NXT :: descendant of Bitcoin - Updated Information - page 1014.

xyzzyx

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I don't really come from outer space.

Quote from: Voluntold on February 07, 2014, 03:34:23 PM

All I know is that the government can not stop crypto-currencies, aside from maybe shutting down the internet indefinitely, which isn't going to happen. And historically, anything the government bans, tends to drive UP the price. Fact: Something like 25% of the world's economy is black market. Crypto-currencies were MADE for the black market.

This always seemed weird to me. I mean, the ledger of transactions is public after all. To me it seems foolish to use a public ledger when funding illegal activities. But perhaps I just haven't thought it through since I don't care about drugs.

msin

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Quote from: minusbalancer on February 07, 2014, 02:10:46 PM

Quote from: msin on February 07, 2014, 01:33:04 PM

Do we have a thread for those who deserve Dev Bounties from unclaimed Nxt? I recommend the following allocation for dev:

l8oore (asset exchange) - 200k

We can add to these amounts in the future for ongoing projects.

I would like to see an asset exchange in action... cause i was going to implement it.
Since it is already done not sure if i will have to do so.

Yes, to be clear, these are for finished product, in the case of QBTC, it's more of a maintenance fee.

Voluntold

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Quote from: Anon136 on February 07, 2014, 03:16:32 PM

Quote from: xyzzyx on February 07, 2014, 03:13:44 PM

Quote from: Anon136 on February 07, 2014, 03:10:42 PM

doesnt this mean its illegal to sell anything on craigslist? i mean would it be different if someone sold their bicoins on craigslist instead of localbitcoins? are bitcoins legally speaking any different from any other good that you might buy on craigslist?

It's the dollar amount. They ran up against anti-money laundering laws.

The feds have an amount ($10,000) and states and local jurisdictions may have their own laws on the subject too.

It's a mine-field for those of us in the US.

so then people buying cars for > 10,000 on craigslist are breaking the law?

I'd say yes. The difference is that people buying and selling used cars has been going on for a long time, it still gets taxed in some form (dmv fees), and it doesn't threaten the government's power in any way, unlike bitcoin/cryptos.

All I know is that the government can not stop crypto-currencies, aside from maybe shutting down the internet indefinitely, which isn't going to happen. And historically, anything the government bans, tends to drive UP the price. Fact: Something like 25% of the world's economy is black market. Crypto-currencies were MADE for the black market.

xyzzyx

sr. member

Activity: 490

Merit: 250

I don't really come from outer space.

Quote from: Anon136 on February 07, 2014, 03:21:09 PM

Quote from: xyzzyx on February 07, 2014, 03:18:00 PM

Quote from: Anon136 on February 07, 2014, 03:16:32 PM

Quote from: xyzzyx on February 07, 2014, 03:13:44 PM

Quote from: Anon136 on February 07, 2014, 03:10:42 PM

doesnt this mean its illegal to sell anything on craigslist? i mean would it be different if someone sold their bicoins on craigslist instead of localbitcoins? are bitcoins legally speaking any different from any other good that you might buy on craigslist?

It's the dollar amount. They ran up against anti-money laundering laws.

The feds have an amount ($10,000) and states and local jurisdictions may have their own laws on the subject too.

It's a mine-field for those of us in the US.

so then people buying cars for > 10,000 on craigslist are breaking the law?

I don't believe so since a car is a physical good. It has to do with money-for-money transmission/exchange.

OWOW bitcoin is considered money in the us now?

I think I might be incorrect on the details. Looks like all over $10k *cash* transactions must be reported. A lawyer would be the best one to ask.

bithic

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Quote from: ChuckOne on February 07, 2014, 12:49:45 PM

Quote from: Anon136 on February 07, 2014, 12:41:53 PM

you know guys. we could cut out the dollar by tying our main token that we trade with to something extremely liquid but lacking other properties of money. the nxt token representation of the object will give it its strong money characteristics and the high liquidity of the item its tied to could give a stable and recognizable price.

so just as an offhand example, the basic pricing could be done by having the main medium of exchange be a token that represents 1 egg. say i am an egg farmer, i issue 1 million grade a egg colored tokens. the nxt/egg cross becomes the deepest and most liquid token in the market and so then nxt becomes priced in eggs. if you want to know what the value of a nxt is in dollars then you go to the supermarket and check out the price of eggs and just do the conversion. if you want eggs than you just trade 1 token for 1 egg to the egg farmer.

eggs probably bag example. ill try to think of something better.

