I wonder what happened with Goomboo

Thank you!

The price seems to be correct. Why are you asking?

It's so nice that you guys missed me! I'm on a vacation for the next two weeks, but I will post here from time to time.
And yes, I'm still in contact with Bytecoin devs.

Yesterday I met a couple of my old classmates on the street. They asked about Bitcoin and started to whine that most people don't understand the mathematical fundamentals behind Bitcoin and therefore had no realistic chance to invest when it was cheap.

Let's me summarize for you.

1. Scrypt-N ASIC, We have looking for another algorithm already. We have planed to implement it in GPU and CPU miner after we released Stealth Addresses.

2. Multiple PoW, In order to change to the new algorithm, it must be smooth transition as much as possible. We have planed to implement multiple PoW from Scrypt-N to the new algorithm. According to the plan, it will be Scrypt-N -> New Agorithm + Scrypt-N -> New Algorithm.

3. Multipool & Inflation, We still discussing the solutions with team members to find the best way to solve it, but it will do nothing until we released Stealth Address.

4. Stealth Address, It is in progressing.  

Thanks,
bushido

As academic research .. would be nice if each student keep tracking in a database and report what they did with the coins .. could be a nice statistical data sample... just a opinion

The project is also getting local businesses to accept BTC.
Who cares about a (temporary) "spike in price", this exciting experiment is part of the massive long-term uptrend. 

I don't know what will happen, but over the long run it may convince other Universities to do the same, and thus the price will eventually rise as the demand by "higher-ups" increases for experiments such as these. I honestly is anyone's guess, but I think that it may only increase in the long run.

even if all the students cashed out in 1 day on the major exchanges that people use for pricing bitcoin, 1000 coins wont make a dent.. if they cashed out through local bitcoins it definetly wont make a dent. and if they cashed out at different times using localbitcoins, foodler, overstock.com, and many other vendors. it will most definetly not even leave a scratch.

1000 bitcoins is nothing, when you look at the big picture of exchange volume each day. but the potential those 1000 coins can bring to students as part of MIT projects and USING bitcoin. can be astronomical.

you just need to realise that if atleast 20,000 businesses have entered the bitcoin ecosystem before even receiving a bitcoin. then imagine the tools, programs, mobile apps and other usful stuff smart people can come up with while using it.

now with all that said MIT could have saved alot of money by just offering the students coins from the testnet.

students themselves wont be putting their own fiat into bitcoin. the reason: because they're students and cant afford it.

what will happen is you will see alot more apps on itunes and google play that are bitcoin enabled. you will see lots of shopping cart extensions, payroll software and other financial gadgets,widgets and apps. all bitcoin enabled for everyone to use.

well thats the short-medium term things to see.. as for the long term you will see the students graduate and start their own businesses, thus bringing a new-wave of bitcoin related businesses.

.............. or, they will just cash out bitcoin for fiat and buy pizza and beer

Hi Gazza ,
  Butter-Cream is our new Flagship product. It is a hosted bot solution with multiple indicators, (EMA, Bollinger Bands, MACD, RSI, etc.). What's really cool about it is that you can build your own strategy, you don't need to know any programming and pretty much the most novice person could put together a multiple indicator, complex strategy in a few minutes and back test it live.

Butter-Cream will go into closed Beta around the first or second week of May and we plan to deploy it soon afterword :=).

If you have any more questions about it, please just let me know .

Pablo.

Butter-Cream will go into closed Beta around the first or second week of May and we plan to deploy it soon afterword :=).

Hey ,
  You may only have one account associated per email address, but otherwise there will not be a limitation. If this becomes a problem for users I am sure we can find a work around.

Because you will be able to create your own strategies with multiple indicators and have as many as you like on file, the limitation will actually be on how many different strategies (bots) you can have active at any one time so as to keep server resources manageable. But we will allow users to scale up if they want to run more than say a few bots.

Hope that helps .


Pablo.

Last I checked, Iceland was the only place BTC is "banned"/illegal.

The reason Bitcoin is needed is because we need good money.

With dollars you are funding a lot of bad stuff, like wars, invasions, and it is money that you do not control.
With Bitcoins the rules of the game are clearly defined.

It is about freedom to do things better.

Also is depends if you believe if money should be based on debt or not.

Also you are standing to the man and telling him you can do things better not only with words but with action, and I think he is beginning to learn to listen.

Also if we compare to what the US constitution defines as money neither the dollar or bitcoin comply, but at least bitcoin comes closer it terms of compliance.

LOL, which planet?