Regarding silk road coins, if you had around $1.809.000 and bough BTC for it, would you sell them straight away? I don't think so. Anyone buying those coins will be longterm holders.
I have this notion (please correct me) that government auctions of other kinds of property, such as cars and houses, generally are closed well below the respective market prices. It seems that the people who bid at government auctions usually include "professionals" who buy only to resell. Those people place bids significantly below market price; if there are no higher bidders, they have made their day; otherwise they just retrieve their deposit and move on to the next auction. People who are not "professionals" tend to be scared away by the bureaucratic requirements and the large deposit. Since there will be some delay between sending the payment and receiving the coins, the bidders will also have to factor into their bids the likelihood of the market price falling in that interval and then taking months to recover. In summary, it is by no means assured that the auction will close above market. I rather expect the opposite. The limited buyer group tends to insure that auctions go below market. Unless these coins are more valuable than others. The bigger the buying audience, the better the auction pricing and closer to market. |
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Eligius’s offline wallet now has roughly 200 BTC work credits held from the payout queue under the attacker's addresses, that we have stopped them from stealing.
This is fucking awesome! What an idiot, or bunch of idiots! At the current rate of $601.50 per BTC they have had to forfeit over $120,000. Ha ha ha ha ha! ROTFL!!!!! No matter what their attack actually accomplished, I am pretty sure it wasn't worth a cost of $120,000. I'm less confidant in that than you. Over $18 million in bitcoin moved in just the last day, $120K is less than 1% |
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including asking them to include a real name and location in the signed message, refusing to discuss it until they had done so. They eventually responded around the Memorial Day US holiday weekend So who are they? Someone with Hash power to waste on such nonsense. Current pool distribution. https://blockchain.info/pools?timespan=24hrs |
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What happened to Innocent until proven guilty? How can the government sell personal property until the case is adjudicated ? This is still America?
USAmerica has a Legal Tender law... |
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Than put it into "hall of fame" or FAQ or somewhere...dont revive it for fucks sake. Every fucking time i see this title, i think it happened again....
OK, changed the subject so that it won't confuse you if someone necros it again (so long as its a reply from this branch). Dispelling confusion wherever possible. |
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simple solution. bitcoin is not money.
bitcoin is an asset currency..
moving on
That solves everything so long as every judge and LEO in the state accepts your definitions without question along with the legal ramifications of it. I'll still be happier when that law is gone and there is nothing to enforce. Maybe then Bitsimple will do business in CA too. |
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from reading previous posts I understand that Mtgox is the owner of bitcoin trademark
when using this in a product like a medallion or chocolate coin or advertising does Mtgox require that the user seeks permission first?
Are fees or royalties due for such use?
Mt.Gox owns shit. Have a nice day and don't worry about it. If you doubt me, go to: USPTO.gov and do a search or two. Likely wouldn't expect to see anything there in the USA database. These are Japanese and EU trademarks. The Madrid Protocol worldwide database has them listed.... as deleted. That might be why the offer to sell them was recinded? And this: https://thebitcoinnews.co.uk/2014/05/29/bitcoin-sarl-cancellation-proceedings-on-ohim-against-tibanne-mt-gox-bitcoin-trademark/The company hopes to raise at least 100 million yen, or about $1 million, for a package including the Bitcoin trademarks in Japan and the European Union, the Journal quoted an executive of the company as saying.
It is also looking for a buyer for the domain name bitcoins.com, the paper said, adding it was unclear whether any money from the sale would be used to pay back the creditors of MtGox.
The executive said the company wanted to sell the trademarks because it had no use for them, the Journal said, without naming the company official.
Tibanne, a company headed by former MtGox chief Mark Karpeles, had its registration of the Bitcoin trademark approved in Japan in 2012, an AFP search of the online database of the patent authority showed. |
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One Hundred Million Giga Hash per Second! Holy mother of god!
This is actually a really interesting benchmark. I'd say the network is *approaching* secure. Another 10x-100x and I might be willing to call it. 100 PH is interesting because that's about what the NSA's new 60MW datacenter in Utah could generate if you fill the whole thing with 0.5W/GH ASICs. Obviously they're going to have to non-public datacenters that are likely a good deal larger, but still...the above observation shows that the network really is achieving a scale that's nearing real security. Sidenote: the growth-rate this past year has been astonishing. I recall when I first made the above calc, I thought it'd be years before we got here. Bitcoin's growth continues to impress me. The decentralization of the hashing is another issue. Otherwise folks wouldn't care about the NSA so much in the first place. |
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Blame me for not being loud enough of the issue.
And all of us who recognized it and aren't better than we are at shouting loudly into the right megaphones.
Too much polyana because we don't want to scare the new blood may be our downfall.
Awareness of the problems and addressing all of them in all the ways that make sense my lift us up.
WE are responsible. It is OUR protocol.
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let me mess with the supply a bit found a bag with a bunch of those rounds. probably for sale if you make an interesting offer Hello,
I got one "one gram silver .999 type1" and one "one gram silver .999 type2". What are these worse as the for the silver I just would get 0,66 USD - LOL
REgards
keep them, seen them for sale for a hundred each I'll offer a special hand-stamped Bitcoin Specie. The most recent is the pizza-day stamped commemorative. Silver weight for silver weight? |
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Don't we already have escrow?
