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Topic: Hearing on BTC in senate NOW - page 4. (Read 9815 times)

member
Activity: 100
Merit: 10
Bitcoin is physical
November 18, 2013, 05:44:02 PM
#92
this guy from the bitcoin foundation isnt exactly inspiring.
But the chick in the background is.
newbie
Activity: 14
Merit: 0
November 18, 2013, 05:43:57 PM
#91
Yeah, there is no problem in selling them.  They just can't get enough of them right now.  Someone said in the other thread, that they work like a brokerage.
full member
Activity: 160
Merit: 100
November 18, 2013, 05:43:42 PM
#90
jesus is this bitcoin foundation for real? i could give a better improvised speech
full member
Activity: 160
Merit: 100
November 18, 2013, 05:41:56 PM
#89
this guy from the bitcoin foundation isnt exactly inspiring.
donator
Activity: 1218
Merit: 1079
Gerald Davis
November 18, 2013, 05:41:08 PM
#88
Ending statement was really good. too!!  FYI, as posted in another thread.  Coinbase is out of bitcoins to sell.

I've never sold to coinbase.  But about to sell them about 10 as a test.  How long do they take to transfer the funds to my bank account from the time I transfer them the coins?

It is "normal" ACH so usually 3-4 business days (sometimes 2 days it varies by bank).  No faster or slower than any other ACH transfer (Dwolla -> Bank, PayPal-> Bank, etc).

Would you agree that coinbase is as reliable a business to sell my coins to as any, and I shouldn't expect any problems?  (Now that bitcoins are worth so much, I'm almost obsessive compulsive about my security)

(Sorry for the offtopic question, but coinbase was brought up, so I thought I'd ask.)

As far as I know most problems have been with BUYING BTC from coinbase not SELLING so you should probably be fine.  Although I don't have a lot of knowledge, I only did a couple of test transactions with them.
legendary
Activity: 1204
Merit: 1002
November 18, 2013, 05:40:20 PM
#87
Pedo guy just finished: "There is a secret Internet for drug deals, assassins, and child pornography".
But then he says that the US shouldn't push virtual currencies underground and offshore to uncooperative governments. "Absolute Internet anonymity is a prescription for catastrophe."

The FinCen person didn't seem too worried about Bitcoin.

Up now, the Bitcoin Foundation speaker.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
November 18, 2013, 05:35:38 PM
#86
I get Ernie Allens point but its more like
You can't argue against CP so run in fear
That said at least he is addressing the problem with a logical framework
Would it be possible for someone to create a summary of this after?  I gotta go and won't be able to follow it for a bit.

I see a replay on C-Span Stream 1 for 10:30 today
If someone makes a download will totally download it for later Smiley


BITCOIN FOUNDATION!!!!
full member
Activity: 224
Merit: 100
November 18, 2013, 05:35:15 PM
#85
I like the way he's publicizing bitcoin is a public ledger.
legendary
Activity: 1806
Merit: 1521
November 18, 2013, 05:35:02 PM
#84
Would it be possible for someone to create a summary of this after?  I gotta go and won't be able to follow it for a bit.
hero member
Activity: 686
Merit: 500
Whoa, there are a lot of cats in this wall.
November 18, 2013, 05:33:28 PM
#83
Here comes the child porn guy.  Ugh.  

As noble as his mission may be, everyone's pretty much going to need to ignore everything he says with regard to "virtual currencies".

Edit:  Someone named their site "Pedo Empire"??  

2nd Edit:  Although he did comment that bitcoins are traceable and every transaction is public.  Interesting.
full member
Activity: 160
Merit: 100
November 18, 2013, 05:32:21 PM
#82
if anyone wants to sell, sell to me, ill buy now
hero member
Activity: 686
Merit: 500
Whoa, there are a lot of cats in this wall.
November 18, 2013, 05:31:50 PM
#81
Ending statement was really good. too!!  FYI, as posted in another thread.  Coinbase is out of bitcoins to sell.

I've never sold to coinbase.  But about to sell them about 10 as a test.  How long do they take to transfer the funds to my bank account from the time I transfer them the coins?

It is "normal" ACH so usually 3-4 business days (sometimes 2 days it varies by bank).  No faster or slower than any other ACH transfer (Dwolla -> Bank, PayPal-> Bank, etc).

Would you agree that coinbase is as reliable a business to sell my coins to as any, and I shouldn't expect any problems?  (Now that bitcoins are worth so much, I'm almost obsessive compulsive about my security)

(Sorry for the offtopic question, but coinbase was brought up, so I thought I'd ask.)
donator
Activity: 1218
Merit: 1079
Gerald Davis
November 18, 2013, 05:29:29 PM
#80
Ending statement was really good. too!!  FYI, as posted in another thread.  Coinbase is out of bitcoins to sell.

I've never sold to coinbase.  But about to sell them about 10 as a test.  How long do they take to transfer the funds to my bank account from the time I transfer them the coins?

It is "normal" ACH so usually 3-4 business days (sometimes 2 days it varies by bank).  No faster or slower than any other ACH transfer (Dwolla -> Bank, PayPal-> Bank, etc).
member
Activity: 113
Merit: 10
November 18, 2013, 05:29:08 PM
#79
2-3 days
hero member
Activity: 686
Merit: 500
Whoa, there are a lot of cats in this wall.
November 18, 2013, 05:27:51 PM
#78
Ending statement was really good. too!!  FYI, as posted in another thread.  Coinbase is out of bitcoins to sell.

I've never sold to coinbase.  But about to sell them about 10 as a test.  How long do they take to transfer the funds to my bank account from the time I transfer them the coins?
sr. member
Activity: 267
Merit: 250
November 18, 2013, 05:27:33 PM
#77
Ending statement was really good. too!!  FYI, as posted in another thread.  Coinbase is out of bitcoins to sell.

WOAH!
newbie
Activity: 14
Merit: 0
November 18, 2013, 05:24:47 PM
#76
Ending statement was really good. too!!  FYI, as posted in another thread.  Coinbase is out of bitcoins to sell.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
November 18, 2013, 05:21:23 PM
#75
With great powers come great responsibility
Register with Fincen
Put in Place AML Anti Money Laundering
Maintain Records and Provide Suspicious activity reports to Fincen

Jennifer Shasky Calvery


legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
November 18, 2013, 05:20:26 PM
#74
Fantastic! This sounds great! the Government says they can handle it, they want Bitcoin Jobs to stay in the USA!
hero member
Activity: 874
Merit: 1000
November 18, 2013, 05:19:26 PM
#73

Now talking about what to do to try to keep virtual currency businesses in the USA.
This is hyper-positive.
1) 'present laws are good enough'
2) 'virtual currency is not illegal'
3) 'keep jobs in USA'
4) 'just send us more money - that's all'

lol.  Government is no threat yet.

So long as Jennifer is running the show over there, the government is under good guidance and the right philosophy to let bitcoin grow well.
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