I have an honest question for you, BitcoinPorn, and simply give me an honest answer. Do you think I'm just spreading gossip?
Not at all, I was saying that to cypherdoc's comment, which came off that way the way he said it. I am seeing all your info, it is not gossipy, I could have separated my sentences into paragraphs there. i gave the straight facts initially but then he asked me how i interpreted it. |
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It is important for reputable businesses that Bitcoin gets a solid legal foundation - otherwise they would never consider accepting it as payment. Bitcoin CAN NOT get solid legal foundation because there is no precedent. If Bitcoin has to be regulated new laws has to be created from scratch. The law has to follow Bitcoin and not vice versa! Asking FSA for permission to trade Bitcoin is the same as asking the coachmen syndicate for permission to assemble and drive the first automobile just after the modern internal combustion engine was invented back in 1862... It is quite obvious what answer you can expect. The legal foundation of Bitcoin already exists and is indeed fundamental - Everything that is not forbidden is allowed! And this is the leading principal of the entire humankind progress. Now, if OP's information is correct, a total regulatory mess is in the pipes. Not only reputable businesses but also not quite reputable businesses will give up using Bitcoin. well in that case then it'll just trade like gold; the price will skyrocket and no one will do business in it. |
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in a one on one IRC chat with MagTux, i asked him directly if he knew who was behind the MyBitcoin heist around that time and he told me it would be too dangerous for both of us for him to tell me. take that for what its worth.
Are you telling me that MagTux is afraid of the Russian Mafia? Or Yamaguchi-Gumi? Or The Triads? Perhaps it's because he owns one of these: Whereas I own one of these: 2 things: first, i think he knows who did it and 2nd they're some bad ass ppl. probably Russian. |
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BTW, i like the black theme. wow, can see a whole lot better!
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genjix and Donald Norman are on record numerous times trying to seek a regulatory framework for Bitcoin in the UK for better or for worse. i'm sure he's just revealing this tidbit of info from his negotiations.
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in a one on one IRC chat with MagTux, i asked him directly if he knew who was behind the MyBitcoin heist around that time and he told me it would be too dangerous for both of us for him to tell me. take that for what its worth.
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The anonymous guy was the user that went by the nickname of noagendamarket
how do u know this? |
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yeah, this thread needs to be taken down.
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Very funny.  I actually felt for that. "fell"? at least "overlay" sounds legal and not illegal. sounds promising. buy, buy, buy. |
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BTW, did you know the guy who is current President of the Brookings Institute for the last 10 years approx. is a known Skull & Bonesman. Talbott, Strobe - NO FUCKING SURPRISE, RIGHT? The piece of shit bastard Masons and scam artist politicians and fraudulent bankster scumbags! Talbott, Nelson Strobridge III (b. 1946) — also known as Strobe Talbott — of Ohio. Born in 1946. U.S. Ambassador to , 1993-94. Member, Skull and Bones. Still living as of 1994. http://politicalgraveyard.com/bio/talbott.html#393.42.74Hate to break the bad news, but I've uncovered a many of them attached to Bitcoin via my stupid re-search of TW. Some of them being early adapters. Also, other early members are/were involved with WOW Gold and/or practice some form of occult. What is the TW you are referring to? he's referring to some "Tom Williams" digging that he's done. claims he's dug up alot of dirt on several forum members here. no specifics though. |
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Are you still betting on a short position cypherdoc?
yeah, but its getting painful. if we break out to new highs i'll take it down. the slow early rise in the USD has me worried. |
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Anyone who thinks we should've just let the entire financial system across the globe collapse has very little grey matter up there... imagine a bank failure rate of 60%.
i would love to see that. the more parasites removed the better. who has the most leveraged amounts to lose? Banks. the avg American would be way better off in the long run.
Imagine unemployment of 30% or more. We actually have GDP growth - the Austrian alternative is for GDP to contract by up to 40% over the course of a decade, which is a pretty reasonable figure had there been no stimulus or emergency rescue package.
WAY over stated. FUD. By the way, do you enjoy your $8.50/bitcoin price? 4 TEH LULZ NUBS
Gonna go troll some more posts now.
yeah, thats what you are; a troll. just wait til when the price explodes. |
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i agree. 2 mo of a ramp does not a bubble make. while the falloff has been dramatic, it appears to be stabilizing around this 8-10 range. i keep accumulating on the way down. just give it time. they can't stop it.
