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21  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are Tokens illegal in the USA? on: July 22, 2017, 08:25:29 PM
Everytime when I want to buy there is a small box I have to tick to confirm that im not a US Citizien.
Could someone explain me that? (EOS Tokens are a good example)

SEC: Securities & Exchange Commission
https://en.m.wikipedia.org/wiki/U.S._Securities_and_Exchange_Commission

 ICO's operate similar to securities. The owners of ICO's (usually foreigners) don't want to jump through all the legal hurdles of the United States and it's many regulations. These regulations are in place to protect us investers (from broken promises). Initial coin offerings promise tokens that supposedly secure a profit/reward/guarantee of benefits. The U.S requires receipts (proof & registration) if you want to sell these securities.

Are ICO's securities? Yes & No (quantum state of superposition)

You have now entered the twighlight zone (Legal Gray Area of Law) where things are never quite what they seem. The only way to navigate this zone, is to strap in, put on your extra dimensional space helmet, and proceed with caution. These are shark infested waters. You'll need an elite fisherman (financial lawyer) to navigate this sea of complexity.

All satire aside though! Read this below
https://steemit.com/steem-project/@picokernel/adventures-in-the-sec-almost-all-icos-are-illegal

https://news.bitcoin.com/legality-of-basic-attention-token-and-other-icos-called-into-question/

Good luck, God speed, & Stay safe!

Any donation received is greatly appreciated!
Btc: 1CeBDYB3uaaYZ3bMKTvfEc1EHiskQ8Tdp


I'm aware ocbeverything you wrote and agree.

The dude disagrees with the land of the free and thinks it really be should be the land where you are free (to do what you want).  US govt disagrees with the freedom I think defines freedom.

You know. Fuck it man. I'm going bowling.

Dude.
22  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are Tokens illegal in the USA? on: July 22, 2017, 05:00:30 PM
Everytime when I want to buy there is a small box I have to tick to confirm that im not a US Citizien.
Could someone explain me that? (EOS Tokens are a good example)

Because math.

Because tyrany.


Not really. American economy is very rigid against uncertainties. For tokens, there is no real team behind them and in their white papers, there are interesting expressions like "holding XXX tokens does not make you own the shares of the company" just what the hell. I support USA in this way, they're right.

I don't like nanny states. People should be able to make their own decisions, smart or not.

You know, America, land of the free, etc.
23  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are Tokens illegal in the USA? on: July 22, 2017, 04:42:17 PM
Everytime when I want to buy there is a small box I have to tick to confirm that im not a US Citizien.
Could someone explain me that? (EOS Tokens are a good example)

Because math.

Because tyrany.
24  Alternate cryptocurrencies / Altcoin Discussion / Re: If a Fork happens Ethereum could GAIN DOMINANCE as #1!!!!! on: July 20, 2017, 08:21:35 AM
This is getting all too crazy! If a fork happens, this could cause the market cap to split into two and increases the chance of ethereum being in the number one spot for market cap! Any thoughts on this? Forking also creates 2 brands of an original item. It almost like Nike clothing splitting and they rebrand themselves as Nike Classic and Nike Modern. Which one does the uneducated consumer buy?



Market cap maybe, but not store of wealth. Ethereum has unlimited coin creation so it's like the FED and Vitalik is like Janet Yellen.

Rubber hoses and the Russian military (or any valid life threat to Vitalik) unfortunately can change Ethereum
25  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What is a better investment right now, ETH or LTC? on: July 17, 2017, 02:57:00 PM
LTC rises while ETH drops or ..  Huh
What do you think?

Don't buy Monero / XMR.
26  Bitcoin / Bitcoin Discussion / Re: What are the best wallets to hold bitcoin through agust 1? on: July 15, 2017, 08:25:41 AM
Read around the forum, you'll find a lot of opinions.

The traditional thinking is if you have control of your wallet's private keys you'll be able to select which coin version to proceed with your balance, should a hard fork occur. So paper and hardware wallets fall into that category.

