Bitcoin Forum
April 30, 2024, 08:37:52 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 [58] 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 ... 120 »
1141  Bitcoin / Bitcoin Discussion / Re: Europe wants end to anonymous Bitcoin transactions on: February 07, 2016, 11:26:23 PM
Europe wants end to anonymous Bitcoin transactions

Money-laundering powers seen as crimp on terror funds if virtual currencies offer (unlikely) help
3 Feb 2016 at 07:18, Simon Sharwood

http://www.theregister.co.uk/2016/02/03/ec_virtual_currency_regulation_suggestion/
It is hypocrisy at its finest, let's castrate bitcoin - it is the root of all evil! EU fucked up with refugee crisis and years of pure bureaucracy dulled their minds.
It is the another idiotic idea, they think that taming bitcoin will gonna change something with Islamic terrorism and money laundering? This is not the way, gentlemen.
To me anonymous nature of bitcoin transaction is not the plus point or the reason of my using bitcoin.Bitcoin has many more benefits like decentralized,fast,no chargeback etc so I am fine if bitcoin anonymity is taken away and I hope I am not the only one with this view

fast? come on! Bitcoin is fast?   Grin Grin
1142  Economy / Economics / Re: Ok Coin , Huobi and other chin exchange..they are cheating all of us. on: February 07, 2016, 11:25:15 PM
Thay are keeping bitcoin alive,without them will be no bitcoin already
One of them has developed 100 btc nodes
Only chinise see btc potenciality

BTCC developed 100 bitcoin nodes. But that is mainly to relay the blocks found its pool. So it is not as it seems.

very good point.  Smiley
1143  Bitcoin / Bitcoin Discussion / Re: Europe wants end to anonymous Bitcoin transactions on: February 07, 2016, 06:27:26 PM
This should be a given.  Any nation-state will want to restrict anonymous currency transactions.  It is not in their interest to be in the business of having no information on how currency (power) is transacting.  

With that said, they can "want" to end Bitcoin all it wants... I'm sure most nations "wanted" to end Bitcoin at one point or another of Bitcoins life.


It's not about ending something, it's about regulation. Nobody is against Bitcoin itself. They are against unregulated exchangers.  Also, it's about a FAIR competition.

If "you" would own a company who is a financial electronic money institutions with a real license, you have a lot of staff, you have to pay a lot of money to cover their salaries, taxes, costs for maintaining the financial license, rent, accounting, auditors and so on...wound't you mind that a company like BTC-e, Bitstamp is doing financial transactions (exactly like your company) and they put all the money they earn in their pocket without paying taxes, without having any rules, without complying with anything?

A small financial licensed company can have expenses of + 30,000 Euro per month. So, each month, firstly, you have to cover the expenses and then to think about you.
You = a person with bills, with a family..with a real life...so you need money as well. Wouldn't you be pissed off because an unfair competitor? YOU WOULD, for sure! Smiley

It's VERY hard to make +30.000 Euro monthly from the fees you get from exchanges. Don't look to Coinbase which is sustained by their investors. Coinbase will be bankrupted without them. That company cannot sustain itself by making profit from the fees it gets from exchanges.
 


1144  Bitcoin / Bitcoin Discussion / Re: Europe wants end to anonymous Bitcoin transactions on: February 07, 2016, 06:11:58 PM
Europe wants end to anonymous Bitcoin transactions

Money-laundering powers seen as crimp on terror funds if virtual currencies offer (unlikely) help
3 Feb 2016 at 07:18, Simon Sharwood

http://www.theregister.co.uk/2016/02/03/ec_virtual_currency_regulation_suggestion/
another bad news for bitcoin,just see that russia start to prevent bitcoin for payment,and now europe will disturbing bitcoin,but i think virtul currency not easy like that to be regulated.

Its enough they regulate exchanges, or put some ridiculous taxes or rules on them. This can easily drive ppl out of exchanges.

There is already a law for electronic money institutions which apply to all the exchangers from EU but they don't respect it. In short, they are out of law.

