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1461  Economy / Speculation / Re: Where are all these bought bitcoins going? on: January 09, 2012, 07:04:41 AM
People I've introduced to bitcoin have bought over 1500 BTC in the past month... mostly just for long term speculation, but if smartphone wallet software gets better and more merchants come on board I'm sure they'll be interested in playing around with some of that for spending too.



1462  Bitcoin / Bitcoin Discussion / Re: Bitcoin in tv show -The Good Wife - Episode 3.13 - Finding Mr. Bitcoin on: January 09, 2012, 04:50:32 AM
New promo video: http://www.youtube.com/watch?v=2BwzF7nhq48

Hmm.. looks that sweetener is not being paid in bitcoins - damn.
1463  Economy / Speculation / Re: We have a sustained rally, AND in 1 week is the "Good Wife" Bitcoin episode on: January 09, 2012, 04:45:59 AM
New promo vid for the good wife: http://www.youtube.com/watch?v=2BwzF7nhq48
1464  Economy / Speculation / Re: We have a sustained rally, AND in 1 week is the "Good Wife" Bitcoin episode on: January 09, 2012, 04:02:37 AM
This can only push the rally higher.

No - it could already be priced in. This means we may just see a 'disappointment-dip' following the episode - just as we saw after a certain overhyped bitcoin conference in New York.

Nevertheless, I think it's a great talking point for bitcoin and is good publicity in the long run even if it has no immediate discernable effect.
1465  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: January 07, 2012, 05:36:17 PM
Single mention of bitcoins.

Quote
Party drugs popular with online shoppers

ALICE MONFRIES
2012-01-07

http://www.news.com.au/national/party-drugs-popular-with-online-shoppers/story-e6frfkvr-1226239065881

"Once in, the website brazenly advertises cocaine, LSD, ecstasy and other illicit substances, which are purchased with virtual currency called "Bitcoins" and delivered to the buyer through Australia Post."

Discussion thread: https://bitcointalk.org/index.php?topic=56971.0
1466  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: January 07, 2012, 07:52:18 AM
Well this isn't exactly a press hit - but worth noting here anyway I think.

Quote
The First Bitcoin Vending Machine Transaction

GoWest
2012-01-06

http://www.thebitcointrader.com/2012/01/first-bitcoin-vending-machine.html

http://www.youtube.com/watch?feature=player_embedded&v=pDOcLros-w0#!

" Stuart W. Card, PhD of Critical Technologies Inc. made the first ever purchase (a bag of popcorn) from a vending machine using a QRcode and a smartphone Bitcoin wallet, in the laboratory of Upstate Networks Incorporated (developers of BTCVend [tm] and DroidVend [tm])."

Discussion thread: https://bitcointalk.org/index.php?topic=56993.0
1467  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: January 06, 2012, 05:13:02 AM
Quote
BitMit.net Addresses the Need for a Bitcoin Oriented Auction Site

Kit Dotson
2012-01-05

http://siliconangle.com/blog/2012/01/05/bitmit-net-addresses-the-need-for-a-bitcoin-oriented-auction-site/

"A new Internet auction house that the developers expect should mimic eBay with bitcoins has cropped up and it looks like business is growing."
1468  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: January 05, 2012, 04:26:19 AM
This is notable here, because the author is our beloved julz Wink

http://bitcoinmedia.com/the-effs-own-chilling-breeze/

"BTC is not a crime"

That's unfair!  but thanks Smiley
There are so many better articles from the Bitcoin community that don't get a mention here because they don't quite fit the intent of this thread.

One of the criteria I usually use is that if the audience for an article is primarily outside the existing bitcoin community - it's worth posting here.. but it's often not clear anyway.
1469  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: January 05, 2012, 04:22:20 AM
Quote
How I became a Bitcoin trader

2012-01-04
Matthew DeBord

http://www.scpr.org/blogs/economy/2012/01/04/4168/how-i-became-bitcoin-trader/

"I suppose I could call this "Bitcoin Challenge" to parallel the "Bike Challenge" I'm also currently engaged in. "
...

"I welcome anyone who wants to pick this strategy apart to do so because I have no idea what I'm doing...for now!"
1470  Bitcoin / Bitcoin Discussion / Re: Needed: short examples of organisations rejecting BTC based on legal concerns on: January 05, 2012, 03:30:36 AM
The article needs another run of copy-editing: there are numerous simple typos in it that would be a good idea to correct.  Some can easily be caught with spellcheck.

Thanks - but I only found 1.   donator changed to donor (that is a bit embarrassing!)
edit: make that 2!   harrassment -> harassment.

