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I'm assuming the receiving entity also has to have an account with dwolla, or is at least instructed to create one to receive their $?
My red flag alarm is screaming right now. I hope they have some amazing fraud protection here.

It's way too easy to compromise a twitter account, I'd to have that attached to my bank account.

I'm unfortunately inclined to agree. While this opens up some amazing possibilities, there better be some strict limitations ($/transfer, $/day, email verification...)

The entire concept strikes me as one of those things that's trivial to implement technically but very difficult to do commercially.

More that it's way too hard to navigate twitter without giving some random app write permission to your account. Modifiable permissions would help a lot, but of course Dwolla can't do anything about that.
That too! Every one of those apps that has write access to one's timeline can now send money wherever.
To your friends in the USA. As Dwolla is USA only.
I really like stuff that creatively combines two worlds for sake of simplicity. Not sure if this particular one is going to take off (security/fraud concerns etc.), but I do think that these combinations are all blips on the way to an inevitable, universal, and simple system that lets people take any number of actions without having to context switch (e.g. telling your mobile device to send money to a friend, make a dinner reservation, and share that you paid back your friend and are going to dinner).

Sucks that we have to wait for it.