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Under European laws, the deal means Bitcoin-Central becomes a Payment Services Provider (PSP) that has an International Bank ID number. This puts it on an equal footing with other payment networks such as PayPal and WorldPay. As a PSP it will be able to issue debit cards, carry out real-time transfers to other banks and accept transfers into its own coffers.
Originally posted by tothetenthpower
And Bitcoin falls into the hands of the banking cartels.
Well done Bitcoin, you're now irelevant.
The beautiful thing about crypto currencies is that they are anonymous and CANNOT be manipulated by people in suits.
Well it can be now.
~Tenthedit on 1/1/2013 by tothetenthpower because: (no reason given)
Originally posted by mee30
reply to post by FraternitasSaturni
I do understand the skepticism to a degree but can't you be happy for bitcoin central for pulling off the unthinkable?
Originally posted by FraternitasSaturni
Originally posted by tothetenthpower
And Bitcoin falls into the hands of the banking cartels.
Well done Bitcoin, you're now irelevant.
The beautiful thing about crypto currencies is that they are anonymous and CANNOT be manipulated by people in suits.
Well it can be now.
~Tenthedit on 1/1/2013 by tothetenthpower because: (no reason given)
Exactly my thoughts... wow its like an octopus with an arm in every branch... and it seems to reach everything!
RIP Bitcoin
Originally posted by mee30
reply to post by FraternitasSaturni
Wow I really don't understand what you guys are saying? LOL... So you would rather have seen them stay in obscurity and for no-one to actually take them seriously? Can I ask do either of you guys use bitcoin? Do you own any?
I do understand the skepticism to a degree but can't you be happy for bitcoin central for pulling off the unthinkable?
That's not true, you could trade the bitcoin for ANY other currency on the open bitcoin market. If you thought you could not, then you weren't looking in the right places.
I've been mining bitcoin for about a year now. Done pretty well for myself, even if the market crashed. It was up to 30$ at one point.
What I'm stating is that now BitCoin is in the system and they can come after Bitcoin because it's agreed to play by their rules and not their own.
It defeats the purpose of crowd sourced currency when you ask the powers that be to tell you it's ok.
A currency exchange that specialises in virtual cash has won the right to operate as a bank. Bitcoin-Central got the go-ahead thanks to a deal with French financial firms Aqoba and Credit Mutuel.
I own bitcoins... and I have indeed used them.. I bought a heftier video card specifically for bitcoin mining ( which is harder now since "resources" are being "depleted" ) ... I still think this is a bad idea.. I believe anonymity is at risk when this happens..
Has it been abused? Sure! Governments got involved and it became a monopoly! They will throw you in jail if you create your own money!
www.realitysandwich.com...
HOURS were created by our community's need and pioneer spirit. During the 1991 recession I designed prototype HOURS and began asking people to sign up to accept them. The first 30 people agreed. Had these folks said "that's a dumb idea" or "you could get in trouble," or had they just laughed, then maybe there'd be no HOUR money.
National publicity, which had begun in 1993, peaked in 1996, with stories in the New York Times, Wall Street Journal, Good Morning America, and many others. There have been over 650 stories written and broadcast about HOURS.
Originally posted by tothetenthpower
reply to post by mee30
Really?
mtgox.com...
There are plenty of others that also allow you to do this. This of course excludes any private trades between you and another bitcoin user.
~Tenth