Incoming Avalon News 8/9/2013

[Bitcoinorama]

Might be a good idea to contact http://www.teribuhl.com as well.

Teri Buhl is actually pretty awesome and was looking into the WSJ clusterf**k from an investigative journalism stance, she would love to hear about this. She hates ex-Lehman's banksters as well.

[bitcoiner49er]

So YiFu is going to start us down the road of having to resort to government agencies to regulate bitcoin. Instead of being a man, honoring his promises and protecting his customers; he will hide behind the irreversibility and anonymity of bitcoin. Legal action will be required and bitcoin WILL BE regulated in some manner.
Congrats YiFu!! You have forced those who use bitcoin legitimately to show the world that those entrusted with large amounts of bitcoin cannot be trusted to use it legitimately. Great job, this will endear everyone to use bitcoin. 

I don't think Yifu is the one starting legal action or calling the WSJ.

Dumbest response I've ever read.

[lemonte]

Might be a good idea to contact http://www.teribuhl.com as well.

Teri Buhl is actually pretty awesome and was looking into the WSJ clusterf**k from an investigative journalism stance, she would love to hear about this. She hates ex-Lehman's banksters as well.

Agreed, she has guts! A really awesome lady.

[MinermanNC]

So YiFu is going to start us down the road of having to resort to government agencies to regulate bitcoin. Instead of being a man, honoring his promises and protecting his customers; he will hide behind the irreversibility and anonymity of bitcoin. Legal action will be required and bitcoin WILL BE regulated in some manner.
Congrats YiFu!! You have forced those who use bitcoin legitimately to show the world that those entrusted with large amounts of bitcoin cannot be trusted to use it legitimately. Great job, this will endear everyone to use bitcoin. 

I don't think Yifu is the one starting legal action or calling the WSJ.

Dumbest response I've ever read.

Hey I like your new picture! where did you find it? lol,,,

[MinermanNC]

Another Tidbit: nothing to do with yifu or avalon

http://online.wsj.com/article/AP74746148a3f345cfbf5b81767f6022bd.html?KEYWORDS=bitcoin

are the walls closing in?

[mik3]

Man fuck this drama, I just want my refund.

[Bitcoinorama]

Another Tidbit: nothing to do with yifu or avalon

http://online.wsj.com/article/AP74746148a3f345cfbf5b81767f6022bd.html?KEYWORDS=bitcoin

are the walls closing in?

This has everything to do with Yifu and Avalon.

The guy who wrote the article is the same guy that was burnt in last weeks article by their unscrupulous PR exercise. He sounds pretty pissed off about Bitcoin scams and would probably love to know the truth behind why he became part of one and was slipped false info...

[MinermanNC]

Another Tidbit: nothing to do with yifu or avalon

http://online.wsj.com/article/AP74746148a3f345cfbf5b81767f6022bd.html?KEYWORDS=bitcoin

are the walls closing in?

This has everything to do with Yifu and Avalon.

The guy who wrote the article is the same guy that was burnt in last weeks article by their unscrupulous PR exercise. He sounds pretty pissed off about Bitcoin scams and would probably love to know the truth behind why he became part of one and was slipped false info...

ahha I see said the blind man",,,,do you think one of those subpoenas was for yifu/bitsyncom? it didn't say who, i dont think...

[MinermanNC]

Another Tidbit: nothing to do with yifu or avalon

http://online.wsj.com/article/AP74746148a3f345cfbf5b81767f6022bd.html?KEYWORDS=bitcoin

are the walls closing in?

This has everything to do with Yifu and Avalon.

The guy who wrote the article is the same guy that was burnt in last weeks article by their unscrupulous PR exercise. He sounds pretty pissed off about Bitcoin scams and would probably love to know the truth behind why he became part of one and was slipped false info...

Here we go! don't see bitsyncom mentioned.... Bloomberg: http://www.businessweek.com/news/2013-08-12/new-york-subpoenas-bitcoin-firms-in-probe-over-criminal-risk


In addition to BitInstant, Dwolla and Coinsetter, the regulator sent subpoenas to the following service providers: BitPay, Coinabul, Coinbase Inc., CoinLab, eCoin Cashier, Payward, Inc., TrustCash Holdings Inc. and ZipZap, the person said.

