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Friday, October 31, 2014

Happy Halloween - Moola Vanishes, Literally

The Journey into Bitcoin will continue but a bit of today's news and the highlighting of folks losing their Bitcoins to underfunded or serious fraud in an unregulated wild west - as Moola goes under with 4000 bitcoins missing in action.
Director of MintPal Investigates Missing 4000 BTC

And the tangled web of who knows what is found Here it's a story worth reading as to how well or should I say NOT well folks think they know others in Cryptocurrencies.

=======================more updates soon=====

So, I thought I'd end today by going to one of the stat things on this blog for some demos - to get a guage on what they look like as the transition takes place.


 
< 1813%
 
18-248%
 
25-3413%
 
35-4428%
 
45-5418%
 
55-6417%
 
65+4%

 
Republican29%
 
Democrat17%
 
Independent54%
 
$0-50k57%
 
$50-100k30%
 
$100-150k7%
 
$150k+6%

 
No College33%
 
College48%
 
Grad School19%

Male93%
 
Female7%

 
Caucasian77%
 
African American4%
 
Asian3%
 
Hispanic15%
 
Other2%

So, in summary - educated white guys over 35 who as slackers on income reject the two main political parties

Thursday, October 30, 2014

Dogecoin And Onward - Where Is Satoshibet?

As you were left a few days ago - I had just bought some Dogecoin (folks laugh upon hearing the name BTW) and was diversifying into other crypto-currencies. I proceeded to do so by buying ScotCoin, BlackCoin, KarmaCoin and a couple of others - via trading my Bitcoin that I transferred from Coinbase to Coins-e; ending up with over 130K Karma coins for pennies.

I've since discovered a few things since my last post only a couple days ago - first, the number of trading exchanges is numerous and Coins-e only traded a few currencies in comparison to others - and traded at a much lower volume than other places. It's a lot an information game at this point I believe - as at one exchange I saw Dogecoin being bought and sold for a `rate' of 63 and bought and sold on Coins-e for 72. Obviously, one could make money simply having accounts in both websites and trading back and forth. Quite curious.

Even more curious was what occurred today AFTER a ruling that could certainly be seen as a blow to the diversity of the handling of Bitcoin and other currencies. Anyway, before the ruling details..... I went to  Satoshibet - a place I've had (still have probably) banners for as a place for secure private internet gambling. Indeed over 400 were there as part of my links. .... Anyway.... I've pulled some of their banners simply on the statement that SLAPS you in the face IF you live in the USA when you go to the website as of TODAY - as you can see if you are from the USA - Satoshibet now restricts your usage of the website (good luck at getting your bitcoins) - certainly a buyer beware situation. As is virtual currencies evidently.

Now - onto the ruling explained here by:

FinCEN Stifles Bitcoin Adoption; Reinforces Legacy Banking Systems

Posted by B.Holmes on 29 October 2014 | Comments
FinCEN Quote 1

- FinCEN.gov
==========================================================================
The new guidances (FIN201-R011 and R2012-FIN-2014) advise that under US law, virtual currency exchanges and payment processors may be considered as money transmitters under the Bank Secrecy Act (BSA).
Applying for a money transmitter license (MTL) is an expensive and lengthy process. According toGrimes Law PLLC, to conduct business on a national level, the application fees alone will come to just under $7 million USD, creating a high barrier to entry and limited competition. Businesses such as Bitpay, which has applied for an MTL in Georgia, will possibly suffer extraneous fees. This in turn is creating great concern and cause for debate in the Bitcoin community.
The article offers a range of opinions about the ruling making the hurdle to do exchanges with transferring Bitcoin and others coins - it seems the buy-in price to do so is at least 7 million as you see above. Something that would probably mean many of the smaller exchanges and such will be out of business if this is enforced IMO. That said, as one Reddit user does in the article above - AFTER the shake-out, which happens in any business model - the strong IMO will indeed survive and this will be a blip perhaps. That said, the many who will lose value when various exchanges can't put up millions will certainly create more badwill and avoidance. 
The article begins by calling the ruling that applies an outlier to the world view on things like this.
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You will notice the continuing change in The BS's format and look I hope. Those looking for THE BARFSTEW - The direct link is in the post below.
==========================================
Next Up
switching exchanges
===========================

