Just got this back from my FOIA request Dear Requester:
The United States Marshals Service is in receipt of your Freedom of Information/Privacy Act request for records maintained by this Bureau. We have commenced a search for documents responsive to your request and will contact you when our processing is complete.
Although we are unable to determine at this time the amount of fees to be charged to you, if any, the filing of your request constitutes your agreement to pay all applicable fees that may be charged under 28 C.F.R. § 16.11 or § 16.49, up to $25.00. You will be notified as soon as practicable if the estimated or actual fee for satisfying your request exceeds $25.00.
If you should have any questions, please contact us at (xxx) xxx-xxxx.
Sincerely,
William E. Bordley
Associate General Counsel/FOIPA Officer
Office of General Counsel
What exactly were you requesting from your FOIA request? It is already known that the Tim guy was the person who won the auction |
|
|
|
Vancouver ATM has been the outlier in volume. Massive success combo being first, media hype, huge chinese community, etc.
Robocoins in USA (austin, mountain view, seattle) have done a fraction of the volume seen in Vancouver.
I love the idea of more bitcoin ATMs. I think lower costs and a friendly legal environment are needed to make them a flourishing business opportunity.
I think part of this would be the additional AML regulations that are in the US that are not in Canada. |
|
|
|
The idea is to make wallets that are more idiot proof/idiot resistant
This will not happen if Apple don't allow wallet application on their store. They have allowed somewhat bitcoin related apps in their store. Regardless this is not about just apple/iphone wallets, it is about all wallets needing to be idiot resistant Can't we just wait for them to learn, natural selection-style? That is what is happening now, but IMO it is also preventing people from wanting to risk large amounts of their hard earned money with bitcoin when it could simply be stolen |
|
|
|
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. Since bitcoin is fungible any coins are just as good as any other coins. The only exception would be freshly "minted" (mined) coins that have not matured yet. |
|
|
|
I wouldn't be surprised to see some kind of "audited" and "regulated" custody service, however I think that it would be very unlikely that it would be insured. The fact that whoever knows the private keys of an address can control the unspent inputs of that address makes it too difficult to measure the amount of risk of potential loss. |
|
|
|
Maybe this is just the case of people being too trusting of what they are told on the internet. Even though the research project was not anywhere on the CMU website, I would find it unlikely that participants would do that much research when the potential reward is only $0.24 |
|
|
|
It's basically the only part they make money on. I think they -might- get $5 per plane ticket, some none. Same with car rentals. Hotels they have deals with the sites to get a nice spread on -some- of the hotels, some no spread whatsoever. Thin margin business for sure.
But still they could increase their margin with Bitcoins. For example, Bitpay charges only 1% where Visa / Master charges 2.8%. So even for flight bookings they could make significant profits if they use Bitcoin. They would also no longer have to deal with fraud related issues with are almost certainly above 3% The fraud related issues would be costs in addition to the ~3% that credit card companies charge |
|
|
|
The authorities in Brussels also tried to calm savers' worries, having seen the queues that built up outside branches of two major Bulgarian banks in recent days.
It insisted that Bulgaria's banking system was:
"well capitalised and has high levels of liquidity compared to its peers in other member states. For precautionary reasons, Bulgaria has taken this measure to further increase the liquidity and safeguard its financial system".
That statement is an outright lie. Authorities lie, because they can't do much else to stop the bank run. If only a fraction of the population demands their savings handed over, banks will collapse. This should be taken very serious. Of course the World Cup comes in handy to distract the general public in Europe... It's not really an outright lie. "high levels of liquidity compared to its peers" and "increase the liquidity" does not necessarily mean, that all available cash covers all demand deposits. You can have a look at the publicly available data of the Bulgarian central bank to see that all available cash does NOT cover all demand deposits. Well in this case I don't want to know how bad the situation of those peers is... this could spread to other countries fast. Gold and Bitcoin both jumping today. Coincidence? bulggaria is not as high profile or a big (economy) of a country as greece is/was It is small until someone find out it owed Germany or UK a lot of money. Do they owe europe a lot of money? The amount should be measured in terms of percentage of the German/UK economy, not the bulgaria economy. |
|
|
|
That's what the term means. It's an unavoidable monopoly. You can always go to a socialist country instead if you can get a passport in time before you die.
