it doesnt have a blockchain.. so its just another world of warcraft gold/facebook credit/amazon coin...

created out of thin air and centralised.. not really a threat to bitcoin just a way to reduce international licence fee's by doing all of their FIAT transactions from one office and use the other international offices for their special coin transactions.

plus only really useful for itunes customers.

so not really a new economy creator either

bitcoin foundation
memory dealers
bitpay
BFL
Avalon
bitinstant

to name a few, but combined thats only just over 100 employee's out of the billions around the world still passing FIAT between bank accounts.

as an investor i use to invest in projects which had any links to bitcoin community. now im concentrating on businesses that truely wish to enter the economy. meaning opening grocery stores, DIY stores, electrical stores where staff are paid in bitcoin.

every noob entering the community are in a trance that the only way to make bitcoin is through mining, and that alone is 'stickin it to the man'

which isnt the case

actually buying bitcoins changes nothing in relation to banks.

FIAT still circulates around. so whether you have bought a case of baked beans or bitcoins, fiat is still changing hands.
whether i hand my FIAT to a retailer, or a bitcoin exchanger. it still circulates and sits in bank accounts. which banks love.

it wont be untill wages and salaries are paid in bitcoins for there to be less FIAT required in circulation, will we see any impact.

very true, i never discuss exact value's or business partners i invest in or any of that stuff..

especially with the no charge back blah blah, bitcoin does have alot of people that try sniffing out the rich guys and attempting to become their best friends.

luckily i and a few others have stayed away from "bitcoin rich list addresses" and thats how it should be

this is only an issue for closed source software, but i think that instead of just allowing any call to be listened into the software providers should program a key into each internet call or each username. and only release this key when FBI produce a warrant showing that they have good reason to listen into username XYZ123.

for instance with telephone systems it should have been set that a phone company only releases recordings or access to a specific persons phone line on production of a warrant that stipulates a time-frame of x hours/day/weeks they are allowed access. and not just a open gateway to listen into anyone, any time for however long they like.

some countries say they have these laws inplace, but telephone/software companies just gave full access and hoped the government agencies would self regulate their actions to only access calls when there is good evidence to do so. which then allowed the authorities to side step certain laws by making up evidence and require only their chief/supervisor to authorise the snooping in.

this is almost as bad as allowing the government to have a key vut of your house doors, microphones fitted in the home and also access to your bank account.

im glad im not american.. the land of the free.........

although joining forces with bitangels increases the available funds the group can share out to community /business projects. i have found that by combining into one group limits the amount of contracts/businesses it can help.

in the end i have found they end up giving more generously to a limited amount of start ups instead of helping more start ups expand.

i think more then one investment group is the way forward. that way each group can begin specialising in supporting certain niche's EG
one investment group could specialise in supporting ASICS, another can help retailers, etc etc. that way the groups are not just offering cash, but expertise aswell to insure a return on their investment.

many investment groups that have no speciality just hand out the money get the recipients to sign a legal binding contract and then simply wait for pay day to get a return.

im glad that bitangels and coin angels specialise in businesses that know and understand blockchains, but this may not be diverse enough.

great oppertunities are there and i know from first hand experience, its not always all about the money a business requires. i have helped out businesses with both funds and advice and the advise seems more appreciated then the funds. in a few scenario's businesses have repaid investments earlier as the advice ensured business growth or not requiring to spend as much, which helped both the investor and the business.

coinangels. welcome to the community, there is ALOT of potential here. good luck

the capital B with a vertical line is very very close to the thailand baht symbol, which could bring on problems later.

having a nice little nest egg before bitcoins came into my life here is what i actually done

50% bitcoin
40% secure my housing/lifestyle
10% FIAT for those surprise emergencies that always come up

everyone here is talking about fincen regulating bitcoin..

and here was me thinking bitcoin was free from national governments. i myself dont do drugs and hate the fact that bitcoin WAS (pre2012) propagandised as the drug dealers currency. but i far prefer the drug taint to be diluted down through natural mainstreaming efforts of adding new legit businesses to the mix. and NOT through regulating bitcoin, which would involve seizing coins/taxing coins which in the end would result in government ownership.

