We have no idea how this market will level off after a bubble burst like this.

A drop in price is outstanding if it means people stop mass purchasing of graphics cards so we can see a drop in difficulty. Unfortunately I fear the rest of you crazies are just as stubborn as I am and will keep mining even when the exchange rate can't pay for the electricity.   

I guess we can at least hope for a bit of leveling off in the hash speed growth rate.

I think this is true to a certain extent. It's currency if the PEOPLE believe its currency. If bitcoin takes a huge hit and doesn't get destroyed it will be stronger.

You know, when the price goes up from time to time now, it's just the guys who have already invested and are trying to save their investment by buying more and creating some green spots on the chart. They're gonna lose more that way...

looks like more of a correction

I personally hope it. Bitcoins should be used for commerce and not for speculation.

Not likely... you could find out if that is true looking at the blockchain, but I imagine far less then 20% changed hands multiple times as people thought they were buying up at the bottom out.  There is good money to be made here as some people fall to fear, and the price drops farther then it should.  If only I had some money available to buy in now!

You just have to make sure you have enough rails to power each card, that's all I'd be worried about, unfortunately I purchased a PSU with only two 6+2(8pin) pin power connectors and I can only fit two cards, now i gotta go out and buy another one.

What he said, http://blockexplorer.com/

Make sure your firewall is set to allow connections.

It takes awhile sometimes.

release of 1% causes a 110% price drop....

i just had to register after reading this idiotic post...i can't believe op is saying trickle down economics works.  are you stupid?

all I got from this is that your buddy needs to ditch his GF regardless because she's just into him because of the $...

gotcha...

Fair enough, you have more finesse and patience than I do

Perhaps it would be best if governments went away completely.  Time will tell.  In the meantime, I would like to escape from it.  

When I first started reading the forums, there was broad support for freedom from monetary theft.  Since then, there has been a surge in forum posts supportive of making bitcoin work with government and their tax systems.  I wish those who want to do this would fork the block chain and make tax-compatible-bitcoin, rather than changing bitcoin to be something different.  Not that it really matters.  If it gets bad enough, I'll have to either fork the chain myself, or join someone else's bandwagon, but it is vexing.    

I'm going on 24 hrs to get a payment from slush..... Received one before that took nowhere near as long.

let's not be hasty here, there are variables that affect this, "usually" around 30 seconds, but sometimes it'll take longer...

but really whether it's through inflation or taxation, the current monetary system enables theft.  And as far as I understand it, that's what bitcoin was designed to stop.

I don't think it's possible to legitimize bitcoin in the eyes of governments whose operation rests on constantly inflating the money supply.  And I'm unconvinced that the people who worry about paying taxes will see bitcoin as legitimate when government is publicly decrying it.

You're correct sir, fees are deducted as soon as your deepbit account is credited with the previous block's earnings, so what you see for your balance is post-fees.  I have mine set to 1BTC instant payout, and I get exactly 1.00 BTC transferred to my wallet.

cent

This is the worst idea I've read in the past three days.  The point of bitcoin is to get AWAY from this crap.  If you get your jollies off reporting your employee's income to the USG, use $.

Be safe from instability caused by fractional reserve banking and central banks. The limited inflation of the Bitcoin system's money supply is distributed evenly (by CPU power) throughout the network, not monopolized by banks.

both excellent points.

and even if hoarders just cash out to buy a house and a ferrari, it's peanuts next to the wealth created by finally having a currency that doesn't inflate.  they richly deserve whatever rewards they get.  even if bitcoin fails I wont regard early adopters as scam artists.  they invested their time and money at great risk to try and get a new system off the ground.