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1781  Bitcoin / Bitcoin Discussion / Re: Vladimir Club Junior Members on: February 10, 2014, 12:45:36 PM
some one just left self ejected at light speed from the vladimir club in rather spectacular fashion on btc-e never to enter again
1782  Economy / Service Discussion / Re: Bitcoin Exchange Mt. Gox Says Users Can Withdraw Cash as Normal on: February 10, 2014, 12:35:56 PM
Bitcoin exchange Mt. Gox said customers can take out cash “as normal” and it’s working to resolve technical issues that prompted it to halt withdrawals of the digital currency.

“It’s not about cash at all, only about Bitcoin,” Michael Keferl, a communications officer for Tokyo-based Mt. Gox, said in an interview today. “There is a problem in the way transactions are verified.”

Bitcoin prices fell on Feb. 7 after Mt. Gox issued a statement saying it stopped withdrawals because of the malfunction. The company plans to release a statement later today to explain the technical issue and when it will be resolved, Keferl said.

“We’re sending cash to people in Japan and around the world as normal. They can exchange coins into cash,” Keferl said in Tokyo. The Bitcoin withdrawal issue “will be fixed. It’s not like a structural problem.”

Read full article : http://www.bloomberg.com/news/2014-02-10/bitcoin-exchange-mt-gox-says-users-can-withdraw-cash-as-normal.html

yes they just became solvent again thanks to fud and some buy orders on BTC-e and other exchanges
1783  Economy / Service Discussion / gox, gox's again even when btc and fiat completely locked....bonus achievement. on: February 10, 2014, 12:10:24 PM
wow just wow

gox mangaged to gox even when not trading falsely blame protocol, imagine how many buys MK and friends had in before announcing this.....

Grant Max hits MK outta the park, no it's you crap implementation.


if this can not discipline the market to not listen to Gox in the future.

Bitcoin works for the whole world except Mt.Gox, who knew.


I cannot believe people even listen to Gox, and those that have/do, have just be punished badly.
1784  Economy / Service Discussion / Re: Good Guy Gox- we owe them some sort of apology? on: February 10, 2014, 12:01:09 PM
Well, considering all the gox-bashing that everyone has indulged in, we owe them a bit of an apology with this issue. It seems they may be really right and that this is a problem with the protocol that needs to be fixed. We should give them at least a couple kudos for figuring this out.

The market might have panicked (Good lord I wish I had buy orders at $200 on BTC-E!) but the bitcoin blockchain forking a few months back was a greater challenge then what we are facing right now. The current problem seems to affect the ability to track a transactions, which although is very important, does not at it's base invalidate the bitcoin blockchain itself.

So, thanks Gox, for figuring this out. People might be pissed at you for various reasons, but you're a good guy in my eyes.

um no this has been known about for ages, gox is just running a bad version and fudged the whole market, esp some idiot on btce.
1785  Bitcoin / Bitcoin Discussion / GOX blames bitcoin protocol no their own crap bespoke version =Greg Maxwell on: February 10, 2014, 11:55:15 AM
wow newbs and weak hands you just suffered THE GOX.....you have been Goxxed' was that really 100 on btc-e just then......


if mark karples had a buy in on btc-e just before he released he just became solvent again.
1786  Economy / Service Discussion / Re: New Mt Gox Press Release - Feb 10 - they are claiming flaw in bitcoin protocol ! on: February 10, 2014, 11:48:22 AM
so gox's latest ploy, blame bit coin, yet it work for everyone else you are just running you own bad software client thats not updated
1787  Bitcoin / Bitcoin Discussion / Re: Vladimir Club Junior Members on: February 10, 2014, 08:09:46 AM
vladimir club is 0.01% of whole number of coins or 1/10000 thus 21 mill/10000 = 2100

a mini vlad would be 210 coins, which right now I think most people don't have
1788  Bitcoin / Bitcoin Discussion / Re: Help me make a good spin off Apple ad? on: February 10, 2014, 06:03:21 AM
heres a graphic you can put in somewhere

https://bitcointalk.org/index.php?topic=457454.0
1789  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.5 Released! on: February 10, 2014, 03:10:59 AM
is the

Block 600,000+: 10,000 DogeCoin Reward

a lucky based reward as well?

how exactly does it work...

what is the estimated doge inflation rate per year given this ongoing block reward?


edit just found out

aprox 5e9 pa on a 100e9 base

so 5% inflation a year...thats quite large, given some doges will be lost say 3.5% per year inflation....I think that is to high, however I suppose as over the montery base the inflation does go to zero
1790  Economy / Speculation / Re: use the necro function on: February 10, 2014, 03:03:13 AM
another thing

email was at least understated from the perspective of what a post office does and how mail works, you send some one a message, which made email at least have something to compare to.

the masses can not comprehend that only gov's can back and issue currency, and by masses  i mean most of the "learned" economists etc.

we are still in the very early infancy of early adoption. e.g. if email was sorta available in 1985  to many,

it took until 1997 to get a lot of people on.

