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981  Bitcoin / Bitcoin Discussion / Re: Bitcoin 2013: The Future of Payments - San Jose, CA - May 17-19, 2013 on: May 15, 2013, 11:01:36 AM
Side topic possibly some Pizza for the crowd

Incidentally Saturday, May 18th, is the 3rd anniversary of Laszlo's offer to pay 10,000 BTC to have 2 pizzas delivered to him.

There were some nibbles but nobody confirming they would do a deal, so three days later Laszlo asks:
 "So nobody wants to buy me pizza?  Is the bitcoin amount I'm offering too low?"

And following that a deal was struck. Two pizzas delivered for 10K BTC.
 - http://bitcointalk.org/index.php?topic=137.0
982  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 15, 2013, 10:55:37 AM
Im not a law expert so grant me that.  But in most developed countries, sending anonymous payments to anonymous users, tax free, and/or using an alternate currency within those borders is absolutely a violation of law.  It is in the US for sure.

FinCEN just provided guidance stating that Bitcoins can be used to pay for purchases from merchants.  

This is irregardless of the merchant remaining anonymous and/or the customer operating anonymously.

So, anonymous payments to anonymous users is most certainly not something FinCEN has indicated that it has any problem with.   Now, of course, if that transaction incurs a tax obligation, simply because it was paid using Bitcoins does not remove any obligations, so taxes would still be do.  But that doesn't make using Bitcoin illegal.

Care to clarify your statement?  
983  Bitcoin / Bitcoin Discussion / Re: Why Homeland Security might be the best thing to happen to Bitcoin on: May 15, 2013, 10:44:21 AM
Okay, as an American

You might want to put an asterisk on that statement:

Would anyone be interested in a Bitcoin meetup here in Milano?
984  Bitcoin / Development & Technical Discussion / Re: [pull] Remove send to IP address and IP transactions support on: May 15, 2013, 10:28:31 AM
Sorry for necrothread, but to bookend this thread:

As-of v0.8.0, the Bitcoin-Qt/bitcoind client no longer includes the code for IP transactions.
985  Economy / Service Discussion / Re: In reality, it may be cheaper not using Dwolla on: May 15, 2013, 03:16:42 AM
I think Coinbase is going to get a lot of Dwolla's business now.

Yup.  If Coinbase hadn't gotten their cash infusion (last week's $5M investment round), I would have been more concerned about this development with Dwolla. 

It still leaves us with too few methods to easily transfer fiat to and from bitcoins.

I'm hoping to learn a little more about Ripple over this weekend.  Hopefully we can start solving this problem ourselves in a manner in which a piece of paper from DHS has no impact.
986  Economy / Service Discussion / Re: Dwolla no longer allowed to deal with Mt. Gox? (DHS Shut them down?) on: May 15, 2013, 02:41:22 AM

3) DHS didn't seize anything, they simply stopped Dwolla from doing business with GOX

You must have a different definition of "seize" than the rest of the world.

Dwolla called it what it is ... "seize":

seizing the account of Mutum Sigillum LLC (“Mt. Gox”),


Also, Camp BX still allows Dwolla transfers, so the following is specific to Mt. Gox:

The bottom line is that you cannot convert BTC into USD via Dwolla, that's all.
987  Economy / Trading Discussion / Re: Best trading practice and tax obligations on: May 15, 2013, 02:30:56 AM
so I understand the exchange rate would have to be high to cover the 5% but can anyone share info regarding tax / financial obligations?

It is hard to understand your question.

If you sell a digital item for PayPal and as the seller there are tax / financial oblications, then you still would have those same obligations whether you accept wire transfer, or cash, or bitcoins.

Here's more info:
 - http://en.bitcoin.it/wiki/Tax_compliance

* People might be interested in purchasing digital product with their BTC but people with the digital product might not be interested in cashing out to BTC or vice versa

If you want to sell something in exchange for bitcoins but not hold bitcoins then you can use a payment processor so that there is no (zero, nada, 0.0) exchange rate risk to you.  Meaning you sell an item for $10, you get $10 sent to you (less payment processor fee, of about 1%).  (Of course, there could be bank transfer fees for the payouts as well, but those are trivial in the U.S. and many other places.)
988  Economy / Currency exchange / Re: Dwolla <-> MtGox under investigation? on: May 15, 2013, 02:15:46 AM
I thought Dwolla only processes fiat, not actual BTC.

