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Daily volume stats at the moment
| Market | Volume (24h) | | btcnCNY | 51,757.66 BTC | | bitstampUSD | 38,301.34 BTC | | mtgoxUSD | 28,100.65 BTC | | btceUSD | 29,601.48 BTC |
As far as I know - Chinese are very venturous people. Fasten your belts  |
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Two days ago I was asked by my technically inexperienced friend to investigate lost Mtgox transaction which has never appeared in blockchain. I found his transaction on https://data.mtgox.com/api/0/bitcoin_tx.php, then converted it from base64 into HEX and tried to broadcast it myself. However, after attempting doing so, I was really confused to find that the transaction is double-spend. A day later bitcoins were finally delivered to the target address but they were sent with different transaction. Did anybody experience the same behavior of Mtgox transactions? |
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http://dealbook.nytimes.com/2013/08/13/officials-broaden-inquiries-into-oversight-of-bitcoin-and-other-currencies/?_r=0State and federal officials are starting broad investigations into shortcomings in the oversight of upstart virtual currencies like bitcoin.
The Senate’s committee on homeland security sent a letter this week to the major financial regulators and law enforcement agencies asking about the “threats and risks related to virtual currency.” These currencies, whose popularity has grown in recent years, are often used in online transactions that are not monitored by traditional financial institutions. Benjamin M. Lawsky of New York sent subpoenas to 22 companies that have had some links to bitcoin. Mr. Lawsky’s office sent subpoenas to most of the companies that have publicly discussed investing in bitcoin or creating software that would allow for the transfer and exchange of bitcoins. Lawmakers are worried that bitcoin and other alternative forms of money can be used to evade taxes, defraud investors and assist trade in illegal products like drugs and pornography. Bla bla bla....
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One of my business partners is licensed car dealer in the US.
After two months of negotiations we finally decided to accept bitcoins for car sales.
How it works:
1. Buyer sends to Agent (me) a request indicating desired car model.
2. Agent finds appropriate vehicle at closest to the buyer location.
3. If Buyer accepts offering car, Buyer and Agent sign contract.
4. Buyer makes reservation deposit which is 10% of vehicle price. Reservation deposit to be made by sending bitcoins to a trusted Escrow service.
5. If car reservation is confirmed by the Seller, purchase agreement to be signed between Buyer and Seller.
6. Buyer pays remaining 90% of the car price equivalent in bitcoins to Escrow.
7. Original signed documents are delivered to the buyer.
8. Temporary tag placed on the vehicle with registration.
9. Vehicle is picked up by the buyer at the dealership, or delivery service notified about delivery order from the dealer to the buyer.
10. Buyer signs damage-delivery report and receives purchased car.
11. Copy of signed delivery report is sent both to the Seller and Agent.
12. Escrow receives a copy of delivery report and releases the amount of deal to the Agent.
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 The summit venue, Haikko Manor house as seen from the south, the direction of the sea, in June. I Bitcoin Supernode Summit Finland 9.-12. May 2013
Bitcoin meetup for the ones most deeply interested in it. The Bitcoin Supernode Summit will be organized first time in May, 2013. It is based on the understanding that Bitcoin is a revolutionary technology as pervasive as the Internet. What tells them apart, is the fact that adopting Bitcoin among the first 100 million people in the world, not only gives you the edge when doing anything related to economy in the future, but also increases the value of your share of the monetary stock (bitcoins) in existence, by 1-6 orders of magnitude, depending how early you got in. The ones holding the largest stashes of bitcoins - and the means to use them for the public benefit - now, are quickly emerging as new socioeconomic power centers, Bitcoin Supernodes. The Summit develops these concepts in an atmosphere of pristine natural beauty combined with impeccable luxury. Venue
