Freerolls on Seals too!

You are missing a big part of the decision equation. What will other miners do, what will the difficulty be? If the btc/usd stays the same and 60% of hashing power drops out you'll make more money.

The question you should always ask yourself is "Am I going to be more or less efficient than the marginal miner?"

If you pay a reasonable price for electricity and value the time it takes you to manage your operation you should probably stop at some point unless you want bitcoins and have trouble buying them.

“You might wonder if Smashwords should simply switch to a different payment provider.  It’s not so easy.  PayPal is designed into the wiring of the Smashwords platform.  They run the credit card processing for our retail store, and they’re how we pay our authors and publishers.  PayPal is also an extremely popular, trusted payment option for our customers.  It is not feasible for us to simply switch to another provider, should such a suitable provider even exist, especially with so few days notice.”

This is why you don't marry an evil bitch.

I don't think it's a bad idea, surprised at the negativity.

LoveBitcoins is not insurance but it is a commitment. I suppose really all it does is make it unlikely that the site will be a small scam, it could certainly be worth 100BTC to set up something large.

The insurance company would have to solve the trust issue itself, but some people here do already have some trust and selling/renting it doesn't seem bad at all.

For example I could probably start a store and enough people would be willing to trust me for a small amount that I could get reviews etc. But I don't want to start a store, so instead I talk on the phone with some guy, hear his plans, take a deposit from him and tell people that if they get screwed it's on me. Now he gets a faster start, people have more peace of mind and I make a little money.

Regarding Bitcoin eliminating the need for trust, I completely disagree. Bitcoin lets us have money without third party risk, but there is still the need to find trusted trading partners.

Sorry to be short. The silly part is the cashier waiting for the coins she accidentally charged you incorrectly to get 6 confirms. Obviously no one wants to wait 6 confirms in any situation.

Waiting any confirms at all in any small value situation where you can actually see the person is just rude and unnecessary. If a guy is willing to walk off without paying why both pretending to pay first? To get a 10 or 60 minute head start? Where you going to run after him and try to fight about it? It makes zero difference whether  cops get there 1 hour or 2 hours after the fact to take your report about the stolen groceries.

Lol wut

In addition to the previous points every block empty or not makes it one block more work to rewrite a particular previous block making the tx in them a little bit more secure.

It seems rare that you'd need a cashier to have access, just pay give them watching only access. Multi-sig is for when multiple bosses need to sign off and other cases like that.

Jesus is starting to sound prescient. Let them have their money, we'll use ours.

When your team of 6 billion finally finds a collision on average you'll get 21 million bitcoins / total number of addresses. That'll be exciting.

I'll keep my wishes for safe car rides.

It predicts people won't pass around info for free, but we do. They could just as easily write that bittorrent doesn't work because people have no incentive to share. It's like those 'studies' that determine that bees can't fly because their wings aren't long enough.

You are correct, looking into it now.

blockchain.info can help you in the meantime.

edit: cron failed, should be all caught up now.

That makes sense Spike.

Probably my first idea there would be best done by just having an existing host add "gate this file with BTC".

I expect those names to be worth a good amount in the future. Maybe $100k+ when Bitcoin is way big, but that might be like 100BTC only. This wouldn't be a problem if I had dollars to invest, but I only have coins. So I should only do this if I think the Amount of bitcoins the names will be worth is going to go up, and... that doesn't seem clear at all.

~350BTC? Does it seem reasonable to get that for it in a few years?

Suppose a bitcoin is worth $4.50 in two years, what do you think the domain will be worth? Really hard for me to tell since I think $4.50/BTC in two years is the least likely scenario ever.

Another thing to consider, and it makes this a clear no to me instead of a slight no, is the future of domain names in general. If there is an IP crackdown it could spur a new system pretty fast. It's a technical problem really and a good solution might be found at any time with the right motivation.

Just tweeted the same thing from the bitcoin horn.

And added Armory donation thread to my sig.

I'll be donating (again), just deciding how much. Keep up the good work!

It's only been about 5 blocks, but it's 10BTC and has a .0005 fee. It is not large in size only one input.

The only thing unusual I can see is that the change address is the same as the input so the sender was not using the standard client.

Ohh... I'm reading this as meaning it's input is unconfirmed itself is that right?

http://blockchain.info/address/d3c9db1d8cc75b44e610990a6e0e106d2c14ecda

edit: It just confirmed, I'm still wondering if anything strange was going on so I'll leave this open.

The model I'm thinking of might be risky and not good, but here it is.

You let people put stuff up for free and download for free, this will get you a big base.

You let people charge if they want and take a decent cut out of it, more than the bandwidth costs you covering for all the free hosting you do.

If the free is getting to be too much you could limit how much free a user can get, maybe they pay for a premium account which gives them all the 'free' they want.

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A different way would just to provide the plumbing and no audience and nothing for free and take a very small cut. But I think this model will be fairly easy to copy and it'll just be a matter of who can provide cheapest bandwidth. But still there would be some first to market advantage.

Would you expect people to hold and handle and send your cash for you for free?

MyBitcoin did this though and I'm sure many others do and/or will.

Agreed, lots of people are totally out of this world and it won't affect them at all.