My very first experience with Bitstamp.net using BTC was horrible.... I lost 1 BTC. I'll neither be using nor recommending it unless this and this are resolved. You lost it?? Did you try contacting support? |
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It's ok, I'm happy to help out.
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There is good and bad in this news, but the net effect is extremely good. Bitcoin demolishes all resistance, and just entered the next phase of its evolution.
I just wonder how miners will cope with this news. Technically they could just buy gold and silver and sell that to avoid needed a license.. but still.. |
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Would be smart if you update your OP with that  Thanks, but which one? the getting started thread? The one of this thread would make the most sense if you ask me. |
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Would be smart if you update your OP with that |
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I'd say "probably good". Short term this will mean that certain exchanges will probably need licenses, especially if similar ruling spreads to the EU and elsewhere. That will require money and paperwork. However, this will further increase the legitimacy of Bitcoin long term. It's good news I believe.
I share this opinion. Short term bad, long term good. |
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tl;dr... bitcoins are legal
And you need a +$1million dollar worth money transmitter license if you want to mine and sell them for fiat  |
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Gotta' give Hazek credit for putting the energy into it.
Thanks! I do my best |
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I'm slightly biased because I'm friends with the Bitstamp team but I used their exchange two times now and both times I got my deposit completed within 3 hours (the reason could be that we're in the same country but still!). Also their site is extremely easy to navigate, the tradeing can be done effortlessly and I haven't heard from a single disgruntled customer yet which indicates that the customer support is superb. That btw doesn't really surprise me because I know the owner, I've seen him in action and he is an awesome dude, very calm, well mannered and highly professional. Anyway I highly recommend them, especially if you have SEPA transfers available.  Thank you hazek for the info. I am just doing a 100 Euro SEPA depo to Bitstamp  I am not affiliated with Bitstamp in any ways, just need to find a stable and reliable way to trade Bitcoins and do conversions to fiat. Cool. SEPA should arrive in 1 to 3 days |
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What I find depressing is that these welfare schemes etc. could work but when these ideas get put in everyone including the people who voted for these guys get so spend happy and they don't care where the money comes from as long as they get it.
So they could work if they didn't have a fatal flaw, a source of which is human nature? Well as long as they could work in theory! |
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But.. but.. but.. I thought Sweden was such a marvelous example of economics success through heavy government involvement in the economy taking up a large % of GDP (and down right socialism)?! What in the world happened? .. |
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Nice post cbeast, couldn't agree more.
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the window has closed for this
Could you elaborate please? There's a more than 3000 people queue of newly signed up users at mtgox waiting on just being able to verify their account. If they'd want to shut down mtgox, they couldn't do it on the pretense that they are currently breaking any laws. They'd have to pass new laws, and who knows how long that would take or what kind of consequences for Bitcoin and for them doing so in the first place could have. One scenario certainly is that just by intending to pass laws regulating Bitcoin they'd lend so much credibility to Bitcoin that it could easily explode to such a scale that would actually kill their mafia of psychopaths called the government, hence the window might have actually already closed for them. |
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I believe the market should have solved this on their own.
Einstein, what do you think happened? All those claiming that the market sorted itself out, you have a valid point and I mostly agree. The market did sort itself out. I just have one question: what would have happened if there had been no time-sensitive discussions among developers? What if the new version were released and the developers would not have had discussions as to what should miner do or not do? What you're asking does not make any sense because to me you are asking what would the market do if the market couldn't act in the first place since obviously when it could act, your scenario didn't play out. If the market can't act then the market can't act and Bitcoin, in my eyes at least, has already failed regardless what that would means specifically.. |
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He posted my "Wrapping your head around Bitcoin" pdf!  |
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I just popped in to check the website redesign since it started. The changes are great!!! I like that there are fewer colors, and that it is more obvious which items can be clicked.
I agree, it's starting to look a lot better. |
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I believe the market should have solved this on their own.
Einstein, what do you think happened? Or did you see anyone holding a gun to the heads of miners forcing them to follow their orders? You see, even the protocol isn't set in stone. If the majority of hashing power (or whatever non-full nodes) vote for a new protocol and use software that implements it, then that's the new bitcoin. That's what makes bitcoin _decentralized_.
You are misinformed. Had many miners not switched back to 0.7 no one would have been forced to do anything, we would have just had two hard forks of the blockchain and those who favored the 0.7 fork could use that and those who favored the 0.8 fork could use that. Of course who knows what that would do to BitcoinA and BitcoinB and their usefulness but my point is that the quoted above is factually incorrect. |
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