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My take is that BTC will find its way into Argentina via the "blue" or "unofficial" market as foreign visitors to Argentina will find it attractive to exchange small amounts of BTC for Argentine pesos in order to get the superior "unofficial" rate on their expenses while in Argentina. It is far easier to smuggle BTC into Argentina than USD or EUR. One of the characteristics of exchange controls is that foreign visitors are forced to sell the hard currency at the unfavourable official rate.
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well, good thing you made it, but sadly i do use iOS. (I got my phone as a gift, i'd never buy any apple product myself, not because their products are bad, but because i loathe apple and their dictatorship policy).
it's my phone, i should be able to do whatever the fuck i want to do with it.
btw, i know not a single person who uses a windows phone, i know a shitton who use andriod though, and quite a few who use apple.
Congratulations to the OP in getting this app approved by the Microsoft overlords. I am not a Windows Phone user or an iPhone user for the reasons stated above. Both IOS and Windows Phone / Windows RT are locked down platforms best suited for the telescreen application in George Orwell's 1984. I will argue that between the two Windows Phone / Windows RT is the better choice over IOS for the telescreens; however in the battle for the telescreen contract granted by the Ministry of Love, Apple has a huge lead over Microsoft. I am not sure if this is an endorsement of Bitcoin on the part of Microsoft or a sign of desperation on the part of Microsoft. One must keep in mind here that both of these platforms and the values they represent pose a very significant security risk to Bitcoin at a very fundamental level. |
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For the most part Apple used DRM to censor Bitcoin applications so there are very few choices for using an iPhone to send Bitcoin. One app that made it past the Apple censor board is blockchain.info's app. https://blockchain.info/wallet; however one must keep in mind that Apple may at any time censor this app so this is not a long term solution. Rumour has it that this app is not updated in order to avoid triggering a censorship review. The best option here is to ditch Apple and get an Android phone. |
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I think the problem eBay will need to overcome is with returns...If the bitcoins get released immediately to the seller (as payments do now) and there is a problem, then PayPal can't just take the funds back. I guess they could turn into an escrow service for bitcoin sales. The thing is, eBay doesnt even need to directly take BTC, they just need to allow users to accept BTC as payment.
The problem can be resolved by holding funds for 21 days, like some higher payments in PayPal do now. The question becomes: Who takes on the currency risk? Buyer or seller? |
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They are kinda too late to the game, overstock overshadowed them by a mile. If they listened awhile ago, they would have had all that press, now no one really cares.
Which is very indicative of how far Bitcoin has already come. |
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the CFR are scumbags, we should settle on a code so you can clue us into what happened, eg. at the next conference bend over and rub your butt if you've been blackmailed to sabotage bitcoin. actually I don't think they'll want to kill it, going by all their talk about the NWO in their own publications the corporate members probably love bitcoin, if they weren't behind it to begin with - at the very least they'll find it useful in their drug running and other criminal activity. wait.. what's this about the Bitcoin Foundation collaborating with the Gates foundation and Brookings Institute? they wouldn't give a shit about child exploitation, along with the list below Gates is also invested in Nestle who obtain cocoa through child slavery. http://www.youtube.com/watch?v=bQvEX2Xait4    There is a very simple way to deal with this: Just use GNU/Linux instead of Microsoft Windows. |
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I have been doing this for almost a year now, however most alts (at least the ones I prefer to trade: PPC, XPM, LTC, NMC) generally ebb and flow with the bitcoin tide, but all have risen in value against the dollar and pretty much every other asset on earth. Buying Alt/Btc ratio during long, slow, drawn out declines and selling on violent spikes has been the thing to do thus far.
There is very strong merit to this. Spikes in the LTC/BTC rate and NMC/BTC rate do correlate strongly with peaks in the BTC/USD rate. |
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Is there no way of telling that a particular coin has its source in mining rather than a promissory note?
The more relevant question is: Is a particular BTC promissory backed by actual BTC, and if so to what extent. By the way there may be a situation developing with gold. Just search for "GATA German gold". If the conspiracy theorists are proven correct and this blows up it will have a profound impact not only on the gold market but also on the BTC market. |
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Very simple take delivery of your BTC, sit back and enjoy the fireworks.
Fractional reserve banking by its very nature involves a short play, namely a promise to pay something one does not have, on the expectation that the lender or "depositor" will not ask for it back or "take delivery". There is no more effective way to squeeze the bears to the wall in any market than to take delivery.
