In attendance were high-level representatives from FinCEN, IRS, FDIC, Federal Reserve, OCC, FBI, DEA, Secret Service, Department of Homeland Security and more. What about the SEC? They're the regulatory agency for brokers and exchanges. If Bitcoin were a commodity or currency you could trade on major exchanges, we could get rid of all those clowns trying to run Bitcoin exchanges. Bitcoin is both, but calling it by those names isn't going to get it listed on Forex. That usually takes some major banks with an interest in trading in it. |
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Did the Foundation convey to the agencies of Bitcoin's existential threat to fiat currencies?
Do they understand what the implications to governments would be if a significant portion of all commerce was done using bitcoins as opposed to the USD?
It is disinformation that governments would suffer in a Bitcoin economy. Governments will still raise tax revenue but the emphasis would move from income tax to asset and sales taxes. They would have to live within their means, but this will actually benefit them in the long run. Governments that live perpetually beyond their means eventually undergo systemic failure. There are countless examples. In Western countries it is a bloated welfare/entitlement state and participation in non-defense wars of choice which wreck government finances. Without printable fiat the electorate would fully understand that governments could only offer welfare which is affordable and participate in wars which are truly matters of defense. Government transparency, responsibility and simpler accounting could be among the early benefits. Once they get it, they may like it for the right reasons even if they don't like it for the ways it isn't broken. |
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Add in mixing services and you're anon again.
Or zerocoin/zerocoin like implementation. Zerocoin is intriguing, though an issue with the homepage always gnaws at me: Just as paper currency once gained its value from being redeemable for gold, zerocoins gain their value from being redeemable for bitcoins. I don't know a lot about this but it seems backwards. First, isn't gold the anonymous store of value, and paper currencies the non-anonymous serialized more trackable payment devices? Second, are Zerocoins redeemable for bitcoin or is it a oneway trip the other way? I have a lot to learn about it yet but my inclination when I see questionable openings is to suggest that it would go swifter riding along top one of the other cryptocurrencies and would also bring more value to a smaller one and thus be more swiftly implemented for live experimentation and learn how it is socialized in a place further from the front lines. Once the technical aspects are sorted, expect the social and community adjustment will be instructive. It can always be added later, and sometimes software and protocols aren't always perfect the first time they are added. |
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I was asked a great question privately, and I would like to answer it publicly as well in case there are others with a similar inquiry. For the price of these silver pieces, there are two price components, the current spot market price of the silver, and the premium (which covers repair and maintenance of the mint, the smelting of the ore, the design of the piece, the diemaking, and the rest). Adding the two of these gives the price. This price is displayed when the QR code is read.
With these COLD HARD CASH silver pieces, the premium component decreases with the quantity purchased. This allows a discount to those that participate in fostering the bitcoin economy by purchasing and distributing these bitcoin specie in much the same way that bitcoin miners are rewarded for processing transactions and helping bitcoins find their proper homes.
So you may see a price of .045 bitcoin (at quantity 10), this would be the premium.
Add to that the current spot market price of the silver bullion and you get the price of the piece.
When the 30 and 90 day moving average are both over USD$150, we will drop the premiums to a lower level to adjust for the sustained price of bitcoin.
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On Aug 21, 2013 you purchased 4.00 BTC via bank transfer for $448.63.
Unfortunately, we have decided to cancel this order because it appears to be high risk. We do not send out any bitcoins on high risk transactions, and you will receive a refund to your bank account in 3-4 business days.
Please understand that we do this to keep the community safe and avoid fraudulent transactions. Apologies if you are one of the good users who gets caught up in this preventitive measure - we don't get it right 100% of the time, but we need to be cautious when it comes to preventing fraud.
You may have more luck trying again in a few weeks. Best of luck and thank you for trying Coinbase.
Kind regards,
The Coinbase Team
=====================
No surprise with the price move again in their favor.
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How much for one shipped to The Netherlands with a plastic casing?
For just one, you would pay more for the shipping than for the piece itself. I expect to be in Amsterdam for European Bitcoin Convention at the end of next month and I should have some with me. Further, I am hopeful for local distribution in Netherlands that can organize group buys, or buy and resell. I will be looking for such special people in each region. For the Liberty Dollar we had more than there were states. California alone had seven regions. |
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... they had nothing to fear from the government as long as they followed U.S. financial rules.
^could be problematic for most, if not all, companies currently involved in bitcoin. First, it is super expensive. Second, who knows what those recent 20+ subpoenas will reveal. Would anyone be surprised if the regulatory bodies determine that no current bitcoin-related companies have adequate KYC and anti money laundering procedures in place? KYC is not really that hard or expensive. There are service desks that will do it for you for a few bucks a customer. Perhaps it is the non-monetary costs that have been more daunting? |
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A busy start of the week for you.
Looking forward to some words, when you get a chance to take a breath.
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Speaker list:
Johann Gevers, Entrepreneur (Monetas)
Leszek Rychlewski, Developer (PicoStocks)
Mike Hearn, Developer (Google)
Celso Cardoso Pitta, Entrepreneur (BTCJAM)
Jeff Garzik, Developer (Bitcoin)
Danny Brewster, Correspondent (Cyprus)
Kris Henriksen, Entrepreneur (BIPS)
Tuur Demeester, Editor at Macrotrends
Tamas Blummer, Founder (Bits of Proof)
Willem van Rooyen, Skilled Gaming SC2BTC
Peter Šurda, Economics of Bitcoin
Stefan Thomas, Developer (Ripple)
Mirko Sprengnether, German Attorney (Winheller)
Eli Sklar, Entrepreneur (SafeBit)
Joseph Perling, Founder (New Liberty Dollar)
Charles Lee, Developer (Litecoin)
Ron Gross, Founder (Bitblu)
Chris Odom, Developer (Open Transactions)
Nejc Kodrič, Entrepreneur (Bitstamp)
Mihai Alisie, Editor (Bitcoin Magazine)
Willem Van Oort, eGaming Consultant
And we're still adding more.
