For the hot chicks.
Good luck with that!  sane straight sexy single, pick 3 only. This applies to both men and women. |
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BEHOLD The Glorious Emancipator of the People. The Bitcoin is here!
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Just a reminder since they've come back only offering PPS so far: If they haven't paid back user funds because they can't, that also means they don't have an adequate buffer to actually prevent the pool from going bankrupt on PPS.
Yup. I remember a time when notroll.in had no money left and on every block found everyone had to race to the payout button. |
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Can foreign exchange shops do bitcoin exchanging on the side?
Anyone can do Bitcoin exchanging if they're in compliance with local law. So that's perfect then isn't it? Legal forex shop operators already have the relevant licenses for trading currencies. I seem to remember whenever I go into forex shops the sales are done in cash.... Trading and exchanging are two different things. In the US forex traders, the individuals, need to be registered with NFA, CFTC and the SEC. That would mean every Bitcoin user would need to register. Bitcoin would also need to be legally considered currency but currently it's not. Well, bitcoin is either a currency or a commodity (I would say both). So if it is legally a currency, forex shops can buy and sell it to customers. If it is not, then forex shops can sell and refund it like a gift voucher, sales tax/VAT applies. Of course, it could become a currency that is illegal to trade, or a contraband, but it is not yet. It would be hard for me to believe we could come up with a loophole that the government couldn't close with a quick sweep of a pen. I agree. I just don't see how they can do it without making random persecutions or making random laws that have other serious repercussions, like making cryptography illegal, or banning bartering altogether, or requiring trading to be carried out strictly in legal tender, i.e. no more gift vouchers. |
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Can foreign exchange shops do bitcoin exchanging on the side?
Anyone can do Bitcoin exchanging if they're in compliance with local law. So that's perfect then isn't it? Legal forex shop operators already have the relevant licenses for trading currencies. I seem to remember whenever I go into forex shops the sales are done in cash.... Trading and exchanging are two different things. In the US forex traders, the individuals, need to be registered with NFA, CFTC and the SEC. That would mean every Bitcoin user would need to register. Bitcoin would also need to be legally considered currency but currently it's not. Well, bitcoin is either a currency or a commodity (I would say both). So if it is legally a currency, forex shops can buy and sell it to customers. If it is not, then forex shops can sell and refund it like a gift voucher, sales tax/VAT applies. Of course, it could become a currency that is illegal to trade, or a contraband, but it is not yet. |
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Also, most casinos sell chips for cash and pays cash for chips. (Where gambling is legal) If a casino offers to take bitcoins for chips and payouts in bitcoins on redeeming chips, then we have a way for fiat to enter and exit the cryptocurrencies market.
It doesn't have to be bitcoin they exchange for redeemed chips, it could be a casino alt-coin "for use on their online games", which could be exchanged for bitcoins on an online exchange.
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Can foreign exchange shops do bitcoin exchanging on the side?
Anyone can do Bitcoin exchanging if they're in compliance with local law. So that's perfect then isn't it? Legal forex shop operators already have the relevant licenses for trading currencies. I seem to remember whenever I go into forex shops the sales are done in cash.... |
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Can foreign exchange shops do bitcoin exchanging on the side?
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How will this affect me in the UK?If it even happens in the UK?As I'm rather concerned about losing all my money in the bank now.If it's going to happen which countries are safe from this scheme where you lose some money to pay off the national debts?I just want to find a safe place to put my money in (paid all dues so no issue of tax avoidance/evasion in my case)
Basically most of the Western banking laws have just been recently changed to accommodate "bail-in" solutions instead of govt. rescues. Read your banking fine print and you may have to go to govt. legal scholars to get the exact state of play such is the thicket that has been created. There are all kinds of considerations like secured note debt holders, unsecured notes, convertible notes, preferential debt obligations, etc, etc ... what it means is that bank depositors have now been placed at the end of a very long queue of people with their hand out when a banking collapse comes along. Rule of thumb, as a depositor you should now view any money deposited in the bank as belonging to the bank, you do NOT have ownership, or possession, of that money any longer. As I understand it, the first £85000 deposit per person per bank regulated in the UK are protected by the Financial Services Compensation Scheme. This is government backed and is like an insurance in case banks collapse. I guess if the worst case do come, the UK will be able to print enough to pay everyone back their deposit. |
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They don't even have the date set correctly. If you look at the posted date for the news update, it says 19.12.14 08:12:22, so this is future news. I need to fix my time machine and kill Brian.....
Kill Brian??? maybe this is an 'in-joke'? I think I missed the punch line.... Regards Brian (yes really it is my name).... I think he was referring to Family Guy's Brian. |
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They don't even have the date set correctly. If you look at the posted date for the news update, it says 19.12.14 08:12:22, so this is future news. I need to fix my time machine and kill Brian.....
uh... that's today. GMT is now 14:48. It says the Year is 2014 Fxxx...! Sorry my bad. |
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They don't even have the date set correctly. If you look at the posted date for the news update, it says 19.12.14 08:12:22, so this is future news. I need to fix my time machine and kill Brian.....
uh... that's today. GMT is now 14:48. |
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Confirmed. It's 0 for me too.
Missing BTC1.22 here,
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Well and I am here to tell you that bitcoin cant work and thus WILL crash. You haven't got the slightest clue what you're talking about. You do realise that Bitcoin is a technology, and not a financial market right? Bitcoin doesn't "crash". The exchange rate does and that's because it's a currency speculation market. Big whoop. Ah but it could "crash". If there exists a bug in the block relay code that on processing a given block configuration somehow causes access to unallocated memory after relaying, the majority of the network would segfault. Not that this would ever happen, but it would be hilarious. |
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sell everything go in debt as far as you can go buy as many coins as you can,,, Then go to a crazy house saying you are a Trillionaire and you own the planet, just keep repeating until they drug you to a coma for 4 years. After its 100mil a coin have someone tell you the new price and stand up and say see i told you I owned the planet! Check yourself out!
Never fake a mental disorder because you are never faking it. The act of faking a mental disorder is a symptom of a mental disorder. (psychopathy) Here is a ted talk on a criminal who got stuck in a mental asylum. http://www.youtube.com/watch?v=xYemnKEKx0c |
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Have you ever noticed that broken watches* are never completely broken? They still manage to tell the correct time twice a day without moving a hand.
* excluding digital watches.
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Yes, I wish people would stop resurrecting old threads.  |
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Bitstamp: $4527.42 @ 31-12-2014 23:59:59
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