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Maciej J. Bańkowski

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Maciej J. Bańkowski last won the day on May 7 2013

Maciej J. Bańkowski had the most liked content!

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About Maciej J. Bańkowski

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  1. Ripple

    My thoughts exactly
  2. Ripple

    IMHO the crypto-currency that will be the first to create a payment system that is easy to use by an average teenager will win. Be it Bitcoin, Ripple or CoinXYZ - ease of use/usability is the key. It always was. No product that is cumbersome to use has ever been accepted by the public. Bitcoins are not easy to use because they are hard to acquire and withdraw - you either have to perform money transfer acrobatics or pay up high fee for convenience and now with an additional step of ID verification. If this won't change it will bury Bitcoin, at least in terms of broader use by the public. Ripple seems more flexible in this area but to be honest, it still does not seem to hit the sweet-spot in my opinion. I guess we have to wait a bit more to be sure. There is still space for innovation here.
  3. Ripple

    Same here. If you are not ready to make the project open sourced and allow others to contribute at least make it public, so that people can audit the code. Even if someone would try to exploit any early bugs it is not like Ripple is very popular yet, no real harm would be done. It is still a very niche solution. Kindly please, publish the code.
  4. Is your bitcoin ASIC legal?

    Correct me if I am wrong but FinCEN cares only about USD and not Bitcoin or sea shells one may have. As long as one does keep away from exchanging anything of value for USDs, one is perfectly safe from FinCEN's regulations as it lacks any authority on such trades. FinCEN is only concerned about exchanges where USD is involved and it just so happens that one side of BTC/USD trade does fall under its authority. Mining Bitcoin with ASIC or pocket calculator for that matter is legal. It is the exchange of those BTCs into $$$ that is to be regulated. Since I do not live in USA I really do not care what FinCEN does but it is somewhat frustrating to see the "FinCEN tries to regulate Bitcoin" FUD being spread all over. All FinCEN has mandate to do is to regulate transfer and exchange of value using USD. Once again, if I am wrong, by all means, please do correct me.
  5. Ripple

    Thank you Lorenzo
  6. Ripple

    Hello, I am willing to try Ripple out. My address is rL6i2sUwVptjEbXghdoeQR5bkNph3TFGpR Donations for testing purposes will be much appreciated
  7. BF board meeting agenda requests

    4% is a minority, it might be men, women or whoever it happens to be. It is still a minority compared to the community as a whole. I do agree it is more beneficial for Bitcoin if it has well established user base. However, marketing Bitcoin to any one group falls outside BF's scope. Let the free market decide.
  8. BF board meeting agenda requests

    I agree and that is why I am for supporting initiatives that have high benefit to cost ratio. Pouring BF's resources into essentially a marketing project focused on a minority group seems very inefficient in that context. Than again, if someone is able to commercially develop an application that helps women or less tech-savvy users as a whole to easier transact in Bitcoin than market is going to reward them accordingly and BF's resources can be better spent elsewhere.
  9. BF board meeting agenda requests

    Since there are no barriers to entry into the Bitcoin ecosystem apart from actual will to do so it must be then that most women are not interested that much in Bitcoin development. I did pay my member's fee to support reasonable proposals and not squander them on useless projects. BTW, no long lasting successful monetary system to date was ever developed by females and I guess there is a very good reason for it.
  10. BF board meeting agenda requests

    Piotr, as I understand it, Bitcoin Foundation is apolitical about Bitcoin use, meaning it does not engage with governments and politics in any way except for providing information and education. If BF does not want to support any efforts to make Bitcoin a legal tender anywhere in the world then I honestly doubt it will provide any clear-cut guidance on Bitcoin use in politically unstable regions. It just would not follow.
  11. BF board meeting agenda requests

    Thank you Jon for a crystal clear statement on this issue. Happy New Year
  12. BF board meeting agenda requests

    Topic for discussion: Bitcoin as legal tender. Similar concept was adopted by Uruguay for C3 currency mentioned here: https://bitcoinfound...-2013/#entry529 If any government in the world would accept Bitcoin as means of tax payments this would tremendously stabilize Bitcoin's legal status and exempt it form VAT collection. In essence: What is Bitcoin Foundation's stance on support to make Bitcoin a legal tender by means of acceptance as tax revenue in some country in the world?
  13. Bitcoin goals for 2013

    Piotr, I did not notice the community bit and assumed you are writing about foundation. Sorry about that, my bad
  14. Bitcoin goals for 2013

    Jon, I did not ask how you spend your personal income, it is beyond my interest. The question was different. Bitcoin is not outlawed, you are correct but it is not legal tender so when a business buys or sells Bitcoin one should technically add VAT. Since it is not recognized as a currency it counts as a sell of a good not as a currency exchange which is exempt form VAT. This in reality makes it somewhat banned by means of VAT "premium". It is true that almost no one adds VAT to Bitcoin/FX market transactions but for me it is only a question of time before a taxing authority from one of the nation states spots this practice and starts enforcing VAT collection. I know I would do it in an instant if I was in charge of tax collection in my country. If it was this simple as you describe it, there would be no problem for organizations to accept and trade in Bitcoins but unfortunately companies are afraid, and rightly so, of Bitcoin gray-area status. No large scale 3D business wants to take the risk of tax evasion charges and I can not blame them. To resolve this, we need to convince at least one nation state in the world to accept Bitcoin for tax payment purposes. This would make Bitcoin a legal tender and make its legal status crystal clear. This is exactly what was done in my country when a silver dealer wanted to circumvent VAT for his silver coins. He convinced some small African government to make his coin a legal tender and so now his coins are currency and are exempt from VAT. Similar thing was done for C3 (corporate debt currency) in Uruguay. Today Bitcoin is like silver melted into industrial bars - VAT applies so it is not suitable as a medium of exchange as far as tax code goes. It needs to be changed and IMHO Bitcoin Foundation should at least support, if not get involved directly, with an initiative to make it a legal tender somewhere in the world. For me this should be a major goal for BF as not doing it pretty much invalidates all other efforts.
  15. Bitcoin goals for 2013

    Jon, thank you for your comment. I guess I was not clear enough on what I meant by "shape legislation". I agree with you in that education is the best way of influencing legislation initiatives. However, it is not clear to me what is BF's strategy for convincing law makers Bitcoin should be legal. I hope you agree with me that it should be. There is the *small* problem of Bitcoin being designed to deprive the state of power over monetary monopoly. It would seem there are only 2 ways this can play out. Either the state will agree to this but impose regulation or more likely it will eventually make Bitcoin illegal under whatever pretense - money laundering being my best bet. So is BF going to proceed with such issue, and if so, then how? About Gavin's presentation to the CIA/FBI. It was my understanding that it was his private effort to make Bitcoin more transparent to the government institutions i.e. to educate them about the protocol. If so, then I do consider BF existence as an extension of this educational effort but now in public domain and with a broad and open community. Am I missing something? Do you know what is Gavin's take on this? To get back to the theme of "regulation" and problems with widespread usage of Bitcoin in 3D. Jon, please tell me, are you willing to move your primary source of income to "System D" economy based on Bitcoin if it was banned by the state? How would you then legitimately buy any significant asset (car, yacht, home, company etc.) with funds that came from "System D" without being prosecuted by the state for money laundering and tax evasion?