AMAZON PRIME - AMERICAS BEST ENTERTAINMENT VALUE

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public cameltoe real alien video russian upskirt sexy athlete pictures sexy in public sexy prom dresses sleazy teacher strange sky sounds strange trailcam photo teens in bikinis the great recession didn't end unfunded pensions 1924 Bigfoot abduction 5 second films ATT commercial Marcel Elliott Wave Theory Obama social security number Stephenville UFO incidents acting naughty alonya hoseteens amazing chemtrails athens halloween block party bIgfoot theory beach skirt police beastwood bigfoot is a temporal being biggest crop circle biggest debtor nations billion year old entities bitcoin news bitcoin value busty braces caveman lifestyle cellphone calls of 9-11 charlie chaplin cellphone time traveler chatbots talking to each other chemtrail bumper sticker chemtrail illnesses communicating with the dead contortionist crash of 2008 deep cleavage dolphin intelligence evp recorder fake birth certificate fake unemployment numbers fema camps first alien photo georgia bigfoot ghost in glass ghost 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shiplaunch 1915 Hipster 1915 Hipster Time travel picture 1919 bathing beauties 1922 swimsuit contest 1930's swimsuit 1933 miss america swimsuits 1939 bigfoot video 1940's Flying Wing 2004 election fraud 2006 O'Hare UFO 2010 barf stew highlights 2011 anagram 2012 fear downplayed 2012 hype 2012 miss america bikini 24 rooms in one chinese apartment 25000 big macs 30 hits of lsd video 30 trillion dollar bailout 300 dollar house 34 million generations 3d copies 3d copy machine 40 combinations of sexual behavior 420 stoner dash 51-49 rigged elections 5th 911 plane 7 billion humans 9-11 esoteric 911 and human consciousness Alaska pays citizens Alien Disclosure 2011 Amazon Sexy Toys Americans don't want to live to 100 Ann Curry whispers Bear bones Bitcoin faucet Blue Whale Song Changes Carlos Castenada fraud Chattanooga Stinks Chimpanzee stock picker D-Cup DARE drops pot Dr. Roy Baumeister ET's stopped NUKES Germany secures gold Ghost Videos 2008 Giant cockroach Ginger Baker Gurdjieff and hypnosis Hillary Clinton UFO book IRS 32 billion short Led Zepplin earliest recording Meredith Vieira upskirt Milf Cheesecake OMG prom dress Self Replicating machines Stephen Hawking sex club TSA patdown of 3 year old video Texas No-Fly Zone addicted to porn adult breast feeding alien DNA alien on camera alien on live tv alien on street video aliens in bigfoot costumes alternative state of the union anagram truths angel hair ant death circle anti-gay politician ants outnumber humans apes 28 million years ago aquatic ape art on lsd artificial immortality artificially intelligent alien machines asteroid hits columbia baby cry analyzer baby throwing in India balls inside teacher teacup banks forging foreclosure documents banks laundered drug money barf bags barf stew cleaver test barf stew politics barf stew sex news beach cameltoe bearded lady reunited with son behavior detection officers bigfoot sightings map bigfoot thermal video bigfoot trailcam photo bigfoot ufo bigfoot-wildman 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collapse christ second coming cigarettes illegal collapsing american empire collapsing thermosphere college hookers college whores coming collapse consciousness causes paranormal contacting the dead control brain waves controlling rat dreams cowgirl position book crapaganda crossett orb light crotch controversy crotch shot crowd control weapon currency tensions curry upskirt cut DEA funding de Loys Ape dead squirrel and child death from sex with dog deer cause human death delete the elite deleted blogs demographics of paranormal beliefs denny's fight video depression era cartoon diarrhea awareness ribbons disconnected upper class disgusted citizens disgusting drug war dog rape dogs smarter than cats dolphin mates human donald trump birther donkey show doomsday argument doomsday trade downwardly mobile dressed like a slut drowning sex doll drug danger chart drug money saved financial system drug test politicians duck penis eagle kills goat eagle kills lamb earliest abe lincoln photo 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ghost workers giant freshwater fish giant salamanders girl paints heaven global currency google predicts usa collapse google vs bing government a threat to citizen rights great porn experiment grow meat in lab heaven and ufo disclosure heaven may be impossible in future herman cain smoking ad history of hippies homeless middle class human in dog collar human infected with computer virus human phenomenology human powered helicopter human rights in america hummingbird drone hypnosis of hot girls imgur upskirt japanese ball drone jesus penis art jizzle rag video john lennon time travel pictue john lennon time travel picture john wilkes booth bobblehead johnny carson uri geller katie holmes upskirt kfc ads on coed butts kids of smart parents smoke more weed killer UFO's kreskin esp game language deaf people think in man arrested for paying with two dollar bills man stays awake 40 days marijuana bust kid perspective married couple in same baby picture meditation caused earthquake miss world 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