memorydealers and bitinstant, you are doing us proud

When its live, ill use u. I have been searching high and low for a UK based bitcoin provider. One idea might be to use ur profits to buy some mining equipment to produce ur own coins to add to ur income potential.

give a guy your bitcoins for months on end in a promise for interest in return. hmmm trendon shavers comes to mind.

the only reason i use banks are for my wages to be paid. if i was to be paid cash in hand or in bitcoins i would have no need for a bank,

This idea is flawed on the principles of standard banking, but more likely work if advertised as a investment opportunity. unless i can put my real world wages into the account to bypass standard banking. i do not consider this idea to be a 'bank' at all.. just an investment account.

I know in many countries a business needs to meet strict criteria to be classed as a 'bank' even the great richard branson of the 'virgin media' corporation has had issues with the legality of becoming a bank. and he is a billionaire.

i advice people remain cautious

i too have had many people who have received this 'warning' they were young and old male and female.

its a facebook advert that prompts stuff like.
"someone has a crush on you click here to see who"
"new message click here"
"someone wants to share a photo"

u get the jist..
i seen it myself as one person gets it soo often they actually deemed me the culprit. so i went to their house and asked them to do their normal activities. sure enough they were drawn to the facebook advert.

many people in england now know it to be from facebook redirecting them off of facebook to stealth download of the fake warning.

it use to come up as a fake antivirus, but now its an FBI thing.

so not really linked to porn, as i myself once thought.

its up to you to inform your regular customer why they keep getting it and to stick to the standard facebook message, photos and friend buttons. or continue milking them dry, as i done as the moron deserved it

i too think the weakest part of the computer system is not the firewall.. but the user.

bitium makes it sound like it belongs on the periodic table of elements. which it never would. there are many commodities that dont have an ium at the end.. and the same goes for currencies too.. so why bother..

gold and silver are not 'iums' so theres no point making bitcoin an ium.. i personally think iums should be reserverd for items on the periodic table. so if silver and gold, which are on the periodic table have not had to be reverted to silverium or goldium, then i cannot see any point in why one person should fight to get bitcoin replaced to bitium.. its false advertising..

bitcoins are/wll be a commodity and currency, not an periodic table element.

great stuff, especially the sourcecode. thanks muchly

i read the title of this thread and thought about knocking my head against a brick wall wondering why anyone would use interlectual property laws when they never invented the blockchain or the white paper concept of bitcoin.

unless you personally thought up and invented the blockchain/private key we today call bitcoin.. its not your intellectual property. you just have a free licence to use it.

ok now thats covered the legalities in simple terms. lets get to the use of bitcoin technology and how we can protect what we have.

you cannot claim intellectual property privileges/rights of bitcoin as its not your intellect.. your brain fart didnt make bitcoin (as a whole) exist. The bitcoin technology belongs to the guys that made the white paper about the bitcoin concept and they have allowed free user licence along the same terms of open source linux

however you can claim ownership of assets manufactured from someone elses intellectual property.

EG satoshi owns a gold mine(bitcoin code) and allows anyone in the world to mine on his land(blockchain).. and they can keep what they find. (hope u understand the analogy). You dont own the land. But you do own the gold you get and you have a licence to access the land.

your private key is your licence and just like your driving licence, it's an identification to give you access to the land, an identification to go to the bank to cash in or out your gold.

your private key is not deemed as your intellectual property, your private key is your 'identity' and your coins are your asset.

so if looking for legal protection, identity theft and asset/property theft are what you should be looking into.. not intellectual property but standard property..

if i was to for instance, guess your password to your FIAT online bank account and empty your savings. you would not be trying to get me arrested for intellectual property theft. it would be identity theft and theft of assets.

same goes for hacking your forum username and requesting coins from strangers on here to scam them.. you wont try getting me arrested for intellectual property theft because you own your username. you would get me arrested for identity theft and fraud.

same goes for cloning your driving licence and walking into your bank asking(in your name) to empty out the gold in your safety deposit box.

yes you have in your wallet your driving licence and you deem it as yours.. but its not your INTELLECTUAL property.. it belongs to the DMV in the US or the DVLA in the UK. that ID card is not INTELLECTUALLY yours, but it is your property in terms of goods/products/property/bricks and mortar.

so drop the topic about intellectual property, as its meaningless as a legal bitcoin protection. (unless your satoshi)

i haven't read most of the replies, but staying on topic of the OP's post.

your leather wallet you have in your pocket. it has no laws governing how you spend your cash.. the same applies to bitcoin clients.

