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Author Topic: FinCEN aftermath - We need more ASIC, pronto  (Read 2840 times)
Jaw3bmasters
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Another block in the wall


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March 19, 2013, 06:40:41 PM
 #1

Who's making it happen?

Also,

What is the current status of an actually BTC debit in whatever fiat?


EDIT:
ATTENTION NEW MEMBERS

  • PRIMEASIC - confirmed scam, [FAKE]
https://bitcointalk.org/index.php?topic=148832.msg1579440#msg1579440

  • GalaxyASIC - possible scam, [PENDING VERIFICATION]
https://bitcointalk.org/index.php?topic=158044.msg1672838#msg1672838

  • ASIC Cedartec - confirmed scam, [FAKE]
https://bitcointalk.org/index.php?topic=159560.msg1686811#msg1686811

  • kncminer - possible scam, [.......?.......]
https://bitcointalk.org/index.php?topic=170332.0

In Cryptography we trust.
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yokosan
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March 19, 2013, 06:43:23 PM
 #2

What is the current status of an actually BTC debit in whatever fiat?

This my friend is the million dollar question.

Give me the ability to withdraw bitcoin from ATM as cash and I will glady stuff all of my savings into that account.

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cypherdoc
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March 19, 2013, 06:54:44 PM
 #3

don't worry.  the asics are coming.
URSAY
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March 19, 2013, 06:59:45 PM
 #4

don't worry.  the asics are coming.

Is this a BFL quote?   Grin
cypherdoc
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March 19, 2013, 07:11:29 PM
 #5

don't worry.  the asics are coming.

Is this a BFL quote?   Grin

no, an Avalon one.
Jaw3bmasters
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March 19, 2013, 07:33:42 PM
 #6

That's why 'more' is in the title.

So far we have Avalon, ASICMINER. Yea, we need some more....

In Cryptography we trust.
repentance
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March 20, 2013, 12:56:14 AM
 #7

I'm not sure why you think the FinCEN guidelines mean more ASICs are needed.  3600 BTC are going to be produced per day whether they're produced on GPUs or ASICs and FinCEN doesn't going to give a damn about what hardware you used to produce them - only what you do with them after you've mined them.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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March 20, 2013, 01:00:05 AM
 #8

Yeah, people don't get that ASICs don't produce more bitcoins, they just take more share.  

I can imagine 2 hedge funds spending $millions of investors money on them and each wondering why they never produce more coins. Grin

Truly the ones making out big in the gold Bitcoin rush will be the ones selling the shovels ASICs.

Jaw3bmasters
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Another block in the wall


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March 20, 2013, 12:23:24 PM
 #9

I'm a miner, so my thing is hardware.

As of now, all my transactions will be done only in BTC, given availability.

I've already bookmarked https://www.bitcoinstore.com/

Now it's official.

In Cryptography we trust.
Jaw3bmasters
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Another block in the wall


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March 20, 2013, 12:27:59 PM
 #10

According to FinCEN, I can mine/trade any cryto-currency just as long I don't try to peg the value to uncle sam's dead prez. That for me is good news, for others, perhaps not.

In Cryptography we trust.
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April 09, 2013, 03:55:52 PM
 #11

and about helveticon ?
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April 09, 2013, 04:02:59 PM
 #12


Truly the ones making out big in the gold Bitcoin rush will be the ones selling the shovels ASICs.

not until the easy gold is dug first

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