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mechs
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September 30, 2013, 03:58:57 AM |
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With only increasing regulatory scruitiny, it is more likely than not that bitfunder and haverlock will go the same way as btct.
Havelock is in Canada where regulators have given bitcoin a pass. All they need to do is make an attempt to dissuade U.S. citizens from investing. How can you do that without asking for identification verification and noone will want to give that out |
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jboogie
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Activity: 38
Merit: 0
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September 30, 2013, 07:43:49 AM |
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With only increasing regulatory scruitiny, it is more likely than not that bitfunder and haverlock will go the same way as btct.
Havelock is in Canada where regulators have given bitcoin a pass. All they need to do is make an attempt to dissuade U.S. citizens from investing. How can you do that without asking for identification verification and noone will want to give that out isn't it enough, from a legal point of view, to block USA's ip addresses? |
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mechs
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September 30, 2013, 08:27:14 AM |
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With only increasing regulatory scruitiny, it is more likely than not that bitfunder and haverlock will go the same way as btct.
Havelock is in Canada where regulators have given bitcoin a pass. All they need to do is make an attempt to dissuade U.S. citizens from investing. How can you do that without asking for identification verification and noone will want to give that out isn't it enough, from a legal point of view, to block USA's ip addresses? Unclear, it is up the discretion of the SEC and FinCen. It is trivial afterall to bypass blocking US IPs via Tor or VPNs. |
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CMMPro
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September 30, 2013, 11:55:38 AM |
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In all likelihood it would just be part of a check box questionnaire when you register to become a "qualified investor".
Even with IP/ISP blocks you will get a few percent of US customers using a vpn to get what they want.
There are blacklists of countries IP address ranges you can add to the HTAccess file on the server.
When I had my business I never sold to some countries due to the nature of the product, since they were making up a lot of my bandwidth attempting to hack my ecommerce site I just blocked them. It cut down on 99% of hacking attempts. The remainder were likely using a proxy/vpn to try to get to it.
Interestingly here in Canada they are going to try their own crypto "Mintchip" this year....so it would be pretty hypocritical to ban cryptos and try to produce your own. (I wouldn't put it past our asshat PM to try to do so though.) I think this is why they are staying so open to the idea of crypto currencies.
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mechs
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September 30, 2013, 05:06:07 PM |
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In all likelihood it would just be part of a check box questionnaire when you register to become a "qualified investor".
Even with IP/ISP blocks you will get a few percent of US customers using a vpn to get what they want.
There are blacklists of countries IP address ranges you can add to the HTAccess file on the server.
When I had my business I never sold to some countries due to the nature of the product, since they were making up a lot of my bandwidth attempting to hack my ecommerce site I just blocked them. It cut down on 99% of hacking attempts. The remainder were likely using a proxy/vpn to try to get to it.
Interestingly here in Canada they are going to try their own crypto "Mintchip" this year....so it would be pretty hypocritical to ban cryptos and try to produce your own. (I wouldn't put it past our asshat PM to try to do so though.) I think this is why they are staying so open to the idea of crypto currencies.
Mintchip is not crypto currency, it is digital centralized digital currency backed by the canadian gov |
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Esh
Newbie
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Activity: 13
Merit: 0
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September 30, 2013, 05:37:04 PM
Last edit: September 30, 2013, 05:54:14 PM by Esh |
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Mintchip is not crypto currency, it is digital centralized digital currency backed by the canadian gov
Mintchip is not, in fact, a currency at all but a platform for spending fiat using blockchain inspired infrastructure (including digital signing). The Mintchip itself is the hardware on which the platform operates. |
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User705
Legendary
Offline
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
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October 01, 2013, 07:42:36 AM |
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With only increasing regulatory scruitiny, it is more likely than not that bitfunder and haverlock will go the same way as btct.
