JFK

100 bits of virtual nuthin

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dyna mo

you've done better in the 100 spot.

adultmobile

It is somewhat funny there's all this talk about tax on bitcoin income while I am pretty sure 99.99% of posters here made no income in bitcoin at all.

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_Richard_

JFK

sorry.............

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dyna mo

well played.

adultmobile

MtGox suspending cash withdrawals of USD for "the next two weeks":
https://mtgox.com/press_release_20130620.html

BitSpend.net ceased: its banks (Chase and another) both froze accounts, cause: trade in bitcoin as ?too high risk?.
http://www.reddit.com/r/BitSpend/com...ow_and_taking/
Chase says "Your account will be reviewed to decide whether the source of deposits(exchanges) is legitimate and we will decide within 30 days if we will be returning any or all of your money" (bank may not even return any money, but eat it?)

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bean-aid

The irs should consult with franck. Set them straight once and for all

Paul

Oh allow me

It's SO much better than cash, lets say you use a Bitcoin wallet like Bitcoin-QT Vs an actual wallet with cash. With the wallet you can open it up straight away and pay for things but the thing that people just "don't get" about a Bitcoin wallet is you have to wait for your Bitcoin wallet to synchronise with the network to update the blockchain.

Let me tell you it's fucking awesome! There is nothing better than having to wait for a undefined amount of time that can range from 20 minutes to an hour or longer for the blockchain to update before you have the ability to access your funds!

But wait there's more! Then if you want to buy something with Bitcoin you send the Bitcoins and it can take over an hour before 6 confirmations appear on the blockchain, how cool is that!! Credit card or cash you can buy things INSTANTLY but that's the thing with Bitcoin, they just don't "get" how awesome it is.

And it's totally not in the least bit stressful having to wait up to 2 fucking hours to make a transaction!

Another cool thing about Bitcoin you have to keep a tinfoil hat level of paranoia to make sure your Bitcoins don't get stolen by hackers, that's VERY convenient!

The other AWESOME thing about Bitcoin that people "don't get" is that if you buy them from any exchange you might as well put a big red target on your back as it's a fucking Disney Land play ground for all types of criminals from drug dealers, money launderers and if the exchange you use get's shut down as it inevitably will you'll most likely be investigated too!

Then there is also the fact that Bitcoin is worth 90% less than it's current market price, once you take away the hype and speculation i.e. 90% of the market you realize the economy of Bitcoin is roughly in the 100 million mark, half of which is from Silk Road

But people just don't "get it" they don't "understand" Bitcoin

dyna mo

i don't think i've ever read that *convenience* is a benefit/feature/quality of btc.

in fact, it's extremely inconvenient at the moment, either trading it speculatively or trying to transact purchases with it. ever try to get to silkroad? exactly.

not sure what any of that has to do with anything though. that's shit that gets worked out very easily, i doubt the dollar waltzed right into the marketplace unencumbered with issues.

helterskelter808

Convenience is all that matters in the 21st century, at least to 99% of people.

dyna mo

there ya go arguing again.

it's a simple matter to sort out inconveniences, especially the ones here, i.e. time to process.

as mentioned, the exchanges were not part of the concept.

either way, you seem set on arguing.

helterskelter808

What's the alternative to "arguing" then? Agreeing with whatever you say? Why don't you agree with me then, instead of arguing all the time? You fucking dipshit.

dyna mo

settle down.
you don't even care about btc yet you get aggro, resort to name calling, can't shut your fucking mouth about shit you know nothing about and refuse to try and even get a simple grasp of it all.


hahahahahahaha.

Paul

TBH that was me just venting and none of that was aimed at you, it was more aimed at idiots like Franck who used to get ridiculously upset if anyone said anything negative about Bitcoin. It has a load of flaws that the fanboys like Max Keiser refuse to discuss.

IMO Bitcoin is a great concept for transferring money from point A to B quickly, something that banks should incorporate because it's a joke that international wire transfers can take days.

helterskelter808

"Aggro"? You're the one having another meltdown, buddy, whining about me "arguing" because you don't understand how a discussion forum works, taking everything personally, and getting insanely butt-hurt if anyone disagrees with the crap you post. Crap you are never, ever able to back up with anything more than your inane opinion.

Feel free to try and make me shut my fucking mouth though.

helterskelter808

That's dyna_mo too. Flipping out over absolutely nothing.

dyna mo

i was simply commenting on the legitimate convenience issues you mentioned, paul.

as i replied, they are simply issues of processing and helterskelterbr549 could easily sort that out on his own, instead he flips out and calls that me melting down again, not sure what he considers the first meltdown.

either way, this is all too funny. 00o0o0o0o <-meltdown # 3

hahahahahaha.

dyna mo

please post your internet psychology credentials please. a photocopy of the cereal box top will suffice.

dyna mo

when you flipped out on me the last time you accused me of going and immediately googling the topic and posting the links and shit

now you say i don't back my shit up.

are you flipflopping? please clarify.

dyna mo

so i say



and your view of that 1 sentence is:
and i'm the one flipping out over nothing:


got it.



hahahahahahahah.

4

helterskelter808

Let me know when you've finished posting to me, loony.

dyna mo

what i do best at gfy is sarcastically point out the blatantly obvious stupid shit, so i don't see me finishing up with ya anytime in the near future.

helterskelter808

Finished now? Okay. Good.

