And really, yes, I did speak with the FSA. If Mark has complied with all applicable laws, then everything will be fine. But I assure you, they will be investigating.
I have no financial interest in this game. I just thought I'd let you all know.
Anyhow, nice speaking with you all, but I have things that need my attention.
Lol, again admit no skin in the game. Busy bodied, pompus and no time to even discuss and learn. |
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Yeah, pretty much like the much more serious hack of Sony was avoided, right?
Sony is not a financial exchange. But yes, if you think you will convince me that regulation is unnecessary, you are wasting your time. It, even if imperfectly, does ensure a more or less level playing field, a single set of rules, and most importantly accountability when things go awry. Nothing against bitcoin, knock yourselves out. I honestly do believe it will survive, just with different markets. Sony deals in a number of virtual currencies, and operates a market and exchange for digital goods. You are one of the more dangerous types of people. Ignorant of the field, yet not even aware of such. Also, already admitted to being close minded, and yet a busy body. |
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I just wonder how long a tip like that will take to trickle thru the Japanese system before anything would be done. likely there is no precedent for something like this either. as much as people call bitcoin a currency it is really not and is not subject to the same financial standards and laws. for instance could i get that same agency involved if someone stole all my wow gold it is effectively the same concept and is a "digital currency" as well. there is a huge grey area here and it will likely be addressed in the coming months. just my 2 cents  This was an area of some discussion. However, there are several sections that may apply. I'm sure that the lawyers will be sorting much of this out for years (in general, not specific to this case), but the "low hanging fruit" here seems to be dealing in deposits in a foreign currency for investment purposes that may lose value owing to fluctuations in traditional forex markets, even though in this case they were unlikely to be converted into yen. An exchange is an exchange, it has nothing to do directly with investment, how can you assume that someone that wants to buy a bitcoin or sell a bitcoin is doing it for investment purposes and not transactional? |
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I cannot post outside this area, but perhaps some of you might benefit from what I have to say.
I work in finance for an international NGO and have been watching this bitcoin saga unfold with some academic curiosity and no small level of entertainment. I have no problems with bitcoin as a concept, and the agencies and governments I work with have little concern aside from its potential use as a medium for money laundering, though even in this respect it is still a very minor one given the tiny size of the bitcoin economy relative to that of other illicit financial activities. On the list of priorities, it isn't. So you all have no need for worry there from what I have heard.
However.
This is a world with laws. The frankly hilarious incompetence with which MtGox has been operating cannot be allowed to continue. Regulation, no matter what some of you seem to think of it, exists for a reason, and it is to prevent things such as this. Had there been accurate reporting, disclosure, meeting of capital requirements, self-regulatory structure and organization, safeguards against market manipulation, and so on, perhaps this all could have been avoided. It is for this reason that I contacted a colleague with the Japanese Financial Services Agency, who will be investigating MtGox for operating in violation of the Financial Instruments and Exchange Law. Their criminal negligence will end up costing many of you money; hopefully my warning here and swift action by the Japanese authorities will minimize that.
Enjoy.
So you personally have no skin in the game, no one asked you for your 'help', and yet you felt the need to bring them more trouble? Your own life so boring you have the need to be a busy body? Wonder what personality disorder creates that type of need in a person, and what they feel they gain from it. If we could figure that out, maybe we could figure out a way to divert and channel these types of people into more useful activities. |
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I am offering Curse reward points for Bitcoins. These can be exchanged for amazon gift certificates (.com, .uk, or .de) or even USD. See https://store.curseforge.com/ . I am offering these currently at 300 for 1 BTC. For 200 curse points you can get a $10 gift certificate. |
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How can everyone here continue to side with BitLotto? It's been clearly proven that there is a flaw without an escrow service.
Because it has not been clearly proven at all, and saying it has been while good nlp does not make it so. |
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You'd rather it be you, of course. I'd rather it be someone who is trusted. And I'd rather it be someone who doesn't have a stake in the game. Gavin offers ClearCoin Escrow, and he seems to be someone that many people trust.
I'm really not trying to be a jerk here, but this whole thread is about running a trustworthy betting site, and you made a bet and lost, and are showing your level of trustworthiness. You really have few options at this point, because you and your site's reputation is at stake. If you make a very public bet, and lose (and if most people agree that you lost), and you don't pay, then why would they trust your site?
We can take this conversation offline if you prefer, but I think your reputation is at stake here.
I think you are delusional about most people agreeing that he lost. I know I for one don't agree with that. I also think your reputation has become more at at stake here then his. |
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Hmm... I work with a company that does lab automation robotics. Right now we are waiting for some contracts to come in, and have some idle capacity. Making it does not seem to be too hard. Is there really a demand for such and thing and people willing to use it? I also wonder a bit about any potential liabilities and if it would need UL/CE marks? I guess I am not really sure I understand the business model, it seems the site basically promotes group video conferences where one member has this machine and gives control of it to a person at a time in the conference while charging an entrance fee into the conference? So, the idea would be to sell and/or lease this machine to someone willing to host these conferences and set the machine up to be able to be controlled such that it entered them?
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Looks nice. I have yet to ever see any alternative roots get any significant uptake, though the namecoin idea of a distributed
registration service would be nice to see take off. Since the us govt is the one who seizes the most domains though, why did you pick the us domain to run it from? Would it make sense to at least offer another tld just in case? Or is the idea that if the government shuts it down, it would already have sites people wanted to see, and show the problem more clearly and get people to change to resolve the .bit root directly?
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I did have the gen=1 set for the first few days, but if that happened to have hit it would be 50 coins right?
I also have a faucet transaction and one cashout of 1.04 from bitcoins.lc, also I am due a about .13 from Elugus us.
All my other transactions show a Recieved with: address though.
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I now have a line in my bitcoin client that shows 'Generated' under the description and +0.01315937 for the credit. Ok, nice, good , etc... but where the heck did it come from and why?
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I want to get a new computer to run bitcoin and use for some mmo gaming. I like to try and get ecc ram, but I don' t think the recommended builds I have been seeing here are use ecc ram. Does anyone know some decent motherboards that support ecc these days?
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Hmmm... I actually have the source code to what used to be a commercial poker site and it's client. Would be interesting to set it up, but I am sure the servers at least would need to be located outside of the US.
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Is it just me, or does anyone else think that something of a larger scope is going on regarding the 504 errors?
The 504 error occurs with Silk Road, Open Vendor Database, and the hidden wiki. It seems like gov't or some group is cracking down on Tor sites involving illegal activity.
Mybitcoin works, and some other .onion bitcoin exchanges work however.
Hmmm.. now I am wondering what some of these things are. |
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If you have more than 1000 Bitcoins in your wallet:
1. get yourself a low cost netbook.
2. Install not bloated linux (like archlinux) or FreeBSD or OpenBSD (in order of growing paranoia).
Damn, I used NetBSD, time to reformat! I was wondering though, how well would a cheap android tablet work? They seem even cheaper then netbooks these days, but no idea yet how secure they are, nor even if you can run bitcoin on them. |
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