My Siberian will eat your shiba inu as a snack.  |
|
|
|
Imagine that they make a mistake and they send me all that coins.  If they sent you a suitcase of cash you could spend it but bitcoin is traceable. Shortly after you set up an account somewhere to spend it you would get a knock on the door. I doubt you could even move very much of them on localbitcoins before you're sitting across a coffee shop table from a fed trying to buy them from you. One of the great features of Bitcoin is the permanent record. This is technically true, however there are a number of mixing services available that could help you disconnect the coins you are spending and the coins that were sent to you in error. Another issue is the fact that there are no laws against receiving funds at your address and spending them. As long as you would not steal the coins from the government they would likely have no case against you. Lucy you got a lot a splainen mixen to do. It's been proven that mixed Bitcoins have a degree of traceability. I'm sure with the resources of the government (the designers of crypto in the first place) it could be done. Money laundering is a federal crime in the United States, and is defined by Black's Law Dictionary (ninth edition) as "the act of transferring illegally obtained money through legitimate people or accounts so that its original source cannot be traced." That's your first crime according to the Uniform Money Services Act. If you receive stolen coins can you spend them? Can you keep and spend money that fell out of a Brinks truck or an armored US mint truck? Hum, I'm not sure. Receiving stolen property is a crime but are Bitcoins property? Spending marked $100 bills that were stolen in a bank robbery even if you aren't the robber will get you some jail time but are Bitcoins currency? I don't think I'd like to be the guinea pig. You go first. I'll send cigarettes to you at Guantanamo if they decide not to prosecute you at all. |
|
|
|
all my coins are bought
Have bought a few games for steam, still hoping more places accepting them (or at least have trusted sites that help to convert it) so I can use more services without entering CC info.
That's actually a great thing. Most places know of Bitcoin and have started to consider Bitcoin so we might hear less of credit card fraud. Credit card fraud? That's a strange thing to worry about considering one out of every 16-17 Bitcoins belongs to someone who stole it. If you ignore the 5 million or so of hoarded Bitcoins and that means about 1 in 6 Bitcoins have been stolen. There is a thread on this forum that shows a fraud total of 818,485 stolen Bitcoins worth around $500,000,000.00. That means almost 7% of all Bitcoins in existence have been taken by fraud. Could you imagine a credit card company, or any company for that matter, staying around long if 7% of their business was involved in fraud? I don't think so. |
|
|
|
|
You got me. The only thing left to do now is relax on a stack of barnwood in Grilled Cheese, Kansas.
|
|
|
|
|
17 days and counting. The forum seems unnervingly peaceful now.
|
|
|
|
Imagine that they make a mistake and they send me all that coins. If they sent you a suitcase of cash you could spend it but bitcoin is traceable. Shortly after you set up an account somewhere to spend it you would get a knock on the door. I doubt you could even move very much of them on localbitcoins before you're sitting across a coffee shop table from a fed trying to buy them from you. One of the great features of Bitcoin is the permanent record. |
|
|
|
Maybe he died.
Could be, he is an older gentleman. Maybe he started thinking about Davout stealing all that money from him and he grabbed his chest and hit the ground in the barn. |
|
|
|
That's true but why would you want that many btc at once? Spending spree at overstock?
If you want to hoard that many buy them slowly over a few weeks time and pay no markup over spot.
It should be obvious why BlackRock / Pantera Capital would want to buy "verifiably clean" bitcoins. DannyElfman's assertion that "Since bitcoin is fungible any coins are just as good as any other coins" is misguided. What happens when BlackRock "the world’s largest asset manager" with more than $4.32 Trillion US dollars under management pushes the issue, and Wall Street Investors demand "verifiably clean" bitcoins? Who wants to be associated with "criminal activities" and "terrorists" using unqualified coins?  Wake up and smell the coffee man  I won't really care what happens to Bitcoin at that point because I will have moved on to another crypto-currency. |
|
|
|
If there is any markup at all to these coins he could have saved money by buying them slowly at multiple exchanges with not much more time than they waited for the bid date. The only reason to bid at all is to either get screwed or buy below spot.
