[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency

[shojayxt]

The new New York regulations, which will likely be adopted by other States once tested and updated, will soon capture online gambling sites that primarily use Bitcoin.

Here is why:

s.200.2

(m) Virtual Currency means any type of digital unit that is used as a medium of exchange or a form of digitally stored value or that is incorporated into payment system technology. Virtual Currency shall be broadly construed to include digital units of exchange that

(i) have a centralized repository or administrator;
(ii) are decentralized and have no centralized repository or administrator; or
(iii) may be created or obtained by computing or manufacturing effort.

Virtual Currency shall not be construed to include digital units that are used solely within online gaming platforms with no market or application outside of those gaming platforms...

Because Bitcoin can be used for other things than online gaming, it becomes a virtual currency. That means it can be captured by the online gaming laws in the USA, Unlawful Internet Gambling Enforcement Act of 2006.

If you offer online gambling using crypto and a US Citizen uses the services, then the operators of the online crypto gambling site will be arrested unless you get a licence in concert with a physical casino operation that is already regulated.

The lack of privacy in Crypto means that users can be traced and it can easily be proven that overseas gaming sites are allowing US Citizen to gamble. If you run such online gaming sites, those crypto coins you take as profits will follow you around until you set foot on US soil or come under extradition requests.

Here is the thing, given the demographics of the crypto space and the popularity of online gambling, there will be a lot of people caught by these regulations.

Operators around the world will no doubt have their details added to Federal arrest warrants. Users of online gambling, including sports betting and poker, are also potentially at risk of arrest.



Yeah, good luck with that non-anonymous payment option you're using.


Timeline: Internet Poker and the Law
http://www.washingtonpost.com/wp-srv/investigations/poker/time.html

Like I've said before.  Darkcoin will be used mainly to do things that are against the law.  So you just made a case for using Darkcoin to break the law and proved my point.  

Lets see an example of a mainstream merchant like Dell accepting Darkcoin?  Oh wait they process Bitcoin transactions through coinbase which falls under FinCen regulations.  I'm sure that they will be quick to adopt DRK.  Not!  

But hey, a bunch of gambling addicts will be able to gamble online without getting in trouble.  That's the future of Darkcoin.  Nefarious activities.  Not mainstream adoption.

[coins101]

How many master nodes we have available (online)...

Bitcoin Nodes



DarkSend Nodes



The Futures Bright, The Futures DRK

https://drk.mn/masternodes.html



Been quiet around here recently.....busy little DRK bees, being busy, busy, busy setting up Master Nodes

Methinks the troll doth protest too much

Now 849 Master Nodes

[CryptoPleb]

But hey, a bunch of gambling addicts will be able to gamble online without getting in trouble.  That's the future of Darkcoin.  Nefarious activities.  Not mainstream adoption.

You have a problem with people gambling online? What about at a casino?

[coins101]

The new New York regulations, which will likely be adopted by other States once tested and updated, will soon capture online gambling sites that primarily use Bitcoin.

Here is why:

s.200.2

(m) Virtual Currency means any type of digital unit that is used as a medium of exchange or a form of digitally stored value or that is incorporated into payment system technology. Virtual Currency shall be broadly construed to include digital units of exchange that

(i) have a centralized repository or administrator;
(ii) are decentralized and have no centralized repository or administrator; or
(iii) may be created or obtained by computing or manufacturing effort.

Virtual Currency shall not be construed to include digital units that are used solely within online gaming platforms with no market or application outside of those gaming platforms...

Because Bitcoin can be used for other things than online gaming, it becomes a virtual currency. That means it can be captured by the online gaming laws in the USA, Unlawful Internet Gambling Enforcement Act of 2006.

If you offer online gambling using crypto and a US Citizen uses the services, then the operators of the online crypto gambling site will be arrested unless you get a licence in concert with a physical casino operation that is already regulated.

The lack of privacy in Crypto means that users can be traced and it can easily be proven that overseas gaming sites are allowing US Citizen to gamble. If you run such online gaming sites, those crypto coins you take as profits will follow you around until you set foot on US soil or come under extradition requests.

Here is the thing, given the demographics of the crypto space and the popularity of online gambling, there will be a lot of people caught by these regulations.

Operators around the world will no doubt have their details added to Federal arrest warrants. Users of online gambling, including sports betting and poker, are also potentially at risk of arrest.



Yeah, good luck with that non-anonymous payment option you're using.


Timeline: Internet Poker and the Law
http://www.washingtonpost.com/wp-srv/investigations/poker/time.html

Yes, I know online gaming is legal in many countries around the world and the USA banned it because of vested interests paying off law makers.

