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20861  Bitcoin / Press / [2014-04-03] Escapist: MtGox CEO Ordered to Attend US Bankruptcy Hearings on: April 03, 2014, 01:27:52 PM
http://www.escapistmagazine.com/news/view/133460-Mt-Gox-CEO-Karpales-Ordered-to-Attend-US-Bankruptcy-Hearings

Quote
Karpales argues that he should be able to send an intermediary, but Judge Stacey Jernigan tells him no.

Quote
Mt Gox, the Bitcoin exchange that imploded spectacularly a short while ago, filed for US bankruptcy protection, but up until now CEO Mark Karpales has argued he doesn't need to attend the bankruptcy hearings in person.

Time to face the music Mr.Karpeles!
20862  Bitcoin / Bitcoin Discussion / Re: Everybody should be signing this White House Petition for Virtual Currencies on: April 03, 2014, 01:25:34 PM
Bitcoin is and should remain a decentralized currency not comtrolled by the government. So if there's regulation why do we even bother using Bitcoin? We can just use the official altcoin currently being developed by the government ( Canada )

Well... I partially agree with that. But will the politicians agree to make Bitcoin tax-free? I don't think so.
20863  Bitcoin / Bitcoin Technical Support / Re: Transaction not confirming despite 0.2mBTC fee on: April 03, 2014, 01:20:56 PM
The chance for that to happen is very very low. The longest gap I have ever seen should be slightly more than 2 hours.

OK... but even a 2 hour gap can cause problems. Suppose some retail shop is accepting BTC along with CC. Will the accounts guy wait for 2 hours, to get the transaction confirmed?
20864  Other / Off-topic / Re: Is it technically possible to inject a Viagra into the blockchain? on: April 03, 2014, 01:18:16 PM
What makes you think Bitcoin is male?? And if it is male, it surely isn't out of puberty yet.

There is a female version of Viagra available. You can purchase it from SR 2.0
20865  Other / Politics & Society / Re: USA, EU vs RU: sanctions thread, non-censored version on: April 03, 2014, 01:17:01 PM
It's easy to check, so why do you bother parroting Russian lies?
Here: http://en.wikipedia.org/wiki/Natural_gas_in_Ukraine

First check the facts before accusing someone.

Ukraine consumes close to 60 bcm of natural gas every year, of which 3/4th are imported via Gazprom. To be self-sufficient, they need to develop new fields with 45 bcm capacity.
20866  Bitcoin / Bitcoin Discussion / Re: Why is it so hard to get family/friends into bitcoin? on: April 03, 2014, 12:58:52 PM
It is not at all hard. Just 5 minutes of talk, and I convinced my cousin to collect BTCs.

Great! I have an investor in for $25,000  Grin  Now it's time just to set back and watch.  Grin O an the investor is Me  Grin Ooops LOL

Oh... compelling people to invest money in Bitcoin is much more difficult than asking some of your friends and relatives to collect mBTCs in their spare time. 
20867  Bitcoin / Bitcoin Discussion / Re: Is bitcoin an investment or is a currency ? on: April 03, 2014, 12:57:25 PM
Bitcoin is an investment if you want it to be.

What's wrong in that? We are the early adapters. So we should gain from it, right?
20868  Other / Beginners & Help / Re: Will 1 Bitcoin will Reach 1 million usd one day? on: April 03, 2014, 12:55:40 PM
If it reaches $1k we will be satisfied enough.

Whats there for gaining satisfaction if it hits 1K? It has already hit 1.2K. Let's aim for 10K.

BTW... exchange rates won't matter much now. If some of the UN member nations recognize BTC as an alternative to fiat, I'll be extremely satisfied.

20869  Other / Politics & Society / Re: Dark Enlightenment on: April 03, 2014, 12:50:25 PM
I'm awaiting a CO2 tax effectively banning breathing and a consumer protection law banning death.

