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The statement "Your funds are safe with Bitcoin Consultancy" on your website might be considered misleading and it could be argued that it is an explicit guarantee. It seems to me that a good lawyer would ask you to take that statement down. Additionally, it might be wise to have a TOS page that outlines and discloses the risks of storing funds with an online wallet service. If anything, these suggestions can only help to reduce your liability in the event your system is compromised in any way. "Full Disclosure" as they say...
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We couldn't find this path on the new Lion OS. Any suggestions? |
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Looking to back up the wallet.dat file but can't find the file path in Lion...anybody know the answer?
Thanks!
Trader Steve
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So you're offering 5%? (10.48 dollars to a bitcoin), or you want 5%? (9.49 dollars to a bitcoin)
You pay a 5% premium. |
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Had a smooth transaction with zillagod - he sent first.
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I can sell you some for 10.5
PM me if interested.
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I was wondering the same thing...does anybody have an archive of the podcasts?
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"Free market" means no person or group has the right to force any other person or group to make any economic decision. This leaves room for government involvement in a very narrow field - namely contract enforcement and theft and violence prevention/prosecution.
In practice, this would have a few key features:
- No minimum wage
- No taxation of trade or income
- No import/export restrictions
- No central control of monetary systems, no central bank
- No FDIC
- No "consumer safety regulations"
- No building codes
- No FDA
- No prohibition of substances
- No prohibition of voluntary action (incl. gambling and prostitution, etc.)
The United States of America is not even close to a "free market." It is a socialist/corporatist nation, not a capitalist nation (the fact that it's not as socialist as other places doesn't make it capitalist).
+1 |
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There will be numerous bubbles... probably 1-3 per year for a number of years. Bitcoin is so revolutionary, and it's true implications lay somewhere between "gonna collapse and nobody will use it" to "it will totally change the world and dominate international finance."
With a range of outcomes like that, and extremely liquid global marketplaces for bitcoins, nobody should be surprised to see wild swings in price while humanity tries to discover the "real" value of this new invention.
The true value of Bitcoin is unknowable... it is something the marketplace is trying to figure out.
+1 |
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Nice! If the price is reasonable (whatever that means) you can count me as one of your first customers!
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Please post what you think defines a "Free Market", using a moderate level of detail.
no regulations at all. No two sentence answers. fuck you! my choice not yours! Freedom of choice. I think the above sums it up nicely. For more detail I suggest reading "My Philosophy of Liberty" at http://www.economicsandliberty.com |
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It's very hard to start a business in the United States without doing something illegal. I imagine it is the same in most other countries. The problem is that the number of regulations in time have grown so dramatically that they now invade every aspect of our lives. Most of the business that you can probably think of will be illegal, and thus you either have to do them illegally and probably be jailed, or just not do them. Most people don't do them. This is tragic. Opportunities are lost. Technologies are not invented. The world is not made better. All because the government does everything in its power to make the elites invulnerable to competition.
I don't advise making a company that does anything unethical. Unfortunately, the law and ethics do not overlap very much. Almost all regulations are there to entrench powers, not to ensure ethics. Bitcoin provides an opportunity to work around this problem by making anonymous companies. Silk Road is an example of this. They have established what a successful business anonymously. This is possible because payments are made with bitcoins. This would obviously not be possible with credit cards, where the identities of everyone involved would be seen by third parties.
Thus, we see that bitcoin has solved the most important remaining problem preventing anonymous companies: payments can now be made anonymously (or at least pseudonymously) over the internet. This is huge. Go back and think of all those business ideas you had, but didn't do, because they were illegal. They are now made possible with bitcoin. Again, I don't advise anyone do anything unethical - just illegal. Take patents, for example. They are a ludicrous regulation that shouldn't exist. So ignore them. Just make your business anonymous, and no one can enforce the patent on you. You will be immune.
I believe it will become mainstream to create anonymous companies, insofar as that is necessary to avoid corrupt regulations. It is only a matter of having the relevant technologies in place, and bitcoin is probably the most significant advance along this front in recent history. The success of Silk Road is evidence that all the relevant technologies are now in place. Being able to ignore regulations is an enormous advance. Everything will be cheaper and rate of innovation will accelerate. Anonymous or pseudonymous companies are the future. The economic pressure for this just means it is a question if how fast this happens, not if. It will be anarchy. In a good way.
+1 -> See: Bitcoin: A New Commodity Created To Serve Market Demandhttp://tinyurl.com/3e85xr8 |
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We've talked to a lot of banks and there aren't any that actually like Bitcoin. Most banks want absolutely nothing to do with
Big surprise!  This is why it is so important to develop your local network of trusted trading partners. Join or start a MeetUp group, exchange contact info, develop a mailing list, and start trading! |
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UPDATE: Sales prices have been updated. Now cheaper in dollar terms!
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A 51% loss is better than a 100% loss but somebody's got some " esplainin' " to do.
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