precisley

Now would be the time to invest. I'm almost certain this project will pick up speed, once it hits the market.
It could be the "name", that's dissuading people from investing right away, due to the stigma of it's past.
However, only time will tell.

This is on my watch list. This could be huge if its executed correctly!

1. Go to coinmarketcap
2. Study trends & Patterns
3. Do research
4. Find worthy investments
5. $$$

Rinse & Repeat

 

All in a day's work!

INNOVATION, just bring a game changer to the table, what we need is a bitcoin 2.0. An alt coin needs no gimmick, or crowd sale to thrive. The blockchain is revolutionary.  It opened the door to the altcoin market. Think big!!!

Well,  it's not that simple as answering yes or no, being that several factors come into play, however I have to say, they are certainly a trusted company who's android wallet has been in the google app store for quite some time now. I have had their  android wallet since it was initially first released. It was among the some of the first bitcoin android wallets on the market. I'm considering investing durring the crowdsale.
   Bitcoin crowd sales are all the rage these days, they pop up almost every month. That's what the bad part is,  crowdsales raise red flags amongst the supporters of our crypto community, mainly because they have a certain odor that reeks of scam. However, it's best to do your research my friend to find out if it's the right choice for you!

I decided to work on a short pdf document about a few ideas and sugestions that I feel, may improve the core gameplay mechanics without hindering too much of the games core physics. I understand that  "spells" is still in early beta testing. I feel that having a trading card game with arcade styled elements provides gameplay that requires skill, timing, and strategic planning. Early on, a few pages back, I said I had a few ideas, now it's growing into an obsession.

This game is addictive, and the implementation is ingenious.   I have a few ideas I'd like to share, if thats ok?  However, before I post them, I will have to put some more thought into it how it may effect gameplay.I have an itching feeling that the final version of this game is going to surpass peoples expectations.

Waiting on this one    this could be huge!

My thing is, I keep missing out on the good investments, My gut told me ro get involved with ethereum project before it took off. Me being a skeptic, passed on as it slowly climbed its way up. Then boom, it fired off its way up the charts. I'm more of a speculative holder of crypto than an enthusiast. I know crypto is the future,  I guess im waiting for the next big crypto to invest in.
Bitcoin serves as a solid foundation to build upon. What will the next big crypto be, and will there be a need for ipo/ico in its future? 

I believe Ether requires a seperate wallet. Im not really sure if smart phone, or paper wallets are availabe as of yet. Try visiting ethereum's official website for better info on how to setup a windows , apple, or linux client wallet.
 Good luck and cheers! 

This looks interesting. I will be checking in frequently for updates on the launch. 

Nice, I've been anxiously waiting for news. 

It seems also they're making regulatory rule book for Bitcoin as well.

I just want to be sure before I sign up for Cryptsy or another American Exchange to trade Bitcoins for alt coins.
I understand that capitol gains appllies for every trade transaction from fiat to bitcoin, from bitcoin to fiat, or from Bitcoin to alt coin etc.
Also, do I need to own a LLC to be considered a speculative investor.

FIN-2014-R002

It would seem, their classified terms for virtual currency users are as follows....
There are users, exchangers, and administrators.

"For purposes of the guidance, FinCEN refers to the participants in generic virtual currency arrangements, using the terms “exchanger,” “administrator,” and “user.” An exchanger is a person engaged as a business in the exchange of virtual currency for real currency, funds, or other virtual currency. An administrator is a person engaged as a business in issuing (putting into circulation) a virtual currency, and who has the authority to redeem (to withdraw from circulation) such virtual currency. A user is a person that obtains virtual currency to purchase goods or services on the user’s own behalf."

"The guidance makes clear that an administrator or exchanger of convertible virtual currencies that (1) accepts and transmits a convertible virtual currency or (2) buys or sells convertible virtual currency in exchange for currency of legal tender or another convertible virtual currency for any reason (including when intermediating between a user and a seller of goods or services the user is purchasing on the user’s behalf) is a money transmitter under FinCEN's regulations, unless a limitation to or exemption from the definition applies to the person.8 The guidance also makes clear that “a user who obtains convertible virtual currency and uses it to purchase real or virtual goods or services is not an MSB under FinCEN's regulations.”

Does the above mean that I become a exchanger as soon as I engage in any conversion of bitcoin into fiat or or bitcoin into alt coins?