Haikko Manor, near Porvoo, Finland. Porvoo is about 30 minutes from Helsinki and the Helsinki-Vantaa Airport. Haikko Manor is established 1362. The current Manor House, was designed in 1911 to be able to accommodate the most prestigious occasion that was imaginable that time - King of England visiting by sea. The Manor House was such a large project that it was only finished and inaugurated in the 1960s. Since that time, there has been no King in England. The pretender of Russia has visited it though. Haikko boasts of a 35 acre park and shoreline to the Gulf of Finland. Hosts
The Summit is organized by rpietila, who currently runs an approximately 1.5 class Bitcoin Supernode based in Helsinki, Finland. Members from his organization will act as hosts. Currently the named hosts are Risto Pietilä (rpietila) and Roni Blomberg (rontus). Staff
There will be enough staff available for the typical needs of the delegates, and the number of staff assigned to serve you, increases exponentially with your ticket class. If you want to bring your own staff, family members, or the like, do organize their stay yourself. Non-participating spouses of Senior Delegates or higher, can stay in the same room at no extra cost. Currently there are available rooms in the hotel compound, also the hotels in Helsinki are only 30 minutes away. Speakers
There will be no paid speakers. Whole group sessions will be avoided. The workgroups will be based on considerations of the previous work of the delegates, and the interests they currently have. We are likely already aware of your contributions to the Bitcoin economy; if your knowledge is world class, you will be appointed as a workgroup facilitator upon your request. Most of the time during the summit is intentionally left available for self-organized work. Details will be based upon the wishes of the delegates, and updated below. Schedule
Wednesday, May 8th
19:00 CXV (115th) Club Evening in Silverclub, Helsinki (upon separate invitation only) Thursday, May 9th
10:00 Conference backend operational. Shuttle service between the Airport, Helsinki, Haikko and Porvoo starts. If you arrive earlier, please reserve for yourself a room in airport hotel and have a good sleep and breakfast; we will pick the early birds up at 10, and transfer to Haikko. Friday, May 10th
18:00 Opening Gala in Haikko Saturday, May 11th
Sunday, May 12th
16:00 Conference backend closes operations. Shuttle service between the Airport, Helsinki, Haikko and Porvoo ends. If your flight is later, we will be able to book your airport transfer. WorkshopsDEALER NETWORKBITCOIN SUPERNODEREAL BILLS AND CLEARINGHOUSE(will be expanded soon, also the 7 non-rpietila delegates can start posting their ideas to the thread, no need to ask my permission, you can be sure we do exactly what we want in the summit, so if your idea is good, we will develop it and the converse). NEW: Please somebody set up a private forum for just the participants, unless this forum grants us a private section before 1st May noon UTC.
Admissions & Fees
Maximum 50 admissions available worldwide, of which currently 7 are taken.
Admission Fee is 50,000mBTC, payable to 15X968JjsbT9LBKK9kFsAeAnKwi5G6LoUp.
All (delegate&up) admission fees will be sent to this address, regardless of the method that was used in purchasing the ticket (the tickets are for sale outside of bitcointalk also). This is to preserve the order of registrations for the 98%...2% early adopter discount. This means that the admission fee for the first entrant is 1,000m BTC, for the second 2,000m BTC, and so on, until the registration window ends on Sunday, May 5th, 23:59 UTC, or the maximum limit of 50 participants is reached. You may reserve a ticket only by prepayment, and the order of payments after 20 confirmations is the final arbiter of the discount. In cases where two legitimate payments of equal amount are included in the same block, both will get discounted the same amount, resulting in a 500m BTC additional payment due from both. Send PM with your details after sending your admission fee. You may transfer your title to an admission to another. Send PM indicating the details, and pay 500m BTC transfer fee to 18BGLrjetpWjmP4PjQfTpeLXn1gSQx2Erv. NEW: In case of no show, we will not be able to refund your ticket, unless you convert it to "virtual delegate" latest Sunday 5th. If you do this, we will be able to refund you 5,000mBTC (regardless of how much you paid for it).
