There is no "1,000 per day" threshhold to be considered a money transmitter: No activity threshold applies to the definition of money transmitter. Thus, a person who engages as a business in the transfer of funds is an MSB as a money transmitter, regardless of the amount of money transmission activity.
from http://www.fincen.gov/financial_institutions/msb/definitions/msb.htmlThe phrase "as a business" is curious though. Does that mean as a casual miner that I do not engage "as a business?" This still seems a little vague to me. I can't believe that FinCEN gives two sh!ts about casual miners making .03 BTC per day on their 7970. Honest question, does a 2 person exchange between USD and BTC count as a money transmission? I thought transmitters were the middlemen in the business of moving money from A to B. |
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Not generate $1000 per day, sell / exchange 1000 per day, so if you generated a bunch then sold them all at once ...
You are correct. If I sold that many at once it would most likely be at an exchange which is already compliant with fincen regulations (Damnit GOX), instead of a F2F cash transaction. They'd send off reports of the sale to the appropriate revenue service and I would report capital gains and pay my taxes. |
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From what I have read, you need to sell / exchange $1000 worth of BTC per day. Under that and you are exempt from the licensing requirements. I doubt that many miners here fall into that category.
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Next person to talk to dwolla, ask them for a case number. It should be listed on the top of the seizure warrant. If for some reason they can't/won't provide that, try to get the name of the certifying judge that signed it.
I'd call them myself but I'm not a dwolla customer.
I can find nothing showing in pacer on the docket for this.
Well, what sort of DHS action would not show a public record in PACER? Hmmm? Is a seizure warrant difficult to forge? |
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Hmmmmm. OkCupid, well that's bad. Looks like they served every US business that accepts BTC (through MtGox - which is most of them - Coinbase in the case of OKC) OKC posted the email from dwolla. |
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Did you add the "seizing" wording to your email or is everyone else getting a different email?
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r4GTdNRXKgyWb2EofZ2PehDXwZRLhqADAa
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Thanks for bringing back the active topics, I sent a tip!
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Thank you, bitcoinx removed from favorites, replaced by blockchained.
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So orders placed in BTC can be refunded in BTC?
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What kind of 6850's do you have? I'd be interested in getting a gigabyte windforce if you have it.
One is a sapphire, the other is an AMD engineering sample but hashes at the same rate. |
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Sounds Peachy to me!
Thank you very much. Will be sending payment shortly =D
Thanks for payment, items will ship today. Typo in original post: PSU is Antec EA 650, not EA 65 Proof of shipping: http://imgur.com/a/gLnHf |
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I've got dibbs on the CPU's and DDR3 RAM but has been tied up with gmann still mining. If someone buys the cards and or PSU's/Mobo's I can get my gear.  Most cards have just been sold, I'll pm you about getting your gear  |
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Terms:
12 BTC to cover short funds in sale of GPUs and PSU.
0 percent interest
Paid back at 4 BTC per week upon receipt and inspection of following items in my sale thread
5830x4
5870x3
5970x1
1x-1x risers x3
Antec EA-65 PSU
Shipped to AUS via flat rate int'l box, within 2 work days of payment.
Fred26 will post here if terms are agreeable.
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Pm'd you =D
In short, have around 190 btc, what can I get?
PMd response with purchase, shipping and loan plan. |
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2x Sempron 145 w/Heatsinks and fans
2x 1 GB DDR3 RAM
________________
⊅13.00BTC shipped
I'll accept if you can wait till I have 4 or less mining GPUs for sale, since the farms are still running. If you want, I can decommission a rig next week (if pending sales go through) and send one sempron and one stick of ram for half the total. |
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I PM'd you on a 5770.
btc received and tracking # provided within 2 hours. thank you |
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I'm having a similar problem, 16 workers for about 4.2 GH/s. Mostly 5xxx series cards. Guiminer on openCL for 12 workers, and phx on linuxcoin for 4. All on the same IP though. I was just blocked for the first time today, so maybe it was a temporary glitch? user gmannn One of my IPs constantly locked out, something wrong with your strange ip blocking policy.
I have only 2 PC with 3 cards (total) mining (cgminer 2.4.1) from same ip (router with NAT).
I think it's not acceptable.
If you want to look to this issue there are my login: classic729
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I'll give you 65btc for rig 1 with 5800s only.
65 btc for 2 5800s you're insane. my bad, i thought you meant 5870s. 5830s will probably be 18 or 19 btc |
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