From the Government report: 3.3 Almost all respondents to the call for information commented that digital currencies can offer a degree of anonymity to users, and that this factor could be a driver of criminal activity. Contributions also noted that the use of specific digital currencies, and anonymising services can increase the degree of user anonymity. However, stakeholders diverged in their assessment of the overall significance of the risks here. Some banks and payment scheme companies characterised digital currencies as anonymous and untraceable, but many of the submissions from users, digital currency firms and consultancies challenged this view and termed the technology ‘pseudonymous’ rather than anonymous. They noted that the publically visible ledger (or blockchain) of historical transactions makes digital currency payments less opaque than traditional payment methods, especially cash. Stakeholders saw that this ledger of historical transactions could potentially prove helpful for regulators and law enforcement.
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Interesting times... http://www.coindesk.com/breaking-uk-treasury-issues-landmark-digital-currencies-report/BREAKING: UK's Plans to Regulate Bitcoin Revealed in Treasury Report
The United Kingdom's Treasury has published its report on digital currencies in conjunction with the Chancellor of the Exchequer's budget speech today.
The report recommends that anti-money laundering regulation be applied to digital currency exchanges in the UK and that HM Treasury will consult on the regulatory approach in Parliament.
The government will also work with the British Standards Institute and the digital currency industry to develop a "best practice" framework for consumer protection, according to the report. https://www.gov.uk/government/consultations/digital-currencies-call-for-information the government intends to apply anti-money laundering regulation to digital currency exchanges in the UK, to support innovation and prevent criminal use. The government will formally consult on the proposed regulatory approach early in the next Parliament
the government will work with BSI (British Standards Institution) and the digital currency industry to develop voluntary standards for consumer protection
the government is launching a new research initiative which will bring together the Research Councils, Alan Turing Institute and Digital Catapult with industry in order to address the research opportunities and challenges for digital currency technology, and will increase research funding in this area by £10 million to support this
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Bitcoin regulations incoming in the UK. Interesting times: http://www.coindesk.com/breaking-uk-treasury-issues-landmark-digital-currencies-report/The United Kingdom's Treasury has published its report on digital currencies in conjunction with the Chancellor of the Exchequer's budget speech today.
The report recommends that anti-money laundering regulation be applied to digital currency exchanges in the UK and that HM Treasury will consult on the regulatory approach in Parliament. From the report: 3.3 Almost all respondents to the call for information commented that digital currencies can offer a degree of anonymity to users, and that this factor could be a driver of criminal activity. Contributions also noted that the use of specific digital currencies, and anonymising services can increase the degree of user anonymity. However, stakeholders diverged in their assessment of the overall significance of the risks here. Some banks and payment scheme companies characterised digital currencies as anonymous and untraceable, but many of the submissions from users, digital currency firms and consultancies challenged this view and termed the technology ‘pseudonymous’ rather than anonymous. They noted that the publically visible ledger (or blockchain) of historical transactions makes digital currency payments less opaque than traditional payment methods, especially cash. Stakeholders saw that this ledger of historical transactions could potentially prove helpful for regulators and law enforcement.
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http://www.coindesk.com/breaking-uk-treasury-issues-landmark-digital-currencies-report/The United Kingdom's Treasury has published its report on digital currencies in conjunction with the Chancellor of the Exchequer's budget speech today.
The report recommends that anti-money laundering regulation be applied to digital currency exchanges in the UK and that HM Treasury will consult on the regulatory approach in Parliament. Regulations incoming.
