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361  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][PHS][50% PoS] PhilosopherStone | NoPremine |10 month Dist | 1.6.4.1 on: October 29, 2014, 05:10:08 AM
Lol

Cuz it has no bearing here.

   Calling pos gains interest and inflation is as stupid as calling pooling mining inflation...
  Cuz well inflation would be judged as spending.. and money well would be defined as legal currency.

  Are cryptos legal currency? No. Are they money? Depends if they hit an exchange.  Is this inflation? Repeat a through c.

  Or define yourself instead of being vague and seemingly uninformed as your avatar suggests while you puke bullshit on a good thread.

  Or just refuse to deny definition in your vague accusation of an inflationary currency. Er. Crypto.  Er. Stone.
362  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][PHS][50% PoS] PhilosopherStone | NoPremine |10 month Dist | 1.6.4.1 on: October 29, 2014, 03:55:39 AM
Fees are destroyed to offset inflation (1 PHS per 100k)[/b]

Hate to tell you this, but this small transaction fee HAS NO IMPACT on inflation.  50% inflation is offset by 0.0001% fee?

Define inflation.

I see this on mises.org

"Inflation is a general increase in the money supply. One of the effects, that may accompany inflation (and is sometimes confused for it) is a rise in prices called price inflation. A similar, but opposite effect in kind is deflation."

I am not certain how this coin uses the term inflation. But i think to use money supply or you could call it "stone supply", expansion.  I don't think this tiny fee will cancel out 50% interest rate what i wanted to get across.

Define. Money.  And interest.  In reference to 100% pos coin.
363  Alternate cryptocurrencies / Altcoin Discussion / Re: US Government Mistakes Digital Currency for Pacific Island! on: October 29, 2014, 02:11:15 AM


Anybody? No? Ya sure?
364  Alternate cryptocurrencies / Altcoin Discussion / Re: US Government Mistakes Digital Currency for Pacific Island! on: October 29, 2014, 02:04:05 AM
Hey mouthy argumentative idiots.. ALL OF YOU

I TOLD YOU SO !

Remember me saying regulation is coming non stop for a year and how you all said but but they can't ?

well go stamp your feet and stomp it your room and slam the door i am sure they will protect your coins / service LOL

I am ALWAYS right ..suck it  Cool

So, what's your next big prediction?

 Let me take that one... The Fed protects their creation called bitcoin.. and cuts the heads off all anon coins and exchanges not complying..  Seems obvious doesn't it?

Hmmm, when you say "protect" bitcoin, I'm guessing you mean: it will be adulterated beyond recognition.
True or false?

 True.  Isn't that what everyone Is crying about? Hey didn't I see you on the Amazon to accept bitcoin list?
   
365  Alternate cryptocurrencies / Altcoin Discussion / Re: Looks like the end is near for scam coins/ICOs - the Feds are coming! on: October 29, 2014, 02:01:52 AM
Yada, yada, yada!  Cheesy

The US government doesn't lead the whole world. Why should all other countries follow the actions of the US?
In some countries crypto is accepted as "private money" and as long crypto currencies are paying their taxes for their business transactions, nothing will happen in that countries.

Good ole' Germany for example! Grin


Looks like we have a turd in the punchbowl, better watch:
https://www.youtube.com/watch?v=MGQaH3-LK54

Code:
'Merica
'Merica

'Merica, fuck yeah!
Coming again to save the mother fucking day, yeah
'Merica, fuck yeah!
Freedom is the only way, yeah

Terrorist your game is through 'cause now you have to answer too
'Merica, fuck yeah!
So lick my butt and suck on my balls
'Merica, fuck yeah!
What you gonna to do when we come for you now

It's the dream that we all share
It's the hope for tomorrow
Fuck yeah!

McDonalds, fuck yeah!
Wal-Mart, fuck yeah!
The Gap, fuck yeah!
Baseball, fuck yeah!

NFL, fuck yeah!
Rock and roll, fuck yeah!
The Internet, fuck yeah!
Slavery, fuck yeah!

