FYI Washington Bill Would Make It Illegal to Pay for Weed With Bitcoin
Cannabis may be among the country's fastest growing industries, but its status as a Schedule I controlled substance under federal law poses an inconvenient discrepancy with more liberal state policies. It's well known that pot businesses have used digital currency, like bitcoin, to work around the issue of banking and use of credit cards, given that most financial institutions, complying with federal law, will not service green industry folk. But now, in Washington state, even that's under fire. State Senators Steve Conway and Ann Rivers proposed a bill to prohibit local cannabis businesses from buying or selling products using bitcoin. "A marijuana producer, marijuana processor, or retail outlet must not pay with or accept virtual currency for the purchase or sale of marijuana or any marijuana product," according to the bill, in which "virtual currency" also includes digital currency. ...more http://motherboard.vice.com/read/washington-bill-would-make-it-illegal-to-pay-for-weed-with-bitcoinThat's not the case in Canada, Colorado or any other state we are aware of. We have previously had a legal advisor contact the Colorado M.E.D. and they did not have a problem with regulated cannabis businesses accepting digital currencies The effect a virtual currency ban bill debated in Washington state will have is raise awareness of the potential benefits of bitcoin or potcoin could have. Lets say the benefits that could be offered through the blockchain are argued effectively. Any public debate or mandate decreed immediately increases the possibility of considerable deliberation in the future as well. Colorado leading the country in pot sales and potentially allowing public consumption having the additional advantage in transacting for pot with a potcoin is a signaling a green light to for now. |
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but but but it was all going so well  Everybody wants it to go well. Funny you should say that too.  |
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There was a hacking going on when I was having issues. I knew there was something going on because for all the 2 years that I have been using them nothing like this has happened and they have DDoS attack implementation safe guards on their site. So it was a hacking going on then: https://community.coinbase.com/t/coinbase-was-hacked-and-they-are-lying-about-the-situation/13187/5I just knew there was something up when I first posted this under technical support but then a mode moved it to this section!  My thoughts are you have talked yourself into them getting hacked. Plenty of people want to kick coinbase while they are laying down for the IRS, etc. But mods trying to talk folks out of a run on coinbase are defeating the point of bitcoin though. Hold your own private keys to be your own bank should be the advice, not censorship. The site is experiencing issues, no controversy there. The situation should be examined. |
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Potcoin has had decent management, momentum, and maintenance since the inception. This roadmap seems somewhat divergent of the general blockchain technological alternative systems. Where are the identity authentication features being thought up and applied for btc, etc. in regards to medical or regulatory compliance systems? In my home state which voted republican in the presidential race yet also passed medical marijuana, these kinds of features could be presented to the politically authorized policy makers now, while the many details of the implementation are being worked out. Peer blockchains could be able to provide political momentum in every American state with laws in direct conflict federally for the foreseeable future. There is an opportunity in financing unlike any other in potcoin, and I would like to see the team managing the use cases in a natural way, its about to be 2017. |
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Is there a solid dice site for Moreno?
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10 cents per day is not something that you can make a decision based on. because there is so many changes such as you mine more and price fluctuating. so i think both are the same so far.
but if you think about the coin itself then i will choose XMR over ETH any day. because XMR has been around for a much longer time, it is more trusted than the buggy ETH. and also XMR have been rising so far whereas ETH has been falling and continues falling.
What exactly is rising other than the price of XMR? The network hash has remained so low it is not even safe. |
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I need potcoin wrap for my vehicle
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Just discovered this project today. Very nice way to run a node thks!
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Any numbers on 390x/290/290x from real life testing?
Same speed on 290 |
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This is good for bitcoin price right?
Bitcoin has no real value so trading it is neither bad or good. |
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Setup a SynapsePay account but cannot deposit USD into Kraken due to Insufficient Documentation with no other directions. This doesn't seem like ACH linkage between US banking accounts.
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Whats the cap rate?
Not sure what you mean. Is the property currently vacant, are you going to have it pre-inspected and post the report here?
There is a tenant currently. I'm not sure what the Realtor plans on doing. I will keep it in mind for potential buyers. Real interested in this closing for BTC if you have a payoff on a mortgage also.
