confirmed the link www.mtgox.com/login works

go to coinlab.com.. its official

http://coinlab.com/status

i have already gave back a bit of feedback to bitcoin ATM as a possible extra layer/service to make the system even more stream lined. ill update this post if i get a reply.

EG
they only require 1 confirm for cashing out - but imagine a busy shopping day where there is a queue. you use the machine once to put your coins in. then linger around the machine/form a second queue for when the confirmation occurs to the redeem your cash.

my idea - to have an app/website portal to pre-deposit the coins while in the carpark/ home/work. and then receive the redemption code before you even reach the ATM. so all you have to do is use it once, to type in the redemption code and get your fiat.

the price is not done by how much is deposited or withdrawn. the price comes from the order book.. (in laymans: the lists of buys and sell)

i know of people that have alot of BALANCE but dont always have orders set. so their balance has no bearing on the price.

what you will find is the sheep on btc-e are following MTGOX valuations. when mtgox jumps up they follow, when it falls they follow.

same as the LTC/USD if you compare the 2 graphs of BTC/USD to LTC/USD they are near on exactly the same.

its the orders that set th value and there a lot of large players that throw in large orders or eat up a certain number of orders to make BTC-e prices follow mtgox prices.

everyone is thinking the end is near due to the price being nearer the $100 mark compared to the $240 mark..

the way i see it...
Feb 2013 low of $20
March 2013 low of $33
April 2013 low of $50
May 2013 low of $91


dont worry about the highs, they will be ramped by many speculations the proaganda machines can think up next.

as long as the lows don't drop too much and creep up in value each month then bitcoin is still growing. ignore the daily amounts if your thinking about long term investments. the daily amounts are for day trading profiteers.

for long term value, use the monthly low figures to see what is happening

meanwhile Mr Miagi teaches Daniel son about bitcoin

"no no no Daniel son bitcoin like painting fence, it go UPP, DOWWWN UP, DOWNNN"

slowly increasing in value (painted panels) as time moves on

the only time the IRS/HMRC will tax you is when you convert it back to FIAT.

if anyone else thinks differently that they want 20% of your virtual currency. then most people would be more afraid of spending their world of warcraft gold, or their facebook credits on game items.. after all arnt they also using a virtual currency to barter...

so in short dont worry about losing 20% of bitcoins every time you send them to a friend through the bitcoin clients.. just worry when you want to cash out to fiat. which is not anything new. but the IRS/HMRC just want to make a big deal of it to those that don't know the regulations that have already been in place for years

obviously the OP is giving up, oh well. more coins to go around for new adopters, no loss there then.

in other news the euro has been around for over a decade and still even now people dont trust it. theres been bank robberies, shutting down of banks, and all the other blah the OP mentions.

in other news the UK Pound has been around for a few hundred years and still even now people dont trust it. blah blah, ill save repeating the same story as the OP spouts about bitcoin.

in other news the dollar, yen, blah blah. you can guess what im saying here..


now the only difference being is that bitcoin is not a government owned product which is then licensed for people to have in their possession. bitcoin is actually your asset, your property. they cant just go into your bank and reduce the decimals to zero.

as for the 4 year itch. back in the days of the wild west it took much longer then 4 years for the dollar to expand beyond local bartering and become an internationally recognised and traded product.

yet people in the UK already buy american, european products and services with it. and vice versa

so ignore the propaganda that bitcoin is failing. thats just fake hype someone wants people to think to cause a drop in the price purely so they can buy in cheap.

or there is this list
http://bitcoingamelist.com/

the same person that posted that story: http://ireport.cnn.com/people/BitCoinSachs also posted the rumour of bitcoin becoming the national currency of zimbabwe.

long story short. create fud, see how far it spreads, hope for impact in bitcoin price.

quick lesson for the OP

money regulators regulate money.

money is a type of currency owned by governments.

virtual currency is not money. its another type of currency

money is the laymans term for FIAT

money regulators only care about money (FIAT) so don't worry about them trying to control bitcoin. they only want to control money (FIAT).

