And what could they do about that, exactly?
They wouldnt be able to stop everyone from installing it obviously, but the damage that could be done to bitcoin if just running the bitcoin client is deemed illegal is enormous. Im not looking forward being put at risk of breaking laws from just about every regulator in the world and Id rather not risk finding out what exactly it is they could do. Thats a scary world, you think you live in. |
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We're probably not yet on their radar, but I don't see the SEC as being our friends here. Unless they come up with some new, more relaxed regulations then they are going to suffocate the Bitcoin securities market because of a high cost of compliance.
Yes, we are on there radar, as they have talked to Ukto about us last month. I sent Ukto our Belize documents so he could send them to the SEC. No one picks up on this? SEC going not only after exchanges, but asset issuers . Ken, do you have any insights on your own legal liability? Would the SEC consider it the exchange fault for targeting unsophisticated (US) investors, or yours too? Wow Puppet. Was is it with you, and the SEC? Weeks of it, everywhere. Why the fear? |
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So bitcoin price is at the same point it was yesterday and bid sum has dropped only 500k...
That was a crash? Really? It was an epic bear trap to me, who sold at $175? LOL
that's not really a crash. more like a correction. i think the real crash will happened after the bitcoin trust is listed and the winklevoss btc which are locked up right now flood the market and soak up all the fiat, this is sort of the run up in anticipation to that. this is pure speculation I don't get it, why would BTC be sold because of this? Won't this cause an even bigger rally instead because of greater demand? those 200k btc were not marketable and could not be touched since the july filing... what happens to price when the supply curve moves out? ths is not demand for 200k btc this is a supply of 200k btc being SOLD to the public, supply that was not available since the twins purchased it what happens when shareholders lock outs are done? econ 101.... Still don't see why the shareholders would instantly sell their BTC and cause a sell off the moment they are unlocked. Price could just as well go up because of greater exposure to the public. And 99% of the people cannot sell. Only market makers can redeem or create new, baskets. So what is needed is the price of the ETF to drop sufficiently below market price for market makers to arbitrage and redeem baskets of Bitcoins and earn on the arbitrage. I thought the premise of the ETF was to allow an instrument to short the market, with an intent to bring some price stability. This in turn, is supposedly going to make Bitcoin more attractive to a broader user base/merchants. |
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tl;dr I like your current style a lot better than your pink RR period  Yep, reasoned and considered....still having visions of laptops that don't belong in saunas, tho. |
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Ken,
Can you verify what U.S. Bitfunder users need to do to be sure that their shares preserved? Do we need to be sure our public bitcoin address is one where we can sign? For example, a non-CoinBase address?
Yes, you need to have a public Bitcoin address that you can sign, so that we can verify the number of shares you own from the Bitfunder Asset List. If I run my wallet on my local machine, is that not good enough? I have shares currently on bitfunder, US customer. Assuming you are referring to bitcoin-QT or Armory, then yes, you'll be able to sign messages from your receiving address. Walk through of -qt sign and verify ....... http://www.youtube.com/watch?v=3oxM9_OCQKM&feature=youtu.be&t=35s |
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Taken from Labrat thread, and edited to be generic....
How to sign a message using blockchain.info:
- Log into blockchain.info
- Click on receive money
- click on the actions button to the right of the address your using
- click on sign message
- enter email body as detailed from requester
- click sign message
- copy "signature" output
Close "Sign Message" window
Using the message and signature, you can create a new email which you can send to requester
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Oddly, from where im sitting, i think Ken could have trumped crumbs, on the FUDster scale.
Also, does silence count as FUD?
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Depending on which option BTCINVEST takes, it may simplify possible claims processes if you use an Inputs Bitcoin address.
