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2401  Alternate cryptocurrencies / Altcoin Discussion / Re: Need a team of people for new cryptocurrency on: February 19, 2014, 05:06:43 PM
another pre-mined coin...

failed before it begins..

..................... bored now


It's unreasonable to expect any coin to be developed without a premine.   

Doesn't it matter how the premine is distributed?  I think premining can be done responsibly. 


you want everyone to start the race at the same starting line, but you don't want to give the person who painted the line any preference, of the person who paved the track, or the person that built the arena, or the person that told everyone about the event, or the person that organized the participants, or ... you get the point.


2402  Alternate cryptocurrencies / Altcoin Discussion / Re: Need a team of people for new cryptocurrency on: February 19, 2014, 04:45:09 PM
And what exactly do you bring to the table ? A video?
Hahahaha.
What a loser.
We don't need another coin. We need talented individuals  to innovate applications on the block chain that have real utility. We don't need another useless altcoin. You sound like an idiot who just wants to get in on the scam coin scene.  I am more than happy to fund innovation that will further the adoption of the concencus network, I have absolutely no interest however in some idiot who wants someone else to create an alt scam coin for him to pump and dump.
You are a complete loser .


dude, if you knew the marketing value of what being on youtube's home page is you would not take that position.

If he can both produce a video and get it on YT's homepage it have a marketing value of $100,000.

You don't push away such a force, you embrace it.  
2403  Alternate cryptocurrencies / Altcoin Discussion / Re: Need a team of people for new cryptocurrency on: February 19, 2014, 04:37:28 PM
So i Need a team of people for new cryptocurrency Things that i can provide to the project i can provide a website a good sales video which i will be able to get on the youtube homepage within 24-48 hours so a good amout of people using it can help with the making of the coin just need some people to help upkeep , i know a bit about making cryptocurrency but not a lot so if anything goes wrong down the line i might not be able to get it sorted out so that is why i need some other people on the project using the coin and it will super transcation time , with this coin all the people working on the project will start mining before the public do so they will reccive a good amout of coins , we will have many diffrent ways of getting the coins other then mining like a lottery , games surveys videos and much more and we will add new features reguraly just i need a team to work on it with me

It's clear that you know very little about the cryptocurrency game, but if you can get on the youtube home page without a problem, you are a fantastic resource.

I strongly suggest that you join up with a couple other new coins and monitor every step as that experience will serve you well.

What's your youtube username?
2404  Bitcoin / Bitcoin Discussion / Re: Miami arresting people for use of Bitcoin on: February 19, 2014, 04:28:39 PM
Two transactions does not make him a "money transmitter".
"I will think about it", does not imply "Yes, I think I will", it implies, "I am unsure if I will participate, and have decided not to answer you at the moment".

I guess you haven't read what I wrote a few post before, about the article being misunderstood regarding the story of the stolen cards: he's probably prosecuted not because he said "I'll think about it" re the proposed illicit activity.. that part is written in the document only to prove that he KNEW what the undercover agent was dealing with and which was the purpose of the bitcoins he wanted to buy.


"that part is written in the document only to prove that he KNEW what the undercover agent was dealing with"

my contention is that it only proves that the listener identified a question, it doesn't prove anything meaningful, in fact it more likely proves a disinterest because his response was generic and curt essentially a "give me your money and leave me alone" answer.  



While I agree; it's going to be up to the interpretation of the jury to determine his guilt...

The Police don't care if he had any intent. They do nothing but write the summons...

I think he'll get off in court because he owned the Bitcoins and wasn't selling them for somebody else. If he even suggests that he was afraid upon learning that the undercover was potentially an armed criminal and that he had no intentions to ever do business with this person again.

The cops could do this with a used car sale... It's going to be up to the court to determine his guilt...


I'm on record (see wayyy above) for saying that I believe the the effort wasn't worth the charges.   Meaning, I think the only thing these guys are guilty of is not having a MSB license, and being to ambitious in trying to serve their customers.   I further speculated that such a grand effort presumable starting out from a localbitcoin ad is unreasonable. 
My speculation is that those arrested probably screwed too many customers which resulted in the sting and subsequent arrests. 

A plea deal might include them not doing any more MSB for 1 year+.  They can't afford bail, or a private esq, so I'm confident this isn't going to trial, it will plea out and be over with.    If this goes to trial, the court will likely be pissed at the DA even if a conviction is gotten for the no license.   If the ADA moves forward with the ML charge, they must have a whole lot more evidence that what we are prevy to.



