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1801  Other / Beginners & Help / Re: Newbies this is for you | Coinev.com | Another bitcoin faucet rotator on: June 18, 2014, 03:07:38 PM
Works now.  May have just been heavy traffic or something.
No. its about my hosting platform.It not paid hosting.
1802  Other / Beginners & Help / Re: Newbies this is for you | Coinev.com | Another bitcoin faucet rotator on: June 18, 2014, 01:15:57 PM
Site is accessible
1803  Other / Beginners & Help / Re: Newbies this is for you | Coinev.com | Another bitcoin faucet rotator on: June 18, 2014, 07:27:25 AM
The website is accessible, but it is not for me as I am not newbies. Tongue
I am also making a Bitcoin Homepage which you will like
1804  Bitcoin / Project Development / Re: Coinev.com | Collect free bitcoins every hour | Smart Faucet Rotator on: June 18, 2014, 06:03:14 AM
I also have to line up the faucets.Do you have any list or rankings of faucets?
1805  Other / Beginners & Help / Re: Newbies this is for you | Coinev.com | Another bitcoin faucet rotator on: June 18, 2014, 06:00:34 AM
This site is live Newbie.Why your are seeing error
1806  Bitcoin / Project Development / Re: Coinev.com | Collect free bitcoins every hour | Smart Faucet Rotator on: June 18, 2014, 05:59:19 AM
Nice work. Just a couple tips about your UI:

#1— The background's fairly distracting. I'd either decrease its opacity, tone down the contrast, or switch to something like a colour/patterned background. You can also help things by adding a drop-shadow to the white text.

#2— Try to line things up & fix up the spacing. The "EARN" button is directly below the text-box, not lined up horizontally or vertically. There could be more space between "BTC Address:" and the box, which by the way looks disproportionately fat.

Other than that, great job; I like the nice & simple concept.

Thanks bro for your suggestion.
These suggestion will be implmented in next few hours.any other ideas?
1807  Bitcoin / Bitcoin Discussion / One group controls 51% of bitcoin mining threatening secuirty sanctity #threats on: June 17, 2014, 04:53:35 PM
Fears that a Bitcoin mining pool controls more than half the total computational power used to create the digital currency have prompted a decline in its value.

Bitcoin was hovering around $600 on Monday, according to CoinDesk.com, which tracks prices on exchanges, down from $653 on Wednesday.

The decline follows reports that a group is now in a position to conduct a so-called “51 percent attack” on the cryptocurrency, a situation in which it could potentially interfere with transactions or even spend bitcoins twice.

GHash.IO is one of a number of pools devoted to mining, or generating, bitcoins through computationally intensive calculations—and, in the process, maintaining the shared log of all validated bitcoin transactions, called the block chain.

Unlike the other, competing, pools, however, GHash.io now controls over 50 percent of the total computing power used to mine bitcoins, allowing its controllers, if they were so minded, to reject transactions validated by other miners. The mere potential for such abuse has worried supporters of the once-decentralized currency, and even prompted Bitcoin developer Peter Todd to sell half his bitcoin holdings.

“I’ve known for awhile now that the incentives Bitcoin is based on are flawed for many reasons and seeing a 50 percent pool even with only a few of those reasons mattering is worrying to say the least,” Todd wrote.

Part of Bitcoin’s appeal to users is that it’s supposed to be a peer-to-peer store of value with no central authority. Promotional website Bitcoin.com, run by Bitcoin ledger Blockchain.info, describes it as the first decentralized digital currency.

“This is a big deal, and it would be a mistake to downplay it in the hope to buoy Bitcoin prices,” Cornell University researchers Ittay Eyal and Emin Gün Sirer wrote on the Hacking, Distributed blog.

“It will be difficult to attract new people to Bitcoin when it’s controlled or controllable by a single entity.”

CEX.IO, a Bitcoin exchange affiliated with the GHash mining pool, has tried to reassure Bitcoin enthusiasts.

“I want everyone to know—we are aware of the 51 percent on *@ghash_io,” Jeffrey Smith, CIO of CEX.IO, wrote on Twitter last week. “We would never harm the community.”

