So, basically, China uncertainty continues and it's going to bite us again. WOnderful.
And i'm going to laugh my a* out when some real inquires about exchanges in china will show that they do only 10% of the trades they show and the rest are numbers pullet out of their a*. I have doubted their volumes since last November and I still doubt they don't inflate those numbers artificially by x5 or x10. http://ytchannelembed.com/video.php?id=2M12zzwNkCo&t=#.Uz15q1dMifQFrom 12:30 onwards, Bobby gives his very candid view.
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I could not find the cost of it mentioned anywhere on bitcointrezor.com. Can someone please point out what I am missing ?
They still need to fulfill early 'classic' orders, before general release. Many weeks away by all accounts.
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Whoever that is, talking Nxt on LTB, should do it more. One of the more confident and concise explanations ive heard, and more so considering the non coder/dev background. Will certainly appeal to a non tech/crypto background audience. http://letstalkbitcoin.com/e97-down-in-texas/#.UzwNkFdMifQ (starts 44:50)
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Can someone post an updated long-term log chart with the mean line going through it?
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How do you know it is Robby who begun the counterparty? Is there any proof of you just know? Do you have actual proof the Earth is round? ...or do you just ' know'? What is ' proof'? I am not debating with you. It's a honest question. Btw, there're a lot of beautiful photos of our Mother Earth. Lots of 'proof of work' also, in the shape of $T's of satellites that would not work very well, if this rock was another shape.
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So you do object? Well I'm sure it will come out sooner or later in the courts. If anyone is interested on joining we will be trying to freeze all of Garr personal assets in the near future and sue him for losses. As far as I understand it all of Cogs stuff is Garrs personal stuff (seems he never registered for a corporation like he said he would) so trying to move it to Canada is really not going to look to good but might buy you a bit of time to steal some more of our BTC. Sadly for simplicity only Americans are able to join at this point. If you were ever a "stock holder" and lost money because of this scam/fraud please contact me. Thanks. The Ace of Bitcoin, has just been played!
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PM sent.
Reserving 97, and 98.
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Please listen to James. Here is a chart I made using the top 7 Bitcoin exchanges. I pulled the data from bitcoincharts.com/markets. "BTC Sell order move price 10%" is the amount of BTC you would have to sell to drop the price 10% on that exchange. "BTC Buy order move price 10%" is the amount of BTC you would have to buy to raise the price 10% on that exchange. "USD Equivalent" is the USD equivalent of making those purchases and sales, and accounts for slippage. What this means is that with less than $10 million worth of trading action, you can immediately move the bitcoin price 10% and throw the markets into chaos. THIS IS WITH THE 800 POUND CRYPTO GORILLA: BITCOIN Bitcoin has a $7.3 billion market cap. Trading 0.14% of Bitcoin's total market cap will cause havoc.$10 million is peanuts to big financial interests.Big money will not touch NXT for trading commodities. Do the math!Thank you for the support. (and buybitcoinscanada and brooklyn) However it seems that a lot of people here simply want a 1.0 coin and not a platform. I get the feeling that everytime I come up with a cool new feature, a lot of people will get upset and I am not sure what to do. With NXT I can do almost anything and I am in the process of designing a set of features that will put NXT so far ahead of all the other cryptos, but now I am having second thoughts. Why bother. It will probably just get shouted down because nobody has ever done it before, or it will "kill NXT" by some magical illogical means. But that is what I do. I come up with stuff nobody has ever done before that the MARKET wants. It is a combined tech/marketing thing that I have the knack for. Probably because I have done a lot of tech marketing and a lot of coding and a fair amount of trading. Kind of a unique combination. Remember when I said I wanted to do a gateway. Yawns, boredem. Centralized, yada, yada. Well I thought I could make a gateway that was a cut above the centralized exchanges and after an incredibly long period of four weeks I am close to a beta release of a fragmented automated multisig gateway. To my defense, I have been sidetracked for a significant part of that time simply defending myself from attacks. I did also release the "coin that shall not be named". Not sure if anybody ever said it couldnt be done, but people wanted a way to reinforce forging and it solves that. Now I am writing all this software. Some of it will require support in the NXT core, most of it wont. I think I will simply stop posting any details about anything. There is no point when math gets debated. I just see math where others see, I dont know what. Every time this sort of thing happens, I lose the positive state of mind that is needed for this type of cutting edge work. I cannot keep fighting over each and every feature that i need to support what I am doing. I am not asking for NXT AE to be changed to be denominated in NXT. I am just asking for the ability to be able to have the option to denominate trades in some other asset. Certainly with the neanderthal mindset that nodecoin will somehow kill NXT, doing anything like this will certainly put a stake through its heart. Here is the plan. I will make a short list of