Yifu Guo is the greatest American Hero.

A great reward for the first few out there but that return will drop once that single machine is multiplied by hundreds/thousands.

Awesome stuff though.

I had someone purchase a pair of boots from me on BitMit when the price was $14/BTC.

I failed to mention in my ad that these particular boots usually take about 3 weeks to arrive (on e-bay I can list the estimated shipping and processing time).

Of course this person was not pleased when the boots did not arrive after a week or so and the price had jumped so high.

As I failed to mention the long wait time in the ad I have told him that he will be re-imbursed the difference in price between when he made the purchase and when he receives the boots.

Though on the other end, I recall a friend who went to another country for vacation where there was high inflation. They would charge extra for credit card purchases because by the time the card company paid them, the value would be down by too much.


I did read an article stating that when different currencies are exchanged, people tend to want to keep the more valueable and will give away the less valueable currency. Like getting dollars and giving local currency as change. If the choice is between giving away dollars or bitcoins, giving away dollars will be the likely result.

Would there be any demand for a bitcoin splitting service?

By a splitting service I mean, you send X amount to one address and it gets split to different percentages to W Y and Z.

An example use I can think of is a small business owner who has a weekly budget with a few employees in one division or set of employees, they send
the weekly payment to a single address and each person gets their set percentage. Like a bar owner pays 20BTC to the waitresses each week. They have 5 waitresses, 2 get paid 25% each, 2 get paid 20% each, 1 gets paid 10%, the owner sends 20BTC to the "waitress address" and each waitress gets her allotted payment.

Arggh...posted a long post and lost it.

Basically it would mainly be up to the title agency (lawyer)/government representative. They would have to verify the purchase.

Foreign purchase would be helped by not needing to convert your currency and get a paper check.

The question is...how much would Bitcoin turn that evil government to good?

I second the suggestion of calling a denomination of Bitcoin a scat.

We have discussed the fractions many times, I believe consensus has been fairly reached in different polls.

My wife's store used to give a 5% discount for cash.

We looked up our CC agreements and it said we could not charge extra for using cards.

American Express charges the most, if we could have charged more for Amex we would have.

People were usually willing to pull out cash when we told them about the discount.

I memorize each letter and number and associate it with something I can remember.

taking a few numbers from my private address: 8Sp57A

that subset I remember that when I was 8 years old I broke my arm, the 'S' I think about Superman, the 'p' stands for taking a piss, 57 for 57 Chevy that my dad rebuilt, the A is for Al's restaurant on Happy Days...

just a simple way of remembering it all no problem

Good overview. The bigger Bitcoin grows, the more people will know only a sliver of what it has to offer.

I hid the following in the blockchain:

80085


you are all transporting porn now

Bitfloor allows for ING P2P as well as direct deposit into several major banks.

I guess I do not think of it as e-money, just as money. So e-cash is just as odd to me.

I started working on a system where your login is tied to a Bitcoin address for verification.

You provide an empty address and you are not authenticated until there are BTC in the address.

It still requires a login and password. I could not figure out a good way to use BTC for that.

There are other ways to get dollars for Bitcoins.

Why all the fuss over one exchange to get your cash?

With the large amount of Chinese characters are Bitcoin addresses a lot shorter or do they just write them using our letters and numbers?

$31.5

As much as I know about Bitcoin I would have never gotten that answer.

For the amount of spaces they had I would have guessed MONEY

I have been tatooing the blockchain on my ass so if we ever get hit by an EMP we're good. Just find me and I'll let you know how many BTC you have.

The last time the price was in this range it would go haywire whenever the price hit $20.

Stable stable stable...$20...rollercoaster ride...stable stable stable...$20...insanity