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Showing 15 of 15 results by brandnewx
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Topic
Board Speculation
Re: Mt.Gox Co. Ltd approved to be a licensed MSB by FinCEN
by
brandnewx
on 29/06/2013, 02:40:02 UTC
Someone can just set up a secret dark exchange on tor if being anonymous is so important.

Well, that's the problem...  However anonymous you want to be, there will always be a point along the chain where you want to trade to or from fiat.  And unless you meet from person to person to trade some fiat for BTC, or want to trade some higher amount, then there will always be the government keeping an eye on the fiat.

The only way to stay truly anonymous is to not involve fiat at all...  And, BTC without a fiat price tag attached to it is worthless (in fiat term...).

Totally agree with this. Right now BTC value is entirely expressed in fiat terms, hence the BTC/USD, BTC/RUR pairs. When Bitcoin is accepted in the mainstream, on the streets as a currency, BTC would no longer need to be associated with fiats but right now... like it or not, BTC needs fiat exchanges.
Post
Topic
Board Speculation
Re: Mt.Gox Co. Ltd approved to be a licensed MSB by FinCEN
by
brandnewx
on 29/06/2013, 02:34:21 UTC
That's just being ignorant. MtGox registered as a MSB with FinCEN. It's all about anti money laundering that the US government wants.

Ignorance is thinking that lining up with what "the US government wants" is good for Bitcoin.

Thus far, it's proven bad for Bitcoin.

It's not about lining up with governments. It's about legal framework of how this world works. Do you seriously think you can just open an online fiat exchange and get away without being regulated? You must be dreaming. If you're going to go mainstream, you're going to be regulated. That's the end of it.

I get what you meant though. You probably hate fiats and your dream is probably about a world where Bitcoin is truly independent from fiats, that you could use it to pay for everything from foods to rent and entertainment. That's a long way from here. As long as you deal with fiats, you have to be regulated under fiats rules.
Post
Topic
Board Speculation
Re: Mt.Gox Co. Ltd approved to be a licensed MSB by FinCEN
by
brandnewx
on 29/06/2013, 02:27:20 UTC
80% of Bitcoin trade just got regulated.  I love this for more reasons than one.  Here's a  Wink to the libertarians.  Pwned!

Here we go again, do you understand that FinCEN does not and cannot regulate security trading? It's not their job and they don't care. MtGox registers as a money transmitter, not a market money with SEC and CFTC.

This is clearly a step forward, well unless you are one of the bad guys who lives off by laundering black money, that is. If that's the case, Bitcoin is not for you. Go launder your money somewhere else, and keep BTC clean.
Post
Topic
Board Speculation
Re: Mt.Gox Co. Ltd approved to be a licensed MSB by FinCEN
by
brandnewx
on 29/06/2013, 02:16:55 UTC
Heck, today's price slump is probably just a coordinated attack by big holders so that they could get more cheaper coins. That's the tactics they got so many BTCs the first place.

The price drops are a result of regulation. Bitcoin's price was parabolic before regulators and those Bitcoiners that pay attention to them sunk their teeth into Bitcoin.

That's just being ignorant. MtGox registered as a MSB with FinCEN. It's all about anti money laundering that the US government wants. Bitcoin trades and prices are not under any regulation, unless MtGox registers as a market maker with SEC and CFTC, and then they would have to follow SEC rules regarding how they should process the exchange orders.
Post
Topic
Board Speculation
Re: Mt.Gox Co. Ltd approved to be a licensed MSB by FinCEN
by
brandnewx
on 29/06/2013, 01:55:22 UTC
MtGox's willingness to be regulated under strict structuring laws is a clear indication that they are very legit; therefore, they have nothing to fear anything from the US government. I don't see anything wrong with it. MtGox is regulated in Japan. It's not some shady 3rd-world country there. It's Japan. They have real office you can walk to. MtGox people are not anonymous. They have posted photos of themselves working in the office.

MtGox is not the problem that's happening to Bitcoin right now. Heck, today's price slump is probably just a coordinated attack by big holders so that they could get more cheaper coins. That's the tactics they got so many BTCs the first place.
Post
Topic
Board Altcoin Discussion
Re: LTC/FTC exchange via Google Docs [Bid 41 LTC | Ask 48 LTC]
by
brandnewx
on 02/05/2013, 18:32:03 UTC
Warning: Do not trust 'serge79' for updating the doc. Upon investigations, I come to conclusion that Serge79 and Derezzed are apparently the aliases of same scammer.