The EU will enforce this law properly and done. Each exchanger from European Union MUST have a financial license because they are dealing with money. What the exchangers are doing(that KYC or AML) is nothing. You are giving your personal details to some companies you know nothing about and which are not supervised by anybody.

Each financial license company have strict rules(according to law) regarding to where they store your information, who can access this information( from their staff ), etc.
Do you think BTC-e or Bitstamp has these rules? Smiley  NO!

A financial licensed company has the same rules as a bank. They must comply with a lot of things. Can someone tell me where is the BTC-e office? Smiley

 A real financial company must have a real office, external auditor, accounting, compliance officer and so on. BTC will remain as a tinny shit as long the exchangers will not be financial licensed.


1145  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a manipulated coin? on: February 06, 2016, 02:27:09 AM
Nope I don't think so, it's affected alright but by the majority buying or selling so it is controlled by the majority of people opinion...

please try to search more about that. "Bitcoin manipulated price" MTgox price manipulated. OKcoin fake volumes... and so on Smiley
1146  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a manipulated coin? on: February 04, 2016, 03:04:44 PM
Well all crypto coins are manipulated ,whales always will pump a coin on a week and then left it,these happend to bitcoin this year already they joined and made bitcoin reach almost 500 dollars ,all of those were based into the halving that is very near.


what whales? Smiley)

the "whales" are the exchangers and their investors who control the whole BTC market. The exchangers are running bots and they can rise or drop the BTC price how they want. MT Gox did the same and there proofs that others do the same.
1147  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 04, 2016, 03:02:06 PM
the clients will get ZERO Smiley   
1148  Bitcoin / Bitcoin Discussion / Re: EU plans KYC regulations for online wallets and exchanges services on: February 04, 2016, 02:59:17 PM
In the UK KYC has a massive advantage for the exchanges.

They will be allowed to accept CC payment using the new Payment Systems Regulation.

Until now the 5 banks; Santander HSBC Natwest Lloyds and Barclays have denies all Bitcoin businesses merchant accounts.

You have had to go through those 5 banks for a merchant account (ask Fidor)

Now these banks are really annoyed, as the UK Government has said thats anti-competition and any business that conducts KYC AML should be allowed to process card payments.

In the EU though they have had no problem with merchant accounts.

Their merchants accounts will be closed soon due to the frauds. The merchants are interested to make due diligence otherwise they may face chargebacks and they will be bankrupted.
  If a merchant has over 7% frauds, their account is closed. It's most likely to happen in this business where 90% is black market(scams).
1149  Bitcoin / Bitcoin Discussion / Re: EU plans KYC regulations for online wallets and exchanges services on: February 04, 2016, 01:55:20 AM
Bitstamp have been asking for KYC documents from customers for a while it's a standard procedure when moving money around online so it's not a big problem to get verified but the bad news is if online wallets start to ask for IDs it will be a big bother to move from one wallet to another this way.

Any exchanger must be financial licensed according to the EU laws.
Bitstamp may ask any paper they want but it's outlaw because they are not licensed.  It's like you open a bank without license. You can open a website, you can say that you are bank and asking for documents and shits but it doesn't mean you are regulated. You are just an outlaw bank and nothing more; same with Bitstamp, BTC-e and others. They are unlicensed financial companies.

Wallets must be licensed too because they store/transmit (value) money
1150  Bitcoin / Bitcoin Discussion / Re: EU plans KYC regulations for online wallets and exchanges services on: February 03, 2016, 08:18:27 PM
...
Well, that's not exactly like that. In order to spread, bitcoin certainly needs exchanges.
If exchanges are subjected to governmental regulations, then it's a serious threat for the growth of bitcoin.

In order to spread, no. Bitcoin/bitcoin was designed to spread via P2P.
If governments regulate the exchanges, you think that will stop adoption?

No, that will only stop a rapid mass adoption.
Bitcoin/bitcoin is designed to build over years if not decades.
Users will grow naturally over time with or without exchanges.

