yes you would need a licence. but they are not that expensive if your a bricks and mortar store. You only need it for the area you trade in, not the whole country.
although not recommended for the small independants, but a large retailer that is not a national chain could easily do it.
but the example above is just one 'brain fart' possible way to become less reliant on gox pricing. obviously theres small print details that need covering.
other options to 'help' with licence costs are:
having a single business called "BTCSELLER" that is licenced and then classes each retailer offering its BTC/FIAT service as agents of the BTCSELLER business when doing bitcoin sales.
another option is the Bitcoin ATM company. which simply places a bitcoin ATM in retail stores. where legally its not the retailers business to 'transmit' fiat to BTC
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the way to do it is simple
lets say bitcoin is MTGOX valued at $70
let take a merchant that sells bitcoins and T-Shirts.
he sells Tshirts at $8 each (fiat) he sells bitcoins at $80 each but offers people T-shirts at 0.09BTC ($7.20) to tempt people to buy bitcoins
other merchants start following suite.
soon the bitcoin population see bitcoins are being bought for $80 and ignore mtgox prices as mtgox is limited in its routes to fund, due to easier methods of gaining bitcoin in retail stores.
also those that buy bitcoins at $80 wont sell them on MTGox for under $80.. making MTGOX follow retailer pricing, instead of the other way around
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dumb.. ability to hack a password means someone has atleast 100 IQ
having a hackable password on the other hand..............
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you got a point. a few people here just want to see it mentioned on newspapers. not used to buy news articles, so +1 for your idea. people don't need to sell/advertise bitcoin like a product by advertising it in newspapers. because people already see it as a product. meaning its something they buy and then think to themselves, what can they use it with.
what truly needs to be done is have a bitcoin 'yellow pages' of businesses that accept bitcoin.
most people can only think of and name 5-10 LEGIT bitcoin businesses.
the most common are: wordpress bitmit bitcoinstore
and a couple random others.
but hardly anyone can name or even realise that there are thousands of businesses, and not just in the U.S. everything from dating (OKCupid), fast food (Foodler).
if you truly want to try something, heres a sales pitch (aimed at the armchair activists)
"tired of being alone in your basement hacking away at your keyboard, with no love in your life. well thanks to bitcoin you can be rich, successful and find love.
1)get into bitcoin 2)sign up to OKCupid with bitcoin 3)order food at Foodler ready for when your date arrives
now feel happy that you never had to leave your house to even visit an ATM
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to mxc0bbn The name Kremlin means "fortress", and is often used as a metonym to refer to the government of the Soviet Union (1922–1991) Russia Today Launched 10 December 2005 14 years of facepalm and i guess you have never heard of Max Keiser.. but if you truly are against the russians.. (i don't know why) then try this http://www.youtube.com/watch?v=oWzngUrGo0Ylol casinoBit definitely illustrates how i imagine the OP and first responder
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as for the idea of NSA making a user account to publicly do fake terrorist activities to then publicise.. that is what is called propoganda..
much the the DEA report about the DEA seizing bitcoins.. most people would call that bad press because it links bitcoins to drugs..
i am not int drugs so i hate the words silk road mentioned. but that DEA report tells me this.
in 2013 between February and May well over 50 million dollars was seized related to drugs.. in 2013 between February and May well only 11BTC was seized related to drugs..
which is more drug related currency?
so with every piece of propaganda there is always a smart person to put spin on it or to explain it in a way that shows out of the huge scheme of world economy one persons 'trading' does not really amount to much
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Excuse me if this has been talked about before, but I'd like to get peoples thoughts about how, as a community, we will protect/insure that our assets are secure as "possible".
Mainly, I'd like to focus on how we communicate with each other. Bitcointalk.org , solely in my opinion, is the main source for updates/conversation about BTC and it's future in our lives. A few friends and I were discussing BTC and we tend to jump from subject to subject about any topic we are talking about. We got into the subject on how the Bitcoin community needs a more secure way to communicate with each other in-case of a organized assault on the community. By organized assault, we meant a government / corporations attempt to disrupt the day to day flow of information with the users/developers of bitcoin.
