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Topic: Bitcoin-Central, first exchange licensed to operate with a bank. This is HUGE - page 17. (Read 191895 times)

legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Quote
Where can I buy tinfoil goldfoil hats with bitcoin?

Good question, maybe you got yourself a start-up right there.
legendary
Activity: 1904
Merit: 1002
No one here is asking for that.

Maybe not overtly or knowingly, but they are undoubtedly paving the way for it.
Just as much as Satoshi paved the way for Bitcoin regulation by inventing Bitcoin.

Do you realize that your detractors have been achieving their core goals, right?  No matter what you do, it will not directly affect them (or me), yet each moment you spend responding to them delays your progress.  They are winning, whether or not they are correct.  While I, personally, don't agree that one bitcoin based business making agreements with establishment institutions in Europe has any great effect upon Bitcoin as a whole; I also don't view such a developement as automaticly a positive one.  Furthermore, I don't believe that you will actually be permitted to succeed.  If such a development actually is a net positive for Bitcoin, you will be undermined to your final bankruptcy at least.  If such a development survives six months, I will take that to mean that it's a net negative for Bitcoin, and avoid you like the plague.

Where can I buy tinfoil hats with bitcoin?
legendary
Activity: 1708
Merit: 1010
No one here is asking for that.

Maybe not overtly or knowingly, but they are undoubtedly paving the way for it.
Just as much as Satoshi paved the way for Bitcoin regulation by inventing Bitcoin.

Do you realize that your detractors have been achieving their core goals, right?  No matter what you do, it will not directly affect them (or me), yet each moment you spend responding to them delays your progress.  They are winning, whether or not they are correct.  While I, personally, don't agree that one bitcoin based business making agreements with establishment institutions in Europe has any great effect upon Bitcoin as a whole; I also don't view such a developement as automaticly a positive one.  Furthermore, I don't believe that you will actually be permitted to succeed.  If such a development actually is a net positive for Bitcoin, you will be undermined to your final bankruptcy at least.  If such a development survives six months, I will take that to mean that it's a net negative for Bitcoin, and avoid you like the plague.
sr. member
Activity: 527
Merit: 250
No one here is asking for that.

Maybe not overtly or knowingly, but they are undoubtedly paving the way for it.
Just as much as Satoshi paved the way for Bitcoin regulation by inventing Bitcoin.

As far as I know, Satoshi was not in the habit of asking permission from "authorities" before writing software .... you, on the other hand, appear to be.
+11111111111111111111111111111111
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
No one here is asking for that.

Maybe not overtly or knowingly, but they are undoubtedly paving the way for it.
Just as much as Satoshi paved the way for Bitcoin regulation by inventing Bitcoin.

As far as I know, Satoshi was not in the habit of asking permission from "authorities" before writing software .... you, on the other hand, appear to be.
legendary
Activity: 1372
Merit: 1008
1davout
No one here is asking for that.

Maybe not overtly or knowingly, but they are undoubtedly paving the way for it.
Just as much as Satoshi paved the way for Bitcoin regulation by inventing Bitcoin.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo

So TCP/IP needed to get approval from the "regulators" before it was widely adopted?

Then the bitcoin protocol may not be all it is cracked up to be .... if  Erik Vorhees is correct that bitcoin needs the crutch of state approval in order to get widely adopted, then I would say it is deficient as a technology and not fit for purpose .... bring on bitcoin2.0. (Holy Trinity should be nimble for the crypto-currency 2G will be life threatening for them.)
Oh god, please stop with this regulating Bitcoin nonsense.

Yes, indeed we should just stop with this nonsense of getting the bitcoin technology regulated ....
No one here is asking for that.

Maybe not overtly or knowingly, but they are undoubtedly paving the way for it.
hero member
Activity: 756
Merit: 522
Quote
We honestly didn't think there would be this kind of massive interest from Americans and other nationalities all around the world. We honestly didn't think there would be this kind of massive interest from Americans and other nationalities all around the world.

Welcome to the new age of fiscal facism ... US citizens will flock to anything that is somehow outside their fiscal prison of a banking system where you don't have to submit to the psychological equivalent of a full cavity search just to manage and transact with your own money.

You come across as being a little naive to the true nature of the battle going on out there ... good luck.
+1

Why do you think eurodollars even exist? (For the past 50 or so years).
hero member
Activity: 826
Merit: 500
Crypto Somnium
legendary
Activity: 1372
Merit: 1008
1davout
Congrats!

But before I verify my account, I would like to know: what is an assymmetric cypher?

The documents you are submitting are used only to verify your account. Once your account is verified your documents are archived after being properly encrypted using an assymmetric cipher

If this means you're going to brand my ID on a cows ass I'm all for it!