"How a user engages in obtaining a virtual currency may be described using any number of other terms, such as “earning,” “harvesting,” “mining,” “creating,” “auto-generating,” “manufacturing,” or “purchasing,” depending on the details of the specific virtual currency model involved. The label applied to a particular process of obtaining a virtual currency is not material to the legal characterization under the BSA of the process or of the person engaging in the process to send that virtual currency or its equivalent value to any other person or place. What is material to the conclusion that a person is not an MSB is not the mechanism by which person obtains the convertible virtual currency, but what the person uses the convertible virtual currency for, and for whose benefit. Activities that, in and of themselves, do not constitute accepting and transmitting currency, funds or the value of funds do not fit within the definition of “money transmission services” and therefore are not subject to FinCEN’s registration, reporting, and recordkeeping regulations for MSBs."



This is a little confusing. The last part which I haven't posted yet seems to be FinCen talking directly to the situation with the Company which holds an LLC.
Exchanges require personal identifiable information, it seems like without clarity, it would be entrapment to put ones self at risk of a Bitcoin exchange with such broad regulation specifics.

Can someone please explain this coin AAA 

I've seen advertising for it on coindesk.com or maybe it was cryptocoinsnews.com

Thanks Dutch 

I have a few PDF files of the regulations, but couldn't quite figure it all out thoroughly.

I've been holding on to a few Bitcoins I've bought from coinbase for a couple months now, and wanted to invest in other crypto coins by using coin exchanges.
Do I need to be registered with my state and FinCen to use exchanges like Cryptsy and similar services. I want to pay taxes and follow the legal procedures.

The FinCen Law is confusing, Im just an investor, I don't do any mining or anything of that nature.
Just a little speculating with bitcoin but would like to trade in other alt coins legally.

Can any one provide some help?   

NobleCoin is the underdog, it has a strong foundation and plenty of potential.
It lacks the following though. Its life and expectancy may even be subject to bitcoins volatility.
If bitcoin stabilizes and begins to rise so will other coins.
Unless NobleCoin stresses the level of innovation be it within the coin itself or so new feature to the cryptocoin world, it will be stuck in limbo.
I have a small amount of nobles, I think its an awesome idea, and campaign. The devs strongly suppport the coin, its only missing a android wallet.

Unfortunately due to the ever increase of scam coins, Noble has gone under looked, partly becuase of its hashing elements.
People automatically jump to the next hashing sequenced coin like its the messiah or something. We need revolutionary innovation, that or just a killer feature the coin provides that is unique.
 I say video games. Video games, maybe even an arcade. Ive wrote a white paper about an awesome video game innovation to add to bitcoin, but its a rough draft and very early in its development stages.
 

I'm all for innovation,  we need something to grab more people to the community. Why not appeal to the gamers? NobelCoin already has a small gaming support to its movement.

I'm very interested, am I too late to get into the free coin party?

 

Bitcoin Operates within a grey area of law between state and federal levels and classifications, but this does not mean they cant be taxed or regulated,on the contrary my friend!

   Bitcoin most likely is still not receiving a "set in stone" regulation, outlining and detailing all situations, risks, laws, is because "most likely and I could be wrong" the governmental bodis and regulators want to sway people from virtual currencies for a while until they work the kinks out and find a solid solution for Crypto Coin fever. If we as people are uncertain of the actual laws in place, we then have no choice but to tread cautiously. This will push a lot of speculators and potential investors away for the time being. In actuality, its better for the governmental bodies and regulators to slowly push small regulations into effect as we move along to see where this whole modern day digital gold rush leads us. No regulations = Fear Factor effect. This fear factor effect works extremely well in this case, being that we don't know left from right nor up from down when it comes to operating legally within the realm of Bitcoins and other crypto currencies. The less people on the Bitcoin train the better. This allows more time to figure out how exactly to regulate Crypto currencies. This digital phenomenon of digital monies is evolving pretty fast, very fast. Ethereum, ZeroCoin, and who knows what else, will throw a complete curve-ball at the already difficult regulatory process of bitcoin. So its better to watch and see where everything heads than to waste time and money to completely regulate it while its still young and developing.
   There are alot of big players on the field now, and some heavy batters are ready to take a crack bitcoin and will certainly send it flying into the air out of the park. Lots of money to be made here. Commodity? Currency? Asset? no one knows for sure.
Bitcoin and other cryptos are a new technology. not every one is digital ready yet. the old brick and mortar of the financial systems might possibly be threatened by bitcoin. Its exciting nonetheless!

