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1NS5Bj6PDKc7P59q9XoJEGiBgeyfXh6q8j
Thanks
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i'm also interested in a completed product, only.
but at no more than 0.5 btc per unit
+1 |
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This comes by way of someone close to Bitcoin discussions in Washington, DC. Apparently, FinCEN agents are looking for members of the Bitcoin community to form a self-regulatory organization with voluntary approval procedures to work with financial regulators.
If anyone at the Bitcoin Foundation sees this post, I would be willing to serve with such an organization.
Fuck Washington, DC. Fuck FinCEN. Fuck Bitcoin Foundation. So long as one is not subject to US jurisdiction, this sentiment is a matter of personal taste. However, if one transacts with Americans and especially if one resides within the USA, this sentiment can lead to unfortunate consequences, unless one has closed all of one's bank and credit card accounts. Obviously, Bitcoin per se is beyond direct regulation, and all the regulation talk is about the USD/Bitcoin interface. However, until we can pay for food, clothing, housing, etc. directly with Bitcoin—and I do not mean using Bitcoin to buy Gyft cards, as wonderful a development as that is—we will not escape that interface, if we want to integrate Bitcoin into our financial lives. One day, perhaps, but not today. FinCEN, the Fed, the US Treasury, FATF, et al. are notoriously jealous of their legacy system, as profoundly broken as it is, and if we insist on using it, then we will be subject to their regulations and statutes. I'm not suggesting that this is a good thing. What do the individuals who bluster impotently on these discussion boards think that they are achieving? Waggling one's little bottom at Sauron does not make the Forces of Darkness quake in fear. It makes the community look like a pack of snot-nosed little punks. Real revolutionaries embrace disruptive engineering, entrepreneurship, and entertainment. Rather than fling boogers at men with guns, badges, drones, and warrantless wiretaps, we should be spending our efforts developing P2P exchange networks, real financial services (including car loans and mortgages), full-service retail outlets (for food, clothing, and other consumer goods), and large-scale outreach initiatives to get the masses on our side. Until then, and as long as Mt. Gox 'suffers a DDOS attack' every time someone refreshes its website more than twice in a minute, bluster makes us look silly. +1 |
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This thread should be a sticky in the newb section on what not to do with a link pointing to the newb readme sticky
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It would be nice if this were on BTCT.
+1 An application has been submitted.  If the application goes through will you sell shares at IPO price at BTCT? Yes, assuming it gets approved somewhat quickly. If it does get approved what are your recomendations for transfer? |
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where is the buy more option?
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To me they are saying: a) the creation of AND THEN the transmission of virtual currency. ANDb) the acceptance of virtual currency. Therefore (to me at least), no one will be able to accept a payment in BTC* nor will they be able to send BTC* as a payment without having a money transmission lic. The problem with Bitcoin mining comes in with the FinCEN guidance that claims:
A person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter. But the rules that govern FinCEN state:
… The term “money transmission services” means the acceptance of currency, funds, or other value that substitutes for currency from one person and the transmission of currency, funds, or other value that substitutes for currency to another location or person by any means. … * or any other virtual currency for that matter. |
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Glad to hear it! FinCEN's recent guidance seems to give a clear answer on this, but there's no reason not to get something more specific. I'm interested in the result.
I don't understand what you mean by saying FinCEN gave a clear answer. Where is that clear answer? There is a statement claiming miners are money transmitters but I don't see where they reconcile this claim with the actual definition of a money transmitter which says money transmission is: person A >> Monet Transmitter >> person B FinCEN's answer was clear, as you noted: miners are money transmitters. Also as you noted, its definition of money transmitter doesn't seem to comport with the typical definition of a money transmitter. That's precisely why I'd be glad to hear their specific reasoning. Someone commented on the blog that they think that provision was aimed at Bitcoin developers. Sounds to me like they are aiming at miners and trying to cut this thing off at the throat as it were, they want their tax dollars! |
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Finally a competitive offering for mid term investment. Thanks.
I hope you won't make the same mistake as picostocks issuer, who put into market more shares at half the market price without advice because the price was going too high. Let people know about your plans.
They also have TAT.ASICMINER shares as well fyi |
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So then why are you using Tor?
Because I don't like the government SPYING on me and collecting taxes. Your serious here? You actually believe that using TOR is going to keep them from watching you? Ok, let's say that they cannot decrypt what your saying, fair enough, but your still putting up a huge banner that says look at me i am hiding something over here! |
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What is odd, is if you examine the timely postings, they are like 20-40 seconds off from each other. As if he opened up a tab for every reply, and hit submit one after another after written inside the post reply box. 05:18:33
05:18:08
05:17:46
05:17:07
Possible bot? |
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I'm pretty sure this is against TOS
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Congrats. Haven't smoked and not planning to. Seems like pretty big waste of money, health and time to even consider such option. Hold on and don't give up.
Thank you! |
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And it wasn't easy
I wasted a week on a failed wire transfer from BoA to mtgox.
Then I wasted another week transferring money to Dwolla only to find out bitinstant dropped support.
So then I tried the cash to bitinstant thing (with much trepidation) and that finally worked
I have to believe that once it becomes easier to buy bitcoins in the US the price is going to go way up. Also this whole experience has emphasized the value of decentralized crypto-currency. The wire transfer was 45 freaking dollars and 5 business days (which didn't even WORK - no refund) and the dwolla transfer was cheap but 4 business days and the moneygram thing was quick but another 50 dollars or so of fees. Once I got the bitcoins it cost 6 cents and about 10 minutes to transfer that money back to my offline wallet. Nice.
Over those two weeks I saw bitcoin go from 150 to 266, down to 50 and now back to 150. What a ride but here I am now, bitcoin owner and ready to take over the world!
Congrats, have you tried coinbase, transaction went very smooth for me, have to wait for ACH but they are US based and VC funded which for me, limits my trepidation. |
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Would you consider a LiteCoin Java Miner when BTC difficulty goes through the roof?
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I heard a yogi once and he said very wise thing: "It is not drugs that are bad - the are neither good or bad by their nature. The bad thing is human attachment to them." Congratulation man Thanks! |
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Regarding the IPO, can we pre-purchase x shares @ the IPO price? Or will this open and then we will get filled at whatever price it opens at?
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