Monopoly is not unavoidable. If this is the case, counties and dynasty will last forever rather than fade into history and being replaced by a better managed country/dynasty. Very true. Many monopolies only last a few normal human lifetimes. I'm glad your immortality is working out for you. Technology advancement speed up the process of downfall. Technology progress creates monopolies. Look at mining pools. The superior efficiencies give the most payout, that's how monopolies are born. Oil companies may change names, but the same families are running the companies for many decades. Companies like TI and IBM own so many patents, they monopolize technology development. Revolution speeds up the process of downfall, but we're a long way from that. Monopoly is fine if the company is providing an efficient and superior service. Well the main problem lies with the fact that when there is an actual monopoly the incentive to continue to provide an efficient and superior service fades away. You can't exactly have superior service if there's no longer anything else to compare it to. And since there is no longer an alternative efficiency becomes irrelevant for the monopoly. When there's no longer an efficient monopoly, more efficient players should enter the market. The problem comes when the monopoly takes steps to block or create barriers to entry that make entering the market difficult. Then it wouldn't be a free market would it. And who is able to make barriers of entry other than regulating governments. if people would understand one thing is that inequality comes from the thing that pretends to alter it, government and regulation. I don't think governments are the only one who could make barriers to entry. Sometimes something as simple as controlling the supply of a commodity is enough to create an insurmountable barrier to entry. A market with no regulation is more likely to cease to be a free market in the long run than one that is regulated properly with the intention of keeping it free. I would disagree. There are many markets that have little regulation that have very low barriers to entry. One example would be a lemonade stand, one would need to invest in very little in order to set one up. There are plenty of places where one could be set up. Lemons can be easily grown in the owner's yard for their lemonade paper cups and pitchers have a large enough market for other then lemonade stands that it would be difficult to control this market. This is a very basic example. The point is that the lower overall investment needed in order to start a business in an industry the harder it will be to have a monopoly over the market. |
|
|
|
Bitcoin is only pseudoanonymous (though if you hide your IP and use new addresses every time it is pretty much anonymous).
That being said, I can't wait to see what extra anonymity features that Zerocash will be bringing to the table when it is released!
You can use blockchain's shared coin to get the same effect as zerocash but with shorter TX confirmation times as zerocash has all TXs in a shared coin format and when one party "backs out" of a TX then the TX will fail and all the parties will need to try again by all signing a new TX If your trying to launder coins i would suggest for you not to use sharedcoin as it has been proven not to be so anonymous Link: http://www.coindesk.com/blockchains-sharedcoin-users-can-identified-says-security-expert/Shared coin when used in conjunction with other mixers can mask your identity. XMR coin is currently partnering with I2P developers to see if they can bring anon coin into the market. Darkcoin already have two failed implementation. The current framework the coin operates on may not even be possible to implement a truly anonymous coin. I don't think that these types of extreme privacy features have that much of a demand from crypto users. Black market transaction still make up a large portion of bitcoin daily transaction. That may or may not be true, however it is already very difficult to tell when someone is actually spending money or when they are transferring bitcoin to themselves. It is also relativity difficult to determine which address is the change address and which address belongs to the person you are sending to. |
|
|
|
future of bitcoin is paying for everything with bitcoins, everyday grocery etc
I don't see many people paying with it through a drive through. 10 min wait could stall fast food lol I wish people would stop bringing this up as if it's a problem. You don't have to wait ten minutes. Have you ever actually sent bitcoin? Why do u think that u dont need to wait 10 min ? Unless u wait, there remains a chance of double spending ...is no it ? There is always the chance of a double spend attack, even after 6 confirmations (via a 51% attack). Once a TX has been propagated throughout the network nodes will consider the inputs as spend and will reject any TXs that contain the same inputs even when the TX is 0/unconfirmed. The only way to double spend would be to include a block in the blockchain that spends at least one of the same inputs. With small purchases like fast food this would generally not be economical. |
|
|
|
This isn't exactly the most ringing endorsement, because by portraying bitcoin as the other side of the "barbell" against blue chip stocks, he's suggesting it's the hyperaggressive high risk portion of the barbell strategy. Probably pretty accurate advice, but the implication is probably not what people invested in bitcoin necessarily want to hear.
talking about bitcoin as a high risk is actually good and sound investment advice Agreed, because most 'muritards don't have the maturity / patience necessary to reap the reward of a middle to long-term investment. Ours is an instant-gratification get-rich-quick culture. I think another issue is the lack of ability to determine the actual amount of risk various investments carry. I think part of this is just the inability to take the time to do the appropriate amount of research. |
|
|
|
We can rule out Coinbase (possibly) Someone could send to that address from Coinbase internally (i.e. from inside your Coinbase account). If it's associated with an account at Coinbase, it might show up as the name of the account holder...instead of the wallet address. It's worth a try. I doubt that one person would trust coinbase with ~20 million worth of bitcoin |
|
|
|
I think one way to slow the growth is reduce the block reward from 25 coins to just 1 coin per block, there is no way the BTC price will jump 25 fold to compensate as more then half the coins are already mined so there is no shortage of supply, and no reason for that much fiat to enter the market.
