guys stop mis-reading the fincens, summarised guidance page and read the actual full reports..

fincen can only control FIAT. EG the money owned by government that has the symbols of that country £$ etc. this also includes the digital forms that are not on paper or coin but have a same value bases and symbology.

fincen does NOT control world of warcraft gold, bitcoin, facebook credits, magic charms, or whatever else type of currency is floating around the internet.



in otherwords a digital value of a dollar, yen, pound. is convertable to a physicial banknote or physical legal tender coin. but you cannot class a mtgox /okpay digital dollar as legal tender to pay for court fee's or government taxes. it has to be converted back into banknotes and real coins to pay taxes.

the keyword is convertible which is as described... this will affect for instance places that do penny per clicks advertising that move around pennys and dollars........... not bitcoins, so youtube better start changing their penny per viewing system so that instead of showing $$ totals.. they show X rabbit points or y .. um... smileycoins  

its not to do with just reducing illegal activity its to do with partnerships with banks being told that they need to account for every digital dollar to ensure didgy website A does not tell the bank that person Z needs to be credited 1 trillion dollars. where infact no dollars ever passed website A's hand.

this is why amazon is getting rid of the dollar and instead trying out amazon coins, to reduce the need of so many licences.

this may also be a big warning to some mining pools. i believe eclipse does it, where you can withdraw your bitcoin shares directly to a dwolla account as dollars. because as we all know dollars are bad for your health.. stick to bitcoin withdrawals unless licenced,

and giftcoins.me better be careful to. because they offer resellers the ability to put dollars onto giftcard balance which are later (after transmission) converted to bitcoins when you redeam it.

the deal is that exchanges in the past think that by moving fiat into bitcoin and bitcoin into fiat they did not need any fiat licences.

its all about fiat licences that these amateur businesses think they are strangely exempt purely because they also handle bitcoin.

its almost like saying your a vegetarian, but you are allowed to eat a proper beef burger on monday, a lamb steak on tuesday, a KFC on wednesday. a meat pie on thursday and a salmon sandwish on friday. as long as you have vegetables for the other days.

if you dont want to be ruled by fiat laws, dont touch fiat. this is why paypal and western union have no problems taking on bitcoin, because they already have the fiat licences

my ignore counter never changed, yet another lie by you. plus how did you know that i wrote something if i was on ignore.

you are as transparent as thin air on a clear day. scam artist begging for cash. just like your other friend in mckinney texas.

but your comedy moments are great, when a restaurant becomes a fast food establishment, becomes a cyber cafe all within 5 minutes of writing your brain fart.

and your cancer curing charity. which is basically you selling weed for bitcoins and promising it cures cancer. that is hilarious.

and ofcourse the bitcoin town you want to develop within the next 3-6 months but are strangely going to be doing a around the world trip at the same time.

and lastly the asic miner your building yet last month you didnt even know what mining was all about.

im just sorry i ruined the punchline by telling people that your brainfarts are all scamming fund begs

more facepalms for this fraud.

now he is selling weed as a cancer cure.. lol disguised as a church minister.. i take it he became a seller on silkroad, scammed a few people and is now looking for other methods to sell his weed without having to pay taxes.

read his other 11 projects they are funny..

especially the ASIC miner he is making where a month ago he knew nothing about mining. and the bitcoin town he wants to build, but will be strangely doing a world tour using bitcoin while he wants these projects to start.

simple translation, give him your funds and he will spend them on his lengthy vacation. then inform everyone due to not having the required skills or permits, the projects cannot go ahead.

he pretends that he has ignored me yet my ignore count has not risen. he just prefers not to answer the basic infrastructure requirements, permit requirements, issues that he needs to know before even breaking ground..

its a funny read but dont invest in him.

you were told by me that opening any gambling establishment bricks and mortar based has to comply with the same laws as the poker chips laws of the USA. even if the item of trade is bitcoin.

gambling is gambling. it is ok-ish in most places amungst friends but running it as a business for tourists in the town to use involves permits etc.

just like your other 12 hair brained idea's that have no understanding and structure which you say you want to get started on now, but strangely i also read you want to take a trip around the world paid for with bitcoins..

