Try to focus on the whys instead of the whats, talk in ideas behind bitcoin not as much in actually how it works.. If they get on board with the ideas the rest should be cake.

I thought it was proven the last time the value increased dramatically that the dreaded deflationary spiral is a fallacy and people actually spent more? 

Maybe if the universe revolved around Giraffe.BC I'd care what you think but since it doesn't..

And guess what the market disagrees with you and so do I. Have fun with your delusions!

Probably right above gold and next to paper money.

So I'm sorry to burst anyone's bubble but gold is money and if you think it's not at least in Utah it's official that you are wrong.

Utah House Passes Bill Recognizing Gold, Silver as Legal Tender

The Utah House was to vote as early as Thursday on legislation that would recognize gold and silver coins issued by the federal government as legal currency in the state. (AP)

Utah took its first step Friday toward bringing back the gold standard when the state House passed a bill that would recognize gold and silver coins issued by the federal government as legal currency.

http://www.foxnews.com/politics/2011/03/04/utah-house-passes-recognizing-gold-silver-legal-tender/


3 Tea Party-Backed Senators Bet Economic Recovery on Gold
Published July 07, 2011

AP
Shown here are Sens. Jim DeMint, left; Rand Paul, center; and Mike Lee.
With the economic recovery on life support, three Tea Party-backed senators are betting on gold to reverse the nation's fortunes.
Republican Sens. Jim DeMint of South Carolina, Rand Paul of Kentucky and Mike Lee of Utah unveiled legislation Tuesday that would keep Uncle Sam's hands off of gold and silver coins that have been declared legal tender by the government.
The Sound Money Promotion Act comes after Utah became the first state to recognize those coins as legal currency and exempted the sale of gold from the state capital gains tax.


Read more: http://www.foxnews.com/politics/2011/07/07/3-tea-party-backed-senators-bet-economic-recovery-on-gold/#ixzz1S5j74ZNA

A First Step To Sound Money
Editorial of The New York Sun | June 28, 2011
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Here’s a hypothetical situation. Suppose you had $1.5 million. At today’s gold price that would buy approximately 1,000 ounces of gold. Suppose now that President Obama, the Congress, and the Federal Reserve began managing the American economy in such a way that by the end of President Obama’s second term, the dollar was back to where it was when President George W. Bush began his first term. Were that to happen, your $1.5 million could purchase 5,660 ounces of gold.

So, do you think you should have to pay taxes on the increase in the value of your money?

http://www.nysun.com/editorials/a-first-step-to-sound-money/87411/


AND FINALLY:

Utah Spurs Gold Rush
by  Jeffrey Bell
07/14/2011

On June 2, hours after he presided over a ceremonial signing of Utah’s Legal Tender Act of 2011, Republican Gov. Gary Herbert was called by an out-of-state newsman for his comments on the day’s events.  Herbert sent word to the reporter that he is proud that Utah has emerged as “a leader in sound money policy.”

http://www.humanevents.com/article.php?id=44829

UTAH GOVERNOR SIGNS GOLD & SILVER LEGAL TENDER BILL!
Utah has now become the first State on our list to actually enact a sound money bill into law.

On Friday, March 25th, Gov. Gary Herbert signed HB 317, the "Utah Legal Tender Act," into law.

The law recognizes gold and silver coins issued by the federal government as legal currency in the state. The coins do not replace the current paper currency, but may be used and accepted voluntarily as an alternative.

The law exempts the sale of gold and silver coins from the state capital gains tax, since you would simply be exchanging one form of legal tender currency for another. It also calls for a committee to study alternative currencies for the State and a means for Utahans to pay their taxes with gold and silver coins.

http://constitutionaltender.blogspot.com/2011/03/utah-governor-signs-gold-silver-legal.html

THE BILL:

http://le.utah.gov/~2011/htmdoc/hbillhtm/hb0317s01.htm

BILL TEXT:
http://le.utah.gov/~2011/bills/hbillint/hb0317s01.htm

Find some info here:

https://mtgox.com/merch/about

but mainly here: https://en.bitcoin.it/wiki/Merchant_Howto

Have you been to Utah recently? Gold is money.. and has been for the last 6000 years of our history, and somehow you know better?


What is money:

I didn't realize Bitcoin the software was bound to Bitcoin the word?  


I say let him do what he wants and if he actually manages to get some rights and tries to enforce them, we just switch to a different word  

I really don't understand what the big deal is? It's not like the Bitcoin software is bound to the Bitcoin word, lol..

It's so funny how most people are fking clueless when it comes to math.

The 50% threshold is a STATISTICAL threshold and has no real meaning since an attacker could already with say 40% of the entire hashing power have enough of a statistical chance to realistically try to attack the integrity of the blockchain. When a pool has 50% or more it just means it easier to do then if it had 40% but nothing really changed.

Remember, it still takes 6 confirmations until a transaction is deemed valid, so even if someone has 50% of hashing power they still only have 1.5625% chance of getting 6 blocks in a row!

If a pool had 40% that number only goes down to: 0.4096% which is only about 4 times less likely to happen but already a very real threat.



As you can see, it's not a big deal, because the only thing that having so much power allows you to potentially do is confirm fraudulent transactions which becomes increasingly harder to do with increasingly more confirmations. It was already possible when deepbit had 30% or 40% or 45%, the only difference was the difficulty of pulling it off.

do you also have trouble sleeping at night when you use knives since knives are used to butcher people, or drive a car since cars are used to run over people, or hey use paper dollars since paper dollars are used  finance drugs, child porn and terrorism?

GTFO troll.

Not only that but mtgox, even though they plan on changing that, still only shows 0.73/1.73 of the depth table. That's right you only see the bids that are up to 27% under spot and you only see asks that are up to 73% above spot.

At least with TH we see the whole depth table.

I really hope this idea get's a lot of support!

Interesting. Almost 3 weeks ago I posted this exact same thing and look how many people showed their interest back then: http://forum.bitcoin.org/index.php?topic=12842.0

I skimmed over flexcoin.com and couldn't find an explanation of where the interest they pay on a positive balance come from. Did I miss it? If not, does anyone know?

LiveUSB makes a whole lot more sense to me.

Yeah well, can't you read?:

Also, check here: https://mtgox.com/merch/about