★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit

[CryptoRaver]

lots of good news but only a few buy orders...
everyone waiting for hard fork to happen ? or did i miss something

last few days only 3 btc buy  and 13 btc sell in orderbook

Are you sure it isn't the other way round. It looked like o0o0 picked up about 13 btc of DGB on his own.

And another 10btc incoming soon.

It's getting crowded in the top 5 positions of the richlist

[CryptoRaver]

Cryptsy Lying About Following All State Laws say coinfire.

http://coinfire.io/2015/05/01/cryptsy-lying-about-following-all-state-laws/

[Jumbley]

Cryptsy Lying About Following All State Laws say coinfire.

http://coinfire.io/2015/05/01/cryptsy-lying-about-following-all-state-laws/

I'm not making a big deal out of this at the moment, can anyone tell me why I should? It seems to me that the licensing being talked about in this article is not yet common, if at all in place on any of the exchanges. Big V's reply (see below) to this article seems reasonable to me at this juncture, what am I missing?
 
n response to coinfire

I’d like to make a statement regarding coinfire’s article claiming we are lying about being fully licensed.

First off, we’ve never made any claims about being fully licensed at the state level. I’m unsure where they received their information from, but like every other Bitcoin company in the US, we do not have state level MSB licenses. Are we working to acquire them? Yes, but the process can take years.

There is no company that is fully licensed at the state level in the US. None.

Coinfire claims to have tried contacting us, but I’m unsure the method they were attempting. I’ve not seen anything from them requesting information. Had they asked, we would have told them that we do not have state level licenses – just like anybody else who asks that question. They certainly would not have had to call state by state requesting information because we would have told them we do not carry state licenses.

We do, however, fully comply with our Federal MSB requirements. This includes filing SAR (Suspicous Activity Reports) and CTR (Currency Transaction Reports). We also have one of the most extensive KYC programs in the industry, scrub accounts against the OFAC list, and perform Transaction Monitoring. At a federal level, we are compliant.

Federal compliance is the only claim we have ever made and will make.

I invite the writer at coinfire to contact me so I can show him what we do have, and what we don’t. I’m sure we could chat for hours about the woes of a Bitcoin related company attempting to get licenses from all the states.

It seemed to be a good investigation, but it was based on a false premise.

Paul Vernon
“BigVern”

[24hralttrade]

In my opinion this is a good response by cryptsy and a bad act by coinfire.

[ReSl]

Cryptsy Lying About Following All State Laws say coinfire.

http://coinfire.io/2015/05/01/cryptsy-lying-about-following-all-state-laws/

I'm not making a big deal out of this at the moment, can anyone tell me why I should? It seems to me that the licensing being talked about in this article is not yet common, if at all in place on any of the exchanges. Big V's reply (see below) to this article seems reasonable to me at this juncture, what am I missing?

You shouldn't! They need something to write for the masses! Cryptocurrency licensing is not valid by state or goverment. Takes time.
Meanwhile i just tested Instagiffer and its nice. Get some new funny gifs for promo DGB!

[24hralttrade]

This friday Jared will join the Blocktalk hangout dev edition.

https://twitter.com/alex_sterk/status/595299055107870720
https://twitter.com/alex_sterk/status/592041180990341120

The reason of the spike last week,Allot of thumbs ups for Digibyte.
https://www.youtube.com/watch?v=oTVDMSKnXrA&feature=youtu.be&t=1h25m20s

[ReSl]

This friday Jared will join the Blocktalk hangout dev edition.

https://twitter.com/alex_sterk/status/595299055107870720
https://twitter.com/alex_sterk/status/592041180990341120

The reason of the spike last week,Allot of thumbs ups for Digibyte.
https://www.youtube.com/watch?v=oTVDMSKnXrA&feature=youtu.be&t=1h25m20s

I will watch. Great news!

[Jumbley]

Cryptsy Lying About Following All State Laws say coinfire.

http://coinfire.io/2015/05/01/cryptsy-lying-about-following-all-state-laws/

I'm not making a big deal out of this at the moment, can anyone tell me why I should? It seems to me that the licensing being talked about in this article is not yet common, if at all in place on any of the exchanges. Big V's reply (see below) to this article seems reasonable to me at this juncture, what am I missing?

You shouldn't! They need something to write for the masses! Cryptocurrency licensing is not valid by state or goverment. Takes time.
Meanwhile i just tested Instagiffer and its nice. Get some new funny gifs for promo DGB!

Instagiffer, looks great, now we all should have a go!

[Verias]

make it a competition ? best gif gets some DGB.
although i'm not good @ making gifs.

[CryptoRaver]

Cryptsy Lying About Following All State Laws say coinfire.

http://coinfire.io/2015/05/01/cryptsy-lying-about-following-all-state-laws/

I'm not making a big deal out of this at the moment, can anyone tell me why I should? It seems to me that the licensing being talked about in this article is not yet common, if at all in place on any of the exchanges. Big V's reply (see below) to this article seems reasonable to me at this juncture, what am I missing?

You shouldn't! They need something to write for the masses! Cryptocurrency licensing is not valid by state or goverment. Takes time.
Meanwhile i just tested Instagiffer and its nice. Get some new funny gifs for promo DGB!

Nice gif

[24hralttrade]

Nice 

[malickie]

Actually cryptsy owner is slightly wrong about none of the exchanges having licensing in the US.  Cex.io actually aquired a Money Services Business [MSB] status in FinCEN.  Granted it still has work to get licensing done in every state, Currently it can't work with customers in Alabama, Alaska, Arizona, Arkansas, Colorado, Florida, Georgia, Guam, Idaho, Iowa, Kansas, Louisiana, Maryland, Michigan, Mississippi, Nebraska, New Hampshire, New Jersey, North Carolina, North Dakota, Ohio, Oregon, Tennessee, Texas, U.S. Virgin Islands, Vermont, Virginia, Washington.