Ticket Classes
2.5th class ticket = Delegate
(no additional cost) - 2pax room, full board, and shuttle rides from and to the airport or city centre 2.0nd class ticket = Senior Delegate
(an additional 3,000m BTC) - Single Room 1.5th class ticket = Donator
(an additional 10,000m BTC) - Butler service 1.0st class ticket = VIP
(an additional 50,000m BTC) - You may post a reasonable wishlist of maximum 3 sheets, and it will be granted upon availability Details of what the higher classes get, will be added later. A higher class gets first choice of suites, transportation, workgroups, etc. limited resources. A higher class accumulates all benefits of the lower classes. (The costs are not accumulated though.) Do not pay these to the Admission Fee address. We will charge them separately. NEW_APR_29: All technical means will be available to attend to the summit virtually. If a delegate plans to do this, (s)he is expected to contact me, and start preparations from his/her part. This will entitle to a 5,000mBTC refund.In addition there will be: Hosts (participating staff of the rpietila supernode) Staff (non-participating from rpietila and hotel) Guests (paid speakers who are not bitcoiners yet) Visitors (short term tickets issued to mainly local non-bitcoiners for specific events during the summit) PledgesIf certain threshold numbers of admissions are reached, there will be some improvements in our living conditions, plus the overall feel of the summit: - At least 10 admissions Airport/city transfer upgraded to black German cars (E/5/6 class or larger). - At least 20 admissions Everything inside the compound will be free of charge, including spa treatments. - At least 30 admissions A Summit Secretariat will be organized, who will provide 24h backend services for the delegates, including snacks and drinks, taxis/limo, excursions to sights and clubs etc., completely according to your request, completely for free, for the duration of the summit. This will operate from two permanent bases, both in Haikko Manor and Hotel Kämp, Helsinki. - At least 40 admissions An opening gala dinner in the Romanov suite of the Manor House, with real silver tableware, engraved with the name of the delegate and the occasion, and gifted to the delegate. Afterparty in Helsinki, transfer in white limos (subject to availability). - Sold out! (50 admissions) We will employ the total of 30 girls to dole out free bitcoins to bystanders in 10 selected European cities for the duration of the summit. I will pledge 500,000mB of my private funds towards this free distribution. Welcome to I Bitcoin Supernode Summit 2013![All info is subject to be updated.]There are now 6 paid admissions to the summit, and all of them are for a physical stay. I am sorry to not have got back to you, I would be delighted if most of you would post something here, and would ask the general questions in public, so that me or a member of our staff can answer. I have been busy with a certain unforeseen deal today, but intend to not work at all during the rest of the week, except for this, which will receive my undivided attention. The next ticket will go for 7,000m BTC. There is a new opportunity of a virtual admission, which entitles to everything except the actual coming to the summit, for a discount of 5,000m BTC. This means that you will still have to pay the 7,000 (or more) to the address, but will get 5,000 back at the instant that I am available to send it. If you require practical assistance with getting a visa or anything, I want to help you by PM. I encourage both the big potatoes and the disciples to sign up. The current balance is a bit of both, and we can easily accommodate more of either. I am sorry that I do not currently have the permission to disclose the identities, I hope I will do it for most of the delegates soon, or you can speak up for yourselves! If you want to register, please read and understand the invitation.I appreciate the invitation. I'd love to go to Finland. One day I will make it. I can't make it on such short notice.
The immodest emphasis on conspicuous luxury is something I find alienating and leads me to question the premise of the gathering. If I'm going to be invited to spend a $7,000 fee to attend a meeting, I'm accustomed to high-quality well-thought-out appeals for me to attend, which concentrate on the business development case for attendance more so than the exclusivity of the gathering and the luxurious luxuries that will be enjoyed there, the blackness of the German car I'll be picked up in, and the hotness of the 30 girls that will be passing out bitcoins. The way that this is presented, I feel like by going I'd be starring in a Bitcoin version of "Oppan Gang-nam Style" and that has a negative appeal to me. THis is not why I am involved in Bitcoin. This sort of meeting Should Not Take Place at a venue that requires an outlay like that per participant, with one exception: if the money were going to fund some well-defined and well-planned project to fund the common good.
