log☇︎
766400+ entries in 0.512s
mircea_popescu: anyway, pulled his chain a little on twitter, curious what comes of that.
benkay: my lawyer has one job: keep my ass outta trouble.
mircea_popescu: the music rich people listen to.
mircea_popescu: bout the same thing here too, reddit kids "talk to their lawyers".
mircea_popescu: he never ever even bought a record, as they're not sold where he lives
mircea_popescu: say poor black kid trying to get accepted by wasps ? he pretends to like wop or w/e stupid music they like.
jurov: http://www.reddit.com/r/Bitcoin/comments/1yzbhg/bitstamps_bank_refused_to_open_me_a_bank_account/ i'd like to highlight davout's peformance here instead
mircea_popescu: i don't think it's even that to be honest, it's more like a quest to belong.
mircea_popescu: every two bit whoever is "talking to his lawyers" these days, have you noticed ?
mircea_popescu: yeah because that costs money.
mircea_popescu: guy is a little young and naive tho, managed to come off rather impudent.
mircea_popescu: well i'm not arguing more people writing is a bad thing.
Apocalyptic: I'm not arguing that :)
mircea_popescu: "This meeting triggered a chain reaction of events in which the solicited investors rebuffed Karpeles and his colleagues" vs "Feb 23 12:23:59 <mircea_popescu>may be that they've found a sucker, but that story'll end if i find him too."
jurov: ..in charge of growing the business for MtGox by initiating parnerships
Apocalyptic: also nubbins` seemed to be sure the first leaked document was fake, this proves otherwise
Apocalyptic: mircea_popescu, i wasn't aware of the "Mandalah Consulting" part
mircea_popescu: Apocalyptic absolutely nothing new or newsworthy in there.
Apocalyptic: the last entry published minutes ago sums up the events
ozbot: The Two-Bit Idiot
mircea_popescu: i mean either epoxy or seals, can these both work in any sense ?
mircea_popescu: and diametric too i guess : does that make any sense ?
mircea_popescu: asciilifeform "The Boeing Black phone is manufactured as a sealed device both with epoxy around the casing and with screws, the heads of which are covered with tamper proof covering to identify attempted disassembly."
mircea_popescu: if you believe it has then yes it is. if you don't then no it isn't.
mircea_popescu: ThickAsThieves: fwiw I don't believe USG is capable of any meaningful banning of bitcoin << that'd depend on the definition of meaningful,
asciilifeform: purpose of this joker is to push 'overton window.'
the20year1: he's already on the block for supporting gun control in west virgina
Apocalyptic: good luck with that Sen
ThickAsThieves: lol there's a Dota 2 official fantasy league now
the20year1: I was involved in a decently sized digital currency long before bitcoin, and the IRS just told them to issue 1099c to everyone who participated, the barter clause has been around for 50+ years
decimation: that's where the 'land of the free' is today - waiting for government employees to issue instructions
the20year1: Either they'll treat it like cash, make coinbase/kraken issue 1099Ks or make bitcoiners issue 1099c
decimation: supposedly they are going to issue guidance at some point
the20year1: IRS i imagine will/can treat bitcoin just like transactions or barter
decimation: at least, it ought to be laughed out of court
decimation: exactly. If you have records and a tax return to show you paid something, you are not going to be a target
ThickAsThieves: better to just call it some other type of broader income
decimation: well don't put bitcoin on your taxes duh
ThickAsThieves: i suspect the word bitcoin in your taxes will put you on some list
ThickAsThieves: ^ i'm not sure about that
decimation: if you pay any tax at all on your bitcoin you probably are safe
ThickAsThieves: IRS would have any easier time if they adopted bitcoin really
the20year1: is it provable/possible that gox has 740k bitcoins 'somewhere'?
decimation: until there are real laws on the books it's going to be hard to prosecute bitcoin transactions for tax evasion
ThickAsThieves: more likely they sum up the amount of eligible tax deductions unclaimed against likely total of fraud and make sure they are still on winning side and call it a day
decimation: only the unlucky will be culled
ThickAsThieves: wouldnt that require every citizen to audit his neighbor?
