Law in the US is a tricky thing.  Bobby Lee told of the peculiar nature of Chinese law and how it dynamically adjusts for the present moment.  US law does this too - albeit in a different mode.  

Because comprehensive laws relating to bitcoin are about 5 to 10 years away (at least), prosecuting attorneys deploy a special trick.  This 'trick' is going to royally fuck Shrem who is a bad guy - but just a little tiny bit of a bad guy.
http://www.coindesk.com/charlie-shrem-indicted-federal-charges-money-laundering/

The 'trick' - Make an example out of wrongdoers

To strongly discourage others from pushing the vague limits of legal bitcoin operations, the cops take the first most public wrongdoer and really deliver a strong blow.  This makes all actors considering pushing the edge quite a bit more cautious and reluctant to try schenanighans.  The prosecution will get Shrem on Money Laundering and really make a giant example of him.  They have to do this because presently cryptocurrency law is so vague.  The more vague the law, the bigger the message the state must send to others not to try anything.  

The Fed is going to hang Shrem up big time as a warning to others.  This will keep control for another five years until we can get good laws on the books.  Prosecutions of wrongdoers will go back to a more normal reasonable state then.  But for now, anyone just screwing up a little is going to get hit hard.  

Shrem DOUBLED his problems for himself.  By talking about smoking pot and casually telling Faiella to skirt the system, he put himself into a VERY bad place.  A 'normal' money launderer would get 6 months suspended sentence.  I think Shrem gets 5 years in the Fed prison.  No matter how clever his lawyer is, they won't let him off easy.  This is about controlling the actions of the community - not about Shrem.  Shrem is going to have to pay for this message to be delivered.  Poor bastard.  

But that is how the legal system works.  Until the laws catch up, the only way the Fed will discourage others from illegal behavior is strong prosecutions against very visible and public personalities like Chuck.  

It's a cruel world.  Sorry Charlie.

But scanning QR code is a convenient way of entering the address.  How will Picasso enter the addresses? Is there a more convenient way?  

No one really waits around for 6 confirmations.  When I send a few BTC to someone, the instant it hits their phone (like in about half of one second) to me that transaction is done.  Of course - it is possible it could fail.  But highly unlikely.  For transactions more than $20,000 I'll wait for one confirmation.  

I too can't see what Picasso offers - except that BTCChina gets into the middle of a transaction I can otherwise perform myself.

On the other hand, there is nothing I'd like to see more than 17,000,000 highly mobile ATMs running around China providing great bitcoin liquidity.  In this regard, Picasso is brilliant.  Millions of ATMs - instantly.  That part you've got to love.  Instead of Bobby Lee taking in the cash at the exchange, let an army of individuals take it in for you.  Then, they can kick the bitcoin around to their friends and customers.  That's a cool set up.  

If someone said Dogecoin would be worth more than Ripple a few months ago, everyone would laugh their head off.  http://coinmarketcap.com/  However, Ripple is sinking and Doggy is rising.  Ripple has an over $45 million investment behind it; Doggy has a pretty dog meme.  How unpredictable can cryptos be anyway?

This is the same as "after the second Tuesday of next week"

KNC took a stellar reputation and turned it to shit in record time.  How did they manage that?

Those guys are VERY cool

Is that pretty cool or what?

At least there is some truth to what you said unlike the rubbish that dumbass is selling.

Dutchman is a moron.  Everyone knows that.  We don't want your two cents.  

Back to the topic.  China is a short term problem.  China is also a long term problem.  It is a strange culture full of panic and crazy moves.  Have you ever heard of a 'Chinese fire drill'?  Chinese buying bitcoin is like that - only hotter.  China can't act cool.  It is a big problem.  

Unless you like to make money off volatility.  Then China is your friend in both directions.  Buy some Bitcoin stratles.  Buy a Put Option and a Call Option at the same time.  Then, when it goes up or down -  you make a killing.  China is great for volatility.  

Dutch people are a problem for both volatile and non-volatile markets.  They are just a problem.  Unless you want to smoke some dope and get some nice hookers.  Then the Dutch will set you up big time.  

