Great video. No dumb shit, only thing they got wrong was the paper was released in 2008.
lol wrong he wrote the paper before 2009 because the paper was used to then make bitcoin which came out in 2009.. so dont confuse when bitcoin went live with when the paper was made/released |
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franky1, many thanks for replying. IamSatoshi is a project to explore Bitcoin as an alternative to the current financial system in the networked culture we live in.
One of the angles that will be explored is Bitcoin and charity. We wanted to give the stage to Lee and his very well thought initiative and, by having yourself showing interest I believe we're all on the right track. Will you like me to connect you with Lee? He'll really appreciate it.
It will be very interesting to learn more about your Bitcoin experiences. If it's okay, I can PM you.
Best regards
sure no problems |
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great advice "lawyer"
the only problem now is you will be ignored by finshaggy..
alot of people have asked him to develop his brain farts into proper business plans showing strengths weaknesses etc. but then he goes on a temper tantrum of insults because we are not instantly buying into his idea to instantly hand him money over.
so i just warning you now. try to emphasise the importance of developing an idea past a brainfart to him, but try not to sound like your bursting his imaginary balloon
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main paragraphs to research and change, due to lack of knowledge on the part of finshaggy
Lol, the lack of knowledge is actually on Franky's part. And it is due to lack of reading or watching the videos plainly available in the first post. the rest of the world wants knowledge of the reality of the world and limits of the project. not the extra detail of the colours and the symbols on the flag of your utopia.. you may have more knowledge of how you want your town to be because your drugged hallucinations dreamed it up. but you do not show very much knowledge about the realities of the world/infrustructure/ basic requirements/ laws/ policies/ permits etc to make it happen |
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main paragraphs to research and change, due to lack of knowledge on the part of finshaggy All you need to start a town is 51% of the people's vote, and a written constitution or some other founding document. suggestion: look into freestate project. the comment finshaggy makes it to attempt to blindside people into believing to make a fully legal and established town is x amount of land and a hand full of people. the actual scenario is that this just alows them to name a plot of land. the laws and coverage of government control do not change. next If 200 people each put in $10,000 (or equivalent in BTC) the property would be ours (I think this could be accomplished in 1 year). this again is just for finshaggys stretch of land called masontown. no electric, water, internet will be secure on this land. and finshaggy will be the towns governor/owner/mayor of the land. deciding on who get plots, where he has been fully made aware of that community buildings/farms/solar fields take up space which reduces space left over for residences. so dont expect the $10,000 to end up as your own land under your own control. finshaggy has already stated voters can vote to utilise other peoples empty space for the benefit of the community. next communal money this is the bit that finshaggy hides away from. his own total investmet fund of 3BTC (partly spent on silk road already wont be used for any of his projects. it will all be from potential residents paying him to control the town under his utopian dream. other people have made their suggestions and have been ignored. finshaggy is not a competent leader to be trusted with community funds i would go on but i have at this point seen 5 other opportunities to facepalm his statements, and thus i give up trying t show the truth behind finshaggys brain fart Edit thank you Elwar. you took over and done it faster, then where i was about to give up highlighting the fails |
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just read the webpage. seems your at an early stage. and your IT experience would have initially made me think your going to produce software/ web services revolving around bitcoin. EG a UK pound sterling version of bitpay.
but it seems you want investment to investigate tax.
i have been around long enough to have had lengthy talks with FSA, HMRC, a few banks, merchants. to have a reasonable opinion on where the UK stands at the moment in terms of bitcoin. knowing its positive points and things holding it back.
the tax question has pretty much been dealt with already. so what else will the UK association provide.
I ask this as an active investor and promoter of bitcoins in the UK with a few successes under my belt and a endless list of plans for the future which i would love to see more of the community pull together to achieve.
and a bit of friendly advice try not to get too involved with 'mohawk' AKA Amir taaki. his uptopian dream is great but the descriptions of the real world are beyond anarchistic and actually ruin chances of merchant integration.
EG saying how the banks are out to get customers. yet the UK banking system is the fast and cheapest method to transfer money. which is why UK is not seeing as many positives about bitcoin as other countries see bitcoin as.
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These are just my feelings on the whole Idea of Bitcoin. In all honesty I see a very hostile environment. As a new person to bitcoin I can't see this as a welcoming forum. I see the same as every other aspect of society.
The leaders seem to be on the take, the manufactures of devices either only accept bitcoins which someone who is starting does not have or accept pre-orders and ship after ROI has almost vanished. The difficulty is rising so fast that in order to make more than breaking even one must make a large sunk cost to have any chance.
There is no avenue for small investors that empathizes with the motto of Bitcoin decentralization. At the same time I don't want to say I am naive to believe that companies and or organization would give out free opportunities. So why would anyone want to invest in something that is so hostile to new people.
