Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 4767. (Read 9723803 times)

Businesses will also have to hold information about transactions with customers. But yea, you are right, two transactions between individuals is like two cash transactions between individuals.

If you re-read my post, please note where I said the "fiat and retail gateways" would be regulated.

All the examples you cite relate to these. In particular in the name of "limiting anonymity" - again I said they'd try to do that in my post..."unless a mechanism can be found to associate blockchain addresses with individuals"

For example, the article about French regulation cites bitcoin "distributors" - i.e. exchanges and the like.

Another example you cite is the impending imposition of capital gains tax on crypto. That is actually a regulation which applies to fiat - not crypto because your taxable income is measured in dollars  euros and you generally pay capital gains on realised gains.

There is also nothing in your examples about a distinction being made between opaque and transparent blockchains.

I hope the story is over but fear there could be knock-on effects at mintpal if this turns into a crypto bank run on mintpal. If too many users start withdrawing their funds (BTC, DRK, etc), any underfunding problems will be exposed. We may soon find out if mintpal has been an honest exchange and maintains a positive capital reserve with their customer's funds. If we start seeing strange price action on certain coins at mintpal or if mintpal starts halting withdrawals for any reason, I will assume they are in bigger trouble then letting on.  

tl;dr

I think you are both talking about the same thing, but are looking to point score against each other.

Crypto will be regulated. Cryptsy and other exchanges are now accepting USD for crypto, by way of one example.

Crytpo can be anonymous. Its all about how much information is left visible to track specific user identifiable information on the public viewable block chain.

Those two issues are not mutually exclusive.

Who are these retarded cunt fucks selling? Just fucking die already you fucking bags of dog shit.

Regulation will come in the form of monitoring the exchanges cryptocurrencies are traded on. That's how cryptocurrencies will become regulated in a sense.

However, private transactions between individuals can't be regulated. It's only trading on the exchanges that will be regulated, and I don't understand how anyone could find fault with that.

Exactly. Even more worrying is the fact that Mintpal never entered a maintenance mode after the security breach. I loved Mintpal, but this is the same as C-Cex with a different currency.

Really?  Cryptocurrencies will never be regulated?  It's already happening.  I'm not making this up to start an argument.  Governments are actually starting to implement regulations governing cryptocurrencies.


French Government Outlines New Regulations for Bitcoin Market Transparency

Transparency cited by regulators

The new regulations require bitcoin “distributors” to identify and verify their users to limit the level of anonymity.
http://www.coindesk.com/french-government-outlines-new-regulations-bitcoin-market-transparency/



Italian Authorities Issue Bitcoin Warnings, Urge Regulation

Bitcoin regulation urged

Speaking in an interview with Ansa.it, Attorney General of Rome, Luigi Ciampoli, warned that bitcoin could be abused by criminals engaged in money laundering, financing of terrorism, or mafia activities. He urged for regulation that would allow authorities to trace and identify all persons involved in digital currency transactions.

Reda told Italian daily La Repubblica that bitcoin’s volatility poses a risk for investors and that its anonymity allows Italian residents to hold and transfer wealth anonymously.
http://www.coindesk.com/italian-authorities-issue-new-bitcoin-warnings-urge-regulation/


Argentinian Money Regulator Mandates Reporting on Bitcoin Activity

The UIF document, which outlines amendments to previous regulations, cites the threat of money laundering and criminal financing.
http://www.coindesk.com/argentinian-money-regulator-mandates-reporting-bitcoin-activity/

he's last contribution seems to be providing some positive input? I thought it was quite helpful.

I think the moral of the story is we were lucky it wasn't us and don't keep lots of coins on ANY exchange.

Mintpal will bounce back and if it doesn't I think Bittrex will be the main altcoin exchange.

This is one of the most persistently mistaken assumptions made regarding anonymous coins.

First of all, cryptocurrencies are not and never will be "regulated" since there are no counterparties involved in an individual's interaction with the blockchain an therefore no subject for that regulation. Rather, it is the fiat and retail gateways that form the subject of regulation. We do not "own" or "hold" cryptocurrency in any formal sense other than while we have funds on an exchange. Once off the exchange and on a blockchain, we cease to be owners or holders with any objectively identifiable meaning.

Secondly, regulatory authorities are not likely to make a distinction between one cryptocurrency and another for 3 reasons:

[1] - given the 'legal ambiguity' background described above regarding ownership, they will view the whole cryptocurrency economy as being anonymous and regulate the gateways as such unless a mechanism can be found to associate blockchain addresses with individuals

[2] - from a technical point of view, anonymity is too ambiguous a property to form a distinction between one cryptocurrency and another. Put another way, it isn't a permanently defining property of any 'coin'. Anonymity can be added at a fork or removed. It can be partial, optional etc.

[3] - once your funds are "inside" the crypto-economy ring fence, they are almost seamlessly interchangeable - through exchanges - in a network without national borders and potentially well beyond the reach of any regulation. Just this fact alone leaves regulatory bodies no option but to treat all cryptocurrencies as one, where if the technology allows an opaque blockchain in any one, they all must be regulated accordingly

So the idea that opaque blockchains will be treated any differently from transparent ones is bogus. There is no material difference when it comes to potential regulatory exposure.

On the other hand, there *is* a difference when it comes to end users because one supports financial privacy across all transactions and the other potentially doesn't. End users have a choice where regulatory authorities don't. So the market *will* indeed make a distinction between opaque currencies and transparent ones which is why we can expect an ongoing favourable valuation in so called "anonymous" cryptos.
 

I think all the anti-mintpal talk is making the bots angry

It is the second time I got payment from ltc1btccom03 others 01,02,04 didn`t paid me .... time....

Lol, that's for that one guy. I just emailed Bitfinex to receive one. I'll post it when I get one.

http://bitfinexreferrercode.com/

Can you post it here?

I'm sure I do. Give me a second to try to find it. 

u have referrer code?

https://bitcointalksearch.org/topic/the-deathblow-to-proof-of-stake-694436