If it is to serve only EU citizens and will take a coinbase style approach of acting like a dealer, what laws do I have to respect? Do I need any licenses?

The business will run in the UK but will likely have foreign bank accounts due to UK banks being bitcoin unfriendly.

["The "guarantor" is being trusted to do arbitration between the sender and the mixer. Therefore, given the nature of 2-of-3 multisig transactions, the guarantor and the mixer can sign the transaction, and then refuse to sign the cancellation transaction, leaving the sender out of luck and out of funds."]

Read this comment on Supercoin by fluffypony, one of the Monero devs, who explains why n-of-m multisig used in Supercoin is not safe:

"The "guarantor" is being trusted to do arbitration between the sender and the mixer. Therefore, given the nature of 2-of-3 multisig transactions, the guarantor and the mixer can sign the transaction, and then refuse to sign the cancellation transaction, leaving the sender out of luck and out of funds."

Also, read this, why using the txid to do mixing in Supercoin is not safe:

"Even worse - the workflow is based on the txid and verifying the txid. Have we not learnt by now that the txid can change? How do you people not understand that this was the very thing that mtgox blamed for their destruction?

The issue here is relying on the txid, when malleability has shown that the txid can change. This so-called "trustless system" relies on txid's to confirm transactions in an automated fashion. That is bad, stupid, and fundamentally broken."

Be careful not to fall for new shady coins promising the earth and screaming FUD at more established coins.

I heard a song recently with female vocals and the hook of the song was something like

"back back to ya, back back to ya"

But it's possible rather than to ya it's a whole word that I misheard. I also remember the word "tonight" being in it. It was an upbeat song, dance song I guess. Not sure how new it is but I think it's released in the last 2 years. Maybe recently.

I've been googling like made but can't find anything. Anyone recognise it? 

Member hashnine is sending me private messages talking about a bounty being put on my head and then followed it up with another saying he's not joking about a bullet going in my head. 

This is related to DRK coin.

He doesn't seem to like the competition of XC and started today when I quoted him calling XC a scam! He decided to send me private messages which I have ignored. Death threats should not be acceptable. The alt coin forum does attract a fair amount of nutjobs so I would appreciate a response from the site admins about this.

I have of course notified them earlier today but since then I've heard nothing and now more messages in my inbox from this wacko. 

I have 3 addresses with large amounts of Bitcoin, that all belong in the same wallet.

On the rich list they appear as 3 different addresses.

I want to spend Bitcoin from my wallet. Can I force the QT wallet to make it look like the Bitcoin I send comes from only one of those 3 addresses?

The addresses hold roughly equal amounts.

Thanks.

Discuss.

Any ideas?

@  Fuserleer         ok, the whole mrv, billo, eid, whoever else stuff needs to stop, because Im losing my patience over how much of my time its soaking up dealing with these guys
@  Fuserleer   :   (07:02 PM - 01/29/14)I nor anyone else knows the reason these guys quit out, the best me and other founders can come up with is paranoid chinese whispers that have escalated
@  Fuserleer   :   (07:03 PM - 01/29/14)NONE of the members that left raised any concerns with me, and Im not going to continue sweeping up the mess they made due to not having the conviction to explain in detail why
@  Fuserleer   :   (07:03 PM - 01/29/14)I have tried to run this place as lose as possible, believe me, and Ive let a LOT of shit slide but for the next few days Im tightening ship

Several topics about Fuses righthand man Visin have been maden on the emunie forum and swiftly deleted. I feel he is somewhat involved?

Any news?

[Edit:]

Announcement here: http://bter.com/article/12

Edit: Seems like it's live! http://bter.com/trade/nxt_btc http://bter.com/trade/nxt_cny

NXT Coin official topic: https://bitcointalk.org/index.php?topic=345619.0

For now you can buy NXT on the nxt dgex trading platform: http://dgex.com/

Summary of NXT coin:

- Decentralized Alias System / DNS - Complete
     Register names and assign them to URIs.  URIs can be anything from web addresses to Nxt account numbers.  These aliases will be tradeable in the near future.
- Basic DDoS Protection - Complete
- Decentralized Asset Exchange / Colored Coins - Done, but not yet implemented.
     This allows gateways to issue assets on the Nxt network.  These assets can include cryptocurrencies (BTC, LTC, etc), fiat currencies (USD, EUR, RMB, etc), stocks and other assets.
- Transparent Mining - Complete.
     Transactions are encrypted.  Only PoS block generator can decrypt transactions.
- Arbitrary Messaging - Complete. Implementation on block 40,000.
- Instant Transactions - Requires peer review
- Decentralized Marketplace / Auction - In progress
     Buy or sell goods/services in a distributed manner.  All listings are broadcast to all nodes on the network in P2P fashion.
- Distributed Storage - In progress
- Multi-signatures - In progress
- Blockchain Shrinking - In progress
- Two-phase Payments - In progress
     Software supported escrow transactions
- Voting System - In progress
- Reputation System - Will be implemented after Voting System
     Account trust rating system.  Check if sellers on the distributed exchange have a good history, if stock issuers pay dividends and if gateways honor their asset redemptions.
- Decentralized Mixing Service - Concept not ready - Cryptographers please contact core dev team members
- Distributed Computing - Concept not ready
- Smart Contracts - Concept not ready
- Hardware Wallets - Conceptual Stage - Java smart card developers please contact core dev team members
- Advanced DDoS Protection: Project Kharon - Conceptual Stage - Neural net programmers please contact core dev team members

[cheerleading this one hard]

See it for yourself right now at: http://coinmarketcap.com/



Notice how unlike the other cryptocurrency graphs, NXT shows no correlation as all to their movement. It's independent. This is because it's not a Bitcoin clone but based on a new code set built from the ground up with new features.

