My first transaction was with a Korean guy who financed his trade purchases from Korea with Bitcoin, ships stuff over to Philippines and sells it for local cash, then buys more bitcoin to pay his suppliers in Korea. Pretty neat use of BitCoin...however, he needed some cash quick for BitCoins, so that's where I snapped them up...

I am curious tho, at how many confirmations most people want to see on blockchain.info before they hand over cash - i was happy with 4, took about 10 to 15 minutes.