|
How are they going to verify if it is really a picture of my balls or someone else's?
|
|
|
|
on GLBSE you can now log in and put email and payout address
Verify account
To comply with money laundering regulations we must ask you to submit documents for proof of your address and identity.
Picture of your ID
Please provide a clear picture of your photo ID. For France, Germany, Spain, and English speaking countries ID cards, Passports and drivers licences are accepted, for everywhere else only passports are accepted.
User picture
Please provide a clear picture of you, holding a piece of paper with your GLBSE username and the date written on it.
Proof of address
Please provide a clear(unaltered) picture of proof of address. Tax statements or utility bills are accepted. This must clearly show your name (same as that on your ID) and address, it must also be dated within the last 3 months.
Not accepted are bank statements or bills issued electronically
I lol'd Wow, is that real? That sounds like one of those "your great uncle in Zimbabwe died and we need all of your bank info and SSN, mothers maiden , address , favorite pet, favorite color, where you bank at" type of email then we will send you $5,000,000,000,000 |
|
|
|
|
GLBSE is back online, claim form
|
|
|
|
|
It took two weeks to get one from Gox
|
|
|
|
|
I got distracted and then came back too late.
Felt like a dumbass
|
|
|
|
|
I have a level 2 account with gox. I can transfer money fast
If someone with a regular account wanted to transfer say $3000,they would have to do it over 72 hours.
I can get you cash in a couple hours. 3 confirmations
Gox to dwolla to the bank. Example $3000 total is at least 5 days. Minimum
|
|
|
|
|
I do not mind using escrow.
1. I am offering a bank not being serviced well.
2. I have $5,000 a week available
Again, a trusted escrow agent is fine with me.
|
|
|
|
|
Chase exchange up to $3500 usd.
I will hand deliver $3500 and deposit it to your account at Chase bank.
I will deposit it within 30 minutes of the 3rd bitcoin confirmation.
I will fix the exchange rate at buy 12.10 Until 3:00pm central tomorrow.
for example 100 bitcoins gets you $1,210
Pm me details, I will check back at 8:00 am central tomorrow morning
|
|
|
|
|
None that I see.
I am not asking for gaap, because I don't think its realistic. It varies even from cpa to cpa and state to state to a slight degree.
Real world accounting and proof of work.
Let's start somewhere.
Income
Expenses
Proof of work
Seperate bank account (not so hard on bitcoin, takes like 1 second to make a wallet?)
|
|
|
|
|
It is a call to action then
When a exchange listed fund can pass a simple group audit and it makes sense I will invest.
Basic common sense accounting and proof of work.
If someone wanted to do it right, it should be a normal part of business anyway.
|
|
|
|
I did mean personal and company funds need to be separate.
Being on a exchange means public company to me, so funds need to kept apart.
If hardware is paid for in USD or expenses incurred in USD then a exchange rate needs to accounted for at the time the expense is incurred.
$80 electric bill being paid for by shareholder operating expenses needs to be $80/Gox last at the time of the bill
If expenses are in Yen, then Yen/GOX.
A mining company should have to report operating equipment and the hash rate it operates at.
What if someone says 100 ghash farm but they are only outputting 80 ghash?
That is not a viable business, that is taking money from the future to pay dividends today.
It is very easy to show what your output is
Yes, I agree. I suppose I should have just continued with the implied assumption of the conversation being about companies with shareholders. Regardless, the currency conversion things you mentioned are covered by GAAP. Companies (even Bitcoin-based ones) should follow GAAP, and shareholders should demand GAAP compliance by companies before investing in them. Shareholder should also demand transparency (i.e., visibility of hashing power). Real-world companies misrepresent their actual production figures all the time, and they are kept in check via independent auditors. Therefore, shareholders of Bitcoin-based companies should demand either periodical independent auditing or reliable ways of verifying that the company is actually producing what it says it is producing. We are getting somewhere here-- The point is we are supposed to be a self regulated community. If someone wants to be taken serious, they should have to submit to some simple community auditing and regulation. This will reduce scams, increase profit and therefore increase the future value of Bitcoin |
|
|
|
If hardware is paid for in USD or expenses incurred in USD then a exchange rate needs to accounted for at the time the expense is incurred.
The expense is incurring with depreciation! There is a cashflow, but that is not an expense! But that should be easy. When you convert BTC into a fiat on an exchange, you automatically have an exchange rate. Correct, but what shareholder protection is there in the current system? Since the exchange rate is variable, what exchange rate is being used- if not specifically stated? How many dollars did the company get for our Bitcoins? This is a very big question if a large number of Bitcoins is involved. 1000X11.50? or 1000x12.80? |
|
|
|
|
Simple screenshot from a pool.
Last 10 rounds
Payout screen
Transactions coming into the company account matching the transaction out from the pool.
I can think of many ways to prove output beyond a reasonable doubt.
|
|
|
|
|
I did mean personal and company funds need to be separate.
Being on a exchange means public company to me, so funds need to kept apart.
If hardware is paid for in USD or expenses incurred in USD then a exchange rate needs to accounted for at the time the expense is incurred.
$80 electric bill being paid for by shareholder operating expenses needs to be $80/Gox last at the time of the bill
If expenses are in Yen, then Yen/GOX.
A mining company should have to report operating equipment and the hash rate it operates at.
What if someone says 100 ghash farm but they are only outputting 80 ghash?
That is not a viable business, that is taking money from the future to pay dividends today.
It is very easy to show what your output is
|
|
|
|
|
Ok, we'll that looks great right off the bat.
Why don't you promote people using that?
And btw I know what treasury stock is, the problem is people are using their own rules on here.
|
|
|
|
https://docs.google.com/spreadsheet/ccc?key=0AndZm7GH6-UzdE1jRjFnX0J3aFNRdUlhYUp5X0xUdWcThere is no standard accounting in Bitcoin, so we as a community need to develop one to keep people honest. 1. Equipment is USD, so exchange rate needs to be accounted for - so people don't skim 2. Company money needs to help in a second wallet/funds are not to be mixed. - publish the wallet and balance information to be verified 3. Outstanding shares/float needs to be kept current 4. Expenses need to be kept/accounted for in current exchange rate This needs work but I see that people are asking for it. My hashrate formula is really weird. I need help with that - I Frankensteined it together I tried to put it all on one sheet, people lose interest if it is complicated. The best type of accounting is easy accounting. I used figures from Bakewells IPO- these are not correct and need to be adjusted once people put in some suggestions/work
|
|
|
|
A good piece of advice for anyone who uses mtgox is to setup multiple OTP/Yubi keys. Mtgox now offers this, use it.
I personally have a yubi key as a backup and google authenticator setup for my mtgox account.
excellent advice, thank you |
|
|
|
At what point does gox ask for identity when you're just trasnfering via bitcoins and gox codes?
I am pretty sure on this unlimited bitcoin into Gox 200 btc out/$1,000 per 24 period for a unverified account. |
|
|
|
|
Show Posts
