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Author Topic: Bitcoin-Central, first exchange licensed to operate with a bank. This is HUGE  (Read 142632 times)
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December 08, 2012, 02:55:31 AM
 #261

Why the F are people freaking out about "OMG!Bitcoin is being linked with fiat!" when MtGox has been doing it for almost two years now? You guys are nuts! (And some of you need to tone down the trolling a bit; it's so moronic, it's blatantly obvious)

an exchange is very different from a bank

It's a PSP. The only difference between Gox and this that I can see is that Gox can't keep your fiat in your own private account. I'm fairly certain Gox's bank knows full well what they are doing, and are OK with Bitcoin too.

How do you know Gox's bank cares? Remember the bank is only seeing the withdrawals and deposits, they not seeing the bitcoins coming in and out, that are used to represent those dollars.

Need Webhost/VPS/Dedi Check out Bitronictech I been using them for over 3 yrs and they been amazing! They accept bitcoins!
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December 08, 2012, 02:56:10 AM
 #262

I perfectly understand how bitcoin works. You don't know how gov works.

I know perfectly well that the bitcoin network cannot be seized, but what you don't know is that gov can ban the use of bitcoins. Gov can actually send cops in those shops who have the "bitcoin accepted" sign and put them a fine.

The same way as marijuana will keep growing (will never be extinguished), but that doesn't mean that the gov doesn't pursue it.

Oh really? Which government? American? British? Chinese? French? Korean?
Yeah, marijuana is SO illegal now that "the government" has made it illegal. Especially in Canada and Netherlands  Roll Eyes

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December 08, 2012, 02:59:39 AM
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Bitcoin is the currency of the freedom fighters trying to create a new world.


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December 08, 2012, 03:10:54 AM
 #264

Oh my God are there 80% lunatics on here .. i see hundreds of people cheering and 2 3 4 5 people speaking out .  it's like an obama election .

Rob E... don't be a fool please.

You're freaking out because one exchange partners with a bank. This does little to corrupt any privacy or "statelessness" that you seek, and does much to bring the world of normal people into Bitcoinland, where, upon finding an amazing new monetary system, they are likely to start abandoning the banks you hate so much.

You have too little confidence in Bitcoin as a decentralized system if you think it is made weaker by attaching one part of it to the banking system. I wonder if you would've similarly freaked out when MtGox enabled people to send fiat to it via wire transfers from banks? That, even more than this announcement from Paymium, enabled Bitcoin to start interacting with the normal financial world. And indeed, Bitcoin is far stronger now because of it.

If you think I'm a lunatic, you're welcome to counter what I'm saying here.
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December 08, 2012, 03:13:25 AM
 #265

How do you know Gox's bank cares? Remember the bank is only seeing the withdrawals and deposits, they not seeing the bitcoins coming in and out, that are used to represent those dollars.

They're not just seeing withdrawals and deposits, they are seeing $20,000,000 a month worth of withdrawals and deposits. With that amount of money they know they are likely under the scrutiny of every regulatory body out there. It's likely why MtGox has had to resort to KYC and AML regulations as well, like a real bank.

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December 08, 2012, 03:13:57 AM
 #266

I don't understand people who dismiss this news.

Half-measures == Half-reached goals.

To get anywhere, you have to get halfway there first. Unless you're a quantum particle I suppose Smiley

Do you really support bitcoin users getting bailed out by taxpayers if bitcoin-central fails in the marketplace ?

This is abhorrent.

What you are describing is an intrinsic problem with modern banking, not with Bitcoin. A Bitcoin exchange partnering with a bank in order to make Bitcoin more useful and convenient is no more a betrayal of ideology than for someone to trade one bitcoin for a fiat piece of paper. I'm sure you have traded some bitcoin for fiat at some point, yes? If so, may I ask, do you really support the global militant empires which are based on the fiat paper to which you just gave value?

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December 08, 2012, 03:21:01 AM
 #267


It's kind of like a bunch of slaves breaking out and then running straight back because they were so brainwashed they didn't even recognize freedom.  



nice

Or it's like a bunch of slaves breaking out, and then running back with tools to free everyone else instead of hiding in the wilderness.
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December 08, 2012, 03:28:57 AM
 #268

Integrate, integrate, integrate, and Bitcoin will succeed, because it is superior.

If I wanted to go out to dinner, or needed to go to the store for some groceries, where can I go that will accept this superior currencies debit card?

Anywhere debit cards are accepted.

But way to come out swinging before you understand what is being discussed.

But I'm still ultimately paying in cash. The bitcoins are just converted into real money by this bank. I've added this bitcoin middleman because...

It's a better store of value than fiat.

