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28141  Bitcoin / Bitcoin Discussion / Re: I'm Going To Mexico With Some Bitcoins on: July 11, 2013, 01:38:57 AM
lol goodluck buying stuff in mexico with Bitcoins!

Lol, I'll have money. I'm just taking them there.

blackmailing stepdad by threatening him with saying he is a murderer.
https://bitcointalk.org/index.php?topic=246017.msg2608747#msg2608747

then publishing video's saying your own mom is a whore
https://bitcointalk.org/index.php?topic=253178.msg2693999#msg2693999

i can see you are going to get far inlife........................ not
28142  Bitcoin / Bitcoin Discussion / Re: How is someone with 10000 BTC on them living now? Quora Question on: July 11, 2013, 01:29:51 AM
unfortunately 99% of people who become rich will spend it on material possessions rather than experiences, and because of this they don't reach the happiness they thought they would.    I would spend it on experiences instead.  I would go skydiving around the world, do a HALO jump, get my pilots license, go surfing, scuba diving, etc etc etc..

those experienced enough to get 10,000 honestly and fairly obviously know a thing or two about finance. and from personal experience, im living off the 'profits' / interest of lump sums and adding to the lumps. thus not technically spending more then im earning. thus having true financial freedom to not have to worry

those that have never experienced wealth above a certain level will of course spend it on wasteful possessions, that they pretend will enrich their lives
28143  Bitcoin / Bitcoin Discussion / Re: I'm Going To Mexico With Some Bitcoins on: July 10, 2013, 08:30:15 PM
lol goodluck buying stuff in mexico with Bitcoins!

guess you missed the rest of the story.
1) try getting $100,000 for a charity.. where he then travels around the world to raise awareness of nut allergies
2) threatens to sue step father for murder when the step father said no to handing over money to his 'charity'
3) back to plan 'A' get strangers to hand him bitcoins for a bitcoin coffee shop, a town, a commune, a cybercafe, a library, mining machines, gaming group, plus other brain farts. to then go on a world tour..
28144  Bitcoin / Hardware / Re: Video Interview - Bitcoin Mining For The Masses – Cloud Hashing on: July 10, 2013, 07:56:02 PM
cloud hashing in laymans terms is simply : renting hashpower from others.

which can be beneficial in these ways:
no headache of listening to whizzing fans 24/7
not having to set up and play about with settings of equipment
not hhaving to take a day off work to accept delivery of equipment
not having a large electric bill attached to your home which some authorities use to scout out weed farmers.

you simply pay an amount of funds and get an amount of hash power for an allotment of time.

its not a scam in itself, but handing funds over to someone you cant slap with a wet wish is always a risk and opens people up to scamming opportunities.

so as always, be cautious.
28145  Bitcoin / Bitcoin Discussion / Re: How is someone with 10000 BTC on them living now? Quora Question on: July 10, 2013, 07:53:50 PM
answer: very comfortably
28146  Other / Off-topic / Re: !!!Bitcoin community-Please help us fight against cancer!!! on: July 10, 2013, 07:41:34 PM
I am trying to raise 9500$ in order to help fund the Wycombe Marathon.


i hope you mean fund a medical laboratory that is researching cancer cures,  Grin
28147  Bitcoin / Mining / Re: How to drive the mining difficulty toward 0 rather than infinity! on: July 10, 2013, 05:17:16 PM
i think this is just a lengthy rant that someone without an asic can't mine for profit. thus trying to get the hasrate down so they can mine on their CPU ... lol

maybe its time people start to divert their minds away from "mining is the only way to make money" as many people seem to think.. and use your minds at other area's of the economy.

such as buying T-shirts for £$1 and selling them for £$4 worth of bitcoins.

or the million and 1 other items people in the real world trade for FIAT.

mining in reality SHOULD be only 1% of the economy, with retail being in the 90 percentile of income generation..

28148  Bitcoin / Bitcoin Discussion / Re: I'm Going To Mexico With Some Bitcoins on: July 10, 2013, 04:43:59 PM
i guess you dont really care about your mother and other brother..

i knew your previous posts were all fud.

but goodluck in mexico with your 3BTC
28149  Bitcoin / Development & Technical Discussion / Re: proposal: delete blocks older than 1000 on: July 10, 2013, 01:26:00 PM
the problem is that hoarders still have coins in very old blocks. so pruning will only work on blocks where every single transaction is 'spent'

edit:  Grin birdy beat me to the punchline of how simply removing x amount of blocks wont work
28150  Bitcoin / Bitcoin Discussion / Re: Bitcoin in MMOs (or other video games) on: July 10, 2013, 07:30:02 AM
Using cryptocurrencies as payment method in mmo games would be neat, but it might also make the in-game economy a rollercoaster ride if it would not consider the wildly changing value of cryptocurrencies. In the future when some cryptocurrency has been accepted as legitimate currency by goverments around the world, then it might make sense.

your obviously new to the scene. when a crypto coin is accepted it can be converted to fiat at the time of acceptance, using the live pricing to minimise/avoid loss. either using API calls to exchanges or using payment gateways such as bitpay.

unlike paypal which takes business days/months to confirm the funds are risk free of refunds and take a few days to reach your bank.

