Monday, November 18, 2013

13-11-18 BITCOIN!

From Wikipedia (the propaganda organ) - recent skirmishes of Bitcoin with the US gov.   
I see in the tea-leaves Bitcoin used in wide parts of the world, and any association with it, holding it, trading in it criminalized in other parts and heavily persecuted.
Guess which nations would be under which parts?
JZ

=Wikipedia=
On 15 May 2013, the US authorities seized accounts associated with Mt. Gox after discovering that it had not registered as a money transmitter with FinCEN in the US.[32][33]
On 23 June 2013, it was reported that the US Drug Enforcement Administration listed 11.02 bitcoins as a seized asset in a United States Department of Justice seizure notice pursuant to 21 U.S.C. § 881.[34] It is the first time a government agency has claimed to have seized bitcoin.[35][36]
In July 2013 a project begun in Kenya linking Bitcoin with M-Pesa, a popular mobile payments system, in an experiment designed to spur innovative payments in Africa.[37] During the same month the Foreign Exchange Administration and Policy Department in Thailand stated that Bitcoin lacks any legal framework and would therefore be illegal, which effectively banned trading on Bitcoin exchanges in the country.[38][39] According to Vitalik Buterin, a writer for Bitcoin Magazine, "Bitcoin's fate in Thailand may give the electronic currency more credibility in some circles." But he was concerned it didn't bode well for Bitcoin in China.[40]
In August Federal Judge Amos Mazzant of the Eastern District of Texas of the Fifth Circuit ruled that bitcoins are "a currency or a form of money" (specifically securities as defined by Federal Securities Laws), and as such were subject to the court's jurisdiction,[41][42] and Germany's Finance Ministry subsumed Bitcoins under the term "unit of account"—a financial instrument—though not as e-money or a functional currency, a classification nonetheless having legal and tax implications.[43]
In October 2013 the FBI seized roughly 26,000 BTC from website Silk Road during the arrest of owner William Ulbricht.[44][45][46]
Two companies, Robocoin and Bitcoiniacs launched the world's first Bitcoin ATM on October 29 in VancouverBCCanada, allowing clients to sell or purchase Bitcoin currency at a downtown coffee shop.[47][48][49]

Prices and value history[edit]

This section was taken and translated from http://cs.wikipedia.org/wiki/Bitcoin#Hodnota_Bitcoinu_v_historii  Based on https://en.bitcoin.it/wiki/History#2010  Until 2013 almost all market with bitcoins were in US $.[50][51]
Bitcoin value history (comparision to $)
Dateprice for 1 BTCNotes
Jan 2009 – Jan 2010basically noneno exchanges or market, users were mainly cryptography fans, who sending bitcoins for low or no value
Feb 2010 – May 2010less than $0,01user „laszlo“ did first transaction – bought 2 pizzas for 10.000 BTC.[53][54] User „SmokeTooMuch“ auctioned 10,000 BTC for $50 (cumulatively). No buyer was found[55][56]
June 2010$0.08in 5 days price growth 10 times from $0.008 to $0.08 for 1 bitcoin
Feb 2011 – April 2011$1Bitcoin takes parity with US dollar [57]
July 8th 2011$31top of first "bubble", this first time of price drop
Dec 2011$2minimum after few months
Dec 2012$13slowly rising for a year
April 11th 2013$266top of price rally, where month ago price raise o 5–10% daily. After the top price would slowly go to US$50. After that it grows again.
May 2013$130basically stable, again slowly rising.
June 2013$100on June slowly dropping to $70, on July rising to $110
Nov 2013$350 - $600from October $150-$200 in November exponentially rising to $400, then $600

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