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881  Bitcoin / Bitcoin Discussion / Re: Goal of Bitcoin (in general)? on: August 23, 2012, 11:01:09 PM
To put people in control of their own money.
882  Bitcoin / Press / 2012-08-23 siliconangle.com - National Watchdogs Becoming Concerned Over Money L on: August 23, 2012, 10:12:09 PM
Quote
National Watchdogs Becoming Concerned Over Money Laundering Potential of Bitcoin, Virtual Currencies

Kyt Dotson
2012-08-23

http://siliconangle.com/blog/2012/08/23/national-watchdogs-becoming-concerned-over-money-laundering-potential-of-bitcoin-virtual-currencies/

...
If Bitcoin is being seen by watchdogs and by criminal organizations have having enough solvency and internal consistency to be akin to a currency inside a video game then itís a sign that itís beginning to catch on in the ways that people want it to.
...
883  Bitcoin / Press / 2012-08-22 engadget.com - MasterCard denies BitCoin card rumors, BitInstant says on: August 23, 2012, 02:22:17 AM
Quote
MasterCard denies BitCoin card rumors, BitInstant says it's still on track

Terrence O'Brien
2012-08-22

http://www.engadget.com/2012/08/22/mastercard-denies-bitcoin-card-rumors/

...
So, what have we learned today? Not a whole heck of a lot actually, other than the fact that putting out a debit card is a complicated business. You'll just have to stay tuned to see how this shakes out.
884  Bitcoin / Press / 2012-08-22 slashdot.org - Mastercard Denies Plans For BitCoin Credit Card on: August 22, 2012, 10:55:06 PM
Slashdot picking up on the techweekeurope article

Quote
Mastercard Denies Plans For BitCoin Credit Card

2012-08-22

http://news.slashdot.org/story/12/08/22/1222258/mastercard-denies-plans-for-bitcoin-credit-card


"Reports that BitCoin is to issue a credit card have turned out to be false ó or at least premature. Mastercard has denied there are any such plans and given details of the procedural barriers to creating such a card."
885  Bitcoin / Press / Re: 2012-08-19 lifehacker.com - Five Best VPN Service Providers on: August 22, 2012, 05:01:12 AM
Private Internet Access is mentioned.  We are a very strong supporter of Bitcoin. :-)

Nice!.. but it's very easy to miss on your website.
There is one small icon out of 11 on the front page - and when you click 'other payment options' after going to 'join now' - Bitcoin is not in the list.
At that point a bitcoin-paying user might well leave the site without realizing it's accepted.
886  Bitcoin / Press / 2012-08-21 slashdot.org - BitCoin Card To Launch In 2 Months, Says BitInstant on: August 22, 2012, 01:02:45 AM
Quote
BitCoin Card To Launch In 2 Months, Says BitInstant

2012-08-21

http://yro.slashdot.org/story/12/08/21/1530248/bitcoin-card-to-launch-in-2-months-says-bitinstant

...
"Charlie Shrem, co-founder of BitInstant LLC, has confirmed that a BitCoin-funded international debit/credit card should be available very soon. Giving a time frame of 6-8 weeks, Shrem said over an IRC chat session that the card will function like any other credit or debit card, and that it can be used at places where MasterCard is being accepted. Shrem has also said that the initial 1000-odd cards will be given for free and subsequent cards will carry a charge of around $10. Any transaction that is carried out through the card [will incur a] 1% BitCoin transfer fee on top of the $1.50 ATM withdrawal fee."
...
887  Bitcoin / Press / 2012-08-21 arstechnica.com - Bitcoin company says debit cards coming in two mont on: August 22, 2012, 12:37:06 AM
Quote
Bitcoin company says debit cards coming in two months
BitInstant hopes to expand cryptocurrency's reach beyond sketchy characters.

Cyrus Farivar
2012-08-21

http://arstechnica.com/business/2012/08/bitcoin-company-says-debit-cards-coming-in-two-months/

...
Personal information required

The card would work similarly to a prepaid debit card, where a fixed value can be held on the card. Shrem declined to say which banks would be issuing the cards, but he did say that one would be in the United States and another would be outside the country.
...