Fuck yeah!

Starbucks, fuck yeah!
Disney world, fuck yeah!
Porno, fuck yeah!
Valium, fuck yeah!

Reebok's, fuck yeah!
Fake tits, fuck yeah!
Sushi, fuck yeah!
Taco Bell, fuck yeah!

Rodeos, fuck yeah!
Bed bath and beyond
Fuck yeah, fuck yeah

Liberty, fuck yeah!
White Slips, fuck yeah!
The Alamo, fuck yeah!
Band-aids, fuck yeah!

Las Vegas, fuck yeah!
Christmas, fuck yeah!
Immigrants, fuck yeah!
Popeye, fuck yeah!

Demarcates, fuck yeah!
Republicans
Fuck yeah, fuck yeah
Sportsmanship
Books

I think you misunderstood my comment. I've referred it to OP's post spreading panic because of the action against crypto by the US government only.
I'am not against the USA, only against spreading FUD or panic about crypto.

So if i made you upset then i'am really sorry about that.



apologies, it would appear my sarcasm has been lost. It's a good video none the less.

Sarcasm.  Never. Goes.  To.  Waste. 
366  Alternate cryptocurrencies / Altcoin Discussion / Re: US Government Mistakes Digital Currency for Pacific Island! on: October 29, 2014, 12:52:51 AM
Hey mouthy argumentative idiots.. ALL OF YOU

I TOLD YOU SO !

Remember me saying regulation is coming non stop for a year and how you all said but but they can't ?

well go stamp your feet and stomp it your room and slam the door i am sure they will protect your coins / service LOL

I am ALWAYS right ..suck it  Cool

So, what's your next big prediction?

 Let me take that one... The Fed protects their creation called bitcoin.. and cuts the heads off all anon coins and exchanges not complying..  Seems obvious doesn't it?
367  Alternate cryptocurrencies / Altcoin Discussion / Re: US Government Mistakes Digital Currency for Pacific Island! on: October 29, 2014, 12:51:36 AM
"As explained in the Guidance, a person is an exchanger and a money transmitter if the person accepts convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency."

So we're all money transmitters now.
All culprits=all innocent.

  Yep. And will come down to extradition laws to decide on whether or not it ends in the us. If they can jail a canadian for selling pot seeds.. imagine what they can do with cryptos..

  Remember all us companies will be forced to provide full transparency to the irs and fincen.. on every single ip involved.. so all you bittrex pumpers and dumpers..  polo pumpers and dumpers.. they com in for ya.. and cryptsy well.. ya should a followed and noted they already fincen dogs. And paid the grand price to be so.
368  Alternate cryptocurrencies / Altcoin Discussion / Re: US Government Mistakes Digital Currency for Pacific Island! on: October 29, 2014, 12:47:27 AM
This Spoetnik fellow, although rather overly enthusiastic, is exactly right.  Don't see the problem, there's plenty of safe cryptos.  PandaCoin is one such, boring, safe, thread full of happy pandas, scamming no-one. Dogecoin is in the good list.  Litecoin, lots of the old boys club.  The new lot are trash which needs to be in the rubbish pit.  Just a matter of people shifting BTC away from the garbage coins into the real stuff.  Cryptsy has paid the fee it seems.  Bittrex should have the money after all the scam ICOs they've been involved with.  We'll be fine, less coins and if a scam comes up enter the G-men stage right.  No worries.


Hey mouthy argumentative idiots.. ALL OF YOU

I TOLD YOU SO !

Remember me saying regulation is coming non stop for a year and how you all said but but they can't ?

well go stamp your feet and stomp it your room and slam the door i am sure they will protect your coins / service LOL

I am ALWAYS right ..suck it  Cool

 Not true.  I believe any American pool for these coins will fit the bill.. and be phase 2.  This is just cutting the hedges..


