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Are you working on a way to make cash game possible through the rest of WPN network's ?
You could do something like sell the btc for cash when a player join a cash table and then buy btc with the amount of cash the player leave the table with.
Leaving the player to bear the risk and protecting the site from a price change in Bitcoin.
You would just need to have some liquidity on an exchange; it can be done automaticaly very easily with the exchange API's
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Just add some god damn table at micro stakes
0.01/0.02 or 0.02/0.05 with normal rake would be nice.
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I just received some bullion I ordered with bitsumo from France, and I can tell you is service is top notch.
He went out of his way to make sure everything would go smoothly and it took him a long time to go through all the regulations imposed by the french gov.
I will do business with him again without any second thoughts definetly AAA service.
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Just received mine litteraly 5min ago.
Great job !
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Got silver from the us before to France and custom never opened the package.
USPS : as always when the package leave US soil tracking become useless.
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And what marchant is gonna use your economy if he cannot turn is bitcoin into cash to pay employee, tax etc ?
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I'm in for two  |
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I have to agree, and it's one of the bigger problems facing bitcoin. If bitcoin is ever going to be a "currency" like it was meant to be it is going to have to be more stable. And quite frankly there isn't anything in place to make that happen, I agree that simply more merchants and people using bitcoin isn't in itself going to make it stable, more stable yes but probably not stable to the point of it being used as an actual currency.
My theory is that
1) Someone/something will come up with some new code to help stabilize bitcoin some how, how this gets implemented with the approval of the entire community is yet to be seen though. I know some very smart people have some very good ideas they are working with right now.
2) Something "better" replaces bitcoin. Bitcoin is version 1.0 in the p2p crypto currency market and it's become quite evident that people like the idea of this type of currency , so it's not unrealistic that someone or some company will come up with something similar but address some of bitcoins problems and gains acceptance from the mainstream.
The truth is we need market maker at major trading site. Way too many bitcoin are stocked on cold wallet and this make the market very illiquid |
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The foundation will ultimately be a number of members with an interest in eMu, voted into that position by other foundation members and has some requirements. The foundation will regulate SERVICES of the eMunie system, to ensure that any unscrupulous characters are kept OUT, the foundation will also work to further roll out other eMunie services that use the main system and be a platform to push development of eMunie features forward through a general consensus, perform fund raising for this development and so on.
Entities wanting to offer fiat exchange services would apply to the eMunie foundation (thread on this later on) for a license (essentially a special key). Those entities would be heavily vetted to ensure that they are trustworthy and that they have all the required licenses and funding available to run a fiat exchange.
Humm, I already can see the abuse of power from the futur "Foundation" |
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Why not just send it as a gift and send the invoice by email ?
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I will go for 2 coins as well to europe |
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It's simple : We don't want regulation. We can do that on our own.
And are you gonna add a RFID chips to every single bill and coin to make sure their not use to buy illegal stuff like they are now ?
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It's also trading on air : Buy orders
Total BTC: 267.65916849 Even FTC as way more : Buy orders
Total BTC: 2141.01248486 |
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Redistribution of wealth from the robber-baron capitalists to the teeming masses is also closely in alignment with their central-planning kind of thinking, even if a good portion of the elites don't personally behave that way - skimming off funds and buying that large estate in Vancouver, Canada for example.
It is interesting to see Bitcoin at work, and I agree that China is a bigger part of the picture than many may realize at this point.
China is completly different then the us on a economic stand point : they do not just tell banker that fraud is bad, and take their cut like in the US. Bankster get's executed in china. |
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Thus by the letter of the guidance above this would be a regulated entity
BTC: Person A -----> Exchanger ----> Person B
USD: Person B -----> Exchanger ----> Person A
Here there is an acceptance of BTC from on person and transmission of BTC BTC to another person.
However by the guidance as written above, the following would not be regulated entity:
BTC: Person A ----> Buyer
USD: Buyer ----> Person A
There is acceptance of virtual currency by the buyer but no transmission to another person. If this looks familiar to a certain company business model well that is the point.
So if it's confirmed this would basically mean that if and exchange become a market maker instead of just facilitating exchange p2p I would not require any kind of regulation ? |
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For example, I have $10 in Bitcoin loaned out. The other person has $10 and so do I because I have his debt. I (almost) created new currency. This is what happens on a larger scale in fractional reserve banking.
Yes and no, if you can exchange or spend that debt you "have created" the money, if you can't, then you don't have anything untill he pays you back. And if he default you get nothing back. |
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If bitcoin is money or not isn't that significant.
They wer exchanging something for USD, and availing this service to people on american soil.
It is extremly relevant. If not then for example: why in hell a milk vendor is not required to do AML & KYC and co ? It does exchange $ against something of value inside the US. |
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3.) U.S. AML regulations apply to foreign-located persons who offer MSB services in the U.S. from foreign locations.
Did the long arm of the law just get longer?
No, not really, they already use the exact same thing when they shutdown PokerStars, FullTilt Poker and co, from the US. And they used the same thing here in France and globally in most of the UE to do the same and regulate locally. (Now we have pokerstars.fr and you can only play with french players..) |
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