It only takes for one major publication to do a piece on bitcoin before all the rest will follow as well as local papers, tech mags, websites etc.

By the way, how much is slush making from running his pool?

NSA!!!

Update:
We'll be making a public announcement on what we're offering, the terms and everything else next week, probably Tue. or Wed.

In this we'll have plenty of details including our team, costs, projected revenues/income, risks, timescales, a good description of how the system works etc. how much we're looking for, and the timescale were looking at.

Then you will be able to send your investments to our treasurer and get digitally signed receipts with your shares and the contract that we're entering into(which will be available before had for inspection/revision/discussion).

Begone Reddit user!

Hahaha, not yet anyway but piss enough people off....

While we're waiting for wired(don't hold breath) get onto arstechnica, include the fact that bitcoins been covered on slashdot twice already.

We need to get this looked at and mentioned by Bruce Schneier as well, any Linux nerds here want to start contacting various Linux User Groups and let them know?

Not really, to a large extent bitcoin and companies that are bitcoin companies, that is they are not only shares from normal companies resold on a bitcoin market, will be operating outside the law, primarily in cypherspace, according to a number of common sense trade conventions.

Think of the user credit rating agency I'm building, or the bitcoin mining co-op that began a couple of weeks ago. These operate almost entirely in bitcoin, only exchanging to USD or other currencies to pay some real world expenses (electricity for example).

The membership, and share ownership, as well as the actual operators are to a large extent anonymous, and work completely by reputation and trust (very hard to earn). The companies themselves don't physically exist, their assets are scattered between their operators, again who are anonymous, but they work just as well anyway.

The market, when it comes will be in an unknown location. Backed up, encrypted, anonymous, secure. Away from the hands of any typical terrestrial law enforcement agency. And nothing short of banning cryptograhy and turning off the internet in most countries worldwide would be able to stop this one it begins.

A bitcoin stock market, will involve 0 law, it will evolve and grow at a much faster rate than any normal stock market without so much overheads or red-tape holding it back.

regular currency doesn't really do this, yes they have sub dollar denominations but that's because they know that those denominations will not continually get smaller. There is nothing smaller than a cent. There is also nothing larger than the dollar.

Since bitcoin will continually be used in smaller and smaller denominations we would continually have to come up with new names for them, which is pointless.

Is there another name for 1Billion dollars? No, and for the same reason there shouldn't be another name for anything under 1btc.

This is already happening with bitcoin companies forming to make use of capital, this process will speed up a lot when we get a stockmarket to efficiently allocate resouces and capital.When that happens things will kick into overdrive.

Update: We're putting back the collection of funding until Friday next week.

This allows us to get our team in shape(it's a good team so far), get organised as a group.
Allows us to solidify our business plan, revenue streams etc.
Get our costs nailed down, software is complex, planning and pricing it isn't easy.
Time to plan the system correctly

It also allows for more investors to get involved.

To those who are asking are we still taking investment, the answer is yes. PM me what you'd like to put in and anything else you might be able to contribute. All investors we take on will get a share in the company proportional to what they put in. This entitles to the companies profits and voting on company issues.

You should switch, your first choice is a one in 3 choice, when he removes one of the doors it turns into a one in 2 choice, greater odds so you should switch.

Many people would say there is no differencebut the odds are better ifyou switch.

What is stopping people inventing their own subdomain, like .foo for example?

That's a great read, and a pretty good blueprint for how the bitcoin economy may develop in the future.

Yeah, like killing the person 

+1, but I still stand by my deadman switch inheritance idea 

The first sever he leased to me was for a dedicated server, 4 cores, 2 gigs ram for 10BTC a month.

These are dedicated servers he was selling, not a VPS.

You are right though, that is a viable business model for anyone interested.

Fair enough, the job would mean you would be responsible for keeping the companies money,making payments, getting reciepts(or their equivalent) releasing funds, and keeping records/accounts(expenses by who how much for what etc.). And on quarterly basis pay dividends.

How much time? Not too much, there would be daily accounts settlement for the general running, request for expenses and re-imbursement. Keeping in contact and working with our cash treasurer(who has the same job as yours but for cash as opposed to bitcoin). Im guessing up to 30 mins a day once we get into a routine.

Equity means a share in the company, shares represent ownership in the company, have voting rights on motions and recieve dividends(all profits will be paid out in dividends). Basically it's a share in the ownership, decision making, and profits of the company. And you can if you wish sell these on atany time for whatever you wish.

Exactly what the share will be that must be decided by the investors in our first general meeting(held after first funding is provided),it would also be when the investors vote on whether to accept those for ceo, secretary 1 & 2, bitcoin & cash treasurers.

I'd say some accounting experience or understanding would be nessesary as well as some familiarity with some acconting package(would gnu cash be good enough?).

Hope this answers your questions.

I thought that was taken care of?

Thanks for the interest guys, as for what would a treasurer do? The same thing that they do in regular companies, except it's with bitcoins.

This position is going to be one of high responsibility, so trust and reputstion(with the associated loss of reputation on cheating).

Could the three of you pm me the forum profile accounts of people you can use as references, the more the better and the more reputable the references the better.

Once I collect the initial funding investors will get to vote on who to accept for the position.