Topic: Bitcoinica Inc (Read 5886 times)

@marked, many thanks! & idev wins the double prize as NZ was not listed in the poll, congrats! would you like the 2 coins sent to the addy in your sig?

LTC: LLxMuZvNXsFuaPASyHyf3A6E942d1kyP3L

& commiserations to Goat as the runner up


& thanks to everyone else for participating - hope you had fun!      congrats too for the 12.8% in the poll who voted for Somewhere else

So the correct answer is New Zealand.

[ANN] Bitcoinica is now a registered Financial Services Provider!
https://bitcointalksearch.org/topic/ann-bitcoinica-is-now-a-registered-financial-services-provider-77523


marked

To register it in the Isle of Man he needs a Manx address.

He can use mine and I'll pay the filing fee, in return for 2% share in it...

I can also be a "man on the ground" for another couple of percent.

These offers are not designed to make me money by the way, they will have a considerable opportunity cost... they are because I believe in bitcoin.

Oh, Russia - this is not a better place, believe me! I am from Russia. In Russia, laws often change, "like a glove." Here it is necessary to present a passport to buy a cell phone (SIM card) even. Under Russian law (just Litigation), if the credit card numbers stolen from a foreigner, then "the thief does not receive a prison", and vice versa, if the stolen credit card numbers from the Russian resident - a "prison for several years" You can not prove anything (if it will be registered in Russia) Also In Russia violated human rights, see it Magnitsky

And yes, my vote - Cyprus. Because of Russia to Cyprus and vice versa, "works well for the transfer of the Russian people have stolen oil money"

here's the latest updated summary of the choices so far

teflone                             Hong Kong
Otoh                                Grand Cayman Islands
Qoheleth                          Singapore
AndDuffy                          USA
N.Olmos                           Belize
stochastic                         Japan
Kluge                               Syria
coin_toss                          Bahamas
Jonathan Ryan Owens        Isle of Man
Spekulatius                       Taiwan
johnthedong                      Malaysia
ineededausername             Nevis
myself                               Guernsey
Matthew N. Wright             Panama
bulanula                            Cuba
psy                                   China
dabest1                             Brazil
Mushoz                              UK
cloon                                 Switzerland
malevolent                         Liechtenstein
YoYa                                  L5!!!
gewure                              Pyongyang FTW!
Scott J                               Indonesia
idev                                   New Zealand
qualalol                              Sealand
muyuu                               Aldeney
Blazr                                  Nigeria
miscreanity                         Iran - Kish Island
thest0ckman                       Russia
barrymac                            British Virgin Islands
EpicBacon                           Canada
Chaang Noi (Goat)               Tuvia or whatever that island nation near NZ is...
naima53                             Cyprus
arabianights                        (Proposal to facilitate Isle of Man jurisdiction)

I didn't get ZT'd in the sense of a forced liquidation & yep I got ZT'd in the more general being Goxed sense of the phrase (ie being screwed over) & I posted it on his Bitcoinica thread for obvious reasons, I posted it on my thread here re where & when will Bitcoinica become registered as a legal entity if ever & start to abide by some rules because until they do others will suffer the same treatment that I got & so this can be a warning to them & is relevant, finally I posted it on waveaddict's thread where I'm a subscribed premium member as he had previously asked on it if anyone had made good money with Bitcoinica - so losing good money seemed relevant & I was interested in his feedback on what happened if he chooses to give any

yes, I'm sorry to have repeated it but I believe it warranted been posted on those 3 thread for the reasons given, if you don't happen to agree np & please accept my apologies for having bored you

You're almost leet. Check your post count when it gets to 1337

+1

Why are you posting this story in multiple places..?


We get it..  you got ZT'd

re the other comment about not having protected myself adequately, I was fine long term to leave a large long position that couldn't be force liquidated until the $2s - ie prob never, but when the rules are changed mid game then that screws it up & sure I was well aware of the risk involved in trusting large sums to an unregistered Internet entity - as I said I conciser myself lucky to have got anything back out in this case once it became obvious what was going on

Canada, eh?

If you've entered into a position so large, and haven't protected yourself adequately enough such that you have to watch every price movement because you're afraid to lose money, you've risked way too much.

I know I've read somewhere "90% of all ForEx traders lose all their money"   Yes, you should be amazed to have gotten anything back out at all, but that isn't Zhoutong's fault. LOL.

LOL.

Guess you are the sockpuppet account of the meelba guy who also wanted to sue Zhou for some odd reason.

So many people want to sue a 17 year old that it really is amazing. You knew the risk when you deposited your money and when you lose it you all decide to complain

Good luck to you and see how far you can get in the courts.

BTC is not "real" money by any means today ...

over 1 month now & no news on this, Linode hax prob didn't help I guess, any eta Zhou?

a couple of days ago I finally got out of the nightmare scenario of being trapped in a large high $5s base price long position on Bitcoinica which would have been fine as my ZT price was in the $2s originally & I was happy to wait long term & could have kept it at 1:1 leverage np, until that was he unilaterally decided to start taxing long positions with swap charges, to me this is just Bitcoin wild west no rules rule - I'm waiting to see if his stated registration goes through because once it does I intend to claim back that swap money just removed from my account by changing without notice the conditions under which it was deposited & making my position long term untenable so that I had to close it for a big loss as I believe this sort of action is totally illegitimate in any jurisdiction

anyone else who's suffered because of this pse to let me know & we can coordinate to recuperate this blatant rip off with damages also for overall position loss if it hadn't happened once we were locked in

it's so nice atm to finally be out of that & tomorrow off for a long weekend without having to follow every price movement & the feeling of having trusted way too much money to someone who just makes the rules up to suit themselves as they go along, honestly I was amazed to get anything back out at all in that scenario - never again!

British Virgin Islands, surely! as are many tax efficient financial services

kish island,  this is what the problems with iran is truly about. it has nothing to do with nuclear ambitions it has to do with the oil exchange on kish island that is NOT accepting dollars in exchange for oil. it is a move by Iran to dethrone the dollar as the worlds reserve country.

i would set up in russia. the usa cannot boss them around telling them what to do

Poland? Can you elaborate?

Pyongyang had me dying, but hey - the Ryugyong monstrosity is almost completed! Only took 25 years...

I'm curious about the criteria - is a tiny country really the best choice, despite them generally being the most financially open?

Cuba is interesting, although there are still plenty of lingering communist/social leanings even after the recent moves to open up for free markets. Maybe in a few more years?

Brazil might be good, as it'd be hard for any other nation to enforce its own monetary law on such a large nation.

St. Kitts & Nevis been good for a while. Vanuatu as well, from what I know about it.

Nobody's mentioned Chile, where Tradehill is based. There's also Cook Islands, Estonia, and Poland. The only African nation so far has been Nigeria, which could actually work out well.

How about going completely insane, even beyond NK? I'll cast my vote by saying the business should be established at Kish Island.



Here's the big boost - open & legitimised trade with China, India, and Russia. Effective exposure to the most vital energy resource in the world: oil. If oil wealth flows into Bitcoin, that's an even bigger boost than western adoption.

Who knows, it could even stabilise the region?

Now it's in Rackspace Cloud ORD1 data center.

It runs on Heroku I think.  At least it used to.