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Cryptocurrency projects,
#1, the cryptocurrency (CC) faucet site, the site will host a minimum of 10 faucets and provide links to a minimum of 100 offsite CC faucets. All CC developers are cordially invited to be a part of our project planning.
Currently we have the site name (CryptoCurrencyFaucets.com), a host location, a web developer partner, an anchor advertiser, and lots of links to offsite faucets -- we are looking for a content partner.
If you are a CC author, creator, or developer we are offering you hosting space on the site for your faucet. Currently only two spaces are reserved so there are 8 spaces that must be reserved before we can launch.
To accept our offer to participate in the CryptoCurrencyFacuets.com project just respond according to this message.
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I think that "self regulation" is up to the individual- We should regulate ourselves- who/what we do business with- I don't want any person or organization/government to regulate what I do with my crypto- I regulate myself- WHY would anyone want regulation?
The current "regulated" master/slave world SUX
History has shown that the human factor brings corruption- I'd rather trust the math- Bitcoin is solid- people... not so much.
It sounds like you have not yet been the victim of any cryptocurrency wrong doing. It won't take long for you to hear of stories of how people got ripped off, from the computer virus that can empty your wallets, hackers that can empty wallets and accounts, and use your wallet to receive funds stolen from other accounts, account snatching by bad employees of good exchanges, meetup associates, family members, or even law enforcement when your funds are at an exchanges embroiled in a money laundering scheme, not to mention the various pump and dump schemes, or the exchanges losing money, delaying trades, stopping withdrawals, etc ... And just when you think you have it all figured out by eliminating the exchanges, only doing Peer to Peer deals, you plan to store the coins using a paper wallet with keys that were generated by a computer that never saw the internet; and you will only sell your coins after making sure that your money is safe in your bank. So the scam artist answers your localbitcom ad saying that you are selling 1 btc for cash deposit to your bank account, he passes all of your security checks in terms of name address phone and even ID checks (a bit much just to buy btc, but that's your rule), the deposit of cash is made, you trust that the bank won't accept counterfeit currency, he faxes you a copy of the receipt you see it in your balance and you verify it with your bank. So you send the btc code to the customer. The following day the bank calls you in a conference call with local police, turns out that the person that made the deposit to the account was a victim of a scam (could be one of very many out there) in which the customer is told to make a payment in that way. After the victim doesn't receive his goods, service, or relief he goes to the bank and police with receipt in hand and demands his money back, the call to you is to determine if you know the guy and if you told him to deposit the funds to the account? You have his name, address a different phone number, and copy of his id, so you say yes, but when you tell them it was about his btc purchase, they tell you thanks for your assistance hang up. The next time you look at the account the funds are gone, the man got a refund, and the scam artist get your btc. If you had a safe, insured, and self-regulated cryptocurrency industry it is highly unlikely that you would go though such elaborate measures to buy sell or secure your CC. Notwithstanding, just because you are safe doesn't mean the system is safe. |
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Two things:
- There are many "self-regulated" alternatives. Who wants regulated market has plenty of choice. Please leave some Atlantis for the ones who do not.
- Bitcoin IS NOT a way to get rich in fiat. It would help tremendously if people stop recalculating Bitcoin gains and loses to USD, EUR, etc. If you want fiat stay in fiat.
hahahahahaaaaa that's great to say in a vacuum but it cost you fiat to buy all of the equipment to mine the cryptocurrency, it cost fiat to secure the cryptocurrency, it cost fiat to create the infrastructure to be able to have a digital industry. I remember when credit card was not used for everyday goods, now credit cards are ubiquitous, it's essentially digital fiat. Connections to fiat are necessary in the early stages in order to move the endeavor along faster than a snail's pace. Just because the 'umbilical cord' is cut doesn't mean you must be absolutely detached. You know that you do not have to mine and do not have to buy BTC for fiat, do you? (There are other ways to get BTC, such as offering competitive goods and services to the ones already owning BTC.) You can secure CC by BTC payments, you can pay for infrastructure in BTC... Credit card is just another "way how to use fiat" such as bank accounts are representations of fiat. BTC is not a representation of fiat, although it can be one of its many functions. Same apply for other CC to some degree. Again you are speaking in a vacuum, cryptocurrency (CC) must be created before it could be used, the creation of CC beit btc or any other FIRST CC must be done with equipment originally involving fiat. Even if computers grew on trees the trees would still need to be grown and picked, then the computers would need to be packed and shipped; sold to wholesalers, retailers then to consumer, but that only gets you the computer, now you need a place to put it (like a house or library), electricity, internet service; don't forget you also need people to program the computer, and to create all of the other programs to enable you to do what you want with that computer, are you getting it now? Ok, now you created your first CC, now you need to create whole CC community, network, industry, then economy then at that point you will be at about where the USA was about 200 years ago when we thought that our brand new USD would enable us to never be involved with another British pound again. Everyday I work with British pounds, although I never see a single one. CC is simply another resource. |
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No, they arrested people for money laundering and finCEN violations.