If you want your 1btc, to be worth 1million USD now, then yeah, you got a problem.
If you understand what the whitepaper's purpose is, then just sit back and watch them spin their wheels.



tell that to others and to "investors".... sit back and wait for decades Smiley
1151  Bitcoin / Bitcoin Discussion / Re: EU plans KYC regulations for online wallets and exchanges services on: February 03, 2016, 07:20:35 PM
No need for bit licences, just regulate as fiat.

Bitcoin going mainstream.

mainstream=regulation. there is NO other way.

Stop FUDing.

P2P + Open Source + Decentralization = Unregulatable

Mainstream + Unregulatable = Unstoppable

Want to Stop the Unstoppable? Send all world civilizations back to the 1700's.

Stop being ignorant and living in a hipster dream Smiley

P2P + Open Source + Decentralization = Unregulatable = USELESS without exchangers. The exchangers must have financial license because there are laws regarding to that. Period! Smiley

Mainstream + financial LAWs = Financial license = REGULATION Smiley   See Coinbase, Itbit, and Circle who are already licensed? Why do they spend a lot of money for that? Do you think they are stupids? They know very well that without license, they cannot go mainstream and the police can close their business anytime.

world civilizations is based on laws. that's why you are where you are now, that's why you have internet, electricity and so on...because there are laws(good or bad).

you are free to live like an Amish if you want to be "independent" and "unregulated"
1152  Bitcoin / Bitcoin Discussion / Re: Europe wants end to anonymous Bitcoin transactions on: February 03, 2016, 07:09:39 PM
i think that they are not understanding that you can not stop a decentalized system

old generation is still not well aware how a decentralization work, yes they can hinder adoption, but adoption currently it's a joke anyway, only geek people are using bitcoin basically...

But they could try to control fiat-BTC exchanges - it would be not that hard and quite effective from the EU point of view. Ironically it could help BTC to become payment mean, not speculation asset, as spme people could feel discouraged to convert BTC to fiat and conversely.

regulation = end of Bitcoin.
BTC was not created to have regulated exchangers.  BTC market is 90% black market and the people who are using it, are not interested in a regulated e-currency which brings STRONG AML, KYC and so on.It's like they will use their own bank accounts.

The black market will create or move to other e-currency like they did it in the past. I.e: E-gold or LibertyReserve.
1153  Bitcoin / Bitcoin Discussion / Re: EU plans KYC regulations for online wallets and exchanges services on: February 03, 2016, 07:04:57 PM
No need for bit licences, just regulate as fiat.

Bitcoin going mainstream.

mainstream=regulation. there is NO other way.
1154  Bitcoin / Bitcoin Discussion / Re: Europe unfriendlyness is growing on: February 03, 2016, 05:32:34 PM
Regulated exchanges will never be used for money laundering and terrorism funding, because it would just be too easy to track. If they want to stop

this, they will have to close down the unregulated exchanges and then the pawn shops. These people are selling valuable articles at Pawn shops,

brought from their own countries across the borders and buying guns and explosives on the black markets. Stop them at the borders and confiscate

these articles... If Europe are going to pay for their asylum, they have to contribute too... The taxpayers are going to get fed up with paying for

freeloaders.  

What exchangers are regulated? Around of 4 worldwide. Coinbase, Gemini, Itbit and Circle(all from USA).

Even the so called biggest exchanges like BTC China, Okcoin, Bitstamp(this one is from Europe), BTC-e are NOT regulated.  Yes, they are running illegal companies because there are already laws who regulate their activity.

They are posing that they are corporations but they cannot cover "only" 1 mil USD to get a financial license Smiley

Of course, they cannot afford and they don't want that. Who will use them after that? The BTC industry is 90% based on black market(ponzi, fake forex and other scams) who doesn't want to be identified easily.
Once an exchanger is regulated, it must identity all its clients very carefully, to trace the funds and to be sure that they are clean.You need a lot of staff and resources to do that.

1155  Bitcoin / Bitcoin Discussion / Re: Europe unfriendlyness is growing on: February 03, 2016, 04:10:21 PM
It's not the money but the people who are using it,they do not have to blame everything on the crypto -currency,they will always find ways to get hold of the funds in any way possible,they should increase their intelligent and restriction on who are entering their country not blame it on bitcoin..

nobody is blaiming X e-currency. the new restrictions will apply to all e-currencies.
Nobody can regulate the transaction of bitcoin but if they restrict on exchanging them to fiat than that will not make big problem to bitcoin ecosystem.