Yes, and in some locations escrowing is a licensed vocation. So there is even regulation there for those that want it. We have more than sufficient regulations. |
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Companies in countries have regulations.
Bitcoin has code.
Bitcoin is not a company.
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Anyone can use it, unless Satoshi Nakamoto comes out and says you can't.
It is "prior art" for anyone else:
Trademarks, copyrights, and patents have different laws. The term "prior art" applies to patents. Trademarks do not have that concept. Also, trademark laws vary by country. Trademarks considered generic in some countries may still be protected in others. Yes, law is a matter of geography and I was being flip and cute with the "prior art" comment. I well understand the difference between patent and trademark  Something being legal, doesn't also make it right. Quite often the opposite is the case. |
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"obvious peak is obvious."
Nothing in the current markets is obvious unless you work for Goldman Sachs (of shit) or the Fed. Silver could obviously be driven lower but not for any logical reasons involving supply and demand. If the new iphone outsells android phones then it wouldn't be obvious to state that apple shares should drop 20%.
idk i'm relatively sure PM was in a bubble. I don't buy that "they" are totally warping the "paper price", banks shorted the PM bubble thats not manipulation thats just good trading... You do know that your taxes pay for their ability to do that manipulation? The bullion banks own the Federal Reserve, which has as its charter the manipulation of the value of money. The fed has socialized it debt burden as a part of the TARP deal, so taxpayers are liable for the loss if it goes against them, but they get the gains if its a win. So call it good trading, or manipulation or whatever moniker you like, the facts are that the trade is backed by the taxability of the US citizenry, which is backed by the ability to imprison any who don't pay whatever tax they decide to levy. |
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Not sure myself but thanks for sharing in my opinion when the name was trademarked it was so people could use it with free license Since they are asking for 1 million I'm not quite sure someone will want it Personally I wouldn't mind if Theymos bought the thing since were spending a million on the forum and we can ensure it remains free use to the community. That said it was trademarked when bitcoin was not a generic name so it might not even have that much value now. A spokesperson of Japan’s patent office says that owners of the trademark could sue anyone using the word without permission, but a judge would have to validate the claim. Anyone can use it, unless Satoshi Nakamoto comes out and says you can't. It is "prior art" for anyone else: Good suggestion. I made the B slightly lighter and the background slightly darker. Very slightly. The foreground is now exactly the same colour as the BC in the old one.
It's kind of OK if you can't easily read the B in the 16x16. At that size, you just need to see that it's a coin. It doesn't matter so much what's embossed on it, just that there be some detail there because it wouldn't look like a coin if it was a blank smooth circle.
It's slightly wider than tall because the dark perspective under it goes more to the right than down.
I finished and posted the 32x31 and 48x47 versions in the first message. I like the 48 a lot.
How does everyone feel about the B symbol with the two lines through the outside? Can we live with that as our logo?
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scenario 1:
Trader had 400 BTC at Mt. Gox in June 2011 (when it was at one point worth $32 per BTC).
Does that trader need to file a 2011 FBAR
Sorry for the Necro thread but the IRS just made it clear that the value of Bitcoins doesn't count towards the FBAR threshold. Rod Lundquist, BSA Senior Program Analyst at the IRS announced the policy guidance when asked about bitcoin during a webinar: “At this time, FinCEN has said Bitcoin is not reportable on the FBAR, at least for this filing season.” - http://coindesk.com/irs-no-bitcoin-reporting-fincen-foreign-banking-tax-formNow that still doesn't make clear if a Bitcoin exchange where you can have a cash balance (for buying bitcoins or for the proceeds after selling) is considered a financial institution. Thank you for your bold necromancy. I merely contemplated doing it.  There is also some clarity needed on FATCA, which seems to be what is causing many of the non-US exchanges to be avoiding US customers. |
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Castle Malla Bitcoin Supernode convocation. Malla, Estonia. June 27-29.
PM for invitations.
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So does a steeper incline mean more bids/asks?
Is this image bullish because it shows huge support or bearish because it shows huge resistance? I am used to level 2 bid/ask with stock trading just never seen a bid depth like the one posted...
You have to take the image in context. It's a bit steep on the asks at the moment. If the price has just moved, that can mean different things. At the moment, it just means there's some resistance. But many bids get moved so it doesn't necessarily mean much overall. It's fairly boring when things are static but when things start moving, you get to see a bit of the battle that's being played out. Bidwalls being eaten for breakfast, struggles, dumps, upsets, blood, sweat, tears, urine... When both sides deepen as they have recently, it usually means there's a fight brewing. Yes, when on the move, the side with the steeper wall tends to be the direction of movement. Other way around. Even moving, it is generally towards the side with a steeper incline. (More asks/bids) Edit: looks like that was what you said..maybe? Disregard then Yes, thank you for restating it. Price tends to move toward the steeper wall as it takes time for the orders to fill in behind the movement. |
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