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The volume has fallen at each buying period.
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This could be a reflection of MTgox users cashing USD by purchasing Bitcoins on gox to sell at other exchanges. I think this will carry on for another couple of weeks pushing prices artificially higher, therefore maybe until Gox sort there problems out it's better to look at human behavior than lines on charts.
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I think it's a great Idea I'm working on something similar at the moment called Artcoin, it's a peer to peer painting currency, instead of contributing computational power each peer has to make the picture a little bit prettier. Once a user on the block chain agrees to buy the picture because it's lovely for $2, the difficulty doubles and the next artwork needs to attract a buyer at $4. There's a predetermined amount of artwork to be created (30) as the last one's got to be an absolutely blinding masterpiece that no one can top valued at $1,073,741,824
I'm also working on BC coin (bible code coin) where each peers hashing power goes towards finding revelations about the future hidden inside War and Peace every time we find something trippy an automated email gets sent to the sunday mirror in return for cash split among those who contribute hashing power.
Seriously? ah no! |
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What did you get honors for?
He beat Sagat. lol |
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What did you get honors for?
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At the conclusion of the meeting senior members of the Foreign Exchange Administration and Policy Department advised that due to lack of existing applicable laws, capital controls and the fact that Bitcoin straddles multiple financial facets the following Bitcoin activities are illegal in Thailand:
Buying Bitcoins
Selling Bitcoins
Buying any goods or services in exchange for Bitcoins
Selling any goods or services for Bitcoins
Sending Bitcoins to anyone located outside of Thailand
Receiving Bitcoins from anyone located outside of Thailand
Can we just agree that this might be what they said to him, that they believed it was illegal, that Dave himself didn't (mean to) say that it was illegal, but in the case that it was, he closed operations just to avoid legal ramifications? I really don't want this guy to go to jail for some misunderstanding. edit: old topic title was "Bitcoin Illegal in Thailand" so, yeah, he was wrong there because there actually is no law that says that, regardless of how the legal system there might be regarding things the law doesn't cover. The point is, the law doesn't cover bitcoins. Address that dave and i think we can move on. Perhaps clarify yourself better, and to the public for the confusion. That's why there's such an uproar against your perceived antics like, this is what the misleading wording of your posts caused: https://bitcointalk.org/index.php?topic=264463.0;topicseen"Thailand Bans Bitcoin" + heavy networking effects throughout most press outlets. +1 Sorry Dave I'm just an argumentative fucker out of boredom sometimes I know he's quite right |
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I sold my entire Bitcoin holdings on reception of his news and burnt the money Why did you sell? It is a good news! I bought on this news and have 10% profit now. I was joking I live in Thailand you wally! Ah okay, what else you're joking with? Almost every post I write, I'm a very sarcastic man that can't help making shit jokes |
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I sold my entire Bitcoin holdings on reception of his news and burnt the money Why did you sell? It is a good news! I bought on this news and have 10% profit now. I was joking I live in Thailand you wally! |
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It's completely different to what you were saying are you crazy man?
....edit: looks like they didn't even flat out refuse your bank account why didn't you put more effort in and get yourself a little exchange going mate
Refuse my bank account? ...you don't open a bank account at the central bank Governor supports the following facts: - Bitcoin Co. applied for exchange licenses - Meetings were had (explanations given) - Business asked to stop operations Facts not mentioned in his comments are the direct statements made about legality of bitcoin trades...but why ask the business to stop operation if they are operating perfectly legally? If this info was fabricated, and never issued by the BoT, then why not state so? Ok read the thai and she says she asked dave to stop while they look into it. They dont know what paperwork needs to be done. There is no talk about bitcoin being illegal and that in the future odds are it can be regulated. They just want time. Dave is full of shit about it being illegal.
Prasarn Trairatvorakul is a man...fail...I'm so tempted to hit ignore but...ah just can't do it. As for additional information I can discuss in private with anyone who has a sincere interest in specific questions; but I cannot post any more public comments due to clear legal threats and intimidation from Chang Noi. Feel free to PM me. I highly doubt that anyone else here would be willing publish personal information publicly with someone like Chang Noi screaming "I'm gonna grass you in", "I hope you go to jail", etc.... As previously mentioned criminal defamation laws can be applied to truthful statements in Thailand so I must be careful. Sorry get your license! As the article says It is accurate to say that Thailand has not issued you a license to a Bitcoin Exchange, but it is a different issue from banning Bitcoin. Post Today cite BOT Governor Prasarn who states that in relation to the statement the Bitcoin company posted on their Web site, that the company contacted the BOT to request permission for the “money changer” business, but what they are doing is not exchanging of money. It may constitute being related to changes in the exchange rate. Therefore, we asked for suspension of activities through their Web site while we investigated. For now, we are liaising with relevant authorities to look at the details both the ICT (in relation to electronic transactions), Ministry of Finance, and the SEC before considering whether we can give a license or not. “Listening to their explanation, it is almost in the direction of the exchange rate so we asked they stop so we could investigate first and for now we asked they not involve themselves with the Baht because what they do may be a way to speculate on the exchange rate. Hence, we asked for time to look at the issue first. For the issue that they explained on being able to oversee other countries, the BOT asked them to send more information first” Mr. Prasarn stated |
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Thanks Dave!  (Not entirely sure why this appears in the google image search for "Thanks Dave", but oh well!)  Because it's a perfect anagram of "thanks Dave for walking along the waves" |
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I think it's a great Idea I'm working on something similar at the moment called Artcoin, it's a peer to peer painting currency, instead of contributing computational power each peer has to make the picture a little bit prettier. Once a user on the block chain agrees to buy the picture because it's lovely for $2, the difficulty doubles and the next artwork needs to attract a buyer at $4. There's a predetermined amount of artwork to be created (30) as the last one's got to be an absolutely blinding masterpiece that no one can top valued at $1,073,741,824
I'm also working on BC coin (bible code coin) where each peers hashing power goes towards finding revelations about the future hidden inside War and Peace every time we find something trippy an automated email gets sent to the sunday mirror in return for cash split among those who contribute hashing power.
