Bitcoin Forum
December 04, 2016, 08:31:50 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
  Home Help Search Donate Login Register  
  Show Posts
Pages: « 1 2 3 4 5 6 7 [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 ... 458 »
141  Bitcoin / Legal / Re: The TD F 90-22.1 Form for Bitcoin on: June 06, 2014, 12:28:39 AM
scenario 1:

Trader had 400 BTC at Mt. Gox in June 2011 (when it was at one point worth $32 per BTC).

Does that trader need to file a 2011 FBAR

Sorry for the Necro thread but the IRS just made it clear that the value of Bitcoins doesn't count towards the FBAR threshold.

Rod Lundquist,  BSA Senior Program Analyst at the IRS announced the policy guidance when asked about bitcoin during a webinar:
“At this time, FinCEN has said Bitcoin is not reportable on the FBAR, at least for this filing season.”
 - http://coindesk.com/irs-no-bitcoin-reporting-fincen-foreign-banking-tax-form

Now that still doesn't make clear if a Bitcoin exchange where you can have a cash balance (for buying bitcoins or for the proceeds after selling) is considered a financial institution.
142  Bitcoin / Legal / Re: US Gox Account Holders - Think About Filing That FBAR/Form 90.22.1 on: June 06, 2014, 12:15:22 AM
If you had an account at Mt. Gox last year, and if AT ANY TIME DURING THE YEAR the account value exceeded 10k, you may want to file a foreign financial account form - called a 90.22.1 form (also known as FBAR).

Rod Lundquist,  BSA Senior Program Analyst at the IRS announced the policy guidance when asked about bitcoin during a webinar:
“At this time, FinCEN has said Bitcoin is not reportable on the FBAR, at least for this filing season.”
 - http://coindesk.com/irs-no-bitcoin-reporting-fincen-foreign-banking-tax-form

Now that still doesn't make clear if a Bitcoin exchange where you can have a cash balance (for buying bitcoins or for the proceeds after selling) is considered a financial institution.
143  Bitcoin / Bitcoin Discussion / Re: What stops a Federal Reserve crypto scheme of their own? on: June 05, 2014, 07:32:44 PM
Because a centralized decentralized monetary system makes no sense.

Bingo!   The reason Bitcoin exists is that it is a payment system that is from from censorship (i.e., restrictions on who can receive payments or what the payments are for) and from corruption (i.e., impose taxes on transactions or the money supply, confiscate the wallet of a lawbreaker, etc.)

The Fed already has electronic monetary systems.  A coin that competes against their own systems would not be welcomed.
144  Bitcoin / Development & Technical Discussion / Re: python-obelisk: Pure Python Obelisk + Bitcoin client side library on: June 01, 2014, 11:27:58 PM
Just a heads-up, i read:

Quote
Warning. Non-standard tx coming could probably fork libbitcoin/Obelisk from the main chain. #Bitcoin
- http://twitter.com/SDLerner/status/472388946761371648

And I see also:

Quote
I need to send a non-standard tx.
- http://bitcointalk.org/index.php?topic=627218.0

Is there a vulnerability and is it being addressed?
145  Bitcoin / Alternative clients / Re: Mycelium Bitcoin Wallet on: June 01, 2014, 11:17:08 PM
As far as I remember Stephen Gornick had some success running it on BB, but there were also some shortcomings (don't remember which).

The minor inconveniences in running on BB10, ... detailed here.
 - http://bitcointalk.org/index.php?topic=293472.msg6353007#msg6353007

And yes, ... backup was one of the issues I described.

I would instead create the private key offline, turn it into a QR code and import it into the wallet

That was the workaround I have used.

The only pain point I have is learning about a new response to my trade offer with Local Trader.  Right now I hear a beep -- that's it.  There's no interaction with BlackBerry Hub like I would get if there was a new WhatsApp message, for instance.  Of course, that's because it is an Android app with no access to BlackBerry notifications system (at least not yet, 10.3 will: http://devblog.blackberry.com/2014/05/new-beta-of-the-blackberry-runtime-for-android-apps-now-available, and also Android apps can use the Blackberry 10's sharing framework as well.  So the Mycelium backup feature will probably work with 10.3 when that becomes available.).

