...and for the Dwolla side?
I recall there needed to be: ID SSN 30 days account Social network
Is all of this still required on the Dwolla side with MtGox?
That "social network" requirement is ridiculous. WTF am I supposed to do, join FaceBook so I can use Dwolla? Let's start a social website called "God's Army to Resist Dwolla". Then when filling out the form you can say "social network..." Oh, ok I have a GARD account.
|
|
|
interesting. the tax situation is complicated, because you need to know your cost basis in order to know what is capital gains income... and bitinstant wouldn't have that information. I'd imagine we'll be doing our taxes ourselves.
That's a good point. If I fund an Gox account via bitinstant that alone is not taxable. If I then buy coins and they appreciate I would owe capitol gains on the rise in value. But how would bitinstant know what I paid or even if I executed a buy?
|
|
|
I believe this would violate the Americans with disabilities act and therefore would be illegal.
|
|
|
i herd rumors the govt is going to shut down and seize all bitcoin servers from the owners next month!
I also heard the pyramids were built by aliens. The world is full of B.S. You should ask the fool who told you that "what servers, there are no bitcoin servers?" And how are they going to get the bitcoins back when no one even knows who owns them? Are they coming to peoples houses to look for USB sticks? Also, will we be invading other countries to get them? Sorry bro, but I gota roll my eyes at this one. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
|
|
|
Yeah, except that Bitcoin cannot be shut down because it is decentralized - big difference from eGold.
+1 That makes bitcoin nothing like eGold.
|
|
|
If it seems to good to be true, then it probably is. But I think it would be harder to get away with than some are saying. I suppose that some people have thousands in this scheme/investment opportunity. Knowing that bitcoiners are more tech savy than most and more self starting, it might be bad for his health to run. After all, isn't BTC the perfect choice for hiring a hit man?
But he hasn't run yet, or done anything wrong yet.
|
|
|
I'm guessing a SSN/Tax ID is going to be required for AML/PATRIOT ACT bullshit.
Absolutely. The gubment isn't gonna let anyone do electronic transactions in USD without the mark on their forehead. Then I guess my new name for the card is "Mark Forehead."
|
|
|
Not to derail us, but I just wanted to thank the OP for such a well done post. Cheers peer!
|
|
|
As evidence that bitcoin is growing, I heard about this first from a non-bitcoiner. And I want one of those first 1000 cards. Please-please-please!
|
|
|
Here we go again. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) The expert with a 20 post count is schooling us on economics.
|
|
|
What you are seeing is the brutality of a real free market. Get used to market manipulation if you are going to be in the bitcoin economy. Unless you prefer government regulation?
|
|
|
everywhere I look I see scam sites, untrustworthy people, hackers and pyramid schemes running riot,
isn't this whole bitcoin thing just a trap? I don't really see why you'd want to be part of it...
Everywhere you see money you will see those things. If you look harder you will also see honest people doing good work.
|
|
|
the Internet seems to bring out the jerk in people. ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
|
|
|
I see my local B&N is one of the stores that will carry the magazine. We should try to buy all the stores out!
What for? To artificially inflate demand to force/encourage Matt/Vladimir to increase production resulting in increased cost and a total bust when the community suddenly decides to stop following this amazing plan of "buying all the stores out"? True, but if few sell they may yank them from the shelves before finding an audience. I'm most excited about the customers who find it on the rack and say: "WTF is bitcoin?, hmm, let's see.... Woah sweet!"
|
|
|
I see my local B&N is one of the stores that will carry the magazine. We should try to buy all the stores out!
|
|
|
I for one love panic. I have found that the most profitable circumstances arise during a panic. New peers especially are vulnerable. They buy at $13 then they see that the price has dropped to $8 and dump their coins. Of course later that day the price has gone up to $9 and there is a lot of crying. The best time to buy is when people are panic selling. The best time to sell is during frenzied buying, like last weeks rapid climb to $14. Those people are acting irrationally. Timing it is the trick. How high and low will she go? That is guesswork.
|
|
|
I trust Mt.Gox. Then again I trust my Mom, but I would never put her in charge of all my bitwealth. As good as they are, Gox could get hacked and drained. I like to keep only my day-trading coins there and the rest are maintained as securely as a suitcase of cash.
|
|
|
I think they mean "CAN be linked to IP addresses". By can I mean unless they covered their tracks. Or perhaps the FBI is still trying to figure it all out, and not doing well.
|
|
|
I heard Gavin is coming out of the closet in September!
Sorry Gavin, could not resist.
|
|
|
... This is America, after all, the Land Of The Free (TM)
![Grin](https://bitcointalk.org/Smileys/default/grin.gif) spit-take
|
|
|
|