let the OP carry on, let him spend his funds with each transaction deducting the fee.

slowly making the OP poorer and the miners richer..

each block does NOT contain details of every address ever used... each block simply shows transactions. so if i do not use my address for a week it will not appear in a weeks worth of blocks.

but if you are taking a 25 satoshi fee from me every time a block happens then my address would appear in every block. thus ADDING to the blocksize.

secondly all i read your idea as, is a way to get peoples private keys. why would we need you to maintaine our addresses. that is kind of like a bank. which makes me wonder do you understand the whole point of decentralised. do you understand the whole point of bitcoin, its code, its ethos etc.

thirdly, when the reward decreases every 4 years the value of each bitcoin becomes more valuable purely because miners will not want to sell their rewards for anything less then an amount that will cover their lifestyle and bills. (in theory) thus causing the bitcoin price rise to compensate amount of bitcoins on the market (supply&demand) so in 40 years 0.01btc would/could be worth alot.

lastly worrying about mining profits is something that is not a problem for decades. so tell the idea to your grandkids, as its not something worth implementing now

time of posting pic coincides with the MTGOX drop for $160 to below $150

Edit ( meant as a joke, as some people take things a little too seriously sometimes.... if it wasn't obvious as a joke then please now relax that you now know it wasnt a serious market affecting event that will cost you dearly)

i never said it retargets with every block...

your going to find this happening.

with so many high speed miners jumping on each day creating blocks in under 2 minutes, at some point the network needs to even this out to a 10 minute average per block. causing an extremely difficult block to crack just to get things back to normal.

the other part is that mining pools are getting greedy some of them wont accept a transaction without a fee, leaving some transactions in a queue.. so dont expect the 10 minute rule to apply in 98% of cases for your particular transactions.. its the rule of averages, over multiple blocks

and wouldn't you have loved to have been the first and only supplier to offer liquor to your area, think of the potenial earnings you could make bringing an area something they could not get easily on their own.

now the same goes for VISA/Mastercard

would'nt you love to be the first payment processor to have introduced shops in your town to mastercard.....

now put those thoughts towards bitcoin...... 

your time stamp 02:50:24 PM
my timestamp 02:21:57 AM

i had to read the article and then quote a few passages, but i got there first lol

my philospohy is this:

to pay for something with debit card
    Customers:
    requires bank account
    required to be of certain age
    required identity papers, to be passed onto the bank

    Retailers:
    requires a merchant/business account.
    requires submitting company registration details
    requires a card processing providor and fee's

now

to pay with bitcoin
    Customers:
    download App
    find someone nearby on localbitcoins.com or mine them - no paperwork needed

    Retailers:
    download App
    find someone on localbitcoins.com or sign upto bitpay/bips

 

first of all:

retailers do not accept bitcoin because of

retailers acept bitcoin because there is less red tape then setting up a credit card system, less fee's then a credit card system, less headaches and delays.
did you know that when doing credit cards merchants do not receive the funds within a couple days, credit card companies wait until the end of the month and deduct 'fee's and then send to merchants.. bitcoin doesnt do this.

secondly a random new currency would go around and people would barter out a set price of value until everyone got together and found a average and collectively agreed value to use.. with bitcoin this is already done, so there is no letting the grocer pick a price for his apples and then have customers argue and barter as much over the value.. bitcoin already has a known value point to use..... the value from the main exchanges.

now the bit about wages,suppliers and the wifes fiat.

merchants do not pay staff wages with customers credit card debt, suppliers, wifes shoes etc all the same.. they pay in fiat.. which is the money that the credit card receives AFTER sending their customers the bill. the customers pay the creditcard company FIAT and that FIAT is passed onto the the merchants..

bitcoin is the credit card companies
credit card companies convert debt into FIAT
bitpay and bips convert bitcoin into fiat

the only difference is bitpay and bips do it faster, less fee's, less headache and less.. well less everything compared to a credit card company.

imagine it this way of why bitcoin is great for customers and businesses.
take starbuck as a future example of the way to pay (because they dont yet)
Credit card:
customer queues up, waits a few minutes, requests a latte, gets told the price and swipes their card.

Bitcoin:
customer sits at their table laughing at the queue of customers, scans a QR code from the coffe menu, presses send on their app.

to manfred

|}ruid is Dustin trammell

i actually quoted you an post that DustinTrammell donated to the bitcoin foundation as the username |}ruid and also the quote from the username of dustin Trammell..

so please read.

satoshi nakamoto is not druid and druid is not satoshi nakamoto

but please try again

secondly H.D moore is I)ruid not I}ruid ... check your 'blast from the past link http://druid.caughq.org/ it clearly shows a bracket ) not code-end }

so here  goes again
I BRACKET ruid =H.D Moore - no link to bitcoin
I CODE END ruid = Dustin Trammell - helped satoshi, GavinA and others

satoshi is a separate entity

nice try but satoshi is not Druid.. keep trying though

http://www.newstatesman.com/sci-tech/2013/10/bitcoin-may-be-let-loose-now-silk-road-has-been-shut-down



lets hope other media outlets have this mindset 

it was a good meetup, and a pleasure meeting you guys, some good idea's passed around. looking forward to what the future brings us all

the real answer to the question the OP asks is this.

at any one time there are probably only about 200k bitcoins on any one market which if every one of those coins sat at the sell order price of $140 it would cost $28MILLION to buy them.. but they're not all sat at a single order price, they are scattered up the sell wal at ever increasing prices.

at the moment clarkmoody shows there are 35k bitcoins on the MTGOX exchange with a sell point from £149 to $17,933,000,000 each

so ill leave you to imagine the costs to buy just 35kbitcoin in one swoop..  

now thats just 35k bitcoins.. not the 11.8MILLION bitcoins in existance..

mining 3LTC
then trading it in early 2012 when litecoin was fluctuating rapidly between 1c and 2c

dang i missed those days of rapid price movements, i turned 3LTC into 152LTC  (about 0.18BTC) in 3 days then soon after the price of LTC went from 0.002 to 0.005 and i was feeling top of the world.. and had my first BTC

..
but now the price has stabilised with maybe a 1% movement if timed right per day.... dang i miss the volitility

the SR arrest warrent of DPR mentions that altoid is DPR.. and thats how he was caught.. altoids email address was Ross Ulbricht@gmail

good speech but i prefer this one said 50+ years ago

http://www.youtube.com/watch?v=-RYlAPjyNm8

oil... thats only doubled in price in 5 years.. thats 20% a year...

.. but bitcoin.. well if i had some in 2009 and cashed out today.

but anyways i bought up in 2012 and im happy, definetly happier then a 5 year wait on oil

what you also find is that people that want to buy in while cheap, wont tell many people about it, thus keeping prices down. they will also spread fud to sway people away, again keeping prices down..

eventually once they have eating their lot and cant get anymore, they will change over and say its great everyone should buy.. to cause a ramp on the price.

its standard banking and stock practice.. whatever the 'advisors' say... do the opposite. usually advisors short term advice pays off but the bigger picture is the opposite.

EG
this commodity is tanking sell sell sell..

this in real world proper advice means.
dont sell at a loss, instead buy to average out the costs, to get more commodotys cheaper and wait for the flash crash to correct to be in profit.

i have just less then 24 hours ago had words with BIPS and hopefully they will come up with this solution