"He" who?

Edit:  I mean...is he on the forum?

More than that -- Bitcoin is based on the people.  Only peer-to-peer miners hit the 'GO' button.  Without miners there are no transaction confirmations, and without transaction confirmations Bitcoin loses all of its confirmed value.  It's the people's money.

Will the first issue of Bitcoin Magazine become a valuable collectible in the future?

Is this Atlas gone bonkers?

Why?

And please relate Bitcoin to other currencies in your answer so I understand the "stupid" relationships.

FTFY.

Well, one reason may be that the value of a currency doesn't "struggle" to do anything.

Is the value of Bitcoin supposed to be rising?  Why?  Right now it's successfully working as a functional currency and that's really all that matters -- people are using it.  

The value of a currency is a function of many things, primarily psychology of which demand is a derivative.  More people using --> more demand --> higher value.  There hasn't been a rapid influx of new users, but there is evidence of gradual entry.  During the months leading up to the June 2011 bubble, there was a rapid influx of new users.  This influx was due to speculation.  This brings me to another factor...

...the type of users that demand Bitcoin affect its value, especially when the market is smaller.  While we have more Bitcoin users now than we did during the time of the June 2011 bubble, users are now entering for different reasons, and these reasons determine levels of demand and types of investment.  

At the time of the bubble, there were many risky investor-types who entered the market with a shit-ton of cash on the basis of speculation.  Hence, the price went up extremely fast to a point where the market cap was around $150 million, but then it fell extremely fast.  However, today with a market cap of only ~$47 million and a price of 'only' $5, we don't see such enormous price swings, and even a 20,000 BTC sell-off by a single individual doesn't have nearly the same impact that it would have had last June.  This is a result of (mostly) two things:  1) There are more overall Bitcoin users, and 2) these users are more diverse in their reasons for investing in Bitcoin.

Actually, you could argue that, if anything, the value of a currency "struggles" to be infinitely volatile and it is up its users to harness this volatility such that it can become a stable currency and can become a storage of value.  

Now, a little speculation in the beginning is a good thing to establish some sort of initial interest, value, etc.  Right now, the Bitcoin economy is too small to reconcile a BTC price beyond $5-$10.  Actually, I think even a price at $1-2 would still be very fair at this point.  However, too much speculation is unhealthy, and there's no good reason -- speculative or otherwise -- to expect the value of BTC to immediately start soaring.

Given all the hacks, losses, scams, etc., its absolutely remarkable that Bitcoin is functioning as healthily as it is at present.

Ignore this tard.  Look at his post history to understand why this is the best solution.

"Tizzy Tazzy -- Tantrum Solved"

I would love it if you did.  If you're that interested, let me know and I'll throw up a pic.

Bump.

This is a great deal, guys, especially the carburetor.  It's like new, never used,  and you could easily resell it for $250-$300.

Lol well, that depends.

Midnight of the 31st would technically mean 12:00 a.m on the 31st, not 12:00 a.m. on June 1st...which would suggest that the auction technically ended over 24 hours ago.

Edit:  For the record, I think I started all the paranoia and scrutiny of the language used in auction/contest threads, so I feel I should just go balls to the wall and impart comments in all threads where such scrutiny exists 

Then wouldn't that be yesterday?  Lol now this is just getting confusing.

From Wikipedia TheFreeDictionary.com:

at 1  (t; t when unstressed)
prep.
1.
a. In or near the area occupied by; in or near the location of: at the market; at our destination.
b. In or near the position of: always at my side; at the center of the page.
2. To or toward the direction or location of, especially for a specific purpose: Questions came at us from all sides.
3. Present during; attending: at the dance.
4. Within the interval or span of: at the dinner hour; at a glance.
5. In the state or condition of: at peace with one's conscience.
6. In the activity or field of: skilled at playing chess; good at math.
7. To or using the rate, extent, or amount of; to the point of: at 30 cents a pound; at high speed; at 20 paces; at 350°F.
8. On, near, or by the time or age of: at three o'clock; at 72 years of age.
9. On account of; because of: rejoice at a victory.
10. By way of; through: exited at the rear gate.
11. In accord with; following: at my request.
12. Dependent upon: at the mercy of the court.
13. Occupied with: at work.

Notice that #8, which utilizes the specific example of time, differs from #4 which incorporates an interval/span.

I was entertained from the outside   Nice bidding!

My unbiased opinion:

The OP states the auction ends "at midnight."

The word "at" suggests that as soon as it is midnight, the auction ends.  This would imply 00:00:00 and not 00:00:59.  If a 5k race is run, the finish line is at 5k, and not 5.999k. 

I think the 127 bid wins.

What about your email password?  Is that strong?  Maybe your email account was hacked and they used it to recover your Mt. Gox password?

Oh no, don't think you're gettin' out of this one, Slick.

And I'm going to need a strong drink to get that acidic taste out of my mouth 

GPUs are like busses.  They don't go very fast and they require a lot of energy, but they take you wherever you want to go, accommodate many people, and are appropriate for a variety of occasions.

FPGAs are like hybrids.  They still don't go very fast and accommodate fewer people, but they conserve energy and still are appropriate for a variety of occasions.

ASICs are like Ferraris.  They have one purpose and one purpose only -- to go fast and to be as efficient at doing this as possible.

Ok OP,

1)  So, you come on the forum looking for highly-skilled programmers to develop a website for you...no luck.

2)  Attitude quickly turns belligerent and you start talking about disharmony within the community.  Alright.

3)  Then, you want to be a taxi driver for BTC...OK.

4)  No response.

5)  Then, this thread is created.  Attitude quickly shifts again and the arrogance of the all-knowing emerges.

Note:  You registered less than 2 weeks ago.

So, a few possibilities emerge.  Since you claim you had known about BTC for months, my guess is that you either missed out on the June Bubble or lost quite a bit on the way down from it and are bitter.  Obviously, you didn't get in before the June bubble and escape with a handsome profit or you wouldn't be here bitching about the "little game" we're playing.  

It's also possible you're just mentally unstable and are largely unaware of your apparent contradictions in personal intention.

A few other possibilities exist, but they aren't much brighter.

My advice:  Don't be so bitter.  When ASIC miners are released, if you act quick enough you will be able to catch another glorious opportunity to profit.  Don't be late to the bus 'cause it's going to be jam-packed.