Note that this is Australian/UK English - hence 'ise'  vs 'ize'  - but of course I don't apply this to any US English quotes.
Also - typos in quoted sections are deliberately left as is.

Other minor points I can think of are that perhaps twitter & facebook should be capitalised. (fixed)

If you have any I've missed - please share. Cheers!

1471  Bitcoin / Bitcoin Discussion / Re: Where to publish short Bitcoin article/parody? on: January 04, 2012, 03:51:21 PM
Thanks for the offers!
Even Matthew's parody offer.. 60+ colour pages every month eh!  awesome Smiley

It's been published here: http://bitcoinmedia.com/the-effs-own-chilling-breeze/



Wha?

I was being serious you know. We are distributing a digital magazine starting this month.

Hmm. That's what comes of coming across as something of a joker/prankster I guess!
Well - I look forward to seeing it.
60+ pages every month does sound ambitious - but I see from the work you put into your bittalk.tv christmas special that you like to bite off more than you can chew and then chew like buggery, so I apologise and withdraw my skepticism Smiley
1472  Bitcoin / Bitcoin Discussion / Re: Needed: short examples of organisations rejecting BTC based on legal concerns on: January 04, 2012, 03:05:27 PM
I think this article is a slap in the face to what I think the position the EFF really takes.

I go to DefCon annually... EFF goes there too... they definitely know about bitcoins and take an active interest.

I believe EFF is keeping their hands off bitcoin donations so they can preserve their neutrality just in case they ever need to go to bat for Bitcoin.  So to accuse the EFF of "chilling effects" for abandoning them as a donation method could be viewed as somewhat ungrateful if viewed in light of what their actual intent is very likely to be.

No, I don't think they have some specific grandiose plan of being the Bitcoin white knight - but they DO understand that it's a world-changing technology and they DO have an interest in keeping their ability to fight for it intact without being accused of a conflict of interest for accepting them as donations.  It should be pretty easy to see how their credibility fighting for Bitcoin would be easily and totally undermined by an adversary who points out that Bitcoin is a source of revenue for them.

Please... please... please... don't criticize the EFF for their decision to stop accepting bitcoin donations.  They are some smart folks, and they know what they are doing.

The criticism isn't specifically for them not accepting bitcoins - it's for the overly vague statements about legal issues.
I do appreciate they're essentially in favour of freedom to use new technologies without excessive legal intrusions.

If that explanation is all they intend to give, it's rather unfortunate that they ever accepted bitcoins in the first place and I suspect they may agree.  

It's the about-face without adequate follow-up that concerns me.  It's been 6 months.
Their explanation in June was a great big 'dunno - therefore avoid'.  The apparent reasonableness of this from the perspective of  various potential adopters of bitcoin is why this is so damaging, and I say - chilling.

If the business (and NGO) community is encouraged to steer a country-mile clear of where some imagined legal line may lie - you can bet that when the barely technology-grasping Senators come to decide just where to solidify that line, it'll be a whole lot easier for them to place it just in front of our feet.  

I think their June article gave an excessive impression of legal risk, not specifically for the EFF, but in a more general sense.
(compare with the cited 'innovation and legal panic' article also from June)

In making such a backtrack based on nebulous legal fears, they should have foreseen a chilling effect and specifically discussed it, and ways the community and potential adopters could work together to move forward.
I'm not under the illusion that that would be an easy piece to write, but I don't believe they were particularly consultative with the bitcoin community on this.

I'm unconvinced by your argument that accepting them could raise any conflict of interest.
a) they have multiple methods to receive payments
b) It would be a simple matter to temporarily suspend a particular method if & when a specific case regarding it came up.




1473  Bitcoin / Bitcoin Discussion / Re: Where to publish short Bitcoin article/parody? on: January 04, 2012, 01:08:27 PM
Thanks for the offers!
Even Matthew's parody offer.. 60+ colour pages every month eh!  awesome Smiley

It's been published here: http://bitcoinmedia.com/the-effs-own-chilling-breeze/

1474  Bitcoin / Bitcoin Discussion / Re: Needed: short examples of organisations rejecting BTC based on legal concerns on: January 04, 2012, 12:57:29 PM
Thanks for responses! (got a very useful one in PM from istar)

The article has been published now: http://bitcoinmedia.com/the-effs-own-chilling-breeze/
1475  Bitcoin / Bitcoin Discussion / Re: Bitcoins are not, in practice, fungible on: January 04, 2012, 06:56:28 AM
I think it's a good idea to do this kind of tracing of stolen coins. Theoretically, if people know that if they buy stolen coins they might not be able to resell them, they might not buy them in the first place. As a result, thieves will have a tougher time unloading stolen coins.

I have some coins to sell you.