These are now 100% Clean Bitcoins in the eyes of US - almost like a new minted bitcoin that you just mined - no future questions at all. Who cares what the government thinks and we don't have blacklisting so it doesn't matter. |
|
|
|
I understand there are a lot of fees involved when buying that many Bitcoins, but $274 worth of fees per Bitcoin?  That would mean they paid $39,549,708 over market value..... It doesn't make any sense. I expected them to go higher than market value due to fees of buying that much Bitcoin, but $274 per Bitcoin is a little much. I could of bought them that many Bitcoins and only taken a $100 per Bitcoin cut ($14,434,200.) I guess you need to take into account of how buying this much Bitcoin would affect the market, but damn that seems like a lot. No, actually you can't, if I gave you $20m right now and ask you to return me 32000 BTC in a week, you can't do it on open exchange without pushing the price up to $800-$900 level. That's true but why would you want that many btc at once? Spending spree at overstock? If you want to hoard that many buy them slowly over a few weeks time and pay no markup over spot. There's a ton of reasons, for example there's currently several ETN trying to launch on wall street, and all of them will need a ton of BTC reserves on hand to start their operations. Or maybe just some rich guy thinking BTC price will explode in the coming weeks and trying to get in as soon as possible, and he might be right (or wrong). If there is any markup at all to these coins he could have saved money by buying them slowly at multiple exchanges with not much more time than they waited for the bid date. The only reason to bid at all is to either get screwed or buy below spot. |
|
|
|
May I humbly suggest we stop constantly throwing links at Coindesk (news aggregation) and instead link the actual source material?
Coindesk basically takes other people's news and re-posts it with a few words on their own site. it's a shitty, asinine practice and we shouldn't support it.
You must be really cross with news.google.com eh? outrageous practice! LOL Thank god Digg is gone. Crazy idea of reposting what interests people in a specific community. |
|
|
|
And yet there are something like 13 million millionaires in the world..being a millionaire is now commonplace and doesn't make you important.
Owning a single bitcoin one day will mean you are a magnitude more wealthy than today's "millionaires".
Bitcoin may not suceed, think it will but it may not, it is good not to be too unrealistic 655$ on Bitstamt at the moment so maybe we can get excited? It will be back at $1k by year end. |
|
|
|
|
15 days now. That's got to be a record. I called the cops in Cheesesteak, Montana and let them know you're late to post on an Internet forum. I'm not sure why but they hung up on me. Hum, public servants are so rude.
|
|
|
|
|
The CIA bought them as an insurance policy against the dollar crash.
|
|
|
|
This thread is never going to die! Atlas threads never die. They just threaten to commit suicide and get banned for life. Atlas certainly had a lasting impact around here. Last year, there was a very active "Atlas" on btc-e.com chat, but he always insisted he was not the same person who was banned here. Atlas: https://litecointalk.org/index.php?topic=41.0 |
|
|
|
I understand there are a lot of fees involved when buying that many Bitcoins, but $274 worth of fees per Bitcoin? That would mean they paid $39,549,708 over market value..... It doesn't make any sense. I expected them to go higher than market value due to fees of buying that much Bitcoin, but $274 per Bitcoin is a little much. I could of bought them that many Bitcoins and only taken a $100 per Bitcoin cut ($14,434,200.) I guess you need to take into account of how buying this much Bitcoin would affect the market, but damn that seems like a lot. No, actually you can't, if I gave you $20m right now and ask you to return me 32000 BTC in a week, you can't do it on open exchange without pushing the price up to $800-$900 level. That's true but why would you want that many btc at once? Spending spree at overstock? If you want to hoard that many buy them slowly over a few weeks time and pay no markup over spot. |
|
|
|
One thing we can count on, they won't dump the coins on an exchange. They're gonna save them.
Or Dr. Evil bought them to crash the price to nothing.  |
|
|
|
This thread is never going to die! Atlas threads never die. They just threaten to commit suicide and get banned for life. |
|
|
|
|
The bidders all lowballed except one and they won them all. Interesting.
|
|
|
|
Who cares?
By the time western union accepts bitcoin, bitcoin is already bigger than western union.
And besides, who would like to pay huge fees to transfer bitcoin?
Bitcoin will make WU obsolete.
Are you kidding? Do you know how they work? WU could replace ACH/ETF and wire transfers internationally and cash people out in fiat. They could work like a very trustworthy exchange. So everyone's big plan is to eliminate every business on the planet except Overstock, Dish Network and grocery stores? That's pretty short sighted. I'm exactly the opposite, I want every existing business on the planet to figure out a way to incorporate Bitcoin into their business model. |
|
|
|
|
Show Posts
