What is a great beginner bolt action rifle?
background, shot 22's as a kid, havent shot or owned a firearm since.
Edit: my area is South Florida
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Does anyone know why TH has not shown the new K16 v.0.3.0 board hashing? Then only thing they have shown is the original K16 that had lots of hardware errors.
I think they JUST ordered them... what was it... last week? look... he is months away from even getting it right with a K16... 8/15/13 delivery date --> 8/15/ 14 is more likely.... ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) Don't listen to Kkooks, Look at his past posts, He definitely has issues with conspiracy and what not. It's sad there are so many deranged and saddened individuals like this on this forum and in bitcoin in general. They have a K16 Hashing, it was physically seen by two people that visited and they showed a video. Welcome to the real world Kkooks! nice! that is great news?! nevermind... i cannot find the videos... You dont mean the ones where they were miserably failing with HW errors and not even hitting the 4.5GHash advertised? Right? Less than 5 days away from the promised delivery deadlne buddy. I need them meds you are on. They seem to be doing you wonders... You are a special kind of stupid. Ignored, enjoy. I know I promised I would leave this thread for ever when I got my refund, but I just have to comment. Bar, you seem like a rational intelligent person, but honestly man step back for a second and look at the reality of the situation.
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great news, thanks again tyrion70 && blastbob!
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Does this feel like terrahash to anyone else?
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To answer your question, banks will be obsolete. As every individual is in control of their own economy there is no need for banks.
Bankers are not going to sit there and let themselves be obsolete any more than solar power will make Exxon Mobil and Big Oil obsolete. They aren't doing down without a fight and they have VERY deep pockets unlimited funds via the federal reserve / treasury for their war chest. ftfy
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if you have any left im down for some
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Still looking to buy, btc in hand!
You want to buy scam coupon? No, I am looking to buy ligit coupons.
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Still looking to buy, btc in hand!
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The whole "bitcoin is monopoly money" didn't work out for him, it seems. Better if all other smartasses take notice! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) And if pirate is smart, he better watch his ass if he is sent to prison! hes not, he is defending himself!
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gotta love the price drop of 30%! ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fj6TBhiy.jpg&t=663&c=2wK_Kq34TGq8Ng)
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Just as Soylent is disrupting the traditional food industry, Bitcoin is revolutionizing the way value is transferred between individuals and businesses. A completely decentralized online currency, Bitcoin is rapidly gaining traction among tech-savvy early adopters and the wider online population. We are excited to announce that as of today, we are accepting Bitcoins for Soylent pre-orders. Big thanks to the Crowdhoster team for their help implementing this functionality, and their commitment to building the open crowdfunding platform of the future, along with Coinbase, for powering the transactions. Please visit http://campaign.soylent.me to pay for your future food with future money! Soylent is a simple and affordable nutritional drink that has everything the healthy body needs. http://blog.soylent.me/post/57550580385/just-as-soylent-is-disrupting-the-traditional-food
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VerifyBTC is provided by Crypto Materials Inc., a company that is developing security microchips and hardware for strengthening the Bitcoin ecosystem. Our mission is to help people use Bitcoin safely. Take a look at our introduction video:
https://verifybtc.com/about-us.php
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I apologize in advance for the cross post, but I wanted to point out the below fact. There you go, a US federal judge presiding over a case with the SEC has formerly stated that bitcoin is a form of money. Therefore, Bitcoin is a currency or form of money, and investors wishing to invest in BTCST provided an investment of money.
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The kids are watching spongebob right now, so some crazy ass flute song!
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There you go, a US federal judge presiding over a case with the SEC has formerly stated that bitcoin is a form of money. Therefore, Bitcoin is a currency or form of money, and investors wishing to invest in BTCST provided an investment of money.
