Bitcoin Forum
July 04, 2015, 05:02:50 AM *
News: Change your password!
 
  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 59 60 61 62 63 64 65 66 67 68 69 70 ... 455 »
381  Bitcoin / Press / Re: 2013-08-20 Bloomberg.com - Bitcoin Spawns China Virtual IPOs as U.S. Scrutiny on: August 21, 2013, 03:48:02 AM
Quote
Hong Kong-incorporated 796 Xchange offers an online stock market for Bitcoin companies, as well as futures, financing and IPO services, all priced in Bitcoins, according to its website.


This is concerning.

The story is describing an investment in an online-only stock market that operates on the internet, under the radar of regulators.

These "stocks" traded probably could be named cyber-equities as they generally are for "assets" that are not necessarily legally-defined entities.  One of the "stocks" 796 offers (and the "IPO" that the story described) is for 796 itself (796Xchange-MRI).  

Any responsible reporting should caution the reader on the risks of such a market.

Either way, what is concerning is how the author of the article doesn't segregate the issues.  Bitcoin is like a commodity.  To date, no regulators have described Bitcoin as a security.    But these cyber-equities exchanges are not Bitcoin.   It's like describing how Germany's regulators described Bitcoin as being a legal private currency there and then extrapolating that into describing how that will legitimize purchases on Silk Road.  

Bitcoin and the ways it are used are completely different topics!
382  Bitcoin / Press / 2013-08-20 Bloomberg.com - Bitcoin Spawns China Virtual IPOs as U.S. Scrutiny on: August 21, 2013, 03:34:19 AM
Bitcoin Spawns China Virtual IPOs as U.S. Scrutiny Grows
By Lulu Yilun Chen

Quote
Sun has invested more than $3,000 in a company called 796 Xchange Ltd., an online exchange for trading stocks and other financial instruments related to Bitcoin, where initial public offerings are also being held.
[...]
Hong Kong-incorporated 796 Xchange offers an online stock market for Bitcoin companies, as well as futures, financing and IPO services, all priced in Bitcoins, according to its website.
[...]
The China Securities Regulatory Commission didnít respond to a faxed query on whether itís looking at new rules regarding Bitcoin.


 - http://www.bloomberg.com/news/2013-08-20/bitcoin-spawns-china-virtual-ipos-as-u-s-scrutiny-grows.html
383  Bitcoin / Mining speculation / Re: Does anyone have estimates of the cost of a 51% attack at various times? on: August 21, 2013, 02:55:00 AM
Even if you had the money, nobody is producing enough equipment for you to buy it.

Exactly.  Unless the attacker created an ASIC or has had 50% of the orders in with the existing manufacturers there's simply no amount of money that will yield enough hardware to get 50% of the hashing capacity out there.   Perhaps a globally coordinated seizure of output from all the ASIC vendors might get the attacker that much hardware but then the chance of a "surprise" (necessary for executing a successful 51% for the purpose of double spending) drops to zero.
384  Economy / Securities / Re: [POLL] Which BTC stock exchange do you prefer? Follow up on recent comparison on: August 21, 2013, 01:45:42 AM
Suggested reading:

Bitcoin ďStock MarketsĒ - Itís Time To Have A Chat
 - http://bitcoinmoney.com/post/23499116232
385  Economy / Service Announcements / Re: A progressive Bitcoin futures exchange: 796 Exchange on: August 21, 2013, 01:07:50 AM
796 got some press:
 - http://www.bloomberg.com/news/2013-08-20/bitcoin-spawns-china-virtual-ipos-as-u-s-scrutiny-grows.html

[Update: This is not an endorsement.  I've never used 796, and know nearly nothing about it.]
386  Bitcoin / Bitcoin Discussion / Re: Some Open Transaction Questions... on: August 21, 2013, 01:05:17 AM
As far as i understand each type of goods has an issuer. Who is the issuer of Bitcoins in that system? Or would i issue Bitcoins by claiming i have some?

A Bitcoin voting pool is described in the Auditing page on the OT wiki.  As is auditing for physical:
 - https://github.com/FellowTraveler/Open-Transactions/wiki/Auditing
387  Other / Beginners & Help / Re: Buying bitcoins in Chile? on: August 21, 2013, 12:45:35 AM
A digital currency exchange service for buying with cash in Chile:

 - http://mibi.cl
 - https://twitter.com/mibilletera/status/369828907307900929
388  Bitcoin / Bitcoin Discussion / Re: Virtual Currencies Compliance Conference (VC3) hosted by NMTA in New York City on: August 20, 2013, 08:01:18 PM
The VC3 page now has links to the (powerpoint) presentations:
 - http://nmta.us/site/page.php?570
389  Economy / Economics / Re: Bitcoin Adopting Countrys' Ultimate Guide to Taxation on: August 20, 2013, 07:37:13 PM
there is a need for a different taxation system than we currently have.

Cash is a payment method that too can be used anonymously.  The use of cash hasn't caused the current taxation system to be abandoned.
390  Bitcoin / Technical Support / Re: Double-spending vs Double-spending on: August 20, 2013, 05:48:52 PM
Obviously 1. != 2. so I think we should use another word for describing 2.
I've never seen anybody using another word, did you?

A spend with Bitcoin is a "confirmed" transaction.   Most services do not credit a transaction as confirmed until there are six block that have confirmed the transaction.  

