Hey Anthony,
We’re launching in a friends and family beta this week, and we hope to open up our platform to international users by the end of the month. Where are you based out of?
Best,
Jaron Lukasiewicz
CEO | Coinsetter
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Or they are Vector Capital.
y'know, when you first posted that list I typed in "vector capital bitcoin" on google  no matches |
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there really is nothing more I love than seeing the stars align, it makes me giddy  thank you for doing this topic Otoh |
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http://bitcoinmagazine.com/cyprus-depositor-bail-in-set-at-47-5/According to the latest news from Reuters, the government of Cyprus, the Bank of Cyprus and international lenders have come to an agreement that will recapitalize the bank and allow it to remain solvent: all depositors at the bank will have 47.5% of all funds above the deposit insurance threshold of $100,000 seized to pay for the bank’s bad debts. Originally, 37.5% of all funds above the threshold were deducted and an additional 22.5% temporarily frozen in case of additional emergencies; now, if this agreement goes as planned an extra 10% coming from the frozen funds will go towards bank recapitalization and the remaining 12.5% will be unfrozen for its owners’ free use. The “additional emergency” in this case might be the fact that the BoC realized that it would not be able to get off lightly by holding on to its real estate for a few years until it could sell it at higher prices after a hypothetical market recovery; rather, the bank needs money now, even if it means selling off land at rock-bottom prices to get it.
ps: i think reddit is becoming the defacto place for sharing new bitcoin developments. this press board's ability to stay up to date is dismal pss: 
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BitSpend it great idea (albeit a bit archaic) but still remains a single point of failure, the same reason I don't consider BitPay to have solved the merchant problem really either.
It's a shame that BitSpend has ceased trading which is why we have started our own alternative at - SpendWithBitcoin.comlol |
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I sense very bullish sentiment here
which is bearish, in and of itself, you think? |
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A short look in bitcoincharts.org :
Bitcoins sent last 24h 185,255.26 BTC
Bitcoins sent avg. per hour 7,718.97 BTC
That is really very low and maybe a sign for many people see Bitcoin just as an investment instead of trading exchange.
My hope is BTC will rise slowly - but I see the risk that it will hoik up to go down very fast after that.
we need stabler exchanges so that we have a foundation to build commerce upon. and yeah, $18.5M in bitcoins exchanged in 24hr is pretty low, but I guess it was also a sunday. chart? |
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August is my birth month soooooo "Rise up to 125 USD in a short time"  So what? You will earn good money from this day onwards? Right?.. what's a little wishful thinking |
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August is my birth month soooooo "Rise up to 125 USD in a short time" |
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Maybe someone is trying to ignit a panic buy prior to performing a massive dump ?
maybe people are buying bitcoins because they're cheap 11m bitcoins. that's tiny |
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People have been asking me for well over 1 million worth of BTC over the last 2 weeks and that never happens. Some people are paying 10% over gox.
You mean people are asking you to sell BTC for bank T/T on PM here? 1 Mill$ in the last two weeks? Why would anybody buy OTC so to not influence the price and then offer a spread which makes it lucrative to just sell to him and buy at an exchange at the same time? Crazy indeed. Many people have been asking for a lot of coin. Not all offered to pay over gox rate but one guy did at 3000 coins. I did not ask why but there is demand otc. Also not one person tried to sell to me. Could you please make such information public (best in the form of appealing graphics) so I can buy and sell coins accordingly? yeah charts or we're not convinced lolol |
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If we get to the point where we don't have to work for goods anymore, via this resource based economy, we can afford to work on each other.
