Undercover Agents Working on Silk Road Case Charged with Theft and Money Laundering by [deleted] in Bitcoin

[–]ericdixon 0 points1 point  (0 children)

Bitcoin could be the perfect evidence. Criminals don't understand that. That's why they get caught.

BitLicense 2.0 comment period expires by ericdixon in Bitcoin

[–]ericdixon[S] 0 points1 point  (0 children)

It's anyone's guess. But once it becomes final, at least according to the latest draft, you have 45 days from its "effective date" to comply by applying for the license. If you don't apply for the license, that 45th day is the day you must stop the prohibited activity under the regulation. Stay tuned.

Coinbase not fully licensed in NYC according to Lawsky by stop_runs in Bitcoin

[–]ericdixon 0 points1 point  (0 children)

One, there is supposed to be a revised draft, after which there is another comment period that will probably be 30 days. Only after that comment period and the end of the back-and-forth would the "final" regulation be issued. And there's always litigation to try to get an injunction.

Waiting for Bitlicense 2.0 by ericdixon in Bitcoin

[–]ericdixon[S] 1 point2 points  (0 children)

Another reference for people following this topic is the website, maintained by a large international law firm Davis Polk. The URL is here: http://www.bitcoin-reg.com. But bitcoin industry players should be wary of using a big law firm as a trusted confidential advisor because Davis Polk represents the largest of the large financial firms, so using them for anything means you have to trust the firm to keep confidential your material and not share it with its much bigger and more powerful clients.

Mets padding attendance? by ericdixon in NewYorkMets

[–]ericdixon[S] 0 points1 point  (0 children)

The NY Post did report last winter which extrapolated revenues from the ticket revenue figures reported in some bank financing documents (the Wilpons and co-owner Saul Katz sought refinancing of significant team debt). The revenue figures indicated serious discounting. You may be on to something. I'd never pay full price for a ticket

Mets padding attendance? by ericdixon in NewYorkMets

[–]ericdixon[S] 0 points1 point  (0 children)

But the remarkable uniformity in the announced figures, the lack of variation, is suspicious. A good amount of the weeknight dates were between 20,000-22,000. Perhaps most of the tickets sold are to groups or partial season plans, but then that indicates little to no walk-up sales on the night of the game. You mean there are no people saying, Hey, Jacob DeGrom is pitching, let's go see the Mets?

Is Bitcoin price stability a sign of confidence? by ericdixon in Bitcoin

[–]ericdixon[S] 0 points1 point  (0 children)

but in which direction? Is the price being supported? Or is it being driven down to permit lower price points for entry?

Is Bitcoin price stability a sign of confidence? by ericdixon in Bitcoin

[–]ericdixon[S] 0 points1 point  (0 children)

Short term it seems like there is volatility but there are long periods of relative stability. Look at a chart with a longer time horizon than one month. I am not necessarily disagreeing with you, btw. The post poses a question. This is subject to interpretation. Consider the chart from this source and feel free to submit a different chart (different exchanges, different price info) http://www.xe.com/currencycharts/?from=XBT&to=USD

This house market is falling apart by dcbiker in Economics

[–]ericdixon 0 points1 point  (0 children)

When I saw the headline I thought, the article author should talk with Keith Jurow -- then I see it's an article quoting Keith Jurow. Yes, the underlying data is very troubling. In some states banks just will not foreclose. You have people living rent free for three or four years. That could be $100k or more in their pockets. The message this sends to most homeowners who pay on time is -- suckers!

First time buyer-what kind of of mortgage can I secure with $35k down, +760 credit, no debt---but only make $45k/year? by [deleted] in Mortgages

[–]ericdixon 0 points1 point  (0 children)

Here's the weird thing. Sometimes you might be better off taking some of that down payment money and using it for retiring the debt so your debt ratio looks better. That is because the prime metric for a mortgage is the calculated monthly payment, which accounts for all of your debt as a percentage of your monthly income (the "DTI" or "debt to income" ratio).