But, lets ignore the whole world for the sake of trolling.

I am after all, crypto cancer here for the destruction of all crypto.

I agree with you 100%

[Macno]

Like I've said before.  Darkcoin will be used mainly to do things that are against the law.  So you just made a case for using Darkcoin to break the law and proved my point.  

Lets see an example of a mainstream merchant like Dell accepting Darkcoin?  Oh wait they process Bitcoin transactions through coinbase which falls under FinCen regulations.  I'm sure that they will be quick to adopt DRK.  Not!  

But hey, a bunch of gambling addicts will be able to gamble online without getting in trouble.  That's the future of Darkcoin.  Nefarious activities.  Not mainstream adoption.

I did not follow the whole discussion but I don`t quite get the fuss and name-calling. I actually agree with shojayxt in general and I`m absolutely fine with that.
The only term I would oppose is "nefarious", as I do not see gambling or drug consumption or the wish for financial privacy or some other victimless "crimes" as "nefarious" , but that`s a matter of taste. To hope for mainstream adoption for DRK seems pretty far fetched to me but again, I do not care. I have BTC for that.
My only concern would be that another anon-coin takes the lead and DRK becomes Betamax while XYZ-Coin becomes VHS.

[shojayxt]

Now 849 Master Nodes

And yet the value continues to go down.  I'm not going to go back and find the posts but there were many saying that more masternodes would increase the price.  That was the argument used to justify taking 20% from the miners.

I wonder how the miners feel now?  They get 20% less of the coins they mine and the value has declined significantly even though you guys went on and on about more masternodes means increase in DRK value.  Why hasn't the value gone up?  Care to answer that question?  Sounds like all that talk was just more nonsense.  There have been so many false promises coming from DRK fanboys that it's impossible to keep track of it all.  

[coins101]

Like I've said before.  Darkcoin will be used mainly to do things that are against the law.  So you just made a case for using Darkcoin to break the law and proved my point.  

Lets see an example of a mainstream merchant like Dell accepting Darkcoin?  Oh wait they process Bitcoin transactions through coinbase which falls under FinCen regulations.  I'm sure that they will be quick to adopt DRK.  Not!  

But hey, a bunch of gambling addicts will be able to gamble online without getting in trouble.  That's the future of Darkcoin.  Nefarious activities.  Not mainstream adoption.

I did not follow the whole discussion but I don`t quite get the fuss and name-calling. I actually agree with shojayxt in general and I`m absolutely fine with that.
The only term I would oppose is "nefarious", as I do not see gambling or drug consumption or the wish for financial privacy or some other victimless "crimes" as "nefarious" , but that`s a matter of taste. To hope for mainstream adoption for DRK seems pretty far fetched to me but again, I do not care. I have BTC for that.
My only concern would be that another anon-coin takes the lead and DRK becomes Betamax while XYZ-Coin becomes VHS.

QED

That is why the trolls are here. Not because they care about putting the world to rights, but putting their agenda on the map.

We have seen them all here, undermining DRK because they have been paid to troll or they have stakes elsewhere.

Why would you expend so much energy, practically every minute of the day posting in a crypto forum?

QED, thank you.

[Lauda]

QED

That is why the trolls are here. Not because they care about putting the world to rights, but putting their agenda on the map.

We have seen them all here, undermining DRK because they have been paid to troll or they have stakes elsewhere.

Why would you expend so much energy, practically every minute of the day posting in a crypto forum?

QED, thank you.

Exactly. Doing something like this is just wrong, illogical or however you want to describe it -going from altcoin to altcoin and trolling/spreading negativity in their respective threads. It's best not to quote them, but to quote updates from the forum.
 

[humanitee]

Now 849 Master Nodes

This user is currently ignored.

It's almost like a few months isn't a long enough time to gauge how a feature will effect the price on a coin that isn't out of development.

Weird.

Simple supply and demand says that it will help the price, regardless of your posturing.

[Macno]

QED

That is why the trolls are here. Not because they care about putting the world to rights, but putting their agenda on the map.

We have seen them all here, undermining DRK because they have been paid to troll or they have stakes elsewhere.

Why would you expend so much energy, practically every minute of the day posting in a crypto forum?

QED, thank you.

I am missing you here. What did I demonstrate? That I am a troll or that shoyax is a troll who wants to undermine DRK in favor of another Anon Coin?

[patrolman]

But hey, a bunch of gambling addicts will be able to gamble online without getting in trouble.  That's the future of Darkcoin.  Nefarious activities.  Not mainstream adoption.

