yep and IMF looks suitably pissed off too.

I am a bit surprised that you plan to cool 32amps/120V in a 4U case. Care to comment on that?

A company run by bums and ignoring laws can get some headway but yep problems with banks would be the end of it eventually.

A company with proper financial backing that would not want to risk it all and be clearly unlawful would find it too difficult and expensive to run perhaps.

As the result no proper exchange in GBP space.

Slashdot is pretty much irrelevant these days

I guess red tape is too thick. This is why no viable UK based exchange. Treatment of VAT and FSA licensing probably throwing the spanners in the works.

40% headchop and capital controls could mean a death of some companies if they are caught by this.

https://en.bitcoin.it/wiki/Merchant_Howto

This is a good start. One could also avoid paying 1% to those payment processor and process transactions without them.


Note to self: when really bored create a free open source virtualbox image that replaces bitpay. But I would prefer that someone steals this idea.

Hey FF. Well pointing finger into the sky is something I love to do. Let's wait and see.

yes. https://bitcointalk.org/index.php?topic=157361

patent it

Do not worry. I'll keep 1 BTC for such an eventuality. Then the world economy can buy it from me use it to run itself.

as oakpacific said. It is not daytraders buying 1mil$ worth of BTC in one go just to dump it once macd or some goat entrails tells them to. There are folks that buying some BTC for a decade or two. They are driving this market.

Ohh and now they did not kick any cans down the road. They did not give them LOAN of 10b on condition that Cypriots suicide their economy for it.

I am perfectly fine with central bankers suddenly becoming prudent and allowing weak to die out. The point is. It is not what is happening. They will still maintain zombi banks all over but Cyprus.

Anyway, whatever they do it all comes crashing down in the end, they just have accelerated this process a bit by bullying Cyprus.

Isn't it exactly what they were doing all the time? Oh of course it was to save German and French banks not some tiny island nation.

On this board the bulls reserve the right to tease the bears. It is a loooong way to 10k$ We need something for entertainment while gox clears that backlog.

Looking at gox market depth. It seems that so far for this week (or today maybe) the plan is to break heavy resistance around 73-75, then all the way to 99 with a quick pit stop at 89.

True.

Apparently German votes demand that. So it could not have been helped.

I think the anger is pretty much about discrimination Cyprus has experiences and about their most important industry of Cyprus intentionally destroyed by eubullies while preserving their German and French own banks that  are equally insolvent.

But it is ok, it is only Russian mobsters who got haircut or more likely a headchop. So no biggie.

EU has intentionally destroyed the economy of Cyprus by refusing to create an extra 6 billion accounting entry in their computers. This is all.

Exactly what I said.

Once a sucker shows up and signs for a entry to be created on debit side of his or her balance sheet (loan/liability) banksters do a shaman dance and create it along with a corresponding entry on credit side of their balance sheet. This creates money and inflation.

After that whatever transaction are done wit that money it travels netween balance sheets of whatever entities and it changes nothing except sometimes generating some extra fees for banks in the process.

Eventually the sucker that asked for money to be created on debit side of his balance sheet defaults, money get destroyed (written off) on corresponding credit side of balance sheet of banksters. This is deflation. It is not big deal as another sucker will come for loan and there are fees and interest that was generated by money while it was in existence. Rinse and repeat.

The trick is to stop considering relationship a specific person and a specific bank but to look at it more generally. There are suckers and there is a parasitic cartel feeding on them.


This is basically our modern monetary system, everything else is smoke and mirrors.

Considering all the BS one need to suffer to get "approved" with MtGox, all those APOSTILED document they require... yea they are fine with FinCEN and their ilk most likely. It is quicker and easier to marry than to open an account with gox.