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Showing 11 of 11 results by Whosull
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Board Collectibles
Re: NOLACOIN.COM Is Back! 0.5,1, 3BTC Physical Coin LASER ENGRAVED - GLOBAL SHIPPING
by
Whosull
on 21/05/2014, 01:58:25 UTC
?? Any updates?
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Topic
Board Bitcoin Discussion
Re: Schrödinger's Bitcoin Thought Experiment
by
Whosull
on 13/02/2014, 08:00:02 UTC
I was more referencing the likelihood of similar skeptics in 1935.  And how if everyone had listened, we would have lost out on the last 75+ years of research into one of the foundations of Quantum Mechanics.

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Board Bitcoin Discussion
Re: Schrödinger's Bitcoin Thought Experiment
by
Whosull
on 13/02/2014, 07:41:43 UTC
.... it is there, else not, before that it is meaning less to ask.

I feel like with enough effort I could find a newspaper giving this exact quote in 1935 over the original postulate.

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Board Bitcoin Discussion
Re: Schrödinger's Bitcoin Thought Experiment
by
Whosull
on 13/02/2014, 06:09:35 UTC
Not only is Bitcoin revolutionizing the financial industry, but Quantum Mechanics as well?! Nice.
 
Both states exist simultaneously until observed.  Unless your more of a Many-Worlds interpretation kind of person.
I'll have to reread Cosmic Banditos and get back to you..
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Topic
Board Collectibles
Re: NOLACOIN.COM Is Back! 0.5,1, 3BTC Physical Coin LASER ENGRAVED - GLOBAL SHIPPING
by
Whosull
on 12/02/2014, 07:33:42 UTC
Brief outline of my order with Nolacoin:

1/25/14   - PMed arashd with a couple questions prior to order. Quick detailed response same day.
1/26/14   - Placed my order via his website - automated invoice emailed immediately with customer service contact numbers.
1/27/14   - Email received with tracking information
1/31/14   - UPS tried delivering the package, but no one was home to sign for it..
2/3/14    - Package received!  Checked blockchain, each coin funded with .01 as described
2/4/14    - PM sent, arashd had them fully funded within hours.

2/11/14  - Finally made it home myself(out of town working).   

I'm impressed on all fronts.   The coins are amazing.   You go pretty indepth about your laser system and I can see why. 
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Board Collectibles
Re: CASASCIUS PHYSICAL BITCOIN - In Stock Now! (pic)
by
Whosull
on 09/02/2014, 14:00:07 UTC
Quite honestly I don't even understand the FINCEN claims. How is Mike a money transmitter if no USD ("real money") is touched?

I don't know what FINCEN's specific claims are, but he is literally a money transmitter. Someone sends him bitcoins ("convertible virtual currency") and he mails bitcoins to someone. I doubt they are concerned about him selling single small denomination coins, but he does sell large denominations (100 BTC bar) and coins in bulk (rolls of 20 or 50 BTC) that are worth multiples of $10,000.
That's just ridiculous, isn't it? Why would anybody who wants to transmit some bitcoins from point A to point B choose such a cumbersome method (buy overpriced physical token and have it snail-mailed somewhere, that's like printing out an email and faxing it to someone who OCRs it) when the virtual bitcoins can be sent to any address via the blockchain for a low transaction cost. Let alone the fact that the bitcoins aren't even on the coins during the shipping process. They're sent to the coins addresses via the blockchain afterwards, specifically to avoid customs trouble.
I think the only difference here is that they have a guy to pin this down on. Otherwise it would mean that any blockchain transaction constitutes money transmitting.

Bitcoins sent through the block chain are traceable, while bitcoins sent through Mike are not. Furthermore, transactions using his coins are as anonymous as cash, so they probably want to know who is buying his coins.

To avoid having to register with each state independently (and the additional due diligence/regulation that a small company often can't support) what would a "KYC Service" or "Provider" do to Mike's situation?

If FinCEN's goal in this scenario is a honest straight forward attempt to enforce Know Your Customer, what if a larger exchange or service provider type organization could take on that responsibility?  Coinbase for example, already registered in all 50 states, providing apparently adequate KYC and due diligence.    If they stepped in as a "KYC Provider" could my transaction, from CB verified account/wallet, sent directly to Cassascius, not be accompanied by an email with my registered shipping address and proof of identity?

Unfortunately this borders on adding a middleman, potential fees for said service ect.  I do think it would allow a number of smaller niche companies to operate by passing most of the KYC responsibility onto someone else.   I wouldn't mind seeing a well made browser wallet offer this.

I doubt a wallet or service like this would be necessary in most situations, but I do see occasions when both buyer and seller would benefit.

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Topic
Board Collectibles
Re: NOLACOIN.COM Is Back! 0.5,1, 3BTC Physical Coin LASER ENGRAVED - GLOBAL SHIPPING
by
Whosull
on 08/02/2014, 13:43:05 UTC
Good news. Excited to see the new coins!
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Topic
Board Altcoin Discussion
Re: bitcoins effect on the "real" markets...AMD may be the first
by
Whosull
on 26/12/2013, 02:44:20 UTC
Thinking of going long on AMD due to the litecoin mining arms race. Thoughts/opinions?

Had the same idea a couple weeks ago and went over AMD's past couple quarterly financials.  Could not get a real clear picture as to what portion of their revenue/business is directly related to the popular mining GPU lines.  Someone with a little more experience with AMD records might have a better idea.

 While I do think it is significant enough to increase their numbers for Q4, I don't think it will be as influential as it would for an actual card manufacturer(HIS, MSI, Saphire ect.) Unfortunately the couple I've researched are private companies or part of large foreign holding groups...
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Board Goods
Re: Titan Bitcoins - Physical Bitcoins with 2-factor authentication
by
Whosull
on 24/11/2013, 06:16:33 UTC
Love the design and look of your coins. Any updates on the other denominations?

Also, what are yours plans for the "Goldine" Titan One once the silver edition is out?
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Board Collectibles
Re: CASASCIUS PHYSICAL BITCOIN - In Stock Now! (pic)
by
Whosull
on 24/11/2013, 05:17:48 UTC
Hello, maybe you can enlight me, I search the information about how much 2011 1BTC brass series 2 where made, and I don't find it anywhere

From the Casascius Bitcoin Analyzer, 1799 coins from 2011 are series 2.  Leaving 4567 from 2011 as series 1.
Meaning if this is accurate s2 is substantially more rare for a 2011 coin.

http://casascius.uberbills.com/?page=charts&year=2011

Those values do include all denominations of coins, not just 1BTC.   

The 2012/2013 charts give a similar ratio for s1/s2. 
 
Though I don't recall having seen a 1BTC s1 for these years in person..
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Topic
Board Beginners & Help
Re: what is the best exchange to buy bitcoin?
by
Whosull
on 23/11/2013, 22:35:37 UTC
I was somewhat considering using Coinbase, can you be a little more specific as to any issues you have had with them?

They seem to be a simple option for setting up bitcoin merchant accounts..