tl;dr... bitcoins are legal
Yeah, I've been jumping with joy for the past 10 minutes  I also see this as a positive development, especially in the long run. |
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Can I come by your place and see the units hashing before buying them?
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People can try and keep their fiat savings outside of the banks, but their salaries are still being deposited into bank accounts, and are vulnerable to similar sudden, retroactive changes in rules (stealing, that is). Does any company pay cash salaries any more? When I was a kid, my parents used to come home once a month with an envelope full of currency bills...
What happened in Cyprus is essentially a retroactive taxation.
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From a link by Technomage:  |
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If I was a benevolent dictator of Cyprus, I would buy a bunch of bitcoins quetly, order a shitload of ASIC miners and adopt Bitcoin as reserve currency while using a state issued currency (Drahma?) in interim. Though risking US/Turkish invasion is not a small feat. There was recently one benevolent dictator who did not push his people into debt to international bankers, held lots of gold, and worked on gold-backed pan-African currency. Armed rebelion was organized and supported by several powerful countries, and he and most of his familiy was ultimately murdered. |
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It's not your money in that bank account; it's their money. You don't issue it, you don't own it, you don't control it. You are simply allowed to use it under strict terms of those who issue it, own it, and control it.
Bitcoin, on the other hand...
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Yes, if you work at a bitcoin mining company.
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Shit. I'm getting old, and I'm deleting my post. |
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http://planet.infowars.com/business/bitcoin-will-destroy-humanity-insert-a-trojan-rfid-tyrannical-exploit-into-societyBitcoin WILL DESTROY Humanity & Insert A Trojan RFID Tyrannical Exploit Into Society !
by Courtney
Dear Humanity,
Do NOT Fall victim to the latest women in the “red dress” known only to the financial/Technological industry as “Bitcoin”.
Sure from the offset everything looks inticing… on paper & to the eyes… but she is a wolf in sheep’s’ clothing…a modern day’s fools digital gold coin…searching to exploit the system…not fix it!
Speaking as someone who has been a computer programmer/designer for over the past 10 years, the glaring security flaws & lack of accountability that will be committed under this new rootkit of evil has & like always will be paved with good intentions. Max Keiser is completely on board with this technological alternative…however bare in mind he also lives in London, under complete and utterly the highest surveillance control known to man. I know first hand, as I have been to London myself and seen all the implementations of “Big Brother”& “Big Sis”. There’s literally 1000′s of video cameras in a 10 mile radius, posters in subway cars and underground metro systems giving hotlines to call if you witness a “crime”..no trash cans as “They” fear that civilians will try to repeat history and execute bombs in them..So just keep this in mind…as you’re making up your own mind..you know with “free will” and all !
[...] Bitcoin is the rootkit of evil because Max Keiser lives in London without trash cans. These kinds of idiots actually have audience in the United States of America. |
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Yes. It's been failing since 2009, so obviously, OP is correct. Everyone's hoarding it, nobody is using it. End of thread. Let's move on.
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No time to read through the whole thread -
Bitcoin may turn out to be of historical importance. Therefore, everyone here should make sure these early days are documented. If you do have home footages of your mining rigs, bitcoin discussions, in-person trades, bitcoin firsts, bitcoin disasters, angry wives - by all means preserve these footages and share them with Spekulatius!
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I get it you pay 24% on the currency fee, when doing an exchange ? Paying 24% extra for bitcoins essentially makes them useless. Indeed. That's why a business in Finland really can't sell bitcoins from their own pocket. For example, we provide an exchange for buying/selling bitcoins, but we are simply a brokering service. We do pay VAT, but it's only in the brokering fee. Please clarify: is bitcoin trade taxed (as if coins were a commodity), or just the broker's fee? If I buy 100 coins, do I pay 24% on top of the exchange rate as VAT, or only pay the tax on the broker's fee? |
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BitCoin is a digital currency offering relative anonymity.
