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Showing 20 of 191 results by DublinBrian
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Topic
Board Skandinavisk
Re: Norge vil beskatte Bitcoins
by
DublinBrian
on 30/11/2013, 17:42:54 UTC
Does Paypal charge VAT when Norwegians deposit money? If not, then Bitcoin must be treated the same.

If you read Paypals Legal Agreements you will see that a Paypal balance is not a Euro or a Krona. It is an electronic money issued by Paypal

Quote
Funding an account

To fund an account, a User must either:
 Purchase electronic money from us via their funding source(s). In practice, this means that each time a User requests PayPal to send money, PayPal simultaneously debits the chosen amount from the User’s default funding source (PayPal balance, bank account, debit card or credit card). PayPal then sends this online payment to the intended recipient; or
Accept an online payment that has been issued by us and sent from another PayPal User
A User’s account balance represents the amount of electronic money issued by us (whether it is sent to the User by a third party or purchased directly from us)

Withdrawing funds (redeeming electronic money)

A User with an account that has a credit balance may instruct us at any time to withdraw funds from their account. By doing so, a User can redeem all or part of the electronic money represented by that balance to their registered bank account or if applicable, credit card.

This text can be found if you go to Paypal.ie click on Legal Agreements, "Key Payment and Service Information". I understand that Norway is not in European Union, but surely the legal status of the Paypal service in Norway must be the same?
Post
Topic
Board Politics & Society
Re: Norway Will Tax Bitcoin + VAT
by
DublinBrian
on 30/11/2013, 17:21:01 UTC
The VAT rule can be challenged on the grounds that Paypal are already selling electronic money in Norway and not charging VAT.

If you read Paypals Legal Agreements you will see that a Paypal balance is not a Euro or a Krona. It is an electronic money issued by Paypal

Quote
Funding an account

To fund an account, a User must either:
 Purchase electronic money from us via their funding source(s). In practice, this means that each time a User requests PayPal to send money, PayPal simultaneously debits the chosen amount from the User’s default funding source (PayPal balance, bank account, debit card or credit card). PayPal then sends this online payment to the intended recipient; or
Accept an online payment that has been issued by us and sent from another PayPal User
A User’s account balance represents the amount of electronic money issued by us (whether it is sent to the User by a third party or purchased directly from us)

Withdrawing funds (redeeming electronic money)

A User with an account that has a credit balance may instruct us at any time to withdraw funds from their account. By doing so, a User can redeem all or part of the electronic money represented by that balance to their registered bank account or if applicable, credit card.


https://cms.paypal.com/ie/cgi-bin/?cmd=_render-content&content_ID=ua/ServiceDescription_full&locale.x=en_US

This text can be found if you click on Legal Agreements, Key Payment and Service Information.

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Topic
Board Service Discussion
Re: Instawallet claim process
by
DublinBrian
on 20/07/2013, 08:30:17 UTC
Quote from: Boussac on July 19, 2013, 05:42:26 PM
Bitcoin tx ID = 998d15b620272eb71f48cbfb9695d2a2d8a42738b62e7e348611e504acc4baa6
One of those payouts is for 11509 BTC which is $1,064,927 at todays exchange rate. Wow!

Why would anyone keep a million dollars on a completely unsecured web wallet? Or maybe thats the change address going back to Boussac and Davout for unclaimed funds? Nice little payday for them.

Post
Topic
Board Bitcoin Discussion
Re: Thieves, Govts and Mistakes
by
DublinBrian
on 14/07/2013, 09:20:49 UTC
Quote from: mishrahsigni on July 13, 2013, 01:30:26 AM
I moved all my coins to Blockchain, with double passwords (one to get in, another to withdraw)... passwords I have never used before or written down anywhere... very good passwords.  Sadly, I can not use Yubikey or 2-pass auth here in Argentina.  Nevertheless, I get a message from blockchain at midnight two nights ago saying "Withdrawal from your account".. Of course, I look and yes, the account has been completely wiped out by some address that appears in the ocean off the west African coast. 
It sounds like theres a keylogger on your device thats capturing all your passwords. What kind of device did you use to access the acccounts?

