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4761  Bitcoin / Bitcoin Discussion / Re: do bitcoin ATMs really suck this much? on: August 22, 2014, 01:12:21 PM
I view it as setting up a bank account because after the initial set up I can return to the ATM and simply buy Bitcoin just like I would withdraw cash from a normal ATM. Also, I had a pleasant experience.
+1
These laws apply to all money. It's not like there was a chance that bitcoin would be magical tax free money. For example, can you use an ATM machine without a bank account?
I know a lot of people here would be fine taking the legal risk of using a non-compliant machine. However you are not going to find someone willing to risk their capitol and their freedom so you can break the law. 
4762  Economy / Economics / Re: Bitcoin as a socially fair currency on: August 21, 2014, 08:20:50 PM
@Anders
I do think that Satoshi's idea was to address the problem of unfair distribution. It would be disastrous to just pick a few people and give them coins. In the bitcoin protocol you could see mining as a reward for work system. As miners process transactions and strengthen the network they are paid with the possibility of a block reward. Without such an incentive, they would likely not run their computers all day and use their electricity.

It does not lead to an egalitarian utopia. But it is far better than the federal reserve system we have in the U.S. And unlike most fiat currencies no one can control supply, price, distribution, etc. It is a brutal unregulated market. Still, I like it better than a rigged system.

-cheers mate
4763  Bitcoin / Legal / Re: Make youself heard now or never - NYC Bitlicense comment period extended on: August 21, 2014, 08:02:57 PM
Chinese Bitcoin Exchanges Submit a Joint Letter to the New York Department of Financial Services

https://vip.btcchina.com/page/notice/?id=17en

Good find! China "represent'n"  Cheesy
45 days and counting down. All the complaining in the world won't matter after that. But right now you have a rare opportunity to be listened to. You can email him also, but I think Ben Lawsky's twitter account is better. That way your words will not only be seen by him, they will be part of something bigger than an email.
4764  Bitcoin / Legal / Make youself heard now or never - NYC Bitlicense comment period extended on: August 21, 2014, 06:12:04 PM
https://twitter.com/BenLawsky/status/502493642846912512

Quote
DFS extending comment period for the Bitlicense reg an additional 45 days to October 21, 2014.

Here is your chance to be heard by people who will decide some of the laws on bitcoin. Tell them what you think and what you would like to see happen in the bitcoin economy. Don't get hit by the train, drive it!
4765  Other / Beginners & Help / Re: Satoshi Nakamoto - The Creator of BTC on: August 21, 2014, 06:03:44 PM
So they are a group of people ? @RodeoX
That's what I consider most likely. But I don't know.

At least for now, they wish to remain silent.  Lips sealed

Yeah, RodeoX! You know something we don't know? Holding out on us? lol
Like everyone else, I wish I did.  Cry
4766  Economy / Speculation / Re: Dropping to $350, do not buy in any dead cat bounces on: August 21, 2014, 05:59:01 PM
Your kidding, right?
You sold on the advice of a guy named Fallling, who always posts that bitcoin will die. Who do you think bought your coins?   Cheesy

I refuse to believe dropt sold on the words of falling. I will not hear it!

Hahah you guiiiisssseee!  

BTW: No, I didn't sell any BTC because of Falllling.  I actually didn't sell any at all.  Buying, however, that's a different story  Wink



I don't know how many times is enough, but...

1. Nobody knows the future. Speculation means guessing, just guessing. Do not listen to guessing.
2. Many people here try to drive the price with fear or happy B.S. Some are even paid to do so. Don't listen.
3. You are on your own in bitcoin. So Don't listen to others, they can't help you. Do your homework!

Wisdom.

I was wondering because you seem to be so much smarter than that. lol Looks like we know who the stupid one is now.  Embarrassed
4767  Other / Beginners & Help / Re: Satoshi Nakamoto - The Creator of BTC on: August 21, 2014, 05:56:40 PM
At least for now, they wish to remain silent.  Lips sealed
4768  Bitcoin / Legal / Re: Amazon not allowing use of word Bitcoin in apps on: August 21, 2014, 05:54:15 PM
What is "Amazon". Is that something like Overstock.com?
4769  Other / Politics & Society / Re: Why is there so many conspiracy junkies here? on: August 21, 2014, 05:53:15 PM
I suspect someone is behind it. That's why.  Cool
4770  Other / Off-topic / Re: Scientific proof that God exists? on: August 21, 2014, 05:50:35 PM
Actually, in our heart of hearts, way down deep in our spirits, in places that we have ignored for years, we all DO know that God DOES exist.

Smiley

I don't.  Huh
4771  Bitcoin / Bitcoin Discussion / Re: Thinking about a use case... on: August 21, 2014, 05:46:20 PM

2 things are required for the store operator to accept Bitcoin...

1. An internet connection. No need to explain why...

2. His vendor's acceptance of Bitcoin. If the vendor does not accept Bitcoin, he has to hit exchanges for encashing those BTC and that would be a business risk for him.