.....
Hope to see you there... |
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Get it in writing...  I hear they have lawyers, guns and money...  |
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Guidance is not law.
Besides, FinCEN is part of the US government, whereas the Bank of Thailand is not part of the government.
this. And FinCEN is a part of the Dept of the Treasury, executive branch. Yes they do not make law, they do enforce it however, and so their guidance on how then intend to enforce it is instructive but not dispositive absent any definitive litigation and legislation. In plain English, that means they are announcing (the guidance) what (they think) the current law means and they are likely to attempt to enforce it as such. Judges may disagree. If it is Judge vs FinCEN, Judge wins. Congresscritters may disagree. If they pass some law that changes or refines the FinCEN guidance, that wins too (subject to it being ruled in court). In the final analysis, what happens in court matters most for criminal matters. |
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How do we place an order?
It will be a lot easier once coldhardca.sh is ready. I'd wanted fennec (of Preev.com) to do the site but he is involved in other matters currently and my other folks are taking their sweet time.  The pricing is fairly easily computed though. At QTY 10 your premium is .045 BTC (rather than .05) Silver spot at the moment is .1854 BTC http://preev.com/btc/xagSo your price per is .2304 BTC for each 1 ozt quarter bitcoin piece so: 2.304 BTC plus shipping from the USA You can use the payment address in my profile: 1FyaQM8uuZpH9eaBFJGuZuGsFti1FTw4Ns Or I can generate a specific one if you prefer. Send your shipping location and signature name for the receiver. |
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I am interested in 10 of the uncirculated coins when available. Do they come with a plastic case?
All sorts of cases are available, though we are more eager for these to circulate than sit in plastic. Air-tite cases are available at .005 BTC each, so add .05 for 10. Or the standard tube as depicted in the photo. We also have tube holders sized for air-tites (will get a picture up for those). |
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now we are onto something interesting..
We never discussed about a SPLIT.
Stocks are split regularly, but in BTC this does not really work. Any idea?
If there is no split, BTCUSD will be like Warren Buffet's stock. Berkshire Hathaway (BRK.A). Current price 173,220.00 $ We can just split 1 Bitcoin into 1000 bits. yes, or prices need to be quoted in satoshis. still, there needs to be some sort of "agreement" to be able to show prices differently in charts software, financial media, etc.. who decides on the "split"? I hope for a diversity of scales to be used via metric prefixes. A hope which is realized in the past! https://en.bitcoin.it/wiki/Units1 BTC = 1000 mBTC = μ1000000 |
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That's probably because US soldiers are forced to take drugs to reduce any feelings of empathy
Speaking as someone who has/had soldiers in my family, WTF are you talking about? Why would U.S soldiers need drugs to reduce empathy when all soldiers ( not just the U.S ) willingly submit themselves to training programs that are designed to do that? It's the Taliban that use drugs on their soldiers and for once the army isn't just making that shit up to scare us because a huge percentage of the worlds drug market comes from Afghanistan. "Captain America: The First Avenger" was not a documentary. |
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Some good news, on the First Strike auction for those that missed out.
I have identified one (so far) recipient that is willing to part with theirs.
He is still deciding how to arrange that, whether to put it on EBay or sell it directly.
I may get the opportunity to discuss it with him this evening.
I am also hoping for more good news on our repair effort for the minting equipment today.
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Houses can't be transferred or sold with unpaid tax liens on them.
There hasn't been taxes paid on this house since 2007.
Whomever takes legal ownership of the houses gets $13,000 worth of back taxes.
They need to pay the taxes to get clear the deed..
If no taxes are paid, the county takes the house, auctions the stuff inside and sells the property for enough to cover the delinquency.
Enough info is starting to surface about Joey's current situation to get him motivated to make this right.
Austin - you'll soon have the leverage you need.
Hmmm I could bitcoins to buy the house, just to evict joey and demolish the place. The land is probably worth $13k Generally this is process based. The county auctions to pay the debt. In my county it is after 5 years delinquent which wipes out some but not all liens depending if the lien runs with the property or is another type of liability (superfund, etc) The county may not be able to accept such an offer unless it is through the process set to govern it (often an auction) Having bought many properties at tax auction, many get bid up over their value, 25K is likely too high if it is not well maintained in an area where they are selling for 30K, but it may get bid up to that. |
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Dear desired_username,
We've been talking about this transparency thing and heck, i suppose you deserve it. Besides, our obfuscation campaign is getting frayed around the edges, and intrepid fellows like yourself have already poked it full of holes.
I guess i might as well come out and say it: You, citizens, are being raised as feed and chew toys. For our statist lap poodle, Fifi.
Missis Obama, softhearted as she is, though it best for you not to know, so's you could frolic happily until your number came up (it's 1730867037422, desired_username, we're on 1730257033827, you got plenty of time), but heck, since you asked...
Yes, the chemtrails are real -- we're dispersing an average of 3.7 kilotonnes of MDMA-B into the atmosphere to make your life seem bearable and worth living. You were right, the fiat currencies of the world are but another vector of distribution for that stuff -- that's why the rich are so darn happy.
So now you know.
Love,
The Government.
I'm no conspiracy buff, but isn't there something interesting with the BrainMind Study proposal as well? http://www.whitehouse.gov/blog/2013/04/02/brain-initiative-challenges-researchers-unlock-mysteries-human-mindPerhaps sometimes the medium is the massage after all? |
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