I think recurrent automated buys and going off the radar is a solid plan.

Read more about BTC and you will feel better.  See dropping prices as buying opportunities rather than selling points.

It will go up.

Coinbase is legitimate; however you may want to consider changing your bank account password after linking

Wallet--no it's not, blockchain allows you to download your wallet and they don't store the password.  Coinbase keeps your wallet and you are trusting them with it.  I don't keep much balance on coinbase (in case the site vanishes or gets shut down by feds).

You should be able to obtain BTC immediately using BitInstant and Moneygram, I have done this in the past but it takes some effort and fees are high.

I like coinbase, I find it user friendly and it's based in the USA.

Valid thread.

The problem is market forces do not prevent mass uprisings and riots.

I'm very much a capitalist and libertarian, but how will people handle rioting in the streets from the unemployed?

Yes there is the ability to put a second password for sending coins

However, on QT the password is the same as the one used to encrypt the wallet

On blockchain it can be a different password, and it is entered using an on-screen keyboard to protect against keylogging

I say 120.  90% worldwide below that.

Be careful with managing coins using mobile devices, they can be lost or stolen which presents a risk factor

A wallet file is just a text file with public and private keys, is this right or something like that?

In that case, would a super long password for an encrypted wallet be about as good as the private keys for security purposes?  It seems to be effectively the same thing

Maybe I will check Armory later.  I was not too fond of the MultiBit interface.  QT has a very clean and simple GUI.

Sure to pop, just a matter of some years at most

Tablet?  If you're using a phone or tablet app I believe they do not have the Google Authenticator option enabled.  I decided not to use the android app as I felt it presented a security risk to my coins without giving much benefit.  Do set up a second password for sending of coins.

Google Authenticator is used to log in to view the balance.  There is an option to set a second password for outgoing transaction, which I recommend.  QT somewhat includes this feature--you use the same password to open the wallet and for outgoing transfers.

Blockchain does have options for paper wallet and "offline transactions".  But again I don't fully understand these yet and don't want coins to vanish.

Regulatory freezing is a real concern.  Have at least one backup of the wallet file somewhere in case blockchain were to be shut down by feds somewhere.  Then you can import a blockchain wallet into MultiBit, or a QT wallet into QT running on another computer. 

Because blockchain allows backing up of the wallet, there is a safeguard against the site freezing.  Other sites such as exchanges (Coinbase, bitstamp, Mt. Gox), if shut down/blocked/frozen, will have your coins held captive.

I haven't; it's supposed to be super secure but it seems complicated.

QT is simple and clean, I respect that.  Blockchain too.

I'm in general tech savvy but I have not yet figured out the "paper wallet" thing.  If I mess around with things too much without understanding them, I'm afraid I will lose my coins in cyberspace.

I'm a fan of 2 factor authentication using Google Authenticator (on blockchain as well as google).  Big security boost.

I know you can import a Blockchain wallet into MultiBit but I am not sure about QT wallet.

I think blockchain.info with 2 factor authentication and a second password is safe for those who do not want to go through 20 steps otherwise.

Otherwise, a bitcoin qt wallet with a good password is also safe.

From my standpoint I find blockchain.info with 2 factor authentication and a second password for sending coins to be very secure and reliable.

This is not the same as other web wallets.

Yes to mBTC

It will happen naturally and overcome any resistance

I think I get it.

However doesn't blockchain.info allow a second password for sending of funds?

I don't like bits

I like bitcoins

If there is a push for mBTC right now it will facilitate us getting to the next order of magnitude faster

People are already familiar with millimeters and milligrams

By convention million would be denoted MBTC not mBTC

Concise, germane

Excellent info thank you