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  • Replies: 55
  • Topics: 6
  • Likes Received: 34
  • Is there incentize to buy FLDC aside from speculation?

    I've tried folding for a little while and actually not sold any of the tokens I've earned, but was wondering if there is any use aside from a speculative investment for someone to purchase the tokens. A while ago, I had some Gridcoins since I really like the concept of providing unused computing power to worthwhile efforts.

    One thing I always thought would be cool would be if you could use these "science oriented" tokens for purchases geared towards the science community. A big one I had thought of was using these tokens to buy tickets to the Smithsonian Institute of Arts or other museums that promote science. When people go to these types of places, they are in an open mindset where they may actually read a small description next to a computer humming away in the corner of the room that is folding proteins. It would be awesome if people could at least pay for a portion of their entry fee in whatever FLDC they earned prior to visiting such a place.

  • Re: How is it that Poloniex can be a registered money service business and know not require any information from users?

    @pooktwo

    @cryptomatic From the terms of their site:

    BSA / FinCEN

    Poloniex is registered with FinCEN as an MSB (Money Services Business), registration number 31000055869515. Poloniex may be required to file details of account activity to this organization from time to time.

    I've never had them ask for information even when withdrawing from my account. The only thing they required was an email address. They are also based in Whitefish, MT, USA so it just seems a little strange to me.

    It might have something to do with the fact that they are not dealing with any USD directly, but rather tokens that represent USD (XUSD).

    But I looked it up on FinCen and they are there, here is the search area http://www.fincen.gov/financial_institutions/msb/msbstateselector.html and just put in their MSB number 31000055869515 and you will see them

    Yup, they're listed as having activities of 'money transmitter' and 'other'. I wonder if things are going to change in terms of information they require from users when the bitlicense is finalized since NY is included as one of the states they do business in.

  • How is it that Poloniex can be a registered money service business and know not require any information from users?

    From the terms of their site:

    BSA / FinCEN

    Poloniex is registered with FinCEN as an MSB (Money Services Business), registration number 31000055869515. Poloniex may be required to file details of account activity to this organization from time to time.

    I've never had them ask for information even when withdrawing from my account. The only thing they required was an email address. They are also based in Whitefish, MT, USA so it just seems a little strange to me.

  • Is ASIC microchip development still making strides?

    Early in 2014 all I remember is hearing how one company or another was pumping out fast and more efficient ASIC mining chips. Then with all the shipment delays and customers receiving bad hardware coupled with the skyrocket in mining difficulty I haven't heard much since. Do you think it's at the point where a mining company startup can't afford to develop a faster chip than what's available now? Or just less incentive since the price has been declining for the past year?

  • Re: Do you listen to LTB podcasts for Content or Magic Words?

    I listen to the majority of the shows in their entirety, I definitely listen to all of yours. You do some great interviews and I know I'll enjoy them anyways so there's no point in searching if I'm gonna stream the entire thing.

    There's very few shows that I just can't stand, actually just one which I won't name. Other times the content is just not interesting to me so I may skip around, but it would have to be painfully uninteresting to get to that point.

    I like shows that get into technical aspect of bitcoin, theory, and direct use cases. Some of the libertarian agenda sounding shows are interesting in concept but just come off as sounding like conspiracy theorist ramblings to normal people.

  • Re: Double spending is back, don't miss out on the opportunity of a lifetime.

    This is so false it's hilarious.

    Gee you guys are 'stealthily' mining a private block that will get n confirmations? Sounds like you must have stealthily acquired a large percentage of the network hashing power without anyone noticing. Good luck mining this fork that 0 nodes will accept with confirmations.

    Stay far away from this one people, not only is he trying to screw the merchants and trying to distance himself legally with a one sentence disclaimer, but he'll steal your BTC from your backup. Why would anyone be required to provide a backup for a service even if you were legitimate!?!?

  • Re: Crypto Cards: The First Cryptocurrency Related Trading Card Game

    Really looking forward to this project! Sadly I dont have the artistic skills to contribute on that front but I sent a LTBc your way!

  • Re: All Android podcast apps I try fail with LTB

    The same thing's been happening to me. I use Podcast Addict and all the other podcasts stream fine. The main LTB and some others like Bitcoins and Gravy used to work but now I have to stream all of them off of soundcloud. Hopefully it will all work when they put out the LTB app for android.

  • Re: about flagging people

    Maybe people are considering your posts to be spam or lacking in substance and are flagging them.

  • Re: How will regulations shake things up?

    On a positive note, any regulation imposed will lend legitimacy to cryptocurrency as a whole. The fact that they are even spending time trying to figure out how to regulate businesses in the space makes a statement by itself.

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