I am cheerleading this one hard because I see nothing but wins when I look at NXT's features:

1. No mining required -100% proof of stake (this beats PeerCoin's main advantage). No wasted mining power
2. Faster transaction times than Bitcoin or Litecoin
3. Alias system (beats Namecoin's unique selling point).
4. Ridiculous number of cool features coming in the next month - peer to peer decentralised exchange, marketplace, anonymous messaging system, voting system

Lots of active development going on -  see more at the thriving community at https://nextcoin.org

Where can you buy these miracle coins? At dgex.com Less than 3000 NXT addresses have been created since launch in total, the price has risen this high on the buying power at a single new exchange, dgex.com... don't miss the boat. 

This is just a theory, not fact.

The main attractive feature of NXT is it's decentralised peer to peer features exchange. Which apparently will come in january. The rest of the coin is a 100% premine based on proof of stake.

What if the exchange never appears? And he just pumped that up so he could sell 100 million of his coins for 6 bitcoin per million. Then he just disappears in january and the price plummets?

What do people think, is this far fetched or possible? Seen a lot of scams in this community...

I'll send 2 Litecoins to anyone who computes a newly updated list of the richest Litecoin address , using a method similar to here(https://forum.litecoin.net/index.php/topic,608.0.html) or otherwise.

Thanks.

I want to setup a pool like this for an alt coin like Litecoin.

I am a php+ mysql developer by trade, so open source code which uses these will help me (I have little experience in ruby).

Any guides on here that you can link me to will be appreciated.

Thanks

I have a theoretical question. Imagine it's 2009 and I am solo-mining Bitcoins on a virtual machine on my computer. If I clone that virtual machine so it's identical and run it on a virtual machine on a whole different computer with the same mining power, would that cause problems? And would it lead to twice the mining power as expected?

"6) As risky as it is to invoke the name of Litecoin (LTC???), we must apologize for not keeping everyone up to date. The fact is that the current situation means a continued delay, but for good reasons. We’re looking at July right now, though that depends on a few things. Mainly, we want to do things correctly from the beginning."

Full statement of mtgox activity here: https://www.facebook.com/MtGox

On vircurex it says 23.2 GH and on coinchoose it says 21.8 GH.

I really think we could see the hash hit 50 in a couple of months.

What regulation would such an exchange have to abide to, if it wasn't serving US customers?

I know in the US you have the BSA, MSB's and money transmission licenses, as well as any bonds. What are the terms I should be looking at to comply with EU regulation?

Thanks

Bumping this topic due to the increasing emergence of virtual currency only exchanges:

coinmarket.io
dgex.com
coins-e.com
cryptsy.com
openex.pw
coinedup.com
mcxnow.com
vircurex.com

Some of these exchanges are doing very large volumes (>1000 BTC) of trades per day. Yet none have money transmission licenses? Are they just hoping US regulation won't apply to them? Or is it likely they are exempt?

---------------------------------------------------------------------------------------------------------------------------------------------------
Hi all,

I am seeking opinions and consensus on whether a bitcoin exchange which only allows trading between bitcoin and other virtual currencies (eg litecoin, namecoin etc) would require a money transmitter license in the US.

My understanding based on the recent fincen guidance is such an exchange would certainly count as an 'exchanger' and thus need to register as a money service business but it is unclear to me that a money transmitter license is required (this is the recent guidance I have been reading: http://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html)

I have had slightly different answers from the different people I have consulted with privately on an informal basis. I would also be interested to know what people think of an exchange such as cryptsy.com, which is an exchange business model I am talking about (no US dollar deposits). They do not appear to have a money transmitting license of any nature.

[That's 3LTC / 100WDC.]

That's 3LTC / 100WDC.

I have a perfect trading history and we can do the trade quickly. All amount sizes considered, large amounts preferred. PM me please.

Edit: see below for 10 trades completed already with positive feedback (usernames - SylTi, yoshiyoshi, ryhel, e777, Buffcorp, ohhaithere, charles999, kr4x, Joerii, portice, Chrisoldinho,Number6)

[Get it whilst it lasts!]

Buying your WorldCoins at 30 LTC per 1k   (3 LTC / 1k WDC)  

Get it whilst it lasts!

This is above the market rate so a good deal. I've done tons of trades on here in the last month!  

I am buying at 2.3 LTC per 100 WorldCoin. Large amounts preferred.

Please message me to arrange a trade. I've done many trades in the last month all have been successful.