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3241  Economy / Service Announcements / Re: Bitcoin Wallet Recovery Services - for forgotten wallet password on: September 08, 2013, 11:24:30 PM
If there are additional entropy-reduction mechanisms in the tool, such as timing measurements (statistically significant early denies vs late denies in a brute-force pass for hash match) that sort of information could suggest improvements in the wallet code security.  Keep in touch with the development effort, please.
3242  Bitcoin / Legal / Re: Airline Reward Points on: September 08, 2013, 11:02:24 PM
Why aren't airline reward points considered a centrally issued virtual currency?

FinCEN States:

Quote
In contrast to real currency, "virtual" currency is a medium of exchange that operates like a currency in some environments, but does not have all the attributes of real currency. In particular, virtual currency does not have legal tender status in any jurisdiction. This guidance addresses "convertible" virtual currency. This type of virtual currency either has an equivalent value in real currency, or acts as a substitute for real currency.

It seems to me airline rewards have an equivalent value in real currency and clearly act as a substitute for real currency.

For FinCEN, to be a "real currency" it has to have "Legal Tender" status.

Legal Tender laws are not what makes a currency except in the mind of FinCEN.

If we are making up definitions, we might as well say that USD do not have all the attributes of a "real currency" because they are not cryptographically secure, can be inflated, and have no meaningful specie (a one ounce silver for US$1 that sells for $30 does not count as meaningful).
3243  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: September 08, 2013, 10:57:18 PM
volume on gox will continue to get weaker and weaker....

Gox and the other exchanges can be used as price setters and then trades happen off-exchange, so a whale may move the price up, sell x5 coins off exchange and then drop it back.  No fiat need move off gox for that.

I've heard this rumor that Bitcoin is peer to peer.
3244  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: September 08, 2013, 10:51:59 PM
24hr volume on Gox under 6,000. lol.

Turbo-ultra-mega-bulls:

I'm interested in your tinfoil hat theories about the laughably low volume on weekends and/or other days when Gox is not crediting accounts with deposited fiat. Specifically, please explain in detail why/how this volume indicates genuine demand to buy bitcoins at these prices.

Thanks in advance.
It may be that people are waiting to see if the FED scales back QE or not. Might be another week or two before we see real volume. A lot of people may be sitting on the sidelines atm. In my opinion, they are not going to taper QE, it will keep on happening. So once the FED report comes out that they are going to continue QE for now, people will probably buy into bitcoins. Thoughts?
They can taper it insignificantly and save face/confidence.
3245  Economy / Economics / Re: Can we call it MAINSTREAM? Here's why... on: September 08, 2013, 09:18:10 PM
Quote
When Bloomberg or CNBC have it on their ticker,

http://data.cnbc.com/quotes/MTGOXUSD
Looking forward to it being on their scrolling ticker too, but not holding my breath for that.
3246  Economy / Economics / Re: Can we call it MAINSTREAM? Here's why... on: September 08, 2013, 08:57:24 PM
When btc will be $1000+, you can call it mainstream.

I'd hardly call a currency with a market cap of $11,000,000,000 mainstream.

+1
3247  Other / Off-topic / Re: What video games do you play? on: September 08, 2013, 02:42:35 PM
I have a 13yr old son, so when I play something, generally I pick one of the games he plays so that I can relate.  Currently its DOTA2.  Kinda glad the Pokemon days are well behind us.  He does a lot of TF2 and a variety of others but am too busy to do more than a game every now and then so I just stick to one.
I am "Bungo" on steam.

Glad all those ex GPA miners are putting the hardware to use.  Keep up the good work.
3248  Other / Politics & Society / Re: Assault weapon bans on: September 07, 2013, 11:32:59 PM
Many people type lies.
Some of those lies have very devastating effects.
Sometimes people die when some other people type things.
Sometimes a lot of innocent people die.
Isn't that horrible?  Isn't that enough?  Can we preemptively prevent anything like that from happening again?  Think of the children!

If a majority votes that you (personally or categorically) are not able to handle the responsibility of a keyboard, would you accept that authority and be banned from further typing?


A mind is a terrible thing.

Uhm I don't think the keyboard was created to kill people, and it is not very effective either.