Is that why it is effectively backed by fiat?  Or why the only community to really embrace it is absolutely plagued by scams and baffling incompetence?

Back to the initial point, isn't part of the entire mythos of bitcoin getting away from federal regulation and banks?  If you are just going to have your bitcoins processed through a bank that then converts them to fiat money, you are just taking a worthless middle step.  

You're still paying in fiat money, this is not a win for bitcoin, just a confirmation that for anyone to take it seriously, you have to back it with the very fiat money you are trying to overthrow.
JESUS FUCKING ChrIst someone talking sense.

With all due respect, Rob, if Bitcoin were a closed system, then you wouldn't have penned the following:

Hi My name is rob i'm from amsterdam holland i've been follwing bitcoin for about 3 or for day just looking at different things wondering what it is all about i'm in it for supporting an alternative currency that could possibly save the planet as we know it . . i think we need a free currency that is decentralized cannot be manipulated by governments or so called elites to bring countries and people to its knees and to financially  enslave them. . that's what i am in it for if i can make money at the same time then it's just win win ( not that im not already doing other things beside employing bit coin ) . . an investmend advice i once read was " invest in something that you love and you'll never lose. . i love this planet and it's people and the many freedoms that still we do have . . yeh i mean that  .. because in relation to if and when . . the world bankers do fully take over ,  what we still have now, would be paradise,  compared to that. .

As max keizer said  .. this is the currency of the resistance . . I'm not in it for illegal activity i'm in it for the financial freedom on this planet and freedom from financial slavery. . and take the power away from the financial psychotic criminals in charge today .. .. I see bitcoin as the good for all humanity i think this should be our main focus and should be our main purpose ..

Don't get me wrong, I do respect your stance, but we can't have it both ways--an open and closed system.

Currently, I applaud Dave.

~Bruno K~

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December 08, 2012, 03:33:35 AM
 #269

I would love to see more banks adopt Bitcoin like this. Eventually businesses like Amazon will start buying them up for payment processors. When they see how easy Bitcoin works, they will look for ways to streamline. Then they will finally realize they never did need the banker middleman.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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December 08, 2012, 06:44:58 AM
 #270

You guys should see if you can't watch the Bank of Dave documentary, you have to deal with a lot of loopholes etc. when setting up anything like a bank in our countries because the bank owners are of course part of a special club.

http://www.youtube.com/watch?v=0fIGZOe-Oa0


Remind me to kick your ass! I've already viewed Ep1 and Ep2, looking forward to Ep3 tomorrow. Not sure if there's more episodes, but hope there are. Thanks for the link, 420.

~Bruno K~

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December 08, 2012, 08:54:13 AM
 #271

We'll see for example, how many "partnered" exchanges continue to allow anonymous accounts, the way bitcoin-central did.

If there's a market for it there's certainly going to be offerings, theoretically speaking.

Practically speaking, the person to person and otc deals exceed MtGox's volume at this time. To imagine that a tiny exchange integrating with the financial system does anything to that is quite the jump. They'll likely grow on the basis of completely new customers (people who would have never shown up on otc or mtgox anyway) and so extend the pie. They're not eating anyone's slice with this move.

In a few years, we'll only be able to message with their secretaries, while they are busy opening  "a bottle of champagne" (paid for with OUR BTC) and celebrating at the country club with their old banking system "partners"...

Hi. I'm the PR for one. I'm here to tell you that it's not YOUR BTC. It's ours. Here's the champagne.

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December 08, 2012, 09:04:37 AM
 #272

Bitcoin is the currency of the freedom fighters the ones who want to create a better world it doesn't belong to those who want to make a buck who want to suck up to bankers of the established system making deals . . so they can join in on profits onbeknownst  to them. They belong to free spirits trying to create a new world a new financial system understanding .. that the core destruction aswell  financialy mentally and socially is caused by the current banking system that aims  on a global system hopes; expects  we  people bow down to.

Bitcoin is the currency of whoever wants to use it, to be used however they see fit.  It doesn't "belong" to anyone.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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December 08, 2012, 09:07:53 AM
 #273

We'll see for example, how many "partnered" exchanges continue to allow anonymous accounts, the way bitcoin-central did.

If there's a market for it there's certainly going to be offerings, theoretically speaking.

Practically speaking, the person to person and otc deals exceed MtGox's volume at this time. To imagine that a tiny exchange integrating with the financial system does anything to that is quite the jump. They'll likely grow on the basis of completely new customers (people who would have never shown up on otc or mtgox anyway) and so extend the pie. They're not eating anyone's slice with this move.

In a few years, we'll only be able to message with their secretaries, while they are busy opening  "a bottle of champagne" (paid for with OUR BTC) and celebrating at the country club with their old banking system "partners"...

