I have rep in my signature below and can also provide specific users on here that I've done a PayPal trade with before.
The Web of Trust (WoT) on the #bitcoin-otc marketplace is a great tool for establishing and publishing your trust history. - http://www.bitcoin-otc.com/trust.php
|
|
|
Here's a good question for the accountants. If I were to have had 350 bitcoins in my wallet in June when the price was over $30 (and am in the U.S,) would I be required to file an FBAR? United States persons are required to file an FBAR if: The aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year to be reported. - http://www.irs.gov/businesses/small/article/0,,id=148849,00.html
|
|
|
Cheaper methods are possible. For instance, using scratch-off vendors as suggested by Casascius. I think the PIN mailer technology from Page-International would provide the ability for a company or community to issue their own paper, so no trust for an external party is necessary. Cheap enough so that if the paper gets worn or the PIN mailer tab shows tampering the issued document can be redeemed without worrying about the replacement cost. - http://page-international.com/index.php?option=com_content&view=article&id=22&Itemid=41&lang=en
|
|
|
I'm confused. I thought CheaperInBitcoins sold merchandise, similar to like an Amazon.com. I then though IBB was a bitcoin lender. Where does buying bitcoins come into the equation?
|
|
|
I think they will become a major competitor to paypal over the next year if they keep this up.
This move by Dwolla competes directly against Bitcoin, particularly in the micropayments space ... down to $0.01 USD through Dwolla? Now free (apparently). And they have a Mobile App for iPhone ... https://www.dwolla.com/dwolla-for-iphone.aspxAnd Investment backing. This is seen as important enough that the post on Hacker News for it rose to #1 right away and remains in that position: - https://news.ycombinator.com/item?id=3300066As far as the benefit of this to bitcoin ... this gives even more options for those wishing to spend their bitcoins, as converting to Dwolla from the exchanges is trivial. Similarly, converting Dwolla funds into bitcoins takes very little time and can be automated as well. For instance, I wouldn't be surprised to see Bitcoin used by those merchants who aren't from the U.S. as the method for moving funds out of Dwolla to their local currency. Through a U.S.-based intermediary, of course, as Dwolla is only available to persons or businesses in the U.S., for now. This will be good for the #bitcoin-otc marketplace as well -- as it is the most widely used place where people can convert their Dwolla USDs over to PayPal USDs, for example, and vice-versa. http://bitcoin-otc.com http://webchat.freenode.net/?channels=#bitcoin-otc-foyer[edited]
|
|
|
The test that matters is over the weekend -- when no wires or other bank-related funding occurs. Bitcoin has a pattern known as the "weekend dip", though with the rally being fresh it is too soon yet before I would consider putting much on the line for a weekend dip trade (i.e., sell on Wednesday evening/Thursday morning and then buy back if the price starts moving up later in the weekend.)
|
|
|
The options available to you will vary based on your legal jurisdiction (i.e., where you are located).
|
|
|
This is a bit ambiguous. I interpreted it at first as though you were looking for a MTGUSD Voucher and paying with PayPal USD but then if that were the case, you probably wouldn't care as much about the rating.
|
|
|
Creating the data for that transaction is protected as a right but using it as money doesn't mean that it is immune from other laws.
What does it mean to use it as money? What if instead of using it as money you just say it, post it to a website, email it, or broadcast it to a peer? Are any of those things protected speech? Those all likely would be forms of protected speech, and there is nothing I know of saying there is any legal issue with you doing so. However, if that protected speech was for the purpose of transacting bitcoins on my behalf that action might make it so that you would be required to register as a money service business and file reports with the government, for instance.
|
|
|
I did the math on the transactions and it doesn't add up. Are you saying when you add up the transactions that the client shows, they do not result in the balance that the bitcoin client shows? Or are you saying the client isn't showing transactions that you know were made?
|
|
|
or slip some polonium in my sushi Just because you're paranoid doesn't mean they aren't after you. - Joseph Heller
|
|
|
gibbering on about. Unlike the types of physical and electronic forms of money that we've seen historically, Bitcoin is significicantly different. When I pay cash I am physically transferring currency and/or coin from me to you. When I pay with a credit card, I am contracting with a third party to send funds (less a fee) to the recipient. But when making a bitcoin payment from my own wallet, the first step is that I have my Bitcoin client software create some data. In the U.S., this is protected speech under the First Ammendment. However to work as money, I must broadcast that data to nodes that I am peered with which will cause the data to get included in the block chain. Creating the data for that transaction is protected as a right but using it as money doesn't mean that it is immune from other laws. There are scenarios where let's say I had created a painting (which is another expression of free speech) and sold it but engaged in money laundering to disguise the source of the funds, I would likely be violating AML laws.
|
|
|
I recently found out that the current US (Federal) Anti Money Laundering laws now cover "Stored Value Cards", such as gift cards, moneypaks, and prepaid visas/mastercards. It no longer only covers Money Orders.
How do you think this policy will affect people looking to buy bitcoins, the bitcoin economy as a whole, and money laundering in general. (Bonus points if you incorporate Silk Road) Some related thoughts here: - http://www.bitcoinmoney.com/post/11074108719
|
|
|
I'm wondering how long before someone will create a paper-based physical bitcoin using security paper with protections, such as the Invisible code System from Page: - http://www.page-international.comThis can be created to work just like the Casascius physical bitcoin but the "issuer" can print and load them bitcoins themselves. The cost of the paper would likely be less than the alternatives presented thus far. Now that http://BitAddress.org has been released as open source, this should be something that would be relatively trivial to execute on.
|
|
|
|