Thanks, I am hoping to figure out how you came to your conclusions.  I haven't concluded the same as you, so it is helpful to figure out how to get there from here.  You didn't answer, but you tossed out another clue instead, which though it is arguably incorrect as many have argued that the pen is mightier than the sword even though we have advanced beyond both, we can set that answer aside for now to follow your clue, so...

Objects created to kill people are: ______

1) OK if a majority says so.
2) OK if in the control of a government.
3) Should all be destroyed.
4) OK if in the control of a government for which you approve.
5) OK only if it is sufficiently ineffective at killing people
6) something else or some other nuance?

...

I overheard some US Senators today claiming that negotiations and cutting some deal (particularly effective human action requiring keyboards) would be more effective at deterring future gas attacks than missiles (particularly effective human action requiring weapons).  Frankly I think those Senators may have something there as it (surprisingly enough) seems do also most US voters.

The opposite position appears to be that a type of weapon control be implemented and Syrian folks ought be forcibly disarmed from using that type of weapon due to their consent to a higher authority that permits such enforcement of disarmament (UN).  This position looks likely to prevail.
Do you favor the forcible disarmament in this instance as well with these more lethal weapons?
3249  Other / Politics & Society / Re: Assault weapon bans on: September 07, 2013, 04:46:44 PM
Many people type lies.
Some of those lies have very devastating effects.
Sometimes people die when some other people type things.
Sometimes a lot of innocent people die.
Isn't that horrible?  Isn't that enough?  Can we preemptively prevent anything like that from happening again?  Think of the children!

If a majority votes that you (personally or categorically) are not able to handle the responsibility of a keyboard, would you accept that authority and be banned from further typing?


A mind is a terrible thing.
3250  Bitcoin / Legal / Re: Will pay BTC for legal advice (USA) on: September 07, 2013, 04:27:39 PM
Please PM me with a short description of your qualifications, and suggest a rate BTC/hr or BTC/min or BTC/question.. however you'd like to do it. I will get back to you.

I would post my questions here, but last time I revealed my next business plan on these forums for feedback, someone else took my idea and beat me to it.  Cheesy

Thanks,

Ch

If you are looking for advice it is one thing, if you are looking for a Legal Opinion, it is another thing.  A formal Legal Opinion letter is something upon which you can rely to know that your business is lawful.  If you are later accused of criminal activity from your business, and you were relying on the Legal Opinion of your attorney to govern your behavior and did nothing outside of that, then you have a proof of good faith reliance on the advice of counsel which can demonstrate a lack of intent to violate the law and commit a crime.  Intent is an element in most all serious crime, so this can be an important step.

Some things to consider, if this is your goal:
  • Seeking and following advice of counsel provides significant support of intent to comply with the law and refutes the inference of unlawful intent.
  • Written evidence (such as memorandums, letters or emails) of seeking and applying advice of counsel is important.
  • Disclosing the entire story and all relevant facts to counsel is critical to the legal validity of the advice of counsel defense.
  • Ignoring advice of counsel, unless supported by alternate legal interpretations supporting corporate decision making, may become evidence of a knowing violation.
3251  Bitcoin / Legal / Re: If virtual currency is taxed, why not tax sex, it is also a means of exchange... on: September 07, 2013, 10:34:02 AM
Let me get this straight:

Heidi Fleiss goes down for Tax Evasion and gets some time,
http://www.nytimes.com/1997/01/08/us/heidi-fleiss-given-37-month-sentence.html
and the Johns in these exchanges, were making unlawful deposits, and should get some too?

Seems queer to me.
3252  Bitcoin / Legal / Re: Airline Reward Points on: September 07, 2013, 10:06:15 AM
      They are not exchangeable to fiat. Buying/Selling miles for fiat is stictly prohibited by all airelines TOS.   
But buying and selling for BTC isn't?
3253  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: September 07, 2013, 09:37:53 AM
Am I the only one that thinks it's a pony??
probably but didn't someone else think it was a bollinger bandger?
3254  Economy / Service Announcements / Re: Convert bitcoin to cash for free with Bitcoin-Brokers on: September 07, 2013, 09:21:48 AM
What's different about this one?

With an exchange, all deposits are made to the same account number.

With Bitcoin-Brokers, cash is deposited directly into the seller's account.