What if they make it so it records your MAC/IP address every time you make an exchange from bitcoins to fiat and vice versa it becomes quickly transparent who you are and where you are in the world.

Then you just need to avoid converting it to fiat. And I'm sure there would be black-market converting schemes...



Would you risk your money by sending them to a nigerian , russian, indonesian ? I guess not. Well, many of the BTC users wanted that BTC to be "adopted". Adoption means regulation. Regulation = AML, KYC and many others and also, it means that the exchangers MUST be licensed otherwise they will be closed.
1156  Bitcoin / Bitcoin Discussion / Re: Europe unfriendlyness is growing on: February 03, 2016, 11:54:03 AM
It's not the money but the people who are using it,they do not have to blame everything on the crypto -currency,they will always find ways to get hold of the funds in any way possible,they should increase their intelligent and restriction on who are entering their country not blame it on bitcoin..

nobody is blaiming X e-currency. the new restrictions will apply to all e-currencies.
Nobody can regulate the transaction of bitcoin but if they restrict on exchanging them to fiat than that will not make big problem to bitcoin ecosystem.

Bitcoin won't be regulated but they will restrict the exchangers from Europe. The exchangers are already outlaw because they don't have a financial license for their activity. I think it will be simple for EU authorities to shut down some exchangers like Bitstamp, BTC-e. None of them have a financial license yet.
1157  Bitcoin / Bitcoin Discussion / Re: Europe unfriendlyness is growing on: February 03, 2016, 11:36:10 AM
It's not the money but the people who are using it,they do not have to blame everything on the crypto -currency,they will always find ways to get hold of the funds in any way possible,they should increase their intelligent and restriction on who are entering their country not blame it on bitcoin..

nobody is blaiming X e-currency. the new restrictions will apply to all e-currencies.
1158  Bitcoin / Bitcoin Discussion / Re: EU plans KYC regulations for online wallets and exchanges services on: February 03, 2016, 11:34:01 AM
A few weeks ago, there was a proposal from 3 lone members of the European parliament, but it's much more serious now with this proposal. It's coming straight from the European Commission in Brussels:

Virtual currency exchange platforms can be considered as 'electronic' currency exchange offices that trade virtual currencies for real currencies (or so-called 'fiat' currencies, such as the euro). On the other hand, virtual currency wallet providers hold virtual currency accounts on behalf of their customers. In the 'virtual currency' world, they are the equivalent of a bank offering a current account. They store virtual currencies and allow for their transfers to other wallets/virtual currency accounts.

There is a growing consensus in Europe that virtual currency exchange platforms should be subjected to 'know-your-customer' rules under the Fourth Anti-Money Laundering Directive, which will have to identify and verify the identity of the person exchanging virtual currencies for real currencies and vice versa.


No more anonymous transactions in Europe. That's their goal.

do you have a link dude
cheers

http://www.reuters.com/article/us-eu-terrorism-financing-idUSKCN0VB1N7

http://europa.eu/rapid/press-release_IP-16-202_en.htm
1159  Economy / Economics / Re: Ok Coin , Huobi and other chin exchange..they are cheating all of us. on: February 03, 2016, 11:28:14 AM
Thay are keeping bitcoin alive,without them will be no bitcoin already
One of them has developed 100 btc nodes
Only chinise see btc potenciality

it's something artificially. It's a fake market. You cannot keep a market alive in a such way. I am not talking about nodes but about fake transactions.
Be sure that BTC China has developed xx nodes NOT because he cares about you. They did it because they care about their business.
1160  Bitcoin / Bitcoin Discussion / Re: 1st Chinese bitcoin crowdfunding :bizhongchou on: February 03, 2016, 03:47:28 AM
China GOV prohibited financial companies like banks(2 years ago) to deal with BTC exchangers.  So, all the BTC exchangers from China are outlaw.
Pages: « 1 ... 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 [58] 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 ... 120 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!