blah blah blah

people use dollars, and you can repliate them as much as you like.

you can also make alternative bank notes that use the same protocols and technology. these are called pound, euro ruble, rand, yuan, yen, guilder, peso, boliviano, lev, pula. real, colon, kuna, koruna, krone, kroon, cedi, Quetzal, lempira, rupee, krona, forint, Shekel, rupiah, rial, Tenge, won, lat, kip, som, ringgit, denar, tughrik, matikal, cordoba

.. more blah blah blah.. cant be arsed listing them all, in short there are 180 official legal tenders of the world..

as for you comparing bitcoins to tulips..

what your analogy should have been was that bitcoin a tulip, and litecoin was a rose, and peer coins were dafodils, and feather coin was a sunflower..

which i would have then replied tulips can be reproduced unlimited thus proving bitcoins and the entire colony of altcoins are NOT flowers because although they're  different 'strains' of cryptocurrency.. each strain cannot be unlimited reproduced.!!

bitcoin and the other colonies of crypto currency cannot be endlessly printed within their colony's (country/blockchain) thus cryptocurrencies are nothing like legal tender.

as for the gold analogy:
gold is its own element, its own features and benefits. you cannot passoff silver as being gold, you cant even pass off white gold as being the same as normal yellow gold. that are all unique.
same with crypto currencies.. you cannot say that litecoin is bitcoin, a litecoin transaction cannot be used on the bitcoin blockchain much like copper cant be used for the same as gold, without people seeing the differences,

although gold and copper are both brought into circulation the same way ( digging from the ground) although legal tender is brought into circulation the same way. they are all unique to each other. just like bitcoin and other altcoins.

so please try harder to understand bitcoins benefits over fiat and precious metals

they can ban websites and close down businesses but they cant destroy the blockchain.

just like in the 1930's they can prohibit alcohol, but they cant stop people physically drinking it

there will always be a way for people to continue doing what they are doing. once governments realise all the attempts to prohibit bitcoin, wont break it. they will give in.

the chicken and egg has already been solved.. a mutated duck pushd out an egg and the result is what we now call a chicken. the egg came first..

but that being said.. USER adoption has not shrink. it has grown, the only different is that people are not linking bank accouts to risky untrustable exchanges that now also have AMLKYC restrictions to limit investment size, whilst also creating headaches..
with that said bitcoin user adoption has increased ALOT more but you wont see it on exchanges, as its all happening in private.

these crappy exchangs programmed in PHP would and should die out. and people need to find different bitcoin value measure compared to the current range of public exchanges.

crappy php website..

when will people learn to not have their wallets and trade engines on the exact same server as the customers GUI.

not
(user)----(whole business function server)

but it should be
(user)----(PHP echo/RUBY GUI server)-----(trade engine server)------(wallet server)

by having the important stuff on a separate server, DDos attacks wont stunt functions of the engine or wallet functions. and you can even mirror the echo/guy server if a DDOS occurs to keep connections active
aswell as allowing security precautions to be added at each server to triple secure the whole plan so that hackers can be spotted before getting to the wallet server.

id laugh even more if when the OP gets a bank statement it says:

Paypal*hisbusiness

it sounds like the repair guy is a crappy guy that doesnt know much, and i would expect he uses paypal to process the credit card.. like most sheeple

you cannot kill the blockchain!! you can only kill businesses and websites that use the blockchain

if your running linux. then simply upgrade the bash shell. its a linux vulnerability not a bitcoin-core vulnerability. id say that banks, ATM's and government networks are more at risk, rather than every day users computers.

but i do laugh when people try to attach a operating system vulnerability to then specifically point it as if to sound like a blockchain / bitcoin brake.

no you didnt nail it. satoshi is not john nash. and thats why we ignore you endless posts trying to yell out loud that you think he is nash..

he isn't so move on and re-try researching a little deeper. dont waste your life yelling for years that satoshi is nash as you just make yourself look worse then the other 200 people that randomly name names.

its NOT a vulnerability for bitcoin directly. it is a vulnerability that people can hack linux systems..
its NOT saying that bitcoin-core is broke.

