If, people were content to work solely within the currency they wouldn't even see a problem. The problem came from people wanting to exchange one currency for another. Nothing about bitcoin implies simple, safe exchanging between currencies.

Wait! Isn't it "In HAL We Trust"?

why the need for VMware? if you have an Ubuntu machine to dedicate to being a server could you install without VMware?

I've seen several people say that iff the miners stopped we would no longer be able to use bitcoin because there would be no new blocks. This can not be right. eventually there will be no more mining when we reach the cap. The ability to do transactions can not be miner dependant or this is already a lost game.

can someone explain this?

that would be great, except, people come here to learn about Bitcoins. I suspect that most, especially in the newbie section have no bitcoins yet. I know i don't.

it was market manipulation, plain and simple. see the thread in the newbie section.

hmmm, sounds like somebodys figured out how to play the system. the solution is to think long term and ignore the short term.

basically, loaning BTCs won't be feasable until someone comes up with a way to force repayment. Since everything is pretty much anonymous, there is no way to insure collection. How do you break a guy's legs when you don't know where in the world he is?

or participate in several threads.

USB stick is no more fragile than a SSD.

What i see as a problem for merchant trying to use bitcoin is pricing. how can you realistically price your merchandise when the Value of BTC changes drasticly daily? currently it seems that all it is good for  is speculators and miners. To be usable a currancy needs a relatively stable value.

Hey, I'm Trong Trongersoll.

I'm a retired software engineer. When i find things that interest me i jump in with both feet. Currently BitCoin is interesting. I'd like to play with some mining using old equipment i have laying around. Sadly, it would have to be CPU mining and everyone says "don't bother". i may try it anyway.

cool. i'm waiting on a USB drive from Amazon with which to make a wallet. I will probably be a few days yet.

can newbies enter in the lottery more than one day? assuming that it is a daily lottery.

if you are independantly wealthy, hire a Software and/or Hardware engineer. Have them design an ASIC for you and the associated hardware. Hire a foundery to produce the chips and a fab shop to make the circuit cards. and then you have an unlimited supply, at which you'll probably want to start selling what you have had created.

you are in the wrong place, souls are bought and sold at soulXchange. google it to the correct url.

there are a number of posts on building GPU based miners in the mining section. FPGAs have the same problem as ASICs.

The thing is with cost of equipment to mine growing rapidly, most feel that buying on speculation is more profitable than mining.. basically it sounds like the days of indiviuals mining will soon pass and it will be left to those willing to make large cash investments.

You can, but... you need specialized hardware and software to program and ASIC. then you need to design a circuit board to support the ASIC chip.

I doubt that there is anything illegal relative to the US as long as you keep detailed accounting records and pay taxes on any gains.

Anything is only worth what the buyer is willing to pay for it. I you are a gold miner, you are bring new gold out of the ground. if a lot of new gold is introduced at once and the miners are determined to sell now because they need to eat, they will offer their gold for less than the other guy. If you look at the charts for Stock symbol GLD, you will see that the price of gold has dropped recently.

It is the Same with Bitcoins. they are only worth what someone is willing to pay for them. Whether or not you get your price is partly dependant on how much of a hurry you are in to sell them, and if someone else is willing to sell for less than you.