No, they arrested people for buying and selling bitcoins, and are calling it money laundering. No they arrested people who sold bitcoin without a money service business license. YOU CAN NOT SELL BITCOIN FOR FIAT, if you do you become a money transmitter and can be breaking anti money laundering laws. Kindly reference the laws that you are talking about, because I don't see how selling bitcoin for fiat is any different than selling gold for fiat, defunct currency for fiat, selling stamps for fiat, or selling, or selling like or unlike fiat for fiat. Supposedly they are laundering the money (fiat) not the bitcoin so the presumption is that they take illegal "CASH" to purchase bitcoins then use the bitcoins to make legal purchases. The part about not having a license is a technicality that gets taken care of with an application, however money laundering is a crime even with a Money Service Business license, that license doesn't give you the right to launder money. I'm very suspicious of the motive for the investigation, it seems to be a grand waste of resources to have fed officers (FBI and Secret Service) presumably contacting random localbitcoin sellers in an effort to hit them with money laundering charges. My guess is there was something else that was the true reason for the sting. I'll go out on a limb and say the guys probably ripped off too many btc buyers as such had to be shut down one way or another. |
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Everyone has such short memories.
Do you remember prices falling from $20 to $2 or how about from $240 to $60. Huge percentage moves. Each time due to 'terrible news' Last time was GOX's $9 million seized. It's always the same of thing. $1242 to $600. That is an incredible improvement and begins to suggest the broader adoption. So now you will have the doldrums until the $8000 price spike later this year. Enjoy folks this is the peaceful time during the adoption curve. I am glad it is all over with, now I can collect my thoughts and just wait it out again.
hops, skips, and the jumps of the btc market notwithstanding, why in this climate, earth, or universe would you maintain any coins whatsoever in Mt Gox, is it a loyalty thing? |
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Good explanation. Thank you.
Now I wonder, why someone doesn't open a bank called 'The Bitcoin Bank' and operate it in a country like Germany, Finland or the other few that actually regulated bitcoin in a positive way?
because at that point they would be a bank first, a bitcoin facilitator second, even if their only "currency" is cryptocurrency. |
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The report is a lot more clear than the newspaper article. It seems fairly clear that the seller really didn't have problems engaging in illegal activity. The fact that he said that he would think about selling the stolen credit cards for BTC makes his case even worse.
That's not to say that the police weren't participating in entrapment, but perhaps there was other evidence not listed in this report that made them think that they were already involved in illegal activity.
It is clear that way more people know about Bitcoin now than a year ago, and you can't really get away with the sorts of things that you might have been able to get away with in the past.
firstly you should be reminded that the report is unilateral but it should be fairly, if not reasonably, obvious that the "I'll think about it" was merely a brush off. |
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What happened?
