Bitcoins have no implied value, so they aren't subject to this type of regulation to begin with. They aren't gift cards.
No calling card minutes have implied value?
They fall under FinCen definition of "stored value" the lack of legal precedent doesn't meet Bitcoin won't meet the same definition it just means it hasn't happened yet.
Nonsense.
What value is stored? How is it denominated? Who is storing it? How is it redeemed?
Who wants it?
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BoardMining speculation
Re: What happens when the block reward halves to 25?
What will happen is the value of bitcoins will slightly increase. Hoard them.
I'm so-so at predicting swings in the price of BTC but this one's so gimme, I have to. Shortly before the split, people will buy up BTC to hold onto for the long term because eventually the price will go up significantly. That means a gigantic price spike! Then, when the blocks actually do split, the price will start to float upwards until too many decide that's "good enough" and dump off their coins. A little sustained $0.50 dip after weeks of slow raising will spook everyone into thinking they missed the opportunity to sell off their BTC at top price so there will be a massive dump. The miners waiting for the price to stop going up to sell and pay off their ASIC mining hardware debts will dump em off too. That seems extremely likely to happen and similar things have happened in the past.
This could happen, but I expect there will be a delay between the halving and the price floating up. In that time there could be a dip that panics some people.
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BoardGames and rounds
Re: BTCJam forum name verification
by
Bitznbitz
on 15/10/2012, 10:17:02 UTC
I want to link my Bitcointalk name with BTCJam's. Verification code: 02e6a253-e9c7-44a7-9bd2-bb2b35c419bc
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BoardBeginners & Help
Re: Anyone using Bitmit?
by
Bitznbitz
on 08/10/2012, 06:44:49 UTC
I'll have to look at that site again, I was afraid it wasn't getting traffic, like others here have said.
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BoardBeginners & Help
Re: Bets of Bitcoin Guaranteed Bet
by
Bitznbitz
on 08/10/2012, 06:36:28 UTC
Time travel, WHERE ARE YOU?
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Topic
BoardBeginners & Help
Re: Solo mining - Do the coins automatically go in to your 'Wallet'?
Re: [Project Development] CoinWorker.com - earn bitcoin in your browser in minutes
by
Bitznbitz
on 08/10/2012, 05:36:09 UTC
A very interesting site, I've already done some 'mind mining'.
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BoardBeginners & Help
Re: Websites to Earn Bitcoins II
by
Bitznbitz
on 08/10/2012, 05:29:48 UTC
wow there are a lot of places giving out bitcoin.
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BoardBeginners & Help
Re: Top 10 sites all newbies should know about
by
Bitznbitz
on 08/10/2012, 05:27:45 UTC
now this is a great list of sites.
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Topic
BoardMining
Re: Re-purposing of FPGA boards made for mining
by
Bitznbitz
on 08/10/2012, 05:21:48 UTC
I'm sure the NSA has a lot of information about this..
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BoardOff-topic
Re: Should bitcointalk exist?
by
Bitznbitz
on 08/10/2012, 04:34:09 UTC
If bitcointalk did not exist we surely would have invented it.
In one name or facade I believe a site such as this would have come into existence and the fact that it doesn't show only a 'public relations face' for a select group but supports and targets the average user points toward what people want from the Bitcoin movement.
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BoardOff-topic
Re: Why do people play Minecraft?
by
Bitznbitz
on 08/10/2012, 04:12:46 UTC
It isn't all about what you see, but what you can imagine. Same with the 'gameplay', why be led when you can explore.
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BoardOff-topic
Re: Zombie Apocalypse Theme Park (500 Acres) Awsome!