got mine too 28 hours later..

I'm in the same boat... 2 withdrawals today. 3 hours apart. The first one went through and the second one hasn't hit the chain yet. It's been 9 hours.

I might reduce my mining power but for as long as I take part in the the bitcoin community / economy I'll at least keep one miner active. I ran SETI@Home for  a long time and got nothing for it. No reason not to run a bitcoin miner if I believe in bitcoin.

"debating how low the price can fall before the currency is declared dead"

Bitcoin can still be use for payment regardless of its value. The only thing that will happen if the price gets really low is we'll lose some people who were in it for a quick buck. Whether the value is $30 or $0.30, I can still buy some and spend some. As long as people own some and there's a reason to move them around, bitcoin will live on.

I just wish it was easier to find stuff you actually want to spend them on.

Silk road is site where you can buy drugs with bitcoin.

Here's my stance on Hoarding...

For bitcoin to have any value, you have to be able to spend them. If everyone is hoarding, no one is earning coins through the sale of goods and services. If merchants aren't making enough to justify using bitcoins then why would other merchants get on board? And with less merchants means less ways of spending your coins.. You don't make stupid business decisions on purpose normally so if people know there's no point, then they wont bother. If they don't bother then bitcoin goes nowhere, existing merchants will eventually get out since they're just wasting their time and bitcoin wont go anywhere.

People hoard because they want to make money. To make money, the value has to go up. If there's no reason to buy them then they wont be sold and the price wont go up.

Bitcoins can't keep on raising in value simply because everyone wants to make a quick buck... Not quite sure how anyone could get the idea that it'll just keep on going up just because "we want it to"?

and tweet / share about it to promote bitcoin and the merchant where you spent the coins..

I got that earlier too.. I thought they took it down but it came back shortly after that. Check again in a bit.

This petition is in response to the Ron Paul Subcommittee to Explore Restoring Sound Money

Includes video Dr. Lawrence H. White (Professor of Economics, George Mason University) making his case to Ron Paul. Between min 20 and 21 he mentions Bitcoins

http://www.ronpaul.com/2011-09-13/ron-paul-subcommittee-to-explore-restoring-sound-money-september-13-at-200-pm-et/

Look up openmedia in Canada.. They had an online petition which made the CRTC (Canadian Radio-Television and Telecommunications Commission) push back against Bell's wish to make its wholesale resellers (smaller ISPs) apply the same ridiculous caps on their customers. Petitions work, as long as enough people join in.

This one asks for 5000 votes. That's not much.. The open media petition got half a million signatures.

You don't really need it but having their blessing would go a long way... And if it was to go the other way and bitcoin was outlawed, it wouldn't stop bitcoin but it definitely wouldn't help it.. Most people would shy away because they don't want to get in trouble with the man.

Hi Everyone,

I think the best way to grow bitcoin is to have people borderline brag about it every time they buy something and pay with bitcoins. For this reason I made a site to help this happen.

Paidwithbitcoin.com serves to promote bitcoin, merchants who accept bitcoin and the community. The site encourages you to tweet that you paid with bitcoin and where you spent them (hopefully places that shine a positive light on bitcoin). I'm introducing a new hashtag for this purpose, #paidwithbitcoin. I'll be releasing a widget for other websites / web store owners who want to promote bitcoin in the same way and promote their website in the process.

I'm also adding all the news articles I can find that talk about bitcoin directly. Users can up-vote and down-vote articles based on accuracy so the "top news" will be selected by users. Users can also search for articles posted on certain dates and filter by site. I'm going to add a article submission box so you guys can suggest articles that aren't on the site.

http://www.paidwithbitcoin.com

Any feedback would be appreciated..

Thanks!

There's pretty much no way you could verify user uniqueness without involving some more official channels..

IPs, emails, bitcoin addresses, forum users, cookies, sessions, system hash, etc etc can all be generated unlimited for free or faked.