Welcome to the digital age......

Here is the latest updates from FinCen "The department of treasury financial crimes enforcement network"
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FINCEN BITCOIN REGULATION UPDATE JANUARY 30 2014
FIN-2014-R001
"Dear [ ]:

This responds to your letter of June 1, 2013, seeking an administrative ruling from the Financial Crimes Enforcement Network (“FinCEN”) on behalf of [the Company], about [the Company]’s possible status as a money services business (“MSB”) under the Bank Secrecy Act (“BSA”). Specifically, you ask whether certain ways of disposing of the Bitcoins mined by [the Company] would make [the Company] a money transmitter under the BSA.

You state that [the Company] mines Bitcoins. You further state that the Bitcoins that [the Company] has mined have not yet been used or transferred, but that [the Company] may decide to use this virtual currency to purchase goods or services, convert the virtual currency into currency of legal tender and use the currency to purchase goods and services, or transfer the virtual currency to the owner of the company. You ask in your letter whether any of these transactions would make [the Company] a money transmitter under the BSA.

On July 21, 2011, FinCEN published a Final Rule amending definitions and other regulations relating to MSBs (the “Rule”).1 The amended regulations define an MSB as “a person wherever located doing business, whether or not on a regular basis or as an organized business concern, wholly or in substantial part within the United States, in one or more of the capacities listed in paragraphs (ff)(1) through (ff)(6) of this section. This includes but is not limited to maintenance of any agent, agency, branch, or office within the United States.”2

BSA regulations, as amended, define the term “money transmitter” to include a person that provides money transmission services, or any other person engaged in the transfer of funds. The term “money transmission services” means the acceptance of currency, funds, or other value that substitutes for currency from one person and the transmission of currency, funds, or other value that substitutes for currency to another location or person by any means.3 The regulations also stipulate that whether a person is a money transmitter is a matter of facts and circumstances, and identifies circumstances under which a person’s activities would not make such person a money transmitter.4

On March 18, 2013, FinCEN issued guidance on the application of FinCEN’s regulations to transactions in virtual currencies (the “guidance”).5 FinCEN's regulations define currency (also referred to as “real” currency) as “the coin and paper money of the United States or of any other country that is designated as legal tender and that [ii] circulates and [iii] is customarily used and accepted as a medium of exchange in the country of issuance.”6 In contrast to real currency, “virtual” currency is a medium of exchange that operates like a currency in some environments, but does not have all the attributes of real currency. In particular, virtual currency does not have legal tender status in any jurisdiction. The guidance addresses “convertible” virtual currency. This type of virtual currency either has an equivalent value in real currency, or acts as a substitute for real currency.

For purposes of the guidance, FinCEN refers to the participants in generic virtual currency arrangements, using the terms “exchanger,” “administrator,” and “user.” An exchanger is a person engaged as a business in the exchange of virtual currency for real currency, funds, or other virtual currency. An administrator is a person engaged as a business in issuing (putting into circulation) a virtual currency, and who has the authority to redeem (to withdraw from circulation) such virtual currency. A user is a person that obtains virtual currency to purchase goods or services on the user’s own behalf.

The guidance makes clear that an administrator or exchanger of convertible virtual currencies that (1) accepts and transmits a convertible virtual currency or (2) buys or sells convertible virtual currency in exchange for currency of legal tender or another convertible virtual currency for any reason (including when intermediating between a user and a seller of goods or services the user is purchasing on the user’s behalf) is a money transmitter under FinCEN's regulations, unless a limitation to or exemption from the definition applies to the person.7 The guidance also makes clear that “a user who obtains convertible virtual currency and uses it to purchase real or virtual goods or services is not an MSB under FinCEN's regulations.” FinCEN understands your letter to amount to a request to elaborate on this last statement in the specific context of a user that obtains the convertible virtual currency Bitcoin by mining.