But even with that, whether I use Android or Blackberry, ... it probably would be nice if I were able to get an e-mail or text message notification that I received a new response to a trade ad.  All I need to know is that I should launch the app and check my Active Trades.
146  Local / Marketplace (India) / Re: WTB: Milaap.org gift certificate (INR) on: June 01, 2014, 01:57:27 PM
I continue to need this about once a month so will update here the next time I'm looking for more rupees.

Back for more ..

I'm looking to add 3,000 Rs again (1-Jun-2014).

How this works is,
1.) You and I agree on the rate (in BTC) for your 3,000 Rs.  [e.g., ~0.08 BTC if using today's BTC/USD of $648 on BitStamp]
2.) I provide to you my e-mail address.
3.) You buy a 3,000 Rs gift e-card from Milaap, paying with your Netbanking or with an Indian credit card.  Entering my e-mail as the gift recipient.

 - http://milaap.org/do-more-gift-card  <-- PM me for my Milaap "lender name and e-mail".

4.) You send to me your Bitcoin address for my payment
5.) I receive the e-mail, redeem the gift e-card, and send to you the bitcoins.

PM me if interested
147  Bitcoin / Alternative clients / Re: Mycelium Bitcoin Wallet on: May 29, 2014, 07:27:23 PM
We have the world map with all ads here: http://www.mycelium.com/lt/m

It took me a little bit to figure out the difference between the "green" colored (Bitcoin logo) map markers and the normal "gold" colored (Bitcoin logo) map markers.  After looking at the ads I noticed that the Buy ads are green, the sell ads are gold.

Is there a way to get a map legend displayed to explain the two different marker types?
148  Economy / Scam Accusations / Re: Coinjedi - Please provide all information you got on: May 28, 2014, 10:25:41 PM
PUSH

Still looking to gather all available information here.

Anyone with a voiceprint database?

CoinJedi was interviewed by "The Bitcoin Show", November, 2011:
 - http://www.youtube.com/watch?v=ekEyGhC1X0I

149  Other / Bitcoin Wiki / Re: Account creation problem on: May 28, 2014, 07:37:17 PM
but when I try to login nothing happens Smiley

Out of curiousity, could you try marking the checkbox that reads "Keep me logged in" when you try to authenticate?  Does that change anything where you can log in?
150  Bitcoin / Legal / Re: Virtual Currencies Compliance Conference (VC3) August 14th NYC on: May 19, 2014, 12:02:35 AM
The National Money Transmitters Association(NMTA) is putting on VC3.

The second (annual) VC3 is August 13th, 2014  (and a training day is the day beore, August 12th, 2014):

Quote
National Money Transmitters Association, Inc.
12 Welwyn Road, Suite C
Great Neck, New York 11021
(516) 829-2742

May 14, 2014
 
Dear Colleague,
 
We are excited to announce the 2nd annual Virtual Currencies Compliance Conference ("VC3-2014") to be held on August 13th 2014. The setting once again will be the beautiful New York City Bar Association building, located in Midtown Manhattan, so please mark your calendar!
 
VC3 was created last year to provide an overview of the US regulatory landscape for those virtual currency firms FinCEN had recently dubbed "money transmitters." We thought those firms might have a lot of questions about the new legal environment they had just entered. In the time that has passed since then, the large number of regulatory inquiries that we receive almost daily, confirm how true that conjecture turned out to be.
 
