if I sell the stock on GLBSE, the asset holders are the ones entitled to the dividends.
Heh, ... so you'll be getting the 1099 for the dividends (and for the proceeds for when you sell the AAPL shares also)? Just read up on 1099. It's really sad how the US is turning into Europe when it comes to regulation and controls. Worse, in some cases. Not sure how this applies to me as a foreigner - I'll have to ask the broker. Turning into? 1099s have been around for quite a while. |
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So if I get you right you have a product that is 40 times better (MH/$) than ztex. I thought ASIC only lowered electricity consumption compared to FPGAs.
You need to disclose power consumption and noise level.
When will you show pictures of the products?
After you have the ASIC production ready (hardware design, silicon masks, etc) CPU-sized chips can be produced for less than $10 a piece. Of course, you have to mark it up to cover development costs and there are additional costs for the board you put it in, but I wouldn't be surprised if they could just pull out the FPGA core from their singles and drop in the ASIC for those who upgrade. |
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Sorry guys but Greece rushing to the BTC is nothing but wet dreams of you hoarders. The Greece can withdraw their cash and put it under their mattress. It's EUR after all. That will not devaluate tomorrow even if they turn to the XGD. As an expert I would never ever suggest on a national news outlet to save money in BTC as what would happen would be you getting all excited about the article buying the BTC to 20$ faster than any any Greek can type bitcoin.org, Greeks would buy it to 250$ and then you would get wet feet and sell high leaving the "saved Greeks" in the rain. In order to allow new people buy bitcoin, the same amount of BTC has to be sold. I agree, Greeks are very unlikely to adopt bitcoin in any significant fashion. However, the window is narrowing for them to be able to withdrawal their Euros in a timely fashion. Capital controls are looking more and more likely. |
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I am requesting a 1 week, 1 day loan of 120 BTC. I will repay 130 BTC (8.333% interest) within 192 hours from receipt of the bitcoins. The bitcoins will be invested with BTCST and there will be no insurance/reserves in case of BTCST defaulting. I have had several large withdrawals lately and this loan will boost my total balance back up to the 7% tier. The loan will be accepted from the first person to PM me a repayment address. I will respond with a deposit address for you to send the coins.
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it hard to get bitcoins fast - bitcoins would be a bitmore usefull if you could buy them with credit cards / paypal
if you want to tranfer money to someone via bitcoins and it a weekend how do you do
bank tranfer take time
cash deposites take time(and usably closed on saturday / sunday)
this. in the end Bitcoins are not anymore useful than what's already available in society. that's why many people see it as simply the black market currency of the internet, where illegal things become possible. so in the end what's the benefit? a legal black market that is not really practical? plus the community acts like a bee hive.. if you're not working with them to uplift them and their idea (Bitcoin), they will harshly ridicule you even if your opinion is based on reality and constructiveness.. not that I know how bee hives work, but I know that if you look foreign, it's considered a threat, and if you linger around not sharing the same purpose (you're not a bee), you're going to get stung eventually. so I really don't like that cult mentality I see here. it's the opposite of what leads to success in anything. The benefit is the well defined, unchangeable supply. Bitcoins will be created on a set schedule and this schedule will not be deviated from on a long term basis (short term there are small fluctuations in the introduction rate due to the way bitcoin transaction processing works). With every other currency in the world, the rich and powerful get the "right" to print money and hand it to other rich and powerful people. When this new money is introduced into the economy, it drives up prices and steals value from anyone holding the currency. If you enjoy constantly rising prices and not being able to save cash for a rainy day without having it lose purchasing power, than enjoy your fiat. If you'd like to see something better, helps us get Bitcoin to the point where it can be more stable and widely used. |
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I have told a lot of my friends about Bitcoin, some liked the idea some didn't. But the true problem IMO is that we (we=Greeks) don't trust others easily. And to start with Bitcoin you have to relay on trust.
To start with Bitcoin, you only have to trust the mathematics laid out here: http://www.bitcoin.org/bitcoin.pdfOf course, you would also have to trust your mathematics abilities, so that's not really an option for everyone. |
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If you put a prime number of balls in a basket and send it to space, will aliens be able to divide them equally among themselves without breaking one?
Sure, they would put them all in a "safe" location and hand out certificates worth # of balls/# of aliens. If someone ever acquired enough certificates for a whole ball through trade they could cash it in for one of the balls. Just like gold used to be divided without physical division. As for the rest of it, I'm satisfied with the answers. I sometimes just like to throw up positions I don't fully believe just to see how people handle the thought experiment. |
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It was 2008 when I checked into it. What you get told about "the law" is usually just a bank policy weather the banker knows this or not. Usually they don't. They only know what they've been told.
There may be a way around the physical address restriction, but if they are giving up potential customers that tells me the workaround is sufficiently troublesome as to make it de facto the law. What I found in the US Code( http://www.law.cornell.edu/uscode/text/31/5318A) was this regarding the required records for all transactions: (B) Form of records and reports.— Such records and reports shall be made and retained at such time, in such manner, and for such period of time, as the Secretary shall determine, and shall include such information as the Secretary may determine, including—
(i) the identity and address of the participants in a transaction or relationship, including the identity of the originator of any funds transfer;
(ii) the legal capacity in which a participant in any transaction is acting;
(iii) the identity of the beneficial owner of the funds involved in any transaction, in accordance with such procedures as the Secretary determines to be reasonable and practicable to obtain and retain the information; and
(iv) a description of any transaction.