2405  Bitcoin / Bitcoin Discussion / Re: Miami arresting people for use of Bitcoin on: February 19, 2014, 04:14:54 PM
Quote
The guidance explains how FinCEN’s “money transmitter” definition applies to certain
exchangers and system administrators of virtual currencies depending on the facts and
circumstances of that activity.
Those who use virtual currencies exclusively for common
personal transactions like buying goods or services online are not affected by this guidance.

They actually released a statement, that this was targeted at "registered businesses", and "those operating as a business, with large sums of clients and monies". Not individual John-Doe's who sell a few coins for a profit. That is just asset sales, and treated as such. (Transactions over $10,000 or volumes over $10,000 by any one person, are the target of the laws. Not single transactions under $10,000.)

Two transactions does not make him a "money transmitter".

"I will think about it", does not imply "Yes, I think I will", it implies, "I am unsure if I will participate, and have decided not to answer you at the moment".

If he was willing, that would never have been said. It would only have been said if he didn't want to do it, or had reservations about participation in facilitating the aforementioned apparent confession of illegal activities.

Getting arrested only implies that they "think" you may be guilty of a crime. The judge is the one who determines if any crime has been committed. To cover all ground, for possible convictions, the arresting officers will charge you with many things, and hope some are actual things which might be upheld in court. Rarely does anyone ever get found guilty of all charges, in most cases. They could have thrown j-walking in there, just to be dicks.

They acted rash, obviously an attempt to "ride BTC coat-tails", to try and make an example out of someone. That, or they actually had reservations that this person was conducting illegal activities, or just assumed so, because of the mention of BTC. (In light of news like silk-road, and due to lack of understanding what BTC actually is. We call those "white-knights", who are often misinformed, and get made to be the fools and branded forever as witch-hunters of the modern day.)



What made him a money transmitter, and an illegal Money Service Business is the fact that he charged a fee for the professional business service.  

Had they simply used their own money to sell to the officers P2P that would have been a different story, at that point there would be no fee just an inflated sale price.

2406  Bitcoin / Bitcoin Discussion / Re: Miami arresting people for use of Bitcoin on: February 19, 2014, 03:53:14 PM
Two transactions does not make him a "money transmitter".
"I will think about it", does not imply "Yes, I think I will", it implies, "I am unsure if I will participate, and have decided not to answer you at the moment".

I guess you haven't read what I wrote a few post before, about the article being misunderstood regarding the story of the stolen cards: he's probably prosecuted not because he said "I'll think about it" re the proposed illicit activity.. that part is written in the document only to prove that he KNEW what the undercover agent was dealing with and which was the purpose of the bitcoins he wanted to buy.


"that part is written in the document only to prove that he KNEW what the undercover agent was dealing with"

my contention is that it only proves that the listener identified a question, it doesn't prove anything meaningful, in fact it more likely proves a disinterest because his response was generic and curt essentially a "give me your money and leave me alone" answer.  

2407  Economy / Service Discussion / Re: Question: Any Cryptocurrency Exchanges That Sell Options? on: February 19, 2014, 03:41:12 PM
I'm surprised noone gave you a real answer.

https://icbit.se/ ICBit offer options of various kinds, on BTC price, network difficulty and possibly others.
https://www.predictious.com/ Predictious offers prediction markets, some of which allow bets on BTC price, which is essentially a type of option.
Mpex also offers options but there is a massive sign-up fee to use it. There is a pass-thru market somewhere but I forget its name.


BINGO!!!    Thanks a lot.

I really like that second one.  Have you any experience with either of those sites? 



2408  Bitcoin / Bitcoin Discussion / Re: Miami arresting people for use of Bitcoin on: February 19, 2014, 12:31:39 PM
As far as I know Bitcoin is not considered as money.
Then buying bitcoins with cash is like buying cars with cash.
Buying a car worth of 30 000 USD with cash is also a money laundering ?

P2P on that car deal, no problem; if dealer is involved simply must report.


this is the guide:
http://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html


this is from the horse's mouth:

REMARKS OF JENNIFER SHASKY CALVERY
DIRECTOR
FINANCIAL CRIMES ENFORCEMENT NETWORK
 
THE VIRTUAL ECONOMY: POTENTIAL, PERPLEXITIES AND PROMISES
UNITED STATES INSTITUTE OF PEACE
 
WASHINGTON, DC
JUNE 13, 2013
 
Good afternoon. It is a pleasure to be joining you at this event to discuss the potential,
perplexities, and promises of the virtual economy. I would like to thank our co-hosts, Thomson
Reuters, as well as the International Centre for Missing & Exploited Children, for inviting me to
join you today. I would also like to thank the U.S. Institute of Peace for providing us with such a
beautiful venue for our discussions.
 
