Yes, instant transfers, when is the last time you waited more than 10 seconds to see a transaction in your wallet? Instant confirmation of security you mean? not alone but it does it... I've only been studying Bitcoin for a year now, but with other systems it will do the impossible I am sure of it.

BitTorrent: Secure downloadable blockchain.
BitMessage: secure anonymous communication with no location data possible.
Alt-coins/Microcoins: Provide different vectors for Cryptocoin adoption, new functionalities and test beds for features.
Hadoop YARN: Secure Distributed blockchain/ Distributed mining for scrypt based POW
Namecoin: Decentralized DNS/ content distribution.
Open Transactions: Instant transactions and pretty much anything else that can be done in finance.
Keccak: Secure Cryptographic function, excellent data compression system, Magnet link hash distribution.
Industrial Internet of Things:  Instantaneously programmable actions across M2M, B2B, Micro Monetary control of assets, autonomous corporations, 100% efficient wealth distribution.
magnet links: Micro distribution of content, even pay per share content.
Monetas: Phone based bank distribution network.
Ripple: Grass roots wealth exchange.

Put these all together and other open source technologies I have not seen yet and the possibilities will be endless.

Considering what Bitcoin does, does what Gold does, Functions as Cash, is insanely programmable... this thing is a game changer... final absolute Valuation.  15 Trillion dollars... it does everything that other systems do, better.

current market valuation 9 Billion dollars... Don't worry you guys are still early adopters.

I just saw the post, thought I'd reply to the OP.

There is a solution to that, Bitmessage. it is a message service that uses a blockchain, everyone sees what is coming in but only the person with the key can unlock it... no one knows who sent it or who received it. It is pretty cool try it out.

bitmessage.org

The incentive is huge when you go deeply into the details of it's construction... you can setup escrow transactions, you can create your own contracts, pay anywhere without giving out information.

In the business world it would be most apparent of course, considering all the checking that has to be done and the restrictions as well... try purchasing something from another country. For most western countries it would be no problem to do so within the country, but if your purchasing something from outside the country, your credit card will be checked, the purchases funds will be moved immediately to another bank account to avoid a chargeback... chargebacks happen both ways, they can be innitiated by consumer or merchant.

I've heard and delt with all the horror stories, having worked retail.

customer gets robed by staff who memorize their credit card number
customer gets no products from online store, has to do a chargeback but did not know it was possible.
international customer has to do a money transfer from England to Canada takes a week to do the wire transfer.
South American customer needs to pay for a item, waits a week to get the funds to go through several banks to get to Canadian bank, because communication system are severely faulty.
Customer gets funds locked on a credit card purchase, customer and merchant can't pay for item because transaction won't go through until the lock is removed automatically 3 days later.
customer has to give out credit card information, personal information to online merchant for subsciption... wastes 10 minutes going through the process to read an article.
Merchant has to do back ground checks on international orders for fear of fraud.
merchandise cannot be shipped until funds have been confirmed into the secondary bank account.
etc

all this fear... all the worrying and hard work required just to do a purchase. Why not just pay in Bitcoin, wait 10 minutes, ship merchandise.
If you want faster transactions the Open Transactions library can be used to create off-chain verified instant transactions and if something goes wrong? Got scammed by a bogus company, server went down, hackers stole the coins, the OT servers can implement a multi-signature system for removing the coins from within OT, your coins will be returned to you since no one else can spend them. And the OT servers have no limit on how many transactions can be made... want to make 1 trillion transactions a day? that's fine

The infrastructure to create truly 100% verifiable instant transactions is there, there is just a bit of work to be done to make it more user friendly, but the technology is there.

and also, on the economics side... if you know about bitcoin and you live in Argentina or Zimbabwe, are you going to stand by while you watch all your money lose value? destroying your way of life, not just of yourself but your whole country? This is a voluntary action you need to take, the government doesn't have to be involved to save your money. Some countries have gone directly to the Euro or the USD. on a world wide scale BTC will be accepted by those who fear losing their way of life the most because of inflation, all these small currencies across the planet losing value, how much are they all worth together in dollars?

If a proper infrastructure is created, Safe transactions, good merchant clients, Trust worthiness ratings for merchant addresses, merchant verification signatures, instant verifications... why would we need banks, when everything that a bank provides can be safely implemented from within your own home?

