I am not clear about the legal status of BTC in Iceland. I have read: "it is prohibited to engage in foreign exchange trading with the electronic currency bitcoin, according to the Icelandic Foreign Exchange Act". But does that mean I can't buy something with it?
Whenever I visit a new country I like to spend BTC as much as possible. I would like to continue that in Iceland, but is it even legal?

Thanks!

Anyone who would download this fucking crazy. A sketchy link from an unknown user to a screensaver no less. Give me a break. 

If the OP has really given us this treat for the love of bitcoin then he should direct us to the source code and we can compile it ourselves.

I think you sir are correct. The CIA and the NSA do not give a shit about bitcoin. They will study it so that when they catch someone funding a terror group with it they know something. But outside of that bitcoin has no relation to what they do. The IRS however has a huge interest in bitcoin. The only national laws that matters right now have to do with capitol gains. I would guess the IRS is looking into software to find out who is evading their tax liability.
At some point they may launch a campaign to get that money, plus fines. It won't effect people who are paying now, but could get ugly for anyone who has not. or they may do nothing. As an example look at internet purchases. When you buy something online you are supposed to keep track of it and pay taxes at the end of the year. Almost no one does that and it has gone on for years now with no legal action. It would now be impossible to go back through all the data and assess fines.

Can you guys pass me your joint? It must be epic weed your smoking.

Here is a neat data center. It's wave powered and cooled by the cold seawater. 

That's interesting. Not to get your thread off track but this sure is a needed upgrade. My understanding is that the hold up has been at the point of sale. Every retailer will need new machines to read the chip cards and that may take a long time. The last time I tried using my card in Europe the kid behind the counter was like "WTF is this?" lol. He thought it was some kind of gift card and had no way to read it.

I keep them locked in a bank vault and only bring them out to trade for merchandise. Hey, I guess your right!? That is just how I treat my bitcoins also. 

Damn, your the man. I've never gotten anything that good for $10. Well, except sub dollar bitcoins. Care to sell me that bike and double your money? 

Yeah, I always get a better deal buying with bitcoin. Some places offer up to 20% off buying with it. It's true that if you "cash out" your btc for fiat you will lose some money. But that's your choice to waste your money selling it at a loss. If you spend it you have no loss.
And frankly, I would pay extra for the iron security of bitcoin. That has a lot of value to me. I no longer use credit cards online, only bitcoin.

I would recommend not going into mining unless you have a lot of capitol, expertise, and antacid. With mining you will be competing with some very smart and large operations. Even with all that investment you are still taking a large risk as the future of BTC is unknowable.

If you just buy some bitcoin and hold them for an appreciation in value you still face the risks associated with price decline, but have far less investment in useless capitol. After all you can always get something back selling BTC but very little selling used mining equipment.  

Lastly I would forget about "selling" bitcoin and focus on spending them. A lot of people lose money everyday because they forget that when you have bitcoin you already have money. They take a loss buying and then another selling them back. Why? You could just use them to buy the things you are going to buy anyway. Almost anything is now available for sale in BTC and transactions in BTC are safer, faster, and cheaper than other methods.

Cheers,
RDX

Here's away for you to provide some evidence:
Make a new post with a time stamp earlier than the one above. 

The answer is YES. You should never leave coins at an exchange. Withdraw within a few min. of any purchase and move your coins to an address that you have sole control of. 

OMG, Its' worse than that.

Criminals are also using U.S. dollars! I'm not kidding!!
Time to ban all money and move to an I.O.U. system of economics.  

There are a number of key differences. I'm on my third debit card due to data breaches. That is because American credit cards are a joke. My Euro-friends may be shocked to hear that we still use the magnetic stripe cards that contain all the data needed to steal from you in an unencrypted form. Additionally all this data is sent to , well I have no idea who all get's this info. The seller, the payment processor, the weirdo who works behind the counter, the thief who steals the database, the Chinese forgery gang who bought the database, and??  It's just not a safe way to move money.

Next comes utility. Bitcoins are far far more versatile and useful than cash or cards. I can send money to anyone with bitcoin. It does not matter if their nation is part of the credit card networks or what currency they use. It does not matter what the exchange rate is. All these are major factors in the price of sending money or even if it is possible. All transactions are possible with btc.

Lastly, expense. If I wanted to send $25 to a mate in the UK It would likely cost me more than the amount I am trying to send. With bitcoin it would cost a few pennies no matter if I'm sending $10k or $0.25. I can send it from here or send it while at a shop in London. Best of all it starts confirming in minuets. It can take weeks of back and forth to send fiat abroad.

I really don't know why people still use medieval card technology where they could use btc.

Perhaps as a new user you are unaware of the risks of PayPal. I highly doubt anyone will accept your offer as it comes with HUGE security risks. Normally a paypal/bitcoin transaction goes like this.

1. Buyer sends PayPal money.
2. Seller sends bitcoin.
3. Buyer charges back the PayPal money and is never heard from again.

OR

1. Buyer sends PayPal money
2. Seller is never heard from again.

If you really want bitcoin then you should just create an account at an exchange in your country. Then fund the account and star buying.

What evidence? Again, I haven't a clue what is being argued.You should write up your findings, prove your conclusions, then let other scientists run there own experiments to prove or disprove your theory.

I see nothing wrong with the price. $220 seems like a logical price based on utility. The high valuations we saw last year were unjustified and the result of wild speculation. Of course it's just my opinion, but rallies and crashes are not someone doing something to you. It's just supply and demand.

I'm still waiting for someone to direct me to the peer reviewed scientific journal where this is published. If it is not, then it is simply not science. Scientific research is not conducted by basement dwellers at some public forums.

If there were actual science involved it would be published, reviewed the world over, the experiments would be recreated and tested, experts in their fields would try additional experiments. And no, the guy at Bible camp is not an expert in science. Indeed he must reject science to keep the whole house of cards from falling. 

I think the world is done with treating the DPRK like a real country. They aren't going to do anything. 

Solved!!!:
I have invented a workaround for this vexing problem. Using a new thing I invented, I call it a mathematical operand, I am able to "divide" bitcoin into smaller units. Ladies and gentelmen, behold the divider!