BTC will take much longer, at the beginning, so we are still in 1986~1987, ben though btc has been out for 4 years.

Paradoxically the innovation is much higher in BTC tech than almost another field at the moment I can think off, because money itself for the first time is literally one the table, take a peek in alts if you don't believe the shear furry around this, it like evolution on steroids, in a greenhouse, with every permutation killing every other as fast as possible......

I also predict that mining pressure will cause chips tech to improve far faster than in ell or samsung or anyone else of the majors can produce, and as a spin off we will get some new competitors in the processor fields or at least new tech a lot faster. (however pos or pos+pow may limit this if pos wins out and it appears PeerCoin is doing this vs BTC&LTC)


Thus while the initial adoption will be slower, the tail of the adoption will be much quicker.
1791  Alternate cryptocurrencies / Altcoin Discussion / Re: [SCAM ALERT] ***********EMUNIE - CAUTION ADVISED************* on: February 10, 2014, 12:37:53 AM
I'm not sure what point it is you're making here. Is it that there are no UK export restrictions on encrypted software if it's given away? If so, could you provide links. I would like to read this. This was brought up on the emunie forum and as far as I know never addressed fully.

In more general terms, you're entitled to your opinion and I thank you for sharing it here. My opinion is obviously otherwise regarding having to sign legally binding contracts with governments and trusting people to just walk away from those contracts when necessary (in terms of the claimed philosophical goals of emunie as opposed to making lots of money). This requires trust in the developer and his business partners that he won't give in when it gets rough (assuming he hasn't already). This has been my point right from the start.


regards,


eid

I value your views, I am just trying to get to the core of it.

Corps law, (for corporations) usual gives a set of legislation that corporations are run by, and these generally allow pretty diverse operations. Eg Corps often start of with replaceable rules or something similar

You don't sign legally biding contracts with the government, rather you aquire a suite of formalised protection from state interference as well as obligations. These obligations may what worries you. And yes they are there. Usually they are not that onerous, e.g., not trading insolvent, directors duties, tax requirements.

Corporations offer many benefits such as survivability from their foudners, separate legal personhood, e.g. a corporation is explicitly not Dan. They are separate at law. A mean to organise structures and hold formal accounts with various entities. Enforce rights etc.

Don't get me wrong corporations do lots of nasty things and bilk a lot of people, but also they don't make life easy for Govt's just look at all the tax apple is not paying by its ireland-holand set up. legally avoiding minimising billions in tax and theres not a thing USA/EU can do about it. This is also as an aside an interesting way in which money finds a way to transact at minim cost through arbitrage of jurisdictions.

If what I apprehend you are getting at it the  Govt has legally got its claws in and can make Dan do whatever now, I actually feel Dan is in a better position that when he was emunie did not have a company. Because Dan went public he was bound by inumeral laws and easily locatable.

This forces him to incorporate and emunie is in whatever it does is much better protected this way. Corperations have much more protection, perhaps the biggest being limited liability.

I respect your views however.

You've shown that I've been making assumptions regarding registered companies having extra obligations (by law) particularly in terms of export and how they carry out their business. I've realised I don't know whether this is true or not.
For instance, if there are export laws regarding encrypted software, do they apply to private persons, or just businesses. Probably both, but I honestly don't know. The same goes for when the government realise just what it is Dan is up to and the laws which will apply (or they will make up). Does it make a difference here? Again I don't know.
This being the case, I will edit my OP to reflect this (for now at least).

Lets try and look at what we do know about Ltd companies.

1) It will make things easier when dealing with other companies (e.g. buying advertising and funding Dan's round-the-world holi...err promotional tour).

2) It will allow Dan to pay salaries and bonuses to himself and the other shareholders/employees. (not sure about this. Does it give Dan a license/protection to divert funds or would he even need that?)

3)It will protect Dan from financial ruin if the project goes tits up.

That's all I can think of for now. Any additions/thoughts?

As you said, this is a necessary evil since Dan decided to be public. As I see it, this was a big mistake in the first place, and its the reason I feel the project was faulty from the ground up. "Dan Hughes" is the point of all centralisation (the person and the fact that I know the name in the first place).


Thanks for challenging my points; it's quite refreshing and it's made me think.

no probs, thanks for making me write cogently.

