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dgarcia
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July 17, 2014, 01:39:45 PM |
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Lift off everywhere except for Stamp  Traders at Stamp has bought thousands of coins in the $610 area, but these same traders seem more or less uninterested in moving the price up above this level.  Why should they? If they would snap up all selling pressure on this level, price would move up by other buyers... |
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 17, 2014, 02:00:16 PM |
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justusranvier
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Activity: 1400
Merit: 1009
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July 17, 2014, 02:00:52 PM |
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Maybe I'm going to look back in one year from now (or even 6 months)  |
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FNG
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July 17, 2014, 02:04:54 PM |
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kehtolo
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July 17, 2014, 02:08:52 PM |
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Maybe I'm going to look back in one year from now (or even 6 months) Cool chart bro. Hope i can accumulate as much as possible before take off.. considering giving up beer for a while (I said CONSIDERING!!! ..and anyway.. i don't think it will be that long now) |
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justusranvier
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Activity: 1400
Merit: 1009
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July 17, 2014, 02:12:41 PM |
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FNG
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July 17, 2014, 02:17:38 PM |
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Thanks. Only a few pages in but very vague so far. EDIT: The exemptions are clearing a few things up, seen nothing defining miners yet but 200.3 c 2 clears things up for users and merchants: (c) Exemption from licensing requirements. The following Persons are exempt from the licensing requirements otherwise applicable under this Part: ... (2) merchants and consumers that utilize Virtual Currency solely for the purchase or sale of goods or services "Records of Virtual Currency transactions. Each Licensee shall maintain the following information for all transactions involving the payment, receipt, exchange or conversion, purchase, sale, transfer, or transmission of Virtual Currency: the identity and physical addresses of the parties involved, the amount or value of the transaction, including in what denomination purchased, sold, or transferred, the method of payment, the date(s) on which the transaction was initiated and completed, and a description of the transactios" Dark Wallet is going to become popular. |
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kehtolo
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July 17, 2014, 02:18:05 PM |
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Meh.. it's all Legaleese.. which i don't do a very good job of reading! So.. is it Bullish or not?? I skim read it.. literally skimmed over most of it.. seems like the current laws of KYC and anti laundering just applied to bitcoin and put into a document.. probably looks a lot like banking regulations. Nothing earth shatteringly new in it, just an enshrining of already familiar practices into a regulatory framework document. I can't see any red-herrings or red flags jumping out at me.. am i missing something? Overall, as expected... regulations for exchanges and bitcoin orientated financial services..standard and expected.. I'd take this as bullish, as bitcoin is now official. Coupled with CA's stance on it too.. coast to coast america has endorsed bitcoin. Now it's up to the rest of your states to copy them, get a uniform playing field across America.. and get some decent exchanges set up. Wall St. ... are you ready??? CCMF! |
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CoinsCoinsEverywhere
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July 17, 2014, 02:18:46 PM |
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Lol, maybe everything looks like a ponzi when you're the world leader in them  Actually, they're right and so are the pyramid scheme claims, what they neglect to mention is its a reverse pyramid, the folks normally at the bottom are on the top and the few with most of the world wealth are the last ones in. Bitcoin is not a ponzi scheme. Period. People have been throwing that word around way too much since the Madoff case. By definition, a ponzi scheme has a single person or entity through which all the funds flow. That is obviously not true of bitcoin. It amazes me (although perhaps it shouldn't) that someone associated with the world bank would be so sloppy. |
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kehtolo
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July 17, 2014, 02:19:01 PM |
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Thanks. Only a few pages in but very vague so far. EDIT: The exemptions are clearing a few things up, seen nothing defining miners yet but 200.3 c 2 clears things up for users and merchants: (c) Exemption from licensing requirements. The following Persons are exempt from the licensing requirements otherwise applicable under this Part: ... (2) merchants and consumers that utilize Virtual Currency solely for the purchase or sale of goods or services "Records of Virtual Currency transactions. Each Licensee shall maintain the following information for all transactions involving the payment, receipt, exchange or conversion, purchase, sale, transfer, or transmission of Virtual Currency: the identity and physical addresses of the parties involved, the amount or value of the transaction, including in what denomination purchased, sold, or transferred, the method of payment, the date(s) on which the transaction was initiated and completed, and a description of the transactios" Dark Wallet is going to become popular. Yeah but.. most proper exchanges do this anyway. |
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empowering
Legendary
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Activity: 1078
Merit: 1441
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July 17, 2014, 02:33:19 PM |
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Ermahgerd  |
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empowering
Legendary
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Activity: 1078
Merit: 1441
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July 17, 2014, 02:42:30 PM |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 17, 2014, 02:44:41 PM |
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Lol, maybe everything looks like a ponzi when you're the world leader in them Actually, they're right and so are the pyramid scheme claims, what they neglect to mention is its a reverse pyramid, the folks normally at the bottom are on the top and the few with most of the world wealth are the last ones in. Bitcoin is not a ponzi scheme. Period. People have been throwing that word around way too much since the Madoff case. By definition, a ponzi scheme has a single person or entity through which all the funds flow. That is obviously not true of bitcoin. It amazes me (although perhaps it shouldn't) that someone associated with the world bank would be so sloppy. Bitcoin is a Bubblicious ponzi scheme! buy Buy BUY!  |
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edwardspitz
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July 17, 2014, 02:49:02 PM |
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Lift off everywhere except for Stamp Traders at Stamp has bought thousands of coins in the $610 area, but these same traders seem more or less uninterested in moving the price up above this level. Why should they? If they would snap up all selling pressure on this level, price would move up by other buyers... Maybe I'm a bit too impatient. The breakout on the Chinese exchanges looks pretty solid and Finex is not looking too shabby either. I'm hoping for $628 and will be impressed if we go beyond. |
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wingsfan23
Newbie
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Activity: 32
Merit: 0
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July 17, 2014, 02:51:53 PM |
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Lol, the charts are running flat while everyone is reading like crazy and figuring out what to do next Haha I feel the same way. So... was this good or bad? Looks alright to me |
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Torque
Legendary
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Activity: 3556
Merit: 5041
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July 17, 2014, 02:52:16 PM |
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Lol Ok, Ponzi is just plain wrong but reverse pyramid is accurate. Actually reverse pyramid is not even accurate. Unless Gold for thousands of years is also considered a reverse pyramid. Or BRK-A stock for the last 30 years. |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 17, 2014, 03:00:20 PM |
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FNG
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July 17, 2014, 03:04:15 PM |
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Super Nintendo Rally |
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empowering
Legendary
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Activity: 1078
Merit: 1441
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July 17, 2014, 03:05:49 PM |
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Its not really news, its the same anti money laundering requirements as any financial service and most exchanges already comply with it. As far as I can see merchants and normal users aren't required to jump through those hoops so its not hindering uptake for mainstream adoption. I agree I just thought I would post the article as a brief. I am just having a read now through the pdf and so far does not seem to be any real shockers...so far... assuming there are non, that is in itself news... good news at that. Be good to see some licensed NY exchanges with some serious liquidity and volume, and with some decent security, insurance/bonds and a little more transparency etc.. assuming the cost is not too prohibitive for compliance, but I have a feeling that will be a non issue for the bigger players. This could well be the final push for some people that have been waiting on the sidelines, or the intitial shove for many that have not even really heard or considered Bitcoin before, also I am expecting at some point more Bitcoin marketing to surface as the seed monies that have been sown start to come to fruition and real world services come online. As far as regs go, these seem on the lighter handed touch.... those who welcomed regs will be happy, and those that do not... nothing has really changed. |
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