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mircea_popescu: kinda nice to have them come out with "it is not a currency" statement.
mircea_popescu: A person must exchange the currency of two or more countries to be considered a dealer in foreign exchange.19 Virtual currency does not meet the criteria to be considered "currency" under the BSA, because it is not legal tender. Therefore, a person who accepts real currency in exchange for virtual currency, or vice versa, is not a dealer in foreign exchange under FinCEN's regulations.
mircea_popescu: to be a transmitter it substantively requires you blabla as part of acceptance/transfer of funds/currency/etc.
mircea_popescu: to be an administrator it substantively requires you have the ability to withdraw units.
mircea_popescu: putting into circulation) a virtual currency, and who has the authority to redeem (to withdraw from circulation) such virtual currency.
mircea_popescu: This guidance refers to the participants in generic virtual currency arrangements, using the terms "user," "exchanger," and "administrator."6 A user is a person that obtains virtual currency to purchase goods or services.7 An exchanger is a person engaged as a business in the exchange of virtual currency for real currency, funds, or other virtual currency. An administrator is a person engaged as a business in issuing (
mircea_popescu: Bugpowder the only thing the rental store had was a pink tux and a strapless sperm-white gucci dress
mircea_popescu: benkay it's like the notion that bitcoi nwill grow through retail adoption
mircea_popescu: next kludge is going to come back from the dead wanting to be the adult in bitcoin or some shit.
mircea_popescu: fucking tradition in bitcoin, retards posturing as ":the adults:"
mircea_popescu: “We want to be the grownups in the Bitcoin space,” said chief operating officer Ryan Singer in an interview.
mircea_popescu: bitcoin is - among other things - bringing pirate maps back
mircea_popescu: venturebeat : embattled-bitcoin-exchange-tradehill-is-back. matonis : Tradehill Launches As Bitcoin Exchange For Businesses And Accredited Investors
mircea_popescu: its incredible just how inadequate fiat is when one looks from the vantage of btc
mircea_popescu: kakobrekla who actually can take out 3/4 mn usd fgrom mthox ?
mircea_popescu: kakobrekla if you fuck a girl long enough, eventually she enters this zombie state
mircea_popescu: lew rockwell : "This proves that the licensing was – and always will be – a scheme merely to fill government coiffures."
mircea_popescu: pigeons i got too lazy to implement bitpay or w./e the solution is
mircea_popescu: still... i mean notionally. "a credit". well... a credit to what 1/3 read ?
mircea_popescu: so people ask me "ok 1 dollar buys 1000 trilema credits, but how many credits do you need to read an article ?"
mircea_popescu: i wonder how long before bitcoin wanna-be entrepreneurs learn that lieing is not pr.
mircea_popescu: coinlab should open a european subsidiary. problem solved.
mircea_popescu: "Thank you for your message. We are currently experiencing delays on EUR transfers of up to two weeks for larger transfers because of the daily limits imposed by our bank in Europe. "
mircea_popescu: benkay you learned that you're a bad person for being american.
mircea_popescu: Q : is there any stop order system for trading at mtgox? A : We do not offer such possibility as of yet but probably in the future.