A San Francisco-based company that creates online accounts for people with Bitcoin is dropping Wyoming customers due to what it's calling impractical state law.

[...]

Coinbase, a company that creates accounts on which customers can store their bitcoins or transfer them to other people or businesses, recently sent emails to Wyomingites, saying they had 30 days to close their accounts, because state’s law is impractical for doing business.

[...]

http://trib.com/news/state-and-regional/govt-and-politics/critics-state-law-makes-it-difficult-to-use-bitcoin-in/article_60af7604-4a98-57d3-ae87-14d4928c9920.html

Sometimes it's hard to tell whether Bitcoin is more like Ponzi scheme or a pyramid scheme.

Whatever it is, though, it isn't a currency. It's a tech stock. Each Bitcoin is really a share in a system that seems to make it cheaper to transfer things online - money, stocks, bonds, even the deed to your house - by cutting out the middleman. Well, kind of. Bitcoin doesn't remove the middleman so much as replace him with middlemen who don't make you pay much, but make society as a whole do so instead. Is this progress?

[...]

And the final conclusion is "The future might not belong to Bitcoin, but it should to its technology."




http://m.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11462977

Hi GÜNther.Danish, it usually it takes 1 - 5 business days for banks to process international wire transfers, but once in a while, bank may need customers to do some anti-money laundering proving. and more details had explained in the mail. 

Hi gallery2000, it takes 1 - 5 business days for banks to process international wire transfers, and upon receipt of your wire, we will credit your USD to your LakeBTC account with 30 minutes during business hours.

you can see the detail: https://www.lakebtc.com/s/help?locale=en#inwire

The terrorist group ISIS or Islamic State has been using Bitcoin, a digital currency, to mobilize funds across the world. The virtual currency appears to be indirectly aiding the spread of terror.

Such large-scaled organized terror tactics need money that can be moved quickly. Though ISIS has devised multiple inhuman methods to make quick bucks, it still needed a fluid and unhindered system to move it. It seems ISIS stumbled upon the most ideal form of currency handling platform – Bitcoin.


http://www.inquisitr.com/2152230/isis-is-moving-money-using-bitcoin-digital-currency-aiding-recruitment-training-and-weapons-procurement/

The Bitcoin world has been divided into three camps:

• those who think that bitcoin must be a scam;
• those who think it’s one of the most interesting technological developments in decades;
• and (the vast majority) those who have no idea what the fuss is about.

[...]

I can also see why laypeople are baffled by bitcoin because the thing that makes it work – the “blockchain” – is based on the kind of arcane cryptography that, like the peace of God in the Bible, passeth all understanding. As such, it looks like a species of black magic and something that is therefore best avoided.

All of which is understandable but unfortunate, because the technology underpinning cryptocurrencies such as bitcoin may turn out to be both transformational and benign in ways that we are just beginning to appreciate.

[...]

http://www.theguardian.com/commentisfree/2015/may/23/bitcoin-really-useful-not-in-way-you-think

What we do know is that there are clear synergies between bitcoin and the secular stagnation thesis.

Yet bitcoin as it stands is a system that pulls critical resources and capital away from producers and infrastructure developers and passes them over to predators or undeserving spendthrifts, often in a way that allows them to get something for nothing or which facilitates value hoarding.

Perhaps the thinking is that we need real economists to teach the bitcoin faithful the importance of investing rather than hoarding money?

[...]

http://ftalphaville.ft.com/2015/05/27/2130503/summers-and-swiss-bitcoin-hoards/

A regional court has given cheer to the Bitcoin community in Russia with a decision to lift a court-ordered ban on Bitcoin related websites, however, the ban may not yet be lifted by the Russian Federal Government.

The ban, put in place by the Russian telecommunications regulator Roskomnadzor in January based on a decision by a court in Nevyansk, saw a range of Bitcoin sites blocked on the basis that the currency “contributes to the growth of the shadow economy.”

[...]
[...]


http://siliconangle.com/blog/2015/05/18/russian-court-overturns-bitcoin-site-ban-but-censorship-may-still-be-ongoing/

For true devotees of Bitcoin, the price of the digital currency is almost irrelevant. They believe in its inherent value or, more frequently, cannot see any value at all in the alternative of government issued fiat currency. Price is therefore not a concern.

At the other end of the spectrum, for those that harbor what appears to be an irrational hatred of Bitcoin and aMany hold out hope that over time Bitcoin will perform as it should in theory and become a store of value, while others simply cannot bear the thought of losing purchasing power in the short term.

Even if their motivation for buying crypto-currency in the first place was convenience or just curiosity they can’t stop themselves looking at it as an investment. Whatever the reason, if you see Bitcoin purely as a currency, price matters.