Thanks for demonstrating that as well as being a complete whackjob, you can't even follow a simple thread. I'm not sure what you hope to achieve by re-writing it, when everyone can simply read what actually happened, but hey, I'm not going to accuse you of behaving rationally.

Perhaps you black out while posting the shit you post and have no idea you posted it, so I'll help you out some:

Post #116 was a reply to post #114 and not #112 as you seem to think, for some wacky reason.

The slight clue, for sane people at least, is that I quoted post #114 and not post #112.

HTH

Now go and lie down.

dyna mo

helterskelter404,

you haven't figured out yet the thread is about the irs and bitcoin?

well, hmm, i don't think i can explain to you now how retarded your post is if you haven't even grasped that the thread is not about you getting angry.


you may want it to be, but it's not. it's about bitcoins.

helterskelter808

Boy, you truly have absolutely no idea how forums work, do you? A thread is about whatever people post to it. Unfortunately, as you have just proven, you are unable to even follow a thread, mixing up who is replying to what, even though it's quoted right there in front of you.

It's also obvious you didn't even understand my previous post, because nothing you said in your reply is even remotely related to anything I said. Why are you suddenly talking about the IRS? That debate was between several other posters, none of which was you.

Here's something else about forums that you don't seem to understand: snipping, ignoring and misquoting doesn't make the original posts disappear or change. Everyone can still read them.

dyna mo

no.

just because you are trying to derail the thread and make it about you does not mean i am not following the thread.

helterskelter808

There you go again, arguing. You're just set on arguing.

dyna mo

it was days ago i posted here i wasn't in the mood to argue with you, can you not follow the thread?

helterskelter808

You're still arguing? You can't help yourself, can you?

dyna mo

sure i can, what do you suggest? how's that?

helterskelter808

I suggest you stop arguing.

dyna mo

i suggested the same to you a long time ago.

helterskelter808

There you go again, arguing.

dyna mo

figure i'll crosspost this post here, that other thread doesn't seem to be gaining traction atm

Dear Mt. Gox Customers and Bitcoiners,

The reaction since yesterday?s statement regarding the temporary suspension of U.S. dollar withdrawals has had mixed reactions, and raised more than a few questions about why we had to take this step right now. Rather than be subject to inaccurate speculation we?d like to clarify some points here. Due to pending matters we are unable to get into everything in great detail, though we?d certainly love to and are looking forward to the opportunity.

1) The problem with the U.S. withdrawals (and even other currencies for that matter) is that our bank can no longer handle the volume of withdrawals. They struggled in the last two months, and the increase due to the Dwolla separation has made it increasingly more difficult. The pressure we brought onto the bank?s resources finally gave in, and we are now working with them to find an alternative method (hence the suspension). We would have preferred to give notice if we were able to, but it was sudden for us as well.

2) We are now working with new banks and alternative methods for transmitting money to our customers. This does not mean we are stopping entirely within the next two weeks, but it will be slower than we would like. We are literally going to use our manpower to process withdrawals ourselves, manually. This will take more time, but we are dedicated to doing as many per day as possible. We announced a suspension in order to manage expectations while we deliver at a temporary reduced rate. Our goal is to have a new system set up in the next weeks with clarity for both the banks and for our customers.

3) Our previous release was rather vague, but for a reason. Mainly, we don't want to upset our bank! They do great work, but our kind of business is completely new to the banking industry. Processing international wires does not just involve pushing a button. It requires real manpower processing everything individually, even in this modern computer age. While Bitcoin's power lies in its ability to transfer fast and securely through software, the rest of the financial world does not operate like that (contrary to popular opinion). Money is surprisingly analog in many ways, and scarily digital in others.

4) Every customer?s funds are safe, sound, and accounted for. In fact, in our dealings with the Japanese financial regulators we have been assured that we are not under local pressure or suspicion and can operate as usual within normal legal frameworks.

5) Mt. Gox is certainly not a martyr, but it would be hard to argue that we aren?t "taking one for the team" as far as Bitcoin is concerned. We are a big target, and are absorbing the frustrations of Bitcoiners, regulators, banks, and a media that still doesn't quite understand what Bitcoin is. This is a job we are happy to fill, and not just because we are compensated for it. Our hope is that, once Bitcoin finds its place, we will be able to say that we made a difference in sorting it all out in the early days. New exchanges, business models, merchants, traders, and consumers are rising up to innovate and create a whole new way of doing business. A lot of lawyers are getting new cars in the meantime too.

6) As risky as it is to invoke the name of Litecoin (LTC???), we must apologize for not keeping everyone up to date. The fact is that the current situation means a continued delay, but for good reasons. We?re looking at July right now, though that depends on a few things. Mainly, we want to do things correctly from the beginning.

7) The new trading engine is finished, is smokin? fast, and is currently undergoing bench tests. We?re looking forward to deploying it very soon.

While not the most in-depth update we'd like to give, we hope that it has at least clarified a few things. In the next few weeks we are planning to do another AMA on Reddit when we?ll hopefully be able to answer many more questions and also shed some light on what?s been going on at Mt. Gox these past months. Thank you for your patience and support.


https://gfy.com/showpost.php?p=19680822&postcount=2


it had crossed my mind that they had simply been overwhelmed with transaction requests.

Dead

As much as the naysayers would Love nothing more then to see this bitch crash, cause that shit is funny ...I fucking laugh every time too!
Educate yourself on how to stay in the dark and cover your fuckin' tracks Jack!
Pansies need not apply, this thing is for the aggressive....nothing ventured, ;)