You have to remember that is in its essence is a political movement and much as its a commercial movement to bring power back to individuals.   

With that said, you need to have a intellectual group in this movement to help give guidance and work through issues that will come up at some point.

Case & Point: Occupy movement, it was doomed to fail because it was a movement with attributes that doomed it.   1.)  A leadership-less movement, no consensus, no real goal to achieve, means there is no endgame place.   2.)   No real straightforward message, it was a movement that had no single purpose so that is could be anything to anyone, this means in effect it was nothing to no one.   They had many low hanging fruit they could of went after to build credibility and that would increase exposure and in the end, give them more political power to affect change.

We need attainable goals politically as well, ones that we generally agree on.   Something we repeat to all media so it is to give us a consistent message.   Almost daily I read more "hit" stories on Bitcoin about all the bad things it is or can be used for.  If we don't stand up and say, yes that can happens in dollars and bitcoins but that is not what or why we do this, we will just be branded that way and that makes it all the easier to bring draconian regulation against this growing movement.


Thoughts?
Dalkore

That's all fine-and-dandy if you can manage the risk.

It is also a good way to get bitten.

i find it quite amazing how mtgox has, since last yrs hack, locked things down security-wise.

How is he going to know who's money is who's if there's no backups?

I don't have any money there myself but I would suggest having a poll to decide which charity all the money should be donated to.

I've been watching the total hashing speed daily and i've noticed it fluctuating between 8.9-14.7 th/s, and looking on the forums for an answer to what's causing it. Does anyone have any ideas other than botnets? Almost a 40% drop seems a bit much to chalk up to pools and/or personal miners losing connectivity.

The market price is not solely determined by production costs.

Everything be up today!!

Even if you were right in all your points, the only conclusion to draw from this would be that Bitcoin is pointless. If it cannot withstand the state, there is no reason to use it. Taxation will allow the state to sustain itself, and regulation could eliminate the transaction cost advantage Bitcoin has. Bitcoin would cease to exist. So even the hardcore pragmatic can readily conclude that an attempt to legitimise Bitcoin in the eye of the state is self-defeating. There is even a certain level of naivite in believing that lobbying protects you from the state. The target of lobbying is not the state, but your competitors.

The most rational approach, in my opinion, is to maintain the current "not illegal" status and stall regulation attempts until the fiat money collapses.

This video is very important.   He really underlines the risks of bitcoin and why is will have trouble really becoming mainstream.  The serious thinkers and supporters of the Bitcoin project should watch this video (I have twice) and contempt what he is saying.  I used to work in the ACH department of a major bank (top 5) and he is correct on the point that having that centralized control gives you "a lot" of power.   I handled mainly Vegas casinos and state lotteries and you wouldn't believe how much money I would transfer on a daily basis.  

If we are really honest in our support of this system as a way to lower transaction costs and provide a true alternative.  We will need to start looking at self-regulation and paying our taxes proactively to show we are serious in being a viable member of the financial community.   Sure, I would love to think we will just be allowed to grow and continue to be un-regulated but in reality, that is not the case.  What we can control is what we do as a community to help shape this upcoming regulations so we can still innovate.  

If you are in the camp where you think, "f*** that, money is mine and I can do whatever pleases me", then you are going to wake-up to a reality sooner than later and then you will have to make the personal decision if you want to still participate in the market will surely will become more underground unless we step up and start dealing with the major issues on why Bitcoin will have hardcore rules made against it with stiff penalties to boot.   I have some ideas I want to explore.


Thoughts?  Please bring your friends on here into this post and lets get a discussion going, we need it.


Dalkore

What if Bitcoinica was nothing more than a venture to gather market data from a target audience?

Maybe they just don't need you anymore...

What if Bitcoinica was nothing more than a venture to gather market data steal Bitcoins from a target audience?

Maybe they just don't need you anymore...

If you don't know mailinator.com, it a disposable email service with no passwords. Just pick any email address and you can check that email box. Emails stay in the inbox about 12 hours before being deleted. Lots of forums and sites have blocked it's domain though, since they don't like anonymous or spammy accounts, so I set up MX redirection from the domain we.lovebitco.in to mailinator email servers. You can also do this with your unused domain names.

1. Go to mailinator, type a inbox name to check the email address mailbox,
2. You can use inbox_name@we.lovebitco.in or the alternate_address@we.lovebitco.in when signing up for spammy sites needing some email confirmation
3. send the mail box some test emails and check it out.

Money sees the State as damage and routes around it. This is the fundamental truth of Bitcoin that will completely disrupt the business of money transfer and benefit billions of people world-wide.

I will post information here as I receive it.

28 May 07:00: Discussion right now is centered on the nature of selecting payess. There is the question of what nature the system for choosing payees should take with different people favouring 1 of 2 approaches (one is fast and unreliable, the other slow and reliable). I can't say more than that for technical reasons. Everyone wants to pay everyone back, but have a differing opinion how it will work.

Wait to upgrade; the Cydia app isn't working for me either.

Right, read 275+ comments and scroll through 14 pages to find the answer to a question. I am going outside now.

Just been trying to catch up with the claims process by reading this thread.      


The shit fight between bitcoinicca consulting and zhoutong is NOT very inspiring. Frankly I don't give a shit about that stuff. Haven't read many of the latest pages of comments.



Has there been any real information about when we can expect our claims to be actioned ??

Has anyone had money refunded yet ?

So now that 5.1.1 is jailbreakable untethered for the 4S, I went ahead and updated.  The app store version was working except the profile page didn't have my email or settings in it (only the wallet identifier was shown).  I uninstalled the app store version and installed the Cydia version, but it crashes immediately.  Any ideas?