Are they stolen or are they legit?  Please let me know how you verify.

The only person getting stuck w/ tainted coins is victims.

Worst case scenario is it simply makes Bitcoins less valuable for theives (i.e. less than face value) as they will want to unload them quickly before being considered tainted (and thus once again only screw over the person who unkowingly buys them.

Even if there was a global universal database of tainted coins (a pipe dream if I ever heard one) here is a timeline.

1) I steal 10,000 coins.
2) Knowing time is of the essence I unload them before the victim even discovers they have been stolen.   The more I discount them the quicker I can sell them. 
3) Victim reports coins as stolen.
4) Some central authority  (Mt Gox Police Dept??) verifies the claim of stolen coins and within hours? days? weeks? updated the global registry of stolen coins.

Not my problem I already have unloaded them to some suckers who see the value of their coins becomes worthless.

Now how many victims have to see their coins become worthless before people start saying "Fuck Bitcoin your coins can become worthless at any point in time"?  What do you think that will do to the overall value of Bitcoin as a mechanism for exchange?

This is a strawman of how any government tainting system would ever operate.
The coins in the innocent party's hands wouldn't automatically become worthless.

The coins would, upon entering one of the government audited merchants/exchanges be either taxed heavily, or placed in temporary escrow.
The point being - that the affected person could then provide information as to where the tainted coins came from in order to get their funds back, thus getting the regulators a step closer to the thief.

I'm not saying I would really like such a system - but I think that's a far more likely scenario as to how it would operate, and I do see something like this as an inevitability if people start using bitcoin as the preferred tool for serious crimes such as kidnapping and for 'financing of terrorism'.


1476  Bitcoin / Bitcoin Discussion / Needed: short examples of organisations rejecting BTC based on legal concerns on: January 04, 2012, 12:41:25 AM
I already have,
EFF,Kiva,SENS foundation

Please let me know of any other organisations who have cited legal concerns as their reason to avoid/reject the use of bitcoin.
I need quotable snippets.

1477  Economy / Speculation / Re: Bitcoinica: When does it implode? on: January 03, 2012, 07:59:13 AM

I personally have never seen an alpaca, and therefore doubt their veracity.

I doubt the existence of someone who assumes that because they haven't seen any alpacas, alpacas are liars.
Whatever it is alpacas lie about, they're probably too good at it for you to tell just by looking at them anyway.

oh.. and pyramids are evil.



..yet inevitable.

and somewhat erotic...

I've found a new respect for the both of you. I call it a new found respect.
You quoted three people. One of us is going to be very disappointed when you clarify your statement.
Don't worry, you're safe.

Somehow we seem to be entangled in a sordid Alpaca nest. I'm not sure this is safe behaviour at all.
Put your socks on everybody!



1478  Economy / Speculation / Re: Bitcoinica: When does it implode? on: January 03, 2012, 04:31:02 AM

I personally have never seen an alpaca, and therefore doubt their veracity.

I doubt the existence of someone who assumes that because they haven't seen any alpacas, alpacas are liars.
Whatever it is alpacas lie about, they're probably too good at it for you to tell just by looking at them anyway.

oh.. and pyramids are evil.

1479  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: January 03, 2012, 02:03:59 AM
It's an oblique reference only.. but as far as I know this is the first acknowledgement from AMD of the Bitcoin mining phenomenon which is for now at least, dominated by their products.

Quote
AMD Radeon™ HD 7970 Graphics

http://www.amd.com/us/products/desktop/graphics/7000/7970/Pages/radeon-7970.aspx

"Fold and mine faster than ever with AMD App Acceleration powered by the unprecedented 28nm GCN Architecture."

lol, nice one julz, kudos for finding that one

Thank reddit's /r/Bitcoin for that one.
Thanks to all for kind comments regarding my continued obsession with posting things here!
1480  Bitcoin / Bitcoin Discussion / Re: What people would you like to see on denominated bitcoin bills? on: January 03, 2012, 02:01:54 AM
Ugh.  I'm not in favour of the Gnu at all.

It has a strong association with a certain virally incompatible licensing system - which thankfully not much software in the Bitcoin world uses.

Even if (unlike me) you are a fan of the Gnu philosophy - why would you want it associated with Bitcoin?

How is it even relevant to Bitcoin? 

I think gnu has been vital in the development of software technology, but I do see how it presents issues to this project. Keep in mind that many of the utilities used for cryptography in bitcoin related software are gnu based.

While I may disagree with some of the philosophy - I still recognise it's an amazing and important contribution.
Probably for this reason I'd find Richard Stallman's ugly mug a better fit for a banknote than the Gnu..  but perhaps he would object to his image being used on money anyway.

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