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[–]peaceisreason 15 points 12 hours ago Let me add to the conspiracy by saying bitcoin itself is a lab released into the wild by the NSA under the direction of the IMF. The controlled implosion of GOX is set to bring about the next stage in wide scale adoption. It is another Silk Road which was absolutely and completely staged from start to finish. And we know how that went down and the subsequent reaction. This is how a one world, borderless, digital currency is rolled out. This is how you do it. You don't issue it and force it on the world. You engineer it.
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Feb 22, 2014 06:50
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...! posted:[–]peaceisreason 15 points 12 hours ago dear imf, kindly gently caress off our playing field. regards, the mystic order of the 219 cc: nsa
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Feb 22, 2014 06:52
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[–]AgentZeroM 14 points 16 hours ago "Fact: Karpeles had millions of dollars confiscated by the US government last year. Fact: Karpeles is charged for financial crimes in the US." Because he lied on a banking application. Everything else you said falls down after these two. [–]aminok 12 points 15 hours ago To put this into context, all of this is because he lied or made a mistake in answering one question in an application provided to him by a private company. [–]aminok 8 points 13 hours ago* I don't see where this "paper worth tens of millions of dollars" comes from. It was an application form to open a bank account. And maybe he didn't know that making a single mistake on the application could mean he would potentially face years in jail. He also wasn't filling out a form from the federal government. It was a form from a private bank, although perhaps with various regulators outsourcing their enforcement and policing to banks, that distinction has blurred. "now he has to face the consequences." It's overkill. There should be no prospect of jail time for not filling out a form correctly. Doing ordinary business activities like opening a bank account or making a purchase shouldn't be so precarious and scary. [–]aminok 5 points 13 hours ago I don't see how it evidences an intent to do anything. He might not have known that Bitcoin exchange falls under money transmission. This was before the FinCen guidelines if I remember correctly. [–]zeusa1mighty 5 points 13 hours ago When they initially filed the paperwork, bitcoins were almost worthless and no one had recognized them as money yet. They said that they weren't money transmitters because at the time, they really weren't. Also, Normally FinCEN gives compliance grace periods. Why they didn't here is interesting in the context of this conspiracy. [–]Zeeterm 2 points 10 hours ago Bitcoins are just numbers. You're transferring as much money if you're selling 10000 for $10 or selling 0.1 for $10. Roughly speaking most people move similar amounts of money around, there are just more people and they do it with fewer bitcoins these when the price is high. [–]zeusa1mighty 2 points 8 hours ago What does that have to do with anything? Until bitcoins were considered "money", they were an asset just like anything else. Would a Magic The Gathering card shop have to register as a money transmitter? The answer is obviously no. So until bitcoins were ruled to be money by the Judge in Texas when pirateat40 was facing trial, there was no reason to believe that you NEEDED to be registered as a money transmitter. That's why MtGox checked "No" on their business license application when they were asked if they were a money transmitter; because them and most other people seriously didn't think they'd have to be, because bitcoins are just, as you say, numbers. [–]HuntForRedditOctober 5 points 13 hours ago* I have to disagree. This is purely personal opinion and not to be construed as legal advice, I am not your lawyer, but his business is not actually a currency exchange or money transmission service under 18 USC 1960. The code doesn't really define money or currency, so instead, we look to a dictionary for the meaning of terms. This is what Black's Law 2009 says about money: The medium of exchange authorized or adopted by a government as part of its currency As for currency: An item (such as a coin, government note, or banknote) that circulates as a medium of exchange. (emphasis added). e-currency is wholly referential to e-money, and e-money is referential in part to money. If it's not physical, or not backed or adopted by a government, it simply doesn't fit under the statute. [–]tomothybitcoin 2 points 12 hours ago I still have issues with the attempt at classifying Bitcoin as a currency. I still argue it is a commodity. If it's a commodity, it wouldn't fall under the purview of FINCEN and KYC/AML wouldn't apply so easily. Even if it quacks like a duck, looks like a duck, since we want it to be a dog, that yellow quacking beaked thing is a dog... and now we can prosecute/persecute you accordingly... [–]HuntForRedditOctober 1 point 11 hours ago One federal law enforcement officer disagreed with me, but I'm sure they disagree with me on a lot of things, that doesn't make them right. HSI is obviously going to take an expansive view of their power, but they do not get to define their own power, the contours of the law do. He was granted a seizure warrant based on probable cause in a non-adversarial proceeding, that hardly makes law. I know the head of the criminal division of the US Attorney's office for the District my hometown is in, and we've actually discussed this case. He agrees with me that the interpretation, especially for the currency exchange argument, is flimsy.
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Feb 22, 2014 06:54
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did anyone say bitcon yet?