if the government cared about other types of currency then they would have ensured that they stopped the sexual favours and cigarettes trading that happens in prisons. which is alot easier to manage and control in comparison to bitcoin

so if you don't want money regulators involved with bitcoin then you don't want to ever turn your bitcoin into fiat

yep talking about the world economy "we" not a secret tribe of hackers and coders he worked with to create bitcoin

any place where multiple voices come together and try having an opinion will always have others that object. so instead of having closed communities, or voting systems that have a tiered approach of 1, is the topic even worthy of voting for 2. then voting for it. i find it alot better to just provide all the advice and assistance there is without limits and allow individuals/groups to then grab whats important to them, what bit would help them out most and then they use it within their region/ group or project.

so if i was to say lets make a mega list of businesses that accept bitcoin. id hope a few people (no master controlling powers involved) got together and made a full business listing.

so if i was to say lets make a mega list anyone thats not afraid of getting on camera that wants to be a media contact. id hope a few people (no master controlling powers involved) got together and made a full business listing.

easiest way to do it is to have a subforum here called the 'community suggestions' where the replies will be the solutions to the topic requests

most of the WORLD has been mined, Eg geographically there is not one country that has not been searching for gold. never said most of the gold.

but the point is even in the gold mining industry there are a few gold haters saying there is not much left and hating the fact that they have to use excavators to get at it instead of a bucket and spade like in the days of the wild west/victorian era. or earlier

hmm what do i have to say about http://thebitcoincard.co.uk/

the graphics on the actual website seem like teenagers attempt at photoshop. and not a template that a card issuer would accept.

their website itself seems amatuerish. not really feeling a vibe that the people behind it have thousands of pounds to credit the funds after acceptng your coin.

their webpage is not even secure . (no https)

no terms and conditions (which is a requirement card issuers have)

their whois details are of a french guy, french address but having a .co.uk website

ill now look into what trademarks they own and other such things..

i smell fish, and it aint the breath of a frenchmen.. well maybe it is

on their contacts page:
TheBitcoinCompany Ltd.

Contact

124 BAKER STREET, WESTMINSTER
LONDON
W1U 6TY
UNITED KINGDOM

thebitcoincompany ltd is not listed on companies house.

the business is not listed in that address.

the website was created only 3 weeks ago..

this fish is starting to smell rotten

its not actually bitcoin TRADING. as from what i can see using the plus500 forex platform you cant deposit bitcoin or withdraw it.

to me thats not trading.. thats placing bets against the mtgox value on a non mtgox betting site.. to put it into the most simple laymans terms.

so people using plus500 are not actually playing with bitcoin they are just using that funny money known as FIAT to gamble what will happen to mtgox prices

ill stick to the mtgox/btc-e.. i know they are nt the most secure when it comes to DDOS and hacks but atleast i know that when i press buy bitcoin button on them.. there is actually a bitcoin there to withdraw.

why doesnt someone that wants to operate vending machine have a small service where people put in pocket amount of funds in per day while taking a shower in the morning EG 0.1BTC which get pre confirmed into the service. then the funds are ready to use throughout the day

and the balance is deducted when they scan qr codes from the vending machine.

then they can expand this pocket money service to also cater to a payment gateway for starbucks, 7-11 etc..

i wouldnt call it a bank i would call it more like a prepaid service. much like how people use oyster cards in london to pay for train tickets and other things.

yep. bitcoin qt /bitcoind has RPC api calls commands. the command

verifymessage    <bitcoinaddress> <signature> <message>

will verify the message came from that bitcoin address

https://en.bitcoin.it/wiki/API_reference_(JSON-RPC)

that link should help you get started

its not a scam. your just not the first one to have mined it. i wouldnt say your too late, im just saying your mad for not being in earlier

in 7 years time some noob will come along and say "hang on in 2009-2020 there were millions of people mining bitcoin, theres only 3 million coins left - its been premined"

same as all the gold miners in 2013 are shouting most of the world has been premined. its not the previous miners fault or the egyptian/native americans fault for being the first to find value in gold. its only the complainers fault for not being there in the early days.

so stop complaining and make one simple decision.

join the new economy known as bitcoin or stick with fiat and keep blaming others.

i think those that want answer about a satoshi pre mine are just mad they themselves were not around when bitcoins were less then a dollar, and are trying to vent their frustration some how. justifying that its not their fault for learning a couple years later but that satoshi got there first.

and for the fact that satoshi actually having the good idea known as bitcoin i personally think he deserves to be one of the wealthy elite because of it.

for everyone else that doesnt like being late to the party. there are other alt-coins.