Actually it works like a chain and if u look at the top, there is OPEC.
You could even do it without the internet connection, sorta.
The vendor could have a QR code pasted to the pump. The buyer scans it with his phone and pays. The seller then checks the balance of the address to verify payment. In this scenario the seller does not have access to the coins for spending, just verification. It does require a phone connection to the internet though.
You could also make a phone friendly website that allows payment in route. By the time you get there, payment is confirmed. Just show the seller a code from the website to verify your identity as the payer.
4772  Other / Off-topic / Re: Bitcoin sticker on an AR15 at the National Match shooting competition on: August 21, 2014, 05:39:25 PM
Sweet. Is that Camp Perry? Some damn good shooters there. I shoot F class and I'm looking into PALMA.

4773  Other / Off-topic / Re: What is your Bitcoin wish? on: August 21, 2014, 05:28:03 PM
My wish is that all the little bitcoins would join hands and sing.  Smiley
4774  Economy / Economics / Re: Bitcoin as a socially fair currency on: August 21, 2014, 05:26:46 PM
Of the world's over 7 billion people, how many can today afford or even practically buy bitcoins? Not many percentage wise. And someone said that 70% of the U.S. population today don't even know what bitcoin is.
anyone with a penny can buy and use bitcoin. The price is completely irrelevant. If you own one dollar, you can buy one dollars worth of bitcoin. Same as when they were $0.06.
Quote

So how is that fair? It isn't. Because the opportunity to buy early is very lopsidedly distributed in society.

Early adoption of any successful enterprise is more profitable. That is just the way it works. The internet, stocks, start-ups. All favor early adoption. Those in early also take on much greater risk. It was not at all clear that bitcoin would work out and if their money had been lost would you be willing to share your money to cover their losses?
Quote
What about in the future? Let's say that a fraction of a percent of the world's population become very wealthy by having bought bitcoins early. The price of one bitcoin has become extremely high. Would that be a fair monetary system? Could be! Cheesy Why? Price/performance is progressing exponentially for information technology, and as Ray Kurzweil has pointed out, even material goods are becoming information technology.

This means that within a few decades people will be able to 3D print a Big Mac for free. And a decade after that, a flying Ferrari can be 3D printed for free. And then how many bitcoins you own will not matter that much. Ha ha.
Except that you will not be able to print for free. Things cost money and you will buy the software to print your hamburger then buy the stock material used to print it. Perhaps you will buy that stuff with bitcoin?
4775  Economy / Economics / Re: How do no fee exchanges make money on: August 21, 2014, 05:14:28 PM
Build up a user base and then run away with everyone's coins.
lol, that may be right. Or perhaps there are fees. For example they mean no fees on transactions, but a fee to deposit or withdraw.
4776  Economy / Speculation / Re: Dropping to $350, do not buy in any dead cat bounces on: August 21, 2014, 05:01:06 PM
I sold 450BTC at $460 because of Falllling, and now the price is $525!  Falllling scammed me out of $29,250!  Beware he's a scammer trying get you to loose your money to him.

Your kidding, right?
You sold on the advice of a guy named Fallling, who always posts that bitcoin will die. Who do you think bought your coins?   Cheesy

I don't know how many times is enough, but...

1. Nobody knows the future. Speculation means guessing, just guessing. Do not listen to guessing.
2. Many people here try to drive the price with fear or happy B.S. Some are even paid to do so. Don't listen.
3. You are on your own in bitcoin. So Don't listen to others, they can't help you. Do your homework!
 
4777  Economy / Services / Re: Possibly Looking For Someone To Collect On Debts Owed To Me on: August 21, 2014, 04:48:13 PM

 I would suggest to use something like darknet for this since it sounds a little illegal to do it Cheesy
I don't think it is illegal in the U.S. The OP could even sell the debt to a collector who then takes over pressing the deadbeat. Of course you can't beat the guy up, but you can make his life a living hell. Calling 10 times a day to his employer, posting on all his social media, asking the local police to accompany you on a visit to his house, etc.  Cool

When I've had to deal with stuff like this I follow the rule... "paying should be the least expensive option for the deadbeat."
4778  Other / Politics & Society / Re: Atheist evolutionary scientist convinced by the evidence on: August 21, 2014, 04:38:49 PM
I'm an evolutionary biologist. What evidence?
Another atheist scientist discusses his journey.

http://www.answersingenesis.org/articles/2008/08/26/confessions-of-a-former-atheist

Sure, I could find sites all over the Internet that attempted to address these issues and how they didn’t disprove evolution, but what I was concerned with was the fact that they had never been brought up before. It was as if all the difficult spots in evolutionary theory had been whitewashed.
There are difficult spots. For example the origin of life is a mystery. The worlds best biologists can not even tell you if life started on Earth. Physicists can't explain how living things stay alive. These a big questions that still have to be answered.
We may find answers to these questions eventually, but I don't think we are gong to find the answers in bronze age mythology.  
4779  Other / Politics & Society / Re: Atheist evolutionary scientist convinced by the evidence on: August 21, 2014, 03:48:22 PM
I'm an evolutionary biologist. What evidence?

EDIT: Oh I see he is NOT an evolutionary biologist. He's a doctor with no training in evolutionary biology.

 http://en.wikipedia.org/wiki/František_Vyskočil
4780  Bitcoin / Bitcoin Discussion / Re: Help my friend take bitcoin on: August 21, 2014, 03:46:48 PM
I think an online wallet on his phone is a good option. If his wallet starts getting fat he can transfer some out later. He could also go with a QR code sticker that patrons scan. He could then check the balance on blockchain with his phone. This protects his bitcoins from theft because he can only receive coins while he is working. 
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