Butterfly Labs, a technology company, also received a subpoena, according to the person familiar with the matter.

Christina Hirsch, a spokeswoman for Winklevoss, declined to comment. Margit Wennmachers, a spokeswoman for Andreessen Horowitz, said the firm did not receive a subpoena. Bloomberg LP is an investor in Andreessen Horowitz.

In addition to Winklevoss Capital and Andreessen Horowitz, DFS sent subpoenas to the following investor groups: Bitcoin Opportunity Fund, Boost VC Bitcoin Fund, Founders Fund, Google Ventures, Lightspeed Venture Partners, Tribeca Venture Partners, Tropos Funds and Union Square Ventures, the person said.

Reeling in all the big names?

[Xian01]

Another Tidbit: nothing to do with yifu or avalon

http://online.wsj.com/article/AP74746148a3f345cfbf5b81767f6022bd.html?KEYWORDS=bitcoin

are the walls closing in?

This has everything to do with Yifu and Avalon.

The guy who wrote the article is the same guy that was burnt in last weeks article by their unscrupulous PR exercise. He sounds pretty pissed off about Bitcoin scams and would probably love to know the truth behind why he became part of one and was slipped false info...

Here we go! don't see bitsyncom mentioned.... Bloomberg:


In addition to BitInstant, Dwolla and Coinsetter, the regulator sent subpoenas to the following service providers: BitPay, Coinabul, Coinbase Inc., CoinLab, eCoin Cashier, Payward, Inc., TrustCash Holdings Inc. and ZipZap, the person said.

Butterfly Labs, a technology company, also received a subpoena, according to the person familiar with the matter.

 What ?

http://www.bloomberg.com/news/2013-08-12/n-y-regulator-subpoenas-firms-over-bitcoin-crime-risks.html

 Well goddamn...

[cpengr]

So YiFu is going to start us down the road of having to resort to government agencies to regulate bitcoin. Instead of being a man, honoring his promises and protecting his customers; he will hide behind the irreversibility and anonymity of bitcoin. Legal action will be required and bitcoin WILL BE regulated in some manner.
Congrats YiFu!! You have forced those who use bitcoin legitimately to show the world that those entrusted with large amounts of bitcoin cannot be trusted to use it legitimately. Great job, this will endear everyone to use bitcoin. 

I don't think Yifu is the one starting legal action or calling the WSJ.

I do think he jumped to a conclusion (as the WSJ article didn't mention Avalon/Bitsyncom, but did mention others).

However, it seems clear to me that bitocoiner49er meant that Yifu's misdeeds require outside (i.e. government) help to rectify the situation--not that he was pursuing these things. Did you pretended to misunderstand him?

[bit_wizard]

Keep'r on track boys!

[User705]

Another Tidbit: nothing to do with yifu or avalon

http://online.wsj.com/article/AP74746148a3f345cfbf5b81767f6022bd.html?KEYWORDS=bitcoin

are the walls closing in?

This has everything to do with Yifu and Avalon.

The guy who wrote the article is the same guy that was burnt in last weeks article by their unscrupulous PR exercise. He sounds pretty pissed off about Bitcoin scams and would probably love to know the truth behind why he became part of one and was slipped false info...

Here we go! don't see bitsyncom mentioned.... Bloomberg: http://www.businessweek.com/news/2013-08-12/new-york-subpoenas-bitcoin-firms-in-probe-over-criminal-risk


In addition to BitInstant, Dwolla and Coinsetter, the regulator sent subpoenas to the following service providers: BitPay, Coinabul, Coinbase Inc., CoinLab, eCoin Cashier, Payward, Inc., TrustCash Holdings Inc. and ZipZap, the person said.

Butterfly Labs, a technology company, also received a subpoena, according to the person familiar with the matter.

