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821  Bitcoin / Bitcoin Discussion / Re: Why arnt we seeing more bitcoin ATM popping up? on: May 11, 2016, 08:20:49 PM
I looked into buying a some of these here in the U.S. and found a problem I could not get around. The problem of becoming a money transmitter. The bank laws were sewn up long ago to keep the "little man" out of the banking profits. They did this by requiring a special license for each state and those can cost as much as $25 million USD  Shocked ! Even if I bought a lot of them I would likely never be profitable. 
822  Bitcoin / Bitcoin Discussion / Re: Do you have 100+ BTC ? - How do you plan to cashout ? on: May 11, 2016, 08:08:51 PM
Cash out? for what, shitty fiat cash?
I have never sold a bitcoin and plan on spending mine throughout the rest of my life. I may leave some in my will, but cashing out is a dumb financial decision IMO. I paid fees in fiat to get my btc and it makes little sense to pay again for the same money I wanted to get rid of.
Well, at some point you might feel like you want to cash out some of it. I don't know how many you are, but it's possible that in 10 years you may be a millionaire, and you may feel like buying some real state to diversify, maybe a nicer house and whatnot. So tell me, how are you going to buy real state with Bitcoin? you will end up being forced to get that money taxed anyway, so in this scenario there is no way to get around commissions and taxes.
It is hard to buy something like real estate with bitcoin easily. I am currently looking for 40 acre or larger plots in Wisconsin and have found none for sale in BTC. Of course I could use a service that allows BTC to be spent as fiat. There are some credit cards, etc. that have this function. However I am holding out for a bitcoin sale. The problem is finding the right place AND the right currency.

www.bitcoin-realestate.com

https://www.bitpremier.com/5-real-estate

823  Economy / Economics / Re: List of banks Rothschild family own`s on: May 11, 2016, 07:52:24 PM
The list looks like the conspiracy-lover's parade. As far as what the official declaration of the Central Bank of the Republic of Turkey says, to pick one example, foreign investors may own only Class C shares, which is capped at 0.02% of the capital stock. If this is meant by owning, then I own Apple Inc.

I need a more reliable source than the official declaration to believe in that list.

Source: http://www.tcmb.gov.tr/wps/wcm/connect/TCMB+TR/TCMB+TR/Bottom+Menu/Banka-Hakkinda/Sermaye+ve+Hissedarlik+Yapisi (in Turkish)
It gets even more silly when you know that the C.B. of Turkey was founded in the Ottoman period and was in it's hey day during the time Turkey was a Nazi ally.
824  Bitcoin / Bitcoin Discussion / Re: Swiss City to Accept Bitcoin Payments for Government Services on: May 11, 2016, 07:44:56 PM
so this, seems huge, but nobody cared to report it?

http://www.coindesk.com/swiss-city-bitcoin-payments-government-services/
Ya know, your right. This is a bigger deal than I made it out to be when I first saw it. If this sort of thing caught on broadly then bitcoin may actually become a threat to fiat. Not just an option, but an threat.
825  Economy / Economics / Re: List of banks Rothschild family own`s on: May 11, 2016, 05:29:44 PM
Many (most, all?) are in no way privately owned.  Roll Eyes
826  Bitcoin / Bitcoin Discussion / Re: Do you have 100+ BTC ? - How do you plan to cashout ? on: May 11, 2016, 05:23:32 PM
Cash out? for what, shitty fiat cash?
I have never sold a bitcoin and plan on spending mine throughout the rest of my life. I may leave some in my will, but cashing out is a dumb financial decision IMO. I paid fees in fiat to get my btc and it makes little sense to pay again for the same money I wanted to get rid of.
827  Other / Beginners & Help / Re: Hello on: May 11, 2016, 03:35:01 PM
Start with the "white paper" by Satoshi Nakamoto. Everything here is about this one document. You can find a link to it just below this post. Where it says "the gospel according to Satoshi".
828  Bitcoin / Bitcoin Discussion / Re: Bitcoin is dead again. This time for sure. on: May 11, 2016, 03:30:26 PM
Poor bitcoin, dead again.  Cheesy
829  Bitcoin / Project Development / Re: Bitcoin in the hotel on: May 11, 2016, 03:27:37 PM
Dobar dan!
I was in Croatia during the trouble and I loved the place. If I go back I would definitely be interested in a place that takes BTC.   Smiley
830  Bitcoin / Bitcoin Discussion / Re: Do Arabs use Bitcoin ? on: May 10, 2016, 05:44:13 PM
How is this still a question? I use bitcoin whenever I'm in the middle east.  Islamic banking rules play very well with bitcoin, much better than western banks. If you are not finding Arabs using BTC, try searching for بيتكوين (bitcoin in Arabic)
831  Bitcoin / Bitcoin Discussion / Re: IF the NSA wanted to take control over Bitcoin, how would they do it? on: May 06, 2016, 08:26:16 PM
When was the last time you audited the code? Do you even code? And sure, devs have much more control than everyone.
It has been months since I looked at it closely. I compile from source but it's true that I don't check every distro. I also know C++ but I'm not good enough to call myself a coder and do relie on the community to discover malicious code  to some degree.

