'm speaking not only from an economic perspective, but as an active re-seller of bitcoins. 4% is the bare minimum which I aim to make on any sale, and that's on top of the fees I pay. My average profit is 6-7%, which puts my sell prices at about 8-10% above the spot price on any exchange. And yet I still have a multitude of buyers and probably need to raise my own prices because I ran short on supply just today.
The bottom line is, for 4% it's easy for me to decline your offer. If you were offering at least 6% I could consider it. All the hiss and wind and basically you're just angling for a bigger cut of the action ... I bet you make a good haggler in the bazaar? |
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Anytime sayulita is in control of bitcoin or fiat for his US clients he is effective performing money transmission according to Money Transmission Laws depending in which US State his client is located.
Come on legal eagle ... you have just thrown down an accusation in public and he has responded. What say you now? Why couldn't you have thought this up instead of spending endless hours fretting and pants-wetting over when FinCen is going to be busting down your door? To me it looks quite simple and along the lines of what freely associating and trading people should be allowed to do in a free society, trade. What do you want next, ban all transactions between people that the lawyers don't want happening? You people really are the problem, not the solution ... the worst thing is you can't see past yourself what an absolute hindrance and drain on society you really are. |
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Maybe sometime in the future you could add a local DNS server or alias too, to make it easier to browse .bit domains Cheesy Hey great idea .. no-one has thought of that before ... maybe sometime in the future you could offer to help build it? |
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guess not, it needs the time. maybe there will a solution in the far future for this.
we could make a official website with the newest chain (like latest 7 days old) where people can download it. that would be a solution  We would need someone trustworthy to sign it .... The blockchain is somewhat self signing. What about chopping off the last 100 blocks from the downloaded archive? Should be pretty trustworthy if made sure the difficulty of the last 100 blocks is reasonable. Correct if you run with the -loadblock=<file> flag the first time after downloading the blockchain file ... any blockchain older than a day is missing the last 144 blocks ... |
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guess not, it needs the time. maybe there will a solution in the far future for this.
we could make a official website with the newest chain (like latest 7 days old) where people can download it. that would be a solution We would need someone trustworthy to sign it .... |
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It seems you hear what you want to hear, translating other peoples messages etc... Once again: If you are NOT a criminal money laundering is NOT a crime! Is a wrong statement. It has basic deficiencies in understanding what money laundering or crimes are. That's all my post was about. Now, since you have now brought up that other stuff, just some notes about it: PRISM and similar programs in other countries (like it was unknown before Snowden that governments were spying on their citizens) don't really have anything to do with tax information. The tax information about your legitimate income is already known to the governments, they don't have to spy for it. In some countries this information is even public (well at least the statistcs of your taxes, not individual transactions, deals etc...) and accessible to everyone. This is how it already works and while some people may think it's pain in the ass to have their incomes public, it doesn't seem to cause any real problems. You had allegations that since your taxes are known to the government, this could somehow leak secret information to your competitors that is essential to stay secret for your business model? Do you have any examples when this is an issue? It's very far-fetched that this is ever a problem. Your income is not "trade secrets", it's not patented technologies or business choices, or addresses of your partners, etc... Also, by your definition, your competitors' information could be leaked to you as well (since the government has their information as well), so it should be fair play for everybody? Says the guy posting anonymously on the Internet .... why don't you tell us your name and your income, since you think there is absolutely no problem having that sensitive social information public? |
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It's been over a week and I still haven't heard from anyone. What's the haps?
You get scamed. Feeling stupid? Apologise please. |
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Alt-chain, no pre-mine, early adopters ... shouldn't this really be posted in "Alternate Cryptocurrencies" ... Mods?
I think this system is much more than an alt-coin and will enable trading of BTC for fiat as well as earning interest on BTC. It will enable you to move fiat into the centralized exchanges or purchase BitUSD with actual USD and then use cross-chain trading to buy BTC. So there are many aspects of this that make BitShares a meta-system rather than just a crypto-currency. I also think this has far broader application to Bitcoin community than a 'alt-coin' does. For example, the name coin thread hasn't been moved by the mods. Alternate cryptocurrencies Discussion of cryptocurrencies other than Bitcoin. Note that discussion of how these currencies *relate to* Bitcoin may fit in other categories.... so this is basically another ripple (more distributed but open source eventually when the VC's allow it) with it's own currency (bitshares) right? (From a high level view) |
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I don't want to be elected to any thing. I think you're safe with that one. |
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Alt-chain, no pre-mine, early adopters ... shouldn't this really be posted in "Alternate Cryptocurrencies" ... Mods?
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Don't directors usually elect the executive director? And the directors are elected by the membership?
(b) Vacancies of a Founding Director resulting from resignation of the director or removal of the director shall be filled by election of a majority of the Founding Members.
