Bogart
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Activity: 966
Merit: 1000
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August 08, 2013, 01:02:11 PM |
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I can see the headlines in the morning.
"Avalon is joining forces with BFL"
Since Yifu tells us he is alive, he must not have committed seppuku yet, so that can't be it. |
"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S." - President F.D. Roosevelt, 1933
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If you want to be a moderator, report many posts with accuracy. You will be noticed.
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iikun
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Activity: 1062
Merit: 1003
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August 08, 2013, 01:05:09 PM |
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I can see the headlines in the morning.
"Avalon is joining forces with BFL"
Since Yifu tells us he is alive, he must not have committed seppuku yet, so that can't be it. well, except that is a Japanese thing so...  |
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Xialla
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Activity: 1036
Merit: 1000
/dev/null
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August 08, 2013, 01:06:43 PM |
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pikeadz
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August 08, 2013, 01:08:21 PM |
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all you spineless people posting "good to hear form you, yifu" or "I'm glad you are alive, yifu :* " should stop licking his ass, get some balls, he's not treating you anyway better now. If those news aren't good news I'm in to pay a bad-ass-lawyer that rips his ass. PM me.
Seriously... let's just wait and see what the news is. It could be as simple as "I met a wonderful woman and impregnated her." I mean, that would be good news, and we should all be happy for them. Let's not assume the worst, folks.  |
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pikeadz
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August 08, 2013, 01:10:36 PM |
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To be fair, that is one Federal court in the Eastern District of Texas. It was not a SCOTUS ruling so it is not the law of the land. |
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plasmoske
Sr. Member
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Activity: 308
Merit: 251
The realist
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August 08, 2013, 01:12:06 PM |
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Step 1. Post an announcement that there will be news tomorrow. Step 2. Wait. Step 3. Come back (Log back in) and read all the possible reasons people have come up with. (Lost private key, Team issues, Testing chips etc) Step 4. Select the most minimal damaging scenario/reason and rewrite it into positive news. Step 5. Sleep Step 6. Post the news.  |
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zurg
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August 08, 2013, 01:17:46 PM |
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Yeah, and while walking off the plane, I tripped and fell ... oh, and now I don't remember who you guys are and what do you want from me. |
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ibminer
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Activity: 1816
Merit: 2787
Goonies never say die.
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August 08, 2013, 01:19:03 PM |
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To be fair, that is one Federal court in the Eastern District of Texas. It was not a SCOTUS ruling so it is not the law of the land. Ya, but I would assume any federal court would see it the same way ? It is clear that Bitcoin can be used as money. It can be used to purchase goods or services, and as Shavers stated, used to pay for individual living expenses [..] However, it can also be exchanged for conventional currencies, such as the U.S. dollar, Euro, Yen, and Yuan. Therefore, Bitcoin is a currency or form of money, and investors wishing to invest in BTCST provided an investment of money.
As long as that statement continues to hold true (which it will), I would assume other federal courts would see it the same way... or am I way off base here? (not a lawyer by any means... because most of them are SCUM  - but most lawyers would show this case as an example to any federal judge and that federal judge would likely come to the same determination?) Nonetheless, if this story is true, and this ruling happened on Tuesday... it may explain the knee-jerk reaction for Yifu to calm people down before they start seeking legal action, and he needs some time to come up with an update that will appease everyone... I can't wait to see the update - between this thread and Yifu's picture with his new found friends, I am disgusted |
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Bitcoinorama
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August 08, 2013, 01:21:19 PM
Last edit: August 08, 2013, 01:44:48 PM by Bitcoinorama |
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To be fair, that is one Federal court in the Eastern District of Texas. It was not a SCOTUS ruling so it is not the law of the land. Ya, but I would assume any federal court would see it the same way ? It is clear that Bitcoin can be used as money. It can be used to purchase goods or services, and as Shavers stated, used to pay for individual living expenses [..] However, it can also be exchanged for conventional currencies, such as the U.S. dollar, Euro, Yen, and Yuan. Therefore, Bitcoin is a currency or form of money, and investors wishing to invest in BTCST provided an investment of money.
As long as that statement continues to hold true (which it will), I would assume other federal courts would see it the same way... or am I way off base here? (not a lawyer by any means... because most of them are SCUM - but most judges and lawyers would show this case as an example to any federal judge and that federal judge would likely come to the same determination) Nonetheless, if this story is true, and this ruling happened on Tuesday... it may explain the knee-jerk reaction for Yifu to calm people down before they start seeking legal action, and he needs some time to come up with an update that will appease everyone... I can't wait to see the update - between this thread and Yifu's picture with his new found friends, I am disgusted  http://ia800904.us.archive.org/35/items/gov.uscourts.txed.146063/gov.uscourts.txed.146063.23.0.pdf |
Make my day! Say thanks if you found me helpful BTC Address ---> 1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp |
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jspielberg
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August 08, 2013, 01:23:46 PM |
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Frankly this seems like bigger news than whatever Yifu decides to share today/tomorrow. |
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ftping
Full Member
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Activity: 183
Merit: 100
200 OK
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August 08, 2013, 01:26:05 PM |
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all you spineless people posting "good to hear form you, yifu" or "I'm glad you are alive, yifu :* " should stop licking his ass, get some balls, he's not treating you anyway better now. If those news aren't good news I'm in to pay a bad-ass-lawyer that rips his ass. PM me.