As the only reason why I sit here on this forum is to see how this all ends up. Me being curios is the only reason as to why I sit here and watch the worst of humanity conducts its business.
GPU's are dead
small Asics are sold in large batches to stay above the difficulty curve to be able to make money. I don't know about you but I don't trust group buys
Asics are going to less decentralized members
There is no room for me. To be honest I think I never was in and although I have tried and have given bitcoin more than enough of my attention I have seen the worst in people.
I'll watch some more and then go on to other things. Hope that does not happen in a large scale.
you seem to have a one track mind revolving around mining. bitcoin is a whole economy, imagine it like a new country being born with its own currency. there are training opportunities, retail opportunities, manufacturing, freelance opportunities, etc etc. the bitcoin world is your oyster. if you can't afford a mining rig then set up a shop selling groceries, clothing, DIY products, rent out apartment complexes, offer many other services like electrician, cable TV installers, plumbers. bitcoin is not just about mining |
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How about we start with getting him on board?
+1 definetly i hate all of these strangers saying give me coins for X reason and they will someday get to their destination it is much better to get in contact with him and get him to make a personalised youtube video showing his bitcoin address so we can send funds direct to him |
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For those worried about this, ask yourself this: "What regulation or restriction can be implemented to stop all use of Bitcoin?"
I sure as hell can't come up with anything.
although fincen only care about the fiat exchanges. if..... IF there was a day they moved onto the bitcoin side of the fense by buying up the copyright/trademarks from MTGOX and then taking over armory, blockchain.info, bitcoin foundation. the first thing i would see is forcing the main software developers to add login pages to the programs. which link to personal information. which would put a dent into bitcoin freedoms. but because fiat is government property and bitcoin is not... it wont ever happen The entire scenario you described is impossible LOL. Nobody has anything to fear. not impossible. just very very improbable |
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Once upon a time there was a village where one rich man who had ten breads while the rest of the village was poor and starved. The rich man said to the poor people: "listen, I will share one bread with the rest of you, that should keep you satisfied" the villagers responded: "one bread wont feed us all" The rich man said "Oh, that is no problem, the bread can be cut into 20 slices". But The villagers responded "that is not enough, we are thousands of starving people" The rich man then said "that is still not a problem, because each slice of bread can be divided into hundreds of crumbles - and if that is not enough for you, each crumble can actually be divided into billions of molecules"
Stupid story? Well it is exactly the same logic that a disturbingly lot of people here believe can solve the problem of the limited supply of bitcoins.
food and currency are 2 different things. lets sat a town mayor owned one satoshi. he could divide it up as a trusted person into 100,000 parts and print pieces of paper that he trades gold, food, land for the decimals and then the receivers of the decimals can then use those decimals to trade amungst themselves for food, products etc. or trade with the town mayor to change the decimals back into gold/land whatever. never disappearing. one slice of bread will keep a stomach happy for half a day. after that its gone never to come back, flushed down the toilet and tomorrow everyone is to starve. completely different things entirely |
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What do you guys think about a business like mine, Coingig.com, we allow sellers to create a store and sell products to other users. We have an intermediary escrow system that keeps the bitcoin the buyer pays and we don't release it to the seller until the buyer has received their item. Are we classified as a money transmitter? I would guess so, what are everyone's thoughts, what is the best way to work with FINCEN to remain open? Any help is greatly appreciated. your not a money transmitter. imagine you would only sell for dollars. that would look like a regular web shop. does a webshop need a banking license ? now you are adding other currencies. (maybe you should actually consider having your prices in some additional currencies). one of them is bitcoin. i donīt see how that would make you now a money transmitter. it is still plain e-commerce webshop. the escrow is a service, other webshops may have smiliar services. find a lawyer, get one or two expert opinions. i would not recommend asking them. great idea, nice website! I would guess we are more of a money service I presume after reading through the last posts. You are right about being a plain webshop if you take out the bitcoin aspect, we won't be considered a money transmitter. The question comes into play when this webshop starts accepting other currencies unlike other webshops that just deal with their local one, in our case bitcoin, so although we are not a money transmitter we would maybe be considered a money service. Like you said the best is to get an expert advice from a lawyer for clarification. Thank you for the feedback about the site and my question  laywers are limited in their knowledge. speak to the financial regulators of your country. |
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Reading this I am still left wondering if an exchange is a money transmitter. Seems like it would be a money services business, but not necessarily a money transmitter.