Great minds think alike (you and Satoshi)! In fact, the block reward will be reduced to just 0.78125000 BTC per block in about 2033. See entire schedule here: Original BTC per
Era start year block
--- ---------- -----------
0 2009 50.00000000
1 2013 25.00000000
2 2017 12.50000000
3 2021 6.25000000
4 2025 3.12500000
5 2029 1.56250000
6 2033 0.78125000
7 2037 0.39062500
8 2041 0.19531250
9 2045 0.09765625
10 2049 0.04882813
11 2053 0.02441406
12 2057 0.01220703
13 2061 0.00610352
14 2065 0.00305176
15 2069 0.00152588
16 2073 0.00076294
17 2077 0.00038147
18 2081 0.00019073
19 2085 0.00009537
20 2089 0.00004768
21 2093 0.00002384
22 2097 0.00001192
23 2101 0.00000596
24 2105 0.00000298
25 2109 0.00000149
26 2113 0.00000075
27 2117 0.00000037
28 2121 0.00000019
29 2125 0.00000009
30 2129 0.00000005
31 2133 0.00000002
32 2137 0.00000001
The theory is that there will be enough TX volume that TX fees make up for the lower block subsidies over time |
|
|
|
Well it is good to know that someone bought all those coins so they could help spread bitcoin to places that really need it. |
|
|
|
I like the martingale system in which you increase the bet a little bit more than 1x each time you loose. Additionally, I never double my bet after the first loss, I just keep it at the same amount, to get back the money from the original bet. Any thoughts on this?
This is not the Martingale system, it is just another gambling strategy that will ultimately result in your losing your entire bankroll |
|
|
|
The jackpot is just there as an incentive. If there was any chance that people would win it it would cost the owner too much to be profitable.
AFAIK, the number is generated with Sha512 and is provably fair. And the chance does exist, though it is very very small at 0.005%.  The number may be provably fair but the chances of winning the jackpot are still very slim and essentially zero |
|
|
|
Coinbase is a giant scam. Please do not do business with them. I just tried to buy .5 BTC and they au tomatically cancelled the buy and sent this stupid e-mail explaining that it was a "high risk" transaction and that they "decided" not to send me any BTC and that they would refund me in 3 or 4 business days. They basically just stole my money for 3 or 4 days. COMPLETE scam.
what makes it worse is that I reached out to customer support who assured me they had fixed my account and that I could go ahead and try the purchase again.... guess what? they cancelled it again! Now they have over $1,000 of my money for 3 or 4 days and I get nothing... This is criminal and they should be shut down for pulling crap like this.
They are taking on a extreme amount of risk as generally speaking you can reverse ACH and credit card transactions while you cannot reverse bitcoin transactions. Coinbase needs to carefully screen it's customers when they buy from them as they likely get scammed often It is hard to reverse ACH transfer. You could claim the ACH was unauthorized. You could put a stop payment on the transfer. There could be insufficient funds in the account that the ACH is withdrawing from. |
|
|
|
Hello everyone I was hoping that someone that is much smarter then me can answer what I've been pondering. I'm getting interested in Bitcoin ATM's its reported that there is one in Vancouver Canada that has processed up to $100000. Now I know it would help the Bitcoin market. Would it be a good idea to find investors purchase these machines and put them in major cities? Like say Mt View California, San Francisco, San Diego. This would help make it easier to buy and sell bitcoins at a moments notice.
There are HUGE regulation hurtles in the US...not really worth it unless you have a few hundred thousand lying around. As you need a license for each state and they are all different. about 1.5-2 million for all 48 states IMO regulations in the US are vastly slowing the pace of bitcoin adoption then we would otherwise have Not just slowing down bitcoin adaption. Innovation is leaving US and going elsewhere. As long as overall worldwide bitcoin adoption goes up I do not have a problem with this. This is however a concern on an US economic and national security level |
|
|
|
buying at a dip is allways a nice idea.
my advice is to definetly buy bitcoin, but dont spend all 50k at once, start with 10k and get use to trading.
if bitcoin price dips to 500$ next few days, i would definetly buy, and same thing goes to litecoin under 9$
cheers
Too many good news coming out now for bitcoin price to dip. The Silk Road auction by the U.S. Marshals, bitcoin officially made legal in California, MaseterCard applying for bitcoin patents etc. This is true for the long term, however it should be noted that over the short term there is a very good chance that bitcoin could fall. |
|
|
|
|
Show Posts
