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441  Bitcoin / Bitcoin Discussion / Re: gambling for bitcoins: is there any legal precedent? on: July 26, 2011, 06:04:50 PM
Why would he speak to attorney? To get fleeced?

Send a letter to your State AG and The US AG and ask what their legal position is.
I'm sure they won't claim an interest until you convert into gov't issued currency.
442  Economy / Economics / Taking the risk out of bitcoin on: July 26, 2011, 04:55:52 PM
It seems pretty obvious that bitcoin has a lot of risk at the moment. The risk isn't because of bitcoin per se.
It's because bitcoin is cash like. I someone purchase something with bitcoin it is akin to sending the seller cash through the mail.
Most people don't do this because of the risk that is involved if the seller is perpetrating a fraud.

In the US, the legal remedies for interstate transactions are really shitty with cash. One reason being, there is no Federal Small Claims Court.
International transactions are even worse.

How the law treats bitcoin is a big unknown but as we can see even if it where legally treated as cash there would be issues.

Any ideas on how to remove the risk?
Private arbitration?
Escrow?
443  Economy / Goods / Re: 1992 Mitsubishi 3000GT - 200 BTC (Pics) on: July 26, 2011, 04:20:49 PM
Wow ,I would buy it just to be the first person to buy a car with bitcoin.
444  Other / Politics & Society / Re: Open Source programmer dude who tried to release JSTOR journal articles arrested on: July 26, 2011, 04:17:22 PM
What really ticks me off about this JSTOR thing is this.

Anyone can get remote online JSTOR access with a library card from the Boston Public Library.
The card is available to anyone. You don't need to be a Massachusetts resident.
Charges against this guy are beyond silly.
445  Economy / Games and rounds / Re: Free .01 BTC on: July 26, 2011, 02:53:41 AM
Your "Is it legal?" section is a frickin joke right?

My 2 cents is to take it down before someone relies on what was written and acts upon it to their detriment.
Your a$$ will be on the hook.
446  Other / Off-topic / Re: Help me spend $180 on something random on: July 26, 2011, 01:59:40 AM
You must be real bored ... you need one of these.

http://www.amazon.com/gp/product/B002QTB3TU/ref=pd_lpo_k2_dp_sr_2?pf_rd_p=486539851&pf_rd_s=lpo-top-stripe-1&pf_rd_t=201&pf_rd_i=B00162YWGE&pf_rd_m=ATVPDKIKX0DER&pf_rd_r=1SCKNTSG75A5XCQQJQQT
447  Bitcoin / Bitcoin Discussion / Re: Everything you want to know about "money". on: July 25, 2011, 10:05:07 PM
I don't think those video's qualify as strictly educational. Some of the stuff in them is dead wrong.
IMHO The bankers enslaved no one. People enslave themselves because of their tacit consent and affirmative acts.
I'm trying to post stuff about the fundamentals of money such as a promise to pay versus payment, discharging a debt versus payment, a debt in rem versus a debt in personam.

I know these seems like legalese bullshit but unfortunately they matter where the rubber hits the road, in court.
You can not agree all you want when your dragged into court. They force their will down people's throats.



448  Bitcoin / Bitcoin Discussion / Everything you want to know about "money". on: July 25, 2011, 07:43:31 PM
Here is a lot of debate on this site about what money.
Much of it is erroneous especially when it comes to the historical and legal aspects.
As of right now, the world is in a "promise to pay" legal tender system which has screwed up everyone.


This is a list of links to educate and illuminate the subject.

The Science of Money


Money and civilization: or, A history of the monetary laws and systems of various states and their influence on civilization

The history of money in America

History of monetary systems

Basic Monetary Concepts in Law

The theory of money in the Law of Commercial Instruments

The Concept of Lawful  Money

A note on Lawful Money

If you find this short index useful , put a drop in the bucket.. I actually have a ton more reading material but this should give anyone a start.

119CPaW1tUtMXKbUojPKrdvgAAWaRJX6d
449  Bitcoin / Bitcoin Discussion / Re: The coin just got brought up on BoingBoing again on: July 25, 2011, 04:21:29 PM
This guy is an idiot.

He actually said this.


 
Quote
the idea is to make something unforgeable as cheaply as possible. This is why all modern currencies are fiat currencies instead of being made out of gold.

Currencies aren't fiat instead of gold because of forgery. To make such an asinine and ill-informed statement says to me this guy don't have a clue.
450  Other / Politics & Society / Re: Open Source programmer dude who tried to release JSTOR journal articles arrested on: July 25, 2011, 02:25:22 AM
Quote
Copyright is a legal fiction representing a narrow compromise: we give
up some of our natural right to exchange information in exchange for
creating an economic incentive to author, so that we may all enjoy more
works.

It's a shame how many people buy into this absurd notion.

+1

The is no such thing as copyright at common law , it's a creation of statute.