Andreas Antonopoulos, chief security officer at Blockchain.info, downplayed the GHash share, writing on Twitter, “I do not worry about a 51% attack on bitcoin. It is neither likely, nor effective and it completely contravenes the incentives of miners.”
1808  Bitcoin / Bitcoin Discussion / Re: ‘Bitcoin Jesus’ Calls Rich to Tax-Free Tropical Paradise | #bitcoin #jesus on: June 17, 2014, 12:27:10 PM
He’s known as Bitcoin Jesus in the world of cyber-currencies. Though he can’t promise you heaven, he is offering a haven: a condo in the Caribbean that comes with a new passport and almost zero taxes.

Meet Roger Ver, ex-U.S. citizen, ex-convict, millionaire investor, self-described libertarian and founder of Passports for Bitcoin.com.

The ever-expanding universe of what you can buy with bitcoins includes a hotel stay in Rome, a kimono in Tokyo, and cable TV in the U.S. Ver, a pioneer investor in bitcoin startups, now says he can add citizenship to the list.

Specifically, that’s the right to live in the Federation of St. Kitts and Nevis, two sun-kissed islands a three-hour flight from Miami. St. Kitts has run an invest-and-become-a-citizen program since 1984, making it the oldest of its kind, says the country’s website.

Plunk down $400,000 for real estate and you get a passport that allows visa-free travel to 120 countries. There are no taxes on personal income or capital gains and the islands’ restrictive disclosure laws offer shelter from outside scrutiny, according to the Tax Justice Network, a think tank that studies secrecy jurisdictions.

Ver’s website, in English, Russian and Chinese, offers a way to purchase a piece of that paradise with bitcoins. He says it will help people who are hemmed in by government restrictions on cash transactions.

“I’m going to China next month to explain to people that bitcoin is the easiest way to pay for things outside the country,” Ver said during a meeting this month at the plush 51st floor lounge of Tokyo’s Roppongi Hills.

Trader, Hacker, Boxer

A trim 35-year-old with a crew cut, in a black polo shirt and slacks, Ver looked a little like an electronics salesman at a big-box retailer. Still, a crowd of followers hung on his every word. A former derivatives trader at Goldman Sachs Group Inc., a hacker, and a professional boxer were all there to pitch ideas or talk bitcoin with the master.

Ver got rich investing in bitcoin early and has become a regular speaker at industry conferences. He’s provided seed funds for a dozen prominent startups including Kraken, an exchange where people buy and sell the digital currency, and Blockchain, an online wallet used to store it.

Bitcoin was invented in 2008 as a currency that could be used without government oversight. That’s drawn people who want to trade illicit goods like drugs and guns. It’s also gained support from libertarians like Peter Thiel, the billionaire co-founder of PayPal who plans to build an artificial island where people can do whatever they want. Ver’s passport site, his latest venture, is a scaled down version of that ideal.

Evade Taxes

“St. Kitts’ government is much more libertarian compared with the U.S.,” Ver said. “It’s not even close. So all these early bitcoin adopters, of course if they have the means, they’d rather be a citizen of St. Kitts.”

However they pay to get in, people usually seek out countries like St. Kitts so they can evade taxes, says John Christensen, director of the Tax Justice Network. The U.S. Treasury Department last month said the island’s passports are being used to facilitate financial crime.

“To be blunt, we talk about places like St. Kitts as places where you go to escape from responsibilities,” Christensen, an expert on tax havens, said by phone from London. “St. Kitts sells secrecy on the international market and, unsurprisingly, attracts all types of dirty money.”

Gaining Citizenship

Erasmus Williams, press secretary for St. Kitts, didn’t respond to phone calls or e-mailed questions about the Citizenship-By-Investment program.

A woman who answered the phone at the Office of the Prime Minister said the program is “not a matter of buying passports, it’s about gaining citizenship.”

Nonetheless, no residency or visit is needed, just that $400,000 investment -- re-sellable after five years -- or a non-refundable $250,000 donation to the country, according to St. Kitts’s official website.

For those who don’t get the message the first time, the site repeats in bold print: “No personal visit required.”

Still, wealthy Chinese have a tough time buying in because government limits on money transfers stop them from sending more than $50,000 worth of cash overseas each year.

“The processing agent in St. Kitts told me he feels bad for all of his Chinese clients,” Ver said. “They have to reach out to all different friends and relatives and get them to all send the money in drips and drabs. Bitcoin solves all of that.”

