you said you Wanted to BUY A server? Shipped to you?
Yeah, you said you had a bunch of extra servers lying around, so I asked what price you would sell (and ship) a server for? |
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For how much would you sell one server? I have been thinking of buying one to play with?
Depends, what are you looking for? (asking price) I am not looking for a price, I am looking for a server  |
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For how much would you sell one server? I have been thinking of buying one to play with?
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Does the order the transactions appear also affect the resulting hash? That would be another dimension in which blocks can differ.
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I am opening a VPN Hosting company, We will charge 1btc per month.
1GB Ram
20GB HD
2MBPS 1MBPS UPLOAD
(will increase later)
We will have 10 slots available soon.
Sounds expensive for a VPN. How are you so much better than the other VPN services that you have to charge so much more? |
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Here is a little thought experiment for you:
Let's say the government shut down all the methods to get fiat in and out of the bitcoin exchanges but the exchanges themselves weren't touched.
Let's say that there was only one method you could move cash in and out but you were limited to $10 a day. It was still free, instant, and unlimited to move bitcoins in and out of the exchange.
What do you think would happen to the price?
People will get creative to move the bitcoins. Remember when there was a guy with a bunch of bitcoins, wanted to use them to buy an airplane? A group of investors who wanted to own bitcoins used their dollars to buy the plane, then traded the plane for the bitcoins. Large amount of bitcoins changed hands, no exchange involved. Maybe the price of bitcoins did not move upon the Liberty Reserve news because stuff like that is already priced into the market? |
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Not the stage crap but real magick? Who here is a sorcerer but is too embarrassed to talk about it?
Let's just watch the skeptics come in here with their reducto-materialism.
Not a sorcerer, but I have been developing my psionic powers. |
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Poem number 2
Peter Lambert: "some bitcoins for a poem !",
a chance to let my soul, at last, roam free.
Acceptance of his terms was his requirement
'Just whore yourself, and rhyme for liberty'.
But my soul's more than a few bitcoins sent.
I need no coins to prove that I can see.
"Don't complain" is Peter's awful contradiction -
But I'm complaining now, in rhyming poetry.
So despite the fact I contradict your terms,
please send thy bitcoins, post haste, to my purse.
1BTC1oo1J3MEt5SFj74ZBcF2Mk97Aah4ac
I might have to have a "contrarian" category just for you! Isn't that the bitcoin 100 address? |
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Before anybody bids on this you will have to prove you own these properties and have the right to sell them.
There is no reason you couldn't use bitcoins in a land contract. You can put whatever you want in a contract, as long as both parties agree to the terms.
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what is today bitcoin rate
About 8.3 USD/mB, how is that relevant to the current topic? |
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Even cash is debt; that's why they are Federal Reserve Notes, representing an IOU from the government to you.
And Bitcoin, big surprise is pegged to them. It's a closed system folks. Could you go into more detail on how bitcoins are pegged to USD? I look at bitcoincharts.com and I see that the exchange rate between the two floats around with great volatility, just about as far from pegged as one can be! I would be very surprised if he knew what a 'currency peg', or a 'closed financial system' was. Ok lets pretend... I have no idea, you explain it. Ok, this is going a bit off-topic... A currency peg is when the currency issuer sets a certain amount of some commodity or other currency for which the issued currency can be traded, usually by making a law concurrent to issuing the currency. So if your currency is pegged to gold, there is a certain amount of gold for which you will redeem units of your currency. Or if your currency is pegged to another currency, there is a decreed exchange rate for which they can be traded. Bitcoins are most certainly not pegged to anything. |
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If you sell $30000 worth of Euros and have the money deposited in your account, do you have to register as a MSB? If you sell $30000 worth of gold and have the money deposited in your account, do you have to register as a MSB?
Well, since I would have had to purchase the Euro's or Gold from somewhere with $USD, then exchange them back TO $USD, I am not sure how that is not acting as a money exchanger? Paying $USD for BitCoin -> Holding onto BitCoin -> Finding Buyers -> Selling BitCoin $USD Looks like a typical 'exchanger' to me. Why would you have had to have bought the Euros with dollars? There are plenty of other ways to acquire euros. If you go to a currency shop with your Euros you got from selling your car to a gentleman from Europe and exchange those euros for dollars, are you acting as a MSB, or is the shop acting as a MSB? |
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http://www.fincen.gov/financial_institutions/msb/definitions/msb.htmlMoney Services Business - The term "money services business" includes any person doing business, whether or not on a regular basis or as an organized business concern, in one or more of the following capacities:
(1) Currency dealer or exchanger.