By the way the BTC market saw a sizeable example of fractional reserve banking with pirateat40 and his "trusts" in late 2011 and 2012. I strongly believe that he single handedly depressed the BTC/USD market during 2012 and when it all blew up the price sky-rocketed in 2013. Those of us who were actively buying BTC in 2012 and taking delivery profited handsomely from the pirate affair.
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If I can make a suggestion coming from Canada, a developed first world country it is this:
Create a service that makes it easy for people in Africa to receive payments in BTC and have those payments converted to local payment systems that the local people use much like Bit-pay does for merchants. A good example would be a BTC to M-PESA gateway for people in Kenya.
Let us say Bob in Kenya needs to receive payments from Alice in Canada. Bob would sign up with the service in Kenya and is provided with a custom web page on a site in Kenya and a password for a sender to use. Bob does not need to have Internet access. Bob then provides the password and the site url to Alice. This can even be done by regular (snail) mail. Alice then logs into the site with the password provided by Bob. Alice is provided with a Bitcoin address to send funds to Bob. After say 3 confirmations the M-PESA credit shows up on Bob's phone.
The key here is that the service in Kenya does not need to concern itself with how Alice obtains the BTC or learn how to use BTC or for that matter what the regulatory requirements are in Canada. Leave that up to the Bitcoin community in Canada. Replace Canada by any other "rich" country and one immediately sees the benefit Bitcoin can provide here.
I mention this because I still recall a situation 18 months ago. I was waiting in line at the local Post Office, ironically to pick up some documents I needed for my MTGox account. The fellow in front to me wanted to send 70 CAD to someone in Kenya. I could not avoid to overhear that it cost him in the neighbourhood of 10 CAD in fees. Do the math please.
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You are an audio producer, you have just got a brand new album and you want Bob to check it out. You don't want him filesharing it so you use your magic bitcoin protection system.
You give your copy protected MP3 file to Bob.
Bob runs your software which checks that he has the rights to play the audio. He does.
He records the audio and uploads the unprotected version to the internets. The next day 50 million people have it.
There is zero solution to get round this.
The solution currently promoted by the industry especially for video called HDCP (High Definition Content Protection) is to first ensure that Bob does not have root or administrative access on the computer, device playing the source (Windows Vista or later, Blu-ray player, etc.) and the source checks for a trusted display (existing untrusted displays end up as ewaste creating a massive environmental problem). This is the reason why newer Blu-ray players do not support component outputs for example. Nevertheless this DRM scheme can simply be defeated by cam-cording from a TV, as proposed by the MPAA. http://boingboing.net/2009/05/07/mpaa-to-teachers-don.htmlThe real solution to the DRM issue is for the major studios, record companies and propriety software vendors to change their business models from those suitable to the 19th century to those suitable to the 21st century. If they cannot or will not change then they belong in bankruptcy court. |
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I had an idea today that Bitcoin or a similar protocol might be used as a digital signature on computer software, movies, or any other form of digital medium. It would prevent the installation or operation of the software unless the license was granted directly to the owner or buyer of the software.
What do you think?
Most software already has some form of DRM, ... This is not correct. Most propriety software developed in the last 15 years has DRM. Free Libre Open Source Software (FLOSS) such as GNU/Linux does not and in fact then GPL v3 is by design highly toxic to DRM making it an excellent FLOSS license for this reason. Also Microsoft software between the mid 1980's and roughly 2000 was free of DRM. This is the period when Microsoft provided the best returns to its shareholders debunking the common myth that DRM is necessary for propriety software and content. DRM is typically implemented in one of two ways. Hide the key somewhere on the end user's property and hope the end user will not find it. In the early days this consisted of deliberatively creating bad sectors on 5.25in floppy disks. The location of the bad sectors on the floppy "locked" the software to the floppy. Then came dongles, and the more modern method of locking the software to the hardware characteristics of the computer effectively turning the whole computer into the dongles. All of these DRM methods could be defeated with the adversary (the owner of the computer or device) finding the decryption key that had at some point in time to be on her hardware. The above problem was solved in a much more insidious way. Take root or administrative and thereby control away from the adversary (the owner of the computer for device). This is the model used by IOS, unrooted Android, and Windows 8 RT / Windows phone. Windows Vista, 7 and 8 also use this method since the "Administrator" is not a true administrator as she is locked out from certain "protected" parts of the OS. The consequences of this are very insidious since the "protected" parts of the OS can be used to for example to spy on the user, force the user to only obtain content and software from an approved and censored source and yes also to launch a 51% attack on a distributed cryptocurrency network such as Bitcoin. The GPL v3 is a very effective tool against the locked device device situation above if it is present in components the OS which require root access to modify, since it requires the ability of the owner of the device to be able to modify the software as a condition of distribution. This is why modern GNU/Linux distributions provide the only assurance that an end user has complete control over their computing devices. |
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Well I meet the video half way in time.