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http://www.courthousenews.com/2013/08/06/Bitcoin.pdfUnited States District Court EASTERN DISTRICT OF TEXAS SHERMAN DIVISION SECURITIES AND EXCHANGE § COMMISSION § § V. § CASE NO. 4:13-CV-416 § TRENDON T. SHAVERS and BITCOIN § SAVINGS AND TRUST § MEMORANDUM OPINION REGARDING THE COURT’S SUBJECT MATTER JURISDICTION The question currently before the Court is whether or not it has subject matter jurisdiction over this action pursuant to Sections 20 and 22 of the Securities Act of 1933 (the “Securities Act”) [15 U.S.C. §§ 77t and 77v] and Sections 21 and 27 of the Exchange Act of 1934 (the “Exchange Act”) [15 U.S.C. §§ 78u and 78aa]. On August 5, 2013, the Court conducted a hearing at which Defendant, Trendon T. Shavers (“Shavers”), challenged the Court’s subject matter jurisdiction over this case. Shavers is an individual residing in McKinney, Texas, and is the founder and operator of Bitcoin Savings and Trust (“BTCST”), formerly known as First Pirate Savings & Trust. According to the facts stated by the SEC,1 Shavers made a number of solicitations aimed at enticing lenders to invest in Bitcoin-related investment opportunities. Bitcoin is an electronic form of currency unbacked by any real asset and without specie, such as coin or precious metal. Derek A. Dion, I’ll Glady Trade You Two Bits on Tuesday for a Byte Today: Bitcoin, Regulating Fraud in the E-Conomy of Hacker-Cash, 2013 U. Ill. J.L. Tech & Pol’y 165, 167 (2013). “It is not regulated by a central bank or any other form of governmental authority; instead, the supply of Bitcoins is based on an algorithm which structures
1These facts were not challenged at the hearing on August 5, 2013. Case 4:13-cv-00416-RC-ALM Document 23 Filed 08/06/13 Page 1 of 4 PageID #: 566 a decentralized peer-to-peer transaction system.” Id. Bitcoin was designed to reduce transaction costs, and allows users to work together to validate transactions by creating a public record of the chain of custody of each Bitcoin. Id. Bitcoin can be used to purchase items online, and some retail establishments have begun accepting Bitcoin in exchange for gift cards or other purchases. The value of Bitcoin is volatile and ranges from less than $2 per Bitcoin to more than $260 per Bitcoin (Dkt. #3 at 1). Beginning in November of 2011, Shavers began advertising that he was in the business of “selling Bitcoin to a group of local people” and offered investors up to 1% interest daily “until either you withdraw the funds or my local dealings dry up and I can no longer be profitable” (Dkt. #3 at 3). During the relevant period, Shavers obtained at least 700,467 Bitcoin in principal investments from BTCST investors, or $4,592,806 in U.S. dollars, based on the daily average price of Bitcoin when the BTCST investors purchased their BTCST investments (Dkt. #3 at 4). The BTCST investors who suffered net losses (compared to investors who received more in withdrawals and purported interest payments than they invested in principal), collectively lost 263,104 Bitcoin in principal, that is $1,834,303 based on the daily average price of Bitcoin when they purchased their BTCST investments, or in excess of $23 million based on currently available Bitcoin exchange rates. Id. The SEC asserts that Shavers made a number of misrepresentations to investors regarding the nature of the investments and that he defrauded investors. However, the question currently before the Court is whether the BTCST investments in this case are securities as defined by Federal Securities Laws. Shavers argues that the BTCST investments are not securities because Bitcoin is not money, and is not part of anything regulated by the United States. Shavers also contends that his transactions were all Bitcoin transactions and that no money ever exchanged Case 4:13-cv-00416-RC-ALM Document 23 Filed 08/06/13 Page 2 of 4 PageID #: 567 hands. The SEC argues that the BTCST investments are both investment contracts and notes, and, thus, are securities. The term “security” is defined as “any note, stock, treasury stock, security future, security-based swap, bond…[or] investment contract…” 15 U.S.C. § 77b. An investment contract is any contract, transaction, or scheme involving (1) an investment of money, (2) in a common enterprise, (3) with the expectation that profits will be derived from the efforts of the promoter or a third party. SEC v. W.J. Howey & Co., 328 U.S. 293, 298-99 (1946); Long v. Shultz Cattle Co, 881 F.2d 129, 132 (1989). First, the Court must determine whether the BTCST investments constitute an investment of money. It is clear that Bitcoin can be used as money. It can be used to purchase goods or services, and as Shavers stated, used to pay for individual living expenses. The only limitation of Bitcoin is that it is limited to those places that accept it as currency. However, it can also be exchanged for conventional currencies, such as the U.S. dollar, Euro, Yen, and Yuan. Therefore, Bitcoin is a currency or form of money, and investors wishing to invest in BTCST provided an investment of money. Next, the Court looks at whether there is a common enterprise. To show a common enterprise, the Fifth Circuit requires interdependence between the investors and the promotor, which “may be demonstrated by the investors’ collective reliance on the promotor’s expertise even where the promotor receives only a flat fee or commission rather than a share in the profits of the venture.” Long, 881 F.2d at 141. That interdependence is established in this case because the investors here were dependent on Shavers’ expertise in Bitcoin markets and his local connections. In addition, Shavers allegedly promised a substantial return on their investments as a result of his trading and exchanging Bitcoin. Therefore, the Court finds that there is a common enterprise. Case 4:13-cv-00416-RC-ALM Document 23 Filed 08/06/13 Page 3 of 4 PageID #: 568 Finally, the Court considers whether there is an expectation that profits will be derived from the efforts of the promotor or third party. The Court finds that this prong is also met. At the outset, Shavers allegedly promised up to 1% interest daily, and at some point during the relevant period the interest promised was at 3.9%. Clearly any investors participating in the BTCST investments were expecting profits from the efforts of Shavers. CONCLUSION Therefore, the Court finds that the BTCST investments meet the definition of investment contract, and as such, are securities.2 For these reasons, the Court finds that it has subject matter jurisdiction over this matter, pursuant to Sections 20 and 22 of the Securities Act of 1933 (the “Securities Act”) [15 U.S.C. §§ 77t and 77v] and Sections 21 and 27 of the Exchange Act of 1934 (the “Exchange Act”) [15 U.S.C. §§ 78u and 78aa].
2 Having found that the BTCST investments are “investment contracts” and, thus, securities, the Court will not consider whether the BTCST investments are also “notes.” Case 4:13-cv-00416-RC-ALM Document 23 Filed 08/06/13 Page 4 of 4 PageID #: 569 ___________________________________ AMOS L. MAZZANT UNITED STATES MAGISTRATE JUDGE SIGNED this 6th day of August, 2013.
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