451  Other / Beginners & Help / Re: Validation on: July 25, 2011, 02:17:26 AM
Non-technical explanation...

The amount of bitcoins has is stored by the entire network. If  what the client transmits don't jibe , the transaction will be rejected
452  Other / Politics & Society / Re: Open Source programmer dude who tried to release JSTOR journal articles arrested on: July 24, 2011, 10:06:32 PM
Notice Greg Maxwell's Bitcoin donation address at the end of the README file? This Bitcoin thing sure is catching on.

That's why i posted the read me Cheesy

He probably needs funds for legal defense.

 
453  Economy / Economics / Re: Bitcoin Economic Numbers on: July 24, 2011, 05:09:31 AM
Your not considering the fact Bitcoin  goes to 8 decimal places. When all Bitcoins are finally issued , there will be 2,100,000,000,000,000 units. That's more than enough.
454  Economy / Economics / Re: There is no backing for Bitcoin, and there needn't be. on: July 24, 2011, 04:59:18 AM
Yea! The 1000th Bitcoin has no backing thread!

For the 1001th time. Yes it does.

"Backing" is a valuable consideration that would support a simple contract. Third party authentication is a valuable consideration, ask any notary public.

I'm going to guess you didn't even read the OP =)  "Uses" of something do not "back" that thing's value. Gold can be used to create jewelry... but it is misguided to say that usage in jewelry "backs" gold's value. Nothing backs gold - it is a thing in and of itself. Bitcoins are the same, nothing backs them, and nothing need back them for them to be valuable.

That's not a very good analogy. Using gold as jewelry is not a service. The nodes on bitcoin network provide a service. You need bitcoins to access that service. Therefore bitcoins are backed by the right to do mulitple third party authenticated transactions on the bitcoin network.

455  Other / Politics & Society / Re: Open Source programmer dude who tried to release JSTOR journal articles arrested on: July 24, 2011, 04:45:13 AM
Read Me from the torrent...


Quote
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

  This archive contains 18,592 scientific publications totaling
33GiB, all from Philosophical Transactions of the Royal Society
and which should be  available to everyone at no cost, but most
have previously only been made available at high prices through
paywall gatekeepers like JSTOR.

Limited access to the  documents here is typically sold for $19
USD per article, though some of the older ones are available as
cheaply as $8. Purchasing access to this collection one article
at a time would cost hundreds of thousands of dollars.

Also included is the basic factual metadata allowing you to
locate works by title, author, or publication date, and a
checksum file to allow you to check for corruption.

ef8c02959e947d7f4e4699f399ade838431692d972661f145b782c2fa3ebcc6a sha256sum.txt

I've had these files for a long time, but I've been afraid that if I
published them I would be subject to unjust legal harassment by those who
profit from controlling access to these works.

I now feel that I've been making the wrong decision.

On July 19th 2011, Aaron Swartz was criminally charged by the US Attorney
General's office for, effectively, downloading too many academic papers
from JSTOR.

Academic publishing is an odd system—the authors are not paid for their
writing, nor are the peer reviewers (they're just more unpaid academics),
and in some fields even the journal editors are unpaid. Sometimes the
authors must even pay the publishers.

And yet scientific publications are some of the most outrageously
expensive pieces of literature you can buy. In the past, the high access
fees supported the costly mechanical reproduction of niche paper journals,
but online distribution has mostly made this function obsolete.

As far as I can tell, the money paid for access today serves little
significant purpose except to perpetuate dead business models. The
"publish or perish" pressure in academia gives the authors an impossibly
weak negotiating position, and the existing system has enormous inertia.

Those with the most power to change the system--the long-tenured luminary
scholars whose works give legitimacy and prestige to the journals, rather
than the other way around--are the least impacted by its failures. They
are supported by institutions who invisibly provide access to all of the
resources they need. And as the journals depend on them, they may ask
for alterations to the standard contract without risking their career on
the loss of a publication offer. Many don't even realize the extent to
which academic work is inaccessible to the general public, nor do they
realize what sort of work is being done outside universities that would
benefit by it.

Large publishers are now able to purchase the political clout needed
to abuse the narrow commercial scope of copyright protection, extending
it to completely inapplicable areas: slavish reproductions of historic
documents and art, for example, and exploiting the labors of unpaid
scientists. They're even able to make the taxpayers pay for their
attacks on free society by pursuing criminal prosecution (copyright has
classically been a civil matter) and by burdening public institutions
with outrageous subscription fees.

Copyright is a legal fiction representing a narrow compromise: we give
up some of our natural right to exchange information in exchange for
creating an economic incentive to author, so that we may all enjoy more
works. When publishers abuse the system to prop up their existence,
when they misrepresent the extent of copyright coverage, when they use
threats of frivolous litigation to suppress the dissemination of publicly
owned works, they are stealing from everyone else.

Several years ago I came into possession, through rather boring and
lawful means, of a large collection of JSTOR documents.

These particular documents are the historic back archives of the
Philosophical Transactions of the Royal Society—a prestigious scientific
journal with a history extending back to the 1600s.

The portion of the collection included in this archive, ones published
prior to 1923 and therefore obviously in the public domain, total some
18,592 papers and 33 gigabytes of data.