Havelock is in Canada where regulators have given bitcoin a pass. All they need to do is make an attempt to dissuade U.S. citizens from investing. How can you do that without asking for identification verification and noone will want to give that out Simple. Say we don't accept USA customers and that's it. 1000s of gambling websites do this now. |
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ex-trader
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October 01, 2013, 01:46:23 PM |
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Mintchip is not crypto currency, it is digital centralized digital currency backed by the canadian gov
Mintchip is not, in fact, a currency at all but a platform for spending fiat using blockchain inspired infrastructure (including digital signing). The Mintchip itself is the hardware on which the platform operates. Sounds perfect, best of both worlds. Ability to transact at small cost very quickly anywhere, but with a stable currency value. Just imagine the US unveiling it's own cyber-currency, Bitcoin game over...... |
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lophie
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October 01, 2013, 01:51:00 PM |
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Mintchip is not crypto currency, it is digital centralized digital currency backed by the canadian gov
Mintchip is not, in fact, a currency at all but a platform for spending fiat using blockchain inspired infrastructure (including digital signing). The Mintchip itself is the hardware on which the platform operates. Sounds perfect, best of both worlds. Ability to transact at small cost very quickly anywhere, but with a stable currency value. Just imagine the US unveiling it's own cyber-currency, Bitcoin game over...... Not really. It would be just a crypto with a generation backed by the FED. Same shit in different form. Like they say, "It is like shit on a silver platter, Shines!" |
Will take me a while to climb up again, But where is a will, there is a way...
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BitThink
Legendary
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Activity: 882
Merit: 1000
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October 01, 2013, 02:17:37 PM |
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Anyone knows the reason of today's dump?
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talz0r
Newbie
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Activity: 43
Merit: 0
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October 01, 2013, 02:36:27 PM |
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Is ASICMINER ever going to stop going down?
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BitHub
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October 01, 2013, 02:38:18 PM |
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VanCleef you bastard
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ronaldlee0917
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October 01, 2013, 02:38:41 PM |
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Is ASICMINER ever going to stop going down?
Yes, but only when competition is going down. |
Donation: 18zXsfnSvGjQFJ6pEiKMg2uWGcxUCfJLzu Mastercoin - A new protocol layer built on top of Bitcoin |
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mechs
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October 01, 2013, 06:02:00 PM |
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Is ASICMINER ever going to stop going down?
I think this ends at 0 if they fall enough behind that their miners unprofitable to produce. |
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mechs
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October 01, 2013, 06:04:21 PM |
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Currently at 1.1BTC. My wager: we hit 0.55BTC on any of the three (soon to be two) main exchanges - haverlock, bitfunder or btct before we hit 2.2BTC. Basically I bet we will go down 50% before we double. Anyone want to take that bet for 1BTC?
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tarmi
Legendary
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Activity: 1232
Merit: 1011
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October 01, 2013, 06:12:39 PM |
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Currently at 1.1BTC. My wager: we hit 0.55BTC on any of the three (soon to be two) main exchanges - haverlock, bitfunder or btct before we hit 2.2BTC. Basically I bet we will go down 50% before we double. Anyone want to take that bet for 1BTC?
I think it will go even lower. |
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KarmaShark
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October 01, 2013, 06:13:23 PM |
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Currently at 1.1BTC. My wager: we hit 0.55BTC on any of the three (soon to be two) main exchanges - haverlock, bitfunder or btct before we hit 2.2BTC. Basically I bet we will go down 50% before we double. Anyone want to take that bet for 1BTC?
I think it will go even lower. Ditto. |
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mechs
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October 01, 2013, 06:55:42 PM |
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Currently at 1.1BTC. My wager: we hit 0.55BTC on any of the three (soon to be two) main exchanges - haverlock, bitfunder or btct before we hit 2.2BTC. Basically I bet we will go down 50% before we double. Anyone want to take that bet for 1BTC?
I think it will go even lower. Ditto. Listen, if they fall so behind they can neither sell or mine at a profit, they will go to 0 after they pay out any residual profits in a final dividend. This really is a all-or-none situation hence the volatility |
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KarmaShark
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October 01, 2013, 07:23:20 PM |
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Currently at 1.1BTC. My wager: we hit 0.55BTC on any of the three (soon to be two) main exchanges - haverlock, bitfunder or btct before we hit 2.2BTC. Basically I bet we will go down 50% before we double. Anyone want to take that bet for 1BTC?
I think it will go even lower. Ditto. Listen, if they fall so behind they can neither sell or mine at a profit, they will go to 0 after they pay out any residual profits in a final dividend. This really is a all-or-none situation hence the volatility Makes sense to me. I personally believe that AM will not hit 0, they will pull something out and manage to hold a spot at the Big Boys table. The amount of time it takes them to establish that could easily bring the price below 0.5฿. This is make or break and the price is screaming that reality. |
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GodHatesFigs
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October 01, 2013, 07:32:12 PM |
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Goodbye, ASICMiner - everyone that has bought your products has lost money; now it's time to die.
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