Given the non-existant minimum size, couldn't this also be used as a way to send secure, encrypted messages without ever hitting an email/phone server?

That right there is a damn valuable feature.  .001btc transactions as the new untracable text message

What about an exchange doing WoW gold -> BTC - Are the stereotypes true?  Are many chinese farmin' MMO gold, or at least have the ability to easily buy it?

Seems like this whole thing would be illegal in china - Have you checked?

Guess who has the biggest printing press and isn't afraid to use it. 


The crazyness will continue until suddenly it doesn't, and that'll be even more scary.

Bitcoin is money.  If you want to take other money you have and buy bitcoin money with it, thats fine.  If you want to work and accept/request bitcoins in exchange, thats fine.

if you want to understand the protocol, I recommend reading the Bitcoin White Paper by Satoshi

Welcome to the community

Bitcoin is something new.  Uncle Joe understands credit cards, but he doesn't understand the difference between good money or bad money.

That lack of understanding means Bitcoin is a hard sell, although with the performance of the markets it's getting easier and easier to explain it to him.

This implies there is a finite amount of value in BTC, and that any fork will neccesarily draw that value away from BTC into the fork. 

any fork will get value the same way BTC did - People buying into it with an existing currency.  That will most likely be USD.

This is only a problem because there are problems funding with USD right now.

As far as relative valuations go, whats the point of having a fork if they trade for exactly the same value?  If you want something to be priced exactly the same as BTC I recommend.... BTC.....

lol

Unless the point here is to create a new "early adopter" gold rush while also guaranteeing against non-adoption (the peg), this is a non-starter

Isn't this analysis ignoring one big thing - It's hard/time consuming/expensive to go from USD -> BTC right now, or really any non-digital currency.

Look at the timing of past surges - There is money trying to get in, and just not getting past the funding hurdle?

Add to that the series of amateur hour mistakes from various bitcoin organizations and thefts, this seems like a pretty extreme negative scenario... until the funding part eases up, at which point the market gets an infusion of hot cash and we're back to the races.

Are you mindful of those factors?  It seems like your analysis is purely based on the charting, which is an incomplete picture by any standards.

next resistance is $9

Honestly though if you're not in a shot-term trading position this isn't anything to get upset about.  Outside of the internet failing the realities of bitcoin are too compelling for it to die.   And in an environment like this (the broader financial markets), Bitcoin isn't going to get any less attractive.

As far as the move goes - I chalk it up to growing pains - lots of amateur hour shenanigans from the various exchanges and businesses, plus the difficulty of getting your $$ into BTC.

I bought some more at $10 and will buy again at $4 if we get there

Nice name, Bitcoin dreams   Listening to it now

Welcome to the neighborhood - Out of curiousity, how old are you guys?

-Atom

Step 1: Develop time machine
Step 2: ??
Step 3: Profit!

fill in the blanks

Good list, we've got some ideas   Still working on the format, and might have a few more surprises coming up.

Read "The Starfish & The Spider: The Unstoppable Power of Leaderless Organizations"  (you can also watch a presentation @ Google by the author, the current president of ICANN Rod Beckstrom)
If you want to understand why Satoshi did the right thing in "inventing Bitcoins, helping develop them a little bit, and then disappearing never to be seen again"


And frankly this is the way it has to be, if he had stayed the project would have failed.

Hi Chris,
Is it worth joining if we don't have expertise on the technical side just to add numbers?  Or is this really only useful if one has that expertise?

Morpheus,
Thanks for being on episode 3 of BitTalk!  You're interview is the first out the gate, and the bitcoin.org forum episode thread is here

BitTalk, with Atlas & Atom #3 - Interview Extravaganza (Direct Link)

Don't miss an episode!  Subscribe @ www.BitTalk.tv


Join us this week for interviews with:

- Morpheus of the Decentralized, P2P Bitcoin Dark Exchange Project

*Dark Exchange Project forum thread @ Bitcoin.org

*Ready to start trading on the Dark Net?  Visit Github to get the software

-Dan & Jonathan of BitCoinWorldMarket.com

Answer to the Legal Tender question:

Questions, Comments or other feedback to:
Email - Bittalkradio at gmail dot com
Voicemail - (740) 521-9248

When I was a child, I spake as a child, I understood as a child, I thought as a child: but when I became a man, I put away childish things

Finally time to sell my games.

Full text of the bill:

HR 1098 IH
112th CONGRESS
1st Session
H. R. 1098
To repeal the legal tender laws, to prohibit taxation on certain coins and bullion, and to repeal superfluous sections related to coinage.
IN THE HOUSE OF REPRESENTATIVES
March 15, 2011
Mr. PAUL introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned
A BILL
To repeal the legal tender laws, to prohibit taxation on certain coins and bullion, and to repeal superfluous sections related to coinage.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘Free Competition in Currency Act of 2011’.
SEC. 2. REPEAL OF LEGAL TENDER LAWS.
(a) In General- Section 5103 of title 31, United States Code (relating to legal tender), is hereby repealed.
(b) Clerical Amendment- The table of sections for subchapter I of chapter 51 of title 31, United States Code, is amended by striking the item relating to section 5103 and inserting the following new item:
‘5103. [Repealed].’.
SEC. 3. NO TAX ON CERTAIN COINS AND BULLION.
(a) In General- Notwithstanding any other provision of law--
(1) no tax may be imposed on (or with respect to the sale, exchange, or other disposition of) any coin, medal, token, or gold, silver, platinum, palladium, or rhodium bullion, whether issued by a State, the United States, a foreign government, or any other person; and
(2) no State may assess any tax or fee on any currency, or any other monetary instrument, which is used in the transaction of interstate commerce or commerce with a foreign country, and which is subject to the enjoyment of legal tender status under article I, section 10 of the United States Constitution.
(b) Effective Date- This section shall take effect on December 31, 2011, but shall not apply to taxes or fees imposed before such date.
SEC. 4. REPEAL OF SUPERFLUOUS SECTIONS.
(a) In General- Title 18, United States Code, is amended by striking sections 486 (relating to uttering coins of gold, silver, or other metal) and 489 (making or possessing likeness of coins).
(b) Conforming Amendment to Table of Sections- The table of sections at the beginning of chapter 25 of title 18, United States Code, is amended by striking the items relating to the sections stricken by subsection (a).
(c) Special Rule Concerning Retroactive Effect- Any prosecution under the sections stricken by subsection (a) shall abate upon the taking effect of this section. Any previous conviction under those sections shall be null and void.

OP is right, heres the announcement from RP and the bill info - I thought it was just a metals bill at first, but its actually revoking legal tender laws among other things.

http://www.youtube.com/watch?gl=US&feature=player_embedded&v=4VrjSzERvcs

http://www.govtrack.us/congress/bill.xpd?bill=h112-1098

You don't need Bitcoins to start accepting bitcoins, you just need to download the software to get an address.

As mentioned in the original post, the games are all used and usable, if you buy a bunch they'll probably ship on a wrapped and padded spindle - Most of the PS3 games have cases, the xbox360 games do not.

The woot monkeys are new