Fifty Buck - Dental Floss Tycooning

Below - you can see the FUN that you can have with digital currencies, and who knows you might just get lucky buying into what appears to be a SWELLING phenomena. Indeed in just the last few months 100's IF NOT 1,000's of `Virtual Coins' have come into beingness. It's an amazing site as EVERY CONCEIVABLE BRAND NAME is being trotted out onto the stage..... from the `Prism' coins that are colors `BlackCoin, RedCoin, WhiteCoin', etc etc. To the VERY latest fad.... the various names for POT..... you will see below what I mean as I initially invested 0.01 or 0.005 Bitcoin into some of the names in the last day or so on a new exchange I've found and am using (and enjoy more than Coins-e, more action) - anyway see the chart below and then I will follow with some more analysis and comments..... https://qoinpro.com/a90da36b9456a793efb260b71192108c

CURRENCY NAME SYMBOL AVAILABLE BALANCE PENDING DEPOSIT RESERVED EST. BTC VALUE % CHANGE
ReddCoin RDD 38500.00000000 0 0 0.00500500 0.0%
SativaCoin STV 15052.21250000 0 0 0.00842924 -11.1%
ExclusiveCoin EXCL 2320.00000000 0 0 0.02934800 -28.7%
PotCoin POT 2020.00000000 0 0 0.01411980 -3.1%
GanjaCoin GANJA 1000.00000000 0 0 0.01050000 26.7%
SolarCoin SLR 400.00000000 0 0 0.00992400 -8.3%
CheckCoin CKC 226.00000000 0 0 0.00457650 -2.4%
CannabisCoin CANN 172.00000000 0 0 0.00463884 -7.0%
BlackCoin BC 101.73421506 0 0 0.00945111 -4.8%
Vertcoin VTC 60.00000000 0 0 0.00983280 -4.3%
ViaCoin VIA 40.00000000 0 0 0.00704040 1.2%

Bitcoin BTC 0.03433636 0 0 0.03433636 0.0%



As you see, I bought and own 15k SativaCoin, 2k PotCoin, 1k GanjaCoin and 172 CannabisCoin, .... all on my assumption that the upcoming elections could provide yet another boost to legal herb in the USA (certainly DC will pass). And while PotCoin has been around all of a few months - the others are NEW this month, in the last days in some cases.... I haven't even bought all the names available either such as DarkKush.

Kind of like the CNBC phrase `buy the rumor (the election) - sell the news (the outcome)'..... and what would happen if all the legal users started to ...... invest.
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A BIT more,...... as you can see all of my purchases were not related to the Pot brand name - I got and intend to keep the ReddCoin (of Reddit fame), and VertCoin and ViaCoin, to me had interesting `charts' which I'd like to trade upon as does Exclusive coin - which is the first coin I've `loaded' up with (all of about 10 bucks USD) - all of these are recently newly released coins overall.
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The coins got into my Bittrex account via transfers from Coinbase and Coins-e (where I still have ScotCoin and KarmaCoin).... I've listed the Coinbase link for you to use when you buy your first Bitcoin - remember - Coinbase is the one that has a relationship with PayPal. If you ultimately buy 100 USD worth of Bitcoin from Coinbase via my link - you and I get Five USD worth of automatic Bitcoin into our wallets - so, please use it even if you intend to only make a few dollar first purchase of Bitcoin....... the other link I want you to use if ALL THIS is new to you... is the FREE Bitcoin link above from Qoinpro.... that too will help you acquire your first digital/virtual currencies. All you need to use or give to qoinpro is your e-mail and confirm it. Please use my banner above to sign up.
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Portfolio Update Soon

Why not buy some Bitcoin and start the fun?

Or At Least Get The Free Bitcoin

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.

http://bravenewcoin.com/assets/Uploads/_resampled/CroppedImage322348-moolah-bankrupt.png

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.

	< 18	13%
	18-24	8%
	25-34	13%
	35-44	28%
	45-54	18%
	55-64	17%
	65+	4%

	Republican	29%
	Democrat	17%
	Independent	54%

	$0-50k	57%
	$50-100k	30%
	$100-150k	7%
	$150k+	6%

	No College	33%
	College	48%
	Grad School	19%

Male	93%
	Female	7%

	Caucasian	77%
	African American	4%
	Asian	3%
	Hispanic	15%
	Other	2% So, in summary - educated white guys over 35 who as slackers on income reject the two main political parties

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’s mission is to safeguard the financial system from illicit use and combat money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities.”

- FinCEN.gov

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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.

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Next Up

switching exchanges

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Free Bitcoin And Other Virtual Wallets