Right, so having my utility bill and license and picture of me with my e-mail/login/date could potentially help someone not me "prove" or provide the "proof" that the credit card company needs.

Regardless, it may show up as a "ding" on my "credit report/score" and I don't know what the implications of that would be. 

Thank you for your thoughts & comments.

So Nefario can open an online bank account in my name.  This would show up on my credit report; so I can call the credit agency and have them lock down my credit line, so that only unlocking it would allow a new line of credit to be opened.  This costs $5 or something to turn on and off I think (based on what a co-worker told me).

However, say I don't do this, then what?  I guess he could open the account and try to over draft it and then peace out?  Then this would make me look bad and hit my credit as a default?  Hopefully, no institution would let more than $1,000 ish go like this.  I'll be making enough with bitcoins that I won't have to worry about silly fiat credit lines anyway... at least that's the plan for now.

Anything I'm missing?

As for the stock portfolio account in a country I don't know existed; not sure what other issues could happen with that.  Seems like people keep offshore accounts and don't go to jail all the time.  However, if someone were to link me with the account in the next 2 years (that's when my license will expire), there should be a trail of where the money came from.  Good thing I'm not involved with online anonymous digital currency/commodities that could have gotten the money there untraceable...

heh, oh well.  I'm not too worried of the risk just yet.  Perhaps, I'll lock my credit report since I don't need credit.  I've already got my house mortgage refinanced & won't be needing any additional debt anytime soon.

Only if you are talking about tulip bulb mainia bubble try "value".

If you own a portion of something whose actual assets/value (including so called "goodwill") goes up vastly in value, then you made that ROI.

Sounds like you just want tulips to play pump and dump with.

-MarkM-

They both used Bootstrap, like almost every other website which takes Bitcoin?

I'm in the same boat, it makes more sense if the issuers handled everything here on out instead of crossing fingers and hoping the next one doesn't end in some shady way.

I was talking to someone who know about the laws around here (not US) and guess what: Setting up a bazaar (market) to trade some virtual  tokens (BTC is not a currency) is completely OK until legal currency is kept out of the equation.
You say BTC has value in fiat? So do all the stupid game cards that kids collect and trade in some countries. They do not call their collections Co's and themselves CEO and are not selling you a "share of ownership or debt (big bad words) in a INC, LLE, LTD etc". 
American based SEC has NOTHING to do with BTC. BTC is not a security. Only reason they can get upset is if  you keep calling your imaginary "what ever" a real company an keep telling to people,  how you are running a business blaa blaa blaa, dividends, IPO etc.  Then it can be considered as a scam and they (SEC, IRS, FSA, police etc) will get curious.
If you sell tokens for a imaginary team that operates under guidelines X and rewards it's members in those same game tokens (btc) no one cares wtf you do. Start using big words and you are in deep shit. As simple as that.

So. Nefario. Use some SQL magic, rename those moronic contracts to what they really are and open up your token bazaar.
You are running a online shop for trading game tokens to "teams" of imaginary teams of miners and cosmonauts.
 

Link please?
It seems to violate Paypal TOS, but that doesnt make it illegal, nor does it expose customers to extra risk, quite the contrary.

It's not very much. We already sold another batch of Bitcoins to fiat after our first release of financial report to increase our fiat reserve to deal with emergent situations.

But if at last, the money is indeed lost with the GLBSE default, it will be like this:

--When we have to borrow some money to fill the gap
1. We use the company identity to borrow money because it will be more feasible than personal loans.
2. However, the reliability of returning the money lies only on me the individual.
3. I pay them back using my earnings from my shares of Bitfountain and other sources.

--When we don't have to borrow any money
1. I mark myself of owing the company the same amount of Bitcoins
2. The board members decide an interest rate for my debt, then make the corresponding motion, if not passed, iterate.
3. I pay them back using my earnings from my shares of Bitfountain and other sources.

It's my management fault to keep the rest of the funds within GLBSE and trust it like trusting our company's bank account. The shareholders of ASICMINER should not take the consequences.

How about getting some legal advice first? The problem isnt one of technology, the problem is that people seem to think  because its related to bitcoin, laws somehow dont apply. Thats horseshit.  If you want a credible and lasting alternative to GLBSE, you will need to operate within the confines of the law, like MtGox does, like Tangible Cryptography does, like Butterfly Labs does.

Operating legally may or may not be feasible for a security exchange, but its the first thing you should focus on. If you want to do a truly anonymous underground and illegal site like Silk Road, its doomed from the start. If you thought GLBSE was a scammer heaven, imagine a silk road like alternative.

now I wish I had a screenshot of my assets

I'd like someone on the board to comment whether they're up-to-date with how this is being handled from Bitfountain's side. I haven't heard anything for several days, and boy would it make me feel better if I knew what's going on.