Don't see how this should convert to real egg prices? If we cut out the dollar and the supermarket only accepts dollars then there's no link between real eggs and nxt eggs.

Supermarket should accept NXTs then we get the price real.

Apparently BTC China is using vouchers.

http://www.cryptonews.biz/btc-china-selling-vouchers-on-chinese-auction-site/

http://www.reddit.com/r/Bitcoin/comments/1tnf8e/btcchina_adds_a_fundingwithdrawal_option_btcc/

FrictionlessCoin

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Cryptotalk.org - Get paid for every post!

Quote from: Anon136 on February 07, 2014, 03:21:09 PM

Quote from: xyzzyx on February 07, 2014, 03:18:00 PM

Quote from: Anon136 on February 07, 2014, 03:16:32 PM

Quote from: xyzzyx on February 07, 2014, 03:13:44 PM

Quote from: Anon136 on February 07, 2014, 03:10:42 PM

doesnt this mean its illegal to sell anything on craigslist? i mean would it be different if someone sold their bicoins on craigslist instead of localbitcoins? are bitcoins legally speaking any different from any other good that you might buy on craigslist?

It's the dollar amount. They ran up against anti-money laundering laws.

The feds have an amount ($10,000) and states and local jurisdictions may have their own laws on the subject too.

It's a mine-field for those of us in the US.

so then people buying cars for > 10,000 on craigslist are breaking the law?

I don't believe so since a car is a physical good. It has to do with money-for-money transmission/exchange.

OWOW bitcoin is considered money in the us now?

No, but accepting $10,000 is under money laundering laws.

Anon136

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Activity: 1722

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Quote from: xyzzyx on February 07, 2014, 03:18:00 PM

Quote from: Anon136 on February 07, 2014, 03:16:32 PM

Quote from: xyzzyx on February 07, 2014, 03:13:44 PM

Quote from: Anon136 on February 07, 2014, 03:10:42 PM

doesnt this mean its illegal to sell anything on craigslist? i mean would it be different if someone sold their bicoins on craigslist instead of localbitcoins? are bitcoins legally speaking any different from any other good that you might buy on craigslist?

It's the dollar amount. They ran up against anti-money laundering laws.

The feds have an amount ($10,000) and states and local jurisdictions may have their own laws on the subject too.

It's a mine-field for those of us in the US.

so then people buying cars for > 10,000 on craigslist are breaking the law?

I don't believe so since a car is a physical good. It has to do with money-for-money transmission/exchange.

OWOW bitcoin is considered money in the us now?

xyzzyx

sr. member

Activity: 490

Merit: 250

I don't really come from outer space.

Quote from: Anon136 on February 07, 2014, 03:16:32 PM

Quote from: xyzzyx on February 07, 2014, 03:13:44 PM

Quote from: Anon136 on February 07, 2014, 03:10:42 PM

doesnt this mean its illegal to sell anything on craigslist? i mean would it be different if someone sold their bicoins on craigslist instead of localbitcoins? are bitcoins legally speaking any different from any other good that you might buy on craigslist?

It's the dollar amount. They ran up against anti-money laundering laws.

The feds have an amount ($10,000) and states and local jurisdictions may have their own laws on the subject too.

It's a mine-field for those of us in the US.

so then people buying cars for > 10,000 on craigslist are breaking the law?

~~I don't believe so since a car is a physical good. It has to do with money-for-money transmission/exchange.~~

Edit: I could be wrong about that, though, from reading the Wiki article it says *all* cash transactions over $10k.

Anon136

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Quote from: xyzzyx on February 07, 2014, 03:13:44 PM

Quote from: Anon136 on February 07, 2014, 03:10:42 PM

doesnt this mean its illegal to sell anything on craigslist? i mean would it be different if someone sold their bicoins on craigslist instead of localbitcoins? are bitcoins legally speaking any different from any other good that you might buy on craigslist?