Other people have reported passwords being lifted from Android devices. I would not use an Android device to access high value bitcoin accounts. Any amount more than 20BTC should be kept offline.

BTW the address "off the west african coast" is latitude 0, longitude 0, which is the default location for blockchain when the originating IP is unknown.
Post
Topic
Board Bitcoin Discussion
Re: Wikimedia is irrational in not accepting Bitcoin payment
by
DublinBrian
on 03/07/2013, 17:00:03 UTC
If a hosting service were to offer Wikimedia a large discount if they pay in bitcoins, that might the thing that convinces them that bitcoin has real value.

We need to explain to merchants how they can pay their costs in bitcoin rather than cashing out all their bitcoin revenue through Bitpay.
Post
Topic
Board Press
Re: 2013-6-11 The 51% Attack – What Bitcoin Can Learn From Alt-coin Experiments
by
DublinBrian
on 12/06/2013, 11:29:23 UTC
Quote from: Stephen Gornick on June 11, 2013, 08:28:15 PM
This is why I'll tell anyone who will listen that keeping funds (any funds, Bitcoin, Litecoin, etc.) on an exchange that also deals with a currency other than Bitcoin is taking a big risk.

Your Bitcoins Are Not Safe At Alt-coin Exchanges
 - http://www.bitcoinmoney.com/post/6231627
Thats a really good point. Thanks for that article.
Post
Topic
Board Mining speculation
Re: BTC are doomed
by
DublinBrian
on 02/06/2013, 20:06:45 UTC
Its true that it is perfectly rational for an individual to discard an address with 0.0002 BTC or less because it is insufficient to cover the fee for spending it or combining it with another balance.

If one million people do that then 1,000,000 x 0.0002 = 200 BTC will be lost from the bitcoin money supply.

If that happens each year, then the money supply will experience a resulting annual deflation of 200/11,000,000 = 0.00182%

Thats nothing to worry about IMO
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Topic
Board Press
Re: 2013-05-31 EFF: Thank You, Bitcoin Community
by
DublinBrian
on 02/06/2013, 17:35:42 UTC
I hope that EFF will not convert these bitcoins to dollars, and instead spend them into the bitcoin economy. They should pay for their webhosting or other IT costs directly with these bitcoins. If their webhosting company wont accept payment in bitcoin then they should switch to one who will.

It would be nice if donations to any organisation could be accompanied by a note that they be spent directly and not converted. The more bitcoins that can circulate in the economy without converstion costs, the better it is for the bitcoin ecosystem.
Post
Topic
Board Service Announcements
Re: [ANN] BitcoinSpinner
by
DublinBrian
on 26/05/2013, 21:00:13 UTC
It would be really nice to be able to change the unit to mBTC on BitcoinSpinner. I cant see that option currently.

Small payments are troublesome in BTC. Sometimes I put too many decimal places
Post
Topic
Board Bitcoin Discussion
Re: US Begins Regulating BitCoin
by
DublinBrian
on 22/05/2013, 16:45:12 UTC
Quote from: Viceroy on May 22, 2013, 04:36:53 PM
I do not think the op is a scammer... I think it was a typo.  stop the fud please.
He copied and pasted the URL into the thread, then removed a letter "s" making the text into the address of a respected financial website. How can that be a typo? Get real.
Post
Topic
Board Bitcoin Discussion
Re: US Begins Regulating BitCoin
by
DublinBrian
on 22/05/2013, 16:08:00 UTC
Quote from: ChicagoBob
Source:
http://www.zerohedge.com/news/2013-03-21/us-begins-regulating-bitcoin-will-consider-virtual-transactions-money-laundering

Youve altered the link so that it looks like its going to the well known financial site Zerohedge.com, but your link actually goes to Zerohedges.com

You should get a scammer tag for that, IMO.
Post
Topic
Board Development & Technical Discussion
Re: Concerns regarding deterministic wallet
by
DublinBrian
on 10/05/2013, 15:11:09 UTC
Quote from: DivineOmega on May 09, 2013, 11:01:36 PM
Hi all. I'm considering using Electrum to store a large number of Bitcoins, but the deterministic wallet concerns me a bit.
I'm under the impression the completely random address generation of Bitcoin-QT is more secure, as a potentially attacker would need to guess every private key to spend your entire wallet.
While with Electrum only one secret (the seed) is required to spend the entire wallet
Am I correct here or am I completely missing something?
I really want to use Electrum, as I have an old netbook with very little storage that is struggling to hold the entire blockchain (< 900 MB remaining) and struggling dealing with Bitcoin-QT's IO requirements.
I really want to know if my concerns regarding deterministic wallets are valid.
Also, I suppose I should ask if Electrum can be used without a deterministic wallet?