First, a few headlines from the past several weeks, which not only sum up the very theme
of today’s discussions, but also illustrate how different our perspectives can be:
 
“Is the Government Trying to Kill Digital Currency?”
 
“Feds shut down payment network Liberty Reserve. Is Bitcoin next?”
 
“FinCEN’s New Regulations Are Choking Bitcoin Entrepreneurs.”
 
Or, on the other hand:
 
“A little regulation may boost Bitcoin’s Main Street cred.”
 
“New Money Laundering Guidelines Are a Positive Sign for Bitcoin.”
 
“Feds don’t plan to take down Bitcoin or other currencies.”
 
But, my personal favorite has to be, “FinCEN boss lays out Bitcoin rules.” If only it was
that easy.
 
One thing is clear – depending on what you read, FinCEN’s virtual currency guidance
has been the worst thing, or the best thing, to ever happen to virtual currency, and Bitcoin in
particular.
  
2
 
Taking a step back, for those of you who might not be as familiar with the work of
FinCEN, let me take a moment to give you a quick overview.
 
FinCEN is a bureau of the Treasury Department, and reports to the Office of Terrorism
and Financial Intelligence. With approximately 340 employees, we are relatively small
considering our broad responsibilities. Our mission is to safeguard the financial system from
illicit use and combat money laundering and promote national security through the collection,
analysis, and dissemination of financial intelligence and strategic use of financial authorities.
 
A key aspect of FinCEN’s mission is to administer and issue regulations pursuant to the
Bank Secrecy Act (BSA). The BSA requires a broad range of U.S. financial institutions --
including banks, money services businesses, casinos, insurance companies, securities and futures
brokers, and some trades or business, like car dealerships -- to assist U.S. government agencies
in the detection and prevention of money laundering. Financial institutions do this by instituting
effective anti-money laundering (AML) programs, and maintaining records and filing reports
with FinCEN. FinCEN, along with its law enforcement partners, uses the data contained in these
reports to detect and deter money laundering, terrorist financing, and other financial crime.
 
Now, back to those headlines I mentioned at the outset. It is in FinCEN’s regulatory area
that our interests first intersected.
 
This March, FinCEN issued interpretive guidance to bring clarity and regulatory certainty
for businesses and individuals engaged in money transmitting services and offering virtual
currencies.
 
Some in the press speculated that our guidance was an attempt to clamp down on virtual
currency providers. I will not deny that there are some troublesome providers out there. But, that
is balanced by a recognition of the innovation these virtual currencies provide, and the financial
inclusion that they might offer society. A whole host of emerging technologies in the financial
sector have proven their capacity to empower customers, encourage the development of
innovative financial products, and expand access to financial services. And we want these
advances to continue.
 
However, equally important is the need to ensure integrity and transparency. Because the
fact is, being a financial institution comes with certain responsibilities. And our recent guidance
is an important step to get us there.
 
FinCEN’s guidance explains that administrators or exchangers of virtual currencies have
registration requirements and a broad range of AML program, recordkeeping, and reporting
responsibilities. Those offering virtual currencies must comply with these regulatory
requirements, and if they do so, they have nothing to fear from Treasury.
 
The guidance explains how FinCEN’s “money transmitter” definition applies to certain
exchangers and system administrators of virtual currencies depending on the facts and
circumstances of that activity. Those who use virtual currencies exclusively for common
personal transactions like buying goods or services online are not affected by this guidance.
  
3
 
Those who are intermediaries in the transfer of virtual currencies from one person to
another person, or to another location, are money transmitters that must register with FinCEN as
MSBs, unless an exception applies. Some virtual currency exchangers have already registered
with FinCEN as MSBs, though they have not necessarily identified themselves as money
transmitters. The guidance clarifies definitions and expectations to ensure that businesses
engaged in similar activities are aware of their regulatory responsibilities and that all who need
to, register appropriately.
 
It is in the best interest of virtual currency providers to comply with these regulations for
a number of reasons. First is the idea of corporate responsibility. Legitimate financial
institutions, including virtual currency providers, do not go into business with the aim of
laundering money on behalf of criminals, such as those who would exploit children. Virtual
currencies are a financial service, and virtual currency administrators and exchangers are
financial institutions. Any financial institution and any financial service could be exploited for
money laundering purposes. What is important is for institutions to put controls in place to deal
with those money laundering threats, and to meet their AML reporting obligations.
 
