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1441  Economy / Speculation / Re: Bitcoin deposits not reflecting in Mtgox on: March 20, 2013, 12:36:18 AM
Is someone in the same situation as i am?Huh?

It's not just you:

I am having some problems with my MTGOX account. I already credited it my mtgox account with 8-9 btc's.
And the transactions have like 10-11 confirmations. BUT still havent gone anything credited to my mtgox account.

1442  Bitcoin / Technical Support / Re: Huge problem. on: March 20, 2013, 12:35:43 AM
I am having some problems with my MTGOX account. I already credited it my mtgox account with 8-9 btc's.
And the transactions have like 10-11 confirmations. BUT still havent gone anything credited to my mtgox account.
2 hour have passed.. please anyone help?
It should have been there since 6 confirms not 12..
Btw dont ask if i sent to wrong btc address because i have checked it like 300 times if i did something wrong.

It's not just you ...

Is someone in the same situation as i am?Huh?
1443  Economy / Speculation / Re: Banks closed in Japan Wednesday on: March 20, 2013, 12:14:22 AM
Does this mean there will be no new money on Gox tomorrow or are they operating out of more countries these days ?

I hope the Wednesday dip is more impressive than the weekend dip has been lately.   Cheesy
1444  Other / Beginners & Help / Re: Question: Wallet Address in MultiBit on: March 19, 2013, 11:13:15 PM
I now have 1 BTC in my wallet Cheesy


And you've made a backup, right?
1445  Bitcoin / Press / Re: 2013-03-19 BitcoinFoundation.org - Today, we are all money transmitters… on: March 19, 2013, 11:01:14 PM
Money transmitters and exchangers have to be transmitting and exchanging for someone, and presumably that someone does not himself qualify as a money transmitter or exchanger.

That's because they first paint with the wide brush:
 
Quote
The term “money transmission services” means the acceptance of currency, funds, or other value that substitutes for currency from one person and the transmission of currency, funds, or other value that substitutes for currency to another location or person by any means.

then they have the limitations:

Quote
31 CFR 1010.100

(ii) The term “money transmitter” shall not include a person that only:

(F) Accepts and transmits funds only integral to the sale of goods or the provision of services, other than money transmission services, by the person who is accepting and transmitting the funds.

 - http://www.ecfr.gov/cgi-bin/text-idx?c=ecfr&SID=7c3244a442513cbcf5fbef276eee622a&rgn=div8&view=text&node=31:3.1.6.1.2.1.3.1&idno=31
1446  Other / Beginners & Help / Re: Bitinstant into BTC-E? on: March 19, 2013, 10:31:16 PM
How can I use bit-instant to put money into BTC-E ?

I see the option on btc-e site, but it directs me to bitinstant which says nothing about btc-e anywhere

It looks like it is only income (from BTC-e) at the moment, though I'm not sure.

I do see that AurumXChange (VouchX) can be transferred to BTC-E vouchers.    I don't know the conversion cost, ... probably isn't cheap, but it is one path.
1447  Bitcoin / Bitcoin Discussion / Re: FinCEN addresses Bitcoin on: March 19, 2013, 10:07:31 PM
Excerpt from prepared remarks of

Jennifer Shasky Calvery,
Director,
Financial Crimes Enforcement Network

She gave the keynote in Miami this morning for today's session of the MoneyLaundering.com's 18th annual AML conference.

Quote
To date, FinCEN’s analysts have explored and produced reference products for law enforcement on many traditional and emerging payment systems. These include: cross border funds transfers and correspondent accounts, money transmitters, online payment systems, prepaid cards, and mobile payments. FinCEN’s analysts then follow up this work by providing in-person analysis and training to thousands of investigators each year.

In addition to developing products to help law enforcement follow the financial trails of emerging payments methods, FinCEN also develops guidance for the financial industry to clarify their regulatory responsibilities as they relate to emerging areas.

In fact, just yesterday, FinCEN issued interpretive guidance to clarify the applicability of BSA regulations to virtual currencies. The guidance responds to questions raised by financial institutions, law enforcement, and regulators concerning the regulatory treatment of persons who use virtual currencies or make a business of exchanging, accepting, and transmitting them.