Anyone: what's an "Inputs Bitcoin address"? The only mention of this term coming up in google is the above post. Thanks. Not sure why its advantageous in this context, but...... https://inputs.io |
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  Fine 999 copper Bitcoin RoundDate: 2012+2013 Funded/Can be funded: No/No Dimensions: 39mm x 3mm Weight: 1 ounce Materials: Solid Fine 999 copper. Design: Large BTC on one side. Printed circuit board design on both sides. Delivery: Sent in see-through wallet, in padded Jiffy bag. Postage and packing costs to UK and mainland Europe is free. Other locations, please add 0.0125btc. Please note, i cannot be held responsible in any way for failure of your respective postal operators to deliver. However, for non tracked items, i will be recording a short video of postage. Assume a two day period between payment and postage, as i can visit my post office three times a week. Single orders of X10 coins and above, will receive insured tracking for free to UK/Europe. Single orders of X10 for other locations, will receive insured tracking by adding 0.0125btc. Cost: 1-4coins = 0.015btc per coin - includes postage (UK/Europe) 5-9coins = 0.014btc per coin - includes postage (UK/Europe) 10+ coins = 0.013btc per coin - includes tracked postage (UK/Europe) Payment: Please PM me with your order, and the address you will be sending btc from, together with your postal address. I will then confirm total amount and supply payment address. These coins were in the news recently...... http://www.coindesk.com/capital-one-closes-bank-account-bitcoin/More coins and badges can be sought here..... https://bitcointalk.org/index.php?topic=307120.msg3292442#msg3292442 |
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Hey Ascension, can we get an update on why the dividend is so low? Thanks
Because Marco Santoris' fees are so high? You got it. We made a large retainer payment this dividend period. Dividend without legal fee's would have been ~147 BTC I was wondering who was making the money, in these turbulent times. Of course, the lawyers are siphoning it off, at BTC60 a pop. Silly me.  |
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Hey Ascension, can we get an update on why the dividend is so low? Thanks
Because Marco Santoris' fees are so high? |
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How about:
BAIDU IS IN!
or
COUNT BAIDU IN
?
A Bit of Baidu |
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Ditto
Cant log on. Returning to log-in with blank input boxes.
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CAN YOU PLEASE PM ME SO I CAN START TO CREATE A CASE FOR ACTION AGAINST THIS COMPANY (CLOUDHASH LTD)
Are you a customer of Cloudhashing ? EXACTLY. He can't do anything. Hahahaha. Im a solicitor that covers UK Trade & Standards 10 years experience and you are a massive Surf as we say in the business, go turn on jermery kyle , that's more your level Pffffft. Sue me bitch. Hmmm....getting sued, OR, watching an episode of Jeremy Kyle? The former seems a far more attractive situation to be in, TBH. |
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Badges orders only........
3x Badges - BTC0.10
5x Badges - BTC0.15
10x Badges - BTC0.28
All orders to UK/Europe, postage is free. Other locations please add BTC0.05
Cheers
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I have a few of those badges (got them at the European BitCoin Convention) and they are really awesome:
 I was there, and probably touched those very badges! |
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Relax poeple. I can bet that there will be many proxy services for US citizens. It's just a matter of time.
Bitfunder through weexchange will be demanding citizenship papers and such. Proxies will not suffice. Theres more than one type of proxy service, no? Do you mean verified people acting on behalf of American shareholders? The only issue I see being Bitfunder discovering this and claiming all the shares. I am sure the new terms of service will prohibit the proxy of shares with penalty of confiscation. Thats what came to mind, yes. As much as i welcome due diligence from Bitfunder, or any other type of trading exchange, what private agreements exist between two third parties cannot be reasonably pursued by an exchange, or the all pervading SEC, my authoritative body, or anybody. Exchanging directly held virtual shares between each other, is illegal now? |
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Relax poeple. I can bet that there will be many proxy services for US citizens. It's just a matter of time.
Bitfunder through weexchange will be demanding citizenship papers and such. Proxies will not suffice. Theres more than one type of proxy service, no? |
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No its not. ...'profile'-'description' looks as though you gave up in July to anyone reading it, and feels like you just cant be arsed anymore. Just saying. |
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