How much is the Bank infrastructure costing the economy? 10 billion world wide? 100 billion? 4 trillion dollars a year!!  that is massive... just imagine the savings. everything you buy could be half price, more movement for the economy, the speed of money will be 1000's of times faster thanks to removing this banking bottleneck to the economy.

and i'm not even getting into the possibilities of the blockchain, ownership verified products, legal document time stamps, open sourced corporations, Decentralized governments, etc.  All we have to do is just get all the features that people want into the software... It's open source, the best fit for your needs is what you will use.

It won't be the first world that sees the true possibilites of cryptocurrencies it will be the poor countries that no one wants to do business with, provide credit or money services that will start to piece the economic infrastructure together, they will finally be able to be part of the world economy and purchase goods from around the world from the safety of their own homes.

the alt coins, balance everything, they spread the coin in different ways, this is good. Bitcoin is the premier coin it is designed to the limit of it's designers understanding. I've looked at satoshi's work and I must say this team/or person did not do things lightly, the design was deliberate... a honey pot to bring the worlds top 1% in intelligence towards it.

I am pretty darn sure, if all parameters are taken into effect...(the spread, the fact the software is open source, the fact that pools sprang up so quickly in bitcoins upstart)  that this is experimental, but it was counted on that the community would solve the problems within the coin... any coin can update with any other coin free. In fact I think a lot of the flaws within bitcoin were deliberate, to see if people cared enough to fix them.

Bitcoin will spread, it is designed to spread, just slowly weans off the miners into reacting properly to the fee signal... but probably not until ASIC manufacturers are well established and there are exchanges across the planet that atomize the spread of Bitcoin... once it is sufficiently spread, the network effects of mining will show up.

if you only have Fees to survive on how is a Miner going to react... a diffused deceleration of conglomeration? complete control of the network by a monopolizing agent? or complete distributed control of the networks hash power?... what happens if everyone connects to a 100 percent decentralized mining agent? Going beyond the 51% attack... doing the 99% attack.

Hmm , no choice, we must start our own pool with a fairer distribution, all transactions accepted here.. unless you pay more.. hahahaha!

but in all seriousness, as far as I know the blockchain limit creates an incentive to mine and can also serve as a signal to rev up ASIC farms, if the transaction volume is there. Currently with the block reward that is not possible, It'll be another 3 years before the reward gets halved, no hard fork required.
   It all depends on the growth of the network, currently the system is creating a conglomeration of ASIC miners, offset by the control of giant mining pools doing what is in their self interest; But as ASIC manufacturers rev up and Alt-coin establishment is pursued it will diversify and accelerate stabilization of decentralization, ie. the ecosystem will stabilize bitcoin by sheer ownership distribution and accesibility...

don't worry about it, in a few years the ASIC distribution will spread, the lack of a block reward will shut down over extended miners... as the block reward halves and Alt-coins thin out the wealth of the network, mining will  need to be leaner meaner to properly take care of transactions. ASICs will not be a problem once everyone can order one. the balanced solution of the network is found through trial and error and through the entrepeneuring and courageous acts of individuals striking to find the best solution.

Make your mark man... just do it, find the coders, to test this solution, you never know if you could find the winning solution.

The halving of the block solution is there for a reason... the network has to spread but it has to be able to survive on it's own eventually.

just hashes, like magnet links... it's linked to devtome, but you just find the content instead of duplicating it.

I was quite shocked at the suddenness of it... I don't know what other people have been doing to spread such ill repute all I can say is wow!

It very likely could have been caused by someone spamming devcoin.com, must of been some serious spamming.

so I'm happily talking to my cousin on Facebook in a private message.
I tel him,
"Hey man you should come check out this website, devtome.com"
next thing I know, a popup comes up saying this website is blocked if you disagree tell me your reasons."

so I go ahead and dispute it saying hey, this is a wiki, nothing more. Press Ok

BOOM! you are suspended from Facebook.

What the hell?

anyone have similar experiences on Facebook?

I think people should try it out, see what happens... your going to get suspended so make sure you know your secret answer or know your friends.

Man, your awesome. if we can get a clear growth pattern happening that is a win-win for sure...
Wow I have to look into that.

http://blockchain.info/charts/trade-volume?showDataPoints=false&show_header=true&daysAverageString=1&timespan=all&scale=1&address=

The data on the logarithmic scale shows well supplied capital liquidity... and a clear growth pattern.

http://blockchain.info/charts/market-price?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=1&address=

total price is increasing but seems to have changed it's tempo, probably caused by media attention, there is a big lull when confidence was lost in 2011, but slowly returned.