And Yeh Spoetnik. . Is right. Imagine that.
369  Alternate cryptocurrencies / Altcoin Discussion / Re: Looks like the end is near for scam coins/ICOs - the Feds are coming! on: October 29, 2014, 12:39:41 AM
Looks like the end is near for scam coins/ICOs.  Best dump out  and move into something safe and (hopefully) scam free like Dogecoin or Pandacoin, OpalCoin etc.  The Feds are coming ...

http://www.coindesk.com/fincen-rules-bitcoin-payment-processors-exchanges-money-transmitters/

https://www.cryptocoinsnews.com/sec-sends-inquiry-letters-hundreds-bitcoin-companies-unregistered-securities/

I don't want to hear how "this is crypto, anon, the government can't touch it". Right, but they can touch Bittrex, Cryptsy, etc. and "encourage" them to delist anything on their scam list ... And if the exchanges want to stand firm (like that will happen ...) good luck getting any real merchants to use a coin once they get a friendly call from a nice fellow in Washington.

Some might want to make fine distinctions between Exchanges, altcoins like Etherium, etc. but the guy on the phone with all the power in the cheap suit making $30,000 a year won't.  All the scammers love to put pics up from Wolf of Wallstreet.  Funny they never post pics from the end of that movie when it all went to hell. 

China has been itching around banning altcoins for years but hasn't taken the plunge ... exactly.  With the US taking the lead there won't be any stopping them.  Bye-bye Bter, etc.


 This post is beyond stupid.  I love All the inferred definitions all these threads have.

  1.  Cryptsy.  Already signed up and paid for to the FED.  They're on the books.  Fincen recognized..  Most dumb asses that call them cryptsy or morons that try to sue them for not securing their own computers should know that. .

2.  Ethereum.. is an ipo made to a Germany company. . Off limits. . This post is stupid.

3.  Bittrex. . Not just coins are on the list..  they are not registered... and are the host of dozens if not hundreds of unregistered securities to boot..  scam coins.. pffft. . They escrow the pot for security scams!  A new one everyday and are likely the cause of the complaint backlash on alts.    Shame bittrex shame...

4.  China following suit with us law?? Do you not know the reason why China was the first to outlaw bitcoin??  Man... start reading a bit.   Nonetheless thanks for this Potatoe pot full of morons.  It's fantastic.   I'd say honey pot.  But yall are swimming.. not sticking to nothing.  
   Always good for a laugh.

 
370  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Pull coins out of Poloniex? on: October 28, 2014, 08:00:51 PM
Are X usd a processor or are they considered currency? The laws are vague and the only usa crypto exchange in compliance is cryptsy.   The guys that started it and the guys that will end it.
371  Alternate cryptocurrencies / Altcoin Discussion / Re: US Government Mistakes Digital Currency for Pacific Island! on: October 28, 2014, 07:26:05 PM


The Financial Crimes Enforcement Network (FinCEN) today issued two administrative rulings regarding digital currency. And the government has apparently decided to go with the nuclear option.

The first ruling published today relates to the application of FinCEN regulations to a virtual currency trading platform, while the second ruling discusses the application of FinCEN regulations to a virtual currency payment system.

In ruling FIN-2014-R011, FinCEN states that any and all cryptocurrency exchanges must become licensed as a money transmitter including crypto-only exchanges:

"As explained in the Guidance, a person is an exchanger and a money transmitter if the person accepts convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency."

In ruling FIN-2014-R012, the agency confirms that any and all payment processors are obliged to register as money transmitters, significantly increasing the cost of entry in becoming a digital payments provider.

"As described above, the Company is an exchanger under the Guidance because it engages as a business in accepting and converting the customer’s real currency into virtual currency for transmission to the merchant. The fact that the Company uses its cache of Bitcoin to pay the merchant is not relevant to whether it fits within the definition of money transmitter."

Once labeled a money transmitter, a business wishing to continue operating must pay hundreds of thousands of dollars to become licensed in each of the 50 states. And that’s only the beginning of the regulatory costs and legal hoop jumping.

