If its sending once every hour without confirmations=1 then i'm guessing the script is being automated to run once an hour and the email will only be sent when it is told to run AND 'confirmations' is exactly 1, so if its 0 or 2 or more, nothing is be sent. A shitty fix would be to set if confirmations > 0 && < 7. It would work most of the time, except occasionally people will get 2 emails or none if a load of blocks are solved faster or slower than usual. The only proper way to do it is use a database and record when you send the email.

Litecoin may be at a later adoption stage than Bitcoin depending on the length of its life cycle

What are the reasons you think it will take 3-6 months to complete? I would have thought using BTC would speed the process up considerably?

There is a psychological barrier because milli and micro sound 'small'. People don't want to hand over a whole wad of greenbacks and receive micro-bitcoins. I'm a fan of using uBTC but just referring to them as 'bits'.

People are confusing ponzi scheme with pyramid or MLM scheme but neither of them are like Bitcoin.

Ponzi scheme - A central actor (person or 'company') receives money with a promise of quick and significant returns. All people that buy into the scheme interact directly with the central actor who pays out money he has received from 'investors' as returns in order to drum up more investment in a fictitious investment opportunity. It is by design centralized, non-transparent and has a hierarchy of 2 levels - CEO of ponzi and everyone else. The investors do not realize they are being payed out with their own and others principle investments.

    O      O       O
     \      |      /
O - (CEO of ponzi) - O
    /       |      \
 O         O        O


Pyramid scheme - A central actor encourages a number of other actors to invest in something in return for something of little to no real world value in a fixed hierarchy on a promise of a) high profit margins on a cheap product and b) getting more new actors into the hierarchy directly underneath you feeding your personal revenue stream (and by design, those directly above you). This structure allows large profits to flow up the streams towards the tip of the hierarchy. A pyramid scheme by design is centralized and non-transparent in nature. People lower down are often not allowed to know exactly how far down they are in the pyramid, only seeing those they directly interact with.


        (CEO of MLM)
          /      |       \
       O       O       O
      / | \   / | \     / | \
   O  O  OO O O O  O O


Bitcoin - Every bitcoin is worth the same so every actor benefits proportionally with the growth of the network. Note that with a pyramid scheme the goods you purchase either have little utility like a poor quality 'how to' guide or a good whose market value is vastly lower than what you just paid to purchase it ($600 for 24 energy drinks). With bitcoin wealth is being traded 1:1. If you buy a bitcoin at a market price of $600, that is what it is worth at that moment and neither party can be said to have 'lost any wealth'. There is nothing stopping you from turning around and selling it right back to the market for market price, just like gold or an antique vase. Bitcoin has a flat hierarchy with no central authority and is transparent.


   O - O       O
    \    \       /
 O-O   O - O
     \   /      \
      O         O - O   


What confuses people is the exponential growth and the religious zeal of some bitcoiners giving the impression it is a get rich quick scheme.

Buying 12 goxBTC for 4 BTC

I'll buy for 0.4

Whose selling Alt?  

I'd buy 200k for 0.18 btc

You don't need a new address for every user, just a new address whenever you sweep it. A bigger entity accepting bitcoin could just empty the account periodically and put a new address up. They may only empty the address once every 6 months.

auction ends?

I'll bid 0.01

P(Has gambling addiction) > P(Has a brother) * P(Brother has gambling addiction)

Why did you deposit your life savings onto a gambling site? That isn't arousing my mercy

Exactly. Use bitz if you think it'll get confused with data.

I'm not sure how often people would confuse a bitcoin bit with a data bit anyway but you can use bitz or bbit or something similar. It solves two huge problems and replaces it with a minor and workable one.

It has to be 'bit'

Counting down in subdivisions of a huge base unit of BTC is not intuitive.
As pointed out in the reddit post, people will make mistakes having to make transactions in this manner.

Imagine being drunk and trying to send someone 12uBTC on your phone. What's the chance they send 12mBTC instead? I'd say the chance is higher than if the amount was 12 bits vs 12 000 bits. If we are using a prefix every thousandth ie (milli, micro) it is going to be a headache. Especially with the volatile nature of bitcoin. Because it isn't tactile, there is no reason to differentiate a uBTC with a mBTC in your mind. It's just straight calculation which is fine sat at your computer, but doesn't really convert well when buying something from someone in meatspace

We've got it here: bits

1BTC = 1 000 000 bits
1mBTC = 1 000 bits (1 kbits)
1uBTC = 1 bit
1 bit = 100 satoshi

http://www.reddit.com/r/Bitcoin/comments/1rmto3/its_bits/

It's easier for the layman and it doesn't come with the psychological drag of most people only being able to afford a fraction of a bitcoin, a 'milli-' or 'micro-' bitcoin. The psychology of it is important factor, as well as the fact that it's easier to count up using small base units (bits) than down into subdivisions of a huge base unit (BTC).

Also with enough appreciation in value, no one will be spending whole bitcoins, so it doesn't make much sense having a currency called bitcoin when people are only spending mikes and mikies

The price being volatile is more of an argument for bits than against it.

if a t-shirt is 3000 bits one day and 330 bits the next, it's very easy to see it costs about 10x less than it did yesterday

But a 3 mBTC coffee that becomes 330 uBTC the next day, although for many people this calculation is trivial, for many more people it isn't.

Regardless of what is used, the 1BTC = 1 000 000 ratio is right.

Someone put in that thread of denoting bits as bitz or some other written way if it would cause confusion when buying phone time. (I'm not sure how big of a problem that is though tbh. Where I'm from phone data is purchased in Mb and Gb)

In what way? What is an example of how bitcoin bits could be confused with informational bits?

That's the key, i think most people would agree that it's more logical to use mBTC and uBTC, but in terms of widespread adoption and for allowing people to relate it to 'real money', as well as getting over this 'I can't afford a whole bitcoin' aspect of adoption, using 1 BTC = 1 000 000 bits is far more user friendly and thus actually more practical.

I've seen some people say they are buying Litecoins because they 'can't afford bitcoins'.