Anonymous Ledger

That’s because it was designed to be anonymous. While an online public ledger stores every single Bitcoin transaction, the entries don’t include the names and addresses required for bank accounts.

In practical terms, a person in Beijing can buy bitcoins at home through BTC China, OKCoin or numerous other exchanges. With a few swipes on a smartphone, the money can then be beamed to St. Kitts with no government on Earth the wiser.

The U.S. lost its allure for Ver after he was sentenced to 10 months in federal prison after selling about 14 pounds of explosive without a license on the EBay auction site. The product, “Pest Control Report 2000,” was basically a firecracker to scare birds away from cornfields, Ver says.

Locked Up

“I didn’t do anything wrong. I didn’t hurt anybody. I had nothing but happy customers and the U.S. government locked me in a cage because of that,” he said. “So I want nothing to do with those people. I don’t want to support them. I want them out of my life.”

Ver moved to Tokyo after finishing probation in 2006. He got his St. Kitts passport on Feb. 13, 2014, and abandoned his U.S. citizenship by the end of the month.

“I would have done it the same day if I could,” he said. “They told me I had to have a one-week cooling-off period. They said, ‘Did you know if you renounce citizenship, you won’t be able to serve in the armed forces?’ It was like, ‘darn.’”

Although Ver’s computer parts business made him a millionaire by the time he was 25, the real money came after he bought tens of thousands of bitcoins in 2011. They cost about $1 each then. Today they trade at about $601, according to the CoinDesk price index.

Bitcoin Evangelist

Ver said he earned his moniker, Bitcoin Jesus, by telling anyone who would listen about bitcoin well before other venture capital companies paid any attention to the digital currency.

One of the people who got a dose of Ver’s sermons was the agent who processed his application for citizenship, Paul Bilzerian. Bilzerian is a former corporate raider who moved to St. Kitts after long battles with the U.S. Securities and Exchange Commission and two stints in prison for securities fraud and conspiracy to defraud the government of millions.

The two men bonded over the belief they’d been targeted by U.S. authorities, according to Ver. Together, they started passportsforbitcoin.com in April, Ver said.

Bilzerian, who is one of several-dozen licensed government processers in St. Kitts, declined to comment in an e-mail.

Their website says a second passport insulates you from governments that intrude on citizen’s lives. The site also has testimonials from Ver and Bilzerian’s son, Dan, a 30-something professional poker player with millions of followers on Instagram, where he posts pictures of himself with half-naked women, along with his gun collection. He didn’t respond to e-mailed questions forwarded through his press agent.

“I value freedom more than almost anything else and a second or third passport provides me insurance just in case the U.S. government decides to value security over freedom,” Bilzerian’s son writes on the passport website.

enjoyed this coinbuddy, thanks

Welcome

Roger Ver is a big hero of mine
1809  Bitcoin / Project Development / Re: Coinev.com | Collect free bitcoins every hour | Smart Faucet Rotator on: June 17, 2014, 12:15:10 PM
UPDATE-
I am also going to add a page in which top bitcoin website will be listed,top bitcoin sites mean the website in which almost everyy user is registered like freebitco.in,CEX,Bitcointalk.org forum etc.This page can be your browser homepage whenever you open a browser or tab it will be there,so you don't have to type the link every time.It will be a Bitcoiner Dashboard.There will be live bitcoin price and the news about the bitcoin.
Stay tuned for more features
1810  Bitcoin / Project Development / [UPDATE]Coinev.com | Smart Faucet Rotator | 65 Faucets added on: June 17, 2014, 11:51:27 AM
Coinev.com is my recently developed website,in which you can earn free bitcoins every hour without clicking and surfing on different websites.It is still in beta mode.In coinev you can move forward to the next website by just dragging your mouse over next button,thats why it is called smart faucet rotator.You BTC address will be shown on top of page.There is not much ads on the pages and no other pop ups,there is only one ad at the footer of the website.I have added 65 faucets will add more soon.It works on simple HTML/PHP.It have clean stylish template

Here is kink ''www.coinev.com''
.
Write a review for my website below also you can give me suggestions and ideas for its development.If you want to add your faucet in my rotator then PM me i will add that faucet.I have added the faucet in ascending order of reward