At the same time, being a good corporate citizen and complying with regulatory
responsibilities is good for a company’s bottom line. Every financial institution needs to be
concerned about its reputation and to go out of its way to show it is operating with transparency
and integrity within the bounds of the law. Customers are going to be drawn to a virtual
currency administrator or exchanger where they know their money is safe and where they know
the company has a reputation for integrity. And banks will want to service administrators or
exchangers that show great integrity, innovation, and transparency.
 
But those institutions that choose to act outside of their AML obligations and outside of
the law are going to be held accountable. FinCEN will act to stop abuses of the U.S. financial
system.
 
Just a few weeks ago FinCEN named Liberty Reserve as a financial institution of primary
money laundering concern under Section 311. Liberty Reserve operated as an online money
transmitter deliberately designed to avoid regulatory scrutiny and tailored its services to illicit
actors looking to launder their ill-gotten gains. According to the allegations contained in a
related criminal action brought by the U.S. Department of Justice, those illicit actors included
criminal organizations engaged in credit card fraud, identity theft, investment fraud, computer
hacking, narcotics trafficking, and most relevant for today’s purposes, child pornography.
 
 The 311 action taken by FinCEN was designed to protect the financial system from the
risk posed by Liberty Reserve – an online, virtual currency, money transfer system that was
conceived and operated specifically to allow – and encourage – illicit use because of the
anonymity it offers.
 
Let me go back to the guidance I discussed earlier. FinCEN has been out front in issuing
our guidance to make it clear that we see virtual currency administrators and exchangers as a
type of money services business. These businesses are as much a part of the financial framework
as any other type of financial institution. As such, they have the same obligations as other
financial institutions, and the same obligations as any other money services business out there.
  
4
 
But keep in mind: this action was taken against one financial institution and one type of
financial service. That’s what a criminal case is, and that’s what a regulatory action is – an
action against a particular violator. With this action we were not painting with a broad brush
against an entire industry. I do not think that is fair to any industry in any situation, let alone this
one.
 
I do want to address the issue of virtual currency administrators and exchangers
maintaining access to the banking system in light of the recent action against Liberty Reserve.
Again, keep in mind the combined actions by the Department of Justice and FinCEN took down
a $6 billion money laundering operation, the biggest in U.S. history.
 
We can understand the concerns that these actions may create a broad-brush, reaction
from banks. Banks need to assess their risk tolerance and the risks any particular client might
pose. That’s their obligation and that’s what we expect them to do.
 
And this goes back to my earlier points about corporate responsibility and why it is in the
best interest of virtual currency administrators and exchangers to comply with their regulatory
responsibilities. Banks are more likely to associate themselves with registered, compliant,
transparent businesses. And our guidance should help virtual currency administrators and
providers become compliant, well-established businesses that banks will regard as desirable and
profitable customers.
 
Every financial institution, whether a brick and mortar bank or a virtual currency
administrator or exchanger, should be concerned about its reputation. Integrity goes a long way.
I recently heard a banker say that there is a reason that financial institutions have to obtain
licenses. It is a great bestowal of trust that enables banks to be part of the U.S. financial system,
to be part of the global financial system. And that trust -- that privilege -- comes with
obligations. One of those obligations is a responsibility to put effective AML controls in place
so that the type of criminal actors that showed up in the Liberty Reserve case are not able to
operate with impunity in the U.S. financial system.
 
In closing, I just want to circle back to the themes of today’s event. Much of what I
discussed today focuses on how we are approaching the “perplexities” of virtual currencies, and
those are discussions we need to continue to have going forward. But the “potential” and
“promise” these advances offer our economy are equally important. The innovations we are
seeing within the financial services industry are a benefit to commerce on many levels. From
providing services to the unbanked, to the development of new financial products, the virtual
economy holds great promise. However, I would like to close with a challenge to our great
innovators: extend your focus to devising creative solutions for preventing the abuse of virtual
currencies by criminals, such as those who would exploit children. We all stand to benefit from
such innovation, and the related transparency and integrity to our financial system.
 
 
###


additional reference:


Money Services Business - The term "money services business" includes any person doing business, whether or not on a regular basis or as an organized business concern, in one or more of the following capacities:

(1) Currency dealer or exchanger.
(2) Check casher.
(3) Issuer of traveler's checks, money orders or stored value.
(4) Seller or redeemer of traveler's checks, money orders or stored value.
(5) Money transmitter.
(6) U.S. Postal Service.

