Widespread Bitcoin adoption might force price discovery of fraudulently-inflated asset values in the traditional banking system.

That would look like Bitcoin was causing a global economic meltdown, but it would actually just be exposing what already happened and what couldn't have been hidden forever anyway.

You can have reserves on all the exchanges, that will allow you to execute orders in opposite directions simultaneously... And after that you transfer funds and wait for 3 hours... and then do it again, etc.

You are talking about an ignorance tax.  Educate yourself at that link and you'll see that all you need to do is file the paperwork to show that you don't owe the taxes.

Same problem, immediately upon upgrading from bitcoin-0.8.0rc1-win32 to 0.8.1, on Win7-64.

Chose Cancel. The .sst file referenced did not exist, but no problem creating the .sst file with Cygwin "touch". Deleted the .sst file I had created, restarted Bitcoin-Qt, ran fine the second time, no further mention of .sst files in the debug.log. 2-month old SATA laptop drive with no problems.

I guess this is been discussed many times, but maybe not with this exact focus.

I red some article of some 'economy expert' saying that bitcoin will fail because deflation gives people an incentive to save and store value instead of spending. Without an incentive to spend the economy would generally slow down.
Now, using the word 'economy' like this is an abuse in the sense that economy is not a synonym for "total amount of transactions".

Being born and raised in the country, one thing that puzzles me now that I live in a first world capital, is how pointless consumption became. In order for a business to become successful, it is necessary in the first place that it generates a big amount of transactions. There is no value in something that built with proper quality and will last for long periods of time with little or no maintenance.

Furniture, electronics, clothes, all these went from being medium term investments to almost disposable goods, and indeed this trend is moving forward. The current economical model forces production parties to keep making profit instead of just making profit.
This is fundamentally different.

Basically, deflation would enable people to hold on to whatever value they managed to collect through their work. I think it could lead to a much better sense of what 'need' really means. If the productive machine does add real value ten the currency would deflate naturally, so there wouldn't be much of a problem of people being tight to it as they would be holding more value in their pockets anyway (because of deflation).

Does this makes sense? Does it have any major flaw?

This would force a huge paradigm shift, and obviously established power would offer resistance to change. Hoever, bitcoin is proving that it is possible for the masses to push change from underneath. Can such changes be pushed to the extent of changing the core of world economics?

Yes. MPEx.

Don't tell anyone, but precious metals are in a bubble too....

That's good to hear. I don't hear the same story in many other places.

You're probably running up against their daily limits on the total number of Bitcoins they sell (presumably because they have an algorithm to limit the number of coins in their hot wallet per day to x percent).  However, it's a rolling limit, so if you check back a few hours later it may be lifted.

I'm still not very happy with the number of incidents I'm hearing where they overturn Bitcoin purchases a week later after the price has gone up considerably.  In the meantime, that amount is presumably frozen in your bank account.  I don't think they're trying to pull any kind of intentional scam, but it leaves a very bad taste in new customers mouths, even ones they are not directly affected.  I like the ease with which I was able to add a checking account to Coinbase, but I'll probably be using another exchange in the future (trying to move away from MTGOX).  Perhaps Bitstamp, who has by far the cleanest-designed site of any exchange I've seen in 2+ years of buying Bitcoins.  I used them to fund my Ripple account in BTC and then buy a few Ripple and have been very impressed (disclaimer: I haven't actually used them for any BTC trades yet, so do your due diligence).

As long as everyone of us is happy to have some of those (100$ notes).

As long as our bosses give us a couple of those at the end of the month.

As long as we can buy booze and hookers with it.

All of those we can't with Bitcoins.

Therefore: All we do with Bitcoins is go to MtGox and change into $$$ to do the above.

Thanks for your response.

Now my the question i wrote BTCJam about is what protection does BTCJam offer to lenders that have fallen prey to a borrower that has not paid back :-/ We will see what happens.

the number of bitcoins yes, not the number of bitcoin-denominated money supply.

let say the cap is 1 bitcoin, and the coin belongs to A. then A decides to lend it to B and so on until it's in the hands of E:

A->B->C->D->E

person E holds 1 bitcoin (can be used as money)
A, B, C & D each hold a note that says "IOU 1 bitcoin" which can also be used as money.[1]

total bitcoins: 1
total bitcoin economy: 5 btc

the fact that B, C, D & E also have debt is irrelevant. if i am $1 in debt and have $1 in my pocket my net worth may be $0, but i can still physically spend that $1 wherever i want. both the debt and the dollar are part of the total economy.

[1] https://bitcointalk.org/index.php?topic=74926