It's the dollar amount. They ran up against anti-money laundering laws.

The feds have an amount ($10,000) and states and local jurisdictions may have their own laws on the subject too.

It's a mine-field for those of us in the US.

so then people buying cars for > 10,000 on craigslist are breaking the law?

pandaisftw

full member

Activity: 224

Merit: 100

Quote from: ?? on ??

yano the aliases?? are they something that could be sold in the future like domain names or are they just guna be for personal use or what??

Yes.

xyzzyx

sr. member

Activity: 490

Merit: 250

I don't really come from outer space.

Quote from: Anon136 on February 07, 2014, 03:10:42 PM

doesnt this mean its illegal to sell anything on craigslist? i mean would it be different if someone sold their bicoins on craigslist instead of localbitcoins? are bitcoins legally speaking any different from any other good that you might buy on craigslist?

It's the dollar amount. They ran up against anti-money laundering laws.

The feds have an amount ($10,000) and states and local jurisdictions may have their own laws on the subject too.

It's a mine-field for those of us in the US.

gimre

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Activity: 866

Merit: 1002

Quote from: swartzfeger on February 07, 2014, 03:01:21 PM

Quote from: Ola on February 07, 2014, 02:35:19 PM

Breaking...God help us: http://www.coindesk.com/localbitcoins-users-criminal-charges-florida/

Where the f*ck is the ACLU? (for non-USians, a group that supposedly defends and preserves individual rights)

This raises an issue I've been thinking about quite a bit... we all joke about having drinks on a beach in the Maldives if (when) Nxt goes lunar. Even exchanging small amounts will draw attention.

You want to exchange some of your NXT to buy a house ($150,000 USD). Instead of a lump sum, you exchange and deposit $5000/day for a month. Think you won't be getting a call or a visit?

Once the government figures out how to tax this we'll no longer be criminals.

We have separate law for foreign currencies, and separate for what german calls https://de.wikipedia.org/wiki/Devisen (don't put it into translate, it'll return non-understandable crap).

I doubt that crypto currencies will be ever treated as currencies (as most countries requires currencies to be emitted by a Nation),
but I think they could be treated as "Devisen"

Anon136

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Activity: 1722

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Quote from: swartzfeger on February 07, 2014, 03:01:21 PM

Quote from: Ola on February 07, 2014, 02:35:19 PM

Breaking...God help us: http://www.coindesk.com/localbitcoins-users-criminal-charges-florida/

Where the f*ck is the ACLU? (for non-USians, a group that supposedly defends and preserves individual rights)

This raises an issue I've been thinking about quite a bit... we all joke about having drinks on a beach in the Maldives if (when) Nxt goes lunar. Even exchanging small amounts will draw attention.

You want to exchange some of your NXT to buy a house ($150,000 USD). Instead of a lump sum, you exchange and deposit $5000/day for a month. Think you won't be getting a call or a visit?

Once the government figures out how to tax this we'll no longer be criminals.

doesnt this mean its illegal to sell anything on craigslist? i mean would it be different if someone sold their bicoins on craigslist instead of localbitcoins? are bitcoins legally speaking any different from any other good that you might buy on craigslist?

xyzzyx

sr. member

Activity: 490

Merit: 250

I don't really come from outer space.

Quote from: swartzfeger on February 07, 2014, 03:01:21 PM

Quote from: Ola on February 07, 2014, 02:35:19 PM

Breaking...God help us: http://www.coindesk.com/localbitcoins-users-criminal-charges-florida/

Where the f*ck is the ACLU? (for non-USians, a group that supposedly defends and preserves individual rights)

Like vampires, they don't come in uninvited.

swartzfeger

full member

Activity: 350

Merit: 100

Quote from: Ola on February 07, 2014, 02:35:19 PM

Breaking...God help us: http://www.coindesk.com/localbitcoins-users-criminal-charges-florida/

Where the f*ck is the ACLU? (for non-USians, a group that supposedly defends and preserves individual rights)

This raises an issue I've been thinking about quite a bit... we all joke about having drinks on a beach in the Maldives if (when) Nxt goes lunar. Even exchanging small amounts will draw attention.

