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Showing 20 of 38 results by ashleyconnor
Re: EasyXchange.net - New exchanging service | PM/Ukash/Paysafecard - BTC/LTC
36% PSC Fee...really cheap. Why not 50% or 100%? 
I know UKash charge merchants 8% not sure about PSC.
So that's a 22% markup...
Re: UK bitcoin users/ business owners - Please read this
thank you for showing proof of why banks wont trust you (the people with bitcoin ideologies (not making personal attacks)).
you think you can ignore the FIAT laws because its in the best interest of bitcoin users. this is why you should not be dealing with fiat on a large scale. if you dont like fiat laws then set up a altcoin exchange that does not trade in fiat. purely altcoin to alt coin.
if you want to trade in fiat then follow the fiat laws. its just that simple.
you think you can ignore the FIAT laws because its in the best interest of bitcoin users. this is why you should not be dealing with fiat on a large scale. if you dont like fiat laws then set up a altcoin exchange that does not trade in fiat. purely altcoin to alt coin.
if you want to trade in fiat then follow the fiat laws. its just that simple.
Again I'm not sure why this is directed at me when I've stated several times that Bitcoin exchanges should be following KYC and taking IDs from all clients including those that don't touch fiat (altcoin <-> altcoin).
Legally you may very well be able to do altcoin <-> altcoin exchanges and require no ID but I'd take it pre-emptively in-case money laundering is occurring.
Once an account is verified then there's no need to re-verify a client from a KYC perspective. That's just unnecessary friction.
Re: UK bitcoin users/ business owners - Please read this
Other than that your webcam idea is too much friction. Customers will just go elsewhere.
again.. people not wanting to do KYC !!!!
as for going elsewhere. tell me what "elsewhere" services allow UK bank Faster payment..
by being legal in the UK you have to do KYC. if you want to run a business in a different country/avoiding KYC, then your dodging FIAT laws, avoiding bringing new enterprise to UK and also adding extra costs to the customer (fiat exchange rates, delays)
this thread is about UK business owners wanting UK infrustructure. not passports to move to malta
There's no doubt you have to do KYC but getting on a webcam everytime you want to login or move money is a massive amount of friction to customers. Bitcoin's main demographic is males 18-25 who distrust government and value their privacy. I doubt they'd use your 1984 exchange.
Scanning your passport and uploading it to somebody who could be storing it insecurely is bad enough.
I don't know where your passports and Malta comment came from...
Re: UK bitcoin users/ business owners - Please read this
the problem i see many times is that people wanting business accounts, do not want to do KYC. and that is the issue. even if you stick below the EU wire transmission limits to not need a licence. still do KYC.
if you dont want to do KYC then you dont want to handle the bankers patented product (FIAT). remember FIAT is not your property. its just an IOU of something that the banks OWN. you simply have to follow the financial rules if you want to handle their product.
which is why we love bitcoin,.. the day when we can buy groceries and pay our rent without the headache of banking will be the best day ever.
if you dont want to do KYC then you dont want to handle the bankers patented product (FIAT). remember FIAT is not your property. its just an IOU of something that the banks OWN. you simply have to follow the financial rules if you want to handle their product.
which is why we love bitcoin,.. the day when we can buy groceries and pay our rent without the headache of banking will be the best day ever.
It's not always about KYC.
London Gold Exchange had some of the strictest KYC requirements and they still had their UK banks closed.
Other than that your webcam idea is too much friction. Customers will just go elsewhere.
Re: UK bitcoin users/ business owners - Please read this
Right, which is why I haven't said anything about legally forcing them to or anything.
I'd rather find strategies for getting them to see that it can be in their interest, find banks that can be worked with, etc.
It is a real barrier to bitcoin business to not be able to have a bank account that your customers can easily deal with and have trust in.
I'd rather find strategies for getting them to see that it can be in their interest, find banks that can be worked with, etc.
It is a real barrier to bitcoin business to not be able to have a bank account that your customers can easily deal with and have trust in.
Have you tried Metro bank?
My friend is Somalian and had a million and one issues with the whole funding terrorism thing when he got into some sort of mining deal with some Somalians back home and Metro were the only bank that'd touch him with a bargepole.
I think they're only in London though
Intersango banked with them. I'm pretty sure they've had their accounts closed.