things that I need to implement what I am working on, it will be something like: 1. comment field in asset transfer (this I need to 100% correlate gateway deposit transfers to deposits) I hope this wont cause NXT to explode too. 2. Fractional assets 3. the ability to denominate AE trades in other assets 4. some special NXT acct to be used for mixing and/or NXTcash, needs a little support in the core, not much 5. tbd. probably a few more small changes, not sure yet as I am still not done with the full design Am I asking for too much? Unlike most people, I am working night and day on NXT. I am writing a lot of code. I am adding features to NXT that no other crypto has. I have not disclosed all the features it will have as I have not been very encouraged by the reception so far of what I thought was noncontroversial features. It must be so easy to complain about everything. I try to be positive. I try to stay focused. While what I am doing is not exactly what BCNext envisioned, I believe it is in the same spirit and I am trying to complete as much of the feature checklist as I can, as fast as I can. Please start a poll on whether you want NXT to be a platform or a 1.0 type of coin or some magical mystical fairytale impossibility. I can do platform, you dont need me for 1.0 type coin, the last one is beyond me. James Maybe thats the limits of these threads and forums. Considering the majority of the readers here do not code/program, theres limited positive input you should expect back. Do you actually need to debate? Is it really a necessary function for you to seek absolute engagement, to produce what you envisage? I think at this stage, many people will respect a "this is what ive produced, take it or leave it". If you are disallusioned, theres not much hope, for the people struggling to follow this development.
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so i was thinking. perhaps one way that i could avoid running afoul of the law on my nxt silver bullion gateway is to emulate a dry cleaners. dry cleaners take in cloths, issue a claim check for those cloths, alter the state of the cloths, and then return them in exchange for the claim check. for some reason unknown to me this claim check is not considered a "security" under financial regulations. Technically it should be, you can leave your cloths at the dry cleaner for an extended period of time and then sell the claim check to someone else and then that person can use the claim check to acquire your cloths, the dry cleaner claim check is a security in every sense of the word but legally it just isn't. So what ever the reason for that is, which i dont know, i can use it to my advantage by emulating that business to a t.
so lets imagine that i am a silver dry cleaners and the melting of silver shot into a bar is the analogue of dry cleaning the cloths, the silver shot is the dirty cloths, and the silver bar is the clean cloths. You buy 10 ounces of silver shot from some online retailer and set the address for delivery as a POBox of my specification. You then use your nxt address to sign the tracking number of the order and send me enough nxt to pay for the "cleaning". The "dirty" silver arrives at my shop and I issue you a claim check. After enough time has passed for me to "clean" the silver that claim check will become redeemable for silver that is now in the form of a bar. From that point on if other people want to trade that claim check amongst each other than thats none of my business. If there are legal ramifications than the onus is on them, it has nothing to do with me.
the nice thing is that there will still be a market for my claim checks but i will never under any circumstances be one of the sellers in that market. so if you want to acquire physical silver than the process will be no more complex for you. you will simply buy one of these claim checks on the market from someone other than me and then reimburse it at my nxt address. The people who deal with ordering silver shot and shipping it to my po box will be in a sense speculators trying to take advantage of arbitrage and for that service they will be affording me a level of legal protection.
one would think that since now there is a new middle man between me and the consumer that this would cause the price to be higher but i dont think this is necessarily the case because there is an advantage to be gained from outsourcing the acquisition of silver shot, a large group of people competing with each other to find cheaper supplies than the other will probably be much more effective at acquiring cheap silver shot than i could be on my own.
tell me what you guys think.
The analogy with the dry cleaners and talking about 'dirty silver', will make some people chuckle. In the UK dry cleaners are sometimes called, launderettes. Anon, what specific reg or law are you concerned with? im worried about failing into the bailiwick of either the cftc or the sec and being subject to regulations requiring financial licensing bondage and insurance. i dont know specifically what the regulations are that i may be transgressing. i couldn't tell you what book to look in and what page to look on. sorry. In not in the US, so not much empathy and understanding of regs and laws here, but I really dont see a huge problem, considering the initial amounts involved here. If it was me, i would incorporate a standard retail company solely for this purpose so as to ring-fence potential problems down the road. I know that sounds flippant, but its baffling sometimes for non-US peeps to understand how much time and energy the US uses up, worrying about what or what not, the authorities can or cant do. I appreciate its better to be informed and ready, but would you really expect to appear on a bad-actor radar, as a new company turning over $20000 in the first year? Just do it.