Your right there could be some type of laws on encryption by the UK/EU, I am not up on that aspect and if it will apply to emu. I think OS projects will get out into the wild regardless of this.

on 1) yes your right

2) If dan does do this, it will be the company that has to give out salaries, though not much turns on this if dan is has the directors power. Normal taxation will apply. In fact  companies often keep most of the profits themselves and buy things, then cast the use of those thing on beneficiaries this can be use full for effective tax minimisation.

3) it could, but there are still ways to get at directors. However it has given the government two targets instead of one, and a legit company is hard to take down (you have to wind it up and sell of assets to meet debts) this almost ensures that emu code base surveys inspire of anything Dan does, unless state seizes assets, but this is highly unlikely and the SC will be on GitH long before that I think, OB1 is out and can be recompiled so thats all ok (yea I know obfuscation). So good move.

I *think* what may have happened, is this was inevitable from day one, as we both agree, largely due to dan's public nature from day one.

We may not have realised this from day one, but put yourself in dans position for a moment and consider how you would likely do this as well.

Its no fun for Dan to go to this hassle and expense, lawyers documents, etc etc registration....its a lot of continuing paper work that almost anyone would rather not have.

I have had the advantage of undertaking business law (1&2) so have had to think about companies quite a bit. Essentially a company is a decision by the state to cast limited liability on a company and unlimited liability on the citizen when dealing with a company, and as a mechanism to organise capital. In that sense it de risks entrupenrial(sp)  endeavours and so encourage new forms of business. Its quite an efficient way on organising capital and labour. However what really gets interesting is holding companies, which drip feed subsidiaries with cash just enough to keep them going so this acts as a further barrier to liability. Another aspect is where you incorporate. Companies love certainty and freedom to make money. Thats why Delaware companies are popular (certainty, very good judicial bench, full of experts and quicker decisions) and city of London is good. UK Gov looks other way while companies Make , just capital raise for us(gov) when we need money. The Forex market in the Uk and AIM secondary market is a prime example of this, much less capital raising risk that other jurisdictions would frown upon. Companies are good way to influence the political landscape, because when one company gets a competitive advantage over another, the others have to adopt or buy out and apply the advantage (or try and kill it of or lobby govt to make illegal).



1792  Bitcoin / Bitcoin Discussion / Hi Apple, with love from Zombie Steve on: February 10, 2014, 12:13:37 AM

over 9000 hours in ms paint.
1793  Bitcoin / Bitcoin Discussion / Re: Everyone is a victim not just the Gox customers on: February 10, 2014, 12:00:02 AM
yawn

BTC/CC going to 2~21 T market cap in 5 years.

money solves teething problems....hodl.

all govs will cave when that much money is on the table, the corporations will demand it.

Apple does a fine job of legal tax minimisation, via Ireland then Holland.

BTC will do the same.

That is all

stop worrying your welcome.
1794  Alternate cryptocurrencies / Altcoin Discussion / Re: [SCAM ALERT] ***********EMUNIE - CAUTION ADVISED************* on: February 09, 2014, 12:09:25 PM
I'm not sure what point it is you're making here. Is it that there are no UK export restrictions on encrypted software if it's given away? If so, could you provide links. I would like to read this. This was brought up on the emunie forum and as far as I know never addressed fully.

In more general terms, you're entitled to your opinion and I thank you for sharing it here. My opinion is obviously otherwise regarding having to sign legally binding contracts with governments and trusting people to just walk away from those contracts when necessary (in terms of the claimed philosophical goals of emunie as opposed to making lots of money). This requires trust in the developer and his business partners that he won't give in when it gets rough (assuming he hasn't already). This has been my point right from the start.


regards,


eid

I value your views, I am just trying to get to the core of it.

Corps law, (for corporations) usual gives a set of legislation that corporations are run by, and these generally allow pretty diverse operations. Eg Corps often start of with replaceable rules or something similar

You don't sign legally biding contracts with the government, rather you aquire a suite of formalised protection from state interference as well as obligations. These obligations may what worries you. And yes they are there. Usually they are not that onerous, e.g., not trading insolvent, directors duties, tax requirements.

Corporations offer many benefits such as survivability from their foudners, separate legal personhood, e.g. a corporation is explicitly not Dan. They are separate at law. A mean to organise structures and hold formal accounts with various entities. Enforce rights etc.

Don't get me wrong corporations do lots of nasty things and bilk a lot of people, but also they don't make life easy for Govt's just look at all the tax apple is not paying by its ireland-holand set up. legally avoiding minimising billions in tax and theres not a thing USA/EU can do about it. This is also as an aside an interesting way in which money finds a way to transact at minim cost through arbitrage of jurisdictions.