Tax on breathing fresh air? In Spain there is a tax for sunlight.

http://globaleconomicanalysis.blogspot.in/2013/07/spain-levies-consumption-tax-on-sunlight.html
20870  Other / Politics & Society / Re: Reddit’s science forum banned climate deniers. on: April 03, 2014, 12:42:32 PM
They also thought the sun revolved around the earth

There are plenty of people even now who think that the sun revolves around the earth.

https://bitcointalk.org/index.php?topic=519616.0
20871  Bitcoin / Press / Re: [2014-04-03] BitPay moves into Amsterdam on: April 03, 2014, 12:10:45 PM
Hmm.. so the Caps gain tax in the Netherlands is more like the wealth tax. 1.2% is a bit high, but still better than outright banning of BTC possession.
20872  Bitcoin / Bitcoin Technical Support / Re: Transaction not confirming despite 0.2mBTC fee on: April 03, 2014, 12:07:16 PM
There is a gap of 55 minute between block 293944 and 293945.
When no block is found, your unconfirmed transaction won't confirm no matter how high the fee is.

So in the future, if there is a gap of 5-6 days between the blocks, how we will be able to do shopping using BTC? It'll be extremely difficult.
20873  Other / Politics & Society / Re: Meanwhile in Ukraine... Revolution. on: April 03, 2014, 12:05:13 PM
By the way, Ukrainian constitution already has such definition of the marriage in the article #51.

They'll be forced to change it, by the EU.
20874  Other / Off-topic / Re: Buy rainforest? on: April 03, 2014, 12:01:04 PM
Actually how much amount is needed (per hectare) to buy rainforest in the Amazon?

It is around $100-200 per acre.

An example here:

http://www.brazilpropertygroup.com/listing/4999/
20875  Bitcoin / Bitcoin Discussion / Re: Africa - promised land of Bitcoin? on: April 03, 2014, 11:48:25 AM
Maybe bitcoins will  recieve mass adoption in s.africa and other newly developed countries

It will be great if Bitcoin gets really popular in rich African countries such as Gabon and RSA. However, at the moment the strongholds seems to be East Africa (esp. Kenya and Tanzania, due to Kipochi).
20876  Bitcoin / Bitcoin Discussion / Re: Cash is King? I don't think so. on: April 03, 2014, 11:46:14 AM
Sir, that's Philippine Peso. Not RUR.

Oops... made a mistake. The symbols are so similar.  Grin

20877  Bitcoin / Legal / Re: How will the US tax bitcoin? on: April 03, 2014, 11:42:17 AM
The American Bitcoiners should be happy about it. Since BTC is being recognized as property, the users don't have to pay the income tax. They just have to pay the Capital gains tax, which is much lower than the income tax.
20878  Bitcoin / Press / Re: [2014-04-03] BitPay moves into Amsterdam on: April 03, 2014, 11:37:39 AM
Opening offices in the EU may not be a good idea. Any info. about the legal status of Bitcoin in the Netherlands? According to Bitlegal, it is "permissive".
20879  Bitcoin / Press / [2014-04-03]: Trefis: IRS Delivers Bitcoin Its Final Deathblow on: April 03, 2014, 11:34:52 AM
http://www.trefis.com/stock/spy/articles/233314/irs-delivers-bitcoin-its-final-deathblow/2014-04-03

Another pessimistic article. Let's see how far these shameless propagandists will go.

Quote
Despite my strong warnings, however, early adopters remained steadfast in their loyalty. Even in the face of some stinging setbacks, including the closure of multiple exchanges and outright theft. In the last week, though, the IRS issued a ruling on Bitcoin. And I’m convinced that it promises to be the ultimate deathblow. Consider this your last warning.

Yeah... a bunch of lowlifes issuing the last warning to us. Get a life idiots!
20880  Bitcoin / Press / Re: [2014-04-03] SiliconAngle : The San Jose Quakes to become the next sports team on: April 03, 2014, 11:17:57 AM
Tried to purchase some merchandise from their website. But the BTC option was not there. Perhaps it is available only for the US customers?
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