ThickAsThieves: the trick about taxation is a personally believe the IRS' grip on auditing to be a myth
decimation: As to asciilifeform's point about outbidding the fiat printers, I think that's quite possible in an environment where bitcoin is melting up
ThickAsThieves: theyll prioritize AML at the fiat entry points, then taxation
decimation: I agree with TAT, I think the USG is too weak to actually ban bitcoin
the20year1: how does cold storage fail? Do they lose the key?
ThickAsThieves: i do not expect the US to ban it at all
duduqa: ThickAsThieves: don't you expect usg banning bitcoin before that happens
ThickAsThieves: not sure the relation you mean here
duduqa: ThickAsThieves: don't you expect a war against usg before that?
ThickAsThieves: I believe merchant adoption is just a malformed precursor to the 100% Pure Bitcoin Closed Loop Movement
diametric: I kind of want it to be that, because thats just hilarious
diametric: lol.. so latest story going around is MtGox's cold storage failed. As in they can't get the private keys to work properly..
duduqa: all that 6-year old plot, Obama whatching on a big screen, live...and sheeple swallowed
duduqa: ThickAsThieves: they can change oppinion as quick as Sen Schumer
twizt: ie. there never was osama
duduqa: ThickAsThieves: they were cynnical enough to say they dumped osama's body on the sea
mike_c: depends what you want. if all you want is for them to send a letter, it's cheap.
duduqa: ThickAsThieves: they are able to push this "money laundering" talk based on nothing
twizt: nah thats congress bro
Diablo-D3: I thought it was 1m min
twizt: i thought it was 100k
ThickAsThieves: i just have real difficulty imagining the USG's ability and story of how it may ban crypto
duduqa: but I ask myself if it might take generations to happen
asciilifeform: 30k buys jpm a senator. it buys a somali 100k rounds of 7.62x39. it buys you: a toyota.
duduqa: ThickAsThieves: do you really believe those figures?
ThickAsThieves: i guess thats just whats on record
Apocalyptic: <asciilifeform> ThickAsThieves: good luck outbidding the folks who print usd // he has a point
ThickAsThieves: but this senator is singing for 30k
asciilifeform: ThickAsThieves: good luck outbidding the folks who print usd
ThickAsThieves: i know you dont like them, but i'd love to donate to your campaign
ThickAsThieves: we can just buy off all the politicians if we need to
asciilifeform: invent the parachute before, not after, being thrown.
asciilifeform: i'll repeat what i've said in the past:
duduqa: ThickAsThieves: the power of issuing global's reserve currency is enormous
ThickAsThieves: i already suspect major news comment sections to be riddled with fake anti-bitcoin sentiments
diametric: duduqa: i think you'd be surprised the number of people that pirate content.
duduqa: asciilifeform: I can easily imagine agents infiltrated in facebook groups to refrain people
ThickAsThieves: they cant just erase the tech
duduqa: asciilifeform: bitcointalk too
asciilifeform: public exchanges are easy, defenceless targets.
ThickAsThieves: and what do they do about people already "in" bitcoin, yknow it doesnt require cashing out to use
asciilifeform: i believe this is called 'controlled buy' by u.s. polizei
asciilifeform: btc is one thing, if you're handling u.s. dollar transactions from strangers, you'll be set up with a stoolie
duduqa: diametric:it doesn't matter to you if only 5% adopt piracy
asciilifeform: 'wisdom is - getting on the train one day before everybody else.' (attributed to leo szilard)
ozbot: Canada Regulators Look at Ways to Get a Better Handle on Bitcoin - Canada Real Time - WSJ
ThickAsThieves: find it hard to believe as well
duduqa: ThickAsThieves: did you read that document which presumably states that canada govt intends to choke bitcoin's infrastructure?
ThickAsThieves: i'm not waiting for anything but my wife to take me seriously
asciilifeform: ThickAsThieves: if you're able to leave now, but are waiting for the ban... what are you smoking.
Apocalyptic: <ThickAsThieves> just the useful people // yeah as mircea said
ThickAsThieves: i know it would be the last straw for me
duduqa: ThickAsThieves: where to?