FinCEN’s rules define certain businesses or individuals as money services businesses (MSBs) depending on the nature of their financial activities. MSBs have registration requirements and a range of anti-money laundering, recordkeeping, and reporting responsibilities under FinCEN’s regulations. The guidance considers the use of virtual currencies from the perspective of several categories within FinCEN’s definition of MSBs.

The guidance explains how FinCEN’s “money transmitter” definition applies to certain exchangers and system administrators of virtual currencies depending on the facts and circumstances of that activity. Those who use virtual currencies exclusively for common personal transactions like receiving payments for services or buying goods online are not affected by this guidance. Those who are intermediaries in the transfer of virtual currencies from one person to another person, or to another location, are money transmitters that must register with FinCEN as MSBs unless an exception applies. Some virtual currency exchangers are already registered with FinCEN as MSBs, though not necessarily as money transmitters. The guidance clarifies definitions and expectations to ensure that businesses engaged in similar activities are aware of their regulatory responsibilities.

 - http://www.fincen.gov/news_room/speech/pdf/20130319.pdf
 - http://bit.ly/YpohMG  <-- PDF Viewer in Google Docs.
1448  Bitcoin / Bitcoin Discussion / Re: Mobile Wallet War on: March 19, 2013, 09:32:47 PM
Different names for the same thing: fiat money.

I use the Starbucks mobile app occasionally.  It simply spits out a unique ID that their system uses to check my balance, and then subtract my purchase amount from my balance.  Works pretty slick.

I've used Google Wallet but just once.   Took me about 5 minutes to do first-time set up (nobody was behind me at the counter) due to intermittent data connectivity (indoors of a heavy steel structure).  Have considered using it again, but just for the novelty.  If I'm going to do a Visa/MC charge, I'll pull a card out and swipe.

The TabbedOut one is interesting.  They could easily add BitPay integration or something like that so that Bitcoin users would have a growing selection of restaurants when considering places where bitcoins can be spent.  The founder of TabbedOut @OrrRick had met with #TheRealPlato during is cross-country Biticoin road trip in 2011 and they discussed Bitcoin as a potential payment method.

There's at least a half dozen others not on that list (e.g., KuaPay), and that's just ones I'm familiar with.   Lots of $s going into mobile payments, and Bitcoin is the one with the most potential (and proportionally the least development).
1449  Economy / Trading Discussion / Re: Volume on: March 19, 2013, 09:09:44 PM
What spurred this huge jump in volume today?

Lack of options for shorting.
1450  Other / Beginners & Help / Re: Shorting Bitcoins? on: March 19, 2013, 09:09:09 PM
Is there a way to short sell bitcoins?  I mean, is there a mechanism set up for me to be that their value will decrease?

There are some suggestions here:

You can sell BTC/USD futures contracts on ICBIT.se, with leverage up to 10X (actually significantly higher, depends on each contract)
 - http://www.ICBIT.se

Another form of shorting bitcoins is to buy PUT options on MPOE.    Or the trading methods offered through 1Broker provide a way to go short.

None of those are offered from a financial institution in the U.S.  That might cause some to see the counterparty risk as being unacceptably high.

CoinSetter could be the first U.S.-based organization to offer methods to go short.  Kraken is another.  Neither is open to the public yet.

There are other methods coming as well.

When they arrive, they will be added to the list here:
 - http://en.bitcoin.it/wiki/Trade#Financial
1451  Bitcoin / Press / Re: NEW articles in Press Forum on: March 19, 2013, 06:39:14 PM
2013-03-19 BitcoinFoundation.org - Today, we are all money transmitters…
https://bitcointalk.org/index.php?topic=155010.0
1452  Bitcoin / Press / 2013-03-19 BitcoinFoundation.org - Today, we are all money transmitters… on: March 19, 2013, 06:38:31 PM
By Bitcoin Foundation general counsel Patrick Murck

Upon an initial reading two things struck me:
FinCEN firmly believes that virtual currency in general, and bitcoin in particular, does not fall under the pre-paid access rules.
FinCEN seems intent on recreating and expanding the pre-paid access rules for virtual currency and bitcoin under the mantle of money transmission.
[...]
Under the Administrative Procedures Act (APA), FinCEN can’t promulgate new rules without going through a notice and comment proceeding whereby the public may have their voices heard. If FinCEN would like to expand its statutory authority over “money transmitters” to include brand new categories such as 'administrators' and 'exchangers' of digital currency it must do so through proper rulemaking proceedings and not by fiat.
[...]
FinCEN’s guidance implies that every person who has ever had any virtual currency and has ever exchanged that virtual currency for real currency may now be considered a money transmitter under the Bank Secrecy Act. That is, of course, an untenable position.
[...]
This framework would wildly expand the reach of FinCEN and the BSA, and would be infeasable for many, if not most, members of the bitcoin community to comply with.  [...] The BSA was never intended to apply this broadly and reach this far into people’s everyday lives.