An activity threshold of greater than $1,000 per person per day in one or more transactions applies to the definitions of: currency dealer or exchanger; check casher; issuer of traveler's checks, money orders or stored value; and seller or redeemer of travelers' checks, money orders or stored value. The threshold applies separately to each activity -- if the threshold is not met for the specific activity, the person engaged in that activity is not an MSB on the basis of that activity.

No activity threshold applies to the definition of money transmitter. Thus, a person who engages as a business in the transfer of funds is an MSB as a money transmitter, regardless of the amount of money transmission activity.

Notwithstanding the previous discussion, the term "money services business" does not include:

A bank, as that term is defined in 31 CFR 1010.100(d) (formerly 31 CFR 103.11(c)), or
A person registered with, and regulated or examined by, the Securities and Exchange Commission or the Commodity Futures Trading Commission.
For the complete regulatory definition of "money services business", see 31 CFR 1010.100(ff) (formerly 31 CFR 103.11(uu)).

Note: Each money services business (MSB) is a financial institution. For the regulatory definition of "financial institution," see 31 CFR 1010.100(t) (formerly 31 CFR 103.11(n)).


This is the official site
http://www.fincen.gov/
2409  Economy / Digital goods / Share your cryptocurrency video with us on: February 19, 2014, 04:42:15 AM
We are compiling video stories of cryptocurrency enthusiasts for a project if you would like to have your voice heard (and perhaps face seen) on any matter that you would like to share about cryptocurrency we would like to incorporate it into the project

the story could be anything of general interest, for example:

how you were first introduced to bitcoin
your first trade,
your opinion on exchanges
when you made a fantastic profit
when you thought bitcoin was illegal

your reaction to the Satoshi paper
your first mining experience

when you knew how to make money in the CC
when you  decided to take CC seriously

how you felt at cc conventions


tell us your story and become a part of CC history.
2410  Economy / Digital goods / Domain Name For Sale #7---> www.CRYPTOCURRENCYLAUNCH.COM on: February 19, 2014, 04:27:35 AM
Domain Name For Sale ---> www.CRYPTOCURRENCYLAUNCH.COM

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
 
I have no minimum or maximum, I like doing the type of deals that result in two happy principals --  WIN-WIN  deals




Yes, I have other domains available for sale and am willing to bundle.
2411  Economy / Service Discussion / Re: Does coindesk.com write for payment? on: February 19, 2014, 03:55:34 AM
yes, I've seen many of their article, all via forum posts nevertheless all that I saw were informative, sometimes entertaining, but ALWAYS more than I would have gotten from radio, TV, or most other media.


2412  Economy / Service Discussion / Re: Does coindesk.com write for payment? on: February 18, 2014, 11:07:31 PM
It doesn't matter if:

the company gets paid by the people they are writing about,
the company accepts advertise from the people they are writing about,
the company doesn't accept money from the people they are writing about,
the company doesn't accept money at all,
the company is for profit,
the company is not for profit,
the company is losing money,
the people who work for the company get paid by the people they are doing the story on,
the people who work for the company are salaried reporters,
the people who work for the company are freelance reporters,
the people who work for the company give their info from various sources (news feeds, etc ...)
etc ...


if the person reading the stories read them with a degree of intelligence.

99.999999999999999% of the time the person writing the story is not writing from first hand experience (he wasn't there), and is simply REPORTING, what information that he or she has gathered. 

2413  Economy / Digital goods / Domain Name For Sale #6---> www.CRYPTOCURRENCYREGULATIONS.COM on: February 18, 2014, 09:33:45 PM
Domain Name For Sale ---> www.CRYPTOCURRENCYREGULATIONS.COM

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
 
I have no minimum or maximum, I like doing the type of deals that result in two happy principals --  WIN-WIN  deals




Yes, I have other domains available for sale and am willing to bundle.
2414  Economy / Service Discussion / Question: Any Cryptocurrency Exchanges That Sell Options? on: February 18, 2014, 01:07:19 PM
So I'm looking at a cryptocurrency doing one of those market currections after the media hype, and wondering where I could get a put option

are options available in the CC market, if so where can they be had?

thaks
2415  Other / Archival / Re: [DOMAIN] cryptocurrencies.* domain names for sale on: February 18, 2014, 11:42:56 AM
great listing, I wish you the best to sell them

