It sounds like a good idea.  Where is somebody that's going to explain why it's not feasible, practical, safe, whatever?

That's exactly what I'm looking for but I got lost on 'nonces' and what data it's being added to to change the hash value and why.  Moving right a long though to way over simply is this the problem that's being solved:

1.) There is some existing data based on all passed transactions.

2.) Everyone collectively in the network is taking that existing data, adding a nonce to it and creating a hash - completely at random.

3.) They're looking for the hash that starts with X 0's that's created by a set of existing data plus a random nonce.  I can't tell what the character combination is exactly but looks like upper case, lower case and numbers - 62 combinations?  This means that each difficulty step can be accomplished by adding more leading 0's.  Each success leading zero is an exponential (or is it logarithmic?) step up in difficulty because it becomes 0 - 62 possible combinations 00 - 62 * 62 possible combinations 000 - 62 * 62 * 62 possible combinations and so on.

Is that right?

I know how the mining works in theory.  I was curious about exactly what problems they're being asked to solve.  But now I see what you mean.  While the 2nd half of batching the transactions into larger amounts might work in theory the first part wouldn't because the small transactions from the end user to the middle man wouldn't get processed for being too small...   Is this what you mean?

How can I also use some Nvidia GPUs?

OK clearly some creative solutions might be needed in the interim, that's granted.  But, when and if Bitcoin achieves a really wide level of adoption - let's say a Facebook level - and of course the effects of Moore's law - what if the client was re-writen to require everybody that's running it to do a little mining?  I'm not a mathematician but I bet there is one on the forum that can tell if this is viable...  Let's just say Bitcoin has a billion users and each and every one of them dedicates 10-20% of their CPU power for a couple of hours per day - would that be enough to support the network?

Why not batch them just like credit card transactions?  You get a middle that's willing to deal in hundreds of thousands of tiny transactions and then process them as larger transactions every X time period.  Granted you have the risk the transactions won't go through but that exists outside the bitcoin world too.  Maybe to make these small batched transactions users need something like a verified address to engage in such transactions.

I keep seeing over and over that "to mine bitcoins your computer has to solve mathematical puzzels".  OK that's a little vague.  Where can I learn more about what exactly is required to generate a block and how the difficulty changes?  I wouldn't understand the code itself but a technical paper with some diagrams would be interesting.

OS it's a typo.  Why can't I just use SuSE?

How and where do I register exactly?

Seems a little late for that market.

I don't have the option to change the US right now...

Looking at a recent chart it looks to me like Cyprus is responsible for the move from ~$47.50 - $70+

I agree that Krugman is a complete and total idiot and/or a fraud and that Bitcoin has little to fear from deflation.  The infinite divisibility helps to mitigate the upper limit of bit coins which will really never actually be reached but will just become smaller and smaller - the pay out gets halved over and over till infinity right?

Anyway if it stops or just becomes very small no matter.

One thing I disagree with though is the guy that said if deflation is -8% and people want a 5% return they'll just loan at -3% - this is impossible.  Interest must be positive otherwise why would someone make a loan which involves so element of risk to earn less than sitting and doing nothing which involves no risk?  I believe in this environment interest would need to be positive but it could be very slow.  If Bitcoins are forever becoming more valuable then very low rates of interest could pay off big.

Either way I think it's a totally false statement promoted by the powers that be that have something to gain by the status that deflation is so disastrous. 

Anybody got a how to for mining on SuSE linux with Intel CPUs and Nvidia graphics cards? I found a couple but they didn't work.   I hit a brick wall when installing opencl/pyopencl.  Wouldn't compile and the zypper package I found didn't work either.

Any help greatly appreciated.

The website is down where I can find info about this?

I feel like I've been logged in for way more than four hours (more like 6) and I have made a lot more than 5 posts.  What do I have to do to post?

Agreed

It doesn't work if nobody is mining.  The transactions will not be confirmed and no coins will move.

Now we're talking.  That sounds quite cool.  And the backups out of blockchain.info are easily imported to any other client including the standard bitcoin-qt?

Are there any drawbacks to blcokchain.info and electrum and multibit for that matter?

How do we know that blackchain.info isn't a giant trojan that's collecting passphrases and waiting for the right moment when they have millions of dollars worth stored there to abscond with?  I know it may be a ridiculous question but in matters like these I think skepticism is healthy.

So I'm still curious what happens if I do not do it.  Besides the hidden address issue.  What if I just make a bunch of spend transactions and I haven't backedup?

Thanks.