 - https://bitcoinfoundation.org/blog/?p=152
1453  Other / Beginners & Help / Re: btc-e vs mtgox price influence on: March 19, 2013, 05:18:18 PM
if btc-e dies, would mtgox cause the price to increase?

Not sure, as both happens so frequently I don't know if you could determine if correlation is causation.
1454  Economy / Speculation / Re: Parity watch -> Malawi on: March 19, 2013, 05:14:46 PM
It appears Bitcoin's M1 is already higher than M1 of the following countries:

That's getting serious.
1455  Other / Beginners & Help / Re: Newbie time required not shown on: March 19, 2013, 05:13:12 PM
what is considered "time spent online?" How is that calculated?

Activity keeps your session alive, and it notices inactivity after a few minutes.  So if you only navigate once an hour for four hours, you'll get like twelve minutes of time logged.

There is a whitelist request thread, you can post there but your request probably needs to be meritorious versus just chasing the Ripple handout.
1456  Bitcoin / Bitcoin Discussion / Re: FinCEN addresses Bitcoin on: March 19, 2013, 02:51:50 PM
Incidentally,

AML specialists are hard at work this week for the moneylaundering.com 18th Annual International AML & Financial Crime Conference at the Westin in Miami:





 - http://www.moneylaunderingconference.com/2013/default.asp

They might be overjoyed to learn that through this guidance FinCEN found some new meat to help them generate some billable hours that well allow them to make it through these lean times.
1457  Bitcoin / Project Development / Re: ICBIT Derivatives Market (USD/BTC futures trading) - LIVE on: March 19, 2013, 02:39:26 PM
As I have negative initial margin it doesn't allow me to send orders which would close my position.

If that is correct, that's new-ish.
1458  Other / Beginners & Help / Re: I am a certified Anti-Money Laundering agent. (AMLCA) on: March 19, 2013, 01:49:09 PM
The general understanding is that a merchant selling goods and services and accepting bitcoin as payment is not an exchange or money transmitter.

Is this a safe assumption because:

Quote
FIN-2013-G001

An exchanger is a person engaged as a business in the exchange of virtual currency for real currency, funds, or other virtual currency

 - http://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html

and the mechant is not engaged in the exchange so therefore isn't an exchanger?


Or, is it because:

Quote
31 CFR § 1010.100(ff)(5)(ii)(F):

The term “money transmitter” shall not include a person that only:
(F) Accepts and transmits funds only integral to the sale of goods or the provision of services, other than money transmission services, by the person who is accepting and transmitting the funds.
1459  Economy / Trading Discussion / Re: bitcoins to AUD on: March 19, 2013, 01:23:49 PM
Here's a fairly comprehensive list of exchanges, a few in Australia:
 - http://en.bitcoin.it/wiki/Buying_bitcoins

I'm going to China for work soon

Incidentally, that must be about the sixth time I've heard from someone saying that or read about someone planning that in just the past week.
1460  Bitcoin / Development & Technical Discussion / Re: strange transaction on: March 19, 2013, 12:37:09 PM
Thanks, I did send 2 btc to another address and it was received ok. However the other inputs which were input correctly then (strangely) debited   remain a mystery as to how that happened?.

Well, technically you did not send 2 BTC.  

Instead, your client chose the following UTXO transactions and sent:
  1.2251 BTC, plus
  0.04516 BTC, plus
  0.575 BTC, plus
  0.15333002 BTC, plus
  0.00717549 BTC, plus
  0.00716474 BTC

Which all combined totals: 2.01293025 BTC.  From that you specified that 2.0 BTC of it goes to a certain address and then the change, 0.01293025 BTC came back to you at another address from your wallet.

Or are we somehow talking past each other here?
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