Some inequalities are good and some are bad. It depends entirely on their cause. I think that people should be allowed to keep what they create and this means that if one person creates more than another he will also have more than the other. This inequality is good and just as far as I'm concerned.

If you build two houses and I only build one, it's perfectly fair that you have one house more than me.

Alright, thanks for clearing stuff up. I feel a bit stupid now though, both for my ignorance and for not posting in the existing thread. To my defense, I did try to search before posting but couldn't find any fitting thread for it.

So basically the entire network just got quite a bit bigger by 3000 Ghash/s. This can't be true right. And if it is is what seems to be the cause for this sudden and extreme new hashing power?

And that incentive is the same for every type of business. And while I'm sure that there probably exist some firms that partake in vandalizing their competitor's businesses, it isn't really that common.

It makes perfect sense. When you buy, it's a representation of increased demand from you and when you sell, it's a representation of decreased demand. The amount of time you are willing to withhold the coins from the market is absolutely crucial. If you spend them immideately the net result from you is pretty much zero. You have simply shifted ownership of the coins from one person to another.

The name for the prize is actually something like "The Swedish Riksbank's economic prize in the memory of Alfred Nobel" roughly translated. The swedish central bank created the prize by donating a bunch of money to the Nobel committee on their 300 years jubilee. I'm not sure on who is actually choosing the winner, but the prize is a disgrace to Nobel's will regardless of who it is.

Freemoney already kind of made my point but just that the banksters do something does not mean it's a natural tendency. I don't believe there is a natural tendency to commit fraud. Responsible people don't do that, fraudsters do.

The price could just as well go up over the price you guaranteed which means you are ate a loss. There is no such thing as a natural tendency to gamble with other peoples money.

Basically, a bubble is misplaced speculation. There is no doubt what so ever that a lot of the current value is speculation in a future prospering economy. Whether this speculation is misplaced or not, only time will tell, and that's what will determine if it's a bubble.

It's slightly dangerous to be able to change the unit in the send pop-up though. You really want to minimize the risk of over-paying something by a factor of 1000. I say it's probably better if this is in the options menu.

They gain by making bitcoin more attractive which makes it more valuable. I'm sure that fee-free transactions increases the price more than it costs to send a few extra bytes of data.

Link to the forum? It would be interesting to read some of the responses.

I'm not very familiar with Virwox and I won't bother with signing up. But does this mean that you can withdraw to paypal again?

This is why you probably shouldn't store your bitcoins at Mt gox. Simply trade there and withdraw to your own wallet just to be as safe sa possible. And when you want to withdraw, divide it into multiple withdrawals so that if something does indeed happen to Mt gox, you won't lose everything.

Considering we're still only a 20 million dollar economy and already the biggest distributed computing network in the world, how big do you think the network will eventually become?

Here we have a 200k BTC transfer on block explorer. I guess OP found a buyer.

http://blockexplorer.com/block/000000000000372744c19efaf112182bbed961a0fee0d89a6f04b4984e4f4584

I don't think there are any good tools for this right now, but it should be possible to implement if somebody would want to. However, for now, you could simply move your wallet.dat (your money file) from the bitcoin folder to somewhere else. Then, when you restart the client it will recreate a new wallet.dat for you. You would then have two different wallets and you could send money between them. You would have to be very careful not to overwrite any of the files while moving them around though.



Now that think of it, it would be very neat if the official client could handle multiple wallets at once, say you have a folder simply called wallet and you could have any number of *.dat files in it. That way it would be very easy to have multiple "accounts", like one savings account and one day-to-day account which you also use on your cell phone. I for one would really like this functionality.

Not if you were a server that responded instantly.

Read post #5 again. I really don't see the issues with that implementation. It leaves the shorter in control of the timing and the other part in control of the risk.

You are such a bear. 

I already explained how I believe it could work in post #5 of this thread. Basically, you don't lend them to me and let me sell them. You sell them for me (on the open market), while holding my dollars "hostage" and let me decide when to buy them back. This way you are simply gambling with your own money, since if you are wrong, the lender is still in full control and will force you to buy back the BTC if the exchange rate gets too high.