The documents are part of the shared heritage of all mankind,
and are rightfully in the public domain, but they are not available
freely. Instead the articles are available at $19 each--for one month's
viewing, by one person, on one computer. It's a steal. From you.

When I received these documents I had grand plans of uploading them to
Wikipedia's sister site for reference works, Wikisource— where they
could be tightly interlinked with Wikipedia, providing interesting
historical context to the encyclopedia articles. For example, Uranus
was discovered in 1781 by William Herschel; why not take a look at
the paper where he originally disclosed his discovery? (Or one of the
several follow on publications about its satellites, or the dozens of
other papers he authored?)

But I soon found the reality of the situation to be less than appealing:
publishing the documents freely was likely to bring frivolous litigation
from the publishers.

As in many other cases, I could expect them to claim that their slavish
reproduction—scanning the documents— created a new copyright
interest. Or that distributing the documents complete with the trivial
watermarks they added constituted unlawful copying of that mark. They
might even pursue strawman criminal charges claiming that whoever obtained
the files must have violated some kind of anti-hacking laws.

In my discreet inquiry, I was unable to find anyone willing to cover
the potentially unbounded legal costs I risked, even though the only
unlawful action here is the fraudulent misuse of copyright by JSTOR and
the Royal Society to withhold access from the public to that which is
legally and morally everyone's property.

In the meantime, and to great fanfare as part of their 350th anniversary,
the RSOL opened up "free" access to their historic archives—but "free"
only meant "with many odious terms", and access was limited to about
100 articles.

All too often journals, galleries, and museums are becoming not
disseminators of knowledge—as their lofty mission statements
suggest—but censors of knowledge, because censoring is the one thing
they do better than the Internet does. Stewardship and curation are
valuable functions, but their value is negative when there is only one
steward and one curator, whose judgment reigns supreme as the final word
on what everyone else sees and knows. If their recommendations have value
they can be heeded without the coercive abuse of copyright to silence
competition.

The liberal dissemination of knowledge is essential to scientific
inquiry. More than in any other area, the application of restrictive
copyright is inappropriate for academic works: there is no sticky question
of how to pay authors or reviewers, as the publishers are already not
paying them. And unlike 'mere' works of entertainment, liberal access
to scientific work impacts the well-being of all mankind. Our continued
survival may even depend on it.

If I can remove even one dollar of ill-gained income from a poisonous
industry which acts to suppress scientific and historic understanding,
then whatever personal cost I suffer will be justified—it will be one
less dollar spent in the war against knowledge. One less dollar spent
lobbying for laws that make downloading too many scientific papers
a crime.

I had considered releasing this collection anonymously, but others pointed
out that the obviously overzealous prosecutors of Aaron Swartz would
probably accuse him of it and add it to their growing list of ridiculous
charges. This didn't sit well with my conscience, and I generally believe
that anything worth doing is worth attaching your name to.

I'm interested in hearing about any enjoyable discoveries or even useful
applications which come of this archive.

- ----
Greg Maxwell - July 20th 2011
gmaxwell@gmail.com  Bitcoin: 14csFEJHk3SYbkBmajyJ3ktpsd2TmwDEBb

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Version: GnuPG v1.4.11 (GNU/Linux)

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rJcAoNF4/QTdxYscvF2nklJdMzXFDwtF
=YlVR
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456  Other / Politics & Society / Re: Would killing the minimum wage help? on: July 24, 2011, 04:31:47 AM
Screw you.  I should get to decide the terms and conditions under which I will work, not you.  Take your fairy tale bullshit somewhere else.

Sorry for taking away your freedom to work for next nothing in a sweatshop factory, just like those workers in China and India "decided" on the terms of their wages. Forgive me <3

uhmmm.... no one is forced to be an "employee". Likewise no one as a right to be an employee either.

Being an employee is subservience and a unique trick of government. People should be working for themselves through voluntary partnership not Master/slave-Guardian/Ward relationships.
457  Other / Politics & Society / Re: The Biggest Gun Wins? on: July 24, 2011, 04:07:29 AM
Some people are real foolhardy. They want an  group of strangers to have powers they won't allow themselves to have.
458  Other / Politics & Society / Re: Would killing the minimum wage help? on: July 24, 2011, 04:04:49 AM
Doesn't it require force to prevent people from raping you in the street?

Honestly, this should be considered a symptom of dementia. Is it now considered violent and immoral to defend your own person?


Actually it's a legal and moral duty to defend yourself.
459  Economy / Goods / Re: 3 full bitcoin machines setups for sale on: July 24, 2011, 02:40:50 AM
WTH is a 5930?
460  Other / Beginners & Help / Re: First commercial ASIC miner specifications and pre-launch on: July 24, 2011, 02:31:58 AM
There are already SHA-256 cores for sale.
http://www.cast-inc.com/ip-cores/encryption/sha-256/
http://www.heliontech.com/downloads/fast_hash_asic_datasheet.pdf
This guys is acting like there is some huge secret to keep. Give me a break. I'm calling bullshit.
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