Hey has this been resolved yet? I can contact the crypto street people directly and see whats up.

Just so you know Crypto Street will be launching soon as a feathercoin exchange, that will do FTC to BTC. Keep an eye out as we plan to launch soon with other cryptos as well.

I guess i am looking more for a place where bitcoins would be legal within the framework of that country as long as i only do business there. SO i am not talking about setting up shop in Iran and servicing US users, sense like many people said the long arm of US law would just stop me out right, like they did to megaupload.

Well yea lol...the US and and most of the eurozone were places i figured wouldn't work out right off the bat.

I am talking about a place where bitcoin could atleast be legitimate. Are there any countries like that now or is bitcoin in the grey everywhere? For example does mtgox operate in japan through loops holes and grayness or are they fully complaint?

Like the topic title asks which countries do people think have the most lax or inviting bitcoin related legal frame work, that could be used as a stepping stone for bitcoin businesses.?

any others as well?....just want to see my options...i have not heard of bter tell now

I wondering if there are other exchanges kind of like btce that trade in alt coins? preferably high volume/older exchanges. I can't seem to find any comparable to btce.

the channel is #bitfloor on freenode

also real pumps are not announced please don't fall into those traps...if he says its at 6:20 he is hoping someone like you will jump in and drive the price of his position higher....use the troll box to tell how the market might move, but cautiously...i tend to use it only as a measure of how volatile things will be, but never the direction.

A gamble is the best way to put it lol

sounds cool ill check it out 

also feel free to ask any questions.

Check out the exchange me and my team are building crypto.st....its a meta exchange which uses the liquidity of the other exchanges in order to full fill orders. It will have all the tools you would expect on a professional platform including things like positions and shorting. We also plan to have margin in the future. Because we are using many exchanges will even have some built in arbitrage.

Check it out and sign up for a our beta. We plan to be up and running for beta testers in the next week or so.

Try to talk with Roman the owner of bitfloor on their IRC chat channel #bitfloor in freenode....ever sense the closure i have seen him on once in a while, HE uses the name DefunctZOmbie or something like that....hope this helps!

its totally going to be dependent on whether the difficulty shoots up as expected. If i could mine with that thing right now, HELL YA it would repay itself fast, but its likely once those things get out in the wild it will take longer.... people are willing to take the gamble that they will get them early enough to take advantage of the low difficulty. Either way at worse i think they will reach a repayment period as long as GPUS are now, which is about 3 months or so to break even.

Personaly i'd rather just buy more coins and hold on to them long term, in the end its just as profitable as mining, atleast for me it has been.

As the above poster said i would never use nvidia to mine bitcoins, you should use AMD cards....a good budget card with good mining power is something like a 5830 which is quite popular but not great for gaming. Personally i use a 6950 it was affordable and great for gaming!

A signle 6950 will give you about 300 - 500 mhgs of mining powers. Allot more then your current card. Another decently cheap mining card with ok gaming power is the 7770. They are available brand new for less then at $130 at my local micro center.

Anyway good luck with your mining endeavors, and also i might also recommend looking into litecoin mining as it is more profitable right now.

I have actually just started a bitcoin and alt coin exchange with my team (please check it out www.crypto.st ) , and i will say that in the beginning the regulatory stuff did seem quite scary, but they aren't impossible, there are already many U.S. based bitcoin businesses following the laws and doing quite well I.E: bitinstant, but the future is still unknown and that definitely  affects how we move forward, but we believe there is so much potential in the future of this technology i'd rather move forward now and adjust, then not take a chance.

I think in a few years we will see more regulation for sure, but not without a huge growth in the industry. Regulation will only come if bitcoins do become big and successful!

Just throwing it out there but me and my team are about to release a trading platform that will allow you to take advantage of these arbitrage opportunities. We will also include many more tools like stop loss and positions in general. Its kind of like a meta exchange that works across multiple exchange platforms to get you the best price.

Check out www.crypto.st and signup for our beta. I'd love to get feed back from the community on it  

I wouldn't mind messing around with such a client....what exactly would it offer that the mtgox site wouldn't?