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

[Its About Sharing]

LOL, now the Bitcoin Foundation is a money transmiter bussines? Cease an desist order here -> http://www.scribd.com/fullscreen/149335233?access_key=key-2lnhtenm4qb1mydngxac&allow_share=false&show_recommendations=false

What a joke, i wonder how they got that misleading info.

This is just getting more and more disgusting by the day. Seriously America, give it a rest. How can we ever go forward if you keep taking steps backwards.

[ronaldlee0917]

Omg, Bitcoin Foundation is in trouble?
Will this affect the price?

[S3052]

LOL, now the Bitcoin Foundation is a money transmiter bussines? Cease an desist order here -> http://www.scribd.com/fullscreen/149335233?access_key=key-2lnhtenm4qb1mydngxac&allow_share=false&show_recommendations=false

What a joke, i wonder how they got that misleading info.

can someone explain why they should be a money transmitter?

[klee]

I would also add that scam coins are pretty profitable, but so far only decided to put significant money in LTC (some thousands of it) and XRPs (a few hundred thousands), tried a little bit of PPC but sold after 2 days with a small profit. It was too prone to continuos pumped ump.

My exit strategy for LTC is very clear (before Gox), on the contrary I'm not sure about XRP, I'm already sitting on a 50% profit and I'm wondering if I should sell now and forget about it or if I should hold it long term and see what happens with Ripple when it exits the beta stage. In any case I'm aware of the fact Ripple is a scam and I may lose everything I've invested in it, in any case it was a gamble with money I definitely can afford to lose. LTC already paid for all the money I could potentially lose with XRP.

Well played!! 

[lucas.sev]

And now 200BTC 2USD slippage pump back to prepare support at 108 again

[QuestionAuthority]

LOL, now the Bitcoin Foundation is a money transmiter bussines? Cease an desist order here -> http://www.scribd.com/fullscreen/149335233?access_key=key-2lnhtenm4qb1mydngxac&allow_share=false&show_recommendations=false

What a joke, i wonder how they got that misleading info.

can someone explain why they should be a money transmitter?

Because they have created an org that is a central point of contact for money transmission businesses. Remember that whole "centralization is evil" thing? Well they did it anyway.

[lucas.sev]

LOL, now the Bitcoin Foundation is a money transmiter bussines? Cease an desist order here -> http://www.scribd.com/fullscreen/149335233?access_key=key-2lnhtenm4qb1mydngxac&allow_share=false&show_recommendations=false

What a joke, i wonder how they got that misleading info.

can someone explain why they should be a money transmitter?

Because they have created an org that is a central point of contact for money transmission businesses. Remember that whole "centralization is evil" thing? Well they did it anyway.

Well if they disappear nothing happens to bitcoin.

[S3052]

LOL, now the Bitcoin Foundation is a money transmiter bussines? Cease an desist order here -> http://www.scribd.com/fullscreen/149335233?access_key=key-2lnhtenm4qb1mydngxac&allow_share=false&show_recommendations=false

What a joke, i wonder how they got that misleading info.

can someone explain why they should be a money transmitter?

Because they have created an org that is a central point of contact for money transmission businesses. Remember that whole "centralization is evil" thing? Well they did it anyway.

thanks. got it

[ElectricMucus]

LOL, now the Bitcoin Foundation is a money transmiter bussines? Cease an desist order here -> http://www.scribd.com/fullscreen/149335233?access_key=key-2lnhtenm4qb1mydngxac&allow_share=false&show_recommendations=false

What a joke, i wonder how they got that misleading info.

can someone explain why they should be a money transmitter?

Because they have created an org that is a central point of contact for money transmission businesses. Remember that whole "centralization is evil" thing? Well they did it anyway.

Well if they disappear nothing happens to bitcoin.

Still a pretty crafty piece of work in regards to creating FUD.

[crumbs]

can someone explain why they should be a money transmitter?

Because they have created an org that is a central point of contact for money transmission businesses. Remember that whole "centralization is evil" thing? Well they did it anyway.

^^^ truth.

[ChartBuddy]

[rdsc]

LOL, now the Bitcoin Foundation is a money transmiter bussines? Cease an desist order here -> http://www.scribd.com/fullscreen/149335233?access_key=key-2lnhtenm4qb1mydngxac&allow_share=false&show_recommendations=false

What a joke, i wonder how they got that misleading info.

can someone explain why they should be a money transmitter?