Thanks

Regards,
Sama(CoinBuddy)
1811  Other / Beginners & Help / Re: Making bitcoins online on: June 17, 2014, 10:08:19 AM
Hey use this service "coinev.com"
1812  Other / Beginners & Help / Newbies this is for you | Coinev.com | Another bitcoin faucet rotator on: June 17, 2014, 09:47:32 AM
Hi,
All newbies wants to earn their first bitcoin instantly.So i have developed a new faucet rotator for all newbies.In which they don't need to click for next website and other option.You just have to drag your mouse over the next button for the next faucet.It is fast and easy to use with a very clean template.It will helpful for you to earn bitcoins instantly.
here is the link of the website
 Enjoy the latest bitcoin faucet rotator
1813  Economy / Digital goods / Post has been deleted on: June 17, 2014, 06:24:59 AM
Post has been deleted
1814  Bitcoin / Bitcoin Discussion / Apple 'stamp of approval' for Bitcoin points away from Apple currency #apple on: June 16, 2014, 05:21:12 PM
After Apple changed the rules on virtual currencies, the first Bitcoin apps are returning to the App Store.
[/color]
Bitcoin has been given a big boost of Apple appeal as virtual currency apps return to the App Store. Industry observers describe the move as a "stamp of approval" for Bitcoin that plays down speculation Apple could be planning to mint its own Bitcoin-style payment method.

This weekend, Coin Pocket was the first virtual currency-focussed app to return to the US App Store. Features of the app include sending and receiving Bitcoins or transfer funds from other Bitcoin wallets.

Bitcoin is the best known virtual digital currency, or "cryptocurrency", a form of money that isn't tied to any nation, bank or central authority. You can buy or sell bitcoins and store them in a digital wallet, then use them to pay for stuff or exchange directly with other people online.

Virtual currency has proved controversial for its use as an off-the-grid method of payment for drugs and other illegal activities in so-called Deep Web outlets like the Silk Road marketplace. But it's also becoming increasingly accepted in the mainstream, with shops and bars accepting payment in Bitcoin, ATMs appearing around the world, and even local authorities creating their own virtual currencies. Just last week, travel booking site Expedia gave a thumbs-up to Bitcoin.

Apple's attitude to Bitcoin has so far been cautious. Late last year, virtual currency apps including Blockchain, Coinbase and Gliph were removed or rejected from the App Store. Rather than taking a stance against online currencies, Apple was covering itself against possible legal issues. Some governments have issued guidance on virtual currencies, but the legality of such currency remains a grey area in some respects. In Japan, for example, the government earlier this year banned banks from dealing in Bitcoin.

But Apple changed its guidelines for app developers at the start of this month to facilitate transmission of virtual currency within apps. The new rules allow for virtual currency apps as long as they comply with the laws of the areas where they operate, whether those laws are at the national, state, or local level.

Apple's approval of Bitcoin apps lends yet more credence to the currency, according to Garrick Hileman, economic historian at the London School of Economics and the founder of MacroDigest. "Apple's volte-face on Bitcoin is significant for a number of reasons," he says. "It's symbolic of mainstream companies recognising that Bitcoin is not just your typical flash-in-the pan alternative currency, but something more important that's here to stay."

Apple's decision also makes Bitcoins more accessible to the average person. "Holding and transacting Bitcoins is still too complex and risky for the vast majority of people who trust and rely on companies like Apple to curate a safe selection of applications in its App Store," says Hileman. "Apple's "stamp of approval" should have a material positive impact on Bitcoin's adoption rate."

That said, Hileman points to the advice of Bitcoin core developer Gavin Andresen that you should only invest what you can afford to lose.

Cupertino currency

Hileman believes Apple's green-lighting of Bitcoin dampens speculation around the Cupertino-based company making its own version of Bitcoin: "Currencies thrive when they are widely accepted, not when they are forced to live inside a walled garden. It's unlikely that we'd see wide acceptance of competing alternative currencies launched by Apple, Amazon, PayPal, Apple, Google, and other companies which are looking closely at alternative currencies right now. Embracing an external alternative currency like Bitcoin, which has the first-mover advantage in this space, is a move I expect other leading tech and consumer firms to ultimately embrace."