the OP is over hyping it... its almost like the OP is saying bitcoin is broke due to windows being hackable.

let me make it clear BITCOIN itself  is not vulnerable!! only users COMPUTERS are vulnerable if they are linux users that have their operating system is defaulted to use Bash as the system shell.

again bitcoin is not broken, but ANY computer data on your computer, whether its word documents, porn, photos email can be accessed remotely if your default linux shell is BASH, which by implication means people 'could' find your wallets.

im thinking this might be how the hackers got hold of celebrity photos on the apple cloud

now thats been said. imagine exchange got rid of dollar measurements and got rid of the fallacy that a uro price or pound price should be measured against dollars. but instead measured against 1.5x a countries own native cost of living


and just have c.o.l measure being used on exchanges.

EG
buy orders___sell orders
1.501col_______1.500col
1.502col_______1.499col
1.503col_______1.488col
someone in europe would know their cost of living(weeks minimum wage) can be easily calculated
EG
UK £6.50x40 hours=£260 (1BTC=£390 today)
belgium €9.12x40 hours=€364.8(1BTC=€547.2 today)
america $7.50x40 hours=$300 (1BTC=$450 today)

why i call converting bitcoin to dollar and then to native currency a fallacy is because instead of bitcoins being 1.5 weeks of minmum wage of all countries. someone getting paid in america gets $300 a week(0.66btc). but if we were to convert dollar then to pound. someone in the UK would only get £184 a week which is way way below minimum wage. and if again one weeks wage, converted to dollar at their minimum wage and then converted to euros. means that they would only get €235 a week

we really need to stop pegging prices to dollars!! because right now UK and europe is getting screwed by everyone basing things on a dollar price. and not a fair value based on their own costs of living of their own nations.

but if people ignored the dollar and converted 0.66btc to 1 week minimum wage of native currency. UK would get £260 and belgium would get €364.8

you dont, C.o.L is not stored.!!!

its just a common sense measure of true value of things people need in real life, such as bread and milk. it requires no trust, no third parties. and the benefits of pegging it to a C.o.L measure is that even if dollar fiat goes the same way as the Zimbabwe dollar. people know that bitcoin will still give them a fair value for a loaf of bread.

even when dollar start pricing a single loaf of bread at $1000, due to economic crash (massive inflation). bitcoin will ensure that you can buy atleast 1 loaf for 0.005btc.

---

(edit to do some maths and get more specific.)

c.o.l = ~$300 per week (today)
minimum wage = ~$7.50 today ($300/40hours)
thus making bitcoin 1.5 C.o.L(today: $450)

ok using those numbers
based on c.o.l a loaf of bread is a maximum of 1% which works out as:
based on c.o.l a loaf of bread is a maximum of 0.0066btc ((1/1.5)/100)
based on c.o.l a loaf of bread is a maximum of $3 (300/100)
so right now in both cases you can get 100 loaves of bread for $300 or 150 loaves for 1btc

ok.. hope you got the maths understood..
now imagine dollar crashed and inflation made everything 400x more expensive (loaf of bread now $1000, C.o.L=$120,000)
bitcoin would still be at 1.5c.o.l meaning people can still buy 150 loaves per btc.

all it means that bitcoin converts to $180k a coin. thus bitcoin still keeps up with inflation to ensure bitcoin users dont suffer. whilst those sticking to crappy dollars are spending $1000 just to buy a loaf of bread.

---

now lets move onto the positives of bitcoins deflation due to supply/demand for bitcoin

PLEASE wipe your mind of pre-valuing bitcoins to FIAT. imagine bitcoins on exchanges had no fiat valuation. just a C.o.L valuation
imaging demand doubled. this will mean that 1btc is now worth 3 weeks C.o.L,

deflation now means 1btc then equivalent to 300 loaves of bread.

so while fiat is giving less and less loaves of bread due to its inflationary nature and possible crashes (research Zimbabwe dollar)
bitcoin is giving people more and more loaves of bread due to its deflationary nature of demand/circulation

i do not think bitcoin should be pegged to gold. as that means someone somewhere has to store 595 tonnes of gold, and we have to trust the entity will secure it..(if 1btc=1ounce of gold)

bitcoin should preferably be pegged to a value such as "cost of living" where for instance lets say 1btc= 2 weeks cost of living right now. and with demand rises, the value vs cost of living would change to maybe 1month per btc.