[...]

http://www.nasdaq.com/article/does-the-price-of-bitcoin-matter-cm476312

On Friday, nationally-syndicated CBC columnist Jesse Hirsch moderated a panel featuring Anthony Di Iorio, founder and CEO of Decentral, a business development centre for startups focused on disruptive and decentralized technologies. Fittingly, the founder of the Bitcoin Alliance of Canada talked about how Bitcoins and cryptocurrency will inevitably play a bigger role in the economy, and why it is an effective replacement for how we do transactions today.

[...]

[...]

Bitcoin – which has never been hacked – also provides a highly secure network thanks to its miners.

“The security of Bitcoin has been put in place by thousands of people around the world who are contributing resources to the network,” Di Iorio says. “Bitcoin is stronger than all of the supercomputers in the world put together. So if something were to be disrupted, they’d have to put together a stronger system to do that, which is theoretically impossible with the technology that’s available right now.”

[...]


http://www.techvibes.com/blog/future-of-bitcoin-2015-05-11

Because of the nature of the currency, each Bitcoin is unique and all transactions are traceable. It is therefore possible for donors to see exactly how their money is spent.

New online currencies such as Bitcoin could be the answer to charities becoming more transparent over how they spend donations, says a report released today by the Charities Aid Foundation, here



https://www.cafonline.org/about-us/media-office/press-releases/2015/0605-bitcoin-transparency.aspx

Donnacha Fox is an executive director with wealth management firm Quilter Cheviot:

"I must admit I ignored all articles and news commentaries about Bitcoin until very recently. It was only when I read (with amazement) that two universities in the United States had launched academic courses on the subject that I began to check my long-held sceptical view."

"the more I learn, the more I realise how much I don't know".

What of Bitcoin's relationship to gold? As one bubble was being inflated, the air was coming out of another. Now that the Bitcoin bubble has collapsed (current price is $225 @ LakeBTC), where's the next bubble?

...

http://www.independent.ie/opinion/when-all-that-glistens-is-not-gold-it-could-well-turn-out-to-be-bitcoin-31153396.html

Hi Fioraver, I'm happy to tell you that a feature which allow user transfer funds between LakeBTC accounts without fee is being developed, it will be launched in the near future 

Normally, a police department in the United States would not consider paying a ransom. Typically this is not advised, but in the event of what happened recently in Maine, apparently, they felt they had no choice.

Indeed, it appears several police departments in Maine had to pay approximately $300 in ransom money to computer hackers so that they could get their police records back. This includes the computers within the Lincoln County Sheriff’s Office and the computers at the Houlton Police Department.

http://www.theregister.co.uk/2015/04/13/us_police_ransomware/

Hi dear users, sorry for the delay reply, I can't log on this forum for a few days, dddos and gfw make me troubled.
Once again, please direct mail to help@lakebtc.com if you need to do with some urgent things.

We are dedicated to creating a fair and secure marketplace for all bitcoin participants, and we are constantly improving our system, technology, and processes to safeguard your assets and personal information. We apologize for any inconvenience this incurred.

Also, everyone is welcome to discuss Bitcoin or LakeBTC in this thread   We are optimistic about the future of bitcoin, and LakeBTC is committed to provide a user friendly and secure platform for users, we are confident that bitcoin will play a more important role both online and offline.

Enjoy

Hi, we do everything in our power to ensure customers' fund and privacy being safe and secure.

Additionally, market surveillance program, carefully designed products, comprehensive risk management, and strict internal controls are all meant to make sure this young and energetic market is fair and safe to every participant.

It’s always music to our ears when pieces like this is out there, it’s good for the ecosystem, the $84bn opportunity for payments between business and consumer is just a starter, it’s the debate about bitcoin that matters, the more adaptation by general public, the better. Some of the bitcoin exchanges such as LakeBTC is one the optimistic for bitcoin’s long term development, and they never adopt high-risk products, because security has always been their strong suit and priority, which makes the trading environment there much safer under the circumstances. 

http://www.coindesk.com/goldman-sachs-report-says-bitcoin-could-shape-future-of-finance/

Dear user, we have been subjected to high intensity DDOS attack in recent days, but users' funds and privacy is safe. We try our best to solve these problems, LakeBTC has been holding on to security, liquidity, and service, which are the strengths that make it stands out.

Thank you for your concern, we were under ddos attack that day, but don't worry please, users' fund and personal data are safe.

Never doubt, you are definitely going to get the respond here, but if you need a more rapid response, please mail us help@lakebtc.com  and there is the upcoming Bank Holidays in February, our holiday schedule is as follows: https://www.lakebtc.com/p/7336?locale=en