even stranger is all of these tips requests and $10k upfront to buy land within the next few months.. yet only having under 1BTC to your name.

please stop expanding into 12 different tangents hoping someone will hand over some cash to you upfront. find 1 single project and RESEARCH IT!. develop it and start it.. if it then, once developed has new paths of growth and new projects spring off of it, great. research a new project and begin that one. but please stop throwing dozens of idea's out into the ether that have no detailed substance beyond a 1 hours hallucinated dream.

you are from reading creative and at times worth reading purely for laughs. but from an investment point of you, you fail every time. please take this criticism as something to learn from.

bitcoinuser123 is pretty detailed and on the right track and in short....

to legally class the debt recovery in court as a debt from a loan, the original lender needs a consumer credit licence. otherwise the only thing that can be considered in court is theft.

which is much harder to prove unless the bitcoins were hacked using the original private key to send the coins to a destination that was never intended.

which makes winning a debt recovery claim in court extremely hard..

now getting back to just the debt recovery agencies requirements.
the debt recovery departments do need licences particularly each employee that investigates and/or comes into contact with a lendee, needs an SIA licence aswell as following the guidelines of the OFT.

the end result in england is that as vladimer says

where they have to first categorically confirm the person they have traced is the actual debtor (which can easily be denied by just stating in the first 'soft letter' "my identity was cloned")

if there was a method to still prove the traced person is the debtor, there would be a long process of communications which need to be given specific gaps between communications to not be deemed as harassment. and finally after many months of warning letters. a court date would be set.

.. after seeing all the time and costs involved here is the solution.

dont give money to strangers that you can't meet up with and slap with a wet fish if they dont repay... much more effective solution.

it is also noted that btcjam does not have such licences which alone makes any debt created on the service, inable to be reimbursed through any court system.

and now many people are seeing why these so called exchanges and loan sites are so amateurish and frustrating, leading to them getting shut down so easily by regulators., by not even bothering to get licences to help protect their customers.

lol OMG the biggest revelation of them all.
i just realised where finshaggy learnt to scam...from a close neighbour of his

https://bitcointalk.org/index.php?topic=144321.0

trendon shavers AKA pirate@40

even funnier is that josh zerlan, (butterfly labs) is also a texas man.. wow this is starting to become a funny pattern emerging...

finshaggy what you dont realise is that on the left panel where it shows your name, below it has a counter that tells you how many times you have been ignored.

it is such a shame that you pretend to have ignored me purely to avoid answering the questions i ask..

because i know that you have not infact ignored me because the ignore count has not increased.

but as i said before you would prefer to ignore direct questions about the basics, because you have no answers nor intend to go into the beginning of researching answers, due to your lack of intentions to begin these projects.

you spend all of your time writing up new projects in the hope someone will pay you money. and never spend the time to research a project to make it a workable plan.

what you also don't realise is that if your idea did infact have any notion of being a workable plan with a slim bit of success, i purely with my own funds could have easily have bought the land mass required for such a project.

and that is the part that makes me laugh the most. you have no intention to research the basics to get investment from big guys.  you do however want to swing wild images of uptopia around in the hope of scamming the naive users that could just about afford to send you some money, but not enough to chase after you and enforce a court judgement on you after you try running off.

in public buildings or retail buildings open to the public there are many many different rules about health and safety compared to at home requiring only basic common sense. yes its bureaucracy gone mad, we all know that governments want to control everything and turn everything into a nanny state. but finshaggy has proven with all of his 12 + projects just in the last month he does not know the fundamentals.

he wants people to see his polished final product with a neon sign on the door before realising the purchase price of a real beef burger and offering fibre optic internet speeds to a bunch of anonymous people who may not be able to afford internet at home so require a internet cafe. wont wish to pay his prices.

he one month ago had no clue about mining, but suddenly has a relative that will build him an ASIC.

i can pick at all of his 12 projects at why his 1btc holding wont even scratch the surface, of breaking ground. but thats besides the point, he has no intention of breaking ground. just grabbing cash pirate style.