(2) Check casher.
(3) Issuer of traveler's checks, money orders or stored value.
(4) Seller or redeemer of traveler's checks, money orders or stored value.
(5) Money transmitter.
(6) U.S. Postal Service.
An activity threshold of greater than $1,000 per person per day in one or more transactions applies to the definitions of: currency dealer or exchanger; Or does this only apply to the exchanges? So if you and Joe Schmoe from down the road exchange $2000 for 20 btc, both of you are required to be registered as MSB? |
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Consider this scenario:
You have about 250 BitCoin and you want to sell on CoinBase or where ever. You sell all the coins and cash out @ current market value of $36,660. Everything goes fine, you report the income on your taxes, but then you are the unlucky 1.2% that gets audited. The IRS sees that you reported the income which is great!, but that you are not registered as a "Money Service / Transmitter Business". Do you have to be registered? Is this a FiCEN requirement for selling BitCoin? Does this only apply if you are running a "business"?
I wish that this statement applied to me, but I only have 1.5 BitCoin. I know A LOT of people selling like this and read about it all the time.
If I understand the FinCen guidance, just selling your bitcoins for fiat makes you a user of the currency and therefore you do not have to register as a MSB. If you were running an exchange, then you would need to be registered. Consider possible simmilar situations of having sold other investments: If you sell $30000 worth of Euros and have the money deposited in your account, do you have to register as a MSB? If you sell $30000 worth of gold and have the money deposited in your account, do you have to register as a MSB? |
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https://www.dwolla.com/tos#conductI guess your idea would qualify as "money service", as you do not decide where you actually send the transaction to, but let others decide on that and act on their behalf. It would be a neat service idea and probably needed and so on, BUT (and that's a big but!) it is impossible to do this on a larger scale (meaning above a few hundred USD per year) without drawing attention from Dwolla. You need their approval to act against their TOS, so probably you should start founding a company instead of asking as a "regular user" in the first place, to be taken a bit more serious. I think we already mentioned you would need "written consent to operate or engage in any business regulated by FinCen, including the money service business" as in their ToS. Once you had that written consent you would not have to worry about Dwolla coming after you. Framing this as a business would be the best way to do it. That would allow raising of capital, making things more liquid. Having a business set up would also allay some of the trust issue; people understand they have to send first to a business, but many people are reluctant to send first when dealing with some random guy on the internet. |
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Go ahead, get your Dwolla account frozen or seized.
There is zero chance that Dwolla will accept this, and even if somehow they approve it (without consulting their legal team) you will probably be charged with facilitating money laundering in 6 - 18 months of time. Have fun.
If you are not in the US and don't use a US service, then add a few years.
Did you read the OP? I am not sure if the person running this would have to be licensed as a US money-servicing business(MSB)? They would also want to clear it with Dwolla as well.
Even if somebody could set this up while not licensed as a MSB, I am sure there are plenty of other hoops they must jump through with the US gov. |
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I wonder how long it'll take before a bitcoin will be worth enough to buy an inexpensive computer. I'm thinking of my computer, which cost me $650 when I bought it in 2011.
I was just at a little computer shop yesterday, I was asking about their used computers. You can get a nice used computer and monitor for the price of one bitcoin. |
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rLwdxp421fHN4afFj6doZ4F9mxPMhJ3PWW
Didn't read the title and OP? This is over, why are you posting your address? |
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Shoot, I voted XBT and then realized you are trying to change what XBT stands for. XBT should be 100 000 000 satoshis, it is an ISO compliant alternate to BTC.
For small values I like to use mB as the abbreviation for millibits. For places like exchanges they should use the XBT to fit in with USD and JPY and GBP and XAU. For websites selling small items they can use mB which is more casual and results in less leading zeros.
You claim that traditional currencies are limited to two decimal places, but there are at least a couple currencies which use three decimal places. USD used to go to three decimal places but has been inflated to the point where the third place is no longer used and the second decimal place is pretty meaningless.
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