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 Bitcoin Thread v1, and other cryptocurrencies

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sirxl
post Mar 15 2014, 09:05 PM

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We invite you to our BOOST:Bitcoin Party Kuala Lumpur where we continue to celebrate the rise and rise of cryptocurrencies. Having hosted successfully in Hong Kong i.e. RISE:Bitcoin, we now bring the party to the Malaysians in Kuala Lumpur!

The party will be hosted by Barbecue Garden Malaysia, co-sponsored by CoinPip.

Antony Lewis from itBit Pte, Singapore's premier Bitcoin exchange, will be speaking for the Mini-talk Bitcoin 101 session!

Program: 5:00PM – Press Briefing
5:30PM – Event starts
6:30PM – Mini-talk Bitcoin 101
7:15PM – Party time!
10PM – End

http://www.eventbrite.sg/e/boostbitcoin-ku...ets-10888954155

sirxl
post Jul 12 2014, 10:16 AM

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QUOTE(FourZeroFour @ Jun 28 2014, 10:49 AM)
Guys any idea if I can use HSBC with coinbase?
*
don't they only accept USA based accounts?

sirxl
post Jul 12 2014, 10:26 AM

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BitX Malaysia at http://my.mybitx.com/
is launching their exchange feature end of July 2014. PM me if you have problems with verification or the KYC steps.

Wallet feature: Live in 10 countries.
Exchange feature: Live S.Africa and Namibia. Malaysia coming soon.

This post has been edited by sirxl: Jul 12 2014, 10:27 AM
sirxl
post Jul 12 2014, 10:29 AM

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QUOTE(tabletman @ Jul 12 2014, 10:21 AM)
dude if you get caught you can get fired.
*
Do you mean you have your own mining hardware hosted in a DC or
you are using your company resources in a DC to perform mining?

You should not misuse your company resources unless you have clear permission from your management.

This post has been edited by sirxl: Jul 12 2014, 10:30 AM
sirxl
post Jul 12 2014, 10:34 AM

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QUOTE(wen9x88 @ Jun 25 2014, 04:07 PM)
i dont mine anything smile.gif
cannot cover the eletric bill.
*
I've sold off all my miners too.
sirxl
post Jul 12 2014, 10:37 AM

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QUOTE(koonghx @ May 30 2014, 11:11 PM)
Hello guys,
So long no come here already..

EDIT: How is the telegram chat group going on? I didn't jump to telegram from whatsapp because I don't have telegram app, and didn't feel the need to install it just for 1 group..
*
There are over 200 people in the various telegram groups, PM me to join for free.

sirxl
post Oct 19 2014, 09:33 PM

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now MYR 1273 at http://preev.com/btc/myr/source:bitstamp
sirxl
post Oct 19 2014, 09:34 PM

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Bitx Bitcoin Exchange is opened for business at https://bitx.my/market
sirxl
post Oct 21 2014, 03:15 PM

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hi ollie_capollie..
sirxl
post Oct 24 2014, 04:51 PM

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bitcoin trade volumes are picking up at https://bitx.my/

Attached Image
sirxl
post Oct 25 2014, 10:00 AM

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Daily volume at https://bitx.my/market breaks over 1 BTC (1.500631 btc ) on 24 October 2014

Attached Image
sirxl
post Nov 4 2014, 11:50 PM

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Guys, in conjunction with #WebSummit, BitX is launching their new bitcoin apps (trading feature direct on app, coming soon)

#bitx #malaysia #bitcoin

New BitX app on Google Play (Android)-> https://play.google.com/store/apps/details?...id.wallet&hl=en

BitX iOS (Apple) app -> https://itunes.apple.com/app/bitx-wallet/id927362479
sirxl
post Nov 17 2014, 02:09 PM

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QUOTE(Fabio1 @ Sep 2 2014, 01:52 PM)
So how do you buy and manage your coins.
*
https://bitx.co/market

Local transfers via GIRO for MYR.