The bank has no idea that the cash deposit transaction was Bitcoin-related, so it becomes much harder for them to prevent this activity without scrutinizing all cash deposits (e.g., asking for ID from the person making the deposit).   Of course, a large seller will have many cash deposit transactions and that alone might put them in the spotlight but the bank wouldn't necessarily know that the deposits were the result of a Bitcoin sale without doing much more investigative legwork.

Yes exactly, so the sellers bear the risk of account closure rather than B2, and since this risk is distributed across all sellers it is further reduced and also manageable by the individual sellers.
For my accounts, (where I get cash deposits from bullion buyers all over as a routine matter), it would be almost indistinguishable from this activity.
3255  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: September 07, 2013, 09:11:53 AM

A bull elephant!
3256  Economy / Collectibles / Re: New Bitcoin COLD HARD CASH by the makers of New Liberty Dollar on: September 07, 2013, 12:51:34 AM
is someone planning a group buy for this so we can get coins for a bit cheaper?

i would be interested as long as the scan code works correctly. I hate faulty technology  Tongue Undecided 

We've been testing scanning the QR with different phones, so far there have been two phones that were problematic, an old blackberry and an iphone in a white case which seemed to interfere in the reflection of the mirror-like back.  So black phones (or phone cases) will likely work better.  We will have more test results ahead of the 2014 issue so we will build on this, and a 1 ozt gold piece coming as well.

We very much wanted to get this in hands in 2013.  We will have a collectible hand stamp issue coming for the Oct 31, 5th anniversary of the Satoshi Whitepaper from '08 for those that are interested in collector pieces.

We also expect to continually invest in the destination site for the QR.  Consequently this is not likely to be a profitable enterprise for years to come, but we are in it for the long haul with more produced to stay ahead of demand each year going forward.

I have just learned that I have some competition!   Grin  It is flattering to have copiers.  Looks like he tried to hurry it out though.
Generally I relish competition, and this is no exception.  It is even more delightful that the competition is the notorious Rob Gray of the Mulligan Mint who is offering this piece: 

https://factorystore.mulliganmint.com/silver/1-oz/brilliant-uncirculated-quality/bit-coin.html

From a visual or reputation perspective, I don't see much competition.

We thought so as well, but then again we are biased.  Their design seems strikingly USA focused, and in English only.  The piece is priced in dollars rather than in Bitcoin, and the QR points to their general store rather than to a conversion tool.

Bitcoin is the global currency, it sees no borders so we used a borderless globe as the background and a gracefully curved BTC and a nominal value dated for 2013 to show future generations what a bitcoin was worth in 2013 as well as what it is worth at that future time.  The conjunction of these should show a stark mind-opening awareness for what inflation-proof currency can mean to those that use it.
3257  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: September 06, 2013, 09:59:44 PM

No, sorry to disappoint, but whoever drove the price up might or might not come back, but pump and dump 't was not.

That would suggest whale's accumulation is not yet complete, the buy in chunks as soon as sellers appear, then followed by flash-crashing it to set a new base for more accumulation?
3258  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: September 06, 2013, 09:57:02 PM
About here, on the 30th, i have predicted that we'll hit 120 before we hit 150, with a warning that my predictions are always wrong.

Here, we were a few bucks away from 150, and i pointed out that it looks like i'm wrong again.

Let's see if this wrongness streak keeps up Grin

But if you are wrong about being wrong, do two wrongs make a right?  That's just... wrong...
3259  Economy / Service Announcements / Re: Agora Commodities - A Full Service Bitcoin to Precious Metal Dealer. on: September 06, 2013, 09:54:49 PM
Thanks for the heads up. Understanding all the intricacies to protecting online privacy is a full time job. We appreciate you bringing this to our attention. It will get resolved ASAP.

No charge for that.  Keep up the great work and I look forward to working with you folks.
3260  Economy / Service Announcements / Re: Agora Commodities - A Full Service Bitcoin to Precious Metal Dealer. on: September 06, 2013, 09:50:19 PM

i agree with this. please change this. not that much needs to be hidden but do we need to make it even easier for the NSA...

on another note is this the best place to buy gold and silver for btc? seems pretty fair and trusted

They will be... once they also start carrying New Liberty Dollars, and COLD HARD CASH Bitcoin SpecieSmiley

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