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Feb 22, 2014 07:26
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...! posted:[–]peaceisreason 15 points 12 hours ago wat
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Feb 22, 2014 07:31
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100.4
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Feb 22, 2014 07:34
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Boxturret posted:100.4 bitcoin fm
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Feb 22, 2014 07:43
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98.00 even more satisfying the second time
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Feb 22, 2014 07:49
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97 I SMELL BLOOD
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Feb 22, 2014 07:49
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 97.649 MORE HAPPENING
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Feb 22, 2014 07:54
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edging based on bitcoin price is my kink
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Feb 22, 2014 07:56
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Don Lapre posted:What week is gooncon this year?
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Feb 22, 2014 07:57
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91% loss over 6 months and the night is young 
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Feb 22, 2014 08:02
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honestly my favorite part is when some true believer rolls in and buys coins $3 or $4 above the next highest bid in a futile attempt to pump.
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Feb 22, 2014 08:05
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ninety six point sixty four
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Feb 22, 2014 08:07
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Damiya posted:honestly my favorite part is when some true believer rolls in and buys coins $3 or $4 above the next highest bid in a futile attempt to pump.
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Feb 22, 2014 08:55
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anthonypants posted:by "coins" you mean one or two at the most look man the allowance only goes so far 
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Feb 22, 2014 09:28
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Damiya posted:look man the allowance only goes so far
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Feb 22, 2014 09:36
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has anybody carved the bitcoin "logo" into their flesh yet? (not tatoots)
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Feb 22, 2014 10:11
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has anybody carved the bitcoin "logo" into someone else's flesh yet? (toot toot)
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Feb 22, 2014 10:14
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BeOSPOS posted:* newscaster buys $21 USD of bitcoin, uses it at a local sushi place, then realizes it's now only worth $19.28 a few minutes later LOL
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Feb 22, 2014 10:27
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...! posted:bitcoin itself is a lab
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Feb 22, 2014 10:35
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jony ive aces posted:bad dog
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Feb 22, 2014 10:36
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jony ive aces posted:bad dog
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Feb 22, 2014 10:38
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Mulatto Butts posted:has anybody carved the bitcoin "logo" into someone else's flesh yet? (toot toot) 
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Feb 22, 2014 11:09
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duTrieux. posted:has anybody carved the bitcoin "logo" into their flesh yet? (not tatoots) 
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Feb 22, 2014 11:38
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...! posted:[–]Jojoslade 1 point 1 hour ago
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Feb 22, 2014 12:10
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Japanese Police Shut Down Protest at Mt. Gox Jon Southurst (@southtopia) | Published on February 22, 2014 at 09:36 GMT The small group of protestors outside Mt. Gox in Tokyo were moved on late yesterday by Japanese police, and warned not to return without a ‘demonstration license’. Organizer Kolin Burges said the police were called not by Mt. Gox, but one of the building’s other tenants who had reportedly had enough of the protestors’ week-long presence at the building. Mt. Gox management was also said to be irritated by the ongoing sit-in, claiming “security problems” caused by the protest and other technical issues were slowing its progress at fixing its bitcoin withdrawal problem. The company had previously posted a notice on its support page claiming to be moving location. This effectively ends the protest in its current form, since the group is unlikely to secure the license. For the most part the protest consisted only of two people, though they had been joined at other stages during the week by curious bitcoiners and financial media reporters. One of the Japanese language signs the pair was holding invited locals to join in and gave the street address. Growing numbers Burges said there were around 10 people standing near the building when police arrived. He explained: “We went to the police station for a license and were told that for a demonstration license you need to move along a pre-planned route, with start and end points. So it looks like we cannot get a license and can’t go back there.” Anyone walking through Tokyo on any given weekend is bound to encounter a rally or two, many of which do not appear to be moving, and which can be quite rowdy. The most common demonstration themes are anti-nuclear power or North Korea, plus the infamous loudspeaker buses operated by the far-right uyoku. The Russian, Chinese and US embassies are popular rallying points, and all have a permanent riot squad presence. Burges indicated he still wanted to continue the protest in some form, but would have to think of other tactics. A physical presence may or may not be involved, though it is generally considered unwise to tempt fate with the Japanese police after a warning.
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Feb 22, 2014 12:31
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We're now reached more subscribers than r/Libertarian (reddit.com/r/Libertarian) submitted 2 hours ago by BankersWorstFear [–]baron1703 2 points 1 hour ago checkmate, socialists! [–]TheSelfGoverned 1 point 38 minutes ago Honestly from a geopolitical stand-point, the arrival and adoption of crypto-currencies is a checkmate.
