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License to print money... BitCoin?
| July 7th, 2013 at 5:10:50 PM permalink | |
| Fleastiff Member since: Oct 27, 2012 Threads: 62 Posts: 7831 | DEA seize 11.02 bitcoins from drug dealer. |
| July 7th, 2013 at 6:42:00 PM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 | Silk Road website !  |
| July 24th, 2013 at 12:26:32 PM permalink | |
| Fleastiff Member since: Oct 27, 2012 Threads: 62 Posts: 7831 | SEC files complaint in Texas against Trendon Shavers for a several million dollar Ponzi scheme denominated in bitcoins. |
| July 30th, 2013 at 12:31:39 PM permalink | |
| Fleastiff Member since: Oct 27, 2012 Threads: 62 Posts: 7831 | Thailand makes bitcoin illegal. http://www.paritynews.com/2013/07/30/thailand-government-declares-bitcoin-illegal-trading-suspended-indefinitely/ |
| August 8th, 2013 at 12:50:59 AM permalink | |
| Fleastiff Member since: Oct 27, 2012 Threads: 62 Posts: 7831 | Federal Judge declares BitCoin to be a lawful currency subject to US jurisdiction. |
| August 8th, 2013 at 2:54:25 AM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
It's been stuck at around $100 since May first. It is starting to behave like a real currency. It would be interesting to know how many investors there are over 100 bitcoins, over 10 bitcoins, and over 1 bitcoin. |
| August 8th, 2013 at 4:27:57 AM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18210 |
Probably what the creators want. A parallel currency is not useful if it has wild swings. I saw it went down to 80 last month, since regained. One has to wonder if Egypt is affecting it? It will become interesting if this thing stays around and becomes a method of international trade. Imagine, an embargoed country has a bitcoin wallet and uses it for trade. Ship oil from Iran, get paid in bitcoin. Move that to cash or trade it to someone else for whatever else. Since 1946 the USA has constructed an international financial system where an individual country can be largely locked out at will. Washington will not care to give this up. The President is a fink. |
| August 8th, 2013 at 6:15:55 AM permalink | |
| odiousgambit Member since: Oct 28, 2012 Threads: 154 Posts: 5105 | sorry, havent read all posts [too many] but I have always assumed one issue with "legal tender" is whether someone you owe money to has to accept it as payment ? I'm Still Standing, Yeah, Yeah, Yeah [it's an old guy chant for me] |
| August 8th, 2013 at 8:04:29 AM permalink | |
| TheCesspit Member since: Oct 24, 2012 Threads: 23 Posts: 1929 |
Which you can't get unless self reported.. part of the point of bitcoin :) It is said that your life flashes before your eyes just before you die.... it's called Life |
| August 8th, 2013 at 9:41:13 AM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
I believe that "legal tender" is something that can be offered, and when it is accepted the debt is extinguished. The legal definition does not say it "has to be accepted". Personal checks, credit cards, debit cards, and similar non-cash methods of payment are not usually legal tender as they do not extinguish the debt until settled at a later date with a bank. Also pennies and $100 banknotes may not be accepted under circumstances because of convenience or safety to the clerks. While they are clearly "legal tender" they do not "have to be accepted".  |