Nothing sir.. just discussing and trying to predict what is impossible to predict BTC rate  it was some 540$/BTC just few moments ago.. so few investors got regular panic attack..! but i don't think they should bother about what happening in market on daily basis, rather look back after 3-5years, nd i'm sure like many others that everyone who invested in BTC will surely have a smile on there face The market was technically weak before GOX goxxed everyone. If it hadn't been for this epic panic I would have been betting that the week would continue weak and slumping. However, a drop of 80% does not happen in a normal market. Normally it wouldn't be allowed and people would fear that intensely. However Bitcoin markets are pure and don't give two shits about what price people want to sell at so we got our epic 100 USD sales and it may very well have brought to this moment, a LOT earlier in time, many of the weak hands that would have normally waited till later in the week/month to participate in some epic capitulation. We have just entered uncharted waters but I think that the exchange market for Bitcoin just gained A LOT for the long term in the form of lower volatility. Evolution works fast in such a pure market and the predators FUD'ers might have played their role today. the FUDers would be powerless if the CC market took the air out of the media manipulators and hypers balloons. Bitcoin deserves a stable market, structured on truth, proof, and responsible accountability. Hm, Bitcoin deserves people not prone to FUD and hype, but doing their own research thorouglhy. There is no problem in creating "insured exchange" with accountability, insurance, trading interruptions in the times of high volatility, etc. Such exchanges would probably limit high frequency daytrading, tape-painting, set limits for trade bots, be cooperating in government... All this is fine and well. As long as such exchanges present themselves as "an alternative" but not as "the only alternative". The ones desiring such exchanges would trade on them and sacrifice profit, liberty and self-responsibility for more security and assurances. Everyones choice. This is like investment triangle. Investment can be profitable or low risk or liquid. Choose one. Very good investments can be two of these things. No investment is all three. Same goes for services. Cheap, fast, reliable (high-quality). Choose two. Do not cry that they "ought to be all three". agreed but you know that hype moves movies and magazines, that blood determines the headlines and pain drives the news so how does the cryptocurrency industry grow around it? How do we show newcomers how to protect their self interests? |
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Nooo, self-regulation is evil because it needs work... let's just hide our heads in sand and wish we can get rich quick by buying low and selling high.. the free market will sort out everything!
Now, with jokes aside, I have been trying to tell everyone that there needs to be self-regulation in the market system, but I have basically gotten zero interest on that idea.
I think that bitcoin is doomed, because most in the community are lazy, uneducated and have a vision of an mole. They are the same people who listen to motivational speakers and buy self-help books, so they can be millionaires. No real work or development is needed for those people, you only have to believe really hard that you are awesome, and red carpets will roll and champagne will fall from the sky!
When most of the community consists of people like that, then it's foolish to hope that anything gets done. Everyone will just wish really hard that bitcoin will cost quad-zillions in the future and they will be the new wealthy l33t.
I know it's tempting to dismiss counter arguments by portraying the people making those arguments as stupid or lazy, but I assure you it's not doing your argument any favours. If you want to change people's minds, you have to come up with something a little more substantial than ridicule. The argument against you is that Bitcoin's current implementation is a pure transaction between two parties. Any attempt to regulate or legislate automatically adds more parties to the mix and therefore breaks the "pure" system we currently enjoy. It's neither lazy nor stupid to argue against the point you're trying to make. It leads in a direction that the vast majority of us do not want to go. [/quote] Oh you are right, however you are confusing gov reg with cryptocom self reg, which does need more parties. The "two party" system is fantastically rare, which is why exchanges are so vital, don't forget intrinsic to the system is the necessity for mining which 99.999999999999999% of the time isn't done by either one of the parties in the CC trade transaction. So again there is a need for more that the core two principals. The Heart and the Brain may get the most attention in the human body, but without the vital support organs the system will die, the kidneys can't decide to stop filtering on wednesdays because the blood is too dirty, the lungs can't decide to work on alternate days because capacity is light, and we all know the story about respecting the A-hole The point is for proper growth and development the cryptocurrency system it needs SELF regulation -- a way to properly get rid of the waste, before a third party has to remove it for us. |
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It doesn't need regulation of any kind. Regulation will kill the currency. It needs less reliance on shitty, centralised, third-party exchanges like Gox.
So if you don't want to call it "regulation" what do you call it? How does the cryptocurrency community "control", "monitor", and/or "influence" a company like MG when it "appears" to have gone rogue? How does the a "responsible" cryptocurrency industry standardize principled behavior in the CC community, particularly from it's major actors (ie MG)? |
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If its price is extremely volatile its not a stable store of value. Period.
very true, but that's just a symptom of the problem the real problem is a weak and untrustworthy infrastructure, apparently people are only here to see the market value increase, not to see the actual cryptocurrency (CC) used in industry. If CC btc was used in industry as much as it is traded or even half as much it would exhibit greater stability even in the face of disappointing news from a major exchange. |
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When things are all rosy and profits are flowing everyone wants govt to go away, but as soon as markets fall, profits turn to losses, business leaders get irresponsible, and customers service is nowhere to be found suddenly govt is speed dial 1.
2014 is the time when the various facets of the cryptocurrency industry must start forming alliances to monitor, certify, verify, or otherwise regulate the industry. sector by sector.