imagine the government taking 20% of your coins per year.. add on the coins seized through crimes, aswell as non crime related coins found in the same wallet address as crime tainted coins, within 5 years they own the majority stake. 

hundreds of years ago a group of people volunteered that they needed a leader to control the masses and volunteered that some basic rules and laws should be in place to keep the peace.. now look how this volunteered group we call government own our FIAT  spending arses!

oh well if bitcoin does become regulated by the bitcoin foundation.. there is always litecoin

bitcoincard linked to a french guy, using a UK domain...

with the price conversion on the website as dollars.

hmmmm... amateur.. he aint gonna see any of my coins. nothing seems legit.

words are only insulting if used in an insulting way..

like the N(nigerian) word.

which inside the culteral circle translates loosely to the term Bro.

but if person not from the same neighbourhood/culture used it. they are obviously not close enough to refer to each other as bro. then using the N word would be considered a insult.

so wear the nerd badge with honour if your skills from being a nerd make you wealthy. but do take an offence if called a basement dwelling nerd with no hope of success

over 20 posts of mis-understandings and waffle..

so lets put it into laymans terms for like the 5th thread of misunderstandings.

bitcoin itself is not regulatable.

FIAT is.

fiat is the bank notes and coins with the trademarked symbols of the government EG $ and £. the regulations call these REAL Currencies.

the SUBSTITUTE / CONVERTIBLE currencies are those that are easily recognised and convertable into bank notes and coins because their balance amount equals the same as a bank note

EG 10$ on a digital database can be easily converted into a $10 bank note
EG 46 bunny coins CANNOT be easily recognised and converted into a $10 bank note

those online penny per click websites and services offering digital balances that are recognisable have to be regulated. so advertising firms, with dollar/pound balances need regulation.

those websites and services offering credits, chips, coins where the numeric balance value does not instantly relate to a FIAT value do not need regulation.

so in short bitcoinQT, electrum, cgminer,etc does not need regulation, world of warcraft, does not need regulation, and so on.

FIAT gateways that handle FIAT or the digital form of FIAT DO need regulation.

so this is why amazon is trying amazon coins. so that it only has one 'office' that converts fiat to amazon coins (i beleive it to be in ireland due to cheap licences) and the rest of the planet it just moves amazon coins around. thus not requiring licences for every country on the planet.

the trick is this.

show a balance of 10.00 (even without trademarked government symbols) which can be redeemed for $10. you need regulations

show a balance of 0.078125($10 of bitcoin) which requires calculations to calculate a fiat value, you dont need regulations. UNLESS your service also touches FIAT

there are many ladies in finance and computing industries. but they know from experience most of these nerd conventions end up as being a bunch of guys hounding them and trying to act smart, thinking they can get into the girls pants because she has similar interests.

most women don't want to be hounded at such events, they go there for the professional reasons of learning the economy. most guys though at first go there for the same reason, but due to the fact that most nerds are single.. it soon changes to a mood of chasing girls.

i have been to such conferences and seen times where one girl had like 7 guys circled around her. atfirst i thought she was a Rep of a business. but after listening in for just 20 seconds i soon learnt the conversations were more 'speed date' conversations... poor lass, one sight of cleavage and BTC transforms to the immature cavemen drawing of boobs and no longer bitcoin

technically everything has a price.

buying up MTGOX gets the buyer the trademark bitcoin
buying up the bitcoin foundation gets the buyer the main client program
buying up electrum gets the buyer the second main client program
buying up blockchain.info gets the buyer the main hot wallet API caller(third main client service)

yes i know there are freedoms for people to then re-invent new clients that ignore any new rules a new buyer of the above brings to the system and we then just let them play with their little fork and this new re-invention by the masses uses the original rules fork, but communicating the changes and getting everything moved across would cause some disruption which could then be used to manipulate the markets on the mass fork.