But before Bitcoin fans get too excited, virtual currency journalist David Gilson points out that, "Apple's new guidelines refer to transmission of so-called "approved virtual currencies." There are no assurances that Bitcoin wallets won't be pulled again if Apple decide it isn't an approved currency -- especially if Apple comes up with its own payment system that would compete with Bitcoin."

In the meantime, Apple doesn't want to exclude Bitcoin devotees. "Apple restoring Bitcoin apps will certainly stop that niche group of users migrating to Android just so they can have mobile wallets," suggests Gilson.

1815  Bitcoin / Project Development / Re: Bitcoin Startup | BitLevers | CrowdFunding | Hourly Faucet Idea | #idea on: June 16, 2014, 08:07:52 AM
Nice Idea... but doubt about viability... Too much of work for too little money ...IMO Wink

See the working of player
On first spin he gets 0.00000250btc
He wants to play more,he deposit his btc for external account to Our Btc address and buys spins for 0.01BTC.
and then probablity works
1816  Bitcoin / Project Development / Bitcoin Startup | BitLevers | CrowdFunding | Hourly Faucet Idea | #idea on: June 16, 2014, 08:00:01 AM
Hi,
Today i am going to show you another bitcoin startup idea about the hourly bitcoin faucet.Its is named as bitcoin lever,it is very simple but interesting game.User will be given 1 spin for every hour by which they can pull the lever down and the spining start it will be working on probablity.The average hourly rewards should be 200 satoshis.The amazing thing in this idea is that they can also buy more spins by depositing their BTC.
I have created a sketch of the games
If you think this idea is helpfull for you to making a business.You can donate me some
BTC
1EUnEZq3dQ2EGbqLF5SRqw81r6SKiFuJ2B
PM Me for suggestion and developement in this idea
1817  Bitcoin / Bitcoin Discussion / Re: Expedia Starts Accepting Bitcoin For Hotel Bookings #expedia #bitcoin on: June 16, 2014, 07:37:36 AM
HOLY SHIT EXPEDIA?Huh Finally a company I use all the fking time!!111 Yess finally I can use bitcoin!!

but i like expedia
1818  Bitcoin / Bitcoin Discussion / ‘Bitcoin Jesus’ Calls Rich to Tax-Free Tropical Paradise | #bitcoin #jesus on: June 16, 2014, 07:36:38 AM
He’s known as Bitcoin Jesus in the world of cyber-currencies. Though he can’t promise you heaven, he is offering a haven: a condo in the Caribbean that comes with a new passport and almost zero taxes.

Meet Roger Ver, ex-U.S. citizen, ex-convict, millionaire investor, self-described libertarian and founder of Passports for Bitcoin.com.

The ever-expanding universe of what you can buy with bitcoins includes a hotel stay in Rome, a kimono in Tokyo, and cable TV in the U.S. Ver, a pioneer investor in bitcoin startups, now says he can add citizenship to the list.

Specifically, that’s the right to live in the Federation of St. Kitts and Nevis, two sun-kissed islands a three-hour flight from Miami. St. Kitts has run an invest-and-become-a-citizen program since 1984, making it the oldest of its kind, says the country’s website.

Plunk down $400,000 for real estate and you get a passport that allows visa-free travel to 120 countries. There are no taxes on personal income or capital gains and the islands’ restrictive disclosure laws offer shelter from outside scrutiny, according to the Tax Justice Network, a think tank that studies secrecy jurisdictions.

Ver’s website, in English, Russian and Chinese, offers a way to purchase a piece of that paradise with bitcoins. He says it will help people who are hemmed in by government restrictions on cash transactions.

“I’m going to China next month to explain to people that bitcoin is the easiest way to pay for things outside the country,” Ver said during a meeting this month at the plush 51st floor lounge of Tokyo’s Roppongi Hills.

Trader, Hacker, Boxer

A trim 35-year-old with a crew cut, in a black polo shirt and slacks, Ver looked a little like an electronics salesman at a big-box retailer. Still, a crowd of followers hung on his every word. A former derivatives trader at Goldman Sachs Group Inc., a hacker, and a professional boxer were all there to pitch ideas or talk bitcoin with the master.

