Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ghandi]

Volume dying...waiting for the next dump

[becoin]

Trust me, the regulators have excellent job security

Trust me, you're wrong.  

[rich93]

I think the big issue with the terms of bitlicense are to do with how they define Virtual Currency Business Activity.

Good. Bitcoin is not a virtual currency. It is a digital currency.

Section 200.1 of the DFS Proposed Rules, Codes, etc.  states:

(p) Virtual Currency means any type of digital unit that is used as a medium of exchange or a form of
digitally stored value. Virtual Currency shall be broadly construed to include digital units of exchange that (i)
have a centralized repository or administrator; (ii) are decentralized and have no centralized repository or
administrator; or (iii) may be created or obtained by computing or manufacturing effort.

I see what you say, and agree with your definition, but like I say, the language they use is arcane and open to misinterpretation.

That's the whole point. They get to interpret what their own arcane language means, not somebody else. It can mean whatever they want it to, and if you try taking them to court about it the judge will be on their side. There's no way you can use it against them because the system is on their side.

[ChartBuddy]

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Explanation

[sAt0sHiFanClub]

That's the whole point. They get to interpret what their own arcane language means, not somebody else.

Thats what your advocate is for!!  In most jurisdictions (outside the US, anyway) overly vague or expansive legislation usually gets hammered fairly quickly. Tragic cases make bad law, but so does fear and lack of understanding of the subject under review. Most of the submissions in response to the DFS proposals were centered on refining the scope, but I think this largely fell on deaf ears. They did, however, remove references to software services which had been part of it. 

[gotmilk_]

Say what?  
https://www.reddit.com/r/Bitcoin/comments/3ghn9n/spains_second_largest_bank_bbva_explains_how_to/?sort=new

https://ihb.io/2015-08-10/news/bbva-blockchain-technology-poised-financial-industrys-biggest-disruptor-yet-22330

[ChartBuddy]

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[becoin]

Most of the submissions in response to the DFS proposals were centered on refining the scope

Nobody can refine the scope of such a term as "form of digitally stored value". Every sequence of 1's and 0's is a from of stored value because every sequence of 1's and 0's is a form of information. And information is valuable.

[eerygarden]

Say what? 
https://www.reddit.com/r/Bitcoin/comments/3ghn9n/spains_second_largest_bank_bbva_explains_how_to/?sort=new

Blockchain.info wallet with a back up stored on dropbox 

[Alley]

Just think if all the bidders of the 20k coins on finex just said fuck it and did a market buy...

[gotmilk_]

Say what? 
https://www.reddit.com/r/Bitcoin/comments/3ghn9n/spains_second_largest_bank_bbva_explains_how_to/?sort=new

Blockchain.info wallet with a back up stored on dropbox 

Yep... epic fail. 
I remember one guy lost a lot because of that (few 1000btc?).

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[White sugar]

too many invalid proxy images, what is happening?

[gentlemand]

too many invalid proxy images, what is happening?

Something to do with Chartbuddy's hosting occasionally goes tits up. That's the most regular issue.

[ChartBuddy]

Coin
Explanation

[Richy_T]

too many invalid proxy images, what is happening?

Something to do with Chartbuddy's hosting occasionally goes tits up. That's the most regular issue.

That's not been an issue in a while since I started using imgur.

So it's probably imgur.

[ejinte]

too many invalid proxy images, what is happening?

Something to do with Chartbuddy's hosting occasionally goes tits up. That's the most regular issue.

That's not been an issue in a while since I started using imgur.

So it's probably imgur.

Do you need to pay to store the pictures?

[thefunkybits]

Bitcoinwisdom down?