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army1987 comments on Rationalists Are Less Credulous But Better At Taking Ideas Seriously - Less Wrong
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You can easily sell Bitcoins for US dollars on mtgox.com, but after mid-2013 you need a verified account (which IIRC requires sending them proof of residence) to transfer them to your bank account, which is a heck of a trivial inconvenience. (For all I know there might be an easier way, though.)
I heard other exchanges, e.g., BitStamp don't have this problem.