Dwolla account-to-account transfers are one of the funding methods to send funds to Mt. Gox or to withdraw from Mt. Gox.

There are a half dozen threads on this development.  Here's one with more info:
 - http://bitcointalk.org/index.php?topic=205370.0
989  Economy / Service Discussion / Re: Where wil Ex-Gox users be going? on: May 15, 2013, 01:55:06 AM
So, where do we suspect they will most likely go?

Buying or selling?

When buying at Coinbase there's frequently the situation where they are out of stock, but you can usually always sell through them.  So the 1% fee there plus there might be a little wider spread between the bid/ask versus Mt. Gox, but ether way, it's pretty competitive.  The funds arrive via ACH direct deposit the same way that Dwolla withdrawals arrive.
990  Bitcoin / Bitcoin Technical Support / Re: Thanks, two more questions please? on: May 15, 2013, 01:19:15 AM
I am running qt version 4.8.3.

Sanity check.   Qt is the framework.  Bitcoin-Qt is an application.

You can see the version of Bitcoin-Qt by Help -> About Bitcoin.  [Edited, thanks Cyberdyne]
991  Bitcoin / Bitcoin Technical Support / Re: Thanks, two more questions please? on: May 15, 2013, 01:16:11 AM
will I have difficulty receiving bitcoin and be out of sync, as described in here http://bitcoin.org/may15.html..

Yes, as soon as there is a block that exceeds the max (expect it sooner rather than later), then your 0.4.8 will no longer take blocks.

You can also use v0.4.9 backport:
 - http://bitcointalk.org/index.php?topic=199699.0
992  Economy / Service Discussion / Re: What is the easiest/cheapest way to get USD out of gox to bank on: May 15, 2013, 12:58:48 AM
Buy BTC on Mt Gox, withdraw BTC to Coinbase, sell BTC for USD.

Or sell on Gox, xfer to CampBx sell BTC for USD...and withdrawl immediately to Dwolla....no 1% coinbase fee either.

And depending on which way the market sits at that moment of time you might actually get a higher selling price on Camp BX than on Mt. Gox, probably as the result of Camp BX being the only place that those with Dwolla can still buy bitcoins, and thus willing to pay above the Mt. Gox spot rate.
993  Bitcoin / Bitcoin Technical Support / Re: May 15 omg what do I do? on: May 14, 2013, 11:46:21 PM
15th May has arrived and I haven't yet done anything cos I didn't get chance.

Are you referring to the May 15th hard fork?

You don't need to do anything if you are using the Bitcoin-Qt/bitcoind client software v0.8.x or higher.

If you are using an older version of the client, you simply need to be using a version that supports more transactions per block.  This means v0.7.3 instead and other v0.7.x you might be using.  Or just go to v0.8.1.

Upgrading is simply installing the new client.  It will not erase your existing wallet, so there's no wallet migration or anything like that.

You will want to make sure you have a current backup before upgrading (well, you always want to make sure you have a current backup).


So is that what you meant about "May 15th"?

994  Economy / Service Discussion / Re: Now that Dwolla is gone, what is the cheapest way in US to get $ in/out of MtGox on: May 14, 2013, 11:18:05 PM
What our other options

This is becoming an XY problem.  

You describe the problem in moving money to Mt. Gox.   But you probably don't really want money at Mt. Gox, you want bitcoins.  [Edit: Unless you are an arb trader or market timer, then you truly want to move USDs.]

Does that help to solve your problem?
995  Bitcoin / Meetups / Re: Any Bitcoin Meetups in the Los Angeles or Orange County Areas? USA on: May 14, 2013, 10:35:35 PM
Are there any new meetups happening in the LA area soon? I'd like to get together and grab lunch and discuss bitcoins with some like-minded people.

There are meetups in San Diego May 28th and June 3rd.
 - http://www.meetup.com/Bitcoin-in-San-Diego/

There are no scheduled events for LA:
 - http://www.meetup.com/Los-Angeles-Bitcoin/

You could simply give a date, time and location and see who shows up.     