Ver got rich investing in bitcoin early and has become a regular speaker at industry conferences. He’s provided seed funds for a dozen prominent startups including Kraken, an exchange where people buy and sell the digital currency, and Blockchain, an online wallet used to store it.

Bitcoin was invented in 2008 as a currency that could be used without government oversight. That’s drawn people who want to trade illicit goods like drugs and guns. It’s also gained support from libertarians like Peter Thiel, the billionaire co-founder of PayPal who plans to build an artificial island where people can do whatever they want. Ver’s passport site, his latest venture, is a scaled down version of that ideal.

Evade Taxes

“St. Kitts’ government is much more libertarian compared with the U.S.,” Ver said. “It’s not even close. So all these early bitcoin adopters, of course if they have the means, they’d rather be a citizen of St. Kitts.”

However they pay to get in, people usually seek out countries like St. Kitts so they can evade taxes, says John Christensen, director of the Tax Justice Network. The U.S. Treasury Department last month said the island’s passports are being used to facilitate financial crime.

“To be blunt, we talk about places like St. Kitts as places where you go to escape from responsibilities,” Christensen, an expert on tax havens, said by phone from London. “St. Kitts sells secrecy on the international market and, unsurprisingly, attracts all types of dirty money.”

Gaining Citizenship

Erasmus Williams, press secretary for St. Kitts, didn’t respond to phone calls or e-mailed questions about the Citizenship-By-Investment program.

A woman who answered the phone at the Office of the Prime Minister said the program is “not a matter of buying passports, it’s about gaining citizenship.”

Nonetheless, no residency or visit is needed, just that $400,000 investment -- re-sellable after five years -- or a non-refundable $250,000 donation to the country, according to St. Kitts’s official website.

For those who don’t get the message the first time, the site repeats in bold print: “No personal visit required.”

Still, wealthy Chinese have a tough time buying in because government limits on money transfers stop them from sending more than $50,000 worth of cash overseas each year.

“The processing agent in St. Kitts told me he feels bad for all of his Chinese clients,” Ver said. “They have to reach out to all different friends and relatives and get them to all send the money in drips and drabs. Bitcoin solves all of that.”

Anonymous Ledger

That’s because it was designed to be anonymous. While an online public ledger stores every single Bitcoin transaction, the entries don’t include the names and addresses required for bank accounts.

In practical terms, a person in Beijing can buy bitcoins at home through BTC China, OKCoin or numerous other exchanges. With a few swipes on a smartphone, the money can then be beamed to St. Kitts with no government on Earth the wiser.

The U.S. lost its allure for Ver after he was sentenced to 10 months in federal prison after selling about 14 pounds of explosive without a license on the EBay auction site. The product, “Pest Control Report 2000,” was basically a firecracker to scare birds away from cornfields, Ver says.

Locked Up

“I didn’t do anything wrong. I didn’t hurt anybody. I had nothing but happy customers and the U.S. government locked me in a cage because of that,” he said. “So I want nothing to do with those people. I don’t want to support them. I want them out of my life.”

Ver moved to Tokyo after finishing probation in 2006. He got his St. Kitts passport on Feb. 13, 2014, and abandoned his U.S. citizenship by the end of the month.

“I would have done it the same day if I could,” he said. “They told me I had to have a one-week cooling-off period. They said, ‘Did you know if you renounce citizenship, you won’t be able to serve in the armed forces?’ It was like, ‘darn.’”

Although Ver’s computer parts business made him a millionaire by the time he was 25, the real money came after he bought tens of thousands of bitcoins in 2011. They cost about $1 each then. Today they trade at about $601, according to the CoinDesk price index.

Bitcoin Evangelist

Ver said he earned his moniker, Bitcoin Jesus, by telling anyone who would listen about bitcoin well before other venture capital companies paid any attention to the digital currency.

One of the people who got a dose of Ver’s sermons was the agent who processed his application for citizenship, Paul Bilzerian. Bilzerian is a former corporate raider who moved to St. Kitts after long battles with the U.S. Securities and Exchange Commission and two stints in prison for securities fraud and conspiracy to defraud the government of millions.

The two men bonded over the belief they’d been targeted by U.S. authorities, according to Ver. Together, they started passportsforbitcoin.com in April, Ver said.

Bilzerian, who is one of several-dozen licensed government processers in St. Kitts, declined to comment in an e-mail.