i only pick at his posts asking him questions about the fundementals so that the other people that do not wish to research all of his 1900 posts and his facebook page can see by the lack of replies how his plans change instantly but never answering the fundementals. in the hope that they too see his inadequateness in being a leader of any form of project.

but as a positive note, he does have an imagination and his idea's have comedical merit. so they are worth the laughs and giggles

i will use my vote to negatively impact one member who is trying to deceive people into handing him Bitcoin for projects that will never materialise.

so i wish to make my vote count as a negative vote against:
finshaggy

Edit: placing him currently at -1 votes, should he create an entry/get a vote in future that would push him back to 0.

i hope that other people that cant think of a deserving person will atleast name a known begger/leecher and use the vote to negatively impact such leechers.

thus the true winner will become a true and deserving winner. and not someone that has brainwashed a group of people into their cause to persuade them into voting for their bottomless pit

goodluck to the true winner, and i hope the prize gets used in a meaningful way

i have read it, i have watched the videos and seen his facebook, including his message history back till april.

the uptopian society he envisioned was that no one will be doing menial labour roles where it was mentioned in his videos that robots will do tasks such as cleaning and machine work...

building a house is not what a business man or a coder have in mind, nor is it the role of a doctor or vet who wish to look after the town. so this is why i highlighted it and will say it once again..

out of the 200 utopian residents that are creative minds. and the essential "services" residents such as lawyers, police, judges, teachers, doctors vets, firemen, mechanics, electricians.. where are the construction workers going to live...

like i said you need more then 200 residents to make a functional town.

and acs a utopian town is just that utopia.. if you want something already in the works that already has houses, shops, city halls, etc and all that is left over is to lobby government to free it from the laws that finshaggy thinks can be ignored just by training a few town sherrifs to be ignorant of certain state crimes..

then look at the new hampshire project. finshaggy just want your money for his commune to expand his weed growing farm. all the signs are there, he has slipped up many many times. he does not care about infrastructure or basic essentials.. he prefers to sell you into the idea of just needing to pick out the wall colours of the house you want. and not tell you that he has no clue about permits and utility company planning requests.

i was on about the average length of laptop charging cable being 2 metres. so wherever the electric outlet/socket is placed. there will always be excess knotted up on tables of rolled up on the floor.

this is why most established cyber cafe's have their own cubicles with their own PCS built into the cubicles and they rent out time to use it. as oppose to the utopian dream of sofa's and softchairs where people can bring in their own computers and charge their laptops freely wherever they decide to sit/stand to within the cafe.

but i dont even know why im bothering to point out the fundimental planning parts of a cybercafe..

finshaggy just wants peoples money and leg it back to his commune to build his weed farm.

guys ignore finchaggys brain farts.. it always starts off with one dream which warps into something completely different.

1. a restaurant ( definition: offing selection of meat and veg on a plate, using knife and fork, served with a glass of wine or other drink from a drinks menu, served by waiters)

2. fast food (definition: burgers, fries, salad bar, and the "only bottle of red" on the table is ketchup)

3. internet cafe (definition: main purpose is the using of computing and internet, where food /drink is not the main theme)

now then with all of those electric cables charging laptops sprawled across the floor i truly hope he realises why carrying around half a gallon cup of soft drink or a bowl of salad is a health ans safety hazard. and reasons why mcdonalds dont offer such luxuries.

but no this guy has never seen a public liability insurance policy in his life.

you asking for $10k upfront on your town project, the cancer fund, devcoin donations separate from your cancer fund (yes i seen your facebook)

also before even showig a blueprint and building permits you are already asking


also

oh yea i forgot about the other plan that he is a experienced conference co-ordinator .. pfft.. and he wants to be the organiser of bitcoin 2014..  kind of weird thathis post only came to light after the expensive ticket price got mentioned.

plus his CharBucks alt coin...

and he writing a novel which he is asking for donations for...

its all in his history and thats just reading the first 10 pages from when he register only a month ago...

now finshaggy your plans are as transparent as thin air, the cancer charity fund is people paying you and you send them weed produce in return with promises that it cures cancer..

