i have a question for the hard core BTC community. you fight/fought for freedom, no Federal Reserve, no Gov, no IRS, no regulations just freedom, no corporations. many of you are excited that a company will be licensed in some States. Licensed means that will require you a LOT of papers and you will reported to IRS for sure. Coinbase will not be different than any other broker/forex from USA. Coinbase's shareholders are "sharks" that you hated a while ago and you blamed them. Also, many of you want/wanted DE-centralized exchanges. Why don't you use them? Why don't you create new ones? A licensed exchange is surely a centralized one.  Why are you so excited about that? Where is your libertarian philosophy? We continue to use and work on decentralized exchanges /wallets like openbazaar/darkwallet/lighthouse and welcome well regulated exchanges like coinbase which act as stepping stones for those that need to slowly start to transition into crypto-currencies. Some of us are fine with pragmatic and a realistic evolution into a more peaceful society and don't have any delusions that it will happen overnight. Realistic and pragmatic, what difference will be between Paypal and Coinbase? same shit, same regulations. what I am trying to say is that BTC is/was based on the libertarian philosophy which is saying " Economic liberalism, keep, and exchange their holdings , no gov interference, etc... Let's get real. Bitcoin has around of 600K real users now, approx 150K of them are trading. What are the chances for ALT coins? Only if the people will migrate from BTC to ALT coin. |
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i have a question for the hard core BTC community. you fight/fought for freedom, no Federal Reserve, no Gov, no IRS, no regulations just freedom, no corporations. many of you are excited that a company will be licensed in some States. Licensed means that will require you a LOT of papers and you will reported to IRS for sure. YOU WILL HAVE TO PAY TAXES FOR YOUR INCOME FROM BTC TRADING ! Coinbase will not be different than any other broker/forex from USA. You better use a normal broker or forex than using Coinbase for BTC trading. Coinbase's shareholders are "sharks" (they are ex-bankers) that you hated a while ago and you blamed them. They will earn A LOT of money and you will pay taxes.Also, many of you want/wanted DE-centralized exchanges. Why don't you use them? Why don't you create new ones? A licensed exchange is surely a centralized one. Why are you so excited about that? Where is your libertarian philosophy? |
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have you solved the problem with them? |
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BTC was somehow good as idea but the centralized exchanges are ruining the whole system.
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You should know that the biggest online wallet provider, will be the biggest target for hackers and scammers.
The % of people affected by this was VERY low, and I am amazed that they can keep the site below the radar and secure for such a long period.
For this reason, I use multiple service providers. {Too many coins in one place, increase your risk, to loose everything in one hack}
wise choice |
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What everyone (except one person) fails to realize in this thread is that different miners will consume different amounts of electricity per TH/s then can do. As a general rule, newer models (based on when they were initially released) tend to be more efficient then older models. Since a cloud mining company would need to be constantly buying newer hardware their average age (and efficiency) of their farm is going to be worse then what you can buy with the latest and greatest
please put some links with the latest hardware and let's make some calculations after that it seems new : http://www.spondoolies-tech.com/products/holiday-special-sp20-mini-farm-batch-2 you can earn up to 2 USD per DAY Smiley Hardware cost = 5500 USD Electricity = aprox 10 cents per hour http://www.bitfury.org/productsBF4500 Cost : around 10,000 USD Specifications 4.5TH/s 3000W you can earn up to 15 USD per day without electricity cost. Please correct me if I am wrong. |
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its been de-listed from the main bitcoin .org site as one of wallets to be used, so im guessing its not safe anymore.
I find it strange that it was delisted from bitcoin.org. I personally would trust amounts on BCI that I would trust on my own computer (eg it should be safe as a hot wallet IMO) yes, it's strange but it must be a reason...ask them |
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For me, the situation is still the same:
I am Virtex.com victim and I haven't yet gotten a single cent out. They are not paying neither BTC withdrawals, nor my request for a larger number of euros which are currently held hostage on their scam site.
