the capital B with a vertical line is very very close to the thailand baht symbol, which could bring on problems later.

having a nice little nest egg before bitcoins came into my life here is what i actually done

50% bitcoin
40% secure my housing/lifestyle
10% FIAT for those surprise emergencies that always come up

everyone here is talking about fincen regulating bitcoin..

and here was me thinking bitcoin was free from national governments. i myself dont do drugs and hate the fact that bitcoin WAS (pre2012) propagandised as the drug dealers currency. but i far prefer the drug taint to be diluted down through natural mainstreaming efforts of adding new legit businesses to the mix. and NOT through regulating bitcoin, which would involve seizing coins/taxing coins which in the end would result in government ownership.

imagine the government taking 20% of your coins per year.. add on the coins seized through crimes, aswell as non crime related coins found in the same wallet address as crime tainted coins, within 5 years they own the majority stake. 

hundreds of years ago a group of people volunteered that they needed a leader to control the masses and volunteered that some basic rules and laws should be in place to keep the peace.. now look how this volunteered group we call government own our FIAT  spending arses!

oh well if bitcoin does become regulated by the bitcoin foundation.. there is always litecoin

bitcoincard linked to a french guy, using a UK domain...

with the price conversion on the website as dollars.

hmmmm... amateur.. he aint gonna see any of my coins. nothing seems legit.

words are only insulting if used in an insulting way..

like the N(nigerian) word.

which inside the culteral circle translates loosely to the term Bro.

but if person not from the same neighbourhood/culture used it. they are obviously not close enough to refer to each other as bro. then using the N word would be considered a insult.

so wear the nerd badge with honour if your skills from being a nerd make you wealthy. but do take an offence if called a basement dwelling nerd with no hope of success

over 20 posts of mis-understandings and waffle..

so lets put it into laymans terms for like the 5th thread of misunderstandings.

bitcoin itself is not regulatable.

FIAT is.

fiat is the bank notes and coins with the trademarked symbols of the government EG $ and £. the regulations call these REAL Currencies.

the SUBSTITUTE / CONVERTIBLE currencies are those that are easily recognised and convertable into bank notes and coins because their balance amount equals the same as a bank note

EG 10$ on a digital database can be easily converted into a $10 bank note
EG 46 bunny coins CANNOT be easily recognised and converted into a $10 bank note

those online penny per click websites and services offering digital balances that are recognisable have to be regulated. so advertising firms, with dollar/pound balances need regulation.

those websites and services offering credits, chips, coins where the numeric balance value does not instantly relate to a FIAT value do not need regulation.

so in short bitcoinQT, electrum, cgminer,etc does not need regulation, world of warcraft, does not need regulation, and so on.

FIAT gateways that handle FIAT or the digital form of FIAT DO need regulation.

so this is why amazon is trying amazon coins. so that it only has one 'office' that converts fiat to amazon coins (i beleive it to be in ireland due to cheap licences) and the rest of the planet it just moves amazon coins around. thus not requiring licences for every country on the planet.

the trick is this.

show a balance of 10.00 (even without trademarked government symbols) which can be redeemed for $10. you need regulations

show a balance of 0.078125($10 of bitcoin) which requires calculations to calculate a fiat value, you dont need regulations. UNLESS your service also touches FIAT

there are many ladies in finance and computing industries. but they know from experience most of these nerd conventions end up as being a bunch of guys hounding them and trying to act smart, thinking they can get into the girls pants because she has similar interests.

most women don't want to be hounded at such events, they go there for the professional reasons of learning the economy. most guys though at first go there for the same reason, but due to the fact that most nerds are single.. it soon changes to a mood of chasing girls.

i have been to such conferences and seen times where one girl had like 7 guys circled around her. atfirst i thought she was a Rep of a business. but after listening in for just 20 seconds i soon learnt the conversations were more 'speed date' conversations... poor lass, one sight of cleavage and BTC transforms to the immature cavemen drawing of boobs and no longer bitcoin

technically everything has a price.

buying up MTGOX gets the buyer the trademark bitcoin
buying up the bitcoin foundation gets the buyer the main client program
buying up electrum gets the buyer the second main client program
buying up blockchain.info gets the buyer the main hot wallet API caller(third main client service)

yes i know there are freedoms for people to then re-invent new clients that ignore any new rules a new buyer of the above brings to the system and we then just let them play with their little fork and this new re-invention by the masses uses the original rules fork, but communicating the changes and getting everything moved across would cause some disruption which could then be used to manipulate the markets on the mass fork.

and yes i know that within an hour-week the manipulation may settle down. but who knows, the manipulation may have been enough to gather a large quantity of bitcoin.

not impossible for world governments to combine their efforts to achieve this.. just impractical and unnessessary, after all if they did get a full victory.. there is always litecoin

proof you don't have a clue about fundamentals required, or gone deeper into research apart from page one google searches of final designs for buildings. its good you show final design eco houses but you have no clue about land permits, laws, utility company, sewerage requirements of a town.

this is not a troll, you just hate seeing everyone see through your lack of credibility and think ignoring people and starting a new thread will somehow make people believe you more.

