personally - just as an exercise - i think the way to go is:
find an island nation (somewhere in micronesia, for example) that knows its days are numbered by sea level rise due to global warming - and they're very aware of that. a nation like that already has recognized sovereignty. get them to sell you one of their shortly-to-be underwater islands, with the proviso that you are both granted independence and guaranteed they will recognize you as a sovereign nation at the UN. they need money to relocate their population. they'll do it, for enough: high tens of millions i'd imagine.
then just start building out your little island - and building it higher. if you've got something that's stable on the ocean floor, that's really all you need.
This is essentially what happened with Minerva. In 1971, barges loaded with sand arrived from Australia, bringing the reef level above the water and allowing construction of a small tower and flag. The Republic of Minerva issued a declaration of independence on 19 January 1972, in letters to neighboring countries and even created their own currency. In February 1972, Morris C. Davis was elected as Provisional President of the Republic of Minerva. Even if Tonga hadn't asserted a claim over the Minerva reefs (a claim disputed by Fiji), nothing bound other countries in the region to recognise the Republic of Minerva as an independent, sovereign nation. There are literally tens of thousands of islands in the Pacific and many of them are for sale, but they're not likely to ever be for sale "no strings attached" - especially not in such a volatile region where fledging nations trying to assert their independence with the support of the international community still often fail. |
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MtGox is a shocking example. Their repeated and inexcusable fuck-ups over the last couple of months have almost certainly lost Bitcoin a significant number of existing and potential users. Also, the exchanges have a vested interest in Bitcoin being perceived as and traded like a commodity rather than used as a currency - I'm not sure that counts as "success" in terms of Satoshi's vision.
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Paypal's Peter Theil is a high profile supporter of The Seasteading Insitute. |
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The idea that you can demand your local police perform a forensic examination of your computers just because MtGox wants it done is would be laughable if it wasn't for the fact that they almost certainly realise that the police simply won't do it and have therefore set you impossible to meet terms.
Perhaps MtGox users should demand to see the police reports relating to the MtGox hack and what forensic examination of MtGox's computers revealed about that incident...
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If Bitcoin becomes successful, down goes the tyranny on money. If nobody can control the wealth, very little can be controlled.
Why not just be content with that? Promote Bitcoin as Bitcoin, not as something that validates your ideology. Even if you know that it does, you don't need to push that on people who are going to react negatively to it. Know your audience and have some tact, otherwise you're doing both Bitcoin and your ideology a disservice. It's not just the ideology which is a deterrent, it's also the "fuck you, got mine" attitude which characterises so many threads dealing with BTC-related issues. Deleted your wallet? You're not l33t enough to be trusted with the protocol. Had your account hacked? You should have used better passwords. Unable to access your money? You should have picked a different exchange. You're not going to get merchants flocking to add BTC as a payment method while such attitudes are common and highly visible. Merchants want to know that if they have a problem with using BTC, support will be available at a similar level to which it's currently offered by their existing payment platforms and this forum does nothing to create the impression that it will be. |
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Man, how is it even possible that an operation dealing with hundreds of thousands of dollars a day drops the ball like this? MtGox should have accounts in SEVERAL European banks, as well as US, Canadian, Australian, Japanese, Hong Kong... please, guys, time to raise the bar of professionalism a bit.
Ideally, they should have at least two bank accounts in each location to avoid co-mingling depositor funds with their operating funds and their local currency reserves. |
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This is definitely a move in the right direction. There needs to be a clear distinction between the official face of the Bitcoin Project and this forum.
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Bitcoin is going to be used in scams just like standard currency is. There's no real way to prevent that other than encouraging people to evaluate opportunities on their merits and to not assume that something is legitimate just because it uses Bitcoin.
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Hi, We can accept postal cash deposit ($20~$2000 I think), so I'd need some people to test that and see if it works. Contact me ( admin@mtgox.com ) so I can send you a barcode you'll have to print to go to the post (or not print, I don't know if you can key it manually). Anyway I need people who are in Australia to test this. Is this through BPay or through POSTBillPay? Australia Post accepts payments for both and you can pay both in person, online, or by phone - the barcode makes it quicker if you're lined up at the post office but you really only need the biller code and the customer reference number. n/m Looks like it's Technocash. They charge a $ 2 administration fee for each deposit through Australia Post. |
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How'd you get your coins? Oh yea, Miners who sold them.
Nuff said.
yes but the amount of coins newly introduced into the market is less than the old coins that are constantly being bought and sold again. Which indicates that a lot of traders are speculating - which is no less mercenary than miners cashing out as they go and is a perfectly legitimate reason to enter a market anyway. |
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If you're in it for the long haul and not planning on selling your own coins in the short or medium term, then why are you concerned about the current downward pressure on price?