Some online wallets and exchanges have produced what their intent is, what they'll offer their customers, how they'll handle the various outcomes...but one can never be 100% sure that reality unfolds as planned.

Keep in mind that if/when Segwit is signaled on August 1st it will take through November for all nodes (or the majority required) to adopt Segwit. So where ever you leave your coins plan to leave them there through November.

Good luck to you!

https://bitaddress.org
27  Bitcoin / Bitcoin Discussion / Re: BIP38 encrypted paper wallets on: July 13, 2017, 05:46:02 PM
I made some paper wallets recently using bitcoinpaperwallet.com's offline generator.  I tested decryption right after i made them and they opened just fine.  After a few days, I try to open the same one again with the same passwrod, and it says invalid passphrase.  This has happened before but I thought it was me forgetting the password.  I don't think this is the case now.  I'm wondering if anyone else has noticed this and what the solution is. This happens with both bitaddress.org and bitcoinpaperwallets.com (and makes sense as they both use the same code).

I too have some from years ago and i am fairly sure I had the correct password but no go.

Let me know if you figure it out.
28  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Best coin to invest aside from Bitcoin on: July 13, 2017, 06:32:17 AM
I really want to invest in cryptocurrency, but i think btc price is so high for me. I want to invest in a coin that is stable but with a much lower price. I mean super low, so that i will profit in the years to come. Im new in learning crypto so i hope someone will give me an advice. Thanks a lot.

Don't buy Monero (XMR).
29  Bitcoin / Bitcoin Discussion / Re: Will it be safe to store coins on the Omni wallet if BTC forks? on: July 12, 2017, 06:27:47 PM
I am not completely sure how the Omniwallet works, but I know you can store some other coins besides BTC on it, like MaidSafe and Tether etc. But what would happen if storing these coins on a bticoin Omniwallet address and Bitcoin would fork? Would that somehow "mess up" things and could you lose these other coins? I don't really know the techinals on how all this works so it has made me a bit confused and worried.

It's fine. Just make sure you update your Omni Wallet Core if they release one due to a fork.

It will function as normal with the fork of their choice
30  Bitcoin / Bitcoin Discussion / Re: Software Engineer Buys 20,000 BTC in 2010, Quits Job to Travel Around Globe on: July 11, 2017, 04:22:52 PM
The recent meteoric rise of Bitcoin and other cryptocurrencies has led to the appearance of some unlikely millionaires.  A recent interview by Forbes magazine shows just how powerful Bitcoin has been over the course of the past decade for those who invested early.

The interviewee, a former software engineer in Silicon Valley, asked to remain nameless. However, he did explain that he started purchasing Bitcoin in 2010 after doing some research. He decided that the purchase should be sizable enough to provide some real upside, should Bitcoin ever increase in value, and so he bought $3,000 worth, or, at the time, 20,000.

When the Bitcoin price really started to jump, he made his first sale of 1,000 Bitcoin, netting him $2.6 mln. Since then, he’s quit his day job and now travels the world, flying first class and staying only in five-star resorts.

After explaining his multiple sell-offs, and the $25 mln in profits he’s realized thus far, he explained that he sees Bitcoin values at $150,000 in the long term. “I really do think it will get there,” he says confidently, "But a lot of governments and companies will have to be on board, first. No amount of speculation in the world will push it that high.”

In 2010 that was just enough Bitcoin for 4 pizzas
31  Bitcoin / Bitcoin Discussion / Re: Bitcoin (Bitpanda) at the AUSTRIAN Post on: July 11, 2017, 12:50:07 PM


Bitcoin, Ethereum & Co ab sofort in allen Postfilialen in ganz Österreich
 
 
Bitcoins nun auch bei der Post.

„bitpanda to go“ ermöglicht schnellen, sicheren und günstigen Zugang zu Bitcoin und Co.

