Where in Europe? When?
Would the person have to pay anything from his/her pocket?

Weird that your use of the computer gets affected... normally the generating thread runs with low priority, so everything else gets ahead of it.

Now, about generating with your CPU, forget about it. Difficulty is way too high. You need GPUs to generate.

That's just due to stupid mercantilist believes of governments worldwide. When the dollar devaluates, they devaluate their own currencies in order to subsidize their exporters (at the expense of the rest of the society, but don't expect them to understand/care).

But what grondilu said is only applicable to national currencies like government currencies, which have their own market. USD doesn't impact EUR because mostly they are not used by the same people. An international alternative to bitcoins might take part of its share if it's really better than bitcoins. Simple clones wouldn't.

MtGox is the most liquid exchange market, but it's not the only one. Check bitcoincharts.com for some more.

The number of people aware of bitcoins and interesting in buying them has not such a strong link with the amount of goods and services offered on BTC.

There's more to the explanation of the tulip mania.
People used gold and silver at the time as money. There was a huge inflation of these metals in Europe after Spanish invasion of South America. Basically they've stolen a lot and all ended up on the dutch banks. The reasons why it ended up there to be used as credit are explained in the article, I think.

In the end, it is yet another application of the austrian theory of business cycles. It's just a peculiar one because inflation came out of massive theft of precious metals instead of money printing.

Sure it's a memory leak? Could be a sort of garbage collection, just like the JVM.

There's no such a thing as "public good". By good I mean "property". There's no "public property". To own something you have to be able to make decisions about this something. An entity that's not capable of making decisions can't own anything.

The "public", as any other abstract collective determined by arbitrary definitions, can't make any decision.

Only individuals and organizations can make decisions. And organizations can only make them indirectly, by the inner rules that make them be. Such rules delegates each decision to a rational individual that decides for the organization.

So, the government, yes, it can possess stuff and make decisions for them. The "public" can't, as that's not an organization or rational entity.
And I used the work "possess" to make a distinction, since governments can't rightfully own anything, since everything they have was either stolen or produced with stolen resources. They control stuff by force only.

http://www.youtube.com/watch?v=EfQdw2K59x4



The larger video from which this small one was extracted is really good too, if you have some time I recommend.

I'd be more general than that and say that there is no way a currency can, all at once

• be issuable by anyone (decentralized issuing)
• be easy/cheap to issue
• have limited inflation

You can at most pick two. Both bitcoins and precious metals for ex. satisfy first and third criteria, but they are hard to obtain. A centralized electronic currency would satisfy the second and third, but not the first.
I don't think it's "mathematically provable", but it's probably "praxeologically provable", what's practically the same thing since math and praxeology, despite their (great) differences, follow the same scientific method.

Me too.

Hello,

Some guy I don't know sent me this video on youtube: http://www.youtube.com/watch?v=U4-D0AVVPKw

It basically talks about how this barter network progressed after the meltdown in 2008. But what called my attention is the last part of it, where the news anchor says that The Barter Network provides legal advice, and even IRS forms, for those willing to work with bartering.

Somebody interested in running a legal bitcoin business in US may try to contact them. As bitcoin is not official money, I suppose the same laws that applies to bartering applies to bitcoins.

If you happen to do it, consider compiling a basic "instruction-guide" for others to follow and post here in the forum.

I suppose this number is calculated using a recent "blocks per hour" count and the current difficulty. As block generation is not very homogeneous itself, it's normal that this global hashrate estimate varies with it.

I've heard in this forum that it's pegged to the dollar.

Change "stop the fed" by "stop inflation" and you may expand your businness internationally.

Great idea, by the way.

It's not just the main page, the software GUI too.
Both could really use some designer's work.
I can't do more than complaining, though 

Wouldn't that make them even more vulnerable to US government stupid laws?
While they keep with LR they are vulnerable "only" to Costa Rica government and whichever government controls the data center where they are hosted.

I mean, if LR is doing chargebacks just like paypal, then I get the point. I haven't read everything you just posted, but it's not quite that yet, right? They are "just" locking accounts under investigation by US authorities, right?

Summarizing, why would bank wires be any safer than LR?

There is RSS for this forum already: http://bitcointalk.org/index.php?type=rss;action=.xml

Yeah, probably.


Sure, but that's already a sort of credit system. You'd have the same tricky aspects to implement it. Why not use a general purpose money instead of a exclusive thing?
Like, those that just want to consume bandwidth instead of giving it could pay with something else, and those willing to provide more bandwidth than consuming would be able to exchange this excess for something else too. It's better this way.


hehe, I don't like the idea of paying for anything, I always prefer "free stuff", but you know, there's no such thing as free lunch.

But think, you would pay and be payed at the same time. The balance it's a matter of how much bandwidth you contribute and how much you consume.

There is no single point of donation, but still, monetary rewards would really create stronger incentives for people to make their bandwidth available. And I think it's feasible with bitcoins.