[every]

The US Government now oversees all possible entry points into Bitcoin from US Dollars, even localbitcoins / peer to peer sales over $300.  (see: florida bitcoin sting).  They now legally have access to the identity of everyone who purchases over $300 worth of Bitcoin with US Dollars.

The US Government also now requires you to report every Bitcoin transaction as a capital gain or loss.

So every time I spend bitcoin, I need to:

1) Keep track of how much fiat I used to buy the bitcoins originally
2) How much the item costs in fiat
3) Figure out when I bought what bitcoins and when
4) Calculate the capital gain based on the difference between the item and the purchase price of the coins
5) Repeat steps 1-4 every time I spend Bitcoin
6) Calculate my total gained / lost from every transaction at the end of the year.  
7) Report this amount on my tax form, including proof of every transaction in the event of an audit 

If this procedure is not followed, you are subject to being locked in a cage.  

So to buy a $2 coffee, I need to expend more effort than the coffee is worth.

Where is the outrage?  What many have feared is currently taking place, and it's like nobody gives a damn.  They are stopping Bitcoin in its tracks before there are enough people outraged by it to create any backlash.

Let this be noted by everyone calling for "more regulation", and to "ignore the libertarians".  We are losing.  Badly.  

Let's say Bitcoin gains a significant level of adoption and the price stabilizes and plateaus for an extended time. 

From an investment perspective, it makes MUCH more sense for a very wealthy investor to start a new crypto, mine a ton of it, and market the hell out of it.  Is it not only a matter of time before we see this happen?

[Asking 1 BTC OBO (or USD 650 via PayPal)]

I've sold the GPU's, and now I'm parting with the rest of the rig.  It's ready to plug and play, so just plug in some GPU's and you're ready to go (can fit up to 6)  I was running 4 R9 280x's on this rig at 2.85 MH/s.  

Included:

Power Supply: Corsair 1200 Watt Gold PSU (AX1200)
Motherboard: MSI 890FXA-GD65 (6 PCI-e slots)
Processor: AMD Sempron 135
Memory: 4GB DDR3
HDD:  Seagate Barracuda 320GB  
Risers:  3x 1x-16x PCI-e ribbon Risers, and 3x USB 1x-16x Risers *60cm*

Windows 8.1 with CGMiner, GUIMiner and CGWatcher installed. Configuration settings ran R9 280x's at 712-715 kh/s.  

Price includes shipping via USPS Priority 2-day within the US.  Additional charge for international shipping.

Asking 1 BTC OBO (or USD 650 via PayPal)

[ribbon]

I have a rig for sale that's plug-and-play ready, just add the GPU's of your choice, and mount them as desired (can theoretically fit up to 7 with additional power supply).  I was running 4 R9 280x's on this rig at 2.85 MH/s.  

I have:

Power Supply: Corsair 1200 Watt Gold PSU (AX1200)
Motherboard: MSI 890FXA-GD65 (7 PCI-e slots)
Processor: AMD Sempron 135
Memory: 4GB DDR3
HDD:  Seagate Barracuda 320GB  
Risers:  4x 1x-16x PCI-e ribbon Risers, and 3x USB 1x-16x Risers *60cm* (not pictured)

Windows 8.1 with CGMiner, GUIMiner and CGWatcher installed.

Price includes shipping via USPS Priority 2-day within the US.  Additional charge for international chipping.

Asking 1 BTC OBO (or USD 650 via PayPal)
.  

Site is down, seemingly for good:

http://blog.blockchain.info/2014/02/25/joint-statement/

http://www.circle.com/2014/02/24/joint-statement-regarding-insolvency-mt-gox/

Is Karpeles using Bitcoinbuilder to unload his GoxBux?  The sell depth is massive, and it looks like there is one person selling 100BTC blocks at many price levels. 

Does anyone know if the heat sink / fan manifold are interchangeable between GPU models in the same series?  ie. a MSI 280x heat sink / fan on a sapphire 280x card?

So this R9 280x works and hashes fine plugged directly into the x16 slot, but isn't detected when plugged into a 1x-16x riser which works with all my other cards, including other R9 280x's.  

It seems like this R9 280x may be faulty in a way that disrupts the information flowing from 16x-1x, which doesn't occur when plugged directly to 16x.  

