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1  Bitcoin / Legal / Did bitlicense just hand all closed-loop gift card business to banks? on: July 23, 2014, 03:23:53 PM
Open-loop gift cards are ones that can be redeemed in different establishments, but closed-loop ones are ones that only work in the place where it was issued, like itunes, newegg or amazon.

http://www.dfs.ny.gov/about/press2014/pr1407171-vc.pdf

Quote
(m) Virtual Currency means any type of digital unit that is used as a medium of exchange or a form of digitally stored value or that is incorporated into payment system technology. Virtual Currency shall be broadly construed to include digital units of exchange that (i) have a centralized repository or administrator; (ii) are decentralized and have no centralized repository or administrator; or (iii) may be created or obtained by computing or manufacturing effort. Virtual Currency shall not be construed to include digital units that are used solely within online gaming platforms with no market or application outside of those gaming platforms, nor shall Virtual Currency be construed to include digital units that are used exclusively as part of a customer affinity or rewards program, and can be applied solely as payment for purchases with the issuer and/or other designated merchants, but cannot be converted into, or redeemed for, Fiat Currency;

I don't get it, on the one hand closed-loop gcs can't be redeemed for cash, but they could be sold on the sly by individuals without anyone noticing. Likewise, you can mess around with gaming currencies even though officially you can't redeem them for cash. Is Lawsky saying anything that gives an individual the freedom to send it to someone that isn't being tracked by the N$A, or is he saying it only includes companies that officially don't redeem your tokens for cash? I'd imagine that all specific companies would give up on the issuing of gift cards and ''partner'' with banks down the line. What do you think?
2  Bitcoin / Legal / You think decentralized escrow services will beat Lawsky's bullshit? on: July 22, 2014, 11:28:33 PM
Apparently all escrow services are now forced to have all your ID data-- because ID theft and nanny state. Some in the cryptocurrency space are developing decentralized exchanges like openbazaar, but I keep hearing that the escrow service is centralized and so vulnerable to Lawsky's goons. What do you think?
3  Bitcoin / Legal / Is Lawsky trying to get all the bitcoins to go to ETFs? on: July 19, 2014, 08:13:19 PM
Bitcoins as a store of value now need bitlicenses is this how lawmaking and lobbying works in the US? Really???

http://www.reddit.com/r/Bitcoin/comments/2b5kex/immigrants_sending_money_home_investors_using/
4  Bitcoin / Legal / If bitcoin is property, why isn't bitcoin the property and bitcoins the shares? on: March 29, 2014, 07:23:43 PM
Is it because the IRS wants to extract sales tax from the millions of exchanges that occurred in the last 2 or 3 years? Can't anyone take them to court for this?

Plz move this thread to legal thanks.
5  Bitcoin / Press / [2014-03-27] Cointrust says his technology can take Bitcoin mainstream on: March 29, 2014, 03:56:11 PM
With a bitcoin not under your control but under the bank's control, so appealing!

http://www.pcworld.com/article/2127920/cointrust-ceo-says-his-technology-can-take-bitcoin-mainstream.html
6  Economy / Speculation / Dear bitchy bunch of bears, on: July 06, 2013, 01:46:32 AM
You haven't got a case. Whenever you give a reason, it's debunked in 10 seconds. This is why all you have left is the land of fart, and why all we see now is bunches of bears farting about.
7  Bitcoin / Bitcoin Technical Support / Why no change and no fees? on: April 14, 2013, 04:43:30 AM
I have a few addresses on a wallet. I just did two transactions and sent bitcoin to an address on another wallet.

I'm perplexed because the estimated BTC transacted shown on blockchain is the full sum. I sent them on the default bitcoin-qt, where to my knowledge there isn't a way to specify the address from which to send.

The addresses from which I sent the bitcoins show, combined, the total of the bitcoin sent. Not more than the total. So I assume no extra bitcoin was sent and no change was returned to one of my 'invisible' change addresses. Am I right?