thats right guys he grows the stuff and will send you it.. check out his facebook its all there in black and white.. lol

he only has 0.7BTC to his name and is on a rampage of brain farts to get to 2000 posts so that his "name" seems reputable to beg for bitcoins and also to receive devcoins by having a high post number.

he just wants your coins to pay for his weed. he has no understanding or any actual ambition in him to actually fulfil any of his project brainfarts into a final design let alone breaking ground to actually start them.

many other people have already compared him to pirate @40 and atlas and many other people we have come across in the past.

he cannot answer the basic questions about infrastructure requirements and costs, and other basic qustions. so instead put people with genuine understanding on ignore.

as if that makes the truth disapear.

any place that serves burgers and french fries is called a diner/fast food establishment
..
a restaurant is a place that involve eating with a knife and fork, a glass of wine and usually has meat and 2 veg on the plate.
the only thing close to veg would be at the salad bar..

seriously dude, every project you have lacks basic understanding and many mis-representations..

please stop brain farting.. take a step back and just say to yourself what one plan do you want t succeed. and start with the basics.

you are the kind of guy that before knowing the build costs and employment costs, and electric, gas and supplies cost. has already picked out the wall coloring, diners name and what countries you want to invade.

come back to reality

finshaggy seriously. stop brain farting your con idea's out onto the forums purely to get peoples bitcoin.

instead take 5 steps away from the computer and do some planning such as knowing the true costs of getting electricity cabling dug into the ground, permit requirements, legal costs of land ownerships, laws you still have to obide by. and stop trying to say the uptopian dream is just $10k upfront.

you have no clue about land value or what is needed to build a sustainable town. you have lackd answering the basic questions.

EG you say 200 residents being given 3 acres each = 600 acres. and you want these 200 residents to be creative entrepeuners.

then you totally ignore construction workers, police fire, vets, lawyers, judges, teachers, shop owners. mechanics, alcohol distillers and all the other manditory jobs that you say your uptopia will have.

so technically it will end up as just 20 creative people in your town...

then you dont acount for the community buildings such as the library/communityhall, the town square, court house emergency services buildings, roads, car parks and shops also requiring land.

making the residents who are promised 3 acres being squashed into half as much. or expanding the 600 acres into double/triple as much just to fit it all in.

please please please stop brainfarting your dreams of the final design and learn these words.
INFRASTRUCTURE
PLANNING
LAWS

do some research.

and if you want to do this town project then stop trying to sell your other brainfart projects of going on a world tour for a year paid with bitcoins.. because you only have 0.7btc to your name and a promise of devcoins next month.

admit to yourself and to the forum that these are brain farts of a stoner having a hallucinating dream of paradise but no skills talents or understanding of being a project leader for it to ever work.

people of the forums.. this guy only has 0.7btc to his name and a supposed promise of devcoins next month.

he has 20 different projects that he is trying to suggest, and begs for money from people.

only one month ago he put in the newbie subject that he didnt know what mining was. but now suddenly has expert friends that will make an asic miner for him.

please review his lack of talents wisely and see him for his true light, a conning begger that has no agenda to finalise a project, but the only agenda to grab peoples bitcoin.

i would however give him small donations as he is a comedian with all of his brain fart idea's tempting people to invest. just a shame that he has no plans backing them up for them to even function. (no research beyond 2 hours of google searches to sound less naive)

best advice:

avoid regulatory traps by not avoiding regulation.


get a licence if you want to handle thousands of peoples fiat balances

the owner of the mixer service, smartchip protocol/redeemer service/validity checker tool. doesnt sound very decentralised to me.

if there is more then half a dozen people that have to go to one place to do a certain task then that is centralisation.. if you mean dispursing out sourcecode and gadgets to un reltated parties to start their own service. then that is localised or distributed... but not decentralised

a raffle indicates prizes in the form of objects/products. if the prize is a total sum of the inputted bitcoin, this is considered a lottery.

that being said there is no such thing as non-profit these days. its just a term used for business owners to class their wage as a business cost, leave no funds in reserve and avoid business tax because of the lack of funds left over in the business bank account.

bitcoin is not taxable. so using the term non-profit is a moot point.

a better term to use is "100% of bets/ticket value is the prize"