then every nation in the world can value bitcoin in their own way, either directly comparable to food/utility costs or comparable to their native currency without reliance on a dollar value first and then their native value.

this would help to stablise the markets. even if the dollar or the euro collapsed, people can still know that btcoin will buy them 200 loaves of bread today even if a dollar/euro value inflated due to collapse that made a loaf of bread cost $10,000 people can still be at piece knowing that they will always get atleast 200 loaves of bread for 1btc.

the problem is not user adoption. the facts are MORE bitcoin purchases are done than many think. the problem is that people are basing bitcoins price by sheep following crappy exchanges that do little to no actual withdraws or deposits. (you know the ones, poloniex, mintpal, cryptsy, cryptorush, vircurex)
and they inturn sheep follow places like btc-e, which only does roughly 14k of coin movements a day (not 13million). and very few of these are actual transactions that lead to a deposit or withdrawal.

this is because of the AMLKYC crap that coinbase/bitstamp etc have which limit people to playing with under 30btc before flags start flying and banks getting informed.

please realise that bitcoin has more action OFF exchanges, compared to ON exchanges, not due to consumer adoption. but due to AMLKYC restrictions.
just look at the stats
https://blockchain.info/charts/trade-volume (~$6m / $420 per coin = 14k coins)

but if you look at transaction volume
https://blockchain.info/charts/output-volume (~750k coins)
or more accurately
https://blockchain.info/charts/estimated-transaction-volume (~120k coins)

so everyone is basing prices based on movements of just 14k coins where as they are not including measure of money movements from localbitcoins or bitcoin-otc or the ROI that VC's get from throwing FIAT at an enterprise and wishing for btc at certain rates in return.

when people stop being sheep and stop following prices of crappy small restricted exchanges. and base bitcoin on how much they bought their bitcoin for +x profit. or based on cost of mining their coin + x profit.

sheeple should NEVER sell at a loss, and should never let 5th parties dictate their prices.

by 5th party i mean not the person you are trading with. not an average of prices on the platform you are using, not a crappy estimate of a few small exchanges added together. but where the 5th party is another exchange you are not arbitraging against directly.. simply because it doesnt affect you personally.

sheeple need to stop panicking over prices that do not affect them personally(other exchanges such as in china), because the end result is that it will affect them personally.
a great example of when "some" sheeple woke up is when people started to ignore mtgox price in february, where peoples personal estimates and resistance points remained at $450, whilst mtgox tanked to $100, again because people realised that it wont affect them personally/directly(because people could not deposit/withdraw)

summerising my rant.
user adoption is not the problem. its the businesses around bitcoin that are hindering whales to invest publicly / easily. thus making it harder for places like 'bitcoin average' to accurately measure a more truer market cap value.

once more suitable markets open that get audited regularly and are transparent. then whales would use them and answers to not only a better price bitcoin average, but also the FIAT movements of the trades (where most are done currently in private) can also be answered.

most manufacturing is not done at the missouri location, 90% of the hardware is done at chip manufacturing elsewhere and butterfly labs missouri once they finally do get product. employ people for just a couple months a year (temp jobs) just to box and ship units. so the impact of unemployment does not really come as a large measure of why people should defend BFL.

the company received multiple millions.. and im talking hundreds of millions of dollars. yet the output of physical product and employment payouts is far far far less

cccu

credit unions

you cant just use the number of coins in circulation x market price.

as those coins may have swapped peoples hands 10 times in just a year.

for instance btc-e trades about 5 million coins. then last year mtgox was trading about 18million coins, bitstamp about 15million coins. coinbase, then add bitpay, cryptsy, cryptorush, mintpal and the other 15 crappy exchanges. your probably looking at 50 million coin movements WITHIN AN EXCHANGE.

