single digits? Nah I don't think so. It's going to maybe 20 or 30 $ but hardly below but we'll see. I cashed out a while back so I can watch this very relaxed. It was bound to happen and it's good for Bitcoin that it happened. Bitcoin will climb again eventually.

Long-term I still don't believe in Bitcoins and think another crypto currency will eventually surpass Bitcoins.

How can I manually start a payout on slush?

Thanks for the links and the repsonses.

Increasing the blocksize limit is a possible short- to midterm solution and it's increasingly discussed so this might be undertaken in the near future. I imagine a blocksize of 10 MB is possible thus increasing the limit to 70tr/s. This is already quite impressive and should be enough for a couple of years.

But:

Bigger blocksize does not only increase the storage requirements but also the time other miners verify a block and thus the risk of producing an orphan block. I've not yet heard of a solution how this might be circumvented.

I think the longterm solution IF Bitcoin becomes a transaction currency instead of a speculation object is more off-blockchain transactions. How to make those secure and reliably integrated in the main blockchain will be a challenge.

And in what way should that be possible?
Please give concrete suggestions.

edit: I've logged just 7 hours so far reading this forum so it's likely I haven't seen the posts in which it is explained how you can make Bitcoin scale to 1000+ transactions/s, so please be a bit patient with me if I don't know the suggested ideas already.

I think you can wait a long time. The Euro and other fiat currencies are not dead and won't collapse soon.

I'm form Germany.
I think this cyprus discussion is really overblown. The only reasons it's getting media attention is because Cyprus is part of the Euro.
I think there are many parallels to Iceland which was already mentioned in this thread and finally after some bickering it'll be solved the same way: let the banks go bankrupt and let the greedy investors pay.
In no way does this Cyprus thing show the weakness of the Euro or other fiat currencies it just shows that unsustainable business will fail eventually.

I've logged 6hours and made 5 posts. Do I still need approval to be unnewbied?
edit: Well now it shows Jr. Member so I'm probably free to spam now. 

Free electricity? That sounds good. You should find some FPGAs on ebay I think.

I want to get rid of the newbie restrictions so just making a post here. ;-)

The way I understand it this could be the case. However by definition the longer chain wins and it is unlikely both forks would grow with the same speed. Eventually one chain would grow faster and that would set an incentive to all the users on the remaining chain to jump ship. You could however start a "private" bitcoin chain with different rules and use it with whoever wants to use it for you. Note: You won't be able to transfer coins which you don't own on the "private" chain though (that would require breaking the 256bit hash).

I find the 5 post restriction more annoying than the 4 hour one because it creates the necessity to post irrelevant stuff like this one. 4 hour of reading this forum however is a worthwhile undertaking.

Hi,

a new bitcoin fanboy wants to post in the regular boards so I thought I introduce myself here. ;-)
To add at least some content: I think Bitcoin is an interesting experiment and an exciting one as well. It is by no means the demise of fiat currency or a replacement of it (yet).