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Some people find it easier with an Ignore button. I do. If there was an Ignore button here, you wouldn't be compelled to use it. What's wrong with having the option?
Yes, it took a conscious effort not to reply to Synaptic. An ignore button mightn't entirely solve that problem as the ignore option usually still shows any quotes of the ignored poster. |
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I'm aware of someone who unexpectedly found bitc.exe *32 on their computer today and has submitted it to the major AV companies for analysis.
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this is no card
it was for a house i've lost now.
this is the rest they want from me.
This fight is now 5 years old, but now i am stuck there.
they will take me anything away.
There are messageboards which deal specifically with all kinds of credit related issues and you'd be better off seeking advice there. As the options open to you depend very much on your location - some jurisdictions are "no recourse" with respect to mortgages/HELOC other than foreclosure itself - you'll need to seek advice regarding insolvency in your specific location. |
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A Point Of Sale system would be easier to implement with BitCoins than normal currency. I think people underestimate the flexibility and ease of use this presents to developers. That offsets the cost of entry into regulated markets significantly, because security and regulation compliant software can be developed and implemented at a fraction of the cost. What remains is licensing fees and proper registration. Merchants will be looking for any Bitcoin POS system to integrate seamlessly with their existing EFTPOS platform, to offer a similar level of automatic record-keeping, and which offers excellent merchant support. All of these things can be developed but it's naive to believe that merchants will be falling over themselves to adopt Bitcoin before it can reliably offer the same advantages as other payment processing systems at a lower cost. Ideally, it needs to be able to handle both transactions where identifying the customer making the payment is essential (by tying the transaction to a customer reference number) as well as those where that information is unimportant. It also needs to be as hassle-free as possible from the viewpoint of both the vendor and the customer and it's nowhere near that point yet. As the majority of merchants will be more interested in adding Bitcoin to their currently accepted payment methods rather than only accepting Bitcoin, the issue of easily converting Bitcoin to local currency in near real time will also need to be solved. The current standard for settlement of credit and debit card transactions is overnight cleared funds and merchants are going to need the capacity for being able to get funds from conversion into both their local currency and their Bitcoin accounts at least that fast without any hassle. |
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I'm not sure whether this is still an issue for them, but here's MtGox's last announcement regarding LR. Due to a recent shortage of LibertyReserve Dollars, customers who have tried withdrawing to their LibertyReserve accounts from Mt.Gox have been seeing delays of up to 3 days. This shortage or LibetyReserve Dollars is being amplified by a segment of our users who are disproportionately withdrawing large amounts of LibertyReserve Dollars compared to what is being deposited. In effect, some users have been using Mt.Gox as a LibertyReserve exchanger.
We are doing everything we can to avoid making fees higher and are working with LibertyReserve exchanges to buy up any LibertyReserve Dollars available, but have been coming up short. We would like to ask users to avoid doing withdraws to LibertyReserve for the time being, or until LibertyReserve begins issuing more of its currency. Please be advised that if you withdraw to a LibertyReserve account it may take up to 5 full business days to receive your funds. https://support.mtgox.com/entries/20239036-important-notice-libertyreserve-delays |
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It will likely take a few weeks for them to gather that much LibertyReserve. Be patient.
This is why MtGox is a joke. There are numerous LR exchangers which operate 24/7 from whom they could purchase LR which would be cleared into their account within 24 hours and then transferred instantly to the OP's account. |
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I see BitCoin replacing, or at least reforming, various services that are currently dominated by PayPal, Credit Card companies, and banks. If BitCoin stabilizes, then people will be able to use it confidently as a means of exchanging value.
The infrastructure which underlies the financial services you've mentioned is enormous and I don't believe that it can be duplicated at no cost. While Bitcoin is well suited to being a means of exchange in grey and black markets, the kind of confidence you're talking about probably depends on it operating within a regulated environment and there are significant barriers to entering the regulated financial services industry. I also think that many people seriously underestimate how much Bitcoin will have to evolve before accepting it becomes attractive to merchants. |
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1 - What is IRC? Some shit all mtgox users need to know how to use to get ahold of them? 2 - What do they want their support ticketing system for if you have to use one half-dead pre-historical messaging system to get support?  I know you are trying to help, but the OP do have a valid point. From everything I've read on here, MtGox support absolutely sucks. I agree that it's absurd people should have to go to IRC to get issues resolved quickly but it does seem to be the quickest way to get hold of MagicalTux if you're having issues which may need to be fixed manually. The delay in processing the withdrawal doesn't sound unusual - none of the exchanges seem to offer instant withdrawal facilities - but because the amount of the withdrawal is substantial and above their normal withdrawal limits, it's probably better to follow it up sooner rather than later. |
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