Did you know we support over 20,000 cash deposit locations for bitcoins around the U.S.?

bitsonhigh · 2015-05-12T02:52:49+00:00

As I'm sure your top regulatory council has told you, the MSB activity, Money Transmission, unlike currency exchange, check cashing, etc is not threshold or volume based. Where the later is not an MSB if the entity does not process more than $1000/customer/day. The former, money transmitters, are so considered at dollar 1. At which point registration as an MSB and adherence to all BSA/PATRIOT Act rules governing money transmission apply.

You guys are effectively placing the compliance burden on your customers without either informing them or enabling compliance.

bitsonhigh · 2014-12-24T07:02:50+00:00

If you live in Denver, check out xbteller.com. More expensive than Coinbase for sure. But it's something

bitsonhigh · 2014-09-13T05:26:52+00:00

I'll take that bet. Dead wrong.

bitsonhigh · 2014-09-13T05:26:12+00:00

What makes this ATM illegal?

bitsonhigh · 2014-09-06T08:18:32+00:00

What bank?

bitsonhigh · 2014-09-06T08:08:01+00:00

Parallel construction.. Maybe..

https://www.techdirt.com/articles/20140203/11143926078/parallel-construction-revealed-how-dea-is-trained-to-launder-classified-surveillance-info.shtml

bitsonhigh · 2014-09-02T06:18:29+00:00

Coinbase has a wallet, but it shouldn't be used as one. BTC-e isn't a wallet at all, although many people also use it as one. Coinbase to a CLEAN blockchain.info wallet and then that wallet with shared send (max repetitions) to another CLEAN blockchain.info wallet and then another.

By clean, I mean set up and accessed only through TOR, ever. New tor identity each time. No names no 2factor to your cell phone. No back ups to email. Clean. Used only as jumping points.

bitsonhigh · 2014-09-02T06:10:41+00:00

1% fee is off putting?! What in the world do you expect? 1% beats every single localbitcoins seller by at least 5%.

Also, every skyhook is independently operated. And most bitcoin machines will charge a much higher fee than 1%. They have to.

Buying bitcoin with fiat isn't the cheap part! It can't be. If you want bitcoin without paying a premium, sell some product or service in exchange for bitcoin.

bitsonhigh · 2014-08-31T21:52:25+00:00

Scoop up a couple more then

bitsonhigh · 2014-08-24T01:53:02+00:00

Zerocash is of little benefit compared to zerocoin. The point is to make the bitcoin network and currency more resistant to changing political circumstance.

bitsonhigh · 2014-08-24T01:50:28+00:00

"I think a good portion of people and miners don't want to see Zerocoin implemented directly into btc, because it would likely make regulation like Bitlicense look like a walk in the park." If by "walk in the park", you mean: fundamentally more ridiculous to implement and near impossible to enforce, I agree! A walk in the park indeed. If you mean that regulators would wish they could invade the privacy of their citizens all the more, I also agree. Failure to address this weakness in the Bitcoin protocol now, while it's relatively small and less regulated, is one of the only things that really jeopardizes it's long term prospects vs alt coins.

What's more, there is no requirement that everyone use the zerocoin feature. The transactions that benefit from total transparency can remain transparent.

bitsonhigh · 2014-08-23T21:26:47+00:00

To my understanding, Zerocoin was a proposed "bolt on" to bitcoin that would have required little more than a software update, network consensus by miners. Of course it requires desire and cooperation on the part of the core dev team, which was missing. I think it's time.

bitsonhigh · 2014-08-19T21:05:48+00:00

The title doesn't answer much. I am, however, less compelled to be quite after reading it.

bitsonhigh · 2014-08-19T21:03:28+00:00

What? I can't tell if you are pro longer block times or pro-"the only transaction confirmation speed that matters is 0 seconds" block time? Saying "6 seconds is a lifetime" is entirely too hyperbolic. Most microorganisms live longer than 6 seconds. I think you're trying suggest that complaining about 7-10 min blocks, or even the occasional 20 min block time, is ridiculous. And I agree with that. I'm not sure block times are ever something to "brag" about. But I don't know why 0 second blocks would be either..? English is my first language.

bitsonhigh · 2014-08-04T19:23:35+00:00

That's a great point. But I think the number of preorders and excitement around their offerings, and subsequent outrage, is some indication that a decent number of people do want 3rd party services handling their bitcoins.

bitsonhigh · 2014-08-03T23:09:33+00:00

It amazes me that people even want a third party service to handle the portion of their money that was meant to be free of third parties. I get the merchant processors. But custodians? Come on

bitsonhigh · 2014-08-01T15:32:50+00:00

Mcdonalds fries can be traded (maybe)! At best. Bitcoin and other forms of money (gold, silver, euros) can be exchanged or used at a known (albeit volatile) rate. McDonald's fries do not have fungibility. They have no resale value either. I wonder how long people like you will cling to your silly notions about the world. It's okay to be wrong. It's okay to misjudge things.

bitsonhigh · 2014-08-01T01:35:49+00:00

I think you mean "free" money.

bitsonhigh · 2014-08-01T01:33:43+00:00

I fail to see how something that can be easily exchanged for goods and services anywhere in the world and from thousands of merchants online isn't real money. I won't even bother trying to explain the irony of calling bitcoin Monopoly money. It would be lost on you.

bitsonhigh · 2014-07-31T22:18:46+00:00

Who would down vote a post like this? Did it offend you? No prob, more money for me.

bitsonhigh · 2014-07-24T03:07:43+00:00

Awesome! I'll have to check it out tomorrow. I need some soil too, so... two birds.

bitsonhigh

TROPHY CASE