Personally I'd approach the FSA and apply for a Money Transfer license even though technically you do not need it.
Next is to register with HMRC as a High Value Dealer. Let them know you're at risk for money laundering and ask how you can protect yourself.
Your business plan should emphasise how you plan to combat money laundering and fraud, for example by accepting payments that cannot be 'charged-back'. Then walk into the bank armed with all this and you might have a fighting chance.
----
It's not just UK banks that don't want anything to do with Bitcoin. I approached Currency Fair with the hope of being able to accept international wires to exchange to Bitcoin and although they were receptive at first, an interview on BBC Radio 1 with regards to Silk Road ended that.
Now they explicitly forbid even personal transfers to Bitcoin exchanges in their FAQ.
Re: Zerocoin, the bitcoin killer? Time will tell but I say yes
You do know that ZeroCoin is a protocol change to *coin?
It's not designed to be it's own crypto- currency unless the dev team has run out of patience with it being adopted and decided to fork.
From the github page:
It's not designed to be it's own crypto- currency unless the dev team has run out of patience with it being adopted and decided to fork.
From the github page:
Quote
Zerocoin: C++ lib for anonymous extension to bitcoin
They stated that they intended it to be its own coin now - zerocash, iirc. Of course it could be rolled into *coin later.
I also saw that their next paper update should be available shortly (end of Feb, supposedly, from their twitter account).
:-)
You are correct. I've just read the article:
Quote
Dr Green says that he and his colleagues were unable to gain enough support from the Bitcoin community to allow Zerocoin to operate within the ecosystem. This led them a few weeks ago to create a plan to launch a full-fledged alternative currency. The Zerocoin system will be based on the open-source Bitcoin software code, and will allow both zero-knowledge coins and Bitcoin-style public/private key coins to co-exist.
So they are forking due to lack of interest by Bitcoin.
So do I think that ZeroCoin can replace Bitcoin? No. But they will definitely swallow up SilkRoad like transactions which is good for Bitcoin.
Re: Zerocoin, the bitcoin killer? Time will tell but I say yes
You do know that ZeroCoin is a protocol change to *coin?
It's not designed to be it's own crypto- currency unless the dev team has run out of patience with it being adopted and decided to fork.
From the github page:
It's not designed to be it's own crypto- currency unless the dev team has run out of patience with it being adopted and decided to fork.
From the github page:
Quote
Zerocoin: C++ lib for anonymous extension to bitcoin
How the hell do you register at Intersango? I can't find any link for registration on their site. Am I dreaming or what?
They're not taking new customers.
For the record I got offered to "rent" the domains, because apparently the .net and .com versions belong to the same person.
Looks like it.
Was this offer made to you recently?
I see both sides, but honestly, it was a dick move to sell the domain to anyone but Bitcoin Central. You KNOW it will be used for phishing. You KNOW some Bitcoin users will be scammed by this. And yet you do it anyway, all for a thousand bucks. Hope you're happy with it and can still sleep at night, anyway...
If I'd sold it for the price davout wanted then I'd be down around $20 now.
How would you have "held me over the coals" ?
I'm saying $1000 is a rip-off (as in overpriced, not as in scam) when there's already a website and a brand that exist and that it can reasonably assumed that the use that will be made of it will be phishing. My words might have been a little strong, but I still consider that a form of cyber-squatting, which is perfectly legal, but not very respectable IMO.
I'm saying $1000 is a rip-off (as in overpriced, not as in scam) when there's already a website and a brand that exist and that it can reasonably assumed that the use that will be made of it will be phishing. My words might have been a little strong, but I still consider that a form of cyber-squatting, which is perfectly legal, but not very respectable IMO.
Actually if you are going to rebrand then I guess I couldn't of. Not like I would of in the first place, but many domain owners demand unreasonable sums of money for domains names, especially of established brands.
If you think $1000 for this name is unreasonable then you should have countered in my email. I would have accepted $850 since that's all I got after Sedo's ridiculous 15% fee.
I think $1000 would have been a good investment if it was only to protect your customers from potential phishing.
It is cyber-squatting which I dislike. Hence my attempts to sell to the brand owner who deserves the domain since I didn't use it.
You know, when I see this thread -> https://bitcointalk.org/index.php?topic=41025.0
I wonder how he came to the idea to register this particular domain in the first place.