In addition, companies are required to register with FinCEN, conduct a comprehensive risk assessment of its exposure to money laundering, implement an Anti-Money Laundering Program based on such risk assessment, and comply with various record keeping, reporting and transaction monitoring obligations, in addition to meeting several other requirements.

It is interesting to note that the government classifies Bitcoin as a digital “property” for taxation purposes, but as a digital “money” for regulatory and licensing purposes.

Full Story: http://altcoinpress.com/2014/10/fincen-ruling-us-government-ramps-up-war-on-cryptocurrency/

Bolded red: there is already solution www.multigateway.org
Still Beta version.

Um... multi gateway is an exchange service that charges fees, and gateway currencies are held on the platform?? The platform owners or developers could be subject?

  What defines ownership of a platform?

   What defines a crypto exchange business?

   Multi gateway is definitely a crypto exchange platform.

  But the law is vague. In decentralized nature, then only nodes in the USA using the platform are at risk? Of course they are pushing for full disclosure starting at the root..

   Counterparty is getting the beats.. nxt ae next?  I've read the new legislation, but frankly it is very vague.. which means leaves open to new legislation and vague rulings.

   Can extradition be possible if in order with anti terror laws? After all, laundering is just the first cause to order, and vague definitions will link to global order terror laws soon enough...

  Make no mistake about it. . This thread and this law.. is only a small part of what to come.

  The question on anonymity being real was a poke at the order the global unseen government has on us all..

  Remember .  Sha256. .  Well who created it?  Interesting laws are now being passed to protect the us governments perhaps.. crown jewel? Bitcoin?

   Also remember.  Any of us movers and shakers, and in particular every single anon coin dev that isn't already an nsa honeypot.. is on a list. .

  And don't think you're personal information can't be linked to mobile gps, registration documents, that your isp, mobile provider, debit cards, visa cards, (prepaid or otherwise) can't be tracked and will not be logged..

  The anon marketing scam, well is scrutiny.. and ultimately forced disclosure..
   
  Satoshi designed bitcoin as 100% anon.  Just use a different address.  Every transaction.  Does anyone really think that nsa software can't break through the shitty poorly designed 'anon' currency transactions.. When they the ones that wrote the initial script? People are too lazy to start a new addy every transaction, and sure as hell wouldn't be marketable..

   Internet aliases will likely be passed as legal representatives of all the 'anon" coins.   I just hope anon practices supercede anon software. . Cuz it'll be like Domino's. .and a blank blockchain  = jail time. Why? Financial disclosure... Anon coins.. we'll they unfortunately don't have records.
   
  Extradition? Well depends on how isis pads the anti terror law legislation being passed and the joining of coalition in areas of vague law in the new global order..

   Many powerful incidents as of late..  but don't think you can hide behind a vpn. . Anon... was created before you were all born.  No matter how many layers in an onion.. can still be stripped to the core.. and thrown on the good old American bbq.

   Especially when that onion was grown in the good old us of a..
 
   What is the fight? Bitcoin may be the enemy of freedom..  The hard fork impending..  sidechains impending.. sunshine and lollipops for alts? Sarcastic understood. How can one truly fight?

    Human rights are being stripped under our noses.. and every crypto that claims to be a business, or corporation or says hi! I'm the ceo of fuck the government is asking for a lashing not only  personally but all the investors..

  Anyone mind to stop calling crypto currencies a business? Or should I go back to my job at 711 and give up..
372  Other / Beginners & Help / Re: PETITION AMAZON: 4,744 have signed, only 256 more to make 5000! on: October 28, 2014, 06:40:32 PM
Ok Signed.

One question is. After we get the 5000 signatures . What happens?

Amazon will take a look at it and start accepting bitcoin or they still can ignore it?

  Yeh sure.. maybe they'll accept bitcoin as a payment option.. then use a processor to dump it all for fiat..

  You guys realize the more big companies that accept bitcoin as a payment option, the further price will depress and more regulations will come into play?