How a user obtains a virtual currency may be described using any number of other terms, such as “earning,” “harvesting,” “mining,” “creating,” “auto-generating,” “manufacturing,” or “purchasing,” depending on the details of the specific virtual currency model involved. The label applied to a particular process of obtaining a virtual currency is not material to the legal characterization under the BSA of the process or of the person engaging in the process to send that virtual currency or its equivalent value to any other person or place. What is material to the conclusion that a person is not an MSB is not the mechanism by which a person obtains the convertible virtual currency, but what the person uses the convertible virtual currency for, and for whose benefit.

FinCEN understands that Bitcoin mining imposes no obligations on a Bitcoin user to send mined Bitcoin to any other person or place for the benefit of another. Instead, the user is free to use the mined virtual currency or its equivalent for the user’s own purposes, such as to purchase real or virtual goods and services for the user’s own use. To the extent that a user mines Bitcoin and uses the Bitcoin solely for the user’s own purposes and not for the benefit of another, the user is not an MSB under FinCEN’s regulations, because these activities involve neither “acceptance” nor “transmission” of the convertible virtual currency and are not the transmission of funds within the meaning of the Rule. This is the case whether the user mining and using the Bitcoin is an individual or a corporation, and whether the user is purchasing goods or services for the user’s own use, paying debts previously incurred in the ordinary course of business, or (in the case of a corporate user) making distributions to shareholders. Activities that, in and of themselves, do not constitute accepting and transmitting currency, funds or the value of funds, are activities that do not fit within the definition of “money transmission services” and therefore are not subject to FinCEN’s registration, reporting, and recordkeeping regulations for MSBs.8

From time to time, as your letter has indicated, it may be necessary for a user to convert Bitcoin that it has mined into a real currency or another convertible virtual currency, either because the seller of the goods or services the user wishes to purchase will not accept Bitcoin, or because the user wishes to diversify currency holdings in anticipation of future needs or for the user’s own investment purposes. In undertaking such a conversion transaction, the user is not acting as an exchanger, notwithstanding the fact that the user is accepting a real currency or another convertible virtual currency and transmitting Bitcoin, so long as the user is undertaking the transaction solely for the user’s own purposes and not as a business service performed for the benefit of another. A user’s conversion of Bitcoin into a real currency or another convertible virtual currency, therefore, does not in and of itself make the user a money transmitter.9

FinCEN therefore concludes that, under the facts you have provided, [the Company] would be a user of Bitcoin, and not an MSB, to the extent that it uses Bitcoin it has mined: (a) to pay for the purchase of goods or services, pay debts it has previously incurred (including debts to its owner(s)), or make distributions to owners; or (b) to purchase real currency or another convertible virtual currency, so long as the real currency or other convertible virtual currency is used solely in order to make payments (as set forth above) or for [the Company]’s own investment purposes. Any transfers to third parties at the behest of sellers, creditors, owners, or counterparties involved in these transactions should be closely scrutinized, as they may constitute money transmission. (See footnotes 8 and 9 above.) And of course, should [the Company] engage in any other activity constituting acceptance and transmission of either currency of legal tender or virtual currency, it may be engaged in money transmission activities that would be subject to the requirements of the BSA.

This ruling is provided in accordance with the procedures set forth at 31 CFR Part1010 Subpart G. In arriving at the conclusions in this administrative ruling, we have relied upon the accuracy and completeness of the representations you made in your communications with us. Nothing precludes FinCEN from arriving at a different conclusion or from taking other action should circumstances change or should any of the information you have provided prove inaccurate or incomplete. We reserve the right, after redacting your name and address, and similar identifying information for your clients, to publish this letter as guidance to financial institutions in accordance with our regulations.10 You have fourteen days from the date of this letter to identify any other information you believe should be redacted and the legal basis for redaction.

If you have questions about this ruling, please contact FinCEN's regulatory helpline at (703) 905-3591.
    Sincerely,

//signed//

Jamal El-Hindi
Associate Director
Policy Division
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Source: http://www.fincen.gov/news_room/rp/rulings/html/FIN-2014-R001.html
Available PDF: http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R001.pdf
"To download the pdf click the floppy diskette to the top left hand corner of the screen and save to hard-disk"

The wrong turn could make you a money transmitter. Bitcoin is not so anonymous, so tread carefully before trying to go the Paypal route.
Bitcoin is murky water right now as there are many risks of sharks, mines, booby traps, and other dangers that wade in the unseen blue!
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Bitcoin Address:1BDZYohb9vr4DKLkPqUu6xdx4KjTR8YSPc