I would guess it's this bit - "engage as a business in facilitating the transfer of money domestically or internationally outside of the conventional financial institutions system"

[Rampion]

LOL, now the Bitcoin Foundation is a money transmiter bussines? Cease an desist order here -> http://www.scribd.com/fullscreen/149335233?access_key=key-2lnhtenm4qb1mydngxac&allow_share=false&show_recommendations=false

What a joke, i wonder how they got that misleading info.

can someone explain why they should be a money transmitter?

Because they got an Avalon batch #1, thus they are mining?

No joke, this is the only activity they "do" that could make them a MSB following the twisted FinCEN regulation, but that reason is so retarded (obviously mining is not THE BF business) that I cannot believe it.

[N12]

Double digits are calling.

[Rampion]

LOL, now the Bitcoin Foundation is a money transmiter bussines? Cease an desist order here -> http://www.scribd.com/fullscreen/149335233?access_key=key-2lnhtenm4qb1mydngxac&allow_share=false&show_recommendations=false

What a joke, i wonder how they got that misleading info.

can someone explain why they should be a money transmitter?

Because they have created an org that is a central point of contact for money transmission businesses. Remember that whole "centralization is evil" thing? Well they did it anyway.

The central point of contact? Pretty absurdly abstract reason to label them as a MSB

[klee]

Fun to lick all these state asses (except of Matonis) and as a payback receive a pile of shitload on your face...

[crumbs]

LOL, now the Bitcoin Foundation is a money transmiter bussines? Cease an desist order here -> http://www.scribd.com/fullscreen/149335233?access_key=key-2lnhtenm4qb1mydngxac&allow_share=false&show_recommendations=false

What a joke, i wonder how they got that misleading info.

can someone explain why they should be a money transmitter?

Because they have created an org that is a central point of contact for money transmission businesses. Remember that whole "centralization is evil" thing? Well they did it anyway.

The central point of contact? Pretty absurdly abstract reason to label them as a MSB

A potent PR move, if nothing else.  

[TheKoziTwo]

Fun to lick all these state asses (except of Matonis) and as a payback receive a pile of shitload on your face...

+1

[Rampion]

Litecoin's alltime high versus Bitcoin of 0.0449 translates into a valuation of 17.96% of BTC market cap, equating Bitcoin's and Litecoin's eventual 21 million and 84 million supplies.

To reach this high again and maintain it, the market would have to believe that Litecoin will surpass/replace Bitcoin, because even if you grant Litecoin the function of a "backup" or "silver" complement, its valuation would be far lower. Do you really want to place your bets on that?

It's simple, all the scamcoins burn out in an eventual peak that they will never again surpass. They are actual bubbles.

Bring it, though. Pump and dump it HARD. The other scamcoins are already standing in line, they too want a piece of the action: https://support.mtgox.com/forums/20514198-Featured-Requests

Seems Blightcoins are valued at 11.64% of Bitcoin right now. Good luck to anyone holding that bag once the hype subsides.

Petty much agree, bought LTC at roughly 0.0025 and planning to dump 90% of my remaining holdings at aprox. 0.03 or higher, which I guess will happen after Gox announces official ETA.

Already cashed out a big chunk between 0.019 and 0.025, as I said earlier I will just keep a few hundreds of LTC to dump them on Gox regardless of the price, only for the lulz honestly as I expect the best time to dump will be shortly before LTC hits Gox.

Why before it hits Gox?

Because normally all the pump&dump scam coins raise before they hit the exchanges, to fall hard as soon as they hit it. I guess everybody buys on the news this or that scam coin will hit an exchange (normally BTC-e), and then everybody immediately dumps it, as all the "investors" are only after the quick buck...

It *may* be different for LTC and Gox, as this exchange has a huge user base that might never use the their exchanges where LTC is traded, and LTC community is orders of magnitude bigger compared to the other coins, but I'm not going to take that risk with the majority of my holdings... Just with a tiny fraction that I will hold for the lulz. I'm assuming people will buy like crazy when there will be an official ETA to Gox, and in my book that's the best time to sell, when everybody is buying enthusiastically and bullishly.

[Rampion]

LOL, now the Bitcoin Foundation is a money transmiter bussines? Cease an desist order here -> http://www.scribd.com/fullscreen/149335233?access_key=key-2lnhtenm4qb1mydngxac&allow_share=false&show_recommendations=false

What a joke, i wonder how they got that misleading info.

can someone explain why they should be a money transmitter?

Because they have created an org that is a central point of contact for money transmission businesses. Remember that whole "centralization is evil" thing? Well they did it anyway.

The central point of contact? Pretty absurdly abstract reason to label them as a MSB

A potent PR move, if nothing else.  

But there is any specific reasons of why they are "transmitting money" in the document? Can't read it all now.