500, half from CPU mining.
That's pretty cool. I got into mining right at the end of the CPU days ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Only made like 20 coins though ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) You mean you found twenty blocks of fifty coins?
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I have never cashed Bitcoins out for fiat, but now that I can't it makes me wary. I withdrew my Dwolla cash since I cannot deposit it at MtGox. I get credit card applications for nothing more than a credit check. Why is this becoming such a hassle? I hope this gets cleared up soon.
In an ideal world we would love to kill all these intermediaries (Banks and equivalent) that are in fact making things more complicated and more expensive... But until then we do not have much choice. Please note that even if you are rejected the first time around, there is nothing wrong with this - we will keep working with you until we are able to get you verified. I uploaded more, but received no acknowledgement. Do I need to open a ticket?
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Starting to get more variety with rugatu,feedzebirds and cheaperinbitcoins etc. The vast majority is still mining related though.
I love feedzebirds. Keep plugging away on that, it will catch on. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I will need programmers for some of my ideas. Later I'll need actual staff. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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I think that if you're going to include investors in financing any kind of money service in the Philippines, you need to make them aware that the Philippines is a FinCEN embargoed country in which foreign terrorist organisations operate. It's status is also due to be reviewed by FATF this month as it's been identified as not making sufficient progress in relation to AML/CTF. Sanctions could be applied following that review.
It's funny, because I am friends with (and at one time engaged to) a member of a royal Muslim family there, though she is Christian. The whole terrorist thing is more about filipinos being tired of getting rolled over by every major empire in the last 400 years. The Sultanate was the last pride of the Philippines until Manny Pacquiao and look how they cheated him in Las Vegas. Filipinos are considered the n****rs of the Asian nations and are literally enslaved by Arabs, Japanese, Americans, and even Chinese. Now maybe the internet and Bitcoin will help them achieve autonomy away from the influence of corrupt oligarchs. I'm actually trying to setup a website right now. Never done it before, and I feel a bit overwhelmed. I registered a domain and bought hosting with Dreamhost. I picked them because I've heard good things. To get an idea of how much of a newb I am at this sort of thing, as soon as I saw "One-Click Installs" in the Dreamhost Web Panel I went straight for it. I "one click" installed WordPress, and I picked that because I've heard of it before. But, seriously, I have no clue what I'm doing.
That's how we learn. I'm not that much better!
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I have never cashed Bitcoins out for fiat, but now that I can't it makes me wary. I withdrew my Dwolla cash since I cannot deposit it at MtGox. I get credit card applications for nothing more than a credit check. Why is this becoming such a hassle? I hope this gets cleared up soon.
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Here's the thing: I don't really see any real businesses on GLBSE besides miners and investment magicians. I hope GLBSE is friendly to web-based businesses. Any of which could disappear overnight. I'm not even sure of the legality of this type of funding. I am hoping to learn more about this before I go ahead.
It's probably not. GLBSE is like a black market for IPO, which relies solely on trust. I've thought about the trust issue. Mining companies have known hashrates and a solid business plan that is pretty transparent. Websites and real-world businesses are a different story. I plan to make most of the business models transparent. I was thinking of making the accounting books publicly accessible. I'm not sure that has ever been done before. The dividends paid to the stockholders will be just as public. Getting third-party businesses to publish their payments may be a challenge, but Bitcoin has solutions for problems we don't even know about. I hope to show that Bitcoin investment strategies like GLBSE can appeal to mainstream investors.
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OK, so I have these (roughly) six Bitcoin based business models and websites (well one of them doesn't have a good name yet) so I think I will put them all under one umbrella. I think GLBSE is the way to go for fundraising, although I need to understand a little better how it works. Most of the businesses will be strictly Bitcoin based and the revenue will be easily reportable for accounting and paying dividends. I will probably start with those to gain the confidence of my investors. I don't know how much it will cost to develop all of them so I will only offer a small part of the stock until it grows and bootstrap the businesses one at a time.
Here's the thing: I don't really see any real businesses on GLBSE besides miners and investment magicians. I hope GLBSE is friendly to web-based businesses. Any of which could disappear overnight. I'm not even sure of the legality of this type of funding. I am hoping to learn more about this before I go ahead.
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Like any online wallet, it is unwise to trust it with large sums. It's not that we don't trust you (not that we should), but too many online wallets have been "hacked" and too much Bitcoin lost. Even worse than losing Bitcoin would be dashing the hopes and dreams of eager entrepreneurs.
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I know a guy who knows a guy. Just don't ask where he is. Don't worry, he knows how to find you. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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If btc is to be used as an intermediary in remitance business, there will still be a need to get usd or euros into India and exchange them for rupees that are paid out to the receiver. This will reinstate the very same cost you were trying to avoid. If there were simply an exchange in India or Filipines or Vietnam, the imbalance would drive the local btc value down until arbitrage becomes an option - and arbitrage would involve exchange fees, spread, and wire transfer fees. Someone on this forum pointed out that the cost of moving government fiat across borders is much lower for banks and such, so they win again...
Remittances from USD or Euro to local currencies can be paid for by people that typically make a living through risk such as pawn shops and private lenders. The convenience of giving their customers a way for overseas loved ones to simply send a few bucks to cover an emergency through Bitcoin will make business owners have less risk with their money. It is cost prohibitive to send small sums via Western Union. There are bank remittance branches of foreign banks in the US that make transfers fairly cheap, but not very convenient when the local banks themselves are sparse, crowded, and not open when you need them. People need cash. In developing countries you don't just pull out a VISA card at a street merchant. Bitcoin can be that cash.
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So you would profile people by green addresses only?
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There are Bank of China branches in NYC and LA and many other countries. I don't know if they can be used for helping an exchange in China or not.
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Fucking Magnets, How Do They Work? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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I don't want to come off as a racist, but I don't think Bitcoin will be accepted anywhere before SE Asia, South America, and Africa. Basically, Bitcoin will thrive where people have been recently oppressed and don't give a shit anymore.
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Are you talking about an algorithm used to salt a key?
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Cyperpunks episode Part 2 is on RT. Part 1 from last week is in the archives of RT. I missed it last week, so I need to catch up.
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Even Bradley didn't believe he won. It just goes to show how blatant corruption has become. They do it openly with complete impunity. It was a ploy to take the heat off of Mayweather to fight Manny.
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I bought Bitcoin at Walmart. I had to pay $243.95 for $228.83937 worth of Bitcoin through Mt Gox. [edit] they also required ID and phone number.
They are not supposed to ask for your ID, you could have declined. I tried to decline, she would not process it without ID. I don't know if she put it into the system. Maybe she just didn't know any better.
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Twitter bootstrap is your friend if you want pretty-by-default websites.
cool cool cool. I'll check that out!
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I think that if you're going to include investors in financing any kind of money service in the Philippines, you need to make them aware that the Philippines is a FinCEN embargoed country in which foreign terrorist organisations operate. It's status is also due to be reviewed by FATF this month as it's been identified as not making sufficient progress in relation to AML/CTF. Sanctions could be applied following that review.
Yeah, that's why I would keep investors out of that part, but a Bitcoin exchange there would not involve any money transmission to my enterprise, so it is not a concern to Fincen. What private citizens in the Philippines do is also not my concern. I am only providing a service to conveniently serve their business.
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