This year, VC3-2014 will drill down further, focusing on getting practical advice to those who need it. We will explore ways start-ups can succeed, in spite of the many compliance challenges they face. We will look at:
Doing "Remote KYC" - Most virtual currencies firms will be doing business on the web, and so will have to get to know their customers with no face-to-face, in-person interaction. We will examine the methods available, the choices that firms must make, and analyze the trade-offs involved.
Designing the Operation - All money transmitters must create and administer compliance programs that are reasonably designed to detect, prevent and report money laundering. We will look at exactly what that entails for virtual currency firms, and the systems and controls they must build.
Complying With Legal and Regulatory Requirements - There is sometime confusion and concern - even for regulators - when money transmitter requirements are applied to the virtual currency realm. Selling virtual currencies is a unique form of money transmission, radically unlike any other. It demands that we implement - and sometimes invent - procedures that adapt to existing norms, with as little friction as possible.  
The importance of a knowledgeable compliance officer who knows how to automate compliance
Best practices for setting and enforcing dollar thresholds
How software and transaction monitoring should be set up for virtual currencies
How regulatory compliance can bring trust and legitimacy to the industry
An investor's perspective on the importance of compliance
Prepaid access regulations and compliance as they relate to virtual currency operations
We are getting an earlier start than we did last year, so we want to hear from you: we want to know what topics you think are most pressing, where you believe the most danger - and the most opportunity - will come from. If you are interested in participating, or if you have any thoughts or ideas you would like to share, please contact me or VC3's Event Coordinator, Brian Nelson, at bnelson@nmta.us. Speaking and sponsorship opportunities are available.
 
As a completely separate event, I will be giving an all-day class on general AML compliance topics on August 12, 2014, the day before VC3. Sign-up forms for both events will be up next week.
 
I look forward to greeting you at VC3-2014, in August!
 
Regards,
 
-David

[Edit: Adub, would you update the title on this post, and the OP, or should this 2014 event go in its own thread?]
151  Bitcoin / Project Development / Re: #BitcoinAfrica -- your help required! on: May 13, 2014, 04:23:52 PM
What's the risk Borja will run into someone who will want his cash ... but at the same time that person doesn't have plans to exchange bitcoins to get it from him?

Well, there were two of them traveling together.  That makes things a little safer.

Also, if you read the OP:

we are in an urgent need of exchangers, who would like to exchange bitcoins to cash in each country.

So they were only selling bitcoins, in exchange for cash.  And since nearly each country had its own fiat, there was no point in holding lots of cash -- and thus risk was muted a little from that as well.

If I remember correctly, they had more concerns about their cash going to "checkpoint guards" than to thieves [edit: who don't work for the government] .
152  Economy / Goods / Re: NEFT Vodka and Bitcoin on: May 13, 2014, 01:07:47 PM
I can shop around a bit tomorrow to see who is carrying it in stock.

I wonder if I could find anyone from L.A. coming to Bitcoin 2014 (Amsterdam) that I could pay to pick up a barrel of NEFT and bring it with them.  Actually, I want two (one to be opened at the conference, one left sealed to take home after) -- but the "duty free" limit for the person headed to Amsterdam is one litre per person:
 - http://ec.europa.eu/taxation_customs/common/travellers/enter_eu/index_en.htm

[Edit: Not sure why I was thinking this had to come from the U.S., NEFT is sold in some parts of Europe, I believe.  Anyone, anywhere have a supply?]
153  Bitcoin / Bitcoin Discussion / Re: re-use of addresses on: May 09, 2014, 05:32:59 AM
I still don't get how a dozen people sending to a single address of mine is protecting their privacy better than if I provide one address per transaction.

More explanation.
 - http://trilema.com/2014/why-exactly-reusing-bitcoin-addresses-strengthens-bitcoin-user-anonimity

If a hosted (shared) E-Wallet is used (e.g., like at most exchanges) I don't see any relevance to Mircea's argument.  Even when an E-Wallet isn't used, I'm struggling to grasp the benefit from his approach.
154  Bitcoin / Bitcoin Discussion / Re: re-use of addresses on: May 07, 2014, 01:22:59 PM
But this view is not universal, apparently:

Quote
Reusing addresses is therefore the preferred method of maintaining the privacy of your sources.
- http://bitcoinpete.com/2014/05/05/on-reusing-bitcoin-addresses

I still don't get how a dozen people sending to a single address of mine is protecting their privacy better than if I provide one address per transaction.  And I'm more interested in MY privacy than theirs, anyway.  If they want privacy, that's their job to mix or obfuscate -- not mine.