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as I did read the whole thread through and can see that it may have appeared to you that people were attacking you personally, when I think really they were havign difficulty communicating that they did not believe your 'story' without the provision of credible sources
There's a fine line. For me it's difficult not to attack him personally, since he personally spread this fake news which the stupid media copy-pasted without bothering to check if it was legit... While it's not his fault if the media are stupid, it is definitely his fault if he spread FUD. I sold my entire Bitcoin holdings on reception of his news and burnt the money I received as not to get into any legal difficulties. I've bribed a screw in the Hilton to right this comment as I was unaware both burning an image of the King, and lighting a naked flame in a petrol station was illegal here. |
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That's the same quoted text dave!!! “Listening to their explanation, it is almost in the direction of the exchange rate so we asked they stop so we could investigate first and for now we asked they not involve themselves with the Baht because what they do may be a way to speculate on the exchange rate. Hence, we asked for time to look at the issue first. For the issue that they explained on being able to oversee other countries, the BOT asked them to send more information first” “ฟังที่เขาอธิบาย มันค่อนไปในทางเกี่ยวข้องกับอัตราแลกเปลี่ยน จึงต้องขอให้เขาหยุดและตรวจสอบก่อน และเวลานี้เราก็ขอให้เขาไม่มายุ่งกับเงินบาท เพราะสิ่งที่เขาทำอาจเป็นช่องทางเข้ามาเก็งกำไรอัตราแลกเปลี่ยนก็เป็นได้ จึงขอเวลาศึกษาก่อน ส่วนกรณีที่เขาชี้แจงว่า สามารถทำได้ในการกำกับดูแลของประเทศอื่นๆ ทางแบงก์ชาติก็ขอให้เขาส่งข้อมูลมาให้ดูเพิ่มเติมแล้ว” นายประสาร กล่าว It's completely different to what you were saying are you crazy man? ....edit: looks like they didn't even flat out refuse your bank account why didn't you put more effort in and get yourself a little exchange going mate |
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You have also agreed that there is "...nothing on paper." - Unverified Why do you keep insisting there should be something on paper? Is Bitcoin on paper? "On paper" is a commonly used western phrase, meaning that the idea being discussed (usually, but not exclusively orally) has been laid down properly. In this context, it would be taken (by a westerner) to mean "laid down by law (officially)". I, of course, do not want him to print out the original article on paper, and take a picture of it for me. Apologies if the idiom was above your understanding of English (or you are not a native speaker etc). thanks. too many commas mate |
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Wow what a whole bunch of nothing!
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What you do not understand is that what you already posted is slander. You uploading the real conversation is legal.
You are trying to hide behind the wrong law.
Edit: You have harmed Thailand by telling the world that BTC is illegal in Thailand, you really should either admit you were wrong, or post evidence that what you said is the case. Since you claim you have the evidence please post it!
I would love to here "the bankers" quote the laws where it says BTC is illegal. But you just do not have that and we all know it.
Chaang Noi you do realize that slander means "oral defamation"? What foreigners don't come to Thailand for a bit of "oral defamation"? |
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What he can't do is slander.
Chang Noi we both know the criminal defamation laws in Thailand are draconian. If I found a toenail in my big mac and told people about it, I could be put in prision for up to 2 years if mcdonalds decided to press charges; unless I was able to prove that the reason I told people was not to harm mcdonalds in any way. It's just a shame that you've chosen to import those laws into this environment so that a free and open discussion can no longer take place. That's nonsense, I've been working the "toenail burger" scam in Thailand for over two years. I've probably eaten near on a thousand bigmacs now and only ever paid for 2. |
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While MTgox has withdrawal problems the price is going to stay artificial high, and possibly bubble slightly as people use alternative means to cash out. (by buying bitcoins from Gox, pushing price higher and selling on other exchanges)
That happened before when gox reached 115 briefly a few weeks ago while other exchange were hovering below 100. However, exchange rate at other exchanges are also rising this time around. Yeah I think they stay slightly pegged to each other, most people seeing coins priced $15 higher on another exchange will take that as a clear buying signal. |
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While MTgox has withdrawal problems the price is going to stay artificial high, and possibly bubble slightly as people use alternative means to cash out. (by buying bitcoins from Gox, pushing price higher and selling on other exchanges)
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Op regarding Goats post showing you've started a thread inciting people to boycott thai goods, I feel absolutely ashamed we live in the same country and completely disgusted.... who in their fucking right mind uses Redit?
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If I take my laptop to Thailand this summer, do I have to remove my private keys before crossing the border?
Just stash them up ya arse mate |
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