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You think NSA can't raise millions, billions, or trillions of dollars? You think NSA is poor? The sort of money needed to buy out the miners is probably in their petty cash drawer Smiley
They struggle to make their budget like every other agency. While they have big money they also have huge expenses. The annual budget is about 11 Billion. They are not stupid and anyone proposing to spend 10% of the budget on an operation with no logical purpose will be looking for a job soon.
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It would not require every provider, just your provider. Also see the Great Chinese Firewall, Easily done on nationwide level.
Then my new provider in Panama gets the worm. China may be a different story. They are a totalitarian state and could do whatever they want to their people.
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Please. You really think American people accept strip-searches before boarding a plane, no smoking in bars, but will somehow revolt when the currency already responsible for 40% of criminal payments on the internet Shocked gets banned? Just lol.
I fly all the time and have never been strip searched, and I commute from the middle east. They do not support a strip search and that is why it is not happening.
Banning smoking in bars was a decision by society because few people smoke anymore. It doesn't bother me, but most people support the ban. When most Americans smoked it was unthinkable to have such a rule.
Now where did you come up with this 40% figure?
832  Bitcoin / Press / Re: [2016-05-06] Bitcoin’s Next Adoption Phase Imminent as Public Interest Surges on: May 06, 2016, 08:02:45 PM
You can't keep a good idea down.  Grin
833  Bitcoin / Bitcoin Discussion / Re: Craig Wright relents aka Satoshi (air quotes) in Public Apology! on: May 06, 2016, 08:01:13 PM
If I were Satoshi I would have done a spend from the Genesis block and signed it "I am Craig Wright". Then I would go back into hiding forever.  Cheesy
834  Bitcoin / Bitcoin Discussion / Re: IF the NSA wanted to take control over Bitcoin, how would they do it? on: May 06, 2016, 05:41:12 PM
I have yet to see a single feasible idea of how bitcoin can be "destroyed". ...

- Find dirt on devs; offer laughably small sums of money to put on jackboots. Alternative: fed time.
- Offer Chinese miners actual IRL money > 12.5 BTC after the halvening to solve blocks.
- Block port 8333 at provider level.
- Be like Russia and Iceland, make BTC illegal.

Maybe you're just not looking?
-Dirt on Devs? Why would that make a difference in mathematical calculation? This is an open source project and any person on the planet can be a dev. The bitcoin core dev team is the most recognized team, but the community can chose any distro by simply running it.  Devs have absolutely no more control than anyone. They come up with ideas that are adopted by consensus. Some people may adopt whatever the devs write or support their work. That is a choice we all make equally.

-So the NSA is going to offer millions (billions?) of dollars to miners in China? Where is that money coming from? It would take congressional funding. "Congress I want a billion dollars to give to the Chinese so that we can disrupt the bitcoin network for a few weeks. Oh, and we get nothing in return." that is not logical.

-Blocking port 8333 is extremely easy to deal with. It would also require the cooperation of every single provider on Earth. It is impossible to imagine. As I mentioned earlier, loss of net neutrality is the only way to broadly disrupt transactions. This would, however, only apply to servers in the U.S. I would just rent some server space in Panama and carry on.  

Illegal on what grounds? The law is not just a guy who says what is illegal. There has to be a legal justification and the courts in the U.S. have already made their decision. Some people point out that liberty dollars and other currencies have been found to be illegal in the past. But none of those arguments were found to be valid in the case of bitcoin. If you live in a dictatorship or something then this may be a problem.
835  Other / Meta / Re: Wild influx of new accounts on: May 06, 2016, 04:29:27 PM
Rally!!11!! Rally!!!
836  Bitcoin / Bitcoin Discussion / Re: IF the NSA wanted to take control over Bitcoin, how would they do it? on: May 06, 2016, 04:27:22 PM
I have yet to see a single feasible idea of how bitcoin can be "destroyed". Not in this thread, not in any thread in the last 6 years. The only possible concern I have is a loss of net neutrality. If that happens all decisions about what will be allowed on the internet are in the hands of a few people. It would be the end of all electronic privacy and bitcoin may be the least of our concerns. 
837  Other / Off-topic / Re: Why would customers use Bitcoins? on: May 06, 2016, 01:58:30 PM
@whorable
Bud your clearly grasping at straws now and are not willing to understand how bitcoin works. You may be a better candidate for the supervised transactions of the bank.

In the interest of those who do want to understand why bitcoin is the biggest development in finance since the credit card here are the answers to the questions your struggling with.

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So pay by check?

Write out a check and send it in the mail? I could do that if I like waiting weeks for my order. I have not done that since the 1990's. And what 3% are talking about? There is no such thing. Well, unless you use a credit card, that WILL cost you 3% But OK, I could hand over my identity with a check. I could also mail them a sock full of pennies.

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You complain?! If the merchant wants to make more money off bitcoin users, he's free to do so.
Absolutely correct. Just as I am free to shop for the best deal and drive down prices. Ain't capitalism grand!