Not convinced  ...Can anyone confirm this is true ??  Please check their posts.


Still waiting for someone to do it (and curious to see what the investigation revealed).

I passed from "evil public accusator of derezzed, please stop discredit him" to "derezzed best friend" to "himself" in a few hours.



Nice little acting in the public, "comma" boy. Like I said in the PM, there will be consequence. I always made sure that people who scammed me live a miserable life.
Post
Topic
Board Altcoin Discussion
Re: LTC/FTC exchange via Google Docs [Bid 41 LTC | Ask 48 LTC]
by
brandnewx
on 02/05/2013, 14:37:50 UTC
Warning: Do not trust 'serge79' for updating the doc. Upon investigations, I come to conclusion that Serge79 and Derezzed are apparently the aliases of same scammer.

Not convinced  ...Can anyone confirm this is true ??  Please check their posts.

Here's one public proof that serge79's suspicious behavior. https://bitcointalk.org/index.php?topic=191173.msg1980656#msg1980656?

zulzedd and serge79 had always been 'online' the whole time Derezzed was scamming people. 30 mins into the scam, I notified these people to at least remove Derezzed's trade for the time being since he was obviously trying to make excuses one after another. Two hours into the scam, I sent another PM to these people to put Derezzed in scam list. They were online and did not even respond to any of my PMs. Four hours into the scam, I shot another PM to these people. Still no response. Now.... it is one full day. Derezzed has not yet marked as scammer. His trade is still there in the spreadsheet to scam those unsuspecting souls.
Post
Topic
Board Altcoin Discussion
Re: LTC/FTC exchange via Google Docs [Bid 41 LTC | Ask 48 LTC]
by
brandnewx
on 02/05/2013, 07:44:11 UTC
Warning: Do not trust 'serge79' for updating the doc. Upon investigations, I come to conclusion that Serge79 and Derezzed are apparently the aliases of same scammer.
Post
Topic
Board Altcoin Discussion
Re: LTC/FTC exchange via Google Docs [Bid 41 LTC | Ask 48 LTC]
by
brandnewx
on 02/05/2013, 05:49:13 UTC
Trading with Derezzed should be suspended. I sent 125 LTC in exchange of 2500 FTC, and he asked for some delay to fix his Feathercoin client.

To Admins, please preserve the IP logs of this guy.
Post
Topic
Board Beginners & Help
Re: Is it possible to issue your own currency with Ripple?
by
brandnewx
on 27/04/2013, 09:38:33 UTC
I just can't believe people would adopt something like Ripples. 100 billion XRP premined! Ripple exchange is a good idea but XRP is just laughable. When one of the creator decides to cash out on XRP, because there are 100 billions of them, you had better watch out.
Post
Topic
Board Beginners & Help
Re: Feathercoin popularity
by
brandnewx
on 27/04/2013, 09:32:48 UTC
Greed gives value to these coins. Back in the days, it was Ponzi and HYIPs. Right now, it's market driven Ponzi, all legal.\

I want some Feathercoin too.
Post
Topic
Board Beginners & Help
Re: Which wallet are you using?
by
brandnewx
on 27/04/2013, 09:28:52 UTC
What happen when one of these online wallet gets hacked?
Post
Topic
Board Beginners & Help
Re: Silverwolf's Introduction post. Aka. From Russia with Love.
by
brandnewx
on 27/04/2013, 09:27:54 UTC
I just want to trade some Feathercoin (thru PM) and I'm not sure how many posts I need to be able to do so. Please advise.
Post
Topic
Board Beginners & Help
Re: FPGA mining - lazy person wants a guide
by
brandnewx
on 27/04/2013, 09:26:44 UTC
So what actually prevent FPGA from working on LTC mining?
Post
Topic
Board Scam Accusations
Re: Butterflylabs Huge SCAM
by
brandnewx
on 27/04/2013, 09:25:56 UTC
Is there any alternative ASIC rigs out there?