AML laws would only affect bitinstant and other FIAT to bitcoin businesses.. as they are the start and end points of the money train between the controlled fiat and the uncontrolled bitcoin. so you will see alot of laws being directed at the gates into and out of bitcoin.

just watch out for someone to just grab the ipad and leg it, to then raid the wallet once they got it home. then selling the ipad on bitmit for further funds lol

sorry for a stereotype i might next say, but in countries like russia. vodka has a value to use as trade between individuals, it has done for years. if you wanted your car fixed, you could go to a garage and give the mechanic a bottle of vodka to cover his labor and it would work.

that being said russian government still have not lost control of their FIAT holding, even when vodka is deemed more valuable and useful then fiat.

i do not think fiat will disappear, just that a new government will be voted in with new laws and new promises, they may even reprint a new banknote worded differently. but the government will not just give up.

the thing to think about is trying to fight government to drop their control of FIAT is flawed and futile. its basically their intellectual property licenced for public use. we do not own FIAT we are just allowed to use it.

what we can do though is highlight that FIAT is not the only choice. many people do not know better and think that FIAT is the only way to trade for goods and services. so instead of trying to fight control of FIAT from our armchair army. we need to make bitcoin as consumer friendly, reliable and robust far beyond what FIAT is. So that it can compete WITH fiat, and not against.

we need to get to a point where if employers wanted to pay their staff in satoshi's, they can. but the struggle is not government power that is to blame, its real world opinions of what bitcoin is used for that needs to change. that is the true first hurdle.

the government blame is at the 3rd or 4th hurdle. so lets not let the government be an excuse to not get bitcoin some positive notoriety.

we want a professional currency that stand up against FIAT and exceeds it in every way imaginable. so help get bitcoin to have a more positive image, for merchants and consumers. dont worry about government control just yet.

and if you are going to go on any news reports or make some real world press highlighting bitcoin. DO NOT use max keisers PR guy.. Max Keiser is currently losing his reputation with his sheep noises sounding like a loonytoon on a international news station. that is not what we want.

that being said, i personally hold the opinion that anonymous illecit traders out number the legitimate traders so getting bitcoins bad press swept under the rug is a big first hurdle. instead im considering litecoin as viable option. so far it is clean and has no bad press.

ok so i put some numbers together..
based on the american national minimum wage, working 40 hours gives an income of $290 a week.
so i see this as a fair minimum weekly income.
i have used this to calculate using the FIAT commodity prices to show what the price would be if it equated to 'labor time'.



so imagine you quit your real life job, and your only income was from bitcoin mining. you would still want to know that the percentage of time you put in eachweek in your old job, still roughly gets you the same products and lifestyle you get purely on bitcoin.

for example GOLD works out as just over 6 weeks worth of income for a guy on minimum wage to buy a troy ounce, and silver works out as just 4.64 hours (roughly) to buy a troy ounce.

now the next step is to figure out the 'international' average income of bitcoins. but for now whether you own a rig-farm or just a couple GPU's, ask yourself this question.

how many coins do you get rewarded in a week. divide that number by 100. then multiply it by the numbers in the column %weekly income. so you can work out how many bitcoins it would cost in a non FIAT world to get these commodities. im still working on a website so you just put in your weekly bitcoin reward and it converts it into commodity prices.

so lets make it simple, u solo mine and u only solve 2 blocks a week giving you 100BTC.

well it would cost you just over 11 BTC for a silver ounce and 606 BTC for a gold ounce.

i would never use the term:
i will sell my dollars for an alpaca pair of socks.. due to dollars not having physical value like gold does..

i would however say i will sell you my gold for the alpaca socks. so i think by using the term use bitcoin instead of the word 'selling' as the OP suggests.. goes against the idea of bitcoin.

which is, having something of actual value for trading for goods and services. plus by classing it as a item of value.. you can treat it as an assett instead of a different kind of cash. meaning tax laws are different.

i will treat bitcoin like a lump of gold. something i own, that i can sell for other items.. and its a asset not an income, when it comes to tax purposes

actually a great explanation.

 there i said it.

