Don't use any wallet service. Any can be hacked, shut down, fractional reserved, or just robbed by their owners (doubtful of the last for mtgox, but they do have employees they have to trust).

Mtgox, is an exchange, not a wallet service. Put coins in there to sell and take them out when done. No risk of them failing.

This is for advertising on printcoins.com. The two top bids on this auction will each show up 50% of the views on the site for 6 months. This will be done using a server side random function create an image wrapped in an href tag. You can specify also the alt tag as well to help with SEO.

The image will be 728x90 and be placed at the bottom of the page. You can host the image (or I can). You can also email me whenever you want to change the link, and I can update it in 2 business days. Changing it more than once a month would not be appreciated though.

The image will not be flash, and should not be offensive (PM me to ask. I am cool with most things, but would rather not have porn on my site), and should not be annoying (for example, an animated gif that causes seizures). The image of the ad should be representative of what it is linking to (don't surprise users with something unexpected).

Post your bids in this thread. Bids are in USD but are to be paid in bitcoins.  Bidding starts at 1USD and is made in increments of at least 1USD. Both bidders only need to pay the second highest bid amount. So if person A bids 10, and person B bids 15, they both only pay $10.

If any valid bids occur less than 60 minutes before the auction end time, then the auction will be extended by 60 minutes. If any valid bids occur less than 60 minutes before the new end time, then the auction will be extended again, etc. The time will continue extending until bids stop coming in.

The auction ends on January 21 2012 16:00 GMT+0000

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Stats:

Over the last 30 days, here are the stats from google analytics:

627 Unique visitors
812 Visits
2,444 Pageviews
3.01 Pages/Visit
00:03:07 Avg. Time on Site
49.14% Bounce Rate
71.55% % New Visits

12.56%Search Traffic
102 Visits
-------20% of the results come from google searches for the term "bitcoin"


26.23%Referral Traffic
213 Visits

61.21%Direct Traffic
497 Visits

These are the bills that have sold on the site (so, people visiting the site have bitcoins to spend):
http://printcoins.com/sent_bills

nudge.

Is there a post or thread somewhere that explains who this dude is and why he is important enough to have a GM script devoted to him?

That is a possibility as well. It isn't really related to banks shutting down bitcoin transfers though. This is just a fun upside possibility.

Bitcoin, gold, property, food, oil will all shoot up when wealth flees fiat. That is the way it goes.

Gift code received and worked fine. Thanks tsvekric!

I will go for that. I'll talk to you via PM.

(Consider this sold)

I think most people believe oil will just continue to go up in value. The same could be said for uranium and other non-renewable resources that are consumed (gold and silver doesn't count).

Gold, silver, bitcoins, etc aren't really consumed, so even though they follow the same extraction curve as oil, their price floats based upon the whims of speculators.

You have a markup. Most people do a mark-down for amazon cards paid in BTC.

I don't think that it proved a fallacy. A deflationary spiral only is a problem when everyone believes it can only go up in value. I think there are enough people that think the current price of bitcoins and the rate of increase is nuts, and just want to dump what they have.

Tonight on the news "Underground currency bitcoin used for Drugs &... [name some other hot button issues]. Citi and Chase identified as facilitating ... bla bla bla"

Exchanges shut out quickly from all major banking outlets. No law needed. Just bad press. Find a rouge bank that will be willing to work with the exchange, and that bank will have some serious issues getting wire transfers from established banks.

Much of the value of bitcoin would vanish the day of, and traders scramble to get their money out of the exchanges (converting btc to usd and wiring money). New modes of exchange would need to be found (otc and in person). In essence, bitcoin would lose the big time speculators, and exchanges would be reduced to mini transactions, or some other less bank oriented system.

The irony is that if the press was really out there and everyone suddenly had knowledge of bitcoin, more people would want it.

But it doesn't need to go to frontline news to have banks shut exchanges down. If they get a whiff of bad press, it would happen.

I wonder what happened to the value of gold when it was deemed illegal to own. I think that might be a good historical lesson to look at in trying to predict the future of bitcoin (though gold and bitcoin are quite different).

I'll give you 8.5 BTC for $70 worth of Amazon GC

Square dealer. $90.65 was in the account.

I am looking to buy some Amazon Gift Cards (just need the codes).

I need about $70 to make a purchase.

Let me know what you are willing to take in BTC for the amazon amount.

Sold?

I think the banks are the biggest danger to Bitcoin in the near future. If they all started to decide that they don't want anything to do with bitcoins, the exchanges would be totally frozen out.

I am buying the whole thing. Just sent you a message.

Update: 0.5 BTC denomination bills now available.

If this price rally keeps up I might even get to roll out my 0.25 bills.

Here is a complete list of all intended colors (going down to 0.01 BTC - which would require bitcoins to be around $100 a piece to make sense):

http://printcoins.com/colors

I am just giving room for a competitor to step in and eat my lunch. If I charged too little, than what would be the incentive for anyone else to break into the market.

D&T -  Thank you, you are now my official spokesperson for all pricing issues.

Also, anyone is welcome to undercut me if I charge too much. You could probably charge much less and still make a profit if you have access to cheap labor.