License to print money... BitCoin?

August 9th, 2013 at 3:33:01 AM permalink
odiousgambit
Member since: Oct 28, 2012
Threads: 71
Posts: 1510
Quote: Pacomartin
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".


Then the meaning revolves more around "when it is accepted the debt is extinguished". Thanks.
Mustard:You like Kipling, Miss Scarlet? Sure, I'll eat anything [from movie]
August 13th, 2013 at 10:49:51 PM permalink
Fleastiff
Member since: Oct 27, 2012
Threads: 48
Posts: 4324
Forbes: Every important person in BitCoin just got subpoenaed by NY Regulators.
Forbes
August 15th, 2013 at 10:39:36 AM permalink
Fleastiff
Member since: Oct 27, 2012
Threads: 48
Posts: 4324
Recent theft of five grand in BitCoins made possible by flaws in Android's Java and OpenSSL crypto PRNG, Google revealed in a blog post. See: Slashdot 08/15/13.
August 18th, 2013 at 8:14:09 PM permalink
Fleastiff
Member since: Oct 27, 2012
Threads: 48
Posts: 4324
Recent slashdot: Germany has declared bitcoin to be private money, therefore lawful but subject to capital gains tax if used in multilateral clearing houses.
August 31st, 2013 at 5:40:21 AM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 98
Posts: 6203
Why on earth is the price going so crazy this week? Syria/Egypt?
The man who damns money has obtained it dishonorably; the man who respects it has earned it
October 30th, 2013 at 11:31:26 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 677
Posts: 7770
Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k

Bitcoins are now going for US$200. This story of a man who bought 5000 bitcoins in 2009 for $27 are now worth US$1 million. He cashed in 20% and bought an apartment in a nice spot in Oslo.
November 2nd, 2013 at 1:50:03 PM permalink
Fleastiff
Member since: Oct 27, 2012
Threads: 48
Posts: 4324
So why can't I market a bit coin knockoff?
November 3rd, 2013 at 8:23:41 AM permalink
TheCesspit
Member since: Oct 24, 2012
Threads: 23
Posts: 1929
Quote: Fleastiff
So why can't I market a bit coin knockoff?


You can.

Nothing stops you creating your own virtual currency. It wouldn't validate to the bitcoin system though, so if you sold your virtual coin as a 'bitcoin' it would rapidly be apparent it wasn't a valid coin, and the transfer would be rejected by the buyer.
It is said that your life flashes before your eyes just before you die.... it's called Life
December 20th, 2014 at 12:45:29 AM permalink
Fleastiff
Member since: Oct 27, 2012
Threads: 48
Posts: 4324
Bitcoin now has a novel. God is a Gamer.
December 30th, 2014 at 12:06:17 AM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 677
Posts: 7770
While peaking at $1242 on Mt Gox it seems they are down around $322.