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All the people in the "Scam accusations" section of this forum also say they'll use the courts. In reality, that nearly never happens
True. But that is because they do not deal with registered, licensed businesses. I have never lost a Satoshi to a scam in 6 years of use. If someone insists on "investing" a scheme to double their coins then they have other problems.

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Well sure, that's the topic, "Why would customers use Bitcoins?" Even in your chosen scenario -- dealing with a bitcoin enthusiast who is also a metals dealer -- paying by check proves cheaper than paying with BTC.
Once we take into account that you have to *buy* BTC, incurring exchange fees & time to set up exchange account, risk of exchange goxing u up the a, or having to use localbitcoins (typically more than the 3% you would have paid for CC/PP transaction, plus risk of getting robbed), bitcoin stops making sense altogether
None of those things apply to me. I have always made money trading with BTC.  And a check is not cheaper. It is a longer wait, a riskier method, but not cheaper. Perhaps you just need to research ways to use BTC, you are describing the most inefficient way to obtain and use them.
838  Bitcoin / Bitcoin Discussion / Re: Would Bitcoin not have been a better option for Zimbabwe? on: May 06, 2016, 01:35:48 PM
Hell, tulips would have been a better choice for that basket case.
839  Bitcoin / Bitcoin Discussion / Re: IF the NSA wanted to take control over Bitcoin, how would they do it? on: May 06, 2016, 01:29:15 PM
We need to bring back civics education.  Roll Eyes
840  Other / Off-topic / Re: Why would customers use Bitcoins? on: May 05, 2016, 08:15:47 PM
Just checked the website. No discount for BTC, I call shenanigans Sad

And Amagi Metals is known for shady business practices (quick bitcointalk search shows this https://bitcointalk.org/index.php?topic=1456781.0 as second result), so you buy with $1311.37 worth of BTC & get a brick in the mail 3 months later, SFYL. With CC? No prob, get your money back Smiley

I'm not sure what you are looking at? They most certainly do offer a discount for cash sales, including bitcoin. I have bought as much as 10oz. at a time and saved thousands. This is also true at Overstock and most retailers who take bitcoin.  Check again.
I'm looking at their website, https://www.amagimetals.com/ Please show me how to get my BTC discount. If you claim that you got cash discount, pay cash, problem solved, no need to buy bitcoins and pay exchange fees.

Quote from: Me in this post
Just go to the website and... Never mind here is an SS:
The high price is what you pay, the low price is what bitcoiners pay


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You may think you are not paying for the Tx, but Visa is not a charity and someone MUST pay.
Sure somebody pays. It's not the customer though, it's the merchant. The same merchant that doesn't give me a discount for using BTC.
Quote from: Me in this post
The customer always pays. Every other entity in the deal is there to make money. It may not be on the tag, but it has to be factored into the price. If the merchant is not sharing the benefit of using BTC then I would complain.

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Most of the businesses I have helped to accept BTC have gone with a payment processor like BitPay. They take 1% as a fee, which is 1/3 the cost of a visa Tx
But BitPay also doesn't offer the most important service Visa provides: BitPay will not give you your money back when Amagi screws you.


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    Ron D.
    Morristown, NJ
    27 friends
    3 reviews
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1.0 star rating

7/14/2015
I would be vary wary of this company.  Customer service is terrible and behavior is extremely suspect.  I had ordered from them once previously and had some minor issues but overall the order was fine.  Now however, the number is disconnected and they do not really answer customer service inquiries.  I would not do any business with this company.
    Big Sky A.
    Monarch, MT
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1.0 star rating
8/26/2015

CAUTION!!! This company sent out another customers personal information via email to me. Probably a mistake but COME ON ARE YOU KIDDING ME!!! This information in the hand of the wrong person, you know nothing good will come of that!  In one of Amagi Metals email reply  to me was another customers personal information.  I called that customer and warned him what had happened.  Customer service is nonexistent. Amagi did not answer any of the questions I sent them. Yes they replied to each email as if they had never read the email I sent. I requested for my funds to be returned. NEVER HAPPENED!!! They would not  answer my requests. I tried for 4 days in a row to call them via telephone with no luck as the number listed on their website and their fax number were out of service.

    Scott R.
    Austin, TX
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1.0 star rating
6/27/2015
Beware! Criminal behavior by this company! Phone number has been disconnected, company is out of business, and company is not fulfilling orders nor answering emails anymore! However, they are stealing people's money who place orders with them online and then pay with Bitcoin or check.
http://www.yelp.com/biz/amagi-metals-denver


I can't say much about Amaigi's business. Other that they have handled tens of thousands of dollars of my BTC and have come through every time. If they did try something illegal then Tony (BitPay) would drop them. BitPay is a good business I trust, but it's not their job to settle disputes. If I wanted money back I would use the courts.
If Amagi is your concern then try http://www.jmbullion.com or https://www.bitgold.com. You will see the same discount.
What you are talking about now is a business that takes BTC and not BTC itself. You are overpaying compared to those of us who use bitcoin.
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