ill take a stab at it here too... assuming i can afford em id probably buy one to.

  sweetness. thanks.

well yea the drive will be tiny by comparison but system scaling is the point the local critics usually get me on. should have been looking fro pruning - that got me the info i needed. thx

what happens in x years when the block chain is no longer measured in mega/gigabytes but in terabytes? at that point every miner in the world holding on to the entire block chain would have to have some rather impressive data storage ability.

Just thinking about what would happen if the writer of this article was successful. http://bitcoinmedia.com/our-next-adoption-phase/
even a small nation adopting Bitcoin for something as benign as paying for cellphone bills would cause an influx of transaction volume the likes of which would make the 10K transaction/day of June look like a stagnant month. The growth of the chain at that pace would be tremendous, and the record keeping nature of the chain (while in itself valuable as a permanent recipt of transaction) would definatly over run my little miner's 40gb HDD.

I'm guessing that I'm missing some truncating function that I haven't seen mentioned... i hope.

lets take out the accounts.csv leak and apply the recent events to tradehill.

lets say a  tradehill Client/customer account is used by unauthorized person to enact a major market move (either a spike or crash) similar to what we saw today.

What is tradehill going to do in response? Halt trading after X%? Freeze the individual account for suspicious activity? revert all trades like MtGox is doing?

Id throw a coin or 2 in for that. Useful for times when their site is overwhelmed like now.

If he did, he would just burn most of it.   

http://2.bp.blogspot.com/_gcA0ZuKGkI8/TP2sAGcg9EI/AAAAAAAAJX4/q8LCqJilwSA/s400/joker+burning.jpg

it would basically be the same way you negotiate your salary now... just flip the tables.

Currently the employer wants to pay as little as possible, signs you on and continues to pay you $X. the USD is inflationary so the next year while the check says $X your ability to spend says $X(0.97) Im just going to use 3% rate here, feel free to substitute with any other value.

You negotiate toward a raise and the employer negotiates for holding pay steady (read 3% pay cut).

Now flip into a deflationary system. a few options present themselves.

1.) same system reversed - you have salary of $X and want to hold that salary (ready 3% raise) employer wants to cut salary to compensate for deflation $X(0.97). basically base your salary on its buying power not on an amount of currency. take into account changes in cost of living, inflation, etc and you will see what your REAL salary is.

2.) % of revenue - each person would be paid a fluctuating amount that is a direct representation of the revenue of the company. Raises or cuts would probably be int the 10th or 100th of a percent of company/department revenue. I wouldn't expect this to catch on too much but presents an interesting model for sales departments. the better you do the more you (and everyone else) makes. kinda socialist but in small numbers.

yes if your not paying a fee then pooled mining would be just like solo mining without having to wait for the full 50.

it looks like the overall speed hasnt decreased much yet. so seems like most are staying on top of things.

Another point that this helps cure is the 'do not track' law  issues with advertising.

Site owners would not have to track viewer ship to receive revenue for visits. The act of viewing produces the funds.
loving it and sharing it with all of my site author contacts.

I still have several transactions pending.... why the limit on the size. I heard somewhere that the block has a set number of transactions it can hold, which is ok for now but may scale poorly. why leave open transaction slots in the block?

excellent thanks!

any chances on extending the 7 minute average to show a more stable number for us light miners?

ship the guy a crate of 7K carrots?..... I actually think I would like to see that.   

I use square for my tech support business, it works as a good platform / example of how the transaction process might be able to work with a bitcoin wallet app. Either it does not require that you have the card, you can manually key in the CC info as well. Square has no idea what was bought, your CC company won't see the transactions as bitcoin.

But then who is going to email their CC info? I would hope very few unless they were using onetime use cards.

https://squareup.com/ might be an option for accepting credit card payments.... the logistics of actually doing it are a little beyond what my brain is willing to handle at the moment but it presents a path that may be walkable.

yep but since print readers are typically a little slower to jump on something hopefully it will cause a slow gradual rise and not a hard spike and then a corrective drop.

im thinking something lie BBC's Top Gear: The Stig

preferably something less than 45 years.... would be nice to retire from some lucky savings...