I too sell cryptocurrency domain names 
2416  Economy / Digital goods / Domain Name For Sale #5 --->www.CRYPTOCURRENCYHISTORY.COM on: February 18, 2014, 11:37:14 AM
Domain Name For Sale --->www.CRYPTOCURRENCYHISTORY.COM

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
 
I have no minimum or maximum, I like doing the type of deals that result in two happy principals --  WIN-WIN  deals




Yes, I have other domains available for sale and am willing to bundle.
2417  Bitcoin / Bitcoin Discussion / Re: Women have to take the lead! on: February 18, 2014, 11:10:24 AM
Quote
miner perhaps, you clearly have fantastic digging-a-hole-and-make-it-deeper-faster skills ...  

Cheesy

And you're an expert at poorly veiled passive-aggressive accusations of racism towards people you disagree with, are you a news anchor?


hahahaa, no, no, noooo this isn't about me hahahahaha

you dig a hole, then cry and lash out when a passerby points it out ... enjoy your hole

you get the last word


2418  Bitcoin / Bitcoin Discussion / Re: Instead of Foodstamps, hows about Bitcoins? on: February 18, 2014, 10:49:58 AM
i thought the whole point of decentralized currencies like bitcoin was to lessen government interference so we can prevent and move away from the proliferation of corrupt entitlement programs such as SNAP subsidies, so no.

that point is to keep govt out of cryptocurrency biz not that govt can't use CC
2419  Economy / Speculation / Re: Is Mr. Gox playing like the cat with the mouse ? on: February 18, 2014, 09:27:31 AM
If I were mr. Gox I would buy Bitcoins on my system (closed for everyone else) and selling them on Bitstamp for a nice 100% or more gain, without taking any risk.

Why should I work to restore the normal operation of my system and lose this wonderful opportunity to make huge gains ?

Nick.


If gox is insolvent and doesn't have any bitcoins, then buying imaginary bitcoins from their customer's account ledgers wouldn't make a difference.

In the last few days daily volume on Mt. Gox was around 50K BTC/day (http://bitcoincharts.com/markets/mtgoxUSD.html). With a rough income of 250 BTC/day of commission for Mr. Gox. Sold on BitStamp these 250 BTC are worth around 160K$.

If he's able to move this money back to Mt.Gox, he can buy 500 BTC or so, doubling he's wealth. Even if it takes 2 days for a whole loop, we are talking about big money.

In a week he's able to easily make around 5,000 BTC, and the money will double every week. If he's able to keep withdrawalk closed on his site for some weeks, he can buy back all the BTC that were stolen/lost/sold and be back on business.

Not a bad recovery plan, after all.

Nick.


In a scheme like that
1)  you pretty much need the complicity of the CFO, and a staff of about 20 super loyal and confidential employees to work 12 hr days to pull that off.
2)  you need the market to continue to rise on one side (non MG btc) and not the other side (MG btc),
3)  the numbers you posted must also reflect the fact that the fees collected will only be from his customers,
4)  he must have a stable supply of low price inventory to buy, if MG seller stop selling or only sell high then the scheme doesn't work
5)  if he goes to another market place with a bucket full of CC the price at that market will fall, if they used accounts connected to them the paper trail will be too clear, so they would need many anonymous accounts at multiple exchanges to do multiple transactions a day such that that is doesn't reduce the market value, or trigger internal flags that may indicate improper market manipulation activity.
6)  for the exchanges that have 'know your customer laws' policies it will be a major stumbling block.  
7)  for the exchanges with 2 layer authorization it will present a logistical nightmare
8 )  you could expect hacking activities to surge even more so that usual if the CC community feels such a scheme is a foot
9)  if they use aged accounts that may have already been flagged in the past for inappropriate  behavior but didn't materialize to any closure or investigation, a new trigger may result into multiple investigations of not just current but also past actions.
10)  only MG, bitstamp and btc-e did the no withdrawal thing, if any other exchanges did it and if MG funds were stuck there the scheme suffers


real life often works a bit different than on paper
2420  Bitcoin / Bitcoin Discussion / Re: Women have to take the lead! on: February 18, 2014, 08:17:39 AM
inb4 people try to imply I'm a racist or racist trolls come onto the thread Tongue

it's all the fucking same really, if you want to treat people equally it's down to just leaving them alone to make their own decisions and not constantly trying to manage their lives >_<


miner perhaps, you clearly have fantastic digging-a-hole-and-make-it-deeper-faster skills ...


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