Anyway yea just thought I would correct that statement Cryptsy made and yea.

Edit: Actually just Reread what he posted.

"There is no company that is fully licensed at the state level in the US. None."  That is actually correct, as you can see from above of course.  I do think Cex.io is currently the only one with an MSB though I think.  Anyone know of any other's that have an MSB?

[Jumbley]

Actually cryptsy owner is slightly wrong about none of the exchanges having licensing in the US.  Cex.io actually aquired a Money Services Business [MSB] status in FinCEN.  Granted it still has work to get licensing done in every state, Currently it can't work with customers in Alabama, Alaska, Arizona, Arkansas, Colorado, Florida, Georgia, Guam, Idaho, Iowa, Kansas, Louisiana, Maryland, Michigan, Mississippi, Nebraska, New Hampshire, New Jersey, North Carolina, North Dakota, Ohio, Oregon, Tennessee, Texas, U.S. Virgin Islands, Vermont, Virginia, Washington.

Anyway yea just thought I would correct that statement Cryptsy made and yea.

Edit: Actually just Reread what he posted.

"There is no company that is fully licensed at the state level in the US. None."  That is actually correct, as you can see from above of course.  I do think Cex.io is currently the only one with an MSB though I think.  Anyone know of any other's that have an MSB?

Thanks for the update malickie.   

[Jumbley]

Nice 

I always thought the Digibyte promotion video moved too fast for most people to read and take in. Now we can break it down to DigiByte sized chunks. 

[24hralttrade]

http://www.coindesk.com/fincen-director-examiniation-digital-currency/

[HR]

http://www.coindesk.com/fincen-director-examiniation-digital-currency/

About time.

This, of course, can only be good for everything and everyone that's on the up and up, and good riddance to everything and everyone that's not (we can hope anyway  )

[EPLDCC]

You shouldn't! They need something to write for the masses! Cryptocurrency licensing is not valid by state or goverment. Takes time.
Meanwhile i just tested Instagiffer and its nice. Get some new funny gifs for promo DGB!

Hi ReSl.  I really like that GIF you made.  I'm going to test out the Instagifer ... is the globe graphic public domain?  I've never really worried about reproduction rights for my personal stuff - but we would have to be careful if we're stealing IP for commercial use ...

[DigiByte]

Cryptsy Lying About Following All State Laws say coinfire.

http://coinfire.io/2015/05/01/cryptsy-lying-about-following-all-state-laws/

I'm not making a big deal out of this at the moment, can anyone tell me why I should? It seems to me that the licensing being talked about in this article is not yet common, if at all in place on any of the exchanges. Big V's reply (see below) to this article seems reasonable to me at this juncture, what am I missing?
 
n response to coinfire

I’d like to make a statement regarding coinfire’s article claiming we are lying about being fully licensed.

First off, we’ve never made any claims about being fully licensed at the state level. I’m unsure where they received their information from, but like every other Bitcoin company in the US, we do not have state level MSB licenses. Are we working to acquire them? Yes, but the process can take years.

There is no company that is fully licensed at the state level in the US. None.

Coinfire claims to have tried contacting us, but I’m unsure the method they were attempting. I’ve not seen anything from them requesting information. Had they asked, we would have told them that we do not have state level licenses – just like anybody else who asks that question. They certainly would not have had to call state by state requesting information because we would have told them we do not carry state licenses.

We do, however, fully comply with our Federal MSB requirements. This includes filing SAR (Suspicous Activity Reports) and CTR (Currency Transaction Reports). We also have one of the most extensive KYC programs in the industry, scrub accounts against the OFAC list, and perform Transaction Monitoring. At a federal level, we are compliant.

Federal compliance is the only claim we have ever made and will make.

I invite the writer at coinfire to contact me so I can show him what we do have, and what we don’t. I’m sure we could chat for hours about the woes of a Bitcoin related company attempting to get licenses from all the states.

It seemed to be a good investigation, but it was based on a false premise.

Paul Vernon
“BigVern”

We feel this accurately sums everything up. No digital currency company is fully compliant with every state in the US. To be compliant in the US as an exchange a company needs to comply not only with the US federal government but 47/50 States who each have their own set of rules and regulations.

It is a nightmare to wade through the regulations, bonding requirements and compliance requirements in 51 separate jurisdictions. Not to mention you don't know if they will change the rules regarding digital currency and separate them from other money transmitter services like New York has. This is driving a lot of companies to move oversees to places like Hong Kong to at least get off the ground and get started.

To attempt to become compliant in the US you are looking at a minimum net-worth requirement of $21 million with almost $400K (due annually) up front just to get the bond to even begin applying for state money transmitter licenses with no guarantee those will ever be approved. That does not include the attorney fees either which can easily run a few hundred thousand dollars.

This has resulted in a "winner take all" scenario where companies like Coinbase can virtually eliminate all competition.

[Lovethecoins]

This friday Jared will join the Blocktalk hangout dev edition.

https://twitter.com/alex_sterk/status/595299055107870720
https://twitter.com/alex_sterk/status/592041180990341120

The reason of the spike last week,Allot of thumbs ups for Digibyte.
https://www.youtube.com/watch?v=oTVDMSKnXrA&feature=youtu.be&t=1h25m20s

I have been waiting on this for a while! Will be tuning in forsure

[Jumbley]