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Feb 22, 2014 12:34
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The ethereum scam (self.Bitcoin) submitted 4 hours ago* by jratcliff63367 As a software engineer myself I can recognize when someone is throwing out a lot of technobabble as a smokescreen to dazzle nontechnical people into believing there is substance where there is actually only vaporware. Sadly I have seen far too many startups get away with this hall of mirrors as they consume a pile of VC money. Let's not ask any hard questions about this amazing "Turing complete" scripting language. Let's just be dazzled by a lot of fast talking tech jargon from teenage developers. The reality is that most of bitcoin's problems arise not from it being too simple but rather than from it being too complex. The bitcoin protocol and source code is a bit of a mess and anyone who has ever tried to manually parse the blockchain or sign a transaction knows this. Ethereum is textbook vaporware that is suckering in a bunch of people easily dazzled by technical Mumbo-Jumbo. You need a Turing complete scripting language in a blockchain like you need a hole in your head. Ethereum is just another alt-coin pump and dump like all of the rest. And, let's be clear, on hype alone it will make a lot of people very rich; in the short term. In the long term people will see that it was a hype fueled bubble that solves no particular problem and will stand on the wreckage of Mastercoin, mooncoin, maxcoin, and unobtanium. Somebody had to say this as a community service if nothing else. And, any comments defending ethereum, must be in the form of a 10,000 line ethereum Turing complete script that runs in an infinite loop producing nothing of value. EDIT: "Scam" may have been too strong a word. The ethereum people probably believe in their concept but when they communicate it there is an enormous amount of hand waving and the use of buzz words like "Turing complete" which essentially means 'and then magic happens'. They provide no details since they don't think it is necessary. After all, you know, "Turing". I can think of no use case where a cryptographically secure peer to peer value transmission system would not be better served by hardened, rigid, well defined and enforced protocols versus an arbitrary open ended general purpose programming language. Look at the chaos caused by the transaction malleability bug simply because Satoshi overlooked the fact that a digital signature could have multiple valid representations. 
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Feb 22, 2014 12:40
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[–]benjamindees 3 points 11 hours ago Privacy is a significant reason. Young people in particular need to understand that, by using US dollars, they are entering at the bottom of a ponzi scheme. The ponzi scheme is trying to collapse, but is being propped up by a police state committing economic espionage against its own citizens. This can go on almost indefinitely. As long as they know ahead of time what you are planning to buy, or what new innovation you are working to invent, or what job you are training to perform, they can use printed money to front-run your entire life. You are like rats that were born on a treadmill. Economic privacy, controlling your own money and your own finances, is the only way to escape.
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Feb 22, 2014 12:54
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Is it lawful for a bank to block your account for sending money to Coinbase? (self.Bitcoin) submitted 13 hours ago by robzonpl If not, would it be possible to file class action lawsuit against such banks? If yes what are the legal basis? [–]xygo 1 point 12 hours ago I wonder if a class action suit would be effective. Bitcoin traders as a class being discriminated against.
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Feb 22, 2014 12:55
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[–]dan-ny 2 points 16 hours ago One thing I do is ask every vendor whether they accept Bitcoin, and I'm always surprised when they respond that they've never heard of it. -- I read somewhere that doing the same thing over and over, and expecting a different outcome each time, is the definition of insane. Call me crazy.
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Feb 22, 2014 12:57
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...! posted:[–]aminok 8 points 13 hours ago* this makes me legit angry if you don't know what the gently caress you're doing hire the appropriate help literally the whole of society is based on the premise that ignorance of the law by a person who commits an offence is not an excuse for committing that offence
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Feb 22, 2014 13:21
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...! posted:[–]avidwriter123 2 points 32 minutes ago as a long time participant in the social experiment called eve online i want to disagree with this dude surebet fucked around with this message at 13:35 on Feb 22, 2014 |
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Feb 22, 2014 13:23
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BanjoFish posted:Mining rig for charity? We’ve got questions. (self.Bitcoin) another thing that makes me legit angry http://www.cra-arc.gc.ca/chrts-gvng/chrts/plcy/cgd/tsd-cnd-eng.html#N10348 p sure america and most other countries have similar restrictions basically you can accept stock or other forms of investments as a charity, so if you have say an account at a mining pool you could accept someone else's hashrate mining on your behalf, but you can't start to make investing or commercial ventures one of your main activities and even if you could, hardware depreciation on bitcoin gear is so loving quick it wouldn't make sense, even if you had an in to actually get your shinny new bfl scamtronic 3000 in a decent amount of time
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Feb 22, 2014 13:29
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Never mind.
TVarmy fucked around with this message at 13:34 on Feb 22, 2014 |
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Feb 22, 2014 13:32
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...! posted:Ethereum is textbook vaporware that is suckering in a bunch of people easily dazzled by technical Mumbo-Jumbo. i cant believe ethereum is vaporware
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Feb 22, 2014 13:39
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http://www.reddit.com/r/Bitcoin/com..._krapless_face/ The laughs don't stop at the bitcomedy bitclub
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Feb 22, 2014 14:20
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Alan Smithee posted:http://www.reddit.com/r/Bitcoin/com..._krapless_face/ 404
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Feb 22, 2014 14:23
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