I'm trying to determine if the bitcoin speculation community want to organize to build individual wealth on a daily basis and to improve the btc community.


If 50 people say "yes", they want the club, we could start to organize it via bitcointalk forum immediately

of the 50 at least 20 must be day traders



edit:


the minimum requirement were exceeded in 2 of the 7 days it was budgeted, the club is now live, join us:  

The Bitcoin Club awaits you
https://bitcointalk.org/index.php?topic=519808

I'm looking to start a cryptocurrency investment club thread, this is your pre-announcement invite

Here is a practical example of one of the applications, notice when it was done, it should have been reported upon completions, however notice that they choose to post it publicly after they acknowledged the MT Gox disaster. 

https://www.bitstamp.net

6th March, 2014 Statement regarding recent third party audit report

Dear Bitstamp clients, On November 22nd and 23rd, 2013 an on site due diligence was carried out in respect of Bitstamp Ltd. on behalf of a 3rd party. Bitstamp’s balance of BTC was validated by temporarily creating the largest single Bitcoin wallet and in the process the largest Bitcoin transaction in history. The report identified that Bitstamp held 100% of validated BTC balance and USD funds. No material issues were raised as a consequence of the 3rd party’s investigations. Original statement Best regards, Bitstamp team

what you are apparently trying to do is to create a hidden or 'cold wallet', it takes a bit more steps to achieve your goal, here is the tutorial:

https://www.youtube.com/watch?v=K0cGvUFBNEQ&list=PLEUe0yAulQTtJp-KuUVxx_acD0B4cOh7o

hahahahaha in the US, in some states, in some cities, there is not only a wage tax, there are upwards of 5 wage taxes, for example in NYC, you have the Social Security tax, the Federal Government Tax, the State Government Tax, The City Government tax, and the disability tax.  Most cities in the US don't tax wages, and only a few states in the US don't tax wages, but NYC residents get taxed, taxed, taxed and taxed again -- oh, sales tax is 8.25% (state sales tax + city sales tax) ...  with that said the USD is stonger in NYC than anyplace in the world, not because of the tax, but in spite of it

Domain Name For Sale #29 ---> www.CRYPTOCURRENCYCOMPLAINTS.COM  $20,000.

I will consider all offers, including but not limited to: trade, a partnership arrangement with the domain being my equity contribution. or good old (or new) fashion currency
 

Yes, I have other cryptocurrency domains available for sale and am willing to bundle, click above link to see other names.

have you had the opportunity to use the btc ATM as of yet?  

what is the price of a btc compared to other exchanges ?





"MAS (Monetary Authority of Singapore) to Regulate Virtual Currency Intermediaries for Money Laundering and Terrorist Financing Risks

Singapore, 13 March 2014 … The Monetary Authority of Singapore (MAS) said today that it will regulate virtual currency intermediaries in Singapore to address potential money laundering and terrorist financing (ML/TF) risks.      
  
2   Virtual currency transactions, given their anonymous nature, are particularly vulnerable to ML/TF risks. To address this, MAS will introduce regulations to require virtual currency intermediaries1 that buy, sell or facilitate the exchange of virtual currencies for real currencies to verify the identities of their customers and report suspicious transactions to the Suspicious Transaction Reporting Office.2 The requirements will be similar to those imposed on money changers and remittance businesses who undertake cash transactions.

3   Singapore, like most jurisdictions, does not regulate virtual currencies per se, as these are not considered as securities or legal tender.  MAS’ regulation of virtual currency intermediaries pertains specifically to the money laundering and terrorist financing risks they pose.  It does not extend to the safety and soundness of virtual currency intermediaries nor the proper functioning of virtual currency transactions. Investors in virtual currencies will not have the safeguards that investors in securities enjoy under the Securities and Futures Act and the Financial Advisers Act.

4   Therefore, since June 2013, MAS has been cautioning consumers and businesses of the significant risks associated with virtual currency transactions:

The values of virtual currencies can fluctuate greatly within a short period of time. Consumers and businesses may suffer significant monetary losses as a result of the volatile prices.  
Virtual currencies may not be issued by any identifiable organisation. Consumers and businesses may not be able to obtain a refund of their monies should virtual currency schemes or intermediaries cease to operate.  
5   Deputy Managing Director of MAS, Mr Ong Chong Tee, said, “MAS is taking a targeted regulatory approach to virtual currencies to specifically address money laundering and terrorist financing risks. Consumers and businesses should take note of the broader risks that dealing in virtual currencies entails and should exercise the necessary caution.”

6   MAS’ move will make Singapore one of the first countries in the world to regulate virtual currency intermediaries for ML/TF risks.  MAS will continue to monitor closely the development and implications of virtual currencies as well as evolving regulatory approaches taken towards virtual currencies by major jurisdictions.  If necessary, MAS will consider additional measures to address the risks posed by virtual currencies and their intermediaries.

***

1 These include operators of Bitcoin exchanges and Bitcoin vending machines.

2 STRO is Singapore's Financial Intelligence Unit. It is the central agency in Singapore for receiving, analysing and disseminating reports of suspicious transactions.  STRO is a unit in the Commercial Affairs Department."

hahahaha, you think the banks ALWAYS had the standards, insurance, policies, and procedures that they do now?   Of course not.

Just like btc banks sprung up close to where gold mines and trade exchanges were at.  And many times employees, officers, and even owners got sticky fingers.  