Anonymity definitely has its downsides when it comes to enforcing security.

Sorry to hear it didn't work out.

If one thing, this thread has given me some hope. Not because of your failure but because of how much positive response there was to it. How many serious threads have you seen lately where the replies outweighs the trolling? Even more, understand and empathetic replies with valid feedback.

And with regards to your site, there's so many things to take into consideration. The hoarding might not help things but cards are a small market, bitcoin is a small market, repeat buyers who will keep you afloat by themselves is probably even smaller. The more precise you get within an already relatively small market, the smaller your share of it will be. I don't see how it would have even been possible for that store to be a success based on how specific it it is, unless you had access to some really rare stuff, had competitive prices within that limited market, were able to advertise to a broad enough audience and stay open long enough for the word to get around...

Every failure is a lesson which will get you closer to success. You don't just "succeed". You learn to succeed. Every failure is just a sign that you're getting closer, as long as you're willing to learn from it and accept some criticism.

I hope for you that you're able to take a step back, look at the big picture and extract what you needed to learn from this. Leave the bitterness behind and translate that to enthusiasm thinking that next time around, you'll do X and Y differently and can't wait to see what the results will be, hopefully better than the first and lead to an even more successful third attempt.

I'm currently working on a site to help promote bitcoin and merchants that accept coins. Hopefully it wont be a total failure but regardless of how much it cost me and how much dev time I spend on it, I'm learning while doing it and knowledge is priceless.

kokjo, its pretty obvious that you're just trolling for attention. It does say "You are WRONG! " in your profile. Pretty much reflects how you're going about this conversation. You're acting like a child who doesn't give a crap about anything and anyone. Great way to be, really....

Full disclosure without giving the dev a reasonable amount of time to fix the issue is wrong. If there is a bug that no one has exploited yet and you tell the dev, they fix it, no one got screwed then you either make the dev publicly inform everyone, or if they refuse you do it for them... By then, no one has time to fuck the whole site and all the members included. You're not just harming the site. You're harming all the members, the bitcoin community. Its not like every member is listening to you waiting for you to say when something has a problem so they can bail. Lots of people stand to lose when you do that kind of shit.

With bitcoin being the way it is, anyone can start a service or exchange. There is no authority to certify the security of these sites. When one of them fucks up and lots of people lose, it screws with bitcoin as a whole. People lose faith. There's absolutely nothing positive behind what you're doing. Its not even positive for you if you have anything to do with bitcoin unless all you do is troll the forums.

Believe what you will. It doesn't make it right and it doesn't make your intentions honorable either.

cavirtex.com which lets you do direct transfer to your account or tradehill. With tradehill you can play on a bigger market and to withdraw canadian currency you can deal with paxum and get a cheque or do a wire transfer or order one of their cards.

I think the point is, if you understand bitcoin and understand how to setup a service like this, backing up the bitcoin wallet would be the least of their concern... There's simply no excuse and believing that it could actually be true is an insult to these people's intelligence.

Not that I want to give them too much credit, its still hard to believe someone would't have at least a couple backups..

Not sure if it was humour or not but claiming that anything not US grown sucks is pure BS... Half the shit in the US is outsourced...

And with regards to the original topic, I signed up last night and it went pretty smooth. The only thing I had to look around for is swift codes and routing number formats since its presented differently than what i'm used to but then again, I don't do lots of international transfers. I also confirmed my account by taking pics of my ID and power bill with my iPhone.. No hassle. Not sure if I got in easy but if not, you must be doing an awful job with that ID.

I've seen many comments on here where people assume that bitcoin mining should have a positive effect on AMD's sales since miners are buying out all their stock. We are just a fraction of their market but here's some news:


http://www.engadget.com/2011/07/21/amd-earnings-continue-to-drop-despite-record-cpu-sales-gpu-busi/


Hopefully this turns around. I'm sure AMD isn't going anywhere but this is certainly not great news for them either.