Thank you for your reply, I appreciate it. I realize that astute bitcoin people are very busy, and therefore cannot easily read the fine print, which in this case says that the tickets will be sold at progressively higher prices. The first one was BTC1, and currently you would be able to reserve yours at BTC8, which, despite the fact that it is $1000+, will still net me a loss and cannot be considered excessive. The level of people, targeted with this summit, is so high, that their opportunity cost of time easily runs in $thousands per day, so this is why I care about their physical well-being (and not so much care how much it will cost to me or them). It is realistically a $5-$10k investment for you or anyone from the U.S. to attend this (ticket+flight+time), so you don't want to have substandard living conditions. There is already another conference targeting a wider audience, and there is no point for me to reinvent the wheel. As for the workshops, I have currently outlined three most critical developments in the bitcoinworld, which do need to be accomplished with the utmost speed and determination, namely: - The Dealer Network, to stabilize the price during its appreciation phase and remove the single point of failure (Mt.Gox) - The Supernode, to strengthen the socio-economic network, develop local power centers, and tie Bitcoin to the real world existing networks - The Real Bill, to enable such a stable price in the long run that bitcoin can be used as a unit of account in production of goods and services If you think there is anything more urgent and important to be done in this world than these, please post it here. Since I am pretty serious with this conference and consider it the culmination of my short career in bitcoin. If you just see the blackness of the cars and hotness of the girls, you are myopic. This all needs to be there but the real content is in the workshops. Thank you for the Casascius coins, they are beautiful, and a lasting testimony to your foresight. Today I did the following:
- Some summit members have taken on tasks to practically organize matters. Expect zeroday to start a new thread and keep it in even better order than this one is. We will also have a private forum in 48 hours max, for the delegates and people in the process. - I scoured the city for new and ritzier offices for my supernode. So far did not find anything of interest. My problem is that I want quite large (200+ sqm), best location (only a few blocks are good enough for me), good condition (4 meter ceiling is the target, <3 disqualified), and available (so that we can move in now and not in 2 months) - We will go to Haikko on Thursday with a 4-ppl delegation, to discuss the practicalities of the Summit with the staff of the Manor House - Chatted over skype with a Greek delegate - Some people want to order Casascius coins from me, I have quoted 1,800m BTC / 2,200m BTC / 5,500m BTC for 2013/2012/2011 BTC1 coins incl dlwy. - Goat sold me 700,000m BTC for 2.65M THB yesterday. I have now spent about 4 hours with the bank, and currently they have promised to send the money to him on Thursday. I need to pay anything between $1k-$3k in different fees to the bank (closer to $1k now since I phoned directly to the currency broker desk to exchange EUR->THB; but I have happily paid 1.55% fees on USD->EUR automatic conversion just because I did not specify the sender to use my USD account). LOL when Goat sees the money clear, his part is done in 15 seconds. [Do you realistically think that BTC will not go to $300/mBTC, just because of the fact that using banks for anything is such a pain?]- We are celebrating the 3rd most important annual festival in Finland, only Midsummer and Christmas (in this order) are more important - I have almost contracted a team of 3 bright and beautiful young women to help with the organising of the summit (+ being The Summit Secretariat during the event, if ever we reach 30 participants - which I doubt but will employ them anyway) All delegates - If you need something very important before Thursday May 2nd, 16:00 UTC, PM me. Otherwise I will have the staff and the rooms etc. ready by then and will contact everyone personally. Since the best rooms are in short supply, please decide for yourself now, if you would like to have: A) a suite (Manor House 2nd and highest floor apartment with bedroom, living area, bath, and large balcony facing the sea - visible in the photo in the summit invitation) with butler service for 10,000m BTC; OR B) a single room in Manor House 1st floor with bath / single room in the conference wing (same price) for 3,000m BTC; OR C) shared room with another delegate with bath (included). |
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http://www.huffingtonpost.com/2013/04/16/bitcoin-taxes_n_3093182.htmlIt's 364 days until most Americans will once again face a deadline to file their taxes, but Teresa Warmke already has a plan for Tax Day 2014: She's going to skip the whole thing.
The treasurer of a limited liability corporation, Warmke has struck on what she celebrates as a novel way to avoid any audit trail -- and thereby any liabilities to Uncle Sam. Goodbye American dollar, hello bitcoin. “I owe no tax unless I 'sell' at a profit and I'm not going to trade them back for dollars, so there are no capital gains,” a user who identified himself as Joe Allen wrote. “I will trade them at a later date, which is considered barter.”
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Is it possible to legally protect buyer who wants to pay bitcoins for expensive goods?
The deal is not anonymous and will performed as follows:
1. Buyer wants to buy goods for $50,000 paying with bitcoins. BTC/USD rate will be determined at the moment of every transaction.