If we don't know, appreciate, or learn from our history we will repeat it over and over again.

BTC doesn't have the luxury of a country to back it so everything relies on the faith of the btc holders to support it.  As you chip away at that community faith with major or countless minor losses, btc holders eventually give up the faith.


I didn't lose a dime with gox, but I certainly learned the lesson.

I believe there are two bitcoin banks in the world

Sure,

1) if you claim to have 5  employees/partners, support that with photos and info on each (about us pg), this is old current standard, the new current standard would be to have an affidavit sworn or affirmed to by each indicating that they ... [are not a bad guy, or is a reformed bad guy, ...], pdf all of the already public info like lic, etc so that the community could better know you

2) you could provide insurance on the company, the insurance could be in different forms:  general liability, officer E/O, employee bonding, etc whatever you deem to be fitting

3) community certification, start a poll thread (if not done already) that asks the community to rate you, provide the star rating on your site

4) used the blockchain to prove assets, solvency, a signed transaction, on a regular basis.  ie: 50Kbtc represents daily avg 'atomic trade', 5000K btc represents 50% of assets on hand 'atomic trade'  

5) provide for outside security audits  quarterly, and whole system audits (financial, security, customer service, policy, procedures) annually

6) give customers the option to have signed transactions in which


With the above you can make tremendous claims and have a tremendous amount of supporting evidence to go with it.  That level of accountability, transparency, security, and communications is worthy of community regard, and market share.  


With that and many other things, you will LEAD the industry with higher quality standards.

Thanks for the reply, I looked at everything that was publicly available to see.   

The site gives unsupported promises, what I suggested and what this thread is all about is a higher level of integrity, like promises that are supported by higher and better security.   

It's your business, do as you wish however, all of today's industry norms are quickly becoming the way of the past, if you want to be ready for the fast approaching future I  recommend heeding some of my suggestions. 

I heard of the sales tax for Singapore about a month ago, I have a client in Singapore who was waiting for the btc ATM to arrive to make her first purchase.  However, it seems she just purchased her first .25 btc a few days ago, I will ask her how she made the btc purchase.

I can tell you this, this is exactly where a Cryptocurrency Lobby, Council, or Foundation would come into action, to address the politicians, lawmakers, and regulators to EDUCATE them on what BTC is.   

It's one thing to place a tax on the creation of NEW CC, ie: mining, but a totally different story to tax it any further.  
  

Hi, I regularly purchase items at Best Buy, and Walmart and regularly purchase giftcards for both at many different places, if you want to sell your gift cards with perfect assurance respond to this request. 

Cards must be for USA in-store use.

Domain Name For Sale #28 ---> www.CRYPTOCURRENCYPROFESSOR.COM  $5,000.

I will consider all offers, including but not limited to: trade, a partnership arrangement with the domain being my equity contribution. or good old (or new) fashion currency
 

Yes, I have other cryptocurrency domains available for sale and am willing to bundle, click above link to see other names.

what do you mean by "no bots"

also, I visited Atomic-trade  I liked what they had to say but they still left a lot to trust, I saw no insurance, no bond, no security deposit, no proof of solvency, no visible audit via  block chain protocol,  no photos with CV of the owners, directors, key employees, no community certification, no affidavit of proper business history (Mt Gox Pres was convicted of fraud prior to the purchase of Mt. Gox) ...

At this point, I don't see it as a multiple choice question.

according to wiki:
Critical thinking, as defined by the National Council for Excellence in Critical Thinking, is the intellectually disciplined process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and/or evaluating information gathered from, or generated by, observation, experience, reflection, reasoning, or communication, as a guide to belief and action


I think including "open-minded" without qualification may be doing both phrases: Critical Thinking and open-minded a disservice. Those who are 'open minded' or being 'open minded' are simply being receptive to info, perhaps to some greater degree than expected or may be ordinarily considered reasonable.  Where as 'critical thinking' has more to do with the processing of the information AFTER it is received.   If anything 'critical thinking' is more closed than open, in that it seeks a solution based on knowns, and is less apt to 'consider everything'.

 

he not only looks like uncle fester, but sounds like him too

Domain Name For Sale #27 ---> www.CRYPTOCURRENCYTEACHER.COM  $1,000.

I will consider all offers, including but not limited to: trade, a partnership arrangement with the domain being my equity contribution. or good old (or new) fashion currency
 

Yes, I have other cryptocurrency domains available for sale and am willing to bundle, click above link to see other names.

hahahaha, although I know how to play chess I'm not a chess player.

Here are two important things for you to know:

1) Regular chess and Blitz chess involves two totally different skill sets for the exact same game.  Those who play Blitz chess will beat regular chess players 90% of the time, because of that major skill set development difference.

2) Chess was designed for pensive play, not for ordinary thinking, and not for our highest level of thinking.  Blitz chess taps into the higher levels of thinking, when you are playing blitz chess you are playing with your your sub consciousness mind.  Armis is designed to be played on that level, Armis is designed to develop higher level thinking.

With Armis you could play 24/7 for the rest of your life and never use the same setup twice; when you are playing with pieces that have conditional powers, could push, fly, swim, dive, board, sacrifice, issue friendly-fire, and or cause mass destruction you know you are not playing Chess by any stretch of the imagination.

With that said, I'll give you $50 if you could beat me more than once out of seven game challenge.  That is an OPEN challenge which will last forever.