And then further that post reads ...

Quote
And perhaps the ultimate best practise tip, a heuristic for the intelligent use of Bitcoin:

Take whatever the Core Devs say and do the exact opposite.

I don't even.
155  Economy / Service Announcements / Re: [ANN] LocalBitcoins.com - a location-based bitcoin to cash marketplace on: May 05, 2014, 12:39:06 PM
Looks like they re-opened prematurely .... seeing sluggish performance, getting HTTP 500 errors, etc.

We are having some performance issues right now. ETA for getting basic functions working is 2-3 hours.
 - https://twitter.com/LocalBitcoins/status/463294142400192512

After logging in now I see:

We are working on the issues
We are experiencing heavy load right now. The site might respond slowly and you might run into issues. However please still feel free to try to access some of the site functionality. Our team is working on this and we should be back in business in a few hours.


But none of the trading functionality (e.g., Dashboard) is available.
156  Economy / Currency exchange / Re: Buying Btc via Bank-Western union-Skrill-amazon-neteller or Paypal on: May 05, 2014, 12:10:42 PM
Buying  Cheesy

Sent a PM.
157  Alternate cryptocurrencies / Marketplace (Altcoins) / WTS 0.2 XBT payment made via Moneybookers/Skrill service on: May 05, 2014, 12:08:20 PM
This is for a trade using Skrill's service that pays to an M-PESA number.

The countries that Skrill allow for this to be sent from are U.S., UK, Croatia, Denmark, Norway, Sweden, and nearly every country that uses the Euro.

 - https://www.skrill.com/skrillit/?locale=en
 - http://www.bitcoins.co.ke/forum/showthread.php?tid=143

Will sell at the Bitstamp spot rate, converted to your currency using XE.com rates if you are sending from other than U.S.

PM me for more.
158  Economy / Service Announcements / Re: [ANN] LocalBitcoins.com - a location-based bitcoin to cash marketplace on: May 05, 2014, 11:29:29 AM
Last update 16 hours ago:

We are restoring the site and you can log in already. Some contacts might not yet be available. Transactions are delayed.
 - https://twitter.com/LocalBitcoins/status/463035216471539712

Looks like they re-opened prematurely .... seeing sluggish performance, getting HTTP 500 errors, etc.
159  Bitcoin / Bitcoin Discussion / Re: re-use of addresses on: May 04, 2014, 10:33:57 PM
ok, so I understand that you shouldn't re-use an address

GreenAddress just wrote a blog post on address re-use:
 - http://blog.greenaddress.it/2014/04/30/reusing-addresses-is-bad-m-kay/

But this view is not universal, apparently:

Quote
Attention #Bitcoin : contrary to what USG moles are peddling, NOT REUSING ADDRESSES IS BAD FOR YOUR PRIVACY. http://log.bitcoin-assets.com/?date=04-05-2014#659425
- http://twitter.com/Mircea_Popescu/status/463072372896333825

and then:
 - http://log.bitcoin-assets.com/?date=04-05-2014#659487

which I read but still have no idea why Mircea would make that claim.

Anybody?
160  Economy / Service Announcements / Re: [ANN] LocalBitcoins.com - a location-based bitcoin to cash marketplace on: May 03, 2014, 07:32:44 PM
There is no information out-of-band

Just a few minutes after I posted that, there was a blog post and Twitter status update -- so LocalBitcoins did address the outage out-of-band eventually.

As far as what happened:

Quote
LocalBitcoins received a very dangerous attack against the site infrastructure
The site will be down for a while as the system is being rebuilt

 - http://localbitcoins.blogspot.com/2014/05/attack-against-localbitcoins.html
Pages: « 1 2 3 4 5 6 7 [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 ... 458 »
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!