  If that's what ya ' ll want.. then I guess giver.  Sign bitcoins death warrant.
373  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][PHS][50% PoS] PhilosopherStone | NoPremine |10 month Dist | 1.6.4.1 on: October 28, 2014, 05:39:34 PM
Fees are destroyed to offset inflation (1 PHS per 100k)[/b]

Hate to tell you this, but this small transaction fee HAS NO IMPACT on inflation.  50% inflation is offset by 0.0001% fee?

Define inflation.
374  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEW ALT COIN- Full Integrity Coin (FIC) on: October 28, 2014, 05:20:40 PM
This an Ann? Strangest ann I ever did see
375  Alternate cryptocurrencies / Altcoin Discussion / Re: US Government Mistakes Digital Currency for Pacific Island! on: October 28, 2014, 06:18:23 AM
Is this forum from usa?  Might want to start deleting posts if so.. lol
376  Alternate cryptocurrencies / Altcoin Discussion / Re: US Government Mistakes Digital Currency for Pacific Island! on: October 28, 2014, 06:16:49 AM
Would this apply to pools?

Yes you would need to have decentralize mining as  well but we already have that.

  So pos coins the way to go..

 Remember too they're pushing the legality of aliases to real names and ips etc.. santy clause be making his list and checking it twice.

   Wonder if anon is actually real.  Guess this is a good time to check the effectiveness of the honey pot tor.

  And if a coin is considered a business they will demand all transaction records.  If those can't be supplied. Might be a violation too... failure to comply to financial ref is likely bad.

 Pos might be only safe coin? All pools accepting payment in bitcoin and charging fees would he subject In usa for now.
   
  Is.. Pos? The answer? How will developers be responsible? Could github be ordered to supply dev info?

  Where does this end?
377  Alternate cryptocurrencies / Altcoin Discussion / Re: US Government Mistakes Digital Currency for Pacific Island! on: October 28, 2014, 05:41:55 AM
Would this apply to pools?
378  Alternate cryptocurrencies / Altcoin Discussion / Re: US Government Mistakes Digital Currency for Pacific Island! on: October 28, 2014, 05:38:33 AM
Great great, "Blue Skies" and "May contain forward looking statements", I can't wait to read my first altcoin prospectus and then promptly jump out a high rise window.

 Meant does it apply to ipos and dentralized assets based on corporate public shares.. I kept sayin.. quit calling yourself a business I said.. quit backing your coin with government labelled assets I said. Stop the corporate crycryptos i said.. man.. This gonna drill on through ain't it..

   Wonder if transaction fees cause a decentralized exchange to be considered a business... or a coin.. does this apply to mining? Any American cloud hashers out there?
379  Alternate cryptocurrencies / Altcoin Discussion / Re: US Government Mistakes Digital Currency for Pacific Island! on: October 28, 2014, 04:40:45 AM
Ohhh. ...  This is about ipos and corporate cryptos..  everyone saying they are running a business..  pretending their corporations are backing their crypto currency...  then issuing public shares based on their corporate holdings!

   Which ia really is a lie.. there is nothing actually legally bound to a token or a coin from a corporation. . No ipo account holder would be listed as creditors in the event of insolvency. .

   So is then this regulation going to destroy ipos, ShitCoin exchanges, and maybe take a bite out of shit coins and scammers?

   Sure are  a lot of ipos held on exchanges that turn out to be scams lately...

  Am I reading this wrong.. or will this force decentralization further?

   Would corporate crypto die? Maybe that would be amazing. .
380  Alternate cryptocurrencies / Altcoin Discussion / Re: US Government Mistakes Digital Currency for Pacific Island! on: October 28, 2014, 03:45:57 AM
Anyone care to speculate on how this impacts poloniex or bittrex (both based in USA but I'm assuming not registered as money transmitters)?

Better to close Cryptsy and CryptoStocks, too?

 Cryptsy already paid the massive fee.  Think they're good. 

  And seems the issue is.. exchange fees? As long as no fees are charged, then these rules don't apply?
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