That's silly.  But I very much resent the position they've put me in with regard to my creditors.  They've jeopardized the project I'm involved in.  I had to borrow money from my kids with minimum wage jobs to make payroll last week.  I will never forget this and when there are other options I will definitely leave them.

No, they are actually not paying people.  I am personally VERY affected.

I can confirm that Coinbase is delaying some payouts.  I have numerous bitcoin sales for which I've received nothing.  One of them should have paid into my bank account on Tuesday.

Here is what they are saying: "During one of our recent code releases, we experienced a rare instance in which some of the ACHs from this weekend were delayed. We are currently putting our Engineering resources on this to mitigate this from happening again."

They are handling it terribly.  Every person who responds to email had a different time when I would get paid until a big mass mail went out saying "next Friday" we will get paid.

This is jeopardizing some very important projects for me.  And it may destroy my reputation in my community.  Can't say how much I loathe Coinbase.

I knew that would be your answer, I just wanted to confirm it.  You are a man who has very strong opinions but doesn't have good reasons for having them.  Many of us have spent years researching these issues so encountering people like you is very familiar.  You are simply wrong about 9-11, Sandy Hook, and probably most everything in your mental landscape.  But there's absolutely no point in going into the details because your mind is made up before you know the first new thing about them.

You are either lazy, as in "I wouldn't want to have to rearrange my whole belief system to let this startling new information in, so I won't."  Or you are arrogant, as in "If there WERE such huge conspiracies then someone of my intellect would surely have figured it out."  Given the high opinion you've expressed of your mental faculties I'd say it's the latter.

I'd be willing to bet you are a software engineer.

Nutildah, what do you think happened on 9-11?

I think Alex Jones' role is to gather up the ignorant, patriot prepper community and soften them up for his survival products.  Dude's making a mint.

This is good for bitcoin, however, not a huge thing but good because his audience is huge.  So if just some of them buy some bitcoin that is very, very good.

BTW, he has put bitcoin off as long as he could because the owner of his network, Ted Anderson, owns Midas Metals, a gold bullion company.  Sort of like the Steve Schiff thing.

Nearly everyone here and on reddit is critical of Alex Jones, and there is A LOT to be critical of.

But I would bet that most of his critics believe the official story of 9-11, as an important example.  If you haven't figured out that was a false flag event (one of MANY) then go ahead and criticize Alex Jones because you are just another know-it-all, arrogant windbag.

Alex Jones is a deeply flawed man, but he IS talking about important stuff.

Your bank account is linked to coinbase, right?  You're not holding bitcoin elsewhere in an "offshore" account, right, so you're not using an actual wire transfer?  If you're just dealing with Coinbase then your bank will see where the funds came from and you should check with your bank what their policy is on bitcoin.  My bank was opposed to bitcoin and accepted the coinbase transfer one time only and I was warned not to do it again.

Too steep of a discount for me.  But if they are getting this price more power to them.

One observation: bitcoin is not liquid.  I have offered to buy a car with bitcoin in the Austin market.  I have had a localbitcoins ad up for almost a week now in the Austin market.  No one is contacting me.

Localbitcoins.com is disappointing.  I am attracted to localbitcoins because I want a smooth, anonymous cash transaction, and now that I've thought about it, I would be willing to give the buyer a good deal for this.  But the majority of action on localbitcoins seems to be among people buying and selling to nationwide customers and they're not offering very good deals.  For one thing, the transactions are not in cash, but in traceable, trackable ways that betray oneself to the antimoney-laundering-know-your-customer assholes.  (If I can do better by selling on an exchange, wiring to my bank, and paying tax then why wouldn't I?) 

Also, everyone is, for the most part, trying to scalp the other guy. In my opinion someone buying bitcoin for a moneypak should be paying full price and someone paying cash should get a discount but on localbitcoins the local deals are so silly I can't take them serious.  Why would I sell my bitcoin for $115? 

Sounds like localbitcoins is working well in a handful of cities, but it's broken in Austin.

Alrighty then, you all have been most helpful.  Such is the tenuous state of bitcoin that I am hard pressed to exchange them for real-world items, like cars and groceries.  Hopefully we will all look back on these times and laugh at the folly of it all.

Meantime, I am going to do a deep dive into prepaid debit cards and moneypaks and I will report back to you on what I find out.

Many thanks.

It is sounding more and more like there IS no way to convert moneypaks into cold, hard CASH!  Without first having to announce to the know-your-customer-we-are-anti-money-laundering people that you are receiving "moneypaks" for SOME service or product rendered.

Is that so?

Ah Hah!  Well apparently YOU know how to convert these "moneypaks" into packs of money by your earlier response to my question.  So tell me then, how does one do this??

Is there any way to convert these "moneypaks" to packs of money?

Okay, jerkey and scrapple it is.  The ganja I will keep for meself!

Now that I've bought land I definitely plan to sell food for bitcoin.  My farm will focus on high-quality, free range pork and chicken.  When the food forest crops come in we'll have many kinds of berries and fruits, and eventually nuts.

I need something that I can ship out to internet customers.  Any ideas?

Jbanna,
could you give more detail on the conference?  Presentations? Conversations?  Attendees?

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I would like to know how Matonis plans to appease the forces that want to "regulate" (control, neuter) bitcoin while at the same time protecting those aspects that make bitcoin extraordinary.

Also, since the Foundation appears to have attracted people with statist, regulatory inclinations what does it say about the organization that it has now installed him as its director?

Also, given that there are many prominent people in the bitcoin community that are pro-regulation as well as very many who are rabidly anti-regulation what future paths does he see?  No problem it will take care of itself?  Blockchain fork?  New darkhorse technology like zerocoin?

Let us remember, people, that "regulation" means being prevented from engaging in "crimes" that are UNAUTHORIZED.  You see, the anti-money laundering laws are intended to keep money flowing TO THE BOYS and no one else.  The purpose of such laws is to eliminate competition!

Do you know who Dick Grasso is?  He was the head of the New York Stock Exchange.  Here is a picture of Big Dick hugging a leader of the FARC guerillas in Colombia in 1999:



Why would the head of the NYSE be in a Colombian jungle hugging up a sweaty gun-toting rebel leader?  To make a deal to launder drug money through Wall Street, of course!  Big Dick said he was there to invite the rebel leaders up to New York to see capitalism first-hand and if you believe that you are, indeed, a statist tool.

But Big Dick's visit paid off because a few years later we have Wachovia Bank paying a trivial fine for nearly $400 BILLION of drug related money laundering:


Did you get that number?  FOUR HUNDRED BILLION!!

And then more recently HSBC gets away with laundering more billions of drug cartel money:

So, when Jennifer Shasky Calvery, Director of FINCEN says THIS:
we know what's going on, right?  She's either too stupid to know what her bosses are up to or she's in league WITH them!  I mean how can we pretend that FINCEN is interested in stopping money laundering when they let BILLIONS and BILLIONS get laundered right under their noses?

FINCEN is organized crime with a flag on the wall.  So for those who say "let's work with the regulators", you are now negotiating with the most bad-assed, ruthless criminal organization on the planet.  What kind of a deal do you think they will cut with you?