From the article:
Bitcoins can also be used at the D's gift shop and two restaurants. They won't be accepted on the casino floor.
From the article:
Bitcoins can also be used at the D's gift shop and two restaurants. They won't be accepted on the casino floor.
BTW, the Golden Gate had a really good $8.95 prime rib special last time I was downtown. That's less than the minute to minute fluctuation in bitcoin.Originally Posted by Crowe Diddly
aren't those places more like casinettes than casinos? I wasn't aware that one of them was still open, and the other one I never knew existed at all.
(•_•) ..
∫\ \___( •_•)
_∫∫ _∫∫ɯ \ \
Yeah my wife loves the D.
(•_•) ..
∫\ \___( •_•)
_∫∫ _∫∫ɯ \ \
Set some trading alerts for Bitcoin. Had to recheck to see if they were still there. Been remarkably quiet.
You can draw trend lines for hours and you will still never know which way it will go.
It is drawing a Wedge, Flag, or Pennant pattern and working to a finer and finer point. Which way will it tip? The most powerful argument for letting the other guy make the first move and confirm the direction.
Breathe on this thing wrong and all hell could break loose. Who knows...
Be curious what FTP thinks...
I believe in buying only after the move is confirmed. I don't have a feeling one way or another about the long term future of Bitcoin. I am NOT an investor. I am an opportunist.
Bitcoin looks poised to make a move to the upside. $1070 looks like the magic number it needs to break thru for the first stage of some kinda rally.
I remain properly skeptical as everyone else sees the same thing.
The crowd is usually wrong when it comes to trading. But my experience has been that Bitcoin usually isn't usually manipulated down.
I expect Bitcoin to churn around here and maybe throw a hip fake or two before breaking out. Bet it's a couple of days before the festivities begin. I would really like pattern to be something classic as it possibly blasts through.
Keep your finger poised on the buy button or just grab a beer and enjoy the show. Fucking media will be all over this - which is something to factor in.
Last edited by Sanlmar; 01-26-2014 at 05:56 PM.
You should really write a dictionary/phrase book and call it "Sanlmar's Guide to Trading Anthropomorphism".
Anthropomorphism, or personification, is attribution of human form or other characteristics to anything other than a human being.
You caught me flat footed. I never realized the way I spoke about stocks or Bitcoin was as if they were animate and possessed personality.
But they do have a personality - the reflection of the personalities of those that trade or invest in them. So I guess I am talking about the buyers and sellers.
Shrink, if you recognized my use of anthropomorphism when writing about something as mundane as Bitcoin - what must you be thinking as you read the other posts? PFA must be a treasure trove of psychological dysfunction.
A well adjusted person wouldn't be posting here. Aren't well adjusted people dull by definition?
Last edited by Sanlmar; 01-26-2014 at 05:56 PM.
You should really write a dictionary/phrase book and call it "Sanlmar's Guide to Trading Anthropomorphism".
#FREEJACK #NEVERFORGET
NoFraud Online Poker Room: http://nofraud.pokerfraudalert.com:8087. For password resets and reload requests PM me.
It wasn't so much your use of personification of stocks and Bitcoin that struck me, it was the sheer number of different ways you were able to do it. Quite impressive actually!
And as for the forums being a beacon for psychopathology, as with pretty much any online milieu you'll find a lot of it. The thing about poker is that it generally attracts people with inordinately high levels of narcissism. Add in an anonymous forum and it becomes a Petri dish of wackadoo.
The CEO of BitInstant, a Bitcoin exchange, has been arrested at JFK airport and charged with money laundering.
Charlie Shrem, along with a co-conspirator, is accused of selling over $1 million in bitcoins to Silk Road users, who would then use them to buy drugs and other illicit items.
According to the criminal complaint, Shrem himself bought drugs on Silk Road.
"Hiding behind their computers, both defendants are charged with knowingly contributing to and facilitating anonymous drug sales, earning substantial profits along the way," DEA agent James Hunt said in a release.
Shrem is a vice chairman at the Bitcoin Foundation. He is listed as a speaker at a Bitcoin conference in Miami that ended Sunday.
Shrem is believed to own a substantial amount of bitcoins.
BitInstant, which is backed by the Winklevoss twins, is currently offline. It was recently the subject of a class-action suit alleging misrepresentation of its services.
The arrest comes on the eve of a two-day state hearing about the future of Bitcoin in New York.