It's a great location in Jonesboro. Right down the street from the Rolex store, one house away from Five Guys and a number of other food places. Fire station is located at the end of the road. Take a tour  : https://www.google.com/maps/@35.8171109,-90.6674669,3a,75y,307.32h,83.87t/data=!3m6!1e1!3m4!1sc-9MN4omHL7p0JosaX-zOA!2e0!7i13312!8i6656It does have a mortgage to pay off. Shouldn't cause any problems. The cap rate would be figured using rental management figures. Basically accounting for the the net income / investment for percentage return on the property. Without some BTC addendum or contract stipulation to the standard available Realtor contract forms package, your broker and escrow/title companies are not going to approve the HUD-1 with Bitcoin in a line to payoff that mortgage. In the chance BTC is used, and worked into the contracts for close, I would be very interested in seeing the HUD-1 and contracts myself pre or post closing. |
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Seems like global rate is falling as BTC value rises. Is that a valid correlation from the past rates or does there seems to be added capacity due to more miners?
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Whats the cap rate? Is the property currently vacant, are you going to have it pre-inspected and post the report here?
I will keep it in mind for potential buyers. Real interested in this closing for BTC if you have a payoff on a mortgage also.
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Are you interested in games or controllers? How much would you offer to pay? I have a day one system that hasn't been used in months.
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Although I do very much like this idea, I don't think this is a deal that is going to work.
The first and biggest problem with this proposal is that you do not legally have the right to assign your Social Security Benefits, nor can your creditors seize them/put a lien on them (the Federal government may be an exception to this for taxes -- I think the government will also force you to pay Medicare Premiums out of your SS check). This means that it would be impossible to enforce this kind of contract. Somewhat of a "loophole"/exception to this is that once you receive the funds, the money would be considered to be part of your general assets, and could be seized as applicable -- so if there was a lien on your bank account, and you deposited your Social Security check into that bank account, then the creditor that has the lien would be able to seize those funds once the check clears -- you can however receive a paper check and cash the check at say WalMart. There are similar protections for your other retirement accounts (401k, IRA, ect.) however there are somewhat more "loopholes"/exceptions to this.
Somewhat less of an issue, is that the Social Security Trust Fund does not actually invest or manage your money, it actually puts all of it's excess money in special treasury bonds that can be redeemed at any time when needed. Also the (what is essentially) rate of return assumes no risk of default which means the return is going to be lower then it otherwise would be. If you were to invest this money yourself, then you would (presumably) take on some amount of risk which means that you could potentially end up loosing some amount of money.
Starting with your last point first, yes the rate of return risk could be an issue to me if it wasn't the defacto standard to operate the US banking system as too big to fail. As for whether this "assignment" of SSP will be permissible, the loop holes to a direct assignment that I can come up with off the top of my head based on the operation manual on assignments from the social security administration linked above are very clear in allowing pre-authorized withdrawals for loan repayment. Finally for medicare the premiums are not allowed by law to increase faster than the social security benefit its self, and payment can be made in several alternative ways than a benefit deduction. |
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Here's the sumary:
Words words words, promises, vague details, words words words, ICO.
Thank you for the excellent summary. Don't think I could have expressed it better. What you pickup out of the words, promises, and details is an initial cost outlay? The concept and application behind this multiple benefit coin will be another disruption in finance that will face resistance sure. Completely is why it is going to get boxed up for Americans, who have legitimate fear founded in proof of undemocratic control central banks have over the economy and specifically the USD. |
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SAVED FOR Followup Info Requested
FYI, I don't believe you can edit posts in an auction setting meaning the two reserved posts are moot. You are right. That was my ignorance. |
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I think we need a lot more information to make any sort of bid. How much will it be? How could this even possibly be enforced if there was a default?
Thanks for the great questions. The current estimate from tool at SSA.gov is attached below The acceptable payments according to SSA guidelines can be found here https://secure.ssa.gov/poms.nsf/lnx/0202410001 So looks like a fee, third party repayment, or financial institution-electronic funds distributor arraignment  |
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Updated the Introduction. Thanks for your interest and time.
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