log☇︎
887400+ entries in 0.629s
bitcollapse: KYC applies to financial institutions
asciilifeform: the people applying 'rules' are applying their whims, and to your arse, rather than to bitcoin (or whatever else the instrument of your perceived mischief may be.)
mircea_popescu: eys. ie, transactions that involve DOLLARS
bitcollapse: those are for financial transactions
mircea_popescu: well admittedly fym stands for fuck your mother, but the rest.
mircea_popescu: yes, there are. da fuck do you think aml kyc fym stand for ?
bitcollapse: there are no US dollar regulations mandating the IDing of a user on EVERY transaction.
mircea_popescu: why. why do people do this.
mircea_popescu: dude. THEY ARE NOT BEING APPLIED TO BITCOIN
mircea_popescu: what's with this backwards view all the time
asciilifeform: bitcollapse: think of it more like 'warez'
bitcollapse: everyone is applying rules that dont exist to bitcoin
mircea_popescu: the regulations are as to the us dollars being useless, not as to bitcoin.
mircea_popescu: it's the other way around.
bitcollapse: theres no regulations specific to bitcoin being a highly sensitive item ie. explosives, drugs etc.
bitcollapse: mircea_popescu i think you are somewhat delusional. I can walk into a store and purchase goods with paper cash and nobody will ID me.
mircea_popescu: davout also try the cock.
davout: i'm off, these funny captioned pictures don't just watch themselves
bitcollapse: mircea_popescu: the tax code only requries merchants to keep books and records of sales NOT who they sold too.
pigeons: recently there was contaminated food sold in my area, so the polic got the records from the supermarket loyalty discount card program to contact potentially affect shoppers
gribble: Tax Code, Regulations and Official Guidance: <http://www.irs.gov/Tax-Professionals/Tax-Code,-Regulations-and-Official-Guidance>; USC : Title 26 - INTERNAL REVENUE CODE | US Code | LII / Legal: <http://www.law.cornell.edu/uscode/text/26>; U.S. Tax Code - Fourmilab: <http://www.fourmilab.ch/ustax/ustax.html>
mircea_popescu: ;;google tax code
mircea_popescu: yes, there is.
bitcollapse: mircea_popescu: theres no laws requiring merchants to RECORD ID on EVERY single product.
asciilifeform: when you use currency minted by an empire, you are buying into its philosophy (if one dare call it that) - like it or not.
mircea_popescu: there's ~500000000 pages of regulations regarding the dollars.
bitcollapse: why arent my gasoline purchases recorded then with an ID
mircea_popescu: ITS THE DOLLARS.
mircea_popescu: guess what ? they aren;'t.
mircea_popescu: they didn't use to, on the grounds that maybe they're like bitcoin
bitcollapse: where are the US laws regarding bitcoin?
mircea_popescu: bitcollapse no dude. buitcoin is treating dollars like the shit they are.
bitcollapse: bitinstant is treating bitcoin as some sort of advanced highly defined/regulated instrument
davout: bitcollapse: seriously, i give you 6/10, now go away, i was having a good time
mircea_popescu: is if they have it already.
pigeons: dont get me started on trying to buy a car
mircea_popescu: the onl;y time they don't ask for your id when you're using dollars
pigeons: cameras on the razor blade isle recording who touches it
mircea_popescu: yes, they do.
asciilifeform: all this talk of IDs at store counters will seem nostalgically quaint when start needing a working RFID beacon just to pass through public doorways.
mircea_popescu: so stop trying to trade that shit for bitcoin and nobody cares about your id anymore.
bitcollapse: if i buy electronics at walmart and trade them for drugs does walmart need to ID me everytime i buy them?
pigeons: you know thats silly
mircea_popescu: heh. not list the locations. these people just won't fucking learn what open means already
mircea_popescu: "We have temporarily limited transactions in some locations, and we apologize for the inconvenience. "
pigeons: i thought you said bitinstant
bitcollapse: why? you dont need to show an ID when you are buying walmart goods
pigeons: bitcollapse: they are going along with it to stay out of jail
davout: bitcollapse: open your own exchange, get some experience, then you will understand
bitcollapse: now they require an account and all sorts of ID
pigeons: and its as private as your paypal info, you arent giving that address to anyone but bitinstant
mircea_popescu: <bitcollapse> and bitinstant is now nothing more then a bad paypal it requires absurd ID requirements <<< details ?