You can use Electrum without any risk even if your seed is captured by a hacker. The seed doesnt give access to imported keys.

Generate some new keys using the javascript available on bitaddress.org and then import them into Electrum.
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Topic
Board Bitcoin Discussion
Re: Bitcoin on Oanda
by
DublinBrian
on 22/04/2013, 21:29:21 UTC
Quote from: chris_oanda on April 22, 2013, 09:08:24 PM
Strange, it should be there.

Do you mind clearing your cache? If that doesn't work, can you fill out http://www.oanda.com/site/contact/feedback? I'll reply and try to figure out why it's not showing up for you.
I tried clearing cache. Still not showing bitcoin in dropdown box. Also I tried two different browsers Firefox and Chrome coming from two different IP numbers. Still not showing.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin on Oanda
by
DublinBrian
on 22/04/2013, 20:55:36 UTC
Bitcoin is not showing up in the OANDA Currency Converter dropdown box for me right now. Im looking under "B". Am I doing something wrong?
Post
Topic
Board Press
Re: 2013-04-11 Bloomberg - Pozen Says Bitcoin Will 'Go Away'
by
DublinBrian
on 22/04/2013, 09:50:27 UTC
Quote from: Gordonium on April 21, 2013, 01:01:57 PM
"Adam Posen, former Bank of England board member"

Nuff said.
The membership of the board cycles very quickly through members to give all the bureaucrats their time at the feeding trough. Doling out sinecures to economists, is how they buy off any opposition to money printing.

Post
Topic
Board Press
Re: 2013-03-25 - TDV - Worlds First Bitcoin ATM is Announced- First Location:Cyprus
by
DublinBrian
on 06/04/2013, 18:40:20 UTC
What are they going to do with the euros they receive in the ATM?  Put it in a Cyprus bank account? They cant fly it out. An island surrounded by water combined with capital controls can make things difficult.

Maybe they have access to a vault in Cyprus where they can store the cash? I wouldnt be surprised if GoldMoney have a secure vault in Cyprus. Anyone know?
Post
Topic
Board Economics
Re: Bitcoin bubbles usefulness for regular people
by
DublinBrian
on 06/04/2013, 18:11:11 UTC
The first graph is good. Its very clear in explaining some characteristics of the bitcoin price trend. It will be useful in explaining bitcoins value to journalists and other interested parties. Thanks for that contribution.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin on Oanda
by
DublinBrian
on 04/04/2013, 19:07:49 UTC
This is amazing news!

OANDA is probably the most respected forex trading platform available to retail clients.
Post
Topic
Board Press
Re: 2013-04-03 Forbes - bitcoin-obliterates-state-theory-of-money - Matonis
by
DublinBrian
on 04/04/2013, 11:52:22 UTC
Good rebuttal of Denningers article.

Judging from the discussion on Denningers forum it looks like a majority of his own forum users are in favour of bitcoin.
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Topic
Board Service Discussion
Re: Instawallet/Bitcoin-Central Security Breach
by
DublinBrian
on 02/04/2013, 14:37:30 UTC
Quote from: Rampion on April 02, 2013, 01:34:43 PM
sending your funds to a wallet consisting in an non-password protected URL is RIDICOLOUS
These services have their place. Instawallet is a brilliant service for introducing newbies to bitcoin. A newbie can have a bitcoin address up and running and making payments, literally within seconds. In this era of short attention spans, the Instawallet service is invaluable for spreading bitcoin adoption.

I frequently tell friends to visit Instawallet.org and quote me the address they see. Then I send some small change to that address. They immediately "get" bitcoin.