2. Seller requires 10% prepayment to reserve the item. Prepayment to be done with bitcoin.
3. After seller receives prepayment, he orders the goods from his supplier (will take up to 10 days).
4. When goods is ready for the transfer of property rights, buyer transfers the remainder of USD amount in BTC.
If deal cannot be completed, seller refunds the amount of bitcoins equaled to the amount in USD/BTC rate on the moment of prepayment. (ie. at the moment of prepayment BTC=$100, buyer transfers $5000 in 50BTC ($5000/100), at the moment of refund BTC=$200, seller refunds 25BTC ($5000/200) )
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(CNN) -- North Korea's leader has approved a plan to prepare rockets to be on standby for firing at U.S. targets, including the U.S. mainland and military bases in the Pacific and in South Korea, state media reported. SOURCE: CNN |
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 The most of circulating assets on our business Current Account are blocked. Over 700k of expropriated money will be used to repay country's debt. Probably we will get back about 20% of this amount in 6-7 years. I'm not Russian oligarch, but just European medium size IT business. Thousands of other companies around Cyprus have the same situation. The business is definitely ruined, all Cypriot workers to be fired. We are moving to small Caribbean country where authorities have more respect to people's assets. Also we are thinking about using Bitcoin to pay wages and for payments between our partners. Special thanks to: - Jeroen Dijsselbloem - Angela Merkel - Manuel Barroso - the rest of officials of "European Comission" P.S. The worst thing is, that even a month ago I was suspecting that things can go wrong. In February, I several times called my banker and lawyer and asked them if money on the account is safe, mentioning that article in Financial Times. But they convinced me that there is no reason to worry, and even if country goes default, in no way current accounts may be affected. "This is European Union and banks here can't just grab your money and go" I was told. I got a hard lesson and now I know the meaning of phrase "TRUST NO ONE".
[ 2013-04-01 11:32:19 PM Update ] Deposits under €100,000 in Laiki will be transferred to the BoC. All deposits belonging to credit institutions, insurance companies, the government and other public bodies such as local authorities and municipal councils will also be carried over to the BoC. The same applies for charity foundations, schools and educational bodies and deposits belonging to the country’s main bank card transaction agency, JCC Payment Systems Ltd. Depositors who move from Laiki to the BoC are not part of the haircut.
The deposits that will not be transferred to the BoC will be part of a bad bank that will undergo resolution, i.e. an orderly wind down. Although the money will be there nominally, depositors will not have access to their money for an indefinite amount of time. As the bad bank slowly starts tidying up its account books cash would start going into the accounts, but the depositors could lose a substantial part of their savings if the bad bank fails to fully recoup all of its bad assets, as expected by analysts.
Source: cyprus-mail.comNow we have untouchables whose accounts in Laiki Bank are not affected. This means that money expropriated from regular business, current and savings accounts will sponsor all other "tax exempt" accounts.
[ 2013-04-02 05:32:24 PM Update ] I have news from a law company who are now working on class action lawsuit filed by the depositors of Laiki Popular Bank and The Bank of Cyprus.
At this moment they are gathering information from affected account holders with over 100k EUR amounts and looking for legal grounds to appeal the seizure of funds.
Our attorney assumes that, with the current situation, it is most likely that the depositors of Laiki Bank will eventually lose 100% of any amount over 100K EUR.
Although legal research is not yet finished, lawyers suspect that the whole situation with bailout is contrary to the constitution of Cyprus and the European Declaration of Human Rights.
We have already had precedents where local Cypriot lawyers backed by influential business figures have already won some small victories.
I'm asking everyone, who has affected account in Laiki Bank or The Bank Of Cyprus, to contact me regarding participation in the class action by sending me private message.
[ 2013-04-04 07:37:24 AM Update ] Central Bank could face slew of lawsuits from depositorsLARGE depositors in Laiki Bank who face losing most if not all their money have warned they will take the Central Bank’s top brass to court if even one cent is taken out of their accounts.
The threat of legal action raises the spectre of the bailout programme unravelling in the courts, and slapping the state with massive sums in penalties.
A lawyer representing a number of large depositors sent a letter to Central Bank Governor Panicos Demetriades last Thursday warning that if a haircut of any size was imposed on their deposits held at Laiki Bank, depositors will file a private criminal case against the governor, board members, and certain CB officials for allegedly committing “a number of criminal acts and omissions”.
