Hearing on BTC in senate NOW

[Nolo]

Ending statement was really good. too!!  FYI, as posted in another thread.  Coinbase is out of bitcoins to sell.

I've never sold to coinbase.  But about to sell them about 10 as a test.  How long do they take to transfer the funds to my bank account from the time I transfer them the coins?

It is "normal" ACH so usually 3-4 business days (sometimes 2 days it varies by bank).  No faster or slower than any other ACH transfer (Dwolla -> Bank, PayPal-> Bank, etc).

Would you agree that coinbase is as reliable a business to sell my coins to as any, and I shouldn't expect any problems?  (Now that bitcoins are worth so much, I'm almost obsessive compulsive about my security)

(Sorry for the offtopic question, but coinbase was brought up, so I thought I'd ask.)

[applelover]

if anyone wants to sell, sell to me, ill buy now

[Nolo]

Here comes the child porn guy.  Ugh.  

As noble as his mission may be, everyone's pretty much going to need to ignore everything he says with regard to "virtual currencies".

Edit:  Someone named their site "Pedo Empire"??  

2nd Edit:  Although he did comment that bitcoins are traceable and every transaction is public.  Interesting.

[exstasie]

Would it be possible for someone to create a summary of this after?  I gotta go and won't be able to follow it for a bit.

[freethink2013]

I like the way he's publicizing bitcoin is a public ledger.

[freedomno1]

I get Ernie Allens point but its more like
You can't argue against CP so run in fear
That said at least he is addressing the problem with a logical framework

Would it be possible for someone to create a summary of this after?  I gotta go and won't be able to follow it for a bit.

I see a replay on C-Span Stream 1 for 10:30 today
If someone makes a download will totally download it for later


BITCOIN FOUNDATION!!!!

[Nagle]

Pedo guy just finished: "There is a secret Internet for drug deals, assassins, and child pornography".
But then he says that the US shouldn't push virtual currencies underground and offshore to uncooperative governments. "Absolute Internet anonymity is a prescription for catastrophe."

The FinCen person didn't seem too worried about Bitcoin.

Up now, the Bitcoin Foundation speaker.

[DeathAndTaxes]

Ending statement was really good. too!!  FYI, as posted in another thread.  Coinbase is out of bitcoins to sell.

I've never sold to coinbase.  But about to sell them about 10 as a test.  How long do they take to transfer the funds to my bank account from the time I transfer them the coins?

It is "normal" ACH so usually 3-4 business days (sometimes 2 days it varies by bank).  No faster or slower than any other ACH transfer (Dwolla -> Bank, PayPal-> Bank, etc).

Would you agree that coinbase is as reliable a business to sell my coins to as any, and I shouldn't expect any problems?  (Now that bitcoins are worth so much, I'm almost obsessive compulsive about my security)

(Sorry for the offtopic question, but coinbase was brought up, so I thought I'd ask.)

As far as I know most problems have been with BUYING BTC from coinbase not SELLING so you should probably be fine.  Although I don't have a lot of knowledge, I only did a couple of test transactions with them.

[applelover]

this guy from the bitcoin foundation isnt exactly inspiring.

[applelover]

jesus is this bitcoin foundation for real? i could give a better improvised speech

[Bboy360]

Yeah, there is no problem in selling them.  They just can't get enough of them right now.  Someone said in the other thread, that they work like a brokerage.

[Nagan]

this guy from the bitcoin foundation isnt exactly inspiring.

But the chick in the background is.

[Nolo]

this guy from the bitcoin foundation isnt exactly inspiring.

But the chick in the background is.

Most of us weren't going to say it.  But we were all thinking it. 

[applelover]

this is seriously pathetic.  the bitcoin foundation guy is talking more about regulation, and less about the value of bitcoins, than the crime enforcement guys.

[DeathAndTaxes]

Glad to see someone talk about the issue of opening and maintaining bank accounts for Bitcoin related enterprises.   Just about every Bitcoin related company has faced banking challenges.  Banks often close accounts without recourse even when no fraud or illegal activity has occurred.

[freedomno1]

Foundation member please use more spirit

[tom.hashemi]

Foundation member please use more spirit

+1

(though maybe it's a good thing that the face of bitcoin is a little dull)

[applelover]

Foundation member please use more spirit

+1

(though maybe it's a good thing that the face of bitcoin is a little dull)

yeah, and maybe if you lost your leg when a drunk drive slammed into you that would be good cause cause you're upper body would become so strong.  don't be ridiculous.  this guy is an embarrassment.  he's not just a dull speaker, he didn't have any worthwhile content to offer

[freedomno1]

Foundation member please use more spirit

+1

(though maybe it's a good thing that the face of bitcoin is a little dull)

Maybe I think if your at the forefront of history you should be a bit more livid about it
But maybe that's just me

[Nagle]

"Circle Internet Financial"? "Jeremy Allaire", their CEO, is speaking. They were established three weeks ago. They have $9 million in capital from a VC.