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After speaking to someone in the know but who wouldn't divulge much, I am now convinced that Ukyo is being investigated along with others by the U.S. SEC and was forced to withhold people's funds and not talk about it until the investigation is complete. I further speculate that it is the same investigation into Satoshi Dice that is coming to light.
P.s. If you don't fully understand english and can't see the words "I am now convinced" and "further speculate", don't reply saying "this is bullshit" and look like a moron. I never said it is true, I am only sharing my current belief.
And around we go.
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so i was thinking. perhaps one way that i could avoid running afoul of the law on my nxt silver bullion gateway is to emulate a dry cleaners. dry cleaners take in cloths, issue a claim check for those cloths, alter the state of the cloths, and then return them in exchange for the claim check. for some reason unknown to me this claim check is not considered a "security" under financial regulations. Technically it should be, you can leave your cloths at the dry cleaner for an extended period of time and then sell the claim check to someone else and then that person can use the claim check to acquire your cloths, the dry cleaner claim check is a security in every sense of the word but legally it just isn't. So what ever the reason for that is, which i dont know, i can use it to my advantage by emulating that business to a t.
so lets imagine that i am a silver dry cleaners and the melting of silver shot into a bar is the analogue of dry cleaning the cloths, the silver shot is the dirty cloths, and the silver bar is the clean cloths. You buy 10 ounces of silver shot from some online retailer and set the address for delivery as a POBox of my specification. You then use your nxt address to sign the tracking number of the order and send me enough nxt to pay for the "cleaning". The "dirty" silver arrives at my shop and I issue you a claim check. After enough time has passed for me to "clean" the silver that claim check will become redeemable for silver that is now in the form of a bar. From that point on if other people want to trade that claim check amongst each other than thats none of my business. If there are legal ramifications than the onus is on them, it has nothing to do with me.
the nice thing is that there will still be a market for my claim checks but i will never under any circumstances be one of the sellers in that market. so if you want to acquire physical silver than the process will be no more complex for you. you will simply buy one of these claim checks on the market from someone other than me and then reimburse it at my nxt address. The people who deal with ordering silver shot and shipping it to my po box will be in a sense speculators trying to take advantage of arbitrage and for that service they will be affording me a level of legal protection.
one would think that since now there is a new middle man between me and the consumer that this would cause the price to be higher but i dont think this is necessarily the case because there is an advantage to be gained from outsourcing the acquisition of silver shot, a large group of people competing with each other to find cheaper supplies than the other will probably be much more effective at acquiring cheap silver shot than i could be on my own.
tell me what you guys think.
The analogy with the dry cleaners and talking about 'dirty silver', will make some people chuckle. In the UK dry cleaners are sometimes called, launderettes. Anon, what specific reg or law are you concerned with?
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Could someone recap exactly what happened with Ukyo and Bitfunder? I was around when BTCT closed, but didnt pay attention what happened to bitfunder. You can PM me if you would like to stay on topic to this thread.
Mysterious closure with multiple suspicious excuses given. 6% of users balances were available for withdraws Many think it has to do with the SEC but not confirmed similar to btct.co Danny of neobee(not affiliate with bitfunder other than using it to list his stock) decides to step in and reassure everyone that the funds were not stolen by ukyo. Not sure the motives behind this move but I think he thought it would be resolved quickly and inspire trust in neobee. But that wasn't the case as it has been about 5 months now with no progress. As i understand it, Danny also has personal funds to recover just like the rest of us. Whats not like the rest of us, is the contact and latest info, Danny may have.
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... Mpex is a pyramid scheme because it rewards "investors" 10btc for each new "investor" they recruit to pay 30btc registration fees.
MPEX is not being investigated, Eric is. MPEX is your obsession, not the SEC's. Frankly getting a bit tiresome. I agree. Weexchange/Bitfunder/Ukyo is more than enough to be dealing with, right now.
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I will fly to Dallas by this sunday ,and have a pointment with a lawyer by the following Monday. I think I need someone to gathering all people to against Ukyo, not only myself. However because I am not living USA, It is really costly for me to fly from London to Dallas again and over again.
Is there an update to this?
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