:3
donator
Activity: 668
Merit: 500
Quote
We honestly didn't think there would be this kind of massive interest from Americans and other nationalities all around the world. We honestly didn't think there would be this kind of massive interest from Americans and other nationalities all around the world.

Welcome to the new age of fiscal facism ... US citizens will flock to anything that is somehow outside their fiscal prison of a banking system where you don't have to submit to the psychological equivalent of a full cavity search just to manage and transact with your own money.

You come across as being a little naive to the true nature of the battle going on out there ... good luck.
+1
donator
Activity: 2772
Merit: 1019
Congrats!

But before I verify my account, I would like to know: what is an assymmetric cypher?

The documents you are submitting are used only to verify your account. Once your account is verified your documents are archived after being properly encrypted using an assymmetric cipher

If this means you're going to brand my ID on a cows ass I'm all for it!
legendary
Activity: 1400
Merit: 1005

So TCP/IP needed to get approval from the "regulators" before it was widely adopted?

Then the bitcoin protocol may not be all it is cracked up to be .... if  Erik Vorhees is correct that bitcoin needs the crutch of state approval in order to get widely adopted, then I would say it is deficient as a technology and not fit for purpose .... bring on bitcoin2.0. (Holy Trinity should be nimble for the crypto-currency 2G will be life threatening for them.)
Oh god, please stop with this regulating Bitcoin nonsense.

Yes, indeed we should just stop with this nonsense of getting the bitcoin technology regulated ....
No one here is asking for that.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo

So TCP/IP needed to get approval from the "regulators" before it was widely adopted?

Then the bitcoin protocol may not be all it is cracked up to be .... if  Erik Vorhees is correct that bitcoin needs the crutch of state approval in order to get widely adopted, then I would say it is deficient as a technology and not fit for purpose .... bring on bitcoin2.0. (Holy Trinity should be nimble for the crypto-currency 2G will be life threatening for them.)
Oh god, please stop with this regulating Bitcoin nonsense.

Yes, indeed we should just stop with this nonsense of getting the bitcoin technology regulated ....
legendary
Activity: 1372
Merit: 1008
1davout

So TCP/IP needed to get approval from the "regulators" before it was widely adopted?

Then the bitcoin protocol may not be all it is cracked up to be .... if  Erik Vorhees is correct that bitcoin needs the crutch of state approval in order to get widely adopted, then I would say it is deficient as a technology and not fit for purpose .... bring on bitcoin2.0. (Holy Trinity should be nimble for the crypto-currency 2G will be life threatening for them.)
Oh god, please stop with this regulating Bitcoin nonsense.
legendary
Activity: 1288
Merit: 1080

So TCP/IP needed to get approval from the "regulators" before it was widely adopted?

Then the bitcoin protocol may not be all it is cracked up to be .... if  Erik Vorhees is correct that bitcoin needs the crutch of state approval in order to get widely adopted, then I would say it is deficient as a technology and not fit for purpose .... bring on bitcoin2.0. (Holy Trinity should be nimble for the crypto-currency 2G will be life threatening for them.)

It's not about bitcoin being regulated, it's about bitcoin exchanges.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo

So TCP/IP needed to get approval from the "regulators" before it was widely adopted?

Then the bitcoin protocol may not be all it is cracked up to be .... if  Erik Vorhees is correct that bitcoin needs the crutch of state approval in order to get widely adopted, then I would say it is deficient as a technology and not fit for purpose .... bring on bitcoin2.0. (Holy Trinity should be nimble for the crypto-currency 2G will be life threatening for them.)

legendary
Activity: 1372
Merit: 1008
1davout
legendary
Activity: 1540
Merit: 1000
Do you understand how bitcoin works? Bitcoin is already in a bank, and you owe the private key to your funds. That's it. Your bitcoins are secured in the blockchain.

If you want someone to keep a record of your private password will it make it more secure?
Maybe not everyone wants to be their own bank...

Pussy
sr. member
Activity: 269
Merit: 250
We've written a blog piece on this fascinating and controversial subject of bankhood...

This is generally a response to the controversy around Paymium's announcement, and more specifically Matonis' Forbes piece yesterday.

http://blog.bitinstant.com/blog/2012/12/10/the-controversy-of-bankhood.html

Integration and easy to use is what people want from Bitcoin and this what makes it easier to become mainstream, and certainly this is where it's all going. But it also demotivates people from creating and using tools to circumvent current laws and the whole system becomes dependent on current regulations. Your blog past has valid arguments and as usual the truth is somewhere in between those two view points, but don't pretend like you know exactly what is the correct thing here in a long term.
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