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521  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XSV] ★★ Silicon Valley Coin ★★ | ✈ MailDrop | Proof ✔ | Vote MintPal★ on: April 07, 2014, 05:43:24 PM
Have you guys thought out any potential legal issues that might arise from circulating alternate currency within the US judistriction? I was under the impression that uncle sam doesnt take kindly to any cryptocurreny that gets circulated in the real world(vs just staying online).

Sounds like they could run into some legal issues.  Unless they've filed as a Money Transmitter.  http://www.fincen.gov/financial_institutions/msb/msb.registration.html  With few exceptions, each money services business (MSB) must register with the Department of the Treasury.

http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html

FIN-2013-G001
Issued:   March 18, 2013
Subject:   Application of FinCEN's Regulations to Persons Administering, Exchanging, or Using Virtual Currencies


Definitions of User, Exchanger, and Administrator

            This guidance refers to the participants in generic virtual currency arrangements, using the terms "user," "exchanger," and "administrator."6 A user is a person that obtains virtual currency to purchase goods or services.7 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.

Administrators and Exchangers of Virtual Currency

            An administrator or exchanger that (1) accepts and transmits a convertible virtual currency or (2) buys or sells convertible virtual currency for any reason is a money transmitter under FinCEN's regulations, unless a limitation to or exemption from the definition applies to the person.10 FinCEN's regulations define the term "money transmitter" as 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."11

            The definition of a money transmitter does not differentiate between real currencies and convertible virtual currencies. Accepting and transmitting anything of value that substitutes for currency makes a person a money transmitter under the regulations implementing the BSA.12 FinCEN has reviewed different activities involving virtual currency and has made determinations regarding the appropriate regulatory treatment of administrators and exchangers under three scenarios: brokers and dealers of e-currencies and e-precious metals; centralized convertible virtual currencies; and de-centralized convertible virtual currencies.
522  Alternate cryptocurrencies / Announcements (Altcoins) / Re: HTMLCOIN Community is Thankful for the Warm Welcome! on: April 07, 2014, 05:29:16 PM
Why?
523  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast on: April 07, 2014, 04:53:24 PM
Are you guys watching what's happenning with BlackCoin right now? Can we expect such hype to happen to HVC anytime soon? I start to feel HVC is not that unique as we all try to believe.

Follow your feelings.  They are correct.
524  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [KSC] rare - - - - KASHMIRCOIN - - - - 1001 COINS max - - (LAUNCH 07-APR) on: April 07, 2014, 04:51:21 PM
We have added random 20X superblocks  Smiley To make launch more fair block reward for first 1000 blocks will be 0.000001 KSC. We're almost ready!

How does that make the launch more fair.

You should cancel the launch of this coin.  There are already too many crap coins out there undermining the legitimacy of cryptocurrency.  This coin is not needed and should not be launched.
525  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] MatrixCoin (MTX) - SHA256 Coin - Bounties ~ Exchange! on: April 07, 2014, 04:43:39 PM
POOL FOR MATRIXCOIN
STRATUM and VARDIFF
1% FEES To Keep The Pools Running
80% OF THE BLOCKS
8THashes
SING UP RELAX AND ANJOY WE DO THE REST FOR YOU

I'm sure you are excited to have, literally, 100% of the network hashrate right now, but what you should really be doing is stop advertising and disable new registrations until the network is better distributed.  You could easily cause a fork in the coin.

http://mtx.pitythepool.com is up and running, wallet code fixed to display network hashrate and est. next difficulty numbers on the dashboard.  I will leave my 600GH on this pool until a few more miners jump on so we can continue finding blocks.



Thanks!

As for all the trolls in the thread: I am now ignoring you, you will no longer get a response. Yea I will be rude if your going to flame my coin, damn striaght, Im 22 years old, I am not 5 and I am not 65. I am an anarchist and I dont believe that people with over a terrahash of mining power should complain for throwing their miners on this coin originally, you obviously have enough money to buy a badass mining rig, then you shouldn't be crying, there is people like me that dont even have food to put on the table and barely pay the rent because the state they live in is a right to work state so you can get fired for absolutely no reason (that is what happened to me) I was a Lead Graphic Designer downtown in my city, lost it all. Cryptocurrencies are my hobby, I will be releasing a new coin in the future that will have X11 and KGW. I may even add it to Matrixcoin. You flamers really must not have anything better to do than sit their with your big miners, make a shit ton of money, and then go complain and scream at people you don't know because you assume everything up until the point. You could actually be making a change by trying to actually help and develop, rather than sit back cry, flame, and whine.


As for PityThePool! He is extremely right! Please check out his pool and lets get some hash power spread out! If a fork is to happen it would be a easy fix to fix it.

To ignore = ignorance/ignorant.

You're nothing but a 22 year old punk with a crappy shitcoin.  Nothing more.

Cryptocurrencies are my hobby  Go take your hobby and play in your room little boy.  You want people to waste their time and resources on your hobby?  You're pathetic and your shitcoin is a joke.

Go away you ignorant hack.
526  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] yes! another scrypt coin, Created by you! on: April 07, 2014, 04:38:45 PM
Will you people just stop it with these shitcoins?  There's already 100+ that need to die off.  This crap is destroying the validity of cryptocurrency. 
527  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Buffalocoin on: April 07, 2014, 04:35:07 PM
This coin belongs in the trash.  There is no need for another shitcoin.
528  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Virtual Coin|VC|On track| X11 hybrid (beta)|KGW|ASIC Resistant|NO PREMINE| on: April 07, 2014, 04:33:09 PM
How about you just cancel the launch of this coin.  It's not needed and will be just another one of many crap coins that currently exist.
529  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XSV] ★★ Silicon Valley Coin ★★ | ✈ MailDrop | Proof ✔ | Vote MintPal★ on: April 07, 2014, 04:25:50 PM
I called this coin the scam it is from the start.  The launch was a joke and allowed them to instamine the crap out of it.  The vouchers may or may not exist and be mailed out but they will end up in the recycle because they are just junk mail.  Anyone that thinks sending a few cents worth of some crappy shitcoin to some of the wealthiest people in America is going to take this coin to the moon is a complete idiot.