which would equate to about $20billion ish

without knowing how many of those coin movements actually resulted in a bank deposit or a bank withdrawal, because most of the time the coins and dollar just sits in the account while people play around with SQL data base entries daytrading orders.

all that we can know for sure is that it is well OVER $20billion a year worth of coins is played around with and maybe over that. then as i said in my last post multiply that by the 4 years where volumes may have been less. your probably looking at 50billion just in exchange movements on sql databases.

but only the exchanges themselves would have the answer to how much physical money entered and left the bank accounts.

you might be looking at well over 100million coin movements where roughly 50-70billion is total bank account movements over 4 years of all bitcoin activity, once you include everything from exchanges to other swaps(merchant product sales, VC investment, private exchanges, localbitcoins, otc and other professional exchanges, advertising, paying wages, etc, etc, etc)

after all most of the exchanges day trade without bank movements, but private trades are more about direct bank transfer purchases, along with the other stuff i just wrote in brackets.

again to clarify
exchange internal movements 50-70billion
other swaps internal movement 30-50billion
=
exchange dollar transfer 20-30billion(actual bank account movement)
other swaps dollar transfer 30-40billion(actual bank account movement)

but all we can do is guess via limited information available
but i stand by my rough estimate of over $100billion internal transactions and atleast $50billion result of actual bank movements

to clarify i didnt mean the user would see any letters and numbers and i quite agree that patterns are more secure.. but..
.. but,,
as your image shows a text box with ************ the circles on the keypad must represent some form of alpha-numeric sequence (on YOUR CODING SIDE - not the customers visual side)

all i meant was that on your coding side if you had a way to convert a customers simple swishes of a phone screen pattern, into an entropy of much larger than the 12 ************ that you use for your encryption method. that would strengthen it.

there are many way's to do it.
even if the customer has to swish their finger across the screen 6 times for one pattern and then another 6. and then YOUR CODE does some nice fancy stuff with those 2 patterns to get atleast 25 entropy. then that would be great.

because a 12 entropy. if hex can be brute forced VERY quickly
because a 12 entropy. if alphanumberic can be brute forced moderately quickly
because a 12 entropy. if alphanumberic+ symbols can be brute forced reasonably quickly

but but having entropy of ATLEAST 25 digits, even if a customer only needs to swish 6-12 times atleast makes brute forcing a wallet file using a brute force script harder to achieve.

i would say that the user interface has many merits. you just need to increase the entropy using some nice maths functions bhind the scenes without causing the user too much inconvenience.

if it was actual bank account movements. then it would be
$100+$40k+$40k = $80,100

but i agree, what specific measure is the OP looking for

coins exist on a blockchain, they are money themselves. and you cant slide a $10 into the blockchain..

but you can put bank notes into exchanges to swap for bitcoins
but you can put bank notes into electricity companies to power mining rigs to obtain bitcoins
but you can put bank notes into businesses as a VC to obtain large amounts of bitcoin as your ROI.

so the statement saying you want to exclude mining/exchange/investing.. doesnt really leave move options left.

but if you really want some figures.
the 13+mill coin circulation holds a cap value based on probably only 20k coin movements a day. (so i dont consider the bitcoin fiat value market cap estimate as very accurate)

that being said with between 12k-50k coins moving through exchanges which over 4 years would equate to probably 50billion worth of FIAT moving between bank accounts.
then add on the private fund movements for bitcoin related stuff.,

you probably looking at in excess of 70billion dollars have moved between bank accounts due to bitcoin related activities... easily.

---

even if we used different measures.
say theres 2million people that have played with bitcoin. some throwing millions into it.. some throwing just $100 into it. lets say an average of $20k a year
2mill x 10,000=20billion.
lets say last year was a bit less and the year before that was a bit less again..

over 4 years your still going to surpass 50billion.

---

now another approach.
merchants. there are over 100k merchants right now. even if on average each merchant receives $1000 from bitcoin a week (overstock done $20k a week, small mom and pop stores might only do $20 a week)
, that 100mill a week or 5 a billion a year, which is going to be atleast $10-$20billion, just from merchant sales alone over the 4 years (taking into account slow growth in 2009-2014, thus not exactly $20billion ).