Except it's a fallacy. The Luddite Fallacy, to be precise, and it's old. Folks like you have been saying that since machines and factories were invented. We've already long reached "the point where we don't have to work for goods anymore". Agriculture in Western Culture accounts for maybe 3% of occupations. But we've come up with other ways to spend our time, our professional lives. How would explain your alter ego of 300 years ago the job you're maybe doing today, like e.g. sitting all day in front of crystal screens all day, to earn a living, instead of just letting the factory machines feed you? Your alter ego of the past must think you're crazy and insane to be doing this.What a non-corrupt economy should do indeed is to increase efficiency and drive prices down for every-day goods. It is happening, just slowly; someone on the dole today may already be "richer" than a king of a famine-struck land of the middle ages, but of course there is always a lot of corruption in the way due to middle-men sucking the lifeblood out of the economy and holding up artificial barriers to keep new disruptive ideas from entering the markets. But eventually things happen, just not as fast as they could be. So there will always open new fields of occupation, because humans' desires are endless, but we're also inventive, so there is always room for progress. Where are the flying cars we've been promised a few decades ago? Why aren't there colonies on the moon and Mars yet? When can I go spend my holidays on the Outer Rings of Saturn? I doubt a centralized managed planned economy can reach such goals faster and more definitely than a market economy; it's been tried many times already. In fact Chile's Allende already tried to implement an automated, cybernetic society in the 70ies, very akin to Venus Project ideas. Didn't work so well, and people rather chose to help themselves via black markets. what? 1) We clearly have not reached this point yet where we do not need to man the factories and till the fields any longer. Did you even watch the video and get to the part about the Venus Project? I guarantee Chile, corrupt as it is, did not come close to accomplishing what they set out to do. They couldn't. automatic processes and cybernetics in the 70s were barely even functional let alone affordable, for one. Two, energy still has costs. a centrall managed economy like this has to have a unitary makeup that voluntarily agrees to work together. clearly chile didn't. Think more along the lines of Finland. Their homogenous society is probably closest to being able to work together in a way required by such an undertaking. and 2) I don't know about you..but if I was free to live life for all it was and not have to work because more energy is collected than used, i would not squander it away watching TV etc all day. I'd spend time with my friends and family, do fun things, figure cool shit out, solve problems, help people, educate myself, etc etc etc. so that I can invest in society. This is what I'm doing now, partially thanks to Bitcoin. I'm utterly offended by your comment about "the job you're maybe doing today, like e.g. sitting all day in front of crystal screens all day" Yeah I've made some money off BTC appreciation, so what that I no longer have to grind at a minimum wage job and I'm free to invest more of my time in my interests? Did you ever think to wonder how I got the initial capital? Did you ever think that through my discourse on these crystal screens, that I'm perhaps making a positive impact on others and myself in the sharing of ideas such as this? Why are you even here? |
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In my home country of America, the fundamental basis of law is that every act is LEGAL, unless there is a law that makes that act illegal. Thailand’s fundamental basis of law is quite different – in Thailand, every act is ILLEGAL, unless there is a law (and process, and procedure) to make it legal.
So, unless there's a law explicitly permitting me to, say, trying to keep an eye open while I'm blowing my nose, I'm committing a crime. Yeah, sure, makes sense. I mean, I'm not saying you're lying, I'm just saying that such a system is so incredibly fucked up and senseless, that you should just ignore it altogether. Right? Like how did it all start out? surely there was a day they had no laws and had to decide them Funny how such a beautiful country can have such draconian laws like that |
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By the by, one or two $1m purchases would quite upset the price in slippage. At least the 10% commission if what were seeing right now is any sort of indicator.
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Well, if there is no law against it, it is not illegal.
I'm not a lawyer, but here is a quote from my lawyer in Thailand: In my home country of America, the fundamental basis of law is that every act is LEGAL, unless there is a law that makes that act illegal. Thailand’s fundamental basis of law is quite different – in Thailand, every act is ILLEGAL, unless there is a law (and process, and procedure) to make it legal.
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anyone that purchases XXX will be shittttttty
Only the CB which issued XXX in the first place will be buying it for BTC once the changeover is announced. what? CB: trade XXX for USD CB: USD for BTC the person holding XXX is screwed! No. The CB issuing XXX uses its existing USD holdings to buy BTC. Then buys XXX for BTC. Persons with XXX now have BTC. Not screwed, the opposite in fact, happier. Ohh, the idea of preexisting USD holdings was not intuitive to me |
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Crazy times.
yeah, for sure. |
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anyone that purchases XXX will be shittttttty
Only the CB which issued XXX in the first place will be buying it for BTC once the changeover is announced. what? CB: trade XXX for USD CB: USD for BTC the person holding XXX is screwed! |
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What's going on? Any explanation for the high volume on Gox? The increase in price?
People have run out of coins to sell. People have been asking me for well over 1 million worth of BTC over the last 2 weeks and that never happens. Some people are paying 10% over gox. Insane. i don't understand why they don't wire money to gox/bitstamp/et. al. though |
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Okay a little bit about this Thailand crazyness. This guy went to some bankers and was like, hey is it cool if we do this? The bankers where like, ummm... Since there are no laws, it must be illegal! Yeah! Well, if there is no law against it, it is not illegal. Also these guys do not make laws nor do they enforce them. The guy was trying to cover his ass but really he is overreacting and yeah seems to be creating FUD. All the banker guys were going to do was cover their ass as well. The guy clearly does not know what he is doing and really should not have invested this much time in an exchange if he was going to take this path. Anyway it over all does not mean anything, people are not going to be jailed for buying BTC in Thailand. This "advice" means nothing in a court of law.  quelled my panicking for a bit, thanks goat so my question is, what the hell does the Foreign Exchange Administration and Policy Department do? He was trying to get the Govts permission to do something. He wanted a permit, he wanted a Govt stamp saying he was okay. He did not get that golden star that would protect him in the future but that does not mean for a fact that BTC is illegal in Thailand. Running an exchange without a permit might be illegal, he really should get his legal stuff in order to do that. But to say the buying and selling of BTC in Thailand is illegal cuz their are no laws is just so dumb I think he might be trolling. or maybe it's the Bank of Thailand that is trolling us hard |
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