in the UK the time from having bitcoin to getting FIAT in your bank is under 10 minutes (if you avoid american/non european banking systems)

so this can be a great benefit to UK/Euro game developers. instant cash (give or take less then an hour Cheesy)
28151  Bitcoin / Bitcoin Discussion / Re: Manhattan Law Firm Accepts Bitcoin on: July 10, 2013, 03:58:44 AM
well atleast he is part of bitcoin foundation so he already knows the technicalities of bitcoin. just a shame that its more bitcoins ending up in the hands of foundation board members.
28152  Economy / Service Discussion / Re: Cant send PM's on BTC-E? on: July 10, 2013, 02:56:29 AM
add BTC-e to skype. message them. they seem to reply faster then the ticket system

skype: btc-e.com

dont tell them passwords or emails. just your username
28153  Bitcoin / Bitcoin Discussion / Re: Bitcoin in MMOs (or other video games) on: July 09, 2013, 11:44:43 PM
online games can integrate it easy.

when a customer buys the game they get given a bitcoin address registered to their username. the server puts the public address into a config file, zips it up and allows the customer to download.

now that username is linked to a key that cant be keygened.

the server keeps the private keys , checks balances, etc. so that users are forced to pay into that public address to credit their accounts.

even if a user swaps out the public address in their download for another address.. because the server is only looking for the address linked to the privkey.. its useless to hack/mod the local download on customers machines
28154  Other / Off-topic / Re: Help fund our non profit on: July 09, 2013, 06:50:35 PM
wow that cry was so loud, it echo'd
28155  Other / Off-topic / Re: Help fund our non profit on: July 09, 2013, 05:45:32 PM
Show me the source of where you got my "name" even though that isn't my name.

You got me congrats but im still not that weed growing guy, i swear. now time to change my i.p delete my twitter change my steam account delete my google account, delete my bitcoin account and this account

weldone for the quick scam spot, dox and destroy.

i hate these scammers. im just waitin on finshaggys next exploit lol
28156  Bitcoin / Bitcoin Discussion / Re: Taking Bitcoin to the next level on: July 09, 2013, 01:17:42 AM
most people already have smartphones.. i have one that cost under $50 that has the blockchain.info wallet on it.. i cant see a problem....

but a person having to have a second device that's only function is transferring money. and IF NOT using a mesh network (with its own problems) it would require its own call plan to have internet access.

i think App development is the way forward, not device development for wallets
28157  Bitcoin / Bitcoin Discussion / Re: Would you buy a on: July 08, 2013, 05:25:42 PM
you dont need a device.. just the programming skills to make a good app for the current range of smart phones.

most people do not want to spend $20-$200 just to store there cash, but an app adds a layer of security to your phone.. that would work
28158  Bitcoin / Bitcoin Discussion / Re: Run 'Round FINCEN Rules. Bitcoin Exchanges without Registering on: July 08, 2013, 03:20:27 AM
If I buy a currency via e-trade, scottrade, or the other with USD i'm not required to have a license.  Why would bitcoin be any different?

I'd be interested to hear arguments against.

bitcoin is not different. its just that a few numbskulls have mis-read the fincen guidelines and put on their panic hats.
28159  Bitcoin / Bitcoin Discussion / Re: Run 'Round FINCEN Rules. Bitcoin Exchanges without Registering on: July 08, 2013, 02:56:22 AM


I should point out that there are no administrators since the requirement states they be able to both issue and redeem (withdraw from circulation) --- nobody can withdraw a bitcoin from circulation - so we have no administrators.

so the only thing at applies is "as a business" re: exchange of bitcoin to fiat or vice versa.

So miners and users don't need to concern themselves - only exchanges and people who are registered as a business...


99% correct - green is statement on point. red is not so on point.
miners making bitcoin are fine. but mining pools such as 50BTC.com which allows withdrawals in FIAT at the pool. have to be careful.
mining 'workers' dont need to be concerned but pools offering FIAT(direct bank transfer)/convertible virtual currency (dwolla /webmoney online representation of FIAT) Do need to be careful

anything touching FIAT has to be careful. fincen rules are all about dollars and always have been.

the words
Convertible virtual currency - is not bitcoin. so bitcoin remains unaffected just like the last 4 years.

convertible virtual currency = a database on a server(not owned by the banking sector) with a numeric amount that represents a FIAT value.

EG bitstamp dollar is not a legal tender dollar as its only viewable on bitstamp servers. so this is the convertible virtual currency.

bank account dollar is legal tender. so when bitstamp convert their online balance into someones bank account they need to be registerd as a MSB and regulated(licenced) for money transmission because they are moving legal tender aswell as convertible virtual currency.

for a mining pool owner just moving dwolla balances from his dwolla account to his mining workers dwolla accounts. he just needs to be a MSB registered but not money transmission licenced, due to the fact that they are not moving legal tender. only convertible virtual currency (dwolla dollars). so no money transmission licence.(because they dont touch BANK accounts of customers)

the simple rule is. if your moving FIAT around or handling the online digital form of it AS A BUSINESS you need to be MSB registered. if you are then doing specific things like moving it into bank accounts (legal tender) then you need money transmitter licences ontop.
28160  Alternate cryptocurrencies / Altcoin Discussion / Re: Is XRP ripple atomic, or can it be split into smaller units like bitcoin? on: July 07, 2013, 09:04:52 PM
What does it matter? XRP can be increased infinitely by Opencoin, Inc. at any time.

then stop treating xrp as another alt coin.........

because its not..

ripple is like the postal service for transmitting bitcoins and FIAT. XRP is the stamps on the envelope which opencoin sell/give away for its postal systm to work. and they get paid from these XRP. just like the postal service gets pad via stamp prices..

at the moment large exchanges are buying stamps(xrp) because they need to do alot of transactions so they need to stock pile. that is the only reason for treating XRP as a valued item

it was never intended to be used purely for swapping back and forth for profit by the average population.

if you can make profit on it great. if you cant make profit and have grievances about the fact that its not got the same features of a altcoin. then you need to stop trading it. and just hold maybe 1000XRP for its intended use as the transaction fee on the peer-to-peer system known as ripple.
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