Technical Lead in USA

[DGulari]

In the same week California advanced bitcoin development, Europe impedes progress:

California Lawmakers Nudge Bitcoin Further Into The Mainstream http://www.forbes.com/sites/michaelbobelian/2014/07/03/california-lawmakers-nudge-bitcoin-further-into-the-mainstream/

 
EU Banks Must Shun Bitcoin Until Rules in Place
http://www.bloomberg.com/news/2014-07-04/eu-banks-must-shun-bitcoin-until-rules-in-place-eba-says.html


In the US, if it is not yet illegal, then it is legal and the government wants you to go ahead and do it.  In Europe, if there are no laws on some topic, they want you to sit around while lawmakers and policy wonks have debates - to decide what you can do.  Fortunately, almost no real people listen to policy idiots in Europe and Bitcoin development goes on despite these warnings to 'stand around and do nothing'.  

What a joke.  

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[franky1]

guess you forgot the 4,000 ATM's in the ukraine

[DGulari]

guess you forgot the 4,000 ATM's in the ukraine

Yep.  Ukraine - the undisputed technical lead of the world!!  Oh wait, they can't figure out how to get Russians out of their house.  They've got far more to worry about than bitcoin ATMs - like for example how to stay warm next winter.  Great idea!  Let Ukraine become the mining capital of the world and use the heat to melt ice in the cities!  Brilliant.

[reg]

guess you forgot the 4,000 ATM's in the ukraine

Yep.  Ukraine - the undisputed technical lead of the world!!  Oh wait, they can't figure out how to get Russians out of their house.  They've got far more to worry about than bitcoin ATMs - like for example how to stay warm next winter.  Great idea!  Let Ukraine become the mining capital of the world and use the heat to melt ice in the cities!  Brilliant.

Ukraine can barely be called in europe  in the uk and Denmark we have our own currencies and the uk may well vote soon to leave europe.In germany they have a saying " In england alles is erlaubt was nicht verboten ist und in Deutchland alles ist verboten was nicht erlaubt ist" which means in england everything is allowed that is not forbidden and in Germany everything is forbidden that is not allowed!. However both europe and america are suffering the same fate under constant bombardment from politicians making laws. The politicians are owned by the banks and large corporations who guide laws to suit their own requirements and basically screw the rest of the world. ( www.philanthropyandphilosophy.com) Any way to ensure btc remains viable should be reviewed for example ftc developed a good 51% attack defence thats not been mentioned so alts should not be dismissed out of hand- time will tell.

[jc01480]

alts have taken a beating lately.  May be good time to strike!

[reg]

alts have taken a beating lately.  May be good time to strike!

Most alts especially litecoin are joined at the hip with btc. As btc increases in value so will litecoin and other supported alts. There does appear on this forum to be a bias to american technical innovation but btc is world wide and there are many developers and services  quietly building infrastructure. Personally I am taking delivery of a script asic to mine litecoin-now is the time to strike.

[blatchcorn]

guess you forgot the 4,000 ATM's in the ukraine

Yep.  Ukraine - the undisputed technical lead of the world!!  Oh wait, they can't figure out how to get Russians out of their house.  They've got far more to worry about than bitcoin ATMs - like for example how to stay warm next winter.  Great idea!  Let Ukraine become the mining capital of the world and use the heat to melt ice in the cities!  Brilliant.

Ukraine can barely be called in europe  in the uk and Denmark we have our own currencies and the uk may well vote soon to leave europe.In germany they have a saying " In england alles is erlaubt was nicht verboten ist und in Deutchland alles ist verboten was nicht erlaubt ist" which means in england everything is allowed that is not forbidden and in Germany everything is forbidden that is not allowed!. However both europe and america are suffering the same fate under constant bombardment from politicians making laws. The politicians are owned by the banks and large corporations who guide laws to suit their own requirements and basically screw the rest of the world. ( www.philanthropyandphilosophy.com) Any way to ensure btc remains viable should be reviewed for example ftc developed a good 51% attack defence thats not been mentioned so alts should not be dismissed out of hand- time will tell.

UK banks are scum and are shutting down all accounts used for Bitcoin activity.  Unfortunately, I am going to be taking my marketing agency abroad if I can.

[franky1]

UK banks are scum and are shutting down all accounts used for Bitcoin activity.  Unfortunately, I am going to be taking my marketing agency abroad if I can.

i have seen 2nd hand 20 businesses that are bitcoin related, but tell their bank business account manager that they are "marketing" or "advertisers" or anything else but bitcoins. but when it is found out later that the banks have been lied to... its the lie that shuts them down.. not bitcoin.

my bank manager knows about my bitcoin business, and so far 2 years on.. no issues.

simply put if you lie to a bank thats a big red flag not to trust your ethics and morals. thus "suspicious activity" flag is highlighted. especially if your doing transactions over £800 a day to random people.

[DGulari]

guess you forgot the 4,000 ATM's in the ukraine

Yep.  Ukraine - the undisputed technical lead of the world!!  Oh wait, they can't figure out how to get Russians out of their house.  They've got far more to worry about than bitcoin ATMs - like for example how to stay warm next winter.  Great idea!  Let Ukraine become the mining capital of the world and use the heat to melt ice in the cities!  Brilliant.

Ukraine can barely be called in europe  in the uk and Denmark we have our own currencies and the uk may well vote soon to leave europe.In germany they have a saying " In england alles is erlaubt was nicht verboten ist und in Deutchland alles ist verboten was nicht erlaubt ist" which means in england everything is allowed that is not forbidden and in Germany everything is forbidden that is not allowed!. However both europe and america are suffering the same fate under constant bombardment from politicians making laws. The politicians are owned by the banks and large corporations who guide laws to suit their own requirements and basically screw the rest of the world. ( www.philanthropyandphilosophy.com) Any way to ensure btc remains viable should be reviewed for example ftc developed a good 51% attack defence thats not been mentioned so alts should not be dismissed out of hand- time will tell.

UK banks are scum and are shutting down all accounts used for Bitcoin activity.  Unfortunately, I am going to be taking my marketing agency abroad if I can.

It is very good for bitcoin if many entities are set up 'abroad' in the first 3 - 5 years.  After that, the big nations will come on with new permissive rules.  This gives time for good solid 3 year development lead in atypical jurisdictions.  So, overall it promotes more decentralization that an incentive exists now for people to set up abroad - wherever that is?

[TheTruth4]

What scares me about the law is that there is no clear distinction between decentralized currencies, and 'points' offered by a company, nor do I think lawmakers understand that there is a difference.

[TheTruth4]

I am afraid that business are going to try to use this to pay their employees with starbucks rewards, Arby's bucks, or some other bullshit.