You have a problem with people gambling online? What about at a casino?

That's a great point you've brought up and I think it clearly illustrates that the main problem with online gambling for the government is that they won't get their cut if a US citizen chooses to gamble on a site hosted outside the US. Shock! Horror! How nefarious!

[coins101]

QED

That is why the trolls are here. Not because they care about putting the world to rights, but putting their agenda on the map.

We have seen them all here, undermining DRK because they have been paid to troll or they have stakes elsewhere.

Why would you expend so much energy, practically every minute of the day posting in a crypto forum?

QED, thank you.

I am missing you here. What did I demonstrate? That I am a troll or that shoyax is a troll who wants to undermine DRK in favor of another Anon Coin?

that shoyax et al is a troll who wants to undermine DRK in favor of another Anon Coin

[Macno]

that shoyax et al is a troll who wants to undermine DRK in favor of another Anon Coin

Aren`t you overestimating his power? And doesn`t he write stuff which is directed against ANY anon coin?

[coins101]

Now 849 Master Nodes

It's almost like a few months isn't a long enough time to gauge how a feature will effect the price on a coin that isn't out of development.

Weird.

Simple supply and demand says that it will help the price, regardless of your posturing.

I'm not posturing. I'm in awe.

I said yesterday that around 10% of Bitcoin Nodes was enough for this stage of development compared to Bitcoins 5 years in office, the rest is all cherries on top.

But just look at these guys and girls putting 1000 DRKs to work.

That really is awe-some.

[humanitee]

Now 849 Master Nodes

It's almost like a few months isn't a long enough time to gauge how a feature will effect the price on a coin that isn't out of development.

Weird.

Simple supply and demand says that it will help the price, regardless of your posturing.

I'm not posturing. I'm in awe.

I said yesterday that around 10% of Bitcoin Nodes was enough for this stage of development compared to Bitcoins 5 years in office, the rest is all cherries on top.

But just look at these guys and girls putting 1000 DRKs to work.

That really is awe-some.

I was replying to sho, not you, lol.

I didn't include his text because who wants to read it?

[daxiake]

guys,darkcoinpay.com, darkcoin.cn, darkpay.org  for sale.

pm me if interesting.

[shojayxt]

QED

That is why the trolls are here. Not because they care about putting the world to rights, but putting their agenda on the map.

We have seen them all here, undermining DRK because they have been paid to troll or they have stakes elsewhere.

Why would you expend so much energy, practically every minute of the day posting in a crypto forum?

QED, thank you.

I am missing you here. What did I demonstrate? That I am a troll or that shoyax is a troll who wants to undermine DRK in favor of another Anon Coin?

that shoyax et al is a troll who wants to undermine DRK in favor of another Anon Coin

And what other Anon coin would that be?  I have not promoted another coin in this thread.  In fact I have posted that Anon coins are just a passing fad.  Kind of like country coins, color coins, etc...

Please tell me what other Anon coin I am in favor of?  You can't because it's not true.  Why do you post lies?

[coins101]

that shoyax et al is a troll who wants to undermine DRK in favor of another Anon Coin

Aren`t you overestimating his power? And doesn`t he write stuff which is directed against ANY anon coin?

This is but one example, how many more are out there, who knows.

07/19: DarkCoin and Vertcoin have both been implemented into the marketplace, Cloakcoin and Litecoin were just added too, having trouble compiling Monero. Fixed issue we were having so we are looking at some more Cryptonote currencies too. Small preview of different wallets: https://infotomb.com/58rz8.png (sorry for ugly UI, it's just the css from hyrdra we used to get code working, it will not be used when market is launching)

http://www.reddit.com/r/DarkNetMarkets/comments/2awhhj/expect_a_new_open_darknet_marketplace_soon/

The problem with FUD and trolls is that they reach out and spread misinformation far beyond this thread and darkcointalk.

Clearly, this has been impacting demand and prices.

[sin242]

More blah blah i think my opinions are 100% correct

Mining difficulty is still over 3300...   Miners don't seem to mind.

[coins101]

The view on regulation and anonymous currency has been asked and answered of the relevant US Regulators.

Non disclosure of financial transactions on a blockchain ledger is not a reason to stop anonymity tools such as Darkcoin.

https://www.youtube.com/watch?v=M7bbDpwlTws&feature=youtu.be&t=11m48s

~12mins

If anyone here thinks they know more than the public official paid out of taxpayer money to defend the USA against financial crime, they are simply fools that deserve to be ignored.