See, I love everyone.

I will sell everything before it dies.  It will be at $10,000 right before its death.  That will be soon.

I am warning you bro - it is a big mistake.  DO NOT HODL!!!

Quad-up!!!

Can't you read?  This is not about whether or not it will go up to $1000 - everybody knows that.  This is about how fucking fast it will get there.  The OP (who is brilliant) thinks it will go fast.  He notes the last times it went up as evidence.  What?  Are you dense?

What do you think Mark Karpeles actually did today?  He must do something all day.  I wonder what kind of progress he is engaged in.  Is he looking for more 'lost' wallets?  WTF?  Since he is French, I know the fat fuck is having three glasses of wine at lunch, but the rest of the day I can't figure out what he must be doing.

a what?  Did you mean a 'roomer'?

Time to double-up my friend.  Maybe even better to quad-up. 

Pretty sure we will see $1000 by the end of April.  Previous run-ups have been very fast.  These cycles definitely repeat themselves.  Bitcoin trading is not like stock trading.

This new run up to $1,000 is going to happen real freaking fast.  At what price are you going to get in?  

In the loosest definition, the blockchain is barely a 'database'.  But one thing which is not up for debate: the author is an idiot.  Full stop.  His license should be terminated.  Writing about things you don't understand should not be permitted in professional journalism.  Making shit up - is just plain wrong.  The guy is not even close on most of this stuff.

However, your use of bitcoin and the blockchain to continue to buy gay child porn annoys me.  Your sick uses of the blockchain, a shared resource with limited capacity is displacing good fair reasonable use.  Your child porn purchases are bulking up and bloating the blockchain.  This, simply, is wrong.  Please stop now.

Everyone uses the blockchain as they like for those purposes they deem important.  You act as if the burden on the blockchain is severe.  As if a single MSC transaction puts ten thousand transactions into the chain.  This is stupid.  Your displeasure for novel uses of the blockchain is misplaced.  

You don't like MSC transactions - and they don't like your child pornography transactions.  We must all live together. Now stop abusing children and get back to work.  

They don't understand this stuff...  so they just make up a bunch of crap.

For the uninitiated, Bitcoin “mining” is the process that creates Bitcoin by solving a complex mathematical equation through the use of specialized computers. Bitcoin miners work together on a global peer-to-peer network, logging onto a central website, where they attempt to break the code protecting the Bitcoin database. The first Bitcoin miner to solve the current equation brings home the bacon.

Every time the code is broken, the Bitcoin system awards the Bitcoin miner that breaks the encryption code with a number of Bitcoin determined by the complexity of the code that was broken…and the system then adds more lines of code, making it more difficult to solve. In addition, the open source software that runs the Bitcoin system automatically upgrades the complexity of the encryption by another 10 percent every 10 days adding more lines of code to the equation that Bitcoin miners have to solve in order to earn more Bitcoin.

Alan Milner is a bozo.
http://guardianlv.com/2014/04/bitcoin-warning-signs-for-new-investors/

Could somebody please contact this guy and tell him he is not even close?  

"solving a complex mathematical equation"
you don't 'solve' any equation and it is not complex.

"logging onto a central website"
They don't 'log on', and there is no central website.  

"where they attempt to break the code protecting the Bitcoin database"
lol - what a dumbass.  There is no code protecting any database.  There is no database.


"adding more lines of code to the equation that Bitcoin miners have to solve"
Does he just make this shit up?  Lines of code are not added to any equation.  

Why, oh why, are these idiots permitted to use the keyboard?  Haven't they any editorial oversight?  Pure garbage.  Journalism school is a raging joke.  

NXT is 'dumped'.  At any price, it is going down, down, down.  Those guys missed the hype up - now it is done.  Shitty distribution by greedy founders will kill a coin very easily.  Gotta be more careful.  Nobody wants to buy something where the 'founders' have a pocket full of them just waiting to sell and buy a new Mercedes.  NXT doomed themselves, no matter if there is actually function under all that or not.  There is no fairness in that lottery/scam.

They missed it. 

Ain't nobody got time for Next.