Comment by Mikko Ohtamaa on How to make cryptocurrency easier for law...
Also saying he was not aware that he/she will receive illegal funds when laundering coins is not a defense if the amount of money involved exceeds a certain threshold (notably sums). The fact that you...
View ArticleComment by Mikko Ohtamaa on Merchant tool that will dynamically adjust the #...
Though this idea is intellectually interesting, it sounds like overkill and too complicated to implement for practical use and thus it is very unlikely to exist.
View ArticleComment by Mikko Ohtamaa on Bitcoin investment vehicles
What fees you pay to bring your product to stock markets? Who holds the access to your cold storage? Is it insured? What happens if you lose the key? What guarantees your cold storage service provider...
View ArticleComment by Mikko Ohtamaa on How fast can Ripple transfer money from bank to...
Does 2 seconds make a difference in your life?
View ArticleComment by Mikko Ohtamaa on What percentage of Bitcoin use is legitimate?
The purpose of the laws is to have legitimacy written down in the letter of law very objectively. It might be up to a good debate whether this always successes or not, but this question is not about...
View ArticleComment by Mikko Ohtamaa on What percentage of Bitcoin use is legitimate?
ofnumbers.com/2015/04/22/…
View ArticleComment by Mikko Ohtamaa on USD to BTC conversion code
See here github.com/miohtama/bitcoin-prices
View ArticleComment by Mikko Ohtamaa on BlockChain.info testnet wallet and API
Link only answers are generally discouraged on StackExchange sites. Please include the main points of the answer in the answer text as well.
View ArticleAnswer by Mikko Ohtamaa for Do forum or website exist where can buy things...
You can buy and sell songs and albums on Bitcoin at Liberty Music Store.It is 100% legal and geared towards indie artists.
View ArticleAnswer by Mikko Ohtamaa for If Bitcoin is traceable, how bitcoin scams are...
Bitcoins can be exchanged to dollars in questionable exchanges like BTC-E or LocalBitcoin. These exchanges are not interested in the source of Bitcoin, do not co-operate with authors (police) and thus...
View ArticleAnswer by Mikko Ohtamaa for Bitcoin database needs to rebuild every time...
Shutdown Bitcoin-QT cleanly and no reindexing is needed.The reindexing of bitcoind database is only needed if the application did not have time to properly shut itself down and write all information in...
View ArticleAnswer by Mikko Ohtamaa for Launder cash using bitcoin atms
Most Bitcoin ATM vendors require you to identify yourself and track your buys and sells. This is done due to Know Your Customers and Anti Money Laundering regulation. You need to present the source of...
View ArticleSingle address wallets - no change addresses [duplicate]
Is it legal for Bitcoin transaction to spend output back to one of the input addresses? Namely, to create a single address wallet (paper wallet), so that change addresses do not need to be...
View ArticleAnswer by Mikko Ohtamaa for I've tried everything from mining bitcoin to...
It is too late to mine any crypto-currency without spending huge amounts of money in mid-2015.Long answer:Due to reasons you mentioned in your question, proof-of-work based hashing power is...
View ArticleHow many users did Mt.Gox have?
The amount of lost Bitcoin is well-known, but is it reported anywhere how many user accounts Mt. Gox had before its downfall?
View ArticleEnergy backed cryptocurrency?
Would it be possible to create energy backed cryptocurrency? There are some earlier theories of creating energy backed money. However the instant challenges I see areEnergy (as an electricity) is...
View ArticleAnswer by Mikko Ohtamaa for Is there anyway I can be notified on my phone...
Yes.Many wallet applications support mobile notifications, either through native notifications, SMS or email. CoinBase etc. populars should do this.Furthermore if you know Bitcoin addresses some third...
View ArticleAnswer by Mikko Ohtamaa for API for converting currency such as Euro/USD to BTC
See bitcoin-prices.js library for JavaScript (front end, no server-side components needed) that uses free bitcoinaverage.com API.
View ArticleAnswer by Mikko Ohtamaa for What is the best way to monitor non-wallet...
I use block.io API to detect zero confirmation incoming transactions on Liberty Music Store. block.io can monitor transactions for your own wallet or you can subscribe to arbitrary bitcoin...
View ArticleAnswer by Mikko Ohtamaa for What if my Internet Service Provider decides not...
You can write Bitcoin transaction data on USB stick using your private key.Then you go to a Internet provider or country where they do not block connecting to Bitcoin nodes.
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