simple answer logically money= FIAT (finances insured and taxed by governments) a money services business trades money for products and services . EG buying a bitcoin or a tin of baked beans. a money transmitter puts and takes money from peoples bank accounts |
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go to the source The source is the European Central Bank. Virtual currency schemes could lead to the emergence of multiple units of account in the real economy. Virtual currency scheme owners could then be tempted to issue excessive amounts in order to profit from the placement of these funds. A change in views about the creditworthiness of these issuers (and the associated virtual exchange rate variability) would threaten to undermine the role of money in providing a single unit of account as a common financial denominator for the whole economy. http://www.ecb.europa.eu/pub/pdf/other/virtualcurrencyschemes201210en.pdf"Would threaten" is Bankerese for "does threaten". nice quote. which IN CONTEXT is about saying dumb naive FIAT exchanges saying this person should be credited wth 1 billion dollars/euros when in actual fact they only have $10, 10 euro to their name. causing the "value" of their single unit of account (FIAT) to go haywire affecting the whole FIAT economy. causing for instance a liberty reserve dollar being worth more then a bank note dollar, which would be different Value then a bitstamp dollar, all because of the credibility of the FIAT exchanger manipulating the bank's accounting systems. as you read the ECB report you see it does not care about second life (the game) which creates and trades lnden dollars. it only cares about the FIAT-linden exchangers. same as the other examples.. its all about the FIAT |
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nah its not bitcoin causing negative impact... its the bankers of 2007 that done that, all by themselves
Bitcoin is a threat because banks can't manipulate its creation or distribution. They can only attempt to manipulate the price and try to surreptitiously keep as many bitcoins out of circulation as possible. If Bitcoin wasn't a threat to banks, Fincen wouldn't be interested in Bitcoin. bitcoin is not a threat because: 1) the banks only care about FIAT. 2) when you buy bitcoin you hand over FIAT to another person... its the same as buying a tin of baked beans.. money moves from one account to another. but essentialy stays within the financial system, which they love. 3) bitcoin can help banks. instead of polish, mexican, asian workers putting FIAT into envelopes to send to their birth countries. they will in the future buy a bitcoin locally (keeping FIAT in country) and allow the bitcoin move across borders. 4) as long as the gateways in and out of FIAT are secure. they dont care about other currencies. 5) as long as minimum wage laws exist the 99% population that work hourly wages will get paid in FIAT so bitcoin will not "take over" the world.. but may when more popular, work along side it. 6) fincen (america) is only as interested in bitcoin as interested in the EURO. bitcoin has POTENTIAL of being a threat, but right now the Yen and Euro concerns them more then anything. and these fincen meetings are not about BITCOIN par Say. they are about FIAT exchanges that don't obide by FIAT rules, which are now popping up due to naive teentrepreneurs. instead of forming opinions based on chinese whispers of other people on the forum.. PLEASE go to the source, read the material properly. learn what the rules are the limits to their powers and read their concerns and you will see that bitcoin is not a threat. just the naive law breaking people that want to convert their illegal activities into FIAT. the sponsors of the meeting : child exploitation charity, where their due to LIBERTY EXCHANGE (a FIAT exchange) but not due to bitpay, bitinstant, bitcoinQT, bitcoin mining... |
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meanwhile the bitcoin community think that bitcoin will ruin the fiat currencies somehow.
The European Central Bank has already said it was a threat to the reputation of central banks. nah its not bitcoin causing negative impact... its the bankers of 2007 that done that, all by themselves |
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meanwhile the bitcoin community think that bitcoin will ruin the fiat currencies somehow. so the main face of the UK pound coin made a statement  |
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What do you guys think about a business like mine, Coingig.com, we allow sellers to create a store and sell products to other users. We have an intermediary escrow system that keeps the bitcoin the buyer pays and we don't release it to the seller until the buyer has received their item. Are we classified as a money transmitter? I would guess so, what are everyone's thoughts, what is the best way to work with FINCEN to remain open? Any help is greatly appreciated. if you touch fiat then i would call your countries financial authorities. if you only accept bitcoin, don't worry |
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should have said 10+ bitcoins. i looked in my wallet today buy somethings and i noticed my wallet was cleaned out and 2 transactions takeing out the coins.
what wallet were you using. did you download the sourcecode and comple it yourself what operating system do you use what other wallets did you ever have your private keys in EG did you use a vanity gen program to get the address initially in the last 48 hours what other programs or services have you used/downloaded |
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great idea. it is also in the process of poking at the support team of Giff-Gaff to accept bitcoin. imagine it a bitocin funded mobile phone network
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translation is get rid of tin foil hats and chinese whispers. read the regulations about FIAT and realise they can only control the FIAT. so get regulated if you are touching FIAT.
just those innovative teentrepreneurs (teenage amateur entrepreneurs)wanting to exchange fiat for other currencies GET REGULATED.
Sure, just provide the money necessary for the paper-shuffling beaurocracy, time wasted (because time = money) and to cover the alternative cost of having less clients. well this is where people have to get their head out of the sand and stop thinking mining is the only way to make money. average joe with fiat in his hand does not make money by minting coins or mining gold, printing bank notes. he works for companies that give him fiat. so if you work. get your boss to accept bitcoin for the services they offer and you will happily accept that received bitcoin as your wage. if everyone done this, it would change everything |
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