Skepticism abounds

Nicolas Christin, the associate director of the Information Networking Institute at Carnegie Mellon University, has done extensive economic research on the use and scope of Bitcoin. He remains a bit skeptical that this debit card will make a big impact among the general public.
...


888  Economy / Service Discussion / Re: Bryan Micon's BitcoinMax Discussion Thread [orignal thread locked] on: August 22, 2012, 12:05:06 AM
The are are only 4 possibilities:

1. They have enough BTC to pay all outstanding debts.
2. They have enough USD to buy enough BTC to pay all outstanding debt.
3. Combination of the above.
4. Neither of the above.

by "have" above I mean "have and willing to pay".

if it is 1. then  what can be easier than making 5-6 transactions to 5-6 largest PPT's, takes 5 minutes tops. It is not happening.
if it is 2. good luck buying so many BTC.
if it is 3. ... obvious...
if it is 4. well you would have what you see now.



5. (or actually 2b) They are negotiating teaming up with a wealthy co-conspirator for a few mill - because the goodwill gained from paying back this small-scale scheme would make running a $50 Million ponzi easy in this gullible community.
889  Economy / Service Discussion / Re: It's Tuesday now, seems nothing will happen. on: August 21, 2012, 11:28:19 PM
...
 But I am so dumbfounded by the large mass of supporters (some of whom claim to not be investors) who religously maintain he will pay out, even in the face of mounting evidence that he won't, that I am forced to try and come up with plausible scenarios where he doesn't default.
...

I consider a return of funds possible - because if he can pull it off, it leaves him fantastically well-placed to pull off a $50 or $500 Million dollar ponzi down the track. 
The reputation gained from paying out on this one would be invaluable.

If he can find a wealthy co-conspirator to put in a few mil to pay out this little scheme - then for the next one, most bitcoiners are his bitches.

890  Bitcoin / Press / Re: NEW articles in Press Forum on: August 21, 2012, 12:30:22 AM
2012-08-20 tech.qq.com - 传BitInstant将发行比特币信用卡

https://bitcointalk.org/index.php?topic=102082.0

891  Bitcoin / Press / 2012-08-20 tech.qq.com - 传BitInstant将发行比特币信用卡 on: August 21, 2012, 12:29:39 AM
In Chinese. tech.qq.com is a pretty huge site I believe.
This article has pictures of the bitinstant credit card - on one of the top 10 websites in the world!  nice.

Quote
传BitInstant将发行比特币信用卡


2012-08-22


http://tech.qq.com/a/20120820/000117.htm

http://translate.google.com/translate?sl=zh-CN&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Ftech.qq.com%2Fa%2F20120820%2F000117.htm&act=url


...
A few days ago, sources said BitInstant plans to launch Bitcoin (Bitcoin) credit card functions like International MasterCard (MasterCard).
...


Bitcoin concept was launched in 2009, is a network virtual currency, with Q coins similar. You can use bitcoins to buy some virtual goods. As long as people are willing to, you can also use bitcoins to buy real items. In some foreign markets, Bitcoin has become the currency in circulation.

From alexa.com:
Quote
Site Information for qq.com  
  Alexa Traffic Rank: 9   Traffic Rank in CN: 2
  Sites Linking In: 464,860


892  Bitcoin / Press / Re: NEW articles in Press Forum on: August 21, 2012, 12:04:32 AM
2012-08-20 techcrunch.com - Inside FundersClub, The Equity Crowdfunding Platform Destined To Redefine Venture Capital


https://bitcointalk.org/index.php?topic=102077.0
893  Bitcoin / Press / 2012-08-20 techcrunch.com - Inside FundersClub, The Equity Crowdfunding Platform on: August 21, 2012, 12:03:56 AM
Quote
Inside FundersClub, The Equity Crowdfunding Platform Destined To Redefine Venture Capital