First off, Is bitcointalk.org technically able to mitigate a DDOS for a prolonged period of time. Do you have plans, if need be, to change Domains? What I'd like to see is bitcointalk.org to be as/more resilient than pirate bay. I know they have been brought down for some periods, but you have to admit, the site admins are fantastic to reacting to attacks against the service, and adapting to maintain service throughout an attack.
Is bitcointalk.org being pen-tested by a professional company? As even the best plans can be laid, you never know if they will work until you test them. Any/all plans should be checked/tested frequently in my opinion.
Secondly, has bitcointalk.org discussed how a organized effort could affect it's operation? A topic that was brought up is, if the government wanted to get rid of Bitcoin, all they would have to do create a history on this forum with a user name, mainly one that is a extremist, publicly buy some questionable thing from other fake users, and than transfer BTC to a terrorist account that NSA would happen to just be monitoring that account for incoming bitcoin payments. As I even smiled at this idea because of how radical it is, you can't deny the fact that the government could launch a massive PR campaign against Bitcoin and rally the uninformed US citizen to turn against Bitcoin, at least in the US. I know, as we all do, that bitcoin is world wide, but you can't think that our governments couldn't pull off a push worldwide if they really thought Bitcoin was a threat to their fiat currency. It's a interesting subject that needs thought about if it already hasn't been.
Thirdly, more of a idea, but couldn't we develop a chat platform that would utilize bitcoin's network/cryptography to send/recieve messages from a "ID." That ID can be discussed later, but wouldn't that serve as a secondary form of communicate in the event that a government seizes/blocks any domains that is used for bitcoin communication? It would work on a already self-regulated network that is supplied by it's users, and would allow a certain amount of resiliency for communications to be delivered.
Just some idea's we've talked about, and I'm interested in your thoughts about these. Thanks!
the short version,,,,, IRC #Bitcoin medium version,,,,, when bitcoin was going to fork in the past due to different versions of 0.7x the development teams were all in communication with the pools, etc to get through it within a couple hours. worse comes to worse if bitcointalk went down. the discussion dies. i would not recommend every run off to #bitcoin to continue random topics, but i would recommend that they use #bitcoin to see where the new domain is or find out how soon the issues may become resolved. IRC seems to be the best way to communicate. it does not have to be that one Sole room. there are already altcoin rooms, dev rooms, community group rooms to ensure a thousand random topics of conversation dont occur in one place, which should allow the devs to get on with their important word without trolling. and have designated area's for whatever topic you want to discuss..much like this forum has sub categories.
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Also CampBX, which is registered as Bulbul Investments LLC with the MSB registration number: 31000026967575 Do you have any idea what that means?? Please tell. ok CAMPBX is the new 'bankers favourite' 405 Seller of money orders 408 Check casher 409 Money transmitter 499 Other for all US states.. after rechecking the listings of companies just beginning 'Bit' only bitbox is 409 registered. (guess my enthusiasm was too quick) i could see campBX not having as many bureaucratic issues with frozen accounts then lets say... exchanges like version 1 of intersango
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Franky's totally right: if you touch fiat (in the open rather than in the hidden underground "cash-only" market), then you have to play by the State's and banks' rules. You're exactly right, while also completely missing the point. You're operating under the assumption that a business that works on the interface between fiat and bitcoin needs to touch it in order to operate. This is not the case. It's a matter of being creative and challenging your assumptions of what a business is and what it takes to operate one successfully. If you think of a business as an organization that requires an office, and a corporate charter, and a bank account, you start off excluding a great many possible solutions to the problems due the way you're unconsciously limiting your imagination. Think of a business a being simply a group of people who are all working together to earn an income by solving problems. What tools does a group of people who are working together to solve problems need to organize themselves? What are all the possible approaches they could try in order to overcome the obstacles getting in their way? Do they all need to be located in the same city, or even the same continent? Entire universes of possibilities present themselves if you set aside preconceived notions that were formed in previous centuries and instead remain open to fully employing the capabilities we have today. that is also true. but half of these Exchanges do not diversify EG having independant parties staying under thresholds to not independantly require certain bureaucracy. this is where in the UK bitbargain works great. its not one bank account or one employee accountable.. its like localbitcoins in certain ways. which lessens the requirements of Bitbargain owner needing to be bureaucratically covered as they themselves do not touch the individual FIAT
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if you want to utilise the tool of freedom known as bitcoin.... then stop relying on the government FIAT.. Because it's always wise to take advice from people that have no idea what they're talking about but like telling other people what to do. I'm putting your spam on ignore. See ya. well wishing for government to stop controlling their property(fiat), by talking about it on a forum.. hmm that'll work (not)
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if you want to utilise the tool of freedom known as bitcoin.... then stop relying on the government FIAT..