 Inaba(wearing his work name badge) has actually made a great and proper statement

i personally have a large hoard in paper form printed to look like a bearer bond with instructions on the back how to redeem it. safe in a box stored away along with a CD containing the programs i hand crafted ready for the redeemer, in my demise to inherit the world... or i spend it one day   . i only hold smaller amounts on my personal wallet, so human memory is not an issue for me.

if your going to forgo some security for convenience.. then DO NOT forgo this security:

downloading ready compiled end user bitcoin programs....

the best security is knowing what goes on your computer in the first place.

i personally grabbed the sourcecode for the bitcoinD daemon, read through it then compiled it myself, i then made a simple VB.net program that API calls the daemon with commands i wanted.

i have it on a 16gb memory stick and life is good.

the chances of you getting a bitcoin trojan randomly browsing google for real life stuff is low. but the chances of you getting one downloading ready compiled end user programs from people in the bitcoin community is higher.

so do not get anything ready compiled from within the community. even if they show you sourcecode separately to say their ready to rock compiled executeable is ok... dont do it. compile it yourself.

seeing something large, ready built is tempting.. so was the trojan horse.

this is where i think the world market would suffer with adopting bitcoin. too many naive consumers who dont know how to compile, wanting ready to rock solutions and trusting in a community of hackers, script kiddies and anonymous users they have never met.

maybe she heard about cam4 credits and other camera whore money making stuff online

and when u said online currency she thought u were calling her a whore by asking her is she had any. not knowing bitcoin isnt 'one of those' credits

but then again going up to a girl and asking them if they have any money (in any form) isnt a good conversation starter

you'll never get a girl using bitcoin as a topic, its kinda third date territory at the minimum. plus girls are only interested in what is in your pants. EG keys to hotel room, wallet, and the obvious.

leave bitcoin out of conversation next time.
if u want to show off how rich you are just keep it simple "i have thousands in a offshore account"

i already thought of rebranding bitcoin.. but it still wont stop hackers, frauds and illegal drugs/ fake Id transactions from tainting the views of the normal world of business and consumers when seeing bitcoin.

u can rename a spade a shovel.. but its still gonna look dirty if u use it..

thus a different crypto would be the only solution to a full rebrand for mass adoption.

silk road is good?

if u just want bitcoin to stay anonymous for illegal purchases then the only solution is to forget about getting bitcoin to the mass market. but use a different crypto for legitimate transactions/businesses

i think litecoin would be the solution to a non government controlled digital currency for world wide legitimate businesses. as illegal activities is too ripe with bitcoin.

nice 'plug' advertising ur concepts for dongle devices which u probably are gonna be the designers of.. so good on you for ur free adverts. but that sidesteps the topic at hand.

go speak to some businesses and ask them what they would do/need/want to accept bitcoin. no point talking to the already bitcoin adopted crowd of 50k regular users and ignore the voices of the 7 billion un-initiated.

the issues i see are this
1) bad rep bitcoin has due to hacking
2) bad rep due to silk road
3) bitcoin current users dont want transparancy of trades as it goes against the anonymity they 'deem' to think is their right with bitcoin.


now i said it before but the best way to get crypto currency mainstreamed is to get bitcoin green.. and there too much head banging going on between anonymous users and reputable users..

so the solution.. get another crypto to be the mainstream real world merchant currency so that bitcoin can be cash to for instance litecoins credit card.

bitcoin technology coding is easily transferable to litecoin. so it is effortless to implement hotwallet and cold wallet stuff. lite coin has no bad rep. so lets use litecoin to be the creditcard digital currency real world merchants use which would get more traction for bitcoin without the anonymous users throwing their hands up in disapproval of change to bitcoin.

bitcoin has too much of a bad rep, too much of the current community wanting it to stay anonymous, and too many not wanting to lose its silk road ties so they can carry on buying drugs. all reducing trust when it comes to legitimate real world adoption.

i think maybe litecoin should be adopted as the mass market currency, as the stepping stone to bitcoin. its already available via some exchanges,  does not have the illegal stigma of silkroad or other bad press stuff. so maybe thats the way forward. litecoin for merchants and bitcoin for the anonymous..

and its a close second to bitcoin in the crypto currencies.

every bitcoin technology is compatible with litecoin and litecoin is so new that it does not have the bad rep. so lets treat litecoin as the new real world merchant version of crypto.

to instantly gain trust, reduce fraud and raise traceability, all the client needs to do is have a registered username which all addresses in the wallet are linked to. so the block chain can see whoo is doing what.

this will reduce fraud considerably. and gain trust. (not perfect but its a start)

any other idea's to make litecoin trustworthy for merchants.. as i feel bitcoin has its niche market and wants to stick with it. and wont be dragged out of the dark easily