Does anyone have stats on which versions are currently running?
I really wonder whether 0.8.1 has majority.
You mean 0.8+, and yes, it has an overwhelming majority of observable nodes now. It looks like 91.4% at the moment. Excellent news. Would you be kind enough to let us know when a large block occurs which required more than 10k locks on BDB? |
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How do I get my fiat out?
I should point out I'm in Australia. What's the quickest, easiest way?
I can't understant why have you even bought BTC in the first place. Anyway... If you want your fiat, then buy BTC on gox, send the coins to https://www.bitinnovate.com/ and exchange to fiat from there. |
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No victim = no crime. Who's the victim with regards to "insider trading"?
If I sell you a piece of shit rust bucket of a car, and claim that it's a good car without any problems, I would be lying and committing fraud. Hell, even if it was legal, I would be lying, committing fraud, and being a general scumbag who should lose all trust for ever. When you are insider trading, you are selling piece of shit stock to someone while telling them it's a good stock without any problems. It is even broader than that, because the stock might be better than the market is valuing it. Basically there is an obligation upon issuers of publicly listed securities that news is disseminated to the market such that everyone can act upon it at the same time. Insider trading occurs where insiders act on news before it is public. Directors, for example, of company X, have a board meeting and decide to make an acquisition of company Y. While this is known to insiders these people might buy shares of company Y via personal accounts, before the news is made public in anticipation of a quick profit by selling afterwards. The victim is the investing public, shareholders who own company Y shares and sell their shares in the period between the board meeting and news being made public. Some of them would have sold to the inside traders, and wouldn't have sold with the same knowledge. I have seen the insider trading term thrown around regarding Bitcoin. However, it never applies to currencies. |
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For all the complete lack of planning we have witnessed with Gox, Karpeles should be given credit for his foresight of setting up the exchange in Japan. So far the authority there still doesn't seem to know what's going on and why should they care.
Karpeles didn't setup mtgox in japan, he just bought it. As for Japan not knowing what is going on or why they should care, that's naive. If US says jump, Japan will say how high. You're right with Gox, though Karpeles chose to go to Japan to find a job and keep the exchange there, so he played a role. As for japanese authority, I think it's actually naive to believe U.S can just have its way with Japan, or other sovereign nations, things are not as simple as on a high school playground, your alliance complies with your request when it suits their interest, while turns a deaf ear if it doesn't.Thank christ that Gox isn't located in the UK. Nah, there are times when even the UK Gov will be hesitant, otherwise they can just storm Ecuador's embassy, rather than spending millions of pounds to station policemen at its entrance. The UK just might be the answer to a lot of the bitcoin/fiat transfer drama. London has the single greatest concentration of FX services. Once they realize crypotocurrency is the future of money they will be desperate to be a hub for it as well. They will want to host it and cleverly apply financial regulation so weak that a kitten could walk through it. |
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How does anybody need a license to transfer money period. At this point you basically can't do business without transferring money.
FinCEN requirements, by my understanding, are concerned primarily with businesses which transfer money on behalf of other parties. If Alice transfers money to Betty to pay her for goods or services, neither Alice nor Betty is an MSB from FinCEN's point of view. But if you add an intermediary (let's call her Catherine) who takes money from Alice and gives it to Betty, and does that sort of thing commerically, then Catherine is an MSB and subject to regulation (because if Catherine wanted, and didn't have anyone watching, it'd be easy for her to hide questionable money in the cloud of transfers which she manages). Still stupid, unnecessary snooping. This is enlightening: http://contrariancompliance.com/2013/04/14/is-us-regulation-the-single-biggest-threat-to-bitcoin/ |
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Recent events just highlight exactly why Ripple is necessary. Bitcoin needs Ripple in order to have a chance at legitimacy and mass adoption. It may already be too late but for now, I stay hopeful.
How would Ripple help? Opencoin can ignore a Seize Warrant? Or the Exchanges that are federated with Ripple can ignore a Seize Warrant? As Ripple clearly facilitates fiat transfers we can be sure that Opencoin have complied with all the MSB regulations. Absolutely sure. https://bitcointalk.org/index.php?topic=200443.0 |
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They can't predict the future. VCs have dropped virtually nil into bitcoin. Complete drop-in-the-bucket, easy exit shit. I don't understand why people think "all this money" is being invested. It isn't. Investing 6 figures, or a few million, is a cheap price to pay if the future turns sour.