I wonder how he came to the idea to register this particular domain in the first place.
This domain has been registered since July 18, 2010. If anything, bitcoin-central.net stole the name from the OP as it was registered 4 months later.
Obviously part of my pre-crime plan to rip off davout
so we can expect a phishing site at that adress real soon now?
yupI attempted to contact rip the owner of bitcoin-central.net off
FTFYAlso go fuck yourself.
Quite an accusation.
I owned a domain and attempted to sell it to you for $1000 which was the offer I received on Sedo. I said previously on Hacker News that I'd prefer to sell to you but since I got zero reply from my attempt to contact you; I took the offer. Rebranding will cost more than that surely?
So I fail to see where I attempted to "rip the owner of bitcoin-central.net off'. I could have held you over the coals for this name but chose not to.
I also post under my real name and my address can be found with enough Google fu' so if phishing is going on at that address and you suspect it is me, feel free to contact the relevant authorities and give them my details.
http://i.imgur.com/GPl5P.png
Just thought I'd announce here that I no longer own BITCOINCENTRAL.COM. The domain was transferred to a buyer in Brazil this morning after being sold through Sedo.com.
I attempted to contact the owner of bitcoin-central.net with the hope of selling to them but received no reply and proceeded with the sale.
This post serves as notice that I am no longer associated with the name or any activities performed under it.
Thanks,
Ash
I attempted to contact the owner of bitcoin-central.net with the hope of selling to them but received no reply and proceeded with the sale.
This post serves as notice that I am no longer associated with the name or any activities performed under it.
Thanks,
Ash
Could you in layman's terms explain what the app actually does in terms of positions and matching and liquidating, ect...
I haven't gotten there yet.Took a bit of time to get every moving part in place to have it actually running.
I installed redis but I was getting nilClass errors.
I'll give it more time later.
Re: [Payout Updates] Bitcoinica site is taken offline for security investigation
This is crazy... What is intersangos motivation for dealing with this anyway? I wish we knew their motivation. If we did we might understand this craziness. They should know better.
As I have made painfully clear before Intersango IS NOT INVOLVED IN BITCOINICA IN ANYWAY.
Anybody saying Intersango LTD is a partner in Bitcoinica LP IS LYING.
My personal motivation here is to help people get back most of their funds, really the only chance you all have of getting your funds back is me.
So how about some fucking respect.
I could have easily passed this all off onto zhou and I'm sure he would have paid only the larger claims before running out of funds.
Does that sound fair?
You think you and your team are owed respect for the way you have dealt with this? That might be were the problems started...
I do not care what the Intersango team wants to call bitconica now. We know who is claiming to be in control.
As for your quote "100% of my time and effort is donation."
Then quit and let the people who are legally responsible deal with it, at this point it can't get worse.
Just say this, Sorry bitcoin public but it has been two months and we just now realized we are not complainant enough to deal with the problem we took on. Since it is not our responsibility and it is only destroying our personal reputation and the reputation of Intersango we will give back all of the money to the real owners of Bitcoinica.
However I'm pretty sure you can't do this, too bad for you and us really. There is no way you guys can walk out of this with your heads up and there is no customer (other than the friends of Intersango team who got back 100% so far) who can be happy with your actions.
There is no win here for anyone, even if you were to return 100% of the coin to everyone tomorrow this will not be forgotten.
Good luck.
I've quoted this so you guys can read it again. This is some of the best advice on this thread.
Your reputation as developers, business owners and in general is going down the shitter for a problem that you aren't responsible for (or at least claim so).
Re: [Payout Updates] Bitcoinica site is taken offline for security investigation
Sub 
Naughty...
Are you an Intersango sock puppet ?
Hello all,
I'll be incorporating here in the UK and setting up bank accounts in England to accept sterling and Ireland to accept Euros. There doesn't seem to be any easy way accept US dollars without substantial wire fees.
I'll be incorporating here in the UK and setting up bank accounts in England to accept sterling and Ireland to accept Euros. There doesn't seem to be any easy way accept US dollars without substantial wire fees.
...sorry. Had to ask.
Just seen this.
No we're not trying to get into the exchange business. Their email leak was the best indication of the UK bitcoin market which according to the leak is virtually non-existent.