In 1997 I recall connecting to the Internet when travelling in Europe using a rotary phone connection, once I figured out how to tell Windows 95 to dial the modem with "pulse" in order to be compatible with the hotel's phone system that dated from the 1940s
Once connected the Internet experience was very much like today only slower. The modem connection on the other hand was very much as in the video.
Edit: I recall the connection speed was 33kb/s. In one hour this would allow for 14.8 MB of Internet traffic, which even after allowing say 10% for overhead is more than enough to support a full Bitcoin node after doubling the blocksize limit!
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There is another factor to take into consideration namely both AvaTrade and Plus500 write Bitcoin CFD's based on the MTGox price. AvaTrade just relaxed the margin requirements for Bitcoin from 10% to 5% today. This could account for the increase in the spread between MTGox and Bitstamp
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MTGox 30 day BTC volume for USD trades: 512,410.89 VS BTC-E 30 day BTC volume for USD trades: 706,337.58 Bitsamp 30 day BTC volume for USD trades: 657,131.52 Source: http://bitcoincharts.com/Also BTC-E and Bitstamp are very close in price. I would say that MTGox is becoming less and less relevant by the day. |
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Can anyone clarify for me:
How does the FBI have access to the bitcoins? They have unencrypted wallet.dat file or they know the password?
I read all the time about how bitcoins can't be seized... so what happened in the case of DPR's bitcoins?
He probably gave it to them for reduced charges. And what will they do with it? Simple - auction it or sell to some rich investor, which means they will not sell it on an exchange. And NO it will not cause a crash because someone investing milions in BTC doesn't do it just to dump all immediately. I doubt that. My bet is that the government is going to KEEP those bitcoins for the future. They know they are potentially too valuable to sell. They could be worth billions one day and I think they know it's possible. The government won't be selling these coins, I think they are going to keep them forever. Think of it- there's virtually no other way to get this many bitcoins anymore. The USA is now one of the top bitcoin holders! Welcome to our new partner. :-) So they will store the private key(s) in Fort Knox? |
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I could use this service if it were expanded to Canada to allow payments to the CRA.
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I would suggest first viewing Andreas M. Antonopoulos' presentation to the L. A. Bitcoin meetup in its entirety. He explains why blacklists, whitelists etc as is being proposed in this thread will destroy Bitcoin. https://www.youtube.com/watch?v=bTPQKyAq-DMThis proposed fork together with "Coin Validation" belongs in the trash heap. Edit: Will Zerocoin work for the large number of coins the US Government holds? The above is a verbatim copy of my reply to this thread https://bitcointalk.org/index.php?topic=412041.0;all It applies equally to this other proposed fork. Regardless of whether it is the state trying to freeze coins or those who hate the state trying to seize the state's coins the answer in both cases has to be NO. The above is a verbatim copy of my reply to this thread: https://bitcointalk.org/index.php?topic=5979.0;allAs with the two fork proposals above this one also belongs in the trash. |
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Can someone please explain why you've stripped out my links and it's ok to make another thread where someone else links to the video that I produced and posted? I'm lost with the rules here. I posted a T-Shirt contest where I'm giving away 1BTC and someone moved it to "Gambling".
I want to be a part of this community and to keep bringing content here but it's frustrating to keep getting slapped on the hand and then having moderation imposed on me without it being explained at all.
Personally after reading this ... Please subscribe on iTunes if you enjoy this content. ... after moderation, I must say that I am not surprised at all why your post was moderated. Apple has a long history of censoring Bitcoin and at a very fundamental level Apple's business model for IOS is fundamentally incompatible with Bitcoin. Personally I would not allow a single satoshi that I own anywhere near an iPhone, iPad or other IOS device; however there are other members of this community that use IOS with their Bticoins. By the way I really enjoyed the Andreas M. Antonopoulos - LA Bitcoin Meetup Video on GNU/Linux (Ubuntu). |
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