You want to exchange some of your NXT to buy a house ($150,000 USD). Instead of a lump sum, you exchange and deposit $5000/day for a month. Think you won't be getting a call or a visit?

Once the government figures out how to tax this we'll no longer be criminals.

salsacz

hero member

Activity: 490

Merit: 504

Quote from: Come-from-Beyond on February 07, 2014, 02:54:40 PM

Quote from: salsacz on February 07, 2014, 02:51:28 PM

Quote from: Ola on February 07, 2014, 02:25:06 PM

so the real question is satoshi ==bcnext??

nope, a few years ago bcnext said he doesn't use C

Do u have the link?

I dont want to exploit his identity

Come-from-Beyond

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Newbie

Quote from: salsacz on February 07, 2014, 02:51:28 PM

Quote from: Ola on February 07, 2014, 02:25:06 PM

so the real question is satoshi ==bcnext??

nope, a few years ago bcnext said he doesn't use C

Do u have the link?

Ola

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Activity: 311

Merit: 250

Quote from: Come-from-Beyond on February 07, 2014, 02:35:34 PM

Quote from: pinarello on February 07, 2014, 02:33:09 PM

Quote from: Come-from-Beyond on February 07, 2014, 02:29:37 PM

Quote from: Ola on February 07, 2014, 02:25:06 PM

Random: In my research for current project for nxt I think I found Bcnext..In a 2012 thread he referenced a blockchain based coin he had been working on since 2010 with 1000tps, low cpu resource usage and parallel / meta chains...he also uses two spaces after a period coincidence??! thing is I don't think would be my place to disclose this information....

so the real question is satoshi ==bcnext??

I will give only one hint in phrase form if cfb promises to say yay or nay to the hint.

I explained why BCNext can't be Satoshi, but evil moderators deleted the whole thread I referenced there - https://bitcointalksearch.org/topic/m.4873326

just say aye

I could say yay or nay but why do u think that I know the correct answer?

Because you communicate with bcnext and might know other info...I would agree that you may not know the answer, if the identity of the alias "bcnext" is all you know.

cryptolawyer

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Quote from: cryptolawyer on February 07, 2014, 02:41:21 PM

Quote from: brooklynbtc on February 07, 2014, 12:31:55 PM

Quote from: cryptolawyer on February 07, 2014, 12:27:46 PM

Quote from: brooklynbtc on February 07, 2014, 11:59:07 AM

Quote from: Anon136 on February 07, 2014, 11:48:55 AM

Quote from: Come-from-Beyond on February 07, 2014, 11:24:27 AM

Quote from: Anon136 on February 07, 2014, 11:18:04 AM

rofl. i completely missed that thread where i was mentioned like a dozen times

U should monetize ur reputation. If u were a fiat gateway operator for Asset Exchange, u would help the community a lot. I would accept dollars issued by u without any doubt. Think of such a business plz...

I was planning on being the silver bullion gateway but I could also do fiat.

Does anyone have any thoughts on US based fiat exchange? Seems you have all the FINCEN registration to go through.
What does localbitcoins do? Fly under the radar? I bought my first Btc in person from localbitcoins, from a daytrader literally on wall street.

I will gladly make myself available as a New York based fiat exchange, but trying to sort the legality.

Stop by the NY Bitcoin Center at 40 Broad on Monday night and throw some NXT into the mix. I was there last week and Doge was being traded alongside BTC.

If you do, I'll know who you are, and come over and introduce myself.

Hey CL

What's the usual method of trading over there? fees?
I would imagine offering NXT is a little harder, what with phone apps and wallets. Def need a laptop with you I assume?

I didn't actually trade myself when I went to check out the space; but there was a live auction going on with buyers and sellers trading face to face. Plenty of space to sit down with a laptop and work the transfer if you find a counterparty.

In light of the localbitcoins arrest in FL, it will be interesting to see who shows up at Monday's event here in NY...

salsacz

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Activity: 490

Merit: 504

Quote from: Ola on February 07, 2014, 02:25:06 PM

so the real question is satoshi ==bcnext??

nope, a few years ago bcnext said he doesn't use C

Topic: NXT :: descendant of Bitcoin - Updated Information - page 1014. (Read 2761644 times)