200 scientists this time concentrating on Neurogenesis and Synaptogenesis research. last time it was 200 creative people like entrepreneurs, writers, artists, programmers.

still ignoring the fundamentals of requiring shop workers, chef's for your restaurant.. oops i mean fast food establishment... oops i mean cyber cafe..

repairmen, electricians, plumbers, carpenters, construction workers, police, lawyers, judges, teachers.

oh and if 200 are now scientists instead of creative people.. that is still the personality type not desiring manual labour. so don't pull the wool over peoples eyes that the 200 people will do it all themselves. as they have their own scientific interests that come first.

stop brain farting wet dreams. and stand away from the computer for just one day. and construct your idea's from behind the scenes of the fundamentals.. and stop spouting out the glittering neon signs of the final design.

many have told you about freestate project before yet you ignore it.


now the utopian dream of last week of a free town is now just another town like all the rest

ripple is not a alt-coin.. ripple is an exchange, so technically would be in the services section

XRP is not a crypto coin, it has no minable blockchain, much like amazon coin, postal stamps, facebook credits


+100

if only more of us realised the main use of ripple is to move bitcoins, litecoins, fiat between people. and the fee for this task is a postage stamp known as XRP.

crushing fiat transmitters that claim to be legit and trustworthy with our FIAT. then later found out they are not legit fiat transmitters.

its all about fiat..... meanwhile bitcoin remains unaffected.

if you think that bitcoin has been affected then you do not know bitcoin. please learn the non-exchange methods of obtaining bitcoin. the true, original way it was supposed to be dispursed.
hint peer-to-peer (localbitcoin / irc-otc) style

dumb is a harsh word...

i would say this is s newbie/rookie mistake. to learn from.

that is all.

nothing more will come from it by thinking you have a bats hell of a chance of getting any return, so move forward and realise  the pains of selling on ebay using fiat are hurting many merchants. let alone bitcoin traders just using paypal as a payment processer. then you will see the benefits of bitcoin that things such as bitcoin chargebacks dont exist,are just one of the reasons to love bitcoin even more.

value is as you say and the value to a miner has to be above its COST or is not any beneficial value to them to mine any more. hense the LOW price is the beneficial value to miners to keep producing.. same story goes with farming too, there is a cut off point where farmers will give up making and selling their harvests. and thats the intrinsic value of the food you eat.

not the retail price you see at walmart!!

this is where market makers and profiteers have warped peoples minds to make you believe their inflated prices are of value.
where you see retail shops offering food items £$1 more expensive then their competitor but if they put a "value price" sticker on the price tag, the sheeple think its automatically the best price they will find as its not worth the retailer selling it if it was any cheaper.

plus i never said the price will never go below $110 what i SUGGESTING is that if it goes below the mining cos profitability then that is the point to start asking questions about bubbles bursting or whats the big news story that could cause this. anything above mining cost/value/profitability line. is based on mark makers playing with the price. which you should all calm down about and not 'worry' about the swings, just use them to your advantage to gain profit from if day trading

speculation price/market price changed.

intrinsic value has not.

check out my chart. u will see each month the low (intrinsic value). now draw a line to June and that will put a estimated intrinsic value of about $110.

meaning the point where no one is dumb enough to sell below..

so expect price swings ABOVE $110 but if it goes below $110.. then that is where you should be asking what the big problem is.

anything else is just speculation based on supply and demand

Definition of 'Intrinsic Value'
1. The actual value of a company or an asset based on an underlying perception of its true value including all aspects of the business, in terms of both tangible and intangible factors. This value may or may not be the same as the current market value.

golds true value comes from its costs. its then the markets that play around with the price due to how useful it is... hint supply and demand.

EG.
gold miners would mine it. and sell it to markets. they would NEVER sell it at a loss of how much it cost to dig it up. so thats its actual intrinsic value.

the markets will THEN see there is lots of demand so the markets will see an opportunity to raise the price because of demand (usefulness). this is not true value... that's market value

EG. a business may have a billion dollar idea.. thats its market value. but currently the actual assets of the business are only worth 10million. thats its intrinsic value

bitcoin miners asset are its gpu's, electricity and time taken. calculate that together to get its intrinsic value. once sold the markets can play around with the price due to demand.

looking at a bank note from a real working human beings perspective. i personally dont see a bank note as being x grams of gold, or y worth of government debt. or even z worth of computer parts or bread i can buy.

i see it as the A amount of minutes/hours i had to work to get it in my salary plus the quality of that time based on my expertise/skills.

so for me the best guess for the lowest intrinsic value of a bank note is mimimum wage..

look at gold. the miners dont just throw a random number out, they look at the price of the excavators, the deisel used, the costs of digging on the land and the time taken to then get gold.

they set this as their minimal value of selling it to traders. ofcourse they will try for more.. but for the lowest value point the  is basically the labour costs of digging gold.

no one, unless insane or having no other choice would happily sell at a loss compared to creation costs.

the same with bitcoin, there is speculation (bitcoin high price) but if you look at the low price and put some thought behind it, no sane person would sell bitcoin cheaper then the electrical/time costs of making that coin. making mining costs the intrinsic value, much like minimum wage is for bank notes

so don't worry about bitcoin high prices as they are pure speculation. use the low price as your bases of value. bitcoin bubble of 2013 never burst as the true value has been on a constant rise

clever boy.. now you see my point of my first post.. the money in your pocket is not yours. it belongs to the government. your just "entitled" to hold it. and using if for a crime loses you that entitlement.

now go back to my second post and read UNLIKE music.. and now you will see its not a comparison of 2 things owned by you, but a clarification on the differences.

this may shed a little light to answer a bit of your questions

https://mtgox.com/pdf/20130528_okpay_statement.pdf

read this

keyword entitles..

if you break the law your no longer entitled to the money. the government own the money and they choose who is entitled to it.

you can also tell its government property because of counterfeiting laws.

unlike music. if you make a song, you can produce as many copies as you like and you get to say and be incontrol of who else can make copies or if you even allow them to make copies.. because its your property..

money is not your property.. you are just an entitled bearer(holder) of it. do something illegal, and you will lose your entitlements.

maybe my last post should have used the word entitlement as oppose to licence to use

+1 voted