hold the keys) service.
Dash masternodes have been shown to offer more advanced transaction types than Bitcoin, eg InstantX.
Would it be feasible to use masternodes to facilitate recurring payments in any way? Is anything in Evolution likely to help with this?
(I'm pretty new here and I watched the Evolution preview video a while back, but that's all I know about it.)
submitted by ashmoran to dashpay [link] [comments]

[Informational] [CC0] The Dijon Malaise: The Rise and Fall of Karpelès

Mark Karpelès

Mark Karpelès, also known as MagicalTux, is a former operator of the notable Bitcoin exchange MTGox, as well as a founding member of the Bitcoin Foundation, and a major contributor to the Bitcoin Wiki project.
Karpelès notably presided over the great failure of the MTGox exchange, with his tight control of information and seemingly criminally irresponsible behavior yielding unprecedented outrage in the Bitcoin community.

History

Mark was born June 1st, 1985 in France, and grew up in the city of Dijon. In his teenage years, it is rumored that his interest in computers turned criminal, according to various sources. Although apparently convicted, Mark served no time and was burdened with no public criminal record. It's documented that Mark moved from Dijon to Paris, attending the schools Lycée Claude Bernard, and Lycée Louis Armand in Paris, finishing his education in 2003 at age 18.
He soon found employment at the Linux Cyberjouers company, working as a network administrator and software developer for two years. After his stint at Linux Cyberjouers, Mark reportedly went to work for the French company Eurocenter, a game software development studio for two years. Reportedly Mark's work at Eurocenter led to a dispute and accusations of financial fraud. Mark was eventually convicted of the accusations in 2010, resulting in a one year prison sentence. However Mark never returned to France to serve his one year sentence, because in 2009 at age 24 he had moved to Tokyo Japan, never to return to France.
In Tokyo, Mark formed a limited liability company Tibanne, named after his cat, and found a new life there, marrying a local woman, fathering a child, and developing a conversant ability in Japanese. In 2010, Mark began to take part in the early Bitcoin community, volunteering time and effort to restore and rehabilitate the neglected Bitcoin Wiki project by reforming it and switching to a MediaWiki installation. Mark worked to create an extension to the wiki to charge for edits, and he ran a fund drive to generate funds to promote development of wiki content, although the five hundred donated bitcoins were never spent or returned.
In 2011, at age 26 Mark purchased the nascent Bitcoin exchange MTGox from the developer Jed McCaleb, acquiring an 88% stake in the company. It is rumored that at that point, he may have also taken on some hidden debt, stemming from a possible hack on the exchange during Jed's tenure, and reportedly during the switchover there may have been more funds lost.
Nevertheless, the MTGox exchange led the way as an early pioneer of what was to follow in Bitcoin exchanges, and quickly rose in prominence as Bitcoin's fame and fortune began to pick up in 2012. At 2012, at the age of 27, Mark joined Gavin Andresen and others in forming the Bitcoin Foundation, a trade association that was intended to funnel money towards the interests of Bitcoin, as decided by its board and members.
Towards the end of 2013, Karpelès worked to keep up with the rapacious demand of a Bitcoin bubble, fueled by massive media coverage. As the months wore on, the increased scrutiny and volume started to cause obvious issues. US regulators froze his accounts. He started to report issues with his own Japanese bank partners. The MTGox exchange started to delay and block withdrawals of fiat, and eventually Bitcoin, sparking concern. After drafting several crisis plans and circulating them to possible investors to help bail out MTGox, Karpelès eventually revealed that the exchange was inoperably bankrupt, had lost users' funds on deposit, and he pointed blame at a Bitcoin Blockchain bug called transaction malleability as being the culprit, demanding that the Bitcoin Core developers immediately fix the issue.
The Bitcoin Core developers rebuffed these demands and accusations, pointing to documentation on Mark's own wiki that detailed the bug and showing that it could be worked around, and that it was a well known issue that should have been dealt with by a competent programmer.
In February of 2014, Mark stepped down from the Bitcoin Foundation, and the MTGox exchange became defunct, the entire matter turning to the courts for resolution. In August of 2015, at age 30, Karpelès was arrested for falsification of financial documents, embezzlement and misuse of company funds, including recorded instances of solicitation of prostitutes with company money.
submitted by pb1x to writingforbitcoin [link] [comments]

Mission: To enable the trusted, instant transfer of any value. To anyone. From anywhere. Just because.