Hi. I'm the PR for one. I'm here to tell you that it's not YOUR BTC. It's ours. Here's the champagne.

Technically that bottle says "Romanian Wine".

Founder of Aeternum.in - NFC enabled, Secure, Bitcoin Cold Storage.
For the next thing in Bitcoin: http://mastercointalk.org/. I am also BTalk user "Aeternum.in"
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December 08, 2012, 09:21:17 AM
 #274

What you are describing is an intrinsic problem with modern banking, not with Bitcoin. A Bitcoin exchange partnering with a bank in order to make Bitcoin more useful and convenient is no more a betrayal of ideology than for someone to trade one bitcoin for a fiat piece of paper. I'm sure you have traded some bitcoin for fiat at some point, yes? If so, may I ask, do you really support the global militant empires which are based on the fiat paper to which you just gave value?

And even then, bitching about some people not submitting to some ideology is absurd. There is no ideology in bitcoin itself, it is just a tool. People will use bitcoin as they will, and no one can prevent them from using it as they will. I would recommend everyone to stop nagging about what other people are doing, and instead focus on doing something productive yourself that promotes your ideals and goals for the society.

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December 08, 2012, 09:27:40 AM
 #275

Oh my God are there 80% lunatics on here .. i see hundreds of people cheering and 2 3 4 5 people speaking out .  it's like an obama election .

Rob E... don't be a fool please.

You're freaking out because one exchange partners with a bank. This does little to corrupt any privacy or "statelessness" that you seek, and does much to bring the world of normal people into Bitcoinland, where, upon finding an amazing new monetary system, they are likely to start abandoning the banks you hate so much.

You have too little confidence in Bitcoin as a decentralized system if you think it is made weaker by attaching one part of it to the banking system. I wonder if you would've similarly freaked out when MtGox enabled people to send fiat to it via wire transfers from banks? That, even more than this announcement from Paymium, enabled Bitcoin to start interacting with the normal financial world. And indeed, Bitcoin is far stronger now because of it.

If you think I'm a lunatic, you're welcome to counter what I'm saying here.
Right theres only a problem with that peoplele are gonna be wondering who is the lunatic
And by my gathering you own a substantial amoumt of bitcoin.. so this is all good news for you as it will drive the price undoubtedly up.. so its pretty easy to establish your positive " dont make anything out of it" kinda attitude.. my guess is you hardly can tie your own shoe laces let alone work. THERES NOTHING TO FUCKING DEBATE YOU SOLD OUT HANGING ON THE DEVILS NUTS AND GIVING HIM A BLOWJOB EVERY NOW AND THEN.YOURE MASSAGING THE DEVILS BALLS AND ASKING HIM IF IT FEELS OK... No matter the first condeming articles have already sprung up.. i hope everybody takes good note of thise selling out bitcoin.. these are not friends lets make that very fucking clear.
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December 08, 2012, 09:48:41 AM
 #276

This is great news.

Keep up the important work Smiley

Bitrated user: ScottJ.
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December 08, 2012, 09:57:50 AM
 #277

There is no ideology in bitcoin itself, it is just a tool...
...
focus on doing something productive yourself that promotes your ideals and goals for the society.
Hmm, do you see the contradiction? How is promoting your ideals and goals for the society any different from promoting an ideology!?

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December 08, 2012, 10:15:29 AM
 #278

There is no ideology in bitcoin itself, it is just a tool...
...
focus on doing something productive yourself that promotes your ideals and goals for the society.
Hmm, do you see the contradiction? How is promoting your ideals and goals for the society any different from promoting an ideology!?

Mostly from the practical viewpoint - there is endless supply of people bitching about other people's actions*, while there is only a small group of people who do some real work and get stuff done. The first group of people is just more annoying.

(* Of course exception is, when there is aggression or something like that. But bitching about some company or invidual offering some kind of service in the free market is annoying and worthless.)

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December 08, 2012, 10:28:11 AM
 #279

Mostly from the practical viewpoint - there is endless supply of people bitching about other people's actions, while there is only a small group of people who do some real work and get stuff done.
Word.

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December 08, 2012, 11:17:53 AM
 #280

Technically that bottle says "Romanian Wine".

Well technically Champagne is wine.

THERES NOTHING TO FUCKING DEBATE YOU SOLD OUT HANGING ON THE DEVILS NUTS AND GIVING HIM A BLOWJOB EVERY NOW AND THEN.YOURE MASSAGING THE DEVILS BALLS AND ASKING HIM IF IT FEELS OK...

This has to be preserved. It's just too bitcointalk-y.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
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