This is bitcoin foundation, they should be open about it, and allow members to vote on it. But they are flexing their egos and power trips to show everyone that they ultimately control the foundation. If we want to get legal about it (while the BOD page is not up to date), Peter Vessenes would have to resign or be removed from the board entirely to trigger an election. In his blog, he doesn't appear to have said so: https://bitcoinfoundation.org/blog/?p=214If PV's still a member of the board of directors, then he did not leave a vacancy on the board. There was simply a title shift, him to non-exec board of directors member, Matonis to exec director. Additionally, the exec director position is typically paid in any organization; as PV referred to it as "this hire", I believe this is the case. The membership at large does not typically control hiring, only via ousting board members who make the hiring decisions. That's how I saw it ... I suppose the Secretary position is now open, maybe gweedo wants to get elected for that? |
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Wow! Sounds awesome! Like it can do anything you might want it to ... Which is why we obtained VC funding so quickly. Daniel really knocked this one out of the park. Satoshi should have presented his paper for VC funding on that logic ....  |
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I will say a few more things before I leave:
BitShares is not an altcoin competing with Bitcoin, but rather a metacurrency to support a new kind of digital asset.
BitShares does not seek to replace conventional Bitcoin exchanges, but rather link them together and significantly enhance their functionality.
BitShares will allow for easy person to person trading similar to Local Bitcoins, but much faster and safer
BitShares is very altcoin friendly and will eventually allow other currencies like Litecoin and Feathercoin to trade without the need of a central exchange.
BitShares will be like crack for Wall Street and drive significant mainstream adoption of crypto-currencies to the financial sector benefiting all CC in the regulatory and legal spectrum.
Those that use BitShares are not to the best of our knowledge using bearer bonds or acting as money transmitters.
Wow! Sounds awesome! Like it can do anything you might want it to ... |
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Yet they don't talk about why they skipped the voting process and gave him the job. If that is what you call perfect, then we are in trouble. I was simply addressing Jon's words ... in our previous encounters you have come across as an ill-informed malcontent so any "trouble" you see is probably nothing to be too concerned with and absolutely do not see myself being any part of the "we" you've globbed onto us with ... i.e. you might be in trouble, leave me out of it. |
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Load the origonal chain on a SSD the switch to a HDD when it's done. Took less than 2 hrs for me and didn't tax my PC at all.
Good plan. Linux users with lots of RAM (~4Gb or more) could use /dev/shm also I suppose. |
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https://bitcoinfoundation.org/blog/?p=222Why I Accepted Executive Director Position for Bitcoin Foundation
Jon Matonis
Jul 09 2013
I am proud to have been associated with the Bitcoin Foundation since its launch just nine short months ago. A nonprofit organization for Bitcoin can add greatly to the political and economic discourse for cryptographic money and monetary freedom. As Executive Director, I welcome the new challenge.
The Foundation has never claimed to represent all of Bitcoin nor all of its users because that would be impossible for any organization. Rather, the Foundation has consistently attempted to fill the gap where market-based incentives may not have produced the same outcome, such as in the areas of specialized grants and compensation transparency for volunteer developers as well as legal challenges to bitcoin usage and the sponsorship of aggressive legal defense.
For instance, we made our “cease and desist” correspondence with the State of California publicly available which can assist bitcoin exchanges and other bitcoin organizations in the future. Also, we intend to file amicus briefs in significant bitcoin-related legal cases and to offer pro bono legal defense where appropriate. In the next 30 days, we are scheduled to submit comments to FinCEN’s guidance and request for industry feedback on rulemaking. This will be made publicly available too.
The Foundation is not pro-regulation as some have claimed, but it is pro-education. I fully support across the board bitcoin education for legislative and regulatory entities. Proper education is not anti-market and I also agree with economist Peter Šurda who stated that lobbying on behalf of Bitcoin is not necessarily anti-market. However, constructing barriers to market entry and being complicit in certain crony capitalism regulatory outcomes is anti-market. I will steadfastly oppose a crony capitalism direction for the Bitcoin Foundation.
One of my primary near-term objectives for the Foundation is to become more inclusive of the various constituencies within the global bitcoin community. This will involve being more responsive to and communicative with member requests. It will also involve being more open to internationalization. Currently, 60% of the Foundation’s membership is non-US based and we need to do a better job behaving like a global organization. To this end, we will hold the next Bitcoin conference outside of the United States and we will sign on local Foundation chapters in several countries where interested parties have taken the lead on expanding the principles of Bitcoin in their region.
The bursting of Bitcoin technology on the scene at this time in history is not a mere coincidence. It is a reaction to three separate epochal developments largely emanating from the developed economies: (1) centralized and oppressive monetary authority (2) a dominant and complicit legacy banking system, and (3) the eradication of financial privacy.
Future generations will not be very forgiving if the Foundation fails in its mission to standardize and protect Bitcoin worldwide. The youth of today, including the youth of the legislative and ruling classes, certainly grasp this movement and the demographics clearly bear that out. Choice in currency is the free speech of commerce.
Just as those against file sharing and BitTorrent technology were on the wrong side of history, so too are the institutional forces opposed to unfettered bitcoin growth. The great challenge and mandate for our time is in encouraging them to see it that way. Please join us.
Perfect. |
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It's like a bootstrapping ... if enough people spend enough time speculating with bitcoin that it will become a currency then it will become a currency. Kind of defines how money becomes money also ... so economists are just getting a real world lesson on some stuff Mises did a while back that they have conveniently forgotten, imho.
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Got City of London written all over this ....
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This is a great article, well worth the read.
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Good news. Go get 'em Jon (NB: debating anything with gweedo is exercise in futility, the fact that he has problems with Jon matonis should tell you everything you need to know about him.) |
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