I have been following the electric car industry since the early 90s. There have always been people who would build an electric car in their garage or work with others to design the best electric car that they could figure out.

The skeptics always point out the whole thing of not being able to go more than 20 miles on a charge or the amount of time it takes to recharge your car or for those who were saying it was good for the environment they would be shot down by people talking about how most of the US electricity comes from coal.

All true in the early stages. And there are still the same downfalls but the potential is far beyond what it is today. The earliest cars were able to go 20 miles on a single charge. Newer cars are able to go 100 miles on a single charge. If the next generation of electric car takes the same jump you will have electric cars with a range of 500 miles, then over 2,000 miles...

We are in the stage of the 20 mile guy in a garage type of work. I can see 2 to 3 years down the road the big boys needing to start to integrate the use of Bitcoins in a few of their products just to test the waters as the percentage of use grows.

Back when I first heard of Bitcoin about a year ago I downloaded the client and got it running and started mining.

I got an error message soon after and didn't spend any time trying to get it working. Missed out on a year's worth of mining.

lol

How about if I sell for a loss when it hits $14 for the good of the BitCoin community?

Yes...sorry

Yes, another thread about the falling Bitcoin price.

I know the ship has sailed because I have finally put money into Bitcoins and every investment that I finally get around to making is at the end of its hayday.

Back in 2001 I finally bought some dotcom stock so that I could get in on the millions that everyone else had been making for the past few years...I had followed it closely from early on and finally bit the bullet and jumped in. That is when the dotcom bubble burst. I lost all of my investment.

I did see the gold thing skyrocketing back in 2005 so I knew that it would go up. So I dropped $20,000 in when it was $400 per ounce. Then my company, SAIC announced that they were going to IPO in a year and that they were offering employees share purchases up to $20,000. So I waited while gold JUMPED to $425 and sold sold sold...and put all of that money into SAIC's IPO at $42 per share which eventually split and dropped and I eventually got my money out at $18 per share.

Then came housing...I bought a house in 2007 at the height of the housing bubble. Fortunately I bought my house in Texas which was not as expensive as other places, needless to say, I lost money when I sold it 2 years later. I sold that house and bought a house in Florida...needless to say, the Florida market is not doing all that great right now.

I found out about BitCoins about a year ago and tried to get the mining to work on my computer but after it rebooted once it started coming up with errors so I gave up on trying to mine, back when a Bitcoin was worth less than a dollar.

I have always planned on getting some Bitcoins but just never got around to it...until this past week. I finally got money transferred through my Dwolla to MtGox and bought at $16.00 per BitCoin.

Expect BitCoin to now crumble like all of my other investments.

I have also been looking into land in Costa Rica...

There are web sites out there that post freelance jobs and have people bid on those jobs.

The donors could always either create a freelance job or donate to a job already created and then the freelancers can bid on those projects.

The Federal Reserve prints money out of thin air to start wars, encourage terrorism and a drug war that perpetuates a black market drug trade.

Have you dumped your Federal Reserve Notes yet?

I told my family that they should look into Bitcoin, my brother responded with a Guardian article about how some politician wanted to make Bitcoins illegal and that the value went from $35 to $20 when people found out.

Everyone is selling their Bitcoins to prop up the DOW!

Put all of your money into FRNs!!!

Umm...it says it will pay interest on your account but where does it talk about loaning out bitcoins in order to make money to pay that interest?

Why should someone be forced to do anything they do not want to?

It is his choice, fish or die. Leave him to his own choices.

You can like to think that but it would not be true. It is one of the worst and should be abolished.

This is the very reason that I believe bitcoins have no place to go but up.

When bitcoins were much newer they had a few fledgling exchanges. It was mainly just some guy who set up a website and set up a very basic way of trading bitcoins. Hardly anybody used it but it was interesting.

Then the more professional exchanges came out that made it easier to exchange bitcoins for money and vice versa.

Starting out with bitcoins right now takes some thought and a degree of knowledge to get going.

How long before professional companies come along and make it easy to get bitcoins.

Once it is as easy to get bitcoins and use them as it is to set up a PayPal account, many more people will use them.

The fact that there are 6 million or so bitcoins out there at close to $20 each means that there is a $120 million market of consumers out there ready to consume. There are literal millionaires who have bitcoins to spend.

I am fine with jumping through a few hoops to get in before it becomes mainstream and the value jumps even more.

My wife owns a women's clothing boutique. Once I get her website up and running to the point where people can purchase her clothing online I will set it up to accept bitcoins.

I also have a side hobby business where I sell gadgets, I will set that up to accept bitcoins as well.

I have run a few political websites and never worried too much about security because there was no money to be lost and if I was hacked I could just reload an old version and be fine.

I am a software engineer and IT guy so it is not like I do not know anything about computers. But one time my site got hacked and I could not figure out how they were getting in. I removed as many write/execute permissions as I could find, I deleted all files including hidden ones and restored old back ups checking through the latest files for anything suspicious.

I kept getting the same hacker over and over. I actually ended up using his hacker interface as an easier to use interface than my hosting service provided. My passwords were all changed and changed to over the top difficulty passwords. I scanned my own computer to make sure there were no viruses reading my keystrokes.

Either way, in the end I did not have time to fight a battle with some hacker just to put up a few political websites. I ended up finding a new hosting service (my hosting service kicked me out, blaming me for the hacker attack) and setting up some basic pages to cover the domain forwards.

I can see this scenario for a lot of start up bitcoin businesses. You get something running and you think you have everything fairly well secured, write permissions in the right places, difficult passwords, etc. But someone gets in who has a lot more time on their hands for such things than you do. Most people have lives and jobs outside of the websites they create on the side to make some extra coin.

Of course, if it is a full blown out business, then you should be living on your computer making sure that every aspect is covered.

Where are you getting them for $14 a coin?

Bitcoins will not take off until they come up with a way to put a bitcoin in a stripper's G-string.

If bad things happen at MtGox...then people stop using it and move to something more stable. No regulation required here. Move along.

QED

Ben Bernanke heads up a fine organization.

Wow...based upon the spelling I would say that the OP and the spammer are both the same person.

Run run run!