updated price and qty

My OTC rating: http://bitcoin-otc.com/viewratingdetail.php?nick=alexmat&sign=ANY&type=RECV

I would prefer payment first unless you have a good OTC or forum track record.

Let's start with the first bitcoin. Suppose the bitcoin economy is worth 10 dollars and there is one coin in existence. That coin then has an inferred value of $10. Now let's say we want to verify that this coin is legitimate in an anonymous fashion. In order to do that we need to do some difficult calculations to ensure the coin is authentic. In order to finance this we create another bitcoin and give it to the person who does the work to solve the verification calculation. Now there are 2 bitcoins, but the economy is still worth $10 at the moment, so now the two bitcoins are each worth $5. Instead of paying directly for the service of verification, we paid indirectly through inflation.

So to answer your question, the money comes from the value of existing bitcoins, which are worth slightly less as we inflate (if we don't factor in btc exchange rate for a moment), but it is a situation that is well known ahead of time and accepted as part of the cost of owning bitcoins. When this process ends and there is no more inflation, transaction fees will pay for the verification since it is assumed that by then transaction fees will make up a bulk of the profits for miners anyway.

Great! Make sure you take a look at this: http://code.google.com/apis/accounts/docs/OpenID.html#settingup

And when you launch, I'll be the first in line to check it out.

Godspeed!

This is how every Bitcoin service provider or exchange should work:

https://exchange.bitparking.com/U/signup/.2Fmain


Providers need to allow openid authentication. For the paranoid among us, we can run our own openid auth servers. For the lazy.. er practical, there is Google OpenID with 2 factor authentication which rivals anything most online banks provide: http://googleblog.blogspot.com/2011/02/advanced-sign-in-security-for-your.html

I will give any company providing me the option to handle my own security through openid priority from now on, and I hope the community can see the wisdom in this and follows suit.

Just signed up and put in an order.

Thanks!

Works like 11.4 for me too. No difference.

Selling a 5970, great condition. Prefer BTC.

Thanks   The case is an "Eve Scythe" cheap Japanese case I picked up in Akiba. Took a dremel to it and maximized airflow for the stock components. Then just did a bare minimum build to get the cards mining.

Here's the fun part: I live in a small place so noise is a big issue. I found a nice little crawlspace that is exposed to a bit of outside air and has a built in air duct. Here is the result: http://www.youtube.com/watch?v=9rELnaTk_g0

Don't try this at home, haha. Temps are below 90 for now, we'll see what happens in the summer. I found the key is not so much pumping in cold air as it is pumping out the hot air, so the air duct is a godsend. But now my roommate complains the bathroom has become warmer and smells a bit shittier...  

Experimenting with big things in small spaces... and taking out large fire insurance polices 

2x5970

poclbm: 5870 @ 900/900 => 344Mh/s
phoenix: 5870 @ 900/300 => 375Mh/s

Very nice 

If anyone is interested in exchanging yen for btc or vice versa, I can meet up around the Tokyo area. Send me a pm or email at alexmat [at] gmail.com

Cheers! 

If you contacted me through private message, I've responded the same way.

Signups are now closed.

If you participated and have a bitcoin-otc account, please submit a rating for "alexmat".

Thanks again!

Status: 0/unconfirmed, broadcast through 5 nodes
Date: 4/16/2011 08:21
To: 18gJrUM7jQrJVeg9YpkBu23qpvqrc28Zco
Debit: -1.00

Status: 0/unconfirmed, broadcast through 7 nodes
Date: 4/16/2011 08:18
To: 18g8sCT1hBeacw243Vqrir1odAovE1xegL
Debit: -1.00

4 slots left if anyone else is interested.

It's a electronic certificate, so you will receive it right away from me on payment.

40BTC or best offer

TERMS AND CONDITIONS:
One Certificate per rental. Minimum Purchase of $40. If you have questions regarding making a reservation, please call 1-866-304-7681 to speak with an Enterprise Preferred Reservations representative. Applicable at all North American locations and participating locations in the UK. Certificate amount applies to standard rates only. Certificates may not be used with corporate rates, travel agency rates or any other rates except those provided by the above referenced toll-free number. Certificates may not be used with any promotional offers or discounted rates. Taxes, tax reimbursement and local airport fees, surcharges and optional services such as refueling, upgrades to a higher car classes, extra-day and drop charges, additional driver fee, LDW and options insurance like PAE, PAI, PEC, SLI or LIS are the responsibility of the customer. Certificates are non-transferable. No minimum or maximum rental days. No black out dates apply. All rentals are subject to vehicle availability. Normal rental qualifications and restrictions apply. Vehicles must be returned to renting location except where inter-city and intra-city drop-offs are permitted by participant. Certificates are redeemable for $40 and have no cash value. No credit will be issued for unused portions of the Reward. Certificates must be surrendered at the time of rental and reproduction or photocopies will not be allowed. Certificates will no longer be valid and may not be redeemed after expiration of the certificate's Valid Date. Enterprise employees, call 1-866-304-7682 with billing questions. Certificate must be presented at the time of rental pickup to receive credit.

Cheers!

Status: 0/unconfirmed, broadcast through 7 nodes
Date: 4/11/2011 22:42
To: 1JTgRgkTgP22s1RrLcLq9GcdFnP6cFFz4P
Debit: -1.00

@gamekingx Great! Thanks and enjoy:

Status: 0/unconfirmed, broadcast through 2 nodes
Date: 4/11/2011 21:56
To: 1N2DwcMuqsfBjeTnJByFeKfVe1kBkTaZ2V
Debit: -1.00

@CryptikEnigma yep, got 4 more open, then I'm out for good

@Reto Thanks!

Status: 268 confirmations
Date: 4/10/2011 04:43
To: 1NEzvDYSuFB7zGJk6TCWrB5NqxGivSgC4F
Debit: -1.00


@gamekingx Please install the desktop client to complete the process. You're almost there.