Hi all,

I have money in a UK bank account and I would like to send it to somebody in Malaysia.

It seems simple enough to go GBP -> BTC then BTC -> MYR.

But the recipient is unwilling to open any crypto related accounts currently and, due to AML, I cant use, for example, Local Bitcoins combined with their local bank account (as it's in a different name and would fail verifiation).

Is there any other way currently?  Or must I wait for the industry to mature further?

$75,000/BTC

Was just surprised to see, stamp is normally close to finex... I just closed my long position on bitfinex at 603 hoping to reopen lower.

Bitfinex seems to be pulling away from stamp... why?!

(I don't like seeing price action I don't recognise!)

Morning all... this morning new's here in the UK included the University of Cumbria accepting BTC:

http://www.independent.co.uk/student/news/cumbria-becomes-first-public-university-in-the-world-to-accept-bitcoin-in-tuition-fees-9074700.html

http://www.bbc.co.uk/news/uk-england-cumbria-25824968

This is very close to home for me!

EDIT: Just realised this is old news, from 21st.  It was reported only this morning on TV.

Aha!  Thanks of course, the price is bought UP to $10k.  Makes sense now.

Correct me if I'm wrong.

Current market cap is roughly $900 x 12m coins = $10.8bn

To go to $10,000/BTC market cap (with current coin count) would have to be $10,000 x 12m = $120bn.

So to go to those levels we need an extra $109bn invested... suddenly wall street's 'hundreds of millions' doesn't seem so great, not even pushing us to $1000?

I must be making a mistake in the maths, please point it out.

Gox going for 0.800!  (0.790 atm)

I learned my lesson not to panic sell a while back.  I resisted the temptation to sell at around 1.000, but wish I hadn't

Head, shoulders, knees and toes formation.

Looks like we're going up.

Wow some people my point exactly.

Wow, such strong feelings on the matter.

To me mBTC makes much more sense, I was all for it when price passed $0.50/mBTC OR $500/BTC... whichever you prefer  we can use them interchangeably easily enough.

I just think it removes a psychological barrier for folk still getting into bitcoin who think the price is 'too high' because they don't necessarily understand the divisibility aspect.

As for what to verbally call them... then I don't know, milibits?  I'll leave that to the crowd!

I prefer mBTC... now we're passed it $1,203/BTC, $1.203/mBTC.

Gox just touched 1.2 USD/mBTC...

And bounce!  Been to 758 Gox, now at 891 

Haha.  There was once a I time would have panic sold and rebought at a loss but this ship aint going down, just wondering who's doing the same now..  Unfortunately I have no fiat in the sidelines to go 'the other way'

Well we're seeing some action.  Anybody panic sold yet?

Nope.  I'm from the UK and can say I've never been to Alderney, and I can't imagine going there to exchange a bitcoin.

What a bizarre concept.

Not sure but it does sound bizarre.  The original Financial Times article might give more details but it's behind a paywall... anybody have access?

It says an independent company would hold the coins' private keys in escrow ready to be exchanged by paying a visit to the island.  Can anyone else see the problem with this?  Doesn't this open the door to fractional reserve?  What's to stop them issuing more coins than they have keys?