773300+ entries in 0.488s
ThickAsThieves: note:
they specifically edited it
to say "person" instead of "corporation, flexible purpose corporation, association, or individual"
davout: diametric: it doesn't say it's
the *only* allowed form of alt currency
diametric: "A person shall not issue or put in circulation, as money, anything but
the lawful money of
the United States." first sentence.
davout: diametric: i didn't see any part where it said it *had*
to be, it says it isn't forbidden
diametric: davout: If
the alternative currency is based on
the USD its okay. So you can buy/sell with bitcoin so long as
the value you give
to bitcoin is coupled
to USD you're fine.
davout: diametric: which does't imply
that alternative currency based on
the usd is forbidden
diametric: davout:
thats exactly what i said.
diametric: of course,
they have
to maintain
the
theater
davout: diametric: i read it as "issuing alternative currency based on
the usd isn't forbidden"
diametric: ThickAsThieves: you can read everything like
that
ThickAsThieves: you could also read
that as "it's legal until
the fed says it isnt"
diametric: The second allows it so long as its coupled
to USD
diametric: davout:
the "value based on" part.
diametric: davout: "Nothing in
this section shall prohibit
the issuance and use of alternative currency
that is redeemable for lawful money of
the United States or *that has value based on*
the value of lawful money of
the United States but a person shall not be required
to accept alternative currency."
davout: diametric: where does it say
that ?
diametric: its something
that realistically won't come into play until Bitcoin becomes large enough
that very large communities (in
the US) begin
transacting solely in bitcoin
diametric: ie I want
to sell you a $500 phone for BTC. I figure out how much BTC is worth about $500,
thats fine. If I decide based on other factors
then I wouldn't be.
diametric: davout: It says you can exchange bitcoin for money, and you can exchange goods and services for bitcoin so long as
that bitcoin value is based in USD.
ThickAsThieves: of course i do adjust my rates, but not often enough
to be remotely "coupled"
davout: "shall prohibit
the issuance and use of alternative currency
that is redeemable for lawful money"
diametric: ThickAsThieves: individually its hard
to prove
that kind of decoupling.
davout: you guys seem
to be confusing redeemable, and exchangeable
diametric: But if I decouple
the USD value from bitcoin, and begin using it based on my own interpretations (or
the community at large)
then I'd be in violation I guess.
diametric: Theres also a subtle distinction. So long as goods and services sold for bitcoin, calculate
their cost in bitcoin based on USD, all is fine.
diametric: the last part is probably
the most relevant
dexX7: and
that's from 2013? weren't
there news recently
that alt currencies are illegal and
this shall change in
the future?
ThickAsThieves: "A person shall not issue or put in circulation, as money, anything but
the lawful money of
the United States. Nothing in
this section shall prohibit
the issuance and use of alternative currency
that is redeemable for lawful money of
the United States or
that has value based on
the value of lawful money of
the United States but a person shall not be required
to accept alternative
diametric: its how a ponzi needs
to work. If
the ponzi shuts down immediately after it opens, its not really a ponzi, its just an regular scam
to steal your money.
KRS-One: isnt it safe
to say
they'd all be a loss
ThickAsThieves: might be an interesting study across all bitcoin securities, how much would have been made/lost if you bought into every bitcoin IPO and sold
the day after it's first payout/dividend
benkay: lots of human in
the loop
there
benkay: man
that's a risky play
ThickAsThieves: someone make an IPO
that invests for 1 profit period in every ponzi
that appears PDF - Ponzi Destruction Fund
benkay: the scam is in lying about
the reality
benkay: like
the lotto or anything with expected -ev outcomes
mike_c: i do like
this new breed
though
that is upfront about
the ponzi-ness.
benkay: "GET YER BITCOIN PONZI SCHEMES UP AND RUNNIN BOYS WE GOT A NEW CROP OF SUCKERS IN
TOWN"
benkay: mike_c:
throwaway pun of
the day ;)
ThickAsThieves: "According
to our own internal audit we have never had a 2FA account compromised. We offer a BTC10 reward
to anyone
that can repeatedly prove
that he can hack an account which has 2FA enabled." ~Havelock Investments
pankkake: maybe
to link users between services, but for now just backups
benkay: nanotube keeps backups in public, i knew where
they were at one point.
that memory block has been gc'd for more useful
things
tho
pankkake: that's what I feared. well, I'll eventually write a lib
to explore it anyway
benkay: hey nanotube where do you stuff
the wot backups again?
Apocalyptic: you'll probably have
to write a custom spider
pankkake: yes,
that's exactly why I was looking into doing
that :)
mike_c: yeah, sry. in
the arguments
the other day mp said
the wot can be backed up by anyone (similar
to mpex db).
that is my basis for "yes". idk how, but it should not be fruitless
to keep looking for how.
pankkake: is
there a way
to download
the bitcoin-otc wot db?
mike_c: bitbet needs moar links. where's
that list of proposed/rejected bets?
BingoBoingo: mike_c: I've found bitbook.biz reliable, but who knows if
they will continue
to be reliable.
mike_c: BingoBoingo: is
there a btc line-betting sportsbook
that isn't a
total scam?
the20year2: i just hate seeing people find and
turn in $30,000 guns for destruction
the20year2: People do
that all over
the world still :)
the20year2: The US M240 GPMG is based off
the BAR which was designed in 1918
the20year2: There are few if any modern arms
that are vastly superior
to
those made during ww2. Sure
things are lighter
today, but
that's it
the20year2: That's why I collect
them.
There's something fun about handing a 1895 issued rifle
to a person and reminding
them it's effective
to 1,000 yards
the20year2: Even
though it's 120 years old, and made with hand
tools
the20year2: Buy one without a
ton of permits in
the US and it's jail
time
the20year2: my favorite example is
the colt potato digger
the20year2: And if you got surplus from ww1, means
there's a good chance you have pre-1900 weapons
too.
the20year2: There are many, many firearms from WW2 and pre-ww2 eras still being used in most of
the middle east, africa and asia
the20year2: In future wars
there will be plenty of ww1 era firearms used
the20year2: ascii,
to a point yes, but
the bulk of it was given
to USSR client states
the20year2: Much of
the 8mm/mauser equipment ended up in Romania and Yugoslovia.
The MG42
tooling ended up entirely almost in Yugoslovia, specifically
the zavasta plant in Serbia.
They still produce
the MG42 and K98 on original german equipment
mod6: bought my buddy a mauser once,
thing bucks like a mule.
the20year2: The USSR broke up much of
the fabrication equipment from Eastern Germany and sold or gave it
to client states
the20year2: Yes,
they still have
the dies
that
the USSR plundered from Germany
the20year2: The leadup
to
the yugoslovian wars saw some sides doing quite well with armament programs.....the ones
that lost didn't prepare
the20year2: Plenty of empires or smaller players have had
time in
the past
to prepare for wars, ect. Many people in many nations have had
time
to prepare for civil wars
the20year2: I'm sure it won't happen like
that, but
the gun within grabbing ditance, ready
to go in my house is a colt AR15, not my AK
the20year2: Additionally, up until
the Sino-vietnam conflict,
the Chinese doctrine was
to issue everyone with
T53 bolt action rifles because
they were 'more reliable'
than
the AK
the20year2: I love my AK, but I can't say it's
the gun I want
to use if
the world ends
the20year2: the AK and M16 are
two different guns. One is for people who are educated and
trained,
the other is for everyone else