But after reading so much about change and how blockchain interprets estimated BTC transacted as either the change or the payment, why am I not sending bitcoins with change?

I'm also surprised why these bitcoins haven't got any fees, at least it seems that way. I thought they took ages to confirm and that I had to do some command line programming to choose no transaction fees.
8  Bitcoin / Bitcoin Technical Support / Permission denied am I root Ubuntu error on: April 11, 2013, 04:17:39 AM
https://github.com/bitcoin/bitcoin/blob/master/doc/readme-qt.rst

Both assuming that the '\' are and aren't actual enter for new line; When writing:

apt-get install qt4-qmake libqt4-dev build-essential libboost-dev libboost-system-dev \
    libboost-filesystem-dev libboost-program-options-dev libboost-thread-dev \
    libssl-dev libdb++-dev libminiupnpc-dev

in an Ubuntu, I get

E: Could not open lock file /var/lib/dpkg&lock - open (13: Permission denied)
E: Unable to lock the administration directory (/var/lib/dpkg), are you root?

Anyone know what this means?
9  Bitcoin / Bitcoin Technical Support / I don't understand change on: April 03, 2013, 05:22:26 PM
Someone said you could lose thousands of dollars due to change, so I looked it up

https://en.bitcoin.it/wiki/Change

and don't understand it.

Is the problem that the change produces a new address and that if you're doing the transaction in a cold wallet this new address won't be registered by the cold wallet as it would by a hot wallet like bitcoin-qt?

If that's it I get it, I think. If it's something else I don't.

Another thing I don't get is the transaction the above link uses as example:

http://blockchain.info/tx/0a1c0b1ec0ac55a45b1555202daf2e08419648096f5bcc4267898d420dffef87

It says Estimated BTC Transacted is 0.89 BTC but the example talks about how 10.89 was transferred. Does Estimated BTC Transacted mean the amount that went into a new address back into the original owner?

thanks in advance for enlightenment
10  Bitcoin / Bitcoin Technical Support / Wallets on: December 14, 2012, 10:54:28 AM
If you have one client, add 1 bitcoin to it, save the wallet. Then a week later, add another bitcoin, and save that wallet.

After that, you setup two clients. One with the newer wallet, the other with the older wallet.

Is there danger of wallet corruption?

Or will one wallet painlessly acknowledge the disappearance of a bitcoin if the other wallet sells it? There will be no synchronizing problems the network saying the bitcoin is in two different wallets?

thanks in advance for answering this most probably stupid question
11  Bitcoin / Bitcoin Technical Support / Downloading block risks forking? on: October 09, 2012, 04:51:11 AM
If you download blocks from a client server site like bitcoincharts instead of waiting for the bitcoin client to update through peer to peer, what exactly are the risks? Can the bitcoin client belong to a bitcoin fork and can the coins in the wallet become worthless?
12  Bitcoin / Bitcoin Technical Support / Where to add the wallet in an ubuntu installation? on: June 21, 2012, 09:51:16 PM
If you want to transfer a wallet into a bitcoin client that's sitting in an Ubuntu install, where do you put it? I don't have much experience with Ubuntu, but all the bitcoin pieces don't seem to be sitting in one directory, so I just wouldn't know where to put the wallet. Is the wallet file the only file I need to transfer to get the bitcoin to recognise the bitcoins and to function perfectly?
13  Economy / Goods / [WTT] Amazon Gift Cards for Bitcoin on: June 13, 2012, 01:22:45 PM
I have a dozen gift cards from the associates program, ranging from about 50 to a little over 400 in size. I also have a couple from the UK and Germany. Looking to exchange for btc at face value. Please contact me if interested.
14  Other / Beginners & Help / Newbie restricted in marketplace until, and pp/bitcoin exchange? on: January 24, 2012, 06:23:15 AM
Hi, I'm new here and I'm wondering until when I'm still restricted from posting replies or opening new topics in the marketplace forum?

Also, I'm wondering where the best place is to exchange any bitcoins I get back into paypal dollars?
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