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Did you even read that guys article? I assumed you were sending us to a cunsomer site where there was going to be some massive list of complaints. This guy here from that site summed it up best, Juggler314  "That’s not what I’d say – his two lead paragraphs espouse on not paying someone (coinstar) to count money for you…he then said as an addition that the machines are often off, so it could be even worse. Then he points out that coins are real money…not needing to be changed in, and if you want to do so, just go to the bank and get paper money in exchange."  I do not know how you value your time but mine is sure worth a heck of a lot more than the % they charge for counting. I take between 50-100$ each time I go, about once every other month. It saves me atleast 4 hours of coin wrapping to take it to my bank, since they will not accept it unrolled. I have also not noticed any error in the counting. I generally have a fair idea of how much change I have because I track what I spend very carefully and their machines seem close enough, shrug. Yea, it would make since that they could cut a break to the merchant for deposits with bills. The trouble is that Coinstar machines are not currently configured to accept bills. They only accept change, atleast as far as I'm aware. I could see them eventually upgrading their machines to take bills if they can find enough demand for such a function in their research. edit; I see thier newer machines generate some sort of card for your ecertificates and accept bills now. http://www.coinstar.com/HowToVideos/CoinsToCard We could probably find information directly from them via their website or a phone call about the process for a merchnat to get listed with them. edit2; I sent them an email, "How would a prospective merchant go about getting added to the list of choices for e-certificate type deposits?" the part that caught my eye was this: "These partnering retailers agree to pay the fee on behalf of the customers." this alone makes it much less affordable to all parties involved compared to a Bitcoin ATM. traditional forms of money have costs that can't be avoided; or won't. |
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Can they shut down bitcoin? No.. but they can send it to 10 cents by the time they are done.
And bitcoin would still work perfectly well. Anyone investing in bitcoin should assess the risk of government interference and remain appropriately diversified. For people that simply want true two party transactions, bitcoin works at any price. If governments really want to stop bitcoin, they'll need to place restrictions on all forms of digital communications. They'll need to make sure you check with a government agency before you exchange USB keys with anyone. The transfer of ownership of a computer will need to be a registered and tracked activity. And let's not forget radio...bitcoin will work fine over HAM radio covering very large distances...they'll have to put an end to any form of digital communication over radio. And what about bluetooth, NFC, QR codes and optical scanners...they'll need regulations for those. They'll need to make sure any wifi enabled device runs only government provided software. This article, while disturbing in many respects, is grossly underestimating the magnitude of the expenditure that will be required to stop or control digital currencies from proliferating. At some point, I'm confident that govt's and financial institutions will make the rational, self interested and self preservationist decision that it is better to make use of digital currencies than to fight them. +1. this is the first time i've ever read of alternative creative ways to use Bitcoin. care to elaborate about how Bitcoin could work over digital radio and bluetooth? |
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Congratulations miscreanity. Good to see you back. Awesome few days for gold and silver.
Thanks and yes, quite an impressive few days indeed. I'm thinking Bitcoin will start to see gains in the near future as well (~3-6 month range), though ironically that's much more difficult to call than gold. out of curiosity; how well do you think you understand Bitcoin and its implications? |
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why haven't you made the code open source?
a) I don't believe that demanding the source code for every program is the solution for the wallet.dat problem. It's like piling all your gold in your living room and then sitting on the front porch, asking every person that passes by for their passport. While the real thief is probably unloading your gold from the back door. Get a safe and secure your living room instead. b) If I spend more than 3 days of my time on something I expect some kind of return for it before I give it away for free. your logic is false. most here couldn't just read your code and implement it unlike they could walk away with your gold. they rely on a select few here who can read it to vet the code for malware. and the coders who review it aren't likely to steal it either since the few who could won't b/c they understand open source ethics. |
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If you don't have a wallet on you computer, which also has "some weird progs on it that I don't trust", why are you afraid to run this?  One more untrusted program won't change anything. whatever is on it has been there from pre Bitcoin days, this is specifically Btc linked & while I'm sure it is fine or you'd be called out fast, I'm just following best practice here you're doing the right thing Otoh. wait... |
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If you don't have a wallet on you computer, which also has "some weird progs on it that I don't trust", why are you afraid to run this? One more untrusted program won't change anything. why haven't you made the code open source? |
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