while still requiring the use of bitcoin to fiat exchanges you are still relying on FIAT (government property)
its hard for you to complain about not wanting regulation and wanting the freedom of bitcoin if you do not yourself free yourself away from requiring FIAT.
bitcoin is not government property thus no government can claim ownership to then regulate it. so stop worrying about bitcoin regulation.. the whole regulations thing is about FIAT
if you dont like FIAT laws. then dont touch fiat.
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the reason it is a big difference right now, is due to the sudden drop of MTGOX..
we in the UK are trying not to act like Gox sheep by constantly following the price by the penny.
bitcoin in our eyes is worth more then£60 a coin. but because of all the Gox farmers wanting the sheep to follow the leader, a compromise occurs.
atleast most didnt ignore the dollar price after the Gox fall of $266.. or we would still have bitcoins at over £170 right now.
do not blame UK bitcoin sellers. blame gox for being the centralised price point
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every minute becoming compliant for dealing with FIAT is one less month having your funds frozen and lost trust due to non compliance of handling FIAT.
i fully advocate BITCOIN is not regulated.. but the FIAT gateways into bitcoin.. well thats a little different.
regulation is about FIAT regulation has always been about FIAT regulation will be about FIAT
if you don't want regulation don't be a FIAT exchanger.. become a T-shirt or grocery's for BTC exchanger instead.
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franky1 Love your enthusiam, but could you please stop posting your opinion about things you not nothing about. It is really not helpful. i know more then you think, but a comment like that, i guess your in team 'death and taxes' . if so.. i lol you
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+1. Every dollar spent having to comply with regulations is one less dollar spent on providing bitcoin products and services, and one less dollar's worth of BTC in the bitcoin economy.
wrong.. if alice has bitcoins and jeff has dollars. and they use dave's exchange.. dave does not remove jeffs funds to pay for licences.. dave uses the 0.x% profits of both alice and jeff's transactions when trading.. or dave uses own investment to buy licences and then recoups and eventually profits from the 0.x% transaction fee's.. the amount of dollar in the economy does not change.. and no exchange should be removing funds from the thousands of Jeff's in an exchange. lastly if a exchange cant afford the licences. then it shouldnt really be trusted to handle billions of dollar economy
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when dealing with fiat u got no choice....
be regulated or be shut down...
so its not really about advocating, its about limiting risk of being shut down. now that exchanges are starting to get licences it will secure the trust that our funds are not being managed by inexperienced zit faced squatters. thus secure future growth..
so lets just plod on through the growing pains and enjoy the future.
a price drop is not a reason to cry, its a reason to buy in cheap.
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Result of WHOIS query: Domain name: bitcoin-services.co.uk Registrant: Bitcoin Services Registrant type: UK Sole Trader Registrant's address: Jape One Business Centre Dell Road Rochdale OL12 6BZ United Kingdom Registrar: One.com A/S t/a One.com A/S [Tag = TJNF-DK] URL: http://www.one.com Relevant dates: Registered on: 23-Dec-2012 Expiry date: 23-Dec-2014 Last updated: 12-Jan-2013 Registration status: Registered until expiry date. Name servers: ns01.one.com ns02.one.com WHOIS lookup made at 00:49:53 05-Jul-2013
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articles like this seem to be wrote by one person, that that person bought in at the high price of $250 and is now butt hurt that its worth $88
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