I think the point is that there are serious people outside of the Bitcoin community investing, or talking about investing, which for most people, lends an aura of legitimacy and the promise of widespread adoption. There's no question that VC's make mistakes, in fact, that's part of the business model. But compared to the sophistication of the average investor in the BitcoinTalk securities marketplace, I'd say this new money can rightfully be called smart money. People are expecting a lot very quickly and are impatient. On the 22nd May 2013 we come up to an important anniversary. Three years since the first significant real-world Bitcoin transaction! https://bitcointalk.org/index.php?topic=137.msg1195#msg1195Three years is a very short time in the life of a revolutionary technology. Cars, phones, even the WWW took much longer to get traction than Bitcoin has so far. The Bitcoin train will be crashing through everything in three more years... |
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Coinage Act of 1965, Section 102 states: “All coins and currencies of the United States (including Federal Reserve notes and circulating notes of Federal Reserve banks and national banking associations), regardless of when coined or issued, shall be legal tender for all debts, public and private, public charges, taxes, duties, and dues.” Only United States currencies (including Federal Reserve Notes) are currently legal tender in the US.
Keyword being LEGAL tender. Thanks for that BTW.
"An astute reader may note that legal tender only concerns the repayment of debt, taxes, duties, and dues."Citizens are free to use any currency for an unofficial transaction. Not familiar with any laws (or how to read them lawyer speak) so might a dumb question...but does the USD being legal tender in the US mean that other currencies are illegal? Or the other currencies can still be be used but just not legally obliged to be accepted?
That's your answer. Legal tender only matters where the government or judicial system is involved. So you can't pay taxes in bitcoins. But you can pay your neighbor bitcoins for some vegetables. |
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it's one of those things that is not really worth going to unless you are speaking or on the panel.
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...where as Bitcoin is in violation of the laws of nearly every country. ...
No way. You are spreading FUD. There is a distinction which needs to be understood. Bitcoin is not a class A drug, or a bottle of your own moonshine whiskey. It is not in violation of laws. Some people who use it might trade illegal items (such as moonshine), but this is true of any medium of exchange. It is what people do with a currency such as evade taxes which can break laws, not the currency itself. |
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For all the complete lack of planning we have witnessed with Gox, Karpeles should be given credit for his foresight of setting up the exchange in Japan. So far the authority there still doesn't seem to know what's going on and why should they care.
Karpeles didn't setup mtgox in japan, he just bought it. As for Japan not knowing what is going on or why they should care, that's naive. If US says jump, Japan will say how high. So how does that fit with the US often complaining about countries that are "currency manipulators", when Japan is the worst offender and never gets mentioned. |
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...I'm not saying we are close to that point yet, but we're closer than we have been in my lifetime.
How old are you? Not old enough. I could make that statement - and have - but I lived through the sixties... When you think about it, the problems today don't compare with the '60s and '70s when the Doomsday Clock was always a couple of minutes to midnight. |
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How are you traders doing with this volatility?
I sold a few at 113 and could have bought in for 1.5 BTC profit, but barely missed it and only made .2 after panic buying before it got back to close to 113.
A few days ago I took some profits at $119. Queued a buy order at $106 at the same time and it triggered while I was sleeping last night. My trading activity is thin these days. Reduced volatility makes things a bit dull but its good for the economy overall. Occasional events like this are still good opportunities to make a few bucks though which keeps things interesting Smart trading. Well done for applying planning and patience. |
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Is it fun being a bitcoin millionaire?
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BitPay cannot grow to 100x our size now without bitcoin being able to grow and scale with us. Jeff is a great developer and can help work on the scaleability issues that bitcoin needs to meet the demands. I would consider this to be very encouraging news, if it wasn't for relatively recent comments made by Jeff that indicated a certain hostility on his part to implementing the necessary scaling improvements in Bitcoin. I was going to mention that too, but in due course, when Jeff had at least got his feet under his new desk! My last reading of his comments was that he's against infinite blocks, which might be interpreted as flexibility on a larger fixed limit... |
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"[Ripple] will be fully open sourced soon, so anyone can build on top of it." ( https://ripple.com/how-ripple-works/) AFAICT they would gain far more in credibility by releasing it now than they might lose in community whiplash when they push from one alpha release to the next (and breaking a bunch of stuff in the process). With all the recent investment activity (a16z last month, now Google Ventures), you'd think they would want to use the PR spike to cement mindshare rather than raise more questions. David Schwartz has been really good about trying to answer questions (here and elsewhere), but it seems like he's their one-man army, and there's a backlog of concerns building up.... Ripple will never be open source. Not with major investors sitting at the boardroom table who want to protect their intellectual property. |
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There's been quite a few posts about this. There's a few projects under way iirc.
Yes. Indeed. charles, there are several threads on this idea. Which is a great idea! How about the OPs of these threads crowd-source some plan/project/solution https://bitcointalk.org/index.php?topic=172705.0 |
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Maybe is just a continuation of the limitations in United States against online gambling  Thanks telemaco, and this article is a good find. |
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