Has anyone else run into this?

Haven't seen this posted here..

Basically the Postal Service had internal discussions about offering Bitcoin exchange services at USPS locations. 

So the government has made it illegal to exchange Bitcoin for US Dollars without registering was a Money Service Business, and have arrested people up for not doing so properly, and now want to provide those services themselves. 

Sounds like a hostile takeover to me.

http://rt.com/usa/us-postal-service-bitcoin-780/

[2.25 khs per dollar]

From the specs I can see, it will cost $2223 for AT's "Viper", which produces 5mhs.  The value to the buyer is 2.25 khs per dollar

Right now, if you shop smart, you can buy 4 5870's, Motherboard, PSU, CPU, ram, a few risers and other components for under $700 and produce 1.6mhs.  The value is 2.28 khs per dollar.

There definitely are many factors which add value to the ASICs, including power savings, lower barrier to entry, and the fact that they may depreciate in price more so than the GPU's (adding to their value per khs).  I guess even a small advantage is still an advantage, but I'm failing to see how these ASICs greatly effect the viability of GPU scrypt mining, or would even be significantly preferable (if at all) to traditional GPU mining.

Here are some proposals that I think could get Ron Paul Coin off the ground:

1)  New coin image.  I've taken the liberty to make a submission.  If anyone would like it in vector form, let me know:

2)  It may be useful (and create some buzz) If we start calling .01 Ron Paul Coins "Rands".  After all, rand is about 1/100th of Ron when it comes to being principled

3)  Since Ron is such a gold / silver proponent, it would be cool to get some physical Ron Paul Coins out there sooner than later, and send one to Ron himself.  

Any feedback would be appreciated!

--

Ok, all you Jeopardy-watching members... I heard this happened.  Did anyone catch it?  I was hoping to find a screenshot on Reddit already, but nothing.

He had mixed opinions on Bitcoin, and anecdotally mentioned that Bernanke spoke favorably about Bitcoin, but never about gold/silver.  He also cited Mises' regression theorem as a defense of a commodity-backed currency.  He did say that he hopes Bitcoin plays a role in taking down the FED, and that maybe he doesn't understand enough about it to make an informed decision.

http://video.foxbusiness.com/v/2916084919001?cmpid=cmty_twitter_fb

UPDATE:  He also had an interview on CNN:

http://www.youtube.com/watch?v=L2gvNKTNJJo

Must have extensive reputation, and send as a "gift".  My PayPal account is a verified business account that I've been using for 6+ years for my company.  Will verify my identity to you privately, and would ask you to do the same.  PM if interested. 

What kind of effect will this have on the Bitcoin economy?  Holding so many coins give them immense power over the entire Bitcoin economy, as they'd be able to crash the market whenever they decide to pull the trigger.  They may try to sell them off slowly... or maybe they won't.  These are bureaucrats we're talking about, who are beholden to a lot of powerful people.  Has anyone pondered what would happen to the bitcoin economy once the Ulbricht trial is over, and all the coins are unloaded?

For your viewing pleasure..  Stefan rocked him as expected, but when Schiff was proposing a gold-backed bitcoin, molyneux should have noted that this introduces the necessity of a trusted third party to hold the gold, whereas bitcoin is inherently peer-to-peer, which is arguably bitcoin's most desirable feature.  Also, it would have been nice to see him touch upon the "value" of the bitcoin network itself "backing" bitcoin.  Overall, it was a decent watch.  

http://www.youtube.com/watch?v=mFcTJAQ7zc4

We all know that Apple has been hostile toward accepting bitcoin-related apps for use on their devices.  Last week, they gave Coinbase the axe.
 
But what would be the ramifications if Google also followed suit?  This would essentially be the end of mobile phone wallets, requiring people to use hardware like the Trezor or paper wallets if they wanted carry their coins around with them.  This would be a huge blow to the bitcoin economy, IMO.  Surely mobile phone wallets are probably the preferred storage method for people wanting to make in-person bitcoin payments...  Does anyone know what percentage of Bitcoin users rely on mobile phone wallets? 

Does google have Bitcoin by the balls? 

Anyone watching this?  Just dropped frm 580 to 500 (gox) in a few minutes

edit:  sorry, wrong subforum