bitcollapse: easier then any bank
bitcollapse: where all transactions can be traced extremely easily
bitcollapse: but i dont like having an ID linked to a public adress
bitcollapse: pigeons i like the concept of bitcoin
pigeons: my feathers look bad in that picture though
jcpham: total trust
pigeons: that isnt suprising to anyone
bitcollapse: hence the price decline going along with it
pigeons: bitcollapse: then don't do it
bitcollapse: bitcoin adress linked to ID is even more dangerous
davout: bitcollapse: no offense, but you have no idea of what you're talking about
davout: bitcollapse: that's a good one
davout: and keep in mind that they indirectly ID you since they get the information from your various payment means
davout: maybe your not moving that much
bitcollapse: ive never had to submit documents to paypal
pigeons: maybe it takes a year, but they will get to it
bitcollapse: ive been using it for years they just verified me with a automated phone call
pigeons: when you try to use it
bitcollapse: for my paypal they didnt ask anything
davout: because the law requires them to
bitcollapse: but they never ask for ID unless its very business specific
bitcollapse: no they dont you can open one with a credit card or bank account
davout: yet, as an exchange you have to follow them, unless you want to live a quite painful experience
bitcollapse: davout yes but if a bitcoin adress is linked to an ID
davout: the various laws don't usually give the slightest shit about your privacy
bitcollapse: that just tosses out any bitcoin privacy and makes it worse then a bank
davout: you obviously don't have the slightest clue of what you're talking about...
bitcollapse: how come paypal can transmit money and not ask for ID uploads?
bitcollapse: and bitinstant is now nothing more then a bad paypal it requires absurd ID requirements
bitcollapse: yes it should be today for sdice?
davout: bitcollapse: have you looked on their respective asset pages ?
bitcollapse: hi guys when are the sdice and bbet dividends due
deadweasel: just removed a brown recluse from my bedroom. i guess that's a win!
gribble: MtGox BTCUSD ticker | Best bid: 91.59311, Best ask: 91.98000, Bid-ask spread: 0.38689, Last trade: 92.14290, 24 hour volume: 43495.29781796, 24 hour low: 88.75001, 24 hour high: 98.18010, 24 hour vwap: 92.08325
furuknap: Who are you calling crazy? HELP, THE BANANAS ARE TRYING TO EAT ME! QUICK! GIVE ME THAT TOILET SEAT!
benkay: i have a bet coming due next monday. btc trading above 70. wasn't concerned at the time of bet, am slightly concerned now.
furuknap: http://www.reddit.com/r/BitcoinStocks/comments/1hfyao/100th_having_problems_delivering_pcb_assembly/ <- They're two weeks delayed...
furuknap: Of course, sooner or later that would be true :-)
gribble: There are currently 26202984 bitcoins demanded at or over 0.0 USD, worth 9748770.74663 USD in total. | Data vintage: 0.0068 seconds
gribble: MtGox BTCUSD ticker | Best bid: 89.10502, Best ask: 89.12999, Bid-ask spread: 0.02497, Last trade: 89.12999, 24 hour volume: 42825.80763141, 24 hour low: 88.75001, 24 hour high: 98.18010, 24 hour vwap: 92.10373
davout: well, i'm off, ttyl all
mircea_popescu: and they will amortise over...
davout: i may be able to live with it
davout: well, tbh the way you're accounting for it makes much more sense if explained that way
davout: that's where the MP aura stops I guess :-)
mircea_popescu: if i do guarantee usage it makes no sense to pretend im paying monthly, and it actually helps his cash flow a ton to pay him upfront
mircea_popescu: if i don't guarantee usage the provider won't open new boxes of gear for me.
mircea_popescu: wherein all sorts of weird constrainsts operate. like, nobody wants used gear. everyone wants to own geaer. nobody wants to pay for anything.