Their website says a second passport insulates you from governments that intrude on citizen’s lives. The site also has testimonials from Ver and Bilzerian’s son, Dan, a 30-something professional poker player with millions of followers on Instagram, where he posts pictures of himself with half-naked women, along with his gun collection. He didn’t respond to e-mailed questions forwarded through his press agent.

“I value freedom more than almost anything else and a second or third passport provides me insurance just in case the U.S. government decides to value security over freedom,” Bilzerian’s son writes on the passport website.
1819  Economy / Economics / Bitcoin Price Rebounds after hitting 550 USD | CCN | #bitcoin #crypto #economy on: June 15, 2014, 02:08:31 PM
As I predicted the Bitcoin price hit 550 USD early this morning (EST). Even though the price trend looked to be bearish, the price drop of more than 60 USD per BTC that we experienced today was probably mainly caused by US Marshal. In an announcement made for 11 hours ago, US Marshal explains that they will auction of the seized silk road bitcoins in an auction that will end on Monday 30th of June. This caused the Bitcoin price to take a plunge.

US Marshal will auction off 29,656.51306529 bitcoins and they are accepting offers based on these terms:

A manually signed pdf copy of the Bidder Registration Form
A copy of a Government-issued photo ID for the Bidder (or Control Person(s) of Bidder)
$200,000 USD deposit sent by wire transfer originating from a bank located within the United States (please provide receipt of transfer)
So if you have the funds for buying 29,656.51306529 at a discounted price (most likely), then go for it. It might be worth the hassle.

What is interesting about the move from US Marshal is that by doing a legal auction of bitcoins, they do legalize the use and trading of Bitcoin. Not in a formal way, but why would the US Marshal sell bitcoins if other authorities in the US would prohibit the use of Bitcoin? US Marshal do not auction of drugs or guns, but they auction of bitcoins. This could be a pointer of where the authorities in the US are heading when it comes to Bitcoin legalization (regulation).

Or, the different departments could all be non-communicating, meaning that the US Marshal move has not been influenced by any other party. If this is the case, there is no way to tell what other institutions might do regarding Bitcoin. It can go both ways.

Bitcoin Price Rebounds

If you look at the graph below, the price hit 550 USD twice at around 00:00 today EST time. It has then rebounded to about 600 use per Bitcoin. It is hard to tell whether or not the price will continue to increase, if it will stabilize around 600, or if the fear of the auction will continue to push the price down. If the winner of the auction to US Marshal buys the bitcoins for a discounted price, it might get the Bitcoin price to tumble even more due to the risk that the seller might cash in immediately.
1820  Bitcoin / Bitcoin Discussion / U.S. Marshals Are Selling 29,656.51306529 Bitcoin | The Atlantic | #bitcoin #US on: June 15, 2014, 02:03:42 PM
The United States government finds itself in possession of an odd asset that it must now auction: Bitcoin, the digital currency.

And we're not talking about a couple of spare bitcoin, but rather 29,657 bitcoin—which converts to more than $17 million based on today's exchange rate.

Marshals get their hands on (and subsequently auction off) all kinds of seized assets—luxuries like Lamborghinis, fur coats, and mansions—but this auction represents a new kind of wealth.

Under federal law, the government is required to auction the assets seized by Justice Department agencies like the Bureau of Alcohol, Tobacco and Firearms and the Drug Enforcement Agency. According to the U.S. Marshals website, more than 9,000 items of forfeited property bring in some $99 million a year.

The government seized this particular cryptocurrency windfall in a raid on servers for Silk Road, the black market website, last year. (The bitcoin being auctioned doesn't include the personal stash of Ross William Ulbricht, the suspected mastermind of Silk Road.)

Bidder registration opens on June 16 and closes June 23, according to a notice posted on the U.S. Marshals website. Only registered bidders can participate in the auction, which will take place over a 12-hour period on June 27.

Participants will be able to fight for nine blocks of 3,000 bitcoin—each block worth about $1.8 million based on today's conversion—and a single block of 2,657 bitcoin worth about $1.6 million.

"All bids," the government stipulates, "must be made in U.S. dollars."

Source "http://www.theatlantic.com/technology/archive/2014/06/us-marshals-are-selling-2965651306529-bitcoin/372770/"
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