This is good. |
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Naturally there's still potentially more problems in 0.7 lurking.
and in 0.8 .... what's good for the goose .... 0.7 has been running for much longer in production than 0.8. This. Most people here are focusing on the manifestation of the problem, and ignoring the continuing pattern of human behavior that increased the risk of this problem emerging. As long as bitcoin protocol is treated as a black box full of poorly documented code and unexpected behavior that is filled with more of the same with every version, the risk will remain significant. |
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220W panel + 300W turbine into 24VDC dual car battery bank and back out via a 200W UPS for consumption by a 90W laptop and several FPGAs (soon to be ASICs). Break even on the panel & turbine in 3 months. UPS from ebay for $2 (2nd hand). FPGA / ASICs <6 mths to break even. All up, after <9 mths it owes you nothing and just gives cash you headaches FTFY |
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I contacted them. Fingers crossed.
If it would have been me I'd been like hell ya I just got free money.
Has it been corrected yet? |
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From MtGox "funding" options (when logged in) - (2013/2/25) Urgent announcement on all SEPA and POLISH Deposits:
To avoid any delays or rejections when sending funds to our Polish account, please make sure to add Mt.Gox Poland address (see below) on each deposits/transfer.
Perhaps this was the problem? |
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OP, here is an idea you could take a careful step further. It is absolutely lined up with your way of thinking. SOUTHFIELD, Mich. (myFOXDetroit.com) -
It was a gruesome scene at St. Martin's and Sunderland on Detroit's west side - a man on fire was caught dangling from a utility pole.
Neighbors spotted the man climbing up the pole around midnight. They shouted to him, asking him what he was doing. They say he didn't answer and shortly after that is when he caught on fire.
The 52-year-old man was allegedly trying to steal electricity for a squatter staying at a nearby home. He was killed in the process and we're told part of the utility pole did have to be removed to retrieve the body.
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(Snip)
2. The lack of significant alternative implementations, lack of technical specifications, the developers' show of disdain for formal standards, and the apathy of the Bitcoin Foundation towards better process
is a significant threat to the growth of Bitcoin.
(Snip)
It appears that some of developers' disdain for formalization of the protocol is rooted in self-interest to keep the heart of Bitcoin accessible to them exclusively. This may be related to several things - from elitist, self-centered power trips (some of them are cocky to say the least) to emotional attachment to their "child" and consequential need to protect the child from the chaos of inevitable promiscuity of the adulthood. Either way, it's pathological. Even if they are right in that Bitcoin is too young to be let in the wild for anyone to play with, they ought to work on helping it develop and grow healthy, rather than possesively protect it by letting it degenerate into an ever-worsening hairball of poorly documented details and unexpected consequences. Seriously, if in the next three months I don't see serious and productive effort to formalize and specify the current protocol and future use cases, I'm out of here. It will only be a matter of time before chaotic, "organic" patching of old and new features leads to a total disaster. |
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It is also a huge issue that those suggesting we need the protocol spec are brushed off with the "you don't get it" nonsense by elitist devs.
Bits and pieces, some expired, are scattered around Wiki. Is that the best we can do?
@MP: would you be willing to lead the effort of formulating the current protocol spec?
You really, really don't get it. We can't have a protocol spec becasue the existing client has a whole bunch of unspecified and unintended behaviour that no-one knows about, and any divergence from that behaviour by any major implementation will result in fiascos like this one. This problem could just as easily have been caused by a independent third-party implementation of the client. The developers have been finding and documenting all the corner cases as thoroughly as possible, but some of them are - like this one - really subtle and hard to spot. I'm not sure anyone's managed to fully work out the circumstances under which 0.7 will fail to accept a block due to this bug. You're right, I really don't get it. "Any divergence from that behavior... will result in fiascos like this one." Breaking news: this little fiasco was the result of a bug in the reference client, not any "divergence" of alternative implementations. You want to base a technology handling billions of dollars on a black box that, according to your words, "has a whole bunch of unspecified and unintended behavior that no-one knows about"  FYI, someone will get to know some of these things, and some of that will become zero-day exploits. If your kind of sentiment and irrational justifications continues to prevail among developers, I am going all out of Bitcoin. I still don't understand how any sane person can try to defend voodoo black box approach to defining the protocol. |
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