We are in the midst of developing a statement Crypto Street’s Mission (a bitcoin and altcoin exchange and pro trading platform) and we're looking for feedback from Redditland.
Mission: To enable the trusted, instant transfer of any value. To anyone. From anywhere. Just because. Is this mission impossible? Nope. We’ll get there. Let’s break down this statement further.
“To enable…” Crypto Street operates an advanced trading platform and exchange for bitcoins and other cryptocurrencies. Our platform makes possible the ability to speculatively buy and sell currencies (both fiat and virtual).
“…Trusted” Any of the current online peer-to-peer or interbank transfer methods all have security safeguards in place that allow for disputes and reversals. The reason is because every existing method of money transfer outside of cash (from a credit card transaction to a bank check) is a claim underwritten by a bank rather than a legitimate transfer of money. It takes time for that claim (or I-O-U) to be verified that funds actually exist; and occasionally in that time it takes for verification, the available funds intended for transfer may have been depleted before the transfer can be complete. A bitcoin or cryptocurrency payment is more synonymous with handing green cash from one pocket to another than to a bank wire or ACH payment. It’s instant and it’s final. The payment is irrefutable and irreversible without the payee’s consent to give it back. So while a bitcoin payer might not be “trusted” they don’t have to be. The payment itself is trusted; the value behind it is genuine and indisputible.
“…Instant Transfer” Other means for transferring funds such as wire transfers, credit card transactions, ACH, dwolla, paypal are all not instant — verification takes days. These are days that you could be waiting on the sideline while your friends are trading day and night. Don’t be on the sidelines.
“…of Any [Value]“ Many online payment systems require a minimum amount – often with fees included. Or how about those annoying “$10 credit card minimum” signs at cash registers? that’s a real rule (if the merchants opts-in). Want to buy a gallon of gas for the advertised price of $3.49 9/10? Well, you’ll pay $3.50. And some states require a car be sold for no less than $1. But Bitcoins can be sent in the tiniest fraction of a cent; as small as 0.000 000 01 BTC, or 1 Satoshi. Crypto Street believes in micropayments… in fact fractions of a bitcoin can even deter spam.
“Value” As a currency exchange, providing efficient trading of cryptos makes it possible to hold real “value” by traders, users, and enthusiasts alike. Otherwise without being able to trade bitcoin for other currencies, a bitcoin or any cryptocurrency value would be difficult to determine outside of its ecosystem. A merchant dealing primarily in dollars would not want to receive a bitcoin payment without an exchange in which to receive dollars. This ability to swap cryptocurrency for fiat currency ironically supports the bitcoin ecosystem. And as a meta-exchange (cross-exchange trading) Crypto Street will be able to leverage existing volume at other exchanges and thus contribute to price normalization which has plagued the crypto universe. Increased price normalization can contribute to cryptos as a viable medium of currency.
“…To Anyone. From Anywhere.” Bitcoins work where Paypal and other payment services leave off. It is incredibly difficult to send a tiny payment to a child in Zimbabwe to eat lunch that day. Cryptocurrency makes this possible and Crypto Street supports the value of the payment sent. Send payments to anyone from anyone, not just people with credit cards paying others with bank accounts. Pament services are fickle at best and take time to set up and get approved. Paypal is famous for its lack of customer service and expedience when it comes to banning accounts for completely silly reasons. Our CEO has been banned from Paypal for risk purposes and he’s the nicest guy alive.
“…Just Because” While both memorable and cute in vernacular, this line rings true with a major tenet of why cryptocurrency was invented. It makes possible the future ability to make and receive payments for any reason. Want to tip a journalist for a well-written article? Done. Want to anonymously donate to a charity? How about throwing a few bitcents to the street artist whose intriguing wall murals lift your spirits on your way to work, or a musician? Can be done. Want to shell out some satoshis to pass drivers on the highway in a traffic jam? Interesting idea! Or give to the random guy who held the cafe door open for you with a smile, just because? Yes, the future is fascinating and Crypto Street will play a major role in shaping it.
This article is originally posted at The Crypto Street Journal - http://journal.crypto.st/mission-statement-analysis/ Thanks for providing feedback on our Mission :-)
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From Bitcoin Wiki. Jump to: navigation, search. Dwolla is an e-commerce business allowing payments and money transfers to be made through the Internet. A Dwolla account can be funded with electronic debits from a bank account or by receiving a money transfer from another Dwolla member. Funds in a Dwolla account can be withdrawn to a bank account or by sending a money transfer to another Dwolla ... Dwolla - Bitcoin Wiki; Dwolla - Bitcoin; Dwolla Being Sued by Bitcoiners for $2 M. Observer; Coinbase – Buy & Sell Bitcoin, Ethereum, and more with trust; Dwolla Docs Plaid [USA-MD] [H] High End PC (6700K, GTX1080, 16GB 3200MHz), 6700K, 2x8GB 3200 14-14-14-34, ARRIS SB6183, iTrack Solo, V67 Mic [W] Local Cash, Dwolla, Bitcoin, GW. TIMESTAMPS Not accepting Paypal Goods and Services for these ... Dwolla is an e-commerce business allowing payments and money transfers to be made through the Internet.. A Dwolla account can be funded with electronic debits from a bank account or by receiving a money transfer from another Dwolla member. Funds in a Dwolla account can be withdrawn to a bank account or by sending a money transfer to another Dwolla member. Bitcoin ist eine dezentralisierte Krypto-Währung erfunden durch den Programmierer Satoshi Nakamoto, welcher auch den Original Bitcoin Client erschuf. Es erlaubt anonymen und sicheren Besitz von Bitcoins, ohne auf einen zentralen Server angewiesen zu sein um Transaktionen durchführen zu können oder ein "Konto" aufzubewahren. Bitcoin-Auszahlung ist der Verkaufsprozess von Bitcoin-Kryptowährung für die Fiat-Währung. Es wird über Devisenmärkte oder Tauschdienste abgewickelt. Das Hauptproblem der Bitcoin-Besitzer sind die Bitcoin-Steuern bei Transaktionen mit Kryptowährungen.

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