Cold storage, enterprise level matching engine, and DDOS protection by CloudFlare.
sirxl
post Dec 2 2014, 02:48 PM

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you can either :

1. convert the btc to other alt coins like SJCX or the new XGEM.
2. sell the btc on bitx.co
sirxl
post Dec 5 2014, 01:02 AM

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QUOTE(robotica @ Dec 2 2014, 04:31 PM)
hi everyone in the bitcoin community,
i was told bitcoin is illegal in malaysia recently. can anyone confirm this?

well initially i was interested to try out but after being told not to touch them i'm now kindda sceptical about investing on it

my personal opinion is maybe small amount our central bank won't take action but when figure grow big they will some how take action....just my opinion

or maybe miners will be ok cos they only sell what they mine not buying from illegal source for trading purposes

just out of curiousity wanna get some info smile.gif
*
who said it's illegal?
Malaysia has a neutral stand on bitcoin for now.

http://betanomics.asia/blog/bank-negara-ma...tcoin-statement


sirxl
post Dec 5 2014, 01:24 AM

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utoken (ufunclub)
http://www.bnm.gov.my/index.php?ch=en_financialconsumeralert
sirxl
post Dec 5 2014, 11:33 AM

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QUOTE(robotica @ Dec 5 2014, 11:11 AM)
I was told by one knowledgeable financial analyst who is a speaker in a seminar I attended. He specifically said "DON'T TOUCH" that's why am asking you guys. I initially wanted to invest when it was if not mistaken around Rm2,000++ /BTC. When I heard that speaker warn us I terus uninstall all my BTC wallet....hihihi  biggrin.gif  biggrin.gif

Btw after doing some findings I found this statement by Bank Negara it did not say illegal in a way but they say it's not a legal tender either so i "ASSUME" it's illegal and if they want to tangkap people maybe they can i "THINK" but most probably they won't do anything lah unless you are "BIG" fish  thumbup.gif

Refer here : http://goo.gl/2b0njG

Statement on Bitcoin

The Bitcoin is not recognised as legal tender in Malaysia.The Central Bank does not regulate the operations of Bitcoin.The public is therefore advised to be cautious of the risks associated with the usage of such digital currency.

Bank Negara Malaysia
2 January 2014

Last Updated Date : 05 November 2014

*
It's not illegal, see
http://en.wikipedia.org/wiki/Legality_of_Bitcoin_by_country

Taximonger accepts Bitcoin and
http://bitcoinmalaysia.com/2014/11/01/taxi...accept-bitcoin/

so does IPmart, a large e-commerce company in Malaysia.
http://www.coindesk.com/malaysian-online-r...-fiat-currency/

Please ask that financial analyst to contact me at admin@bitcoinmalaysia.com
as he is spreading FUD.






sirxl
post Dec 5 2014, 01:08 PM

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QUOTE(robotica @ Dec 5 2014, 12:09 PM)
What is FUD?

so sorry i cannot just simply quote ppl like that mah....it's within the seminar room only but there's about 100 attendee who heard his brief advice. he was just giving advice only so don target him lah....The real problem is if all these is in so call grey areas how can ones expect to invest heavily into it maybe for small payment ok lah...and for businesses accepting it without converting to currency is taking a very big risk. don't you think so?  shakehead.gif

just my opinion
*
"Bitcoin" is a protocol.
"bitcoin" is a crypto currency.

There are many arguments as to how governments treat bitcoin.

US Tax Department treats it as "property".
http://www.bloomberg.com/news/2014-03-25/b...m-irs-says.html

Japan says it's a "digital recorded value".
http://www.bloomberg.com/news/2014-12-03/m...n-startups.html

Germany says it's private money.
http://techcrunch.com/2013/08/19/germany-r...ax-coming-soon/

Switzerland is the best,

https://yacuna.com/blog/bitcoin-currency-switzerland/

and http://www.news.admin.ch/NSBSubscriber/mes...ments/35361.pdf

If merchants don't want to manage volatility risk, then they can instantly change it to MYR by using services at bitx.co or bips.me or coinpip.
This are 3rd parties that absorb the MYR risk and merchants get back MYR after deducting the service fee.

There are plenty of merchants facing fraud and chargebacks on credit card and paypal on a monthly basis and they are bleeding severely.

So please do your due diligence before finding the best solution for your needs.



This post has been edited by sirxl: Dec 5 2014, 01:13 PM
sirxl
post Dec 5 2014, 01:09 PM

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FUD -> fear, uncertainty and doubt, usually evoked intentionally in order to put a competitor at a disadvantage.
sirxl
post Dec 5 2014, 02:16 PM

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1. Credit card fraud - Merchants are at the losing end for this type of losses. For users, they still have to pay a minimum amount subject to the bank's T&C.

2. I doubt your coins will be confiscated unless you knowingly indulge in illegal activities like Silk Road merchants.





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