.01 cents would mean it would only cost about $750 to buy up all the bitcoins that have so far been issued - sounds far fetched.

Even .01 dollars  would mean it's only $75000 to buy them all up, so I suspect that there are more than enough bitcoin 'enthusiasts' to snap them up before that level.


edit: by the way.. do you, or have you ever worked for verizon?

come now - scam is a bit strong..   I'd describe it as a rickety patchwork of a system peddled by an incompetent egotistical leech who makes 'very misleading' statements.  There is a slight possibility that he actually believes his own marketing.

What's the joke? Is there a car reference I'm missing?

" people must see it being used and think it is easy to use"
..and that in a nutshell is bitcoin's biggest (but not only) hurdle I think.

I'm probably going to be more sporadic in my bitcoin press hits updates.
It's better that this thread is newshounded by many anyway - I seem to have taken it over a bit lately.

Overall a reasonable post - but the quote above strikes me as odd. 'Trust' in Nakamoto is decidedly unnecessary because it's an open sourced system which is maintained/reviewed by many.

I'm not going to get deeply involved in this chat - as we're now pretty off-topic, but
The marketplace you suggest effectively peddles a lie on the unsuspecting child.  The lie is that they are receiving an education that is roughly equivalent to their peers on a national or global level.
Let them send their kids to whatever extra-curricular classes tickle their fancy - but you can't expect a madrassa or fundamentalist christian school to give a proper treatment of modern science *yet the 'customers' (ignorant parents & naive kids) are often unaware of this*.

The theories and ideas which are in the curriculum have already won on competitive merit in the scientific peer-review process.
Regardless of what baloney people want to teach their kids on the sidelines - they shouldn't be able to pretend that their local preaching institution is giving an equivalent and relevant education.

hmm.. he's back. And thankfully it doesn't drag on for an hour ( 36 minutes)

http://onlyonetv.com/2011/10/the-bitcoin-show-episode-048-dan-oconnor-running-for-us-congress/

edit: I'm not even 30 minutes in - and already it feels like an hour.

Ouch.. this politician he's interviewing wants to let parents and teachers have more of a say in the curriculum in schools "rather than applying some sort of universal standard"   
-  "No universal standards"  he says.

Hmm, so science class could be creation 'science' if the parents and teachers in some school decide so?  greeeat.

Probably because like government currency issuers, they want to exercise control over who uses the currency and how they use it.
I don't think the ramifications of true decentralization and personal control over money have been fully appreciated by these folk.

yeah well..  I'm not entirely sure he could 'ruin' bitcoin.. but bringing that crowd in could probably make it even more unpleasant while we're on the way to wherever it is we're going, and maybe even stretch out the timeline a bit.

(isn't *1* bitrebel more than enough??)

Another artist throws a bitcoin reference into the lyrics :  

Ultraklystron - Tap That Deck
http://www.youtube.com/watch?v=eLBJiZGwIzo

This is the obvious reference, but I'm guessing at least that whole verse is about bitcoin.
"i'll pay no mind, til they match my hash rate"  


Well.. maybe this is a new bitcoin success indicator - how many songs reference it??  

What a disaster.

Immanuel, despite other's concerns, you're steaming ahead with this train wreck of an idea?!

Please.. we don't need more users, we need more merchants first.  You're inviting the sort of users who scare off merchants.

I'm going to stop updating the press hits thread now I think.  It's probably better that a larger variety of people update it anyway - but really I dread the sort of PR that an association with Alex Jones types may bring.

Perhaps one of us should let slip the fact that bitcoin mining is actually calculating secret new world order stuff; scaring the Alex Jones army off with their own sort of silliness might be the only option

Not sure if you were being sarcastic..(?)
In case you're unaware.. look up bitbills and casascius coins for some genuine bitcoins in physical form.
(can be destructively opened to reveal private key which can then be used to access the value on the network)

Thanks for drawing attention to this.
For some reason this (and some of his other stuff) really tickles me!  

I couldn't find a bitcoin donation address for him though.. wtf!?

http://mrmoneyhustler.blogspot.com/   (+ video linked in the article)

I'm not sure which website he's actually talking about - but this is one reason why the way journalists report on Bitcoin can have a big effect on the spread and uptake of this currency.  The 'Any publicity is good publicity' maxim might work as far as getting a fair number of end users - but if businesses are scared of it for PR reasons, it's not much good.