and yes i know that within an hour-week the manipulation may settle down. but who knows, the manipulation may have been enough to gather a large quantity of bitcoin.

not impossible for world governments to combine their efforts to achieve this.. just impractical and unnessessary, after all if they did get a full victory.. there is always litecoin

proof you don't have a clue about fundamentals required, or gone deeper into research apart from page one google searches of final designs for buildings. its good you show final design eco houses but you have no clue about land permits, laws, utility company, sewerage requirements of a town.

this is not a troll, you just hate seeing everyone see through your lack of credibility and think ignoring people and starting a new thread will somehow make people believe you more.

200 scientists this time concentrating on Neurogenesis and Synaptogenesis research. last time it was 200 creative people like entrepreneurs, writers, artists, programmers.

still ignoring the fundamentals of requiring shop workers, chef's for your restaurant.. oops i mean fast food establishment... oops i mean cyber cafe..

repairmen, electricians, plumbers, carpenters, construction workers, police, lawyers, judges, teachers.

oh and if 200 are now scientists instead of creative people.. that is still the personality type not desiring manual labour. so don't pull the wool over peoples eyes that the 200 people will do it all themselves. as they have their own scientific interests that come first.

stop brain farting wet dreams. and stand away from the computer for just one day. and construct your idea's from behind the scenes of the fundamentals.. and stop spouting out the glittering neon signs of the final design.

many have told you about freestate project before yet you ignore it.


now the utopian dream of last week of a free town is now just another town like all the rest

ripple is not a alt-coin.. ripple is an exchange, so technically would be in the services section

XRP is not a crypto coin, it has no minable blockchain, much like amazon coin, postal stamps, facebook credits


+100

if only more of us realised the main use of ripple is to move bitcoins, litecoins, fiat between people. and the fee for this task is a postage stamp known as XRP.

crushing fiat transmitters that claim to be legit and trustworthy with our FIAT. then later found out they are not legit fiat transmitters.

its all about fiat..... meanwhile bitcoin remains unaffected.

if you think that bitcoin has been affected then you do not know bitcoin. please learn the non-exchange methods of obtaining bitcoin. the true, original way it was supposed to be dispursed.
hint peer-to-peer (localbitcoin / irc-otc) style

dumb is a harsh word...

i would say this is s newbie/rookie mistake. to learn from.

that is all.

nothing more will come from it by thinking you have a bats hell of a chance of getting any return, so move forward and realise  the pains of selling on ebay using fiat are hurting many merchants. let alone bitcoin traders just using paypal as a payment processer. then you will see the benefits of bitcoin that things such as bitcoin chargebacks dont exist,are just one of the reasons to love bitcoin even more.

value is as you say and the value to a miner has to be above its COST or is not any beneficial value to them to mine any more. hense the LOW price is the beneficial value to miners to keep producing.. same story goes with farming too, there is a cut off point where farmers will give up making and selling their harvests. and thats the intrinsic value of the food you eat.

not the retail price you see at walmart!!

this is where market makers and profiteers have warped peoples minds to make you believe their inflated prices are of value.
where you see retail shops offering food items £$1 more expensive then their competitor but if they put a "value price" sticker on the price tag, the sheeple think its automatically the best price they will find as its not worth the retailer selling it if it was any cheaper.

plus i never said the price will never go below $110 what i SUGGESTING is that if it goes below the mining cos profitability then that is the point to start asking questions about bubbles bursting or whats the big news story that could cause this. anything above mining cost/value/profitability line. is based on mark makers playing with the price. which you should all calm down about and not 'worry' about the swings, just use them to your advantage to gain profit from if day trading

speculation price/market price changed.

intrinsic value has not.

check out my chart. u will see each month the low (intrinsic value). now draw a line to June and that will put a estimated intrinsic value of about $110.

meaning the point where no one is dumb enough to sell below..

so expect price swings ABOVE $110 but if it goes below $110.. then that is where you should be asking what the big problem is.

anything else is just speculation based on supply and demand