Mit „bitpanda to go“ kann man ab 10. Juli 2017 österreichweit in allen 1.800 Post Standorten einfach, sicher und vor allem günstig Bitcoins und andere digitale Währungen erwerben. An diesen Standorten kann man Bargeld in Bitcoins im Wert von entweder 50 €, 100 € oder 500€ umtauschen. Man erhält einen Papierbon mit einem Code, welchen man auf bitpanda.com/togo eingibt. Dort sind auch die aktuellen Umtauschkurse der jeweiligen Coins ersichtlich. Jene Preise sind final und es kommen keine weiteren Gebühren dazu.

Ein Account mit einer E-Mail Adresse genügt. Nach der Eingabe wählt man die gewünschte digitale Währung wie z.B. Bitcoin, Ethereum, Dash, Litecoin aus und blitzschnell wird der Wert in der gewünschten Währung in die Wallet übertragen.
 
 


Vielen Dank!
32  Alternate cryptocurrencies / Altcoin Discussion / Re: Call the bottom!!! on: July 11, 2017, 10:09:56 AM
You are a dreamer if you think XMR loses another 70%. Only purpose of this thread to FUD XMR so you can buy in?

Well, yeah. Duh.

Haven't you heard?  Don't buy Monero. Pass on the message.
33  Alternate cryptocurrencies / Altcoin Discussion / Re: Call the bottom!!! on: July 11, 2017, 10:08:15 AM
My magic predictions:

(USD)
BTC = $1600
DASH = $85
ZEC = $65
ETH = $115
XMR = $8

But why?!?!?!?

Top ten theories:

1. AMD and Nvidia created altcoins to sell GPU's.... and they're fresh out.
2. The CIA is finished laundering their money for the year
3. Russia hacked all the coins
4. The Bitcoin ruling counsel is stabbing each other with forks
5. Dennis Gartman thought Coins looked like a buy
6. The Trump-Coin ICO is diverting all the money away from other coins
7. Stephen Hawking thinks coins will destroy the earth
8. Global Warming is caused by hot coins melting the polar ice caps
9. Central bankers couldn't figure out how to print Debt-Coins and sell them to governments everywhere
10. Without Dave Letterman, a good "top ten reasons to buy Altcoins" doesn't air on TV and people forget all about altcoins.

-DE

 

Nice list. Who is Gartman? What does he do?
34  Bitcoin / Bitcoin Discussion / Re: Bitcoinaddress.org wallet backup on: July 07, 2017, 06:11:52 PM
So I created a wallet at bitcoinaddress.org to send some maidsafe coins to it. I am able to check my balance of maidsafe coins by entering the address that I had generated using bitcoinaddress.org at omniwallet.org but am not able to use any mobile app to restore the wallet using the private key or even by scanning the bar code that was generated at bitcoinaddress.org. Long question short, how do I restore an already existing wallet that was created using bitcoinaddress.org
Please help!

I'm not aware of that website. Are you sure you're not looking for the old and trusted bitaddress.org?
35  Alternate cryptocurrencies / Altcoin Discussion / Re: How to store Tether? on: July 06, 2017, 09:06:50 PM
I am thinking of maybe putting some profits into Tether to "secure" them, but do they have a wallet for Tether, or how are you supposed to store them? I see they have some sort of mobile app, is that the wallet? Most people I have talked to does not recommend mobile wallets?
you have to download and run Omni Core Wallet.

It's a clone of Bitcoin QT that supports all Omni protocol coins if which Tether is.

Omni is to Bitcoin what a token is to Ethereum.
36  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Creating a New Coin Legal in the US? on: July 05, 2017, 06:12:30 AM
Just want to get some opinions on this at this point.  There are tons of new coins coming onto the market, new ICOs every day.  I'm not sure how many of these projects are based in the US.

