It is not possible even if you want to. Bitcoin is not compatible with current banking regulations. Your money service business will be compatible only if you can confiscate money from customer accounts. It is not possible with bitcoins. This is why bitcoin is illegal by definition! Of course, there is nothing wrong with bitcoin. This is current money laws that need to be changed.

Unfortunately, your dreams are very different from bitcoin because you can buy 130 dollars for 1 bitcoin. Anything else you don't understand?

It seems you're having hard time understanding even the simplest among simple words. Are you sure you are on the right forum?

Of course.

At least you have understood what people do hedge against while buying bitcoins. That is a progress too.

Your question was answered several times. Yes, they can!

Fine. So, enjoy your profitable investment!

If clean money are ahead of the dirty money, there is nothing to worry about. If dirty money are ahead of the clean money, well then the dirty money proved to be clever than clean one and the latter should have learned their lesson. Either case is good for Bitcoin!

Yes, he has a substantial share in that responsibility! He allowed scammers to advertise for too long while silencing all of us who tried to warn what is going on.

You justify shutting down LR because it was used by criminals. All I'm asking is why don't you apply same logic to $$, because the dollar is indisputable leader as the currency of choice among criminal?

The real question is if you regulate the dollar as a currency why did you allow some of the dollars become dirty dollars? If you can't prevent some dollars become dirty dollars how do you expect to prevent some bitcoins from becoming dirty bitcoins? And why are you so upset of bitcoin price appreciation?

A hedge against never ending money printing of central banks and puppet governments. People need sound money for their retirement and health insurance.

Criminals most use dollars for their criminal activities. Using bitcoins or Liberty Reserve for criminal activities is just a fraction of the criminal activities whose turnover is in dollars. Why don't you suspend all transactions in dollars?

In fact, a recent research found out that on every second pound bill in the UK there are traces of cocaine. Will you burn half of the banknotes in circulation?

Only BitPay and BFL know how much of the received bitcoins they converted in $$ and how much they decided to keep in bitcoins! And this, my friend, is exactly the definition of a free option call BFL gets at the expense of their customers...

This is actually a nonsense!

Case 1
I have 50 bitcoins.
I transfer 50 bitcoins to BFL
I receive 50 bitcoins refund for BFL fails to deliver.
Result: I have 50 bitcoins

Case 2
I have 50 bitcoins.
I don't transfer any bitcoins to BFL
Result: I have 50 bitcoins.

How do I profit from following Case 1 than following Case 2?

If you have arguments, please tell them? If you don't, please don't tell me what to do!

Again, this doesn't correspond to the truth! What does matter is not the price tag but the invoice! Invoice is the commercial paper that is presented in a court of law.

https://bitcointalk.org/index.php?topic=137026.msg1460393#msg1460393

BFL is using bitcoin for free currency speculation, not me. I had the bitcoins BEFORE I decided to transfer them to BFL!!! How do I profit if I sent 50 bitcoins to BFL and got exactly 50 bitcoins refunded?


https://bitcointalk.org/index.php?topic=136615.0

There is a big difference between credit card payments and a bitcoin payments. It is the currency of transaction!

Refund is just the reversal of a transaction. If you pay EUR from your USD run credit card, the transaction currency is EUR. This is why you get refund in EUR. You have a contract signed with your credit card issuing bank to make the currency conversions for you. This is YOUR bank that is making the currency conversions, not the merchant!

While making a payment in bitcoins the transaction currency is bitcoins, not USD. BitPay is making the currency conversion for BFL, not for BFL customers. BFL customers don't have any agreemnet signed with BitPay. BFL have! This why the invoice issued by BitPay on behalf of BFL has prices both in USD and bitcoins!

You should really read the thread I've pointed out!

That doesn't correspond to the truth. BFL refuses full bitcoin refunds - https://bitcointalk.org/index.php?topic=137026.0
I have warned people several months ago. What you did is change the title and lock the thread.

Denomination is a proper description of a currency amount, usually for coins or banknotes. For example, five euros is the denomination of a five euro note. Talking about denomination of a purchase order is totally irrelevant! Unless, of course, you purchase a bond. But BFL customers aren't investors, are they? They are just donors.

Then forget about Bitcoin! The US government will stop at nothing defending the dollar. "Whatever it takes" - so often we listen officials saying these words at both sides of the Atlantic. Expect everything from people so desperate to defend their power whatever the cost.

The more US government is trying to crackdown on bitcoin related services the more bitcoin will flourish. They know that very well.

If you come across something with "lab" in its name, RUN! 99.99% of investors in ScamflyLabs will never get their money back!

Watching this as well.

Ripple is a brilliant technical achievement as a p2p exchange, but has 2 big problems. One of them is the proprietary private currency XRP that is required to transact on the ripple network. The second one is the ripple gateway, which is unavoidable in every p2p concept, but has to effectively get banking license if respective gateway wants to operate legally.

It does, my friend. It does. The decision of how many numbers should be created in some bank's computer is taken by some very real objects or rather subjects, not by some open source network protocol! And those real object/subjects will do whatever they can do to defend the privilege they have.

It is not "some" government. It is every government on this planet.

Face it! You can not legally create and operate p2p exchange for fiat currencies. Existing laws and regulations in every country are all targeted to prevent exactly this from happening.