Full release from the Justice Department:
Manhattan U.S. Attorney Announces Charges Against Bitcoin Exchangers, Including Ceo Of Bitcoin Exchange Company, For Scheme To Sell And Launder Over $1 Million In Bitcoins Related To Silk Road Drug Trafficking
FOR IMMEDIATE RELEASE
Monday, January 27, 2014
Defendants Sold Bitcoins to be Used to Buy and Sell Illegal Drugs Anonymously on the Silk Road Drug Trafficking Website
Preet Bharara, the United States Attorney for the Southern District of New York, James J. Hunt, the Acting Special-Agent-in-Charge of the New York Field Division of the Drug Enforcement Administration (“DEA”), and Toni Weirauch, the Special Agent-in-Charge of the New York Field Office of the Internal Revenue Service, Criminal Investigation (“IRS-CI”), announced the unsealing of criminal charges in Manhattan federal court against ROBERT M. FAIELLA, a/k/a “BTCKing,” an underground Bitcoin exchanger, and CHARLIE SHREM, the Chief Executive Officer and Compliance Officer of a Bitcoin exchange company, for engaging in a scheme to sell over $1 million in Bitcoins to users of “Silk Road,” the underground website that enabled its users to buy and sell illegal drugs anonymously and beyond the reach of law enforcement. Each defendant is charged with conspiring to commit money laundering, and operating an unlicensed money transmitting business. SHREM is also charged with willfully failing to file any suspicious activity report regarding FAIELLA’s illegal transactions through the Company, in violation of the Bank Secrecy Act. SCHREM was arrested yesterday at John F. Kennedy International Airport in New York, and is expected to be presented in Manhattan federal court later today before U.S. Magistrate Judge Henry Pitman. FAIELLA was arrested today at his residence in Cape Coral, Florida, and is expected to be presented in federal court in the Middle District of Florida.
Manhattan U.S. Attorney Preet Bharara said: “As alleged, Robert Faiella and Charlie Shrem schemed to sell over $1 million in Bitcoins to criminals bent on trafficking narcotics on the dark web drug site, Silk Road. Truly innovative business models don’t need to resort to old-fashioned law-breaking, and when Bitcoins, like any traditional currency, are laundered and used to fuel criminal activity, law enforcement has no choice but to act. We will aggressively pursue those who would coopt new forms of currency for illicit purposes.”
DEA Acting Special-Agent-in-Charge James J. Hunt said: “The charges announced today depict law enforcement's commitment to identifying those who promote the sale of illegal drugs throughout the world. Hiding behind their computers, both defendants are charged with knowingly contributing to and facilitating anonymous drug sales, earning substantial profits along the way. Drug law enforcement's job is to investigate and identify those who abet the illicit drug trade at all levels of production and distribution including those lining their own pockets by feigning ignorance of any wrong doing and turning a blind eye.”
IRS Special-Agent-in-Charge Toni Weirauch said: “The government has been successful in swiftly identifying those responsible for the design and operation of the ‘Silk Road’ website, as well as those who helped ‘Silk Road’ customers conduct their illegal transactions by facilitating the conversion of their dollars into Bitcoins. This is yet another example of the New York Organized Crime Drug Enforcement Strike Force’s proficiency in applying financial investigative resources to the fight against illegal drugs.”
According to the allegations contained in the Criminal Complaint unsealed today in Manhattan federal court:
From about December 2011 to October 2013, FAIELLA ran an underground Bitcoin exchange on the Silk Road website, a website that served as a sprawling and anonymous black market bazaar where illegal drugs of virtually every variety were bought and sold regularly by the site’s users. Operating under the username “BTCKing,” FAIELLA sold Bitcoins – the only form of payment accepted on Silk Road – to users seeking to buy illegal drugs on the site. Upon receiving orders for Bitcoins from Silk Road users, he filled the orders through a company based in New York, New York (the “Company”). The Company was designed to enable customers to exchange cash for Bitcoins anonymously, that is, without providing any personal identifying information, and it charged a fee for its service. FAIELLA obtained Bitcoins with the Company’s assistance, and then sold the Bitcoins to Silk Road users at a markup.
SHREM is the Chief Executive Officer of the Company, and from about August 2011 until about July 2013, when the Company ceased operating, he was also its Compliance Officer, in charge of ensuring the Company’s compliance with federal and other anti-money laundering (“AML”) laws. SHREM is also the Vice Chairman of a foundation dedicated to promoting the Bitcoin virtual currency system.
