Crypto X Change could offload a fair bit of Gox' business overnight if they went down. They're fully licensed and in compliance with Australian law, and international AML law.
Gox going down would be disruptive, but Bitcoiners must be used to that, right?
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Don't confuse power and influence with "being in charge." Big tech companies have power and influence, sure. But to say that "they are in charge" is a wild stretch. And even to say that anyone is "in charge" is a bit misguided. We live in a complex economy, with many interests pulling in many directions - governments, banks, financial companies, tech companies, influence groups, on and on. And even within these subsets, they don't always agree. Banks fight with each other, tech companies fight with each other. There is no monolithic power structure - though there are many powers to be fearful of.
On your other point, about a tech company buying a stake in Gox, I'm sure they will do such a thing when they wish to. There is no need for Tux to pursue these people, and doing so only makes Bitcoin look desperate for attention. Further, it is highly unlike a company like Google would mess around with the grey area legality of the Bitcoin world, at least not openly. It's too much trouble and risk for a large company.
It is small companies, and prescient VC groups, who will run this space for a while.
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If all exchanges shut down at once, good, then BTC wouldn't have a price and people would actually have to use BTC itself to buy stuff.
One of the silliest things I've ever read on these forums Sorry to hear of the closing, Jered - you're a gentleman and a scholar. I was always pleased with my Tradehill experiences. Can't wait to see what your team will build next.
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Lots of speculation on this, but it seems simple enough to me.
Paxum mentioned Mastercard was part of the discussion, as well as "other banking partners." Those people must understand Bitcoin is a threat. Very easy for them to say, "hey Paxum, please don't work with Bitcoin" and Paxum says, "okay." If it was a new government regulation, they would've pointed to it specifically so as to take the blame off themselves. No such specificity was mentioned, meaning its far more likely an internal policy brought about by pressure from their partners.
An open-source, fee-less payment system must scare the shit out of traditional payment network operators. If it doesn't, then they're not paying attention. Logical and reasonable for Paxum, at the behest of its influential partners, to drop Bitcoin.
As Yankee said... strap in and get to work. This is war.
Edit: just closed my account with them. THAT'LL show 'em.
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There won't ever be enough bitcoins for Iran to be able to use them
Your username is quite appropriate for the amount of sense your comment makes
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Formerly, Erik worked as Head of Communications for the largest real estate agency in Dubai, and also currently has his hands involved in several other Bitcoin-based projects like the well-known FeedZeBirds.com and the top-secret ::redacted for security reasons:: which should cause quite a storm later this year.
These kind of promises are happening more often lately, please tell at least a little bit when you're making these bold claims. Anyway, good luck Eric! Do you have Dutch relatives by any chance? 'Voorhees' sounds Dutch. Hi Koekiemonster - Actually that part of the bio was done partially in jest. Partially I'm sure I have many Dutch relatives, but I don't know any. Voorhees is very Dutch - a fact that every grocery store attendant seems to be aware of (and they inform me), but something I never learned until I was like 18 haha.
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Facebook has clearly been using digital credits already, so it could be considered prior art, and may invalidate Apple's patent.
The patent was from 2006 though =/ Seems a wildly broad patent - it'd have ramifications far wider than Facebook.
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Hehehehe... if Bitcoin is a company and Satoshi "founded it", and the btc's are thought of as shares in the system, then perhaps the Business Insider should've mentioned that Bitcoin outperformed any other corporation on their list in terms of 2011 price performance.
While I don't like to get caught up in the fact that Bitcoin can be a great speculative investment, I'm amazed that I've not yet seen any mention that "Bitcoin was the best investment in 2011 by an order of magnitude." Equities, bonds, commodities... nothing compared to Bitcoin from Jan 1 to Dec 31 in 2011. Every financial magazine in the world should have at least mentioned this interesting fact.
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FINALLY , TIME TO MAKE SOME FREE MONEY. Btw I have an account with 50k can i use it ? Update: Just used my old account Followers 10037 Successful Retweets 10 Earnings 1.5509925btc Last Payment Feb 01 I used to earn may more before it went down anyways , thanks Hi Abaaj, Yes of course you can use your 50k account. However if we see the followers are all fake or bots, etc. then we'll ban you for all eternity =) The payments haven't changed - they're always based on the CPM bid of the person who creates the campaign. If you think there's an actual math problem occuring, please send me a PM and we'll get it resolved.
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Hello all, Thankfully, Twitter has re-activated our FeedZeBirds application (they had disabled it a couple weeks ago and we had to take FZB offline since then). The site is now back up, and stronger than ever. Having now been vetted by Twitter, we are clearly in compliance with their terms and they're happy with our system. We've used the downtime to add a couple features: - Instant payment confirmation (your campaigns will activate immediately upon payment receipt - no need to wait for 6 confirmations now) - Stronger anti-spam measures (a backend system was built which vets many accounts automatically, and "greylist" accounts are manually vetted by us) - Boilerplate has been reworked and is shorter, now says: "#Retweet4Bitcoin #spon FeedZeBirds.com/xxxxx" (this means campaigns can now be 86 chars instead of 77) Please note that due to the issues with BTCinch dissolving, prior campaigns can no longer be funded with their prior payment addresses. Those campaigns will now simply run down until they're empty (they still show on the site). Promoters will need to create new campaigns, and will get new payment addresses for them. Our apologies for this inconvenience but it will be smooth sailing from here. Before Twitter pulled the plug, over 10,500,000 beaks had been fed via FZB, and over 370 btc paid out. Now that it's back, let's see how long it takes to reach 20m =) Thanks to the community for your support and enthusiasm with this project, and of course thanks to Ira Miller for his unmatched development work on this! FeedZeBirds.com
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add Bitcoin as a payment method
Bitcoin is a fiat cryptocurrency that is quickly gaining wider acceptance. I would like to see it enabled as an automated payment option. Is this FUD your doing? Curious as to what part of the statement is FUD. I don't see anything inaccurate about the bolded part. "Fiat" means "value by decree of government." Bitcoin is not fiat. It's a very important distinction - Bitcoin gets its value from an open market supply and demand valuation, not from any government or authority. Its value is earned by its attributes, not bestowed by force.
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I don't understand the technical details here... at all... but I find it fascinating to read these kinds of conversations. This stuff is so damn cool.
I'm confident from fiery debate, reason will emerge. As an onlooker, I'm continually impressed and bewildered by the brilliance, creativity, and passion of those developing the core of this new world.
Cheers to you guys.
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Concerned parents calling for the outlawing of small canons in 3, 2, 1....
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The infrastructure of the new monetary order is being built day by day. Love it =)
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I'd like to vouch for Ira here - I work with him on a daily basis and learned about this issue a couple days ago. Ira's been trying every option to get customer funds back... I can't believe Victor is acting like this.
I encourage anyone with an interest in this matter to contact Victor - be polite and professional, and try to get some information on what Victor thinks he's doing. At this stage, it's blatant theft of customer funds and Victor better come to his senses soon.
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LOL... not only did bitcoin NOT fail in 2011, it was a better investment than anything else on the planet - up over 1,400% for the year.
Hopefully we'll fail again this year!
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