Yesterday's pump and dump hurt tomorrows promising CC start-ups. Security must be increased on every level. The cryptocurrency community must prove to the world that it can be trusted with the world currency even if it has 300 different faces.
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hello everybody,
i am today transfered bitcoins from cryptsy to btc-e and i not see it. what can i do?
i can recover it or something?
thank you guys!
it might be there but you might not recognize it since it lost so much weight over the weekend |
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Great news from singapore nonetheless, at least they have recognized it as a "good" This is also very good Norway I believe also considers it a "commodity" (aka a 'good'), however it is not a good or a commodity. this isn't good at all, in fact it's a great way to destroy the cryptocurrency economy before it gets firm footing. |
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Bitcoin price is dropping like a rock, but some US exchanges are doing their best to slow the decline.
You think the feds started to 'cash' in the coins from their most recent busts?
Where do you think the floor will be by Monday
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Dear Cryptocurrency Designer:
Presently I'm planning to develop CryptoCurrencyFaucet.com, a website just for CC faucets. It will host at least 10 faucets and will also provide links to at least 100 other offsite faucets.
My question to you is would you like to have a custom made faucet, with your design input, on such a site promoting your coin, plus offsite link(s) to your other faucet(s) all for FREE?
Well that's what we are offering the first 10 cryptocurrency developers who take advantage of our fantastic cryptocurrency deal.
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Hi I'm looking for two people for Cryptocurrency Faucet project.
I will contribute the domain name (CryptoCurrencyFaucet.com),hosting, and the advertisers, the web developer will contribute a dynamic website, and the content guy will contribute the faucet content. The content guy is not just providing good links to active faucets, but also getting deals for our hosted faucets too.
Together we determine the value of each responsibility then split the revenue (advertising and hosted faucet fees) accordingly.
The objective of the site is to be a cryptocurrency faucet resource; the site will host at least 10 highly attractive faucets and also provide links to at least 100 other offsite faucets The site should be wonderful to look at and a joy to experience.
I'm open to all comments, suggestion, and opportunities.
I have many other CC projects for associated partners if you have web development skills or specialized content gathering skills
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Greetings, I have a number of CryptoCurrency URLs that I am planning to develop, I'd like to have advertisers on all levels, from the anchors which will purchase prominent space for the long term across the board, to specialty advertisers who want to focus on a specific site or target market. Here is a sampling of sites that I plan to develop first: www.CRYPTOCURRENCYFAUCETS.COM - single page site dedicated to being a cryptocurrency faucet resource and guide www.CRYPTOCURRENCYGIVEAWAYS.COM - a site providing a variety of cryptocurrency giveaways, most of the giveaways will be hosted right on the site www.CRYPTOCURRENCYHISTORY.COM - think of this as the wiki of cryptocurrency, a truly comprehensive guide to cryptocurrency that will set the benchmark for crytocurrency facts. www.CRYPTOCURRENCYKEYS.COM - this site will focus on security not just for the individual wallet holder, but also for the cryptocurrency developer, the CC exchange, and everyone else involved in the cryptocurrency economy. www.CRYPTOCURRENCYLAUNCH.COM - will highlight info from cryptocurrency germination to a year after launch, it will provide a great platform for everyone to see the coin dev and the devs to address the community in a way of their choosing video, articles, and/or discussion/chat. www.CRYPTOCURRENCYUNIVERSITY.COM - will actually teach cryptocurrency from all directions: basics, security, mining, investing, trading, marketing, etc ... www.CRYPTOCURRENCYDEALS.COM - this will be your exchange wannabe site, where people will gather to do safe trades fast and cheap. If you have a particular advertising target market allow me to find a way to incorporate it into one of our planned sites. Also, for website developers, if you are really good at website development kindly contribute to the discussion, let us know what you do and which site you would like to partner with us on. If you are selected for a site you will have the opportunity to share in the ad revenue. I'm open to all opportunities |
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I buy alt currency, if you have some to sell I'm open to buy.
In general it would be great if the coin is listed on any exchange, if it was not premined, has at least one working faucet, and doesn't have more than 3 zeros after the decimal point when compared to the USD.
Here's a small snap shot in alpha order of alts I like:
Dogecoin, Feathercoin, Goldcoin, Infinitecoin, Litecoin, Mooncoin, Peercoin, Worldcoin, Ybcoin
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