SHREM, who personally bought drugs on Silk Road, was fully aware that Silk Road was a drug-trafficking website, and through his communications with FAIELLA, SHREM also knew that FAIELLA was operating a Bitcoin exchange service for Silk Road users. Nevertheless, SHREM knowingly facilitated FAIELLA’s business with the Company in order to maintain FAIELLA’s business as a lucrative source of Company revenue. SHREM knowingly allowed FAIELLA to use the Company’s services to buy Bitcoins for his Silk Road customers; personally processed FAIELLA’s orders; gave FAIELLA discounts on his high-volume transactions; failed to file a single suspicious activity report with the United States Treasury Department about FAIELLA’s illicit activity, as he was otherwise required to do in his role as the Company’s Compliance Officer; and deliberately helped FAIELLA circumvent the Company’s AML restrictions, even though it was SHREM’s job to enforce them and even though the Company had registered with the Treasury Department as a money services business.
Working together, SHREM and FAIELLA exchanged over $1 million in cash for Bitcoins for the benefit of Silk Road users, so that the users could, in turn, make illegal purchases on Silk Road.
In late 2012, when the Company stopped accepting cash payments, FAIELLA ceased doing business with the Company and temporarily shut down his illegal Bitcoin exchange service on Silk Road. FAIELLA resumed operating on Silk Road in April 2013 without the Company’s assistance, and continued to exchange tens of thousands of dollars a week in Bitcoins until the Silk Road website was shut down by law enforcement in October 2013.
* * *
FAIELLA, 52, of Cape Coral, Florida, and SHREM, 24, of New York, New York, are each charged with one count of conspiracy to commit money laundering, which carries a maximum sentence of 20 years in prison, and one count of operating an unlicensed money transmitting business, which carries a maximum sentence of five years in prison. SHREM is also charged with one count of willful failure to file a suspicious activity report, which carries a maximum sentence of five years in prison.
Mr. Bharara praised the outstanding investigative work of the DEA’s New York Organized Crime Drug Enforcement Strike Force, which is comprised of agents and officers of the U. S. Drug Enforcement Administration, the New York City Police Department, Immigration and Customs Enforcement - Homeland Security Investigations, the New York State Police, the U. S. Internal Revenue Service Criminal Investigation Division, the Federal Bureau of Investigation, the Bureau of Alcohol, Tobacco, Firearms and Explosives, U.S. Secret Service, the U.S. Marshal Service, New York National Guard, Office of Foreign Assets Control and the New York Department of Taxation and Finance. Mr. Bharara also thanked the FBI’s New York Field Office.
Mr. Bharara also noted that the investigation remains ongoing.
The prosecution of this case is being handled by the Office’s Complex Frauds Unit. Assistant United States Attorney Serrin Turner is in charge of the prosecution, and Assistant United States Attorney Andrew Adams of the Asset Forfeiture Unit is in charge of the forfeiture aspects of the case.
The charges contained in the Complaint are merely accusations, and the defendants are presumed innocent unless and until proven guilty.
Read more: http://www.businessinsider.com/repor...rrested-2014-1
#lolmysides.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
^^^^
I don't have the time to read up on this right now but the DEA can say "Oh you were the prime source people used to obtain bitcoins to use on Silk Road" because they see Silk Road recommend them but if they are servicing several other people then that will make for an interesting argument in court.
One problem is if this guy Charlie Shrem bought drugs on Silk Road and they can prove that then he definitely gets charged on that and they may really lean on him for the maximum penalty possible especially if they can't get any other charges to stick.
Yikes. Have fun going to court with feds.
Gotta give the dude credit, he always shows up where the money is.Preet Bharara, the United States Attorney for the Southern District of New York
And who remembers when Obama won in 2008 and all the left-leaning poker players proclaimed that this office (which had been previously staffed by Bush appointees, and went after Neteller) would be different?
http://www.huffingtonpost.com/george...b_4676132.html
pretty good article on the problems with Bitcoins. Between recent arrests and the seizure of all those Bitcoins by US government, you know an inter agency task force is looking at what to do about Bitcoins. Dont underestimate US governments desire to protect its currency as #1. Remember when China and Russia talked about a super reserve currency a few years ago. No no. USD still haven of choice. Ty world for lending us $ at low interest rates to get us out of recession.
Yell ponzi enough, tie bitcoins to criminals, and issue a simple treasury regulation saying no no and the market will implode. when who knows. take your $ and run if you are in it in my opinion.