Did Bitfountain hold any BTC on GLBSE? Does GLBSE going under affect the speed of the manufacturing process in any way? How are the dividens going to get paid without GLBSE? What will happen to us shareholders if GLBSE fails to provide information on who's holding stock? Is there a plan B?

ooo,How about a chest with "dry ice" 

Condensation may still be a factor 

That's really great and all, but I mentioned data center ambient temps, not extreme OCing competition temps. Data centers have to run 24/7. There is no way we're going to be mining at -95C.

Actually if you dig a hole in the ground and go down a couple of feet it's like 50 degrees year-round (at least at my latitude).
Just stick the whole thing in a metal box and bury it with the cables coming out of the ground.  That's free!

You gotta remember, colder is not better. IIRC, the optimal ambient temp/humidity even in a data center is 68F/45%. Run those AC's at 68F, and you're good.

I am not sure if you understand what has happened. I encourage you to read the entire thread. A purchase of BMF @ IPO and sale today would net a ROI of around -40%.

No, I'm not. The value of most mining securities, the intrinsic value, is the value of their hardware. It is impossible to deny that a $599 single which cost 120 bitcoins + shipping a few months ago has "dropped in value" to less than 50 bitcoins today. It is patently absurd to assume that BMF dropping from 1 bitcoin to 0.50 or even 0.42 was bad management. In fact a drop to 0.41 would be explained completely by a rise in BTC from $5 to $12.

Now, let's see what else you're on about...


No. It is YOU who are misinformed. In fact this is so simple I seriously suspect you are trying to mislead people. Go back say 4 months, or whatever, when BTC was $5. At this point you have a CHOICE. You can CHOOSE to buy and hold a BTC, or you can CHOOSE to buy and hold a share of BMF. Your COST is precisely $5. There are no iffs, ands, or buts. You spend $5 and your choice is: BTC or BMF.

Fast forward to today. If you sell out your BTC for $, you now have $12 USD, a gain of 140%. Stupendous! Multiply by 3 (4 months x 3 = 1 year) and you see an approximate annual ROI of 420% NICE!

Now, what about the investor in BMF? He sells out his 1 share of BMF for .50, and his .10 in dividends. That .6 BTC is worth $7.2 USD. For a gain of 44%. (it's a little more now since BMF has paid out more in divs).

The BMF holder made 44%. It seems to me, that this has nothing to do with the guy who held BTC.

Now let's take it a step further... here we are today.

Whether you have $7.2 or $12 you have to make a choice. You can keep it in fiat, you can keep it in BTC, or you can buy BMF.

Do you really think BTC will appreciate another 400% from here? I don't. I think is is far more likely that BMF will continue to outperform the USD/BTC exchange rate. We didn't just invest in hardware and return your money. We traded like mad, we paid dividends, and we returned 44% to shareholders in outright capital appreciation and dividends.

So let's see. Choice A: Bank on bitcoins going up 4x from today's value in 3 months or bank on BMF to keep doing what it's doing, trading, and doing it's best for shareholders?

I own 550 shares of BMF personally, in my personal account, plus 250 I get to hold on to (and not sell) for management fee accounting. I know where my money is, it's safe, and in the right place. I feel sorry for someone who is still holding BTC expecting it to double twice in the next 3 months.

Ah ok... i read at wikipedia what lithography mask means and it seems its similar to etching a platine. I can imagine that the work on it takes a while. But i can imagine that some more man at it could speed the work up. The etching itself probably is faster or is it a very slow process because of the miniatue so to not break anything in process?

And the month until getting the queue in fab... i only can imagine that money can speed it up. What from it will take a month. That so many products are before it or the creation itself? If the creation itself isnt the biggest factor then for example they get some thousand $ and the whole fab is working on a sunday creating the product. Ready, shipped and mining away. The thousand $ are back fast way before bfl or any competitor has the chance. And as far as i remember there still is money available that isnt spent and probably isnt needed to spend.

I only mean... when time is of essence like in this case... every possible advantage should be checked. At least asking doesnt cost friedcat anything. And maybe he gets surprised...

When you bought at 0.88btc that probably was right at ipo. Its a real good trade because its the exact amount that would include the 12.5% on top that was offered. Thats probably why this price happened. I doubt this will happen again.
Youre right... when someone bought at 0.88 or bought at ipo with getting 12.5% then 0.1btc would be a profit. Maybe this person doesnt think that the share has potential to give him even higher returns and planned to buy including the 12.5% and sell it over time. So he doesnt have to take the risk that the chips dont work while he had made a sure profit in the meanwhile. Or he thinks its better to have invested less money.

Ok... i think it sounds like a good explaination that someone bought many shares at ipo including the 12.5% and planned to sell it before the chips come out to make a safe profit without risks. So he is holding a big number of shares and is selling it over time.
Only downside to this is... it doesnt make so much sense. He could set an offer for 20.000 shares at 1.1 and im sure he would have made more money with this while even saving the glbse-fees in the meanwhile. Dunno...