Josh Constine
2012-08-20


...
Coinbase Ė A PayPal for Bitcoin that allows for transaction fee-less money transfers. In just a month since launch itís collected 2,000 users, $30,000 in deposits, $15,000 in transactions, and praise from Kevin Rose.
...

http://techcrunch.com/2012/08/20/ipo-vc-angel-fundersclub/

oops.. thanks stan.distortion..   was missing the link - that was sloppy of me.
894  Bitcoin / Press / 2012-08-19 lifehacker.com - Five Best VPN Service Providers on: August 20, 2012, 06:08:07 AM
Just a single mention of Bitcoin.
It looks like this author doesn't yet subscribe to Falkvinge's proposition on VPNs: 'Never Trust A VPN Provider That Doesn't Accept Bitcion' http://falkvinge.net/2011/09/27/never-trust-a-vpn-provider-that-doesnt-accept-bitcoin/


Quote
Five Best VPN Service Providers

Alan Henry
2012-08-19

http://lifehacker.com/5935863/five-best-vpn-service-providers


Also noteworthy is AirVPN, specifically for its high-level data encryption, compliance with data security best practices (which means even they don't know what you're doing), complete and total net neutrality, and the fact that you can pay with bitcoin, if you wish.
895  Economy / Service Announcements / Re: Bitcurex Card - Available now on: August 20, 2012, 02:21:02 AM
Overall it's a nice looking card, and it's great to see more things like this becoming available.
"I love bitcoin" or "We love bitcoin" is cheesy enough, but ok by me - "me love bitcoin" is a step too far... but I guess I'm just a bit conservative in some ways.
896  Economy / Service Announcements / Re: Bitcurex Card - Available now on: August 20, 2012, 01:46:03 AM
What's with the childish/neanderthal "me love bitcoin"? 

I'm all for a sense of fun/humour - but nevertheless I'd be embarrassed to have that in my wallet.
897  Economy / Speculation / Re: New users flooding this forum on: August 17, 2012, 02:08:56 AM
Linear growth at about 2000 users per month over the past 12 months.

It's not really what I'd consider an exciting growth rate, considering it'd take over 40 years to add just 1 Million users at that rate.



Good thing there are a lot of bitcoiners who have never been here, and a lot who have, but never signed up.

Yes, I believe that to be so too - but it's the linear growth which is unexciting. If the forums are growing linearly - then I expect the whole bitcoin ecosystem is also only growing linearly.

This doesn't look very linear and other wallet sites are seeing similar figures:
http://blockchain.info/charts/my-wallet-n-users


Nice.. but a little too early in the life of the blockchain wallet to be drawing much of a conclusion from that pattern I think.
FWIW - I set up over 5 blockchain wallets, but only one bitcointalk account.
898  Economy / Speculation / Re: New users flooding this forum on: August 17, 2012, 01:59:06 AM
Linear growth at about 2000 users per month over the past 12 months.

It's not really what I'd consider an exciting growth rate, considering it'd take over 40 years to add just 1 Million users at that rate.



Good thing there are a lot of bitcoiners who have never been here, and a lot who have, but never signed up.

Yes, I believe that to be so too - but it's the linear growth which is unexciting. If the forums are growing linearly - then I expect the whole bitcoin ecosystem is also only growing linearly.
899  Economy / Speculation / Re: New users flooding this forum on: August 17, 2012, 01:53:34 AM
Linear growth at about 2000 users per month over the past 12 months.

It's not really what I'd consider an exciting growth rate, considering it'd take over 40 years to add just 1 Million users at that rate.

900  Bitcoin / Press / Re: 2012-08-16 slashdot.org - Australian Watchdog Frets Over BitCoin, MMOs' Money La on: August 17, 2012, 01:37:44 AM
Clearly, there's a market, you know, if so many government types are concerned about it.  So, what can we do to better target the money laundering market?

Well.. I guess anything that ratchets up the BTC price so as to give sufficient size to the bitcoin market to make laundering worthwhile amounts more practical.
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