Lots of naive anarchist types are proclaiming bitcoin as a revolutionary, unstoppable force that will change world currency forever.
No.
The US is not just going to sit by and let this happen.
Bitcoin will soon be heavily regulated and de-anonymized. It might have a long-term or short-long-term future as an online/cashless payment solution, but it will not resemble the bitcoin culture of today.
It also won't trade at $970/coin.
^ this
and
^^ this.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Understandably, you guys are so confused. That huffpost article is complete dogshit. Bitcoin is never going to "replace" USD.. however, it will do a number of finance based things wayyyy better than we currently do.. Along the way there will be many bubbles and various judicial freak outs but cryptography isn't going anywhere..
Lots of naive anarchist types are proclaiming bitcoin as a revolutionary, unstoppable force that will change world currency forever.
No.
The US is not just going to sit by and let this happen.
Bitcoin will soon be heavily regulated and de-anonymized. It might have a long-term or short-long-term future as an online/cashless payment solution, but it will not resemble the bitcoin culture of today.
It also won't trade at $970/coin.
Druff.. If you read all of these links completely and carefully and watch the Ustream video you will likely change your stance and "wake up" to some degree.. Not only would it make for some legitimately interesting discussion but.. If you can prove to me that you read the articles and watched the entire Ustream, I will donate at least 50 bucks to the radio freeroll on behalf of your commitment to actually try and understand what's going on here.
http://mobile.nytimes.com/blogs/deal...tcoin-matters/
https://medium.com/the-magazine/23e551c67a6
http://voices.yahoo.com/bitcoin-20-e...ampaign=buffer
http://www.ustream.tv/recorded/43173212
Another vapid article written by a journalist who was probably assigned the subject with nothing more than google and an 8 hour deadline.
I am appalled by Druff's endorsement.
The Bitcoin market is manipulated through a Ponzi scheme
There is no doubt that some forces have decided to manipulate the recent value of the Bitcoin to an average of $1,000. That would create phantom value as long as buyers could be convinced to purchase Bitcoins at that price.
It is not difficult to manipulate a market where one can set the price with 1,000 Bitcoins. That manipulation can only work if buyers continue to be willing (with a little speculative push) that the Bitcoin has an intrinsic value.
This is the definition of a Ponzi scheme. As long as more money flows into the market, it might keep its value. Even then, intraday fluctuations of $500 show how fragile the scheme is.
Know your frauds.
I feel foolish even posting the definition but apparently a remedial fraud lesson is in order. I apologize to the 95% of the members who are practitioners and connoisseurs of the finer points fraud.
Pon·zi scheme
ˈpänzē/
noun
a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.
It may be a bubble. Bubbles happen. Caveat emptor and all that. I will defend to the death your right to spew your hard won cash.
Credit the journalist for including this:
When the Federal Reserve Board pronounces that virtual "currencies like Bitcoin have legitimate uses and should not be banned," it commits two sins.
Personally, I feel a virtual currency will be a permanent fixture for now and in the future in some form or other. Regulated or not. A regulated virtual currency will prolly have a greater acceptance.
I am continually impressed by Druff's world view. The US is the center of the financial universe? The worlds changing Druff. As an example, I feel China will very soon be home to the first or second largest automaker. As the worlds population increases along with the incumbent desire for a better life and participation in the middle class lifestyle we enjoy - the demand for finite raw materials will explode. Russia, Canada, China will benefit from their rich resources.
US regulation? Who cares. Online poker thrives without the US. Sure they would like our market but life goes on.
I don't fear the US regulators any time soon. The chart will tip you off to any forthcoming action anyway. (No one can keep a secret in Washington).
So game on. The ref's will keep their flags in their pockets.
Last edited by Sanlmar; 01-28-2014 at 12:56 PM.
http://www.dailydot.com/business/wol...rader-bitcoin/
Spells out what we've been saying for ages; whales manipulate the prices.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Gotta give the dude credit, he always shows up where the money is.Preet Bharara, the United States Attorney for the Southern District of New York
And who remembers when Obama won in 2008 and all the left-leaning poker players proclaimed that this office (which had been previously staffed by Bush appointees, and went after Neteller) would be different?
He's rumored to be the next AG after that Indian on Indian smackdown he just laid on Dinesh D'Souza for illegal campaign contributions.
I definitely thought federal poker legislation would move faster under Obama. Not that I thought he'd prioritize it. Just thought he wouldn't care. Still don't know that he does, but he certainly cares about money, and this particular guy prints it. Total shakedown artist.
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