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1  Bitcoin / Project Development / Research Assistant needed for Documentary about Cryptocurrency on: February 12, 2014, 03:59:34 AM
We are looking for a Research Assistant to conduct background research for a documentary film in preproduction which documents the global impact of cryptocurrencies, and the future of virtual money.  The film is tentatively titled Invisible Money.  The position entails the following two responsibilities:

  • Three times a week:  Conduct an hour or two of research into an assigned cryptocurrency/bitcoin related topic, and write up one or two paragraphs summarizing the research.  Your summary will sometimes be posted to the blog: http://invisiblemoneydocumentary.wordpress.com/
  • Every Friday:  Write up a paragraph or two about the most interesting thing that you've learned about cryptocurrency/bitcoin during that week.
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The position is unpaid, and the Research Assistant will be credited in the film as either Research Assistant, or Social Media Manager, depending on how the role evolves, and depending on the interests of the Research Assistant.  In later stages of production, we'll be hiring a Researcher who will be paid in BTC or $ depending on their preference, and who will be credited in the film as Researcher.  The Research Assistant will be among the first considered for the position.

To apply for the position, write one or two paragraphs about the recent halting of withdrawals from Mt. Gox and Bitstamp and send it to phil@invisiblemoney.net.  Make sure to include links to any sources of information which contributed to your research.

A writing sample can be seen below:

Quote
FINCEN AND THE LEGALITY OF CREATING BITCOINS IN THE USA

Bitcoin mining company Milly Bitcoin asked for a ruling from FINCEN regarding whether or not companies which mine bitcoin will be legally classified as money transmission services. FINCEN responded “Activities that, in and of themselves, do not constitute accepting and transmitting currency, funds or the value of funds, are activities that do not fit within the definition of money transmission services and therefore are not subject to FinCEN’s registration, reporting, and recordkeeping regulations for MSBs” They went on to confirm that “To the extent that a user mines Bitcoin and uses the Bitcoin solely for the user’s own purposes and not for the benefit of another, the user is not an MSB under FinCEN’s regulations, because these activities involve neither “acceptance” nor “transmission” of the convertible virtual currency and are not the transmission of funds within the meaning of the Rule.”

This is good news for Bitcoin miners, and is a sign that FINCEN is adopting a moderate regulatory position on Bitcoin transactions which targets illegal uses of Bitcoin such as money laundering, but which does not consider the creation of the currency itself to be a crime. The creation of cryptocurrencies is technically illegal and could be prosecuted under title 18 U.S.C. 336, Sec. 336. which states “Whoever makes, issues, circulates, or pays out any note, check, memorandum, token, or other obligation for a less sum than $1, intended to circulate as money or to be received or used in lieu of lawful money of the United States, shall be fined under this title or imprisoned not more than six months, or both.” However, this statute hasn’t been enforced in a published court opinion since 1899, a good sign for the budding currency.

Read more:
http://cointext.com/fincen-issues-bitcoin-friendly-ruling-for-miners/
http://www.communitycurrencieslaw.org/currency-laws/
2  Bitcoin / Bitcoin Discussion / Re: NYC Bitcoin Center - Opens on Wall Street - Jan 1st on: January 03, 2014, 04:41:54 AM
A 3:30 video of Rep. Stockman and Nick Spanos of Bitcoin Center NYC talking about their opinions on Bitcoin has been been published on Youtube in connection with the upcoming documentary Invisible Money:
http://www.youtube.com/watch?v=sZlB6gS7qHU

Invisible Money Documentary blog:
http://invisiblemoneydocumentary.wordpress.com/

Full Disclosure: I'm producing this documentary along with director Chris Cannucciari.
3  Bitcoin / Mining / Re: Do you think this Texas Congressman Steve Stockman is mining Bitcoin? on: January 03, 2014, 04:32:20 AM
A 3:30 video of Rep. Stockman and Nick Spanos of Bitcoin Center NYC talking about their opinions on Bitcoin has been been published on Youtube in connection with the upcoming documentary Invisible Money:
http://www.youtube.com/watch?v=sZlB6gS7qHU

Invisible Money Documentary blog:
http://invisiblemoneydocumentary.wordpress.com/

Full Disclosure: I'm producing this documentary along with director Chris Cannucciari.
4  Economy / Service Discussion / Is cryptsy down? Anyone have details? on: December 10, 2013, 08:31:18 AM
I've been unable to connect to cryptsy for the last 10 minutes or so and I keep getting 504 or 502 errors when I try to connect.  Does anyone know what's going on?
5  Other / Beginners & Help / Documentary Filming at Satoshi Square 12/9/2013 at 3PM: Sell us a Bitcoin! on: December 09, 2013, 02:10:09 AM
We're working on a documentary about cryptocurrency and would like to film the process of buying a Bitcoin at Satoshi Square (Union Square in NYC) for the film.

We'll be arriving at 3:00 PM tommorow (12/9/2013) with our equipment and we hope to find someone there to buy a Bitcoin from.  We'll pay for the Bitcoin in cash at the going value of Bitcoin, which we'll determine by averaging the last filled price at Bitstamp, BTCE, and Mt Gox at the time of purchase. 

You have to be willing to be filmed during the transaction and the footage will be used in a documentary.  Send me a message if you can make it, or just show up tomorrow at 3:00.  See you there!
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