You may contact http://www.mayzusfs.com/en which is the Virtex's financial partner since Virtex was launched ( Mayzus is processing their bank wires for both egopay and virtex). Maybe they can give you more information about this situation. Yes, I saw posted somewhere on this forum that someone got back around of 1200 USD back and I saw that few(not all) Egopay exchangers were refunded. |
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its piece of a cake when comparing to MtGox theft.
where is the BTC from Mtgox? 800K BTC cannot disappear overnight. not even in one year |
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I know its Seems Crazy But im Just Asking I heard Some guys Saying that it was created by Satoshi Nakamoto WTF?? http://liopal.com (The Game) No dumb fck its created by a poor dude in Vietnam. Are you capable of using Google? LOL |
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I find it amazing how quickly we forget in the United States people are innocent until proven guilty of any charge beyond a reasonable doubt. Hundreds of years ago that system along with others was set up to prevent injustice by the wise men and women who suffered through those difficult times. They left us some powerful laws to protect our liberty but few even know or care any longer......
--snip--
I too am hoping for his acquittal, however looking at the evidence the government has so far presented against him, paired with my knowledge of Bitcoin, I somewhat doubt that he will be found not guilty. If no additional evidence will be presented after today (this is not the case) then the burden of proof as beyond a reasonable doubt realistically has been met. I think the same. He developed the website and the whole network but life sentence or 20 years it's too much...IMO....even 10 years is too much. |
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why do someone need a new Foundation and why would BTC needs the old Foundation ? |
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and why the people are not using it and they do still prefer centralized shit exchangers? Too complicated, mr old man investor just wants to log in and spend some money in the broker like they do in forex, thats why the Gemini exchange makes sense, unless they fail at running it and it becomes another centralized fail. is it not Bitcoin about liberty, anonymity, freedom, no centralized authority? Gemini makes sense in what why? it will be a MSB exchanger....which will MUST require a lot of documents and they will report to IRS and other tax authorities. Why would someone still use Bitcoin when he/she has a huge market outside of Bitcoin where the forex/brokers are requesting the same documents. |
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From the document, it doesn't look like this was from simple face to face transactions using localbitcoins... it looks like he was somehow involved with running an exchange.
Unfortunately I think the gov sees face to face transactions using localbitcoins as "running an exchange". Even the LBC site gives you tips on how to "run a bitcoin cash exchange for fun and profit".It is a shame that he faces time in prison for allegedly doing something so harmless. A prosecutor would likely have a hard time convincing a jury that a few transactions is running a business. However, a large number of transactions is another story. Unfortunately, if you are going to be doing a lot of trading, you need to use a legitimate exchange to keep your nose clean. I consider this an assault on individual rights as one should be free to transact voluntarily with other individuals, but that's the current reality. You are generally considered to be a MSB regardless if you are an actual "business" as long as you engage in the practice of "transmitting money" (which is a complex concept. I think even if you are operating without a MSB license you will most likely (IMO) be legally safe as long as you do not knowingly transmit money for people who are breaking the law (for example proceeding with a transaction after being told the funds were from some illegal activity) correct. as MSB you are covered IF you make due diligence. But if you are not MSB you are not safe at all. you break the law by transmitting money without license. I really do not understand why this guy risked so much....also, others are doing the same... hard to understand what's in their mind. |
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let's see if Egopay will cover 1,5 MIL USD anyway they lost many merchants... i think its impossible they will cover mate then, good for them, yes, there are rumors that they will cover the hack and paying the money. Tadas was/is CEO and the owner was someone else. Owner = company shareholder. There are two different things.... it could be possible that the shareholder to run with the money and the "puppet" (Tadas) to remain to give explanations. everything is possible ! From my recent information, Tadas had only a small share from Egopay. Yes, it is/was CEO but the not the owner. Considering the fact that they came with an annoucement where they are saying some "inside things"...it can be possible for Egopay to pay the loss. |
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But this person can cheat and get away with it? the police can not do anything?
IMO, Egopay will continue to work and same Virtex. from what I see, I think they will cover the loss. I heard that some exchangers were already refunded. Firstly, I through they will run with the money but then...I am not sure. They said the truth on their Blog...there were hacked by "inside" ....Why would someone refund few exchangers, posting update on the blog by saying "inside infos" like the real owner name : Aziz and so on... |
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egopay.com ceased to exist!
but my btc them virtex.com
virtex.com how soon cease to exist?
virtex is egopay. virtex belongs to egopay.... how can you tell? 2 companies are headed to the same person? correct. Virtex and Egopay are owned by the same person |
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So as bitstamp has been hacked, I wonder if blockchain.info is safe enough? Thanks  Should be safe for sure. But its always recommended to just store small amounts there and create a cold storage for any larger amounts. Keep in BTC only what you want to "play"(speculate) and nothing more. Do not keep large amounts in Bitcoin at all. The money must stay with "you"(house, bank) but not in BTC |
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