Even with the low volume on the exchanges, these scammers have been able to slowly sell off their instamine.  So in a way this coin has been successful.  The scammers have made some btc.  Not as much as they had hoped for and if I was in any way at least partially responsible for that then my exposing this for the scam it is has been worth it.  Now with the recent postings from obvious accounts created to do nothing but pump this shitcoin so that the dev and his scammer cohorts can sell their instamine it should be obvious to everyone that this coin was a scam from the beginning.

Scam Scam Scam

 
530  Alternate cryptocurrencies / Announcements (Altcoins) / Re: CrappyCoin will be a new altcoin on: April 07, 2014, 04:15:39 PM
Get lost moron.
531  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XSV] ★★ Silicon Valley Coin ★★ | ✈ MailDrop | Proof ✔ | Vote MintPal★ on: April 07, 2014, 04:03:49 PM
This is going to be amazing!!  Shocked Shocked Shocked Shocked

No it's not.
532  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [CPL]CapitalistCoin [PoS] Fair & Innovative IPO, Guaranteed Rising Exchange Rate on: April 07, 2014, 03:59:07 PM
People are ridiculous what if these people are legitimate and are bringing a new evolution of coins to the market everyone screams scam before they have a chance to prove themselves.

Ugh people need to self moderate.

Where do you fools come up with this crap?  If you and your kind had more than shit for brains then there wouldn't be a market for these worthless shit coins designed to line the pockets of a few with as much btc as they can squeeze out of fools like you.
533  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XTN]Traincoin - Get on the profit train! Early adopters = Big Rewards! on: April 07, 2014, 03:55:52 PM
Get on the profit train! Early adopters = Big Rewards!

That pretty much says it all.

Pump and DUMP.  Nothing more.
534  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LIM] LimeCoin X11 Algo | UPDATE WALLETˇˇˇ on: April 07, 2014, 12:56:48 AM
Why a update for wallet already? Its launch day Tongue

come on give me a break Cheesy , a little mistake that took us 6 hours to fix , no problem Grin    lolˇˇˇ

everything is stable now.

We are setting up more nodes right now, after that we will start adding functions to source.

at least that means we are not noobs Cheesy


You obviously missed some things when you were copying that DarkCoin code.  

This coin deserves the EPIC FAIL award.
535  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LIM] LimeCoin X11 Algo | www.LimeCoin.org on: April 06, 2014, 11:37:16 PM
Ha ha ha!

Another pathetic cluster fuck.  Anyone mining this crap coin is just wasting their time.

Next.............................









Another one bites the dust.

Good riddance.
536  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LIM] LimeCoin X11 Algo | www.LimeCoin.org on: April 06, 2014, 07:59:15 PM
The smell of scam is in the air.

Please explain how this is a scam? How can we be swindled out of anything when it has cost us nothing?

You are a fool aren't you?

It's a scam because the dev and cronies just want to premine, wait till on exchange, sell everything they can, then leave.  People that bought or mined are left with worthless shitcoins.  It's pretty simple but I guess still to difficult for you and your kind to understand.  By your kind I mean fools.



Then that would make it a pump and dump shitcoin NOT a scamcoin. I think you need to go learn the meaning of the word scam before slinging it around everywhere.

I think your just plain ignorant and rather stupid.  Shitcoin, Scamcoin, all one in the same anymore. 

Dont bother in answering this scam_exposer, he'll never lose. 

You're right.  I'll never lose because I don't fall for pathetic scams like this shitcoin.
537  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LIM] LimeCoin X11 Algo | www.LimeCoin.org on: April 06, 2014, 07:58:09 PM
Dont bother in answering this scam_exposer, he'll never lose. 

But I want to have fun with the pathetic troll!

Take a look at my past posts and tell me what coin I called out for being a scam was incorrect.

You're just a pathetic shill trying to pump this worthless shitcoin.
538  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LIM] LimeCoin X11 Algo | www.LimeCoin.org on: April 06, 2014, 07:25:00 PM
The smell of scam is in the air.

Please explain how this is a scam? How can we be swindled out of anything when it has cost us nothing?

You are a fool aren't you?

It's a scam because the dev and cronies just want to premine, wait till on exchange, sell everything they can, then leave.  People that bought or mined are left with worthless shitcoins.  It's pretty simple but I guess still to difficult for you and your kind to understand.  By your kind I mean fools.



Then that would make it a pump and dump shitcoin NOT a scamcoin. I think you need to go learn the meaning of the word scam before slinging it around everywhere.

I think your just plain ignorant and rather stupid.  Shitcoin, Scamcoin, all one in the same anymore. 
539  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LIM] LimeCoin X11 Algo | www.LimeCoin.org on: April 06, 2014, 07:11:15 PM
The smell of scam is in the air.

Please explain how this is a scam? How can we be swindled out of anything when it has cost us nothing?

You are a fool aren't you?

It's a scam because the dev and cronies just want to premine, wait till on exchange, sell everything they can, then leave.  People that bought or mined are left with worthless shitcoins.  It's pretty simple but I guess still to difficult for you and your kind to understand.  By your kind I mean fools.
540  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LIM] LimeCoin X11 Algo | www.LimeCoin.org on: April 06, 2014, 07:06:21 PM
Need a pool.

Why?

Why would you bother mining this obvious clone and a bad clone at that.
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