[ 2013-04-10 06:41:50 AM Update ] Today I've sold another part of my bitcoins and now I have money enough to completely pay off all our debts to customers and contractors. Thanks to Lady Luck and Satoshi Nakamoto for the resurrection of my business! I'm so inspired with bitcoin that I'm thinking about launching serious bitcoin related business project. Will announce it soon. [ 2013-05-30 09:22:23 PM Update ] The stealing of my money is now finalized.Yesterday I looked at my Laiki account and found that frozen amount is not more shown on my balance. 100% of frozen funds is now appears as outgoing transaction to nobody with comment "DECREE". Also there are some news from lawyers. The Supreme Court has not announced its decision yet. It examines preliminary objections raised by the Attorney on a basis that the Law and the Order are political acts of the state (like decision to start war) and therefore cannot be examined or controlled by the Supreme Court and that the matter in issue should be considered as a private and not a public law matter. Also, there is recent translation of the " Capital Controls imposing DECREE" [ 2013-07-10 10:49:23 PM Update ] "Blocked Funds" amount has finally disappeared from our Laiki account. Bank told me it's "waived" (their interpretation of word "stolen"). We won't receive any bank shares as compensation for confiscated amount since the bank is liquidated. The rest of the money (100k EUR) are still subject to Capital Control and we can only transfer 5K monthly. Today I had a conversation with a manager from Laiki Bank. He has been honest and confirmed that we may forget about anything over 100K as it's already spent to pay country's debts. Also, I was warned that the financial situation in the country is getting worse and worse and we should be ready to lose even part of insured (under 100K) money during this year (this is why they keep capital control enforced). By the way, this style of "bank restructuring" is going to be adopted in the whole European Union. Soon, everyone's uninsured money (over 100K EUR) in EU banks will be at risk of seizure./the material in this post can be used on any resources without any restrictions/ |
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It might be possible for large uninsured depositors to be "bailed-in" as part of the future resolution of a bank under a new draft EU law, the European Commission said on Tuesday, but savers with less than 100,000 euros at a bank would not be hit.
"At no point is it possible to bail in depositors under 100,000 euros, either now nor in the future," said a spokeswoman for Michel Barnier, the European Commissioner in charge of financial regulation.
"In the Commission's proposal, which is under discussion, it is not excluded that deposits over 100,000 euros could be instruments eligible for bail-in," spokeswoman Chantal Hughes told a regular briefing. "It is a possibility." SOURCE: http://www.cnbc.com/id/100591323Let's say thanks to those idiots from Euro Comission for couraging people to dump their bank deposits and move it into bitcoin. |
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I encourage everyone on this forum to spread information about Bitcoin by leaving comments to crisis related articles in the press.
It doesn't mean to spam stupid promo slogans like "euro must die, buy bitcoin!". Instead, we should write sane comments relevant to the published article, with a slight hint of bitcoin.
Also, don't try to explain in your comment what is bitcoin, unless you are explicitly asked by other commenter.
Just mentioning word "Bitcoin" in any context is enough to arouse the interest of the public.
To start, just search google for "cyprus news" or "euro crisis" keywords and select desired articles.
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Taylor More is selling his family’s bungalow with an asking price of $405,000 (that’s Canadian dollars) or 5,521 Bitcoins. He would rather have the Bitcoins.
The two bedroom room and one bath bungalow in Alberta, Canada, sits on 2.9 acres of land along the Crowsnest River. That part of the deal is easy to understand. Why More wants Bitcoins isn’t.
“I just really believe in them and once I read my first article about them, I was hooked,” said More, who is 22 and said he used to be a currency trader. “I can take control of my own money, I don’t have to worry about the government stepping in and taking it and freezing my account.”
Read full article on ABC NewsJust glad to see that Bitcoin is more and more popular among the leading news agencies. I hope that mainstream people will finally find BTC as safe haven for their assets. |
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Today I found that I cannot transfer money from my company's account in Cyprus (EU) bank. All money on all accounts are frozen until they debit 9.9% newly established "tax" to "support" rotten European economics. This is for real, I'm really losing 9.9% of my assets which fu*king EU will confiscate to patch their own economical mistakes  Angry crowds on streets in Cyprus are trying to withdraw something from their cards in ATMs. Nobody's money are secure in EU banks now. Just read news |
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