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1  Bitcoin / Bitcoin Discussion / Re: Apple introduces new mobile payment service "Apple Pay" on: September 09, 2014, 09:24:55 PM
Quote
Do you guys think this might destroy bitcoin?

NFC and Bitcoin is a great combo and apple's adoption will finally drive NFC mainstream (also get people used to paying with their smartphones), so no, not at all
2  Economy / Service Discussion / Re: MTGOX: Check your balances on their website on: March 20, 2014, 11:10:22 PM
Yes me. 2 SEPA withdrawals which are not shown in the mtgox balance but also never arived to my bankaccount.

well, they found my cash on it's way out, cancelled the withdrawal, and put it back in their dungeon... so on the upside they've now got it, and on the downside they've now got it
3  Economy / Service Discussion / Re: MTGOX: Check your balances on their website on: March 18, 2014, 06:29:49 PM
does anyone else have a SEPA fiat withdrawal in progress - where the money does not show up online (presumably as it officially left the account into their withdrawal queue) but also has not arrived in the receiving bank account ? How do I tell if it got as far as Poland ?
4  Bitcoin / Legal / Re: Selachii LLP Law Firm's Initial Gox Plan on: March 13, 2014, 06:33:20 PM
I note from the US release a couple of hours ago that the swift US chapter 15 bankruptcy was with the express purpose of stopping a US class action set of creditors gaining precedence over normal creditors and preventing fair repayment to creditors under japan's civil rehabilitation thing - and if I've understood correctly tomorrow a US hearing will decide whether paying 75k to US lawyers to make sure that chapter 15 protects assets from being frozen by the US class action guys is reasonable (i.e. in the interests of all creditors not just some)

so my question for working out whether selachii is worth it - is what's the equivalent for a UK led class action ? does chapter 15 in the US also protect the assets from the selachii club ?

and today it seems the US class action guys won and got the assets frozen first. Does this mean that some creditors are now more equal than others* ? Where does this leave joining up with selachii ? are we all supposed to join chicago ? any ideas ?

*ref : george orwell
5  Bitcoin / Legal / Re: Selachii LLP Law Firm's Initial Gox Plan on: March 12, 2014, 10:41:25 PM
I note from the US release a couple of hours ago that the swift US chapter 15 bankruptcy was with the express purpose of stopping a US class action set of creditors gaining precedence over normal creditors and preventing fair repayment to creditors under japan's civil rehabilitation thing - and if I've understood correctly tomorrow a US hearing will decide whether paying 75k to US lawyers to make sure that chapter 15 protects assets from being frozen by the US class action guys is reasonable (i.e. in the interests of all creditors not just some)

so my question for working out whether selachii is worth it - is what's the equivalent for a UK led class action ? does chapter 15 in the US also protect the assets from the selachii club ?
6  Bitcoin / Bitcoin Discussion / consumer pull on: September 30, 2013, 08:02:31 PM
http://www.bbc.co.uk/news/business-24330394

http://www.bbc.co.uk/news/business-23598832

one of the demonstrators said without the money transfer companies, every aspect of his family's life would suffer: "There are no banking systems so that you can transfer money from one bank to the other. There is absolutely no other way other than the money transfer companies.

"It will affect my family because whether it's education, food, everyday living - if that money is not there, then clearly they won't be able to eat, they won't be able to educate themselves, they won't be able to do anything, so it's just allowing somebody to die."

surely bitcoin can help here ? how do we make it easy for the senders and receivers / let them know ?
7  Bitcoin / Legal / Re: Bitcoin legality across the globe on: July 29, 2013, 11:00:01 PM
surely UK counts as legal, what with HMRC telling you how to deal with tax etc

http://www.coindesk.com/hmrc-uk-bitcoin-exchanges-dont-have-to-register-under-money-laundering-regulations/

http://stirling-westrup-tt.blogspot.com/2011/06/tt-ns-2815-future-of-money-series.html

https://bitcointalk.org/index.php?topic=145972.msg1827953#msg1827953

8  Bitcoin / Bitcoin Discussion / Re: XBT > BTC on: April 18, 2013, 08:41:26 PM
snap. that venture capital chap thought valuations should go up by 30x if the sort of use cases an international currency code would merit came into being. (about 3 USD per mBTC)

time to make the jump now and apply for XBT to be a millibitcoin ?

(yes you could do satoshis too but seriously, when's the last time you divided something by 10^8?)
9  Economy / Trading Discussion / Re: What is the legal standpoint around buying Bitcoins in the UK? HMRC etc.. on: April 13, 2013, 11:43:38 AM
I just called HMRC about this (13th April 2013), to at least tie down capital gains vs income tax for a personal investment in bitcoin

The first advisor had not heard of it but passed me to someone who had.

The advice was very clear. For a UK taxpayer buying and selling bitcoins :

"buying and selling Bitcoins using your own money definitely comes under capital gains tax"  
HMRC telephone advisor 13th April 2013

The advisor explained that it is treated like buying and selling a foreign currency.  

I asked if it would ever come under income tax and the answer was 'only if you were using other people's money to buy and sell, for instance running an investment scheme' - (not that pirate at 40 cares I imagine:-)

We didn't discuss mining income, or VAT for businesses

Thought this might be useful for others. Of course I can't guarantee you'll get the same answer from a different advisor at a later date but this was at least a very clear statement of HMRCs current policy.
10  Bitcoin / Legal / Re: UK tax in relation to bitcoin on: April 13, 2013, 11:31:33 AM
I just called HMRC about this (13th April 2013), to at least tie down capital gains vs income tax

The first advisor had not heard of it but passed me to someone who had

The advice was very clear. For a UK taxpayer buying and selling bitcoins :

"buying and selling Bitcoins using your own money definitely comes under capital gains tax"
HMRC telephone advisor 13th April 2013

The advisor explained that it is treated like buying and selling a foreign currency.  