If what I apprehend you are getting at it the  Govt has legally got its claws in and can make Dan do whatever now, I actually feel Dan is in a better position that when he was emunie did not have a company. Because Dan went public he was bound by inumeral laws and easily locatable.

This forces him to incorporate and emunie is in whatever it does is much better protected this way. Corperations have much more protection, perhaps the biggest being limited liability.

I respect your views however.
1795  Economy / Speculation / Re: MT GOX. potential update tomorrow. Thoughts on this and how it effects bitcoin? on: February 09, 2014, 11:51:17 AM
come on sheeple this is GOX

nothing will happen tomorrow.

remember the no fiat withdrawal, it never ended, now the kind of technical jam if thats what it really is isn't going to be solved in one day.
1796  Bitcoin / Bitcoin Discussion / Bitcoin/Payment Neutral Political Party on: February 09, 2014, 11:42:11 AM
Open letter to BTC and CC world.

We are interested in starting a bitcoin/crypt political party, with the a goal of making any debt payment neutral. We need a voice in the Political arena.

That is the vendor of the goods, property, services or asset may elect to receive payment in any form the parties to the transaction desire.

To some extent this may be currently true as share/gold/assets can be converted to say cash "legal tender" how ever such a stance goes further, by disallowing the exclusion of conversion to another from.

This would make it unlawful for a person to or entity to discriminate against you or not offer service because you choose to convert say one one form of wealth into bit coin. Eg Banks could not shut down your account just because you deal in bitcoin, in the same way they don't when you sell a property.

However the store of wealth in that other form, would not be protected in anyway by the state, e.g., if the BTC goes down vs fiat, or you wallet is stolen or the crypto is somehow hacked, the user wears it.

We are going to think this through in some detail, and shall consider taking donations at some point.

We open this thread to people to put in any policy or wording they may wish to see included on a platform.

However our initial views are we need a narrow focus, but a well thought out position on a range of areas. This may seem contradictory, but some extrapolations of BTC are too easily turned into scare mongering, but are in fact red herrings.

One large advantage is BTC/CC's gives us a fairly unique way to organise this, with regard to funding and internal voting of such a party.

the floor is now open to your suggestions.

1797  Bitcoin / Bitcoin Discussion / Re: New China Policies on: February 09, 2014, 04:01:03 AM
China will continue to block bitcoin as well as any similar exchange system. Policy changes following the change in government party control began about 1 year ago and additional major economic regulations are set to take place in one more year following the second year of a two year grace period, that is designed to prevent large sums of money being transferred out of China. This information is first hand from a good friend high in the Shanghai bank orginization, China is serious about the economic changes. The grace period was necessary to gain support among long standing party leaders and corporate executives. The new policies will put in place very strict economic accounting controls in an effort to stop any and all government corruption. Bitcoin and similar exchange systems are in direct opposition to China's new economic policies. Part of the change we have seen in the US is the improvement in real estate values. A big factor in this change is cash in the trillions of dollars flowing from wealthy Chinese investors into what is seen as a safe investment in the US markets.

Quote
China will continue to block bit coin

and how will they even do that.

bitcoin is unblock able until you turn your power stations off, and maybe not even then
1798  Economy / Speculation / Re: Big surge coming on: February 09, 2014, 02:48:20 AM
Do you permabulls honestly think BTC can just go up every single day forever and ever?

Lol look at the gains we've seen in the past year alone, most who invested and see nice gains are sure as hell taking some money off the table during the exponential run-ups (30, 266, 1200 etc.)

BTC is already down ~50% (on Gox), do you really think it can keep going down every day forever and ever?   Cheesy

No but a correction only lasting 2 months isn't enough time for the BTC userbase to grow another order of magnitude/to bring the price up an order of magnitude with it. After every big run-up we see a violent correction. We have at least 2-4 months of low prices coming before the next "bubble" happens. After you've been around for a few of the "bubbles" you will start to get the hang of it and maybe even trade a bit yourself to make some extra BTC!


This is a great strategy for newbies:

I can't speculate on how low the price will go, or how long this trend will last, but I can say for certain that I'll be buying the whole way down at every opportunity.

the next user base is cashed up and ready to go.
1799  Economy / Speculation / Re: A picture is worth a 1000 words on: February 09, 2014, 02:18:02 AM
oh and bit coin tech is a new paradigm
1800  Economy / Speculation / Re: A picture is worth a 1000 words on: February 09, 2014, 01:56:15 AM
Maybe this will help the noobs to understand:



exaclty

newbs can't into looking at history.
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