I suppose there are two flavors of this question:

1.   The legality of a new currency or token created by an open-source project run by a foundation in the US.

2.  The legality of a new currency or token created by a privately held company un the US.

I notice for example that Veritaseum, a privately held US company, talks about Vertitaseum being a token to purchase services.  No insult intended, but is that just a smokescreen for acting like a currency to work around US law?

I wonder if you are running an ICO, and you only accept Ethereum, are you raising actual money, which would then fall under SEC rules, or are we in wild west of unknown territory, and therefore completely unregulated?  Seems like you could make a case that Ethereum is not money...

As a programmer/writer/entrepreneur, I'm new to this space, so sorry if these are obvious questions.  I find it fascinating and am considering putting a project together...  

Also, sorry if this thread is in the wrong category, I tried to delete to find a better fit, but couldn't...



Math is not illegal in America yet not us exchanging money for numbers.
37  Economy / Speculation / Re: Could Bitcoin price increase to $1 Million one day? on: July 03, 2017, 06:34:31 AM
Impossible, if price wants to hit $1M/bitcoin that means a lots of difficulty increasing to a point where for mining a single coin you'd have to launch 1000 ASICs for 1 week to mine it, people would rather mine other coins which costs much less to mine.
It doesn't make any sense for the price to reach that highs but I think $50,000 is still a reasonable milestone to reach.

Your thinking about it all wrong. USD also has a huge risk of quickly loosing value even if Bitcoin does not gain in value (vs gold, land or food) for example.
38  Bitcoin / Bitcoin Discussion / Re: Seems Bitmain/Hashnest is banning ALL USA from using there services now on: July 03, 2017, 06:14:57 AM
Just went to send some ltc to my hashnest litecoin account and got the following, "Due to regulatory concerns beyond our control we cannot accept deposits from the State of New York."

Seems the idiots cant ip block, instead of just banning New York customers there just banning all United States customers.. Real smooth there Bitmain, copy and clone all our software/movies/music/etc but this one New York ruling got you scared?

Icon



Their prerogative, man. USA govt is hostile. Biggest murdering firm in the world.

The dude does not abide. This aggression must not stand.
39  Bitcoin / Bitcoin Discussion / Re: IMF.org - Virtual currencies are not likely to be adequate stores of value. on: July 01, 2017, 07:29:04 PM


A new warning from IMF:

Quote
First, the potentially erratic valuation of virtual currencies introduces risks and could
limit the adoption of hub-and-spoke networks, at least for large value payments.
He and
others (2016), for instance, argues that in their current form,
virtual currencies are not likely to be adequate stores of value
given the volatility in their exchange rates to fiat money
.
This same volatility would undermine hub-and-spoke networks, as two “foreign exchange rate” conversions are
needed: when the token is acquired, and when it is sold.
Even if the virtual currency is held for very
short periods, the transaction involves foreign exchange rate risk. ...

 http://www.imf.org/en/Publications/Staff-Discussion-Notes/Issues/2017/06/16/Fintech-and-Financial-Services-Initial-Considerations-44985

That's just, like, their opinion, man.

Our opinion is that national currencies are not an adequate store of wealth.

Wink
40  Bitcoin / Bitcoin Discussion / Re: Lightening Network is a Trap. on: June 30, 2017, 05:38:51 PM
Lightening Network is a Trap?


Just finished reading about Lightening Network on the Internet, to be frank, am not comfortable with what I just saw.
Am beginning to think that Lightening Network is a Government tool or idea to have total control of all Bitcoin.


My questions:
1. Seems like only Signed Contract will be passing through Lightening Network and not the Bitcoin itself, right?

2. Will government be able to cease people's Bitcoin after implementation of lightening Network if they wish to?

3. Is Lightning Network implementation mandatory or just optional?


Here are what am sure will happen if Lightening Network is mandatory:   

* Government will be able to Monitor all Bitcoin transaction.

* Every single Bitcoin company will be forced to obtain license before using the Network

* Finally,  Government can able to stop all Bitcoin transaction any time & as long as they want.


It might be. Good thing we can just ignore it.
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