I asked if it would ever come under income tax and the answer was 'only if you were using other people's money to buy and sell, for instance running an investment scheme' - (not that pirate at 40 cares I imagine:-)

We didn't discuss mining income, or VAT for businesses.

Thought this might be useful for others. Of course I can't guarantee you'll get the same answer from a different advisor at a later date but this was at least a very clear statement of HMRCs current policy.
11  Economy / Speculation / Re: BTC pricing models on: April 06, 2013, 04:38:31 PM
ok i get it, it gives you a buy or sell snapshot

as far as training can't you use the three years of daily data we have historically ? or do you need more than that / consider the first couple not high enough quality ? would be interested to see more snapshots when you consider it trained
12  Economy / Speculation / Re: BTC pricing models on: April 05, 2013, 09:31:14 PM
don't worry this market's immature and volatile too - would be impressed if the same model worked for standard FX and BTC at the moment !

forgive my lack of quant knowledge, how much ahead of some historical data do you try and predict an 'output' ? A tick ? A fixed time period ? i.e. how far ahead is the model designed to look ? It looks from the close tracking of external events like it can't be much more than a day or two ?

13  Economy / Speculation / Re: YEEEHA! Here we go, UP UP UP! on: March 21, 2013, 09:36:18 PM
sell your sole, and buy more bitcoin!

when you put like that it does sound a bit fishy
14  Bitcoin / Mining / Re: 4 fresh blocks broadcasted in a single minute on: March 20, 2013, 08:46:14 AM
And they all happened to come from the same unknown person.
if you're working out probabilities this might be important, use total number of miners to factor it in
15  Bitcoin / Development & Technical Discussion / Re: Bitcoin Credit Cards: How to create a POS device? on: March 13, 2013, 11:43:04 PM
What about such a way:

Alice has 9 addresses with 1, 2, 4, 8, 16, 32, 64, 128, 256 mBTC. This lets her to pay any amount from 1 to 511 mBTC (for example, 50 mBTC == 32 mBTC + 16 mBTC + 2 mBTC). When she purchases an item she enters the amount on her smartphone and it displays 3x3 matrix filled with QR-codes. In our example only 3 codes will be displayed, so the seller scans them and signs the transaction. If Alice goes to other department she uses other 9-addresses set. The software can build such sets on the fly using one special account with all her pocket coins.

So? Seems to be paparazzi-proof.

this
16  Economy / Speculation / bitcoin all time high on: February 26, 2013, 02:44:22 PM
slightly preemptive thread, but first can we confirm that the view of the forum is that the previous high was recorded on June 8 2011 at mtgox as 31.9099 USD ? anyone want to admit to buying at the top ?

edited to the prevailing view
17  Bitcoin / Bitcoin Discussion / Re: APOD - Anonymous Physical Object Delivery [PDF] on: February 26, 2013, 02:33:07 PM
I was told today that in Hungary you need approval (renewed monthly?) to pay employees in cash rather than wire transfer.

sounds legit.

(booooom)
18  Bitcoin / Bitcoin Discussion / Re: APOD - Anonymous Physical Object Delivery [PDF] on: February 26, 2013, 12:48:16 PM
The primary issue is with insufficient obfuscation of the block chain. Consider Joe Sixpack who receives his salary in bitcoins (for now ignore that some countries have already made that illegal).

what countries have made it illegal ?
19  Economy / Service Announcements / Re: bitinstant paycard on: October 30, 2012, 09:12:17 PM
bad communication!

What bad communication?

I hope yankee responds to my pm about bitcoin-bitcoin transactions ;_;

Sure, I don't see a PM yet, but will be online for the next few hours.
I was asking if there is a way to do bitcoin transactions using the card, not just btc-usd/whatever. Maybe like an RFID tag in the card. Maybe merchants would start accepting bitcoin directly if they saw enough people use the cards

Hmm, thats a good idea. I doubt MS or Visa would allow us to alter their cards, but maybe an RFID sticker?

Throw me any suggestions!

um... have you tried asking your card provider about their contactless product line ? I'll bet a bitcoin they've got one, that'll do your nfc stuff for you. sticker wouldn't be any good unless you connected it up to the chip but that would be *much* harder than just getting their contactless enabled chip (which will also be PCI compliant, at least until you install a bitcoin app on it)
20  Bitcoin / Bitcoin Discussion / Re: Hardware Bitcoin Wallet on: October 06, 2012, 10:16:50 PM
So, I have an idea for a secure, cheap and easy to use "hardware wallet".

It will be a small USB stick with a display and two buttons
Expected price: USD 12-15
More info: https://bitcointalk.org/index.php?topic=115294

good idea on securing the display and not trusting the PC OS. But I think your bill of materials (BoM) cost will be closer to $12-15 - so at your potential volumes you might need to retail at more like $40-50 in order to cover your development, production, tooling, and distribution costs and make a dollar per device for yourself. Just a heads up. Also if you open source your software the only intellectual property you've got left is in adding the display to the device nicely (which usb stick providers don't do because it would make the product too expensive), so watch out for competition too...

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