Free Talk Live - bitcoin

DHS Shuts Down Dwolla Payments to and From Mt. Gox

stuntmantdave — Tue, 14 May 2013 22:17:41 +0000

The Department of Homeland Security appears to have shut down the ability to use Dwolla, a mobile payment service, to withdraw and deposit money into Mt. Gox, a Bitcoin trading platform. A Dwolla representative confirmed the move to Betabeat. Chris Coyne, cofounder of OKCupid, posted a screenshot of an email he received from Dwolla, stating that due to recent orders from the Department of Homeland Security, Dwolla cannot complete the bank transfer to Mt. Gox.

Bitcoin: world's fastest growing currency migrates off the internet

TooNs — Thu, 02 May 2013 05:23:08 +0000

In Kreuzberg, Berlin, virtual currency Bitcoin has expanded off the internet to become a favoured medium of exchange in real shops and bars. Joerg Platzer, the owner of bar Room 77 is helping to establish what he believes to be the world's first Bitcoin local economy.

SilkRoad On The Verge Of Collapse; Suffering Massive Hyperdeflation

Deslock Darkstar — Wed, 01 May 2013 14:31:16 +0000

We’ve written on the hyperdeflation problem before. Basically, with Bitcoin prices surging, nobody wants to buy anything, you just want to hold onto your Bitcoins. Conversely, when they collapse, nobody wants to sell. So volatility means nobody wants to transact in Bitcoins, because there’s a good chance that the next day someone will feel like a fool.

The Silk Road is collapsing – did hackers, gov't or Bitcoin kill it?

Deslock Darkstar — Wed, 01 May 2013 14:28:36 +0000

At 6am this morning, I got an email from one of my sleazier contacts. It simply said "looks like Silk Road has collapsed". I fired the Tor browser you need to connect to the site and, indeed, it wasn't there.

Revenue Canada says BitCoins aren't tax exempt

Syd Roc — Sun, 28 Apr 2013 02:40:28 +0000

Revenue Canada says BitCoins aren't tax exempt

Just in time for tax season, the Canada Revenue Agency says the users of Bitcoins will have to pay tax on transactions in the upstart digital currency.

Bitcoin Smashes Empires

Deslock Darkstar — Thu, 25 Apr 2013 09:57:32 +0000

"What follows is my response to a question that was posted on the Rugatu website asking, "What is the legal status of Bitcoin?" After composing this over the course of 10 minutes or so, I realized I liked the response, and decided I want to "polish it up" into a better op-ed style article. Any feedback, positive or negative (though keep it constructive, please) is appreciated.

Follow the money.

paulie — Fri, 12 Apr 2013 01:48:08 +0000

Where does the money go when buying bitcoins?
No one in bit-landia seems to know, or are willing to tell. LOL
"Follow the money" is the oldest and wisest saying since currency was invented. Soo, who ends up with all the money used to buy bitcoins???
The miners? The exchanges?
The FED's owners get all the value of the Dollar.
Who ends up with all the value of the bitcoin? Bottom line.