There are enough people in the area involved in (or wanting to become involved in) Bitcoin for these meetups to become worthwhile.  Amazing to see it gain traction in the Bay Area so quickly and yet be relatively unseen here in L.A.
996  Bitcoin / Meetups / Re: [ANN] Going to Bitcoin Conference 2013 San Jose, CA (Rollcall & Hotel Choice) on: May 14, 2013, 10:27:15 PM
This was gmaxwell's cautionary note in another thread.  Thought it would be a good reminder here too:

Another piece of fun advice:  Laptop thefts happen with some regularity at tech conferences ... at a Bitcoin conference if the thieves don't STEAL ALL THE LAPTOPS, they're sleeping on the job.

Prepare for theft by having a good backup and either not leaving coins on your laptop or at least using full disk encryption and wallet encryption. Be prepared to keep your laptop with you at all times. Consider bringing a lock for it.

And my footnote to that:

Let's hope Marriott and the rest of the major hotels are done changing all the guest room locks:
 - http://arstechnica.com/security/2012/12/fix-for-hotels-electronic-door-lock-hack-slow-to-roll-out/
997  Bitcoin / Bitcoin Discussion / Re: Bitcoin 2013: The Future of Payments - San Jose, CA - May 17-19, 2013 on: May 14, 2013, 10:25:02 PM
Another piece of fun advice:  Laptop thefts happen with some regularity at tech conferences ... at a Bitcoin conference if the thieves don't STEAL ALL THE LAPTOPS, they're sleeping on the job.

Prepare for theft by having a good backup and either not leaving coins on your laptop or at least using full disk encryption and wallet encryption. Be prepared to keep your laptop with you at all times. Consider bringing a lock for it.

Let's hope Marriott and the rest of the major hotels are done changing all the guest room locks:
 - http://arstechnica.com/security/2012/12/fix-for-hotels-electronic-door-lock-hack-slow-to-roll-out/
998  Economy / Service Discussion / Re: How to use 2-factor auth on mtgox, even without a smartphone on: May 14, 2013, 10:15:33 PM
I just implemented 2-factor authentication in gox and a few pools. What happens if I lose the device with my google authenticator on it? 

Each E-Wallet vendor may have differing practices. 

With Mt. Gox, I believe you need to re-verify your identity (sending in a new copy of your ID).  They might ask some questions, like how much was your balance, the amount of your last deposit, etc.

Google has a method to move the Google auth OTP stuff from one phone to the next, but I'm not sure if that helps with lost phones.

What you can do is copy the "secret" that is shown (it's just a string), or print out the QR code, so you have a backup of it so that you can re-load the code to a new device if you happen to lose your existing device.    Since you can't re-display the secret you are already using, you'ld need to remove OTP then re-add it and save a copy of the new secret code.
999  Economy / Service Discussion / Re: How long does Mt Gox Dwolla deposit take? on: May 14, 2013, 09:59:58 PM
Well, that solves that!

 - http://betabeat.com/2013/05/department-of-homeland-security-shuts-down-dwolla-payments-to-and-from-mt-gox/
1000  Bitcoin / Press / Re: 2013-05-14 polycimic: How Bitcoin Could Help the World's Poorest People on: May 14, 2013, 09:47:27 PM
Bitcoin has the potential to meet at least some of these challenges more quickly and at less cost than any other tool currently available.

The poorer have less of a cushion to weather adverse changes in the purchasing power of bitcoins held.  This doesn't mean Bitcoin still won't work, it just means they'll probably want to use a payment processor who stores value in some unit that is less volatile. 

What I'ld like to see is something like Bridgewalker app in which the funds are not just USD but instead a basket of commodities suited for the type of future buying an individual might encounter.  For instance, if a quarter of my spending is on food, another quarter on gas, and maybe some materials like cotton then I might want a basket that has 25% of the value in agricultural commodities (meats and grains), a 25% in energy (e.g., crude oil), and then some in soft commodities (cotton, lumber, etc.) with the remainder in precious metals, etc.

That way you have low volatility for your store of value but the actual exchange is in bitcoins so you gain the benefit of that being a low cost, low friction payment method. (i.e., the recipient doesn't need to know you were using something like Bridgewalker as you paid in bitcoins.)

Here's the link to Bridgewalker:
 - https://www.bridgewalkerapp.com

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