(i) does not specify the specifics of what constitutes and address record, but it is probably specified somewhere. I'm just too lazy to find it. It's also possible that this is left up the the Secretary of the Treasury, as the identity requirements are. |
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I've read the entirety of this thread and the "A day in the life of a pirate" thread. Pirate, I understand that you cannot disclose the specifics of your business practices, but is there a way to provide more transparency? One thing I would like to know (and wouldn't we all) is: how many BTC does BTCS&T hold? If you prefer not to disclose, that's your prerogative, of course, but I can't help but wonder because of the mathematical implications of compounding interest.
Many account holders receive weekly payments rather than compounding their interest. I'm tired of seeing people make the assumption that his holdings are growing exponentially. |
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That too can be done although it is difficult. KYC "regulations" do not require a physical address in the US. Most US banks do want a US shipping address to send your statements, checkbook, debit card and such to, which is easy enough to take care of. Most also will say that they require the foreign resident physically come to the bank to open the account. The most common answer you'll get is that it's not possible, but that is not true at all.
EverBank at least used to open accounts for foreign residents by mail, although they did want a lot of documents.
Most of the biggest banks will open accounts for foreign residents too. Just visit their site and look around. The process may be not worth the trouble or cost, but it's very possible to do, especially if your initial deposit will be substantial and they understand the reasons that you want to open an account there.
You do not need a Social Security Number to bank in the USA but having an SSN will almost guarantee that opening a bank account is an easy task. It's often treated as a well known fact that you must have a valid SSN or the bank cannot legally open an account for you, but in actual fact that it not true.
Was this Everbank experience before 2001? Since then things have changed drastically. And in 2008 when I worked customer support for Bank of America, they taught us that it was a US government requirement to have a physical address. Can you provide evidence or experience (more recent than 2001) that it's possible to open an account without a physical address? |
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Counting only USD based assets, my net worth is -$50k (students loans, mortgage).
Counting only BTC based assets, my net worth is > $7k and rapidly growing.
That's why I sell BTC.
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Bitcoin may not catch on, but something like it eventually will I have to say, I hate this sentiment. If not Bitcoin, what then? Something government controlled? If Bitcoin fails with its popularity and its strong community I doubt anything better is going to rise from its ashes. It depends how/why it fails. |
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Two questions. 1. Will you offer a discount for large buy orders? If so what is the discount.
2. Ever thought of creating a subsiduary of bitpay to offer options? Sounds like you have a big enough stake in the market to offer such things. This will boost your payments business being able to guarantee a certain payout at a small fee.
at this point, large orders actually put more stress on us than small ones. We have a much more likely risk of losing money on large orders. So unfortunately there isn't a discount. I am very familiar with options trading and how they work. I just wish someone else would do it. we've got our hands full at the moment. I think he's asking about buying up some of the bitcoins you're trying to sell. |
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Yes and physical identification. Apparently it became much harder to open a bank account in the US after 9/11 This is just stupid. One world. One future. Yep, it was part of the http://en.wikipedia.org/wiki/Patriot_Act. I've read it's mostly just an translation/adaptation of the Nazi constitution, but I don't know enough German to look into it. Either way, it's a bunch of fear-based, freedom-eliminating, nonsensical, nationalistic bullshit. |
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This is why I skipped over FPGAs  . I'm also assuming that by the time November rolls around either BFL or a competitor will be able to ship in a reasonable timeframe, so I'm skipping preorders. In the meantime, my BTC stash is invested in fast growing ventures so I can maximize my purchasing power. In fact, some of it will probably stay there because while it is higher risk than buying mining hardware, it is more profitable. You have a good point revenue wise, but bitcoin needs to increase the speed for security reasons ASAP, so by buying ASICs you're protecting all Bitcoin business. With 40 GH/s for $1500, this will not be an issue. I'll get some hardware for sure regardless. |
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How about the other way round? Is there a way to open a bank account in the US for European citizens? Used to have one at Citizens Bank a few years back, but I was in the US at the time. Closed it again to avoid fees when going back. Love to do some arbitrage.
Apparently it is not possible to open an account these days without being resident. Yep. Know Your Customer ( http://en.wikipedia.org/wiki/Know_your_customer) regulations require a physical address in the US. You could probably manage it if you got a citizen to forward your mail for you, but if you were doing a lot of transactions and any flags were raised they (and their property if they own it) would be in the firing line. |
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I wouldn't try this without a bot to maintain your spread close to the actual price. If AAPL moves hard and you're slow to respond you will lose out. If this happens enough times you'll end up with half as many bitcoins as if you had just sold for USD and bought BTC.
This +1. You're essentially risking against fluctuations of both BTC/USD and AAPL prices. Yep, since you're quoting in BTC, if BTC moves hard (even more likely) you'll be in the same boat. |
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This is why I skipped over FPGAs . I'm also assuming that by the time November rolls around either BFL or a competitor will be able to ship in a reasonable timeframe, so I'm skipping preorders. In the meantime, my BTC stash is invested in fast growing ventures so I can maximize my purchasing power. In fact, some of it will probably stay there because while it is higher risk than buying mining hardware, it is more profitable. |
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Issue #2012-26 is now available for download. Post a copy near your workspace or favorite watering hole: breakroom, local cafe, community board, etc. Also, please post these PDFs to any language specific forums you are aware of that may find this information useful. The English version is already being plastered everywhere but the alternate language versions could use some promotion in those countries. Last week, Vietnam rocked the Google Analytic stats by posting the issue to their mining forum. Also, I dunno if I narrowed down the free bitcent windows to tight, but only one giveaway was taken last week. I've opened it up a little bit this week, so be sure to get your friends to give it a shot for some free bitcents. Please support/like us on Facebook. I still need ~15 more likes before I can get a custom URL for the page. Archives - https://www.coindl.com/page/author/104English version: Bottom of left column: seemily -> seemingly Right column, bitcoindeals.com: growning -> growing |
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