So 1 == 2 in that context (with the exception of systemic failure like what happened with the March 2013 hard fork in which even a confirmed transaction got double spent).

I'm not talking about these (which deserve their names) but rather about things like this: https://bitcointalk.org/index.php?topic=232979.0 or https://bitcointalk.org/index.php?topic=231309.0 (ie rebroadcasting the same tx with more fees for example, nothing malicious)

But the term double spending is never used (as far as I've seen) when referring to "replace by fee" capability:
 - http://bitcointalk.org/index.php?topic=199947.0
391  Bitcoin / Legal / Re: List of court cases, complaints, regulatory actions, etc. on: August 20, 2013, 04:35:29 PM
Seizure Warrant - Funds in Dwolla account of Mutum Sigillum, LLC [Mt. Gox]
May 14, 2013
Location: USA

Abstract: The U.S. Dept. of Homeland Security (DHS) has seized funds in the accounts used by Mt. Gox at Dwolla and Wells Fargo.

Update to this ...

When the seizure warrant was executed, $2,915,507.40 was the amount seized from Dwolla:
 - http://www.scribd.com/doc/161492071/Bitcoin-Mt-Gox-Warrant-Executed
392  Bitcoin / Press / Re: 2013-08-20 MT GOX Dwolla Seizure was $2,915,507.40 on: August 20, 2013, 04:32:19 PM

They also had a bank account in Deleware in which funds were seized if I remember correctly.

Update: Wells Fargo, a/c# 7657841313

Quote
On May 9, 2013, the Honorable Stephanie A. Gallagher issued a seizure warrant for the
contents of the Mutum Sigillurn LLC account at Wells Fargo, based on the foregoing
information. Bank records also show that nearly all of the activity in that Wells Fargo account
consists of wires between that account and Dwolla, which represent bitcoin transactions for
customers. The other transactions in this account are not significant in number or amounts.
- http://cdn.arstechnica.net/wp-content/uploads/2013/05/Mt-Gox-Dwolla-Warrant-5-14-13.pdf
393  Bitcoin / Bitcoin Discussion / Re: High Risk Merchant Accounts on: August 20, 2013, 04:00:45 PM
Relevant article on Coindesk:

Bitcoin could be a boon for porn and other high-risk merchants
 - http://www.coindesk.com/bitcoin-could-be-a-boon-for-porn-and-other-high-risk-merchants/
394  Bitcoin / Technical Support / Re: Sent money are stuck on: August 19, 2013, 07:04:06 PM
my client says "Seen by 1 node".

What client?

If you are using the Bitcoin-Qt/bitcoind client make sure it is left running and has established connections so that it can re-broadcast the transaction.
395  Bitcoin / Project Development / Re: Bounty 20 BTC: Wi-Fi Hotspot, enabled by bitcoin on: August 19, 2013, 06:46:17 PM
Keeping an eye on this:

Bitcoin Wifi Hotspot running on Raspberry Pi.
 - http://bitcointalk.org/index.php?topic=277584.0
 - http://www.reddit.com/r/Bitcoin/comments/1ko3sz
396  Bitcoin / Bitcoin Discussion / Re: History of United States Anti-Money Laundering Laws on: August 18, 2013, 09:58:10 PM
Incidentally, the source:

 - http://www.fincen.gov/news_room/aml_history.html
397  Bitcoin / Mining / Re: What is the best site that explain mining? on: August 18, 2013, 04:40:30 PM
Hardly any progammers or miners like my explanation of how mining works using the concept of a "reverse bingo", but a few non-techncial people have claimed that my explanation has helped them understand mining better than any other explanation they've seen:
 - http://bitcoin.stackexchange.com/a/3978/153
398  Bitcoin / Bitcoin Discussion / Re: using tails OS on usb as a secure hardware wallet? on: August 18, 2013, 02:45:31 AM
can this be used as a safe secure hardware wallet?
for example store the private key along on the tails usb
boot, create a simple new blockchain.info wallet,
add private key sign transactions, sweep private key from blockchain.info wallet that was just created,
eject usb reboot system,

can something other then blockchain.info be used with tails to sign transactions?

Related:

BTCVault
 - http://dswd.github.io/btcvault/security.html
 - http://bitcointalk.org/index.php?topic=163763.0

USB wallet (Puppy Linux):
 - http://bitcointalk.org/index.php?topic=257672.0
399  Bitcoin / Press / Re: 2013-08-17 Coindesk.com - Bitcoin Law: What US businesses need to know on: August 18, 2013, 02:25:23 AM
Basically, everywhere except for the United States.

Speeding is illegal on the roads within the U.S. yet the average speeds often exceed the posted limit.  Marijuana is illegal to possess, per federal law, yet a visitor to a city could likely find a source and acquire some in a matter of minutes.

But few people would go thirty miles over the speed limit without expecting a run-in with the law.

The point is, bitcoin has a future in the U.S. even if exchanges are regulated out of existence.
400  Economy / Marketplace / Re: NEFT Vodka and Bitcoin on: August 17, 2013, 09:16:44 PM
Still anxiously awaiting Neft Vodka's distribution in the U.S.

I'm curious if anyone knows ... is the vodka sold in the White Barrel any different product than that sold in the Black Barrel?
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 59 60 61 62 63 64 65 66 67 68 69 70 ... 455 »
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!