It's obvious you don't know the law or else you'd come and tell me what you think he is doing that is illegal. You probably didn't know that any otherwise illegal businesses are legal there so long as they don't operate to Singaporean customers did you? How do you think paypal has succeeded so well?
Welcome to the 21st century where servers in the supposedly secure locations get busted. Megaupload if someone put half a mind to it something similar or worse could easily happen in this type of situation. So who's spreading FUD now? I'm sure you're correct on scale, but I am sure Zhou will be pleased to hear he is now comparable to the success of MegaUpload. Nice. |
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I don't think you understand anything about the way the backend of bitcoinica works, where it's actually operated from, etc. I'll let him speak for himself though as it's his job, not mine. He's using a Singapore Bank account and their law is pretty straight forward on this type of business. "law is pretty straight forward on this type of business." Is there a point in there somewhere? It's obvious you don't know the law or else you'd come and tell me what you think he is doing that is illegal. You probably didn't know that any otherwise illegal businesses are legal there so long as they don't operate to Singaporean customers did you? How do you think paypal has succeeded so well? Please do some research on how Paypal operates in Singapore and then we can have a proper debate and clarification from the Ministry of Trade (which Zhou has already contacted). Stop spreading FUD. |
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I don't think you understand anything about the way the backend of bitcoinica works, where it's actually operated from, etc. I'll let him speak for himself though as it's his job, not mine. |
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The asterisk suddenly disappeared.
Did Zhou get bought?
Has everybody pussied out?
Basically What's up?
Zhou will explain everything in his interview this week. Stay tuned. |
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i see nothing wrong with well behaved pandas and cute girls...
Sorry but I guess I've been living too close to Japan for too long to think that a panda bear and a cute girl can be in the same room together without something vile happening. |
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After talking to a friend IRL about the two party escrow thing I realized there is nothing to stop the buyer from not releasing the money after the items arrive.
EX: I get items from seller, I'm already out my 100 bitcoins, and he's out 10 more, LOL! I'm going to change my name and no one will never know that I'm a dick!
I think both sides would need a ~10% additional escrow to prevent all malicious fraud. I think this is important especially for buyers as they will have far less reputation to verify and depend on compared to centralized merchants.
The reason I (and others) linked to past discussions is so that less time is spent reinventing the wheel. Take a look at this for example. Some more discussion occurred here. Thank you for sharing Meni. Many of us are very new to these issues, and some of us (like myself) have already followed them but were not quite clear on some of the finer points. I am glad to see everyone discussing this issue just the same. |
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Woops. Stupid tablet.
3.0 BTC
You are the winner , Congratualtions. http://db.tt/OQddeWPPGoat missed it by 1 min and 23 sec. Anyways again Congratualtions , will PM you in a few hours since I'm on my iPhone. Good luck next time for the next bidders. I will create a new auctions for a new account soon, so be ready. Account will have 3k+ followers. Again thank you everyone for bidding Congratualtions Matthew  You might as well just take it at this price! I have never even used twitter:P I don't feel good about taking this considering everyone including myself was confused about the auction's terms. If anyone disagrees with this and wants to challenge it, I will be happy to have him redo the auction. Also, the next one is mine too! FNEH!  |
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Wait...you guys are actually confused as to why they wouldn't be 100% against bitcoin? You know it puts them out of business in the long run, right?
Bitcoin is not a consumer solution. It's an industrial large scale solution.
Bitcoin doesn't replace Western Union, it replaces the core of Western union INSIDE of Western union, to save them money for providing the same service.
If you think of it this way, Dwolla is doing awesome keeping it a secret.
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Interesting how an instant payment system with a mind to take over payments across the world that is run by some dudes can be considered legitimate and legal and yet bitcoin..... riiight.
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The user's local time right now is: January 20, 2012, 01:34:32 AM That means that as of my post right now, there are still 22 1/2 hours left on this auction. I don't know why he said "3 hours left", but if he meant it, I won. If not, I'll still win! FNEH!  if he said 3 hours left i got in before 3 hours where up. op also says pm? on the 20th? lol Let's ignore what he said since you can't change the rules in mid-auction anyway, even if he wanted to. This auction ends:
Monday, January 20th at 11:59:59 PM 22 hours left by his local time. |
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The user's local time right now is: January 20, 2012, 01:34:32 AM That means that as of my post right now, there are still 22 1/2 hours left on this auction. I don't know why he said "3 hours left", but if he meant it, I won. If not, I'll still win! FNEH! |
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Im Auctioning off my personal twitter account https://twitter.com/#!/ilovebitcoins. This twitter account comes with an email access Start Bid: 0.05BTC Bid Increments: 0.05BTC This auction ends: Monday, January 20th at 11:59:59 PM Now that I think about it... That means the auction ends in 2014 -_-; |
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there is no where in the world it is 11pm on friday the 20th... but yeah we need a timezone...
it is Friday the 20th here in Korea. |
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NVM, I can't tell the time... its 4 minutes past the deadline and it looks like Goat missed it too.
Just in case ^_^ |
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movie computer needs to be as silent as possible.
mining computer is about as noisy as it gets.
seems strange to me that anyone would attempt watching a movie while mining.
lawl. QFT. |
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I am happy with it so far. Made money for me. Skype  what is that Can't...tell...if...oh shut up |
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What's bitscalper?
It's the front-end to an experiment for an arbitrage trading bot. |
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I agree (with both the previous two posts) but it seems strange to see Matthew being nice to these guys. Are you getting soft I talk to him on Skype everyday. Believe it or not, there are all kinds of bonus levels that aren't accessible from bitcointalk.org. And I use a Game Genie, too. |
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Ugh. You guys are incouragable.
He's having problems with his connection is all. It'll be back shortly.
No one is running away with anyone's money.
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