Christina Hirsch, a spokeswoman for Winklevoss, declined to comment. Margit Wennmachers, a spokeswoman for Andreessen Horowitz, said the firm did not receive a subpoena. Bloomberg LP is an investor in Andreessen Horowitz.

In addition to Winklevoss Capital and Andreessen Horowitz, DFS sent subpoenas to the following investor groups: Bitcoin Opportunity Fund, Boost VC Bitcoin Fund, Founders Fund, Google Ventures, Lightspeed Venture Partners, Tribeca Venture Partners, Tropos Funds and Union Square Ventures, the person said.

Reeling in all the big names?

anyone naive enough to associate their real name with any significant bitcoin operation will be unpleasantly surprised.  Bitcoin is completely incompatible with modern western banking and legal systems.  

[frankenmint]

wow I read both pages on their socalled flipboard site - all I can say is womp womp!!!!!  all you silly dummies that said "group buy group buy!"  all just got fucked...spamming this elsewhere now.

[Milan77]

More news coming!

[hellfrozenow]

anyone naive enough to associate their real name with any significant bitcoin operation will be unpleasantly surprised.  Bitcoin is completely incompatible with modern western banking and legal systems. 

I would say

 Bitcoin is completely incompatible with banking and legal systems. 

instead

[driksson]

anyone naive enough to associate their real name with any significant bitcoin operation will be unpleasantly surprised.  Bitcoin is completely incompatible with modern western banking and legal systems.  

I would say

 Bitcoin is completely incompatible with banking and legal systems.  

instead

So what you are saying, you can create a company, and if you charge by using bitcoins, no legal system can touch you?
Are you then also incorporating your company in bitcoinland?
If you have a corporation, it will be legislated by local goverment jurisdiction. No matter what monetary transactions you use to charge your clients.
Then yes, bitcoins has some control issues (kyc, and anonymous illegal transactions) and this is what governments are adressing.
The wallets, are slowly abiding by banking regulations, requiring kyc from you (passport and proof of address), this would then make it more legit in terms of regulations.
Corporations does not become lawless on the mere fact of being a bitcoin business..

[Vigil]

anyone naive enough to associate their real name with any significant bitcoin operation will be unpleasantly surprised.  Bitcoin is completely incompatible with modern western banking and legal systems.  

I would say

 Bitcoin is completely incompatible with banking and legal systems.  

instead

So what you are saying, you can create a company, and if you charge by using bitcoins, no legal system can touch you?
Are you then also incorporating your company in bitcoinland?
If you have a corporation, it will be legislated by local goverment jurisdiction. No matter what monetary transactions you use to charge your clients.
Then yes, bitcoins has some control issues (kyc, and anonymous illegal transactions) and this is what governments are adressing.
The wallets, are slowly abiding by banking regulations, requiring kyc from you (passport and proof of address), this would then make it more legit in terms of regulations.
Corporations does not become lawless on the mere fact of being a bitcoin business..

What wallet requires your address or passport?

[Bitcoinorama]

Credit Cards, secured payments and what you as buyers should be looking for...

Common sense advice!

https://bitcointalk.org/index.php?topic=272891.0

[driksson]

anyone naive enough to associate their real name with any significant bitcoin operation will be unpleasantly surprised.  Bitcoin is completely incompatible with modern western banking and legal systems.  

I would say

 Bitcoin is completely incompatible with banking and legal systems.  

instead

So what you are saying, you can create a company, and if you charge by using bitcoins, no legal system can touch you?
Are you then also incorporating your company in bitcoinland?
If you have a corporation, it will be legislated by local goverment jurisdiction. No matter what monetary transactions you use to charge your clients.
Then yes, bitcoins has some control issues (kyc, and anonymous illegal transactions) and this is what governments are adressing.
The wallets, are slowly abiding by banking regulations, requiring kyc from you (passport and proof of address), this would then make it more legit in terms of regulations.
Corporations does not become lawless on the mere fact of being a bitcoin business..

What wallet requires your address or passport?

Bitstamp and Mtgox. Especially for sepa transfers..