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Gold Coins are implemented in the Char DB /GOLD_COINS tab
The Most Ancient Grand Hotel CorporationThe Grand Hotel Corporation minted 15 special coins in 1600 to commemorate the coming of the new age. The registered stock holders at the time of the minting are gifted 1 each of these precious coins as a thank you to support over the years. HG The Bishop HH The Duke of New Liberty Ale of Nassau Dame Roopatra, The Countess of HE The Prince of Soul HH The CEO, Prince of Forte Spagnolo HE The Prince of North Face Lord iluvbitcoins The Marquess of Tavastia Master Quentin MoonSir Heimo, The Earl of Sarajas Thud Lord noms One coin is also gifted to the original Architect of the buildings since he is no longer a current shareholder. His Majesty Thank you Prince of North Face. I will treasure it. Master QM
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Here's a little blast from the past for perspective. There was a time (for those who weren't around to remember it) when 0.0035 XMR/BTC was considered cheap coins. Instead buy because it is crazy cheap.
Me, I hit my limit for the week with a buy at 0035. Next week I may want more.
i was surprised to see my 0035 order filled overnight, feeling good waking up with 1000 more XMR Hehe, yes. I remember when a crash prevention team was trying to defend 0.004 against dumping. We'll get back there soon enough.
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XMR is about to pass NMC's market cap. Passing PPC is also possible in the near-term. It should raise some eyebrows and increase XMR's visibility.
I think the big awareness point in market cap terms is 8 figures in USD. Passing PPC would put XMR well on the way. :-)
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I mine with a single quadcore CPU and Radeon 7970 - probably generates 1 XMR every 2 days and costs me more than it would to buy them. Just like running SETI@Home or other distributed computing projects, not all actions need be profit motivated although I acknowledge that the network effects are significantly higher for those that are.
Very similar to my position. Mining for the future; not today.
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To me the rally is due to the fact that there is very little people willing to sell at current prices. Many, including me, are still underwater and we do not intend to sell at loss nor even profits that represent peanuts. I am personally willing to see how this saga ends. Will I become a millionaire or will I continue poorer than I would be if I would not invested into this.
I am up in BTC terms and breaking even in fiat now. My XMR are not for sale anywhere near these prices - none on an exchange.
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This is one of the biggest days I can remember on Polo. 750+ BTC buy orders 620+ BTC Vol +50 %
You need to look at this. We are a long way a way from the all time high of this coin. Even at current pump price it is still undervalued. I am fully aware of the graphs, thanks. I started buying in June 2014, under 0.002. There were a few big days shortly after that, when the ATH was reached, but not many.
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I've acquired more the last couple of weeks nearly doubling my stash. I have a tech question for you guys though. How much memory is required for monerod.exe not having to use VM from the hdd? It seems that 8Gb is not enough... Could someone share the knowledge?
Thanks
On GNU/Linux (Kubuntu 14.04) bitmonerod takes 6,263,272 K so 8GB should be enough barely. On Win 8.1, bitmonerod is using 5850 MB on my system at the moment.
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Thank god the "bit" part was removed from Monero near the launch. I think Monero has the best name out of all the currencies both crypto and government based, and that extra "bit" part was just eww.
Monero is indeed a great name choice. Not bitX, not darkX, not Xcoin. It sounds like a real currency.
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I meant it this way: if DarkCoin crashes now to (basically) zero.
We have to give up (todays long-term) sub-goals like: - getting to 50% DarkCoin marketcap - getting to 66% DarkCoin marketcap - getting to 80% DarkCoin marketcap - getting to 100% DarkCoin marketcap
Because they wont matter anymore. We would need to find new goals/target marks.
LTC? Or BTC?
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Monero is being pumped at the moment, trade carefully
The 'pump' started when Evan decided to rename DRK to Dash IMHO.
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This is one of the biggest days I can remember on Polo. 750+ BTC buy orders 620+ BTC Vol +50 %
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Any reason for the price increase?
A Dash to quality.
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Hello, I went to run Lightwallet today, and it can't get a connection with the default daemon ip. It seems coolmining club has closed: http://monero.coolmining.club/This pool is closed, not enough miners who are dumb enough to concentrate hashrate on 2 or 3 big pools. Too stupid and too bad. I would like to thank all the miners who supported this pool so far, i can count them on my left hand UPDATE: I switched over to localhost in the config file, and fired up bitmonerod, and it has synced up fine now.
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