Lol @ spineless. Because flaming him on the board is going to get you far, genius. |
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SebastianJu
Legendary
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Activity: 2674
Merit: 1082
Legendary Escrow Service - Tip Jar in Profile
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August 08, 2013, 01:29:31 PM |
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The terms for the chip deal actually said the chips would be tested, and some people were wondering if the delay was caused by Bitsyncom having trouble getting all the chips tested.
Supposedly there are at least 2.1 million chips, something like 700Gh/s worth. Twice the current network hash rate.
So obviously they're not all being used. Yet.
Avalon doesnt need to test the chips, the foundry did this already. Its not doable to check 10000 of chips when you see how they are packaged. There are practically no dead chips. Burnin even will replace dead chips out of his own pocket so sure he is that they work all. |
Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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miter_myles
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August 08, 2013, 01:31:05 PM |
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BTC - 1D7g5395bs7idApTx1KTXrfDW7JUgzx6Z5
LTC - LVFukQnCWUimBxZuXKqTVKy1L2Jb8kZasL
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Milan77
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August 08, 2013, 01:58:32 PM |
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People are pissed Yifu, and sweet talk ain't going to cut it...  THIS. I wish to stuck him on a non-greased wooden stake. |
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nightengale
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August 08, 2013, 02:01:16 PM |
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And he's just strung us all along for a few more hours.
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pikeadz
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August 08, 2013, 02:07:44 PM |
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To be fair, that is one Federal court in the Eastern District of Texas. It was not a SCOTUS ruling so it is not the law of the land. Ya, but I would assume any federal court would see it the same way ? Possibly, but it is far from certain. There are almost 100 federal district courts. Those are the bottom of the totem pole. Then there are 13 appellate courts. And then there is the Supreme Court. They exist because the lower courts don't always agree. Arguments can be made both ways. I agree it is a currency, but I think Bitcoinorama's post was misleading because it is not a universal law in this country (yet). |
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Bitcoinorama
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August 08, 2013, 02:10:32 PM |
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To be fair, that is one Federal court in the Eastern District of Texas. It was not a SCOTUS ruling so it is not the law of the land. Ya, but I would assume any federal court would see it the same way ? Possibly, but it is far from certain. There are almost 100 federal district courts. Those are the bottom of the totem pole. Then there are 13 appellate courts. And then there is the Supreme Court. They exist because the lower courts don't always agree. Arguments can be made both ways. I agree it is a currency, but I think Bitcoinorama's post was misleading because it is not a universal law in this country (yet). Sorry, I'm not familiar with the US system and I just got pinged by email as the alert triggered. I'm in the UK. Tech Crunch has a piece; http://techcrunch.com/2013/08/07/bitcoin-clampdown-continues-as-federal-judge-says-its-a-currency/ |
Make my day! Say thanks if you found me helpful BTC Address ---> 1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp |
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Loredo
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August 08, 2013, 02:25:04 PM |
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Actually, B, if you read the court document, it doesn't say bitcoin is a currency. What it says is that the shares of Pirate were securities under the US Federal Securities Act (the '33 Act, IIRC). This was in response to a motion by Pirate's lawyers' that the SEC lacked jurisdiction because Pirate's ponzi wasn't a security. I'm in a rush right now, but I can get a link to the original in a while. But don't listen to what these "journalists" and bloggers say. We learned that the other day, right? |
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Bitcoinorama
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August 08, 2013, 02:29:52 PM
Last edit: August 08, 2013, 02:40:17 PM by Bitcoinorama |
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Actually, B, if you read the court document, it doesn't say bitcoin is a currency. What it says is that the shares of Pirate were securities under the US Federal Securities Act (the '33 Act, IIRC). This was in response to a motion by Pirate's lawyers' that the SEC lacked jurisdiction because Pirate's ponzi wasn't a security. I'm in a rush right now, but I can get a link to the original in a while. But don't listen to what these "journalists" and bloggers say. We learned that the other day, right? Umm this is a submitted court record from a US Gov site where it states and explain what in 'investment contract' is, why Bitcoin IS a currency, and what defines a 'common enterprise'. I cut out the bit about the definition of a security, that was the line before and irrelevant to this. Here's the link to the entire doc; http://ia800904.us.archive.org/35/items/gov.uscourts.txed.146063/gov.uscourts.txed.146063.23.0.pdfIt's pretty damn specific! I just don't know have any knowledge of state/federal. Still let's just wait and hear what has to be said... |
Make my day! Say thanks if you found me helpful BTC Address ---> 1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp |
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