As far as I can tell it's where it is supposed to be for the slope of growth at this time should be stable at 1000.00 by 2014.

yup very good idea

I was thinking of that, the post idea is pretty good, we always need good human judges of work. What if we posted hashes of our work through a browser add-on that connects to Devtome? We sign in to the Add-on it connects to Devtome and we simply highlight what we want hashed and send it to Devtome ... this can create far more content. It just makes it more managable to share work anywhere. Plus we can easily advertise and guide others to everyone's posts over the internet not just Devtome... lots of marketing opportunities.

Wow thank you very much, Clojure, sounds like a great idea.

I'm currently just researching parameters to modify to create an experimental coin, just basics, modifiable blocksize, reward, mining distribution/organization, peer allocation and distribution of blockchain... also brain storming on modifications to the block structure, direct user to user interaction and collaboration, anything that can be modified I want to know what happens for future coin designs.

I'm learning Clojure right now, it sure as hell beats making Bots from C++... difficult.

There has to be movement for the coin to have value, otherwise the economy stagnates, no one can do anything with it, less and less people have it or know someone that does... It has to spread to a certain % for it to be valuable. the more people can easily get it, spread it, use it, the more opportunities there are to spend it as it grows, more pressure from millions more people. It will grow, yes but be smart about how you spend it, and the more stores accept it, the less it will be hoarded.

they just gotta get the coins in their hands, to see how valuable they are, It's just better money.

You only live once, how many of us will go to the limit of what we are capable of? To the edge with maximum fury, intent and determination, no fear, no surrender.

While the price was High I bought some gifts for family from bitcoinstore.com . A few computer parts and that's about it... not bad for just 1.5 bitcoins.

hey man, making money wasn't the point! It was for the people! for the Revolution!

We busted our ass making this perfect for the people of the earth and now your telling me
your going to dump on us just like that, thanks for the help.

This is a big thing, are we advertising in the right places Devcoin?

Art shops have to know about it, high school teachers need to know about it, anyone who is a hub for connecting developers/writers need to know about it.
So that's it, Get targeted advertisement to get the word to spread, get as many supporters of art as possible, we only have Devtome right now, but it's for the
greater creative effort.

so who wants to start posting into the Devcoin advertisement materials category on Devtome? pictures, videos, pamphlets, writings, personal opinions, anything to show who we are in a spot on Devtome that anyone can find, If each one of us makes one piece we can have everything done in no time; We just have to play it by ear, Devtome is Jazz not a symphony, make what you think Devcoin needs or provide your insight, share it on facebook with your friends, talk about it in art forums. Wherever our kind of people are is where we should be looking.

Devcoin came from the Cryptography community, just a fringe part of it's core, interested in writing, art, philosophy, you name it. We got the technical
know how to get all these new communities that we too are part of to become part of the revolution.

the regular movements are happening in the morning and the afternoon... this is a regular sustainable movement, people are buying it from the BTC strong holds Europe, North America... the extreme movements are happening during the midnight and high noon hours, someone with a lot of cash from Asia, they are no doubt trying to manipulate the market.

it's off peak hours for standard trading... someone wants that price to move violently. Quick! take all the speculators money!

I have been looking at the movement through mtgox, cavirtex, vircurex, someone was trying to move the price up too quickly to 900.00, but didn't have the volume necessary to maintain the run, but so far the price is moving as expected according to available liquidity on the exchanges, too many exchanges to manipulate one so drastically... 900? come on! it was just moving past 500.00.

But the pace so far is sustainable... we have to observe the movement of altcoins.

litecoin has already had it's upsurge... but it has greater liquidity than fiat, so well see it move slowly but surely upwards.

so which altcoins are left? peercoin, namecoin, devcoin... these will have their upsurge soon,

http://coinmarketcap.com/

I'm going to be purchasing Devcoins as much as I can with my bitcoins... of course i'm going to hedge my bets only the coins I believe in.

we can definitely prosper from this, so... lets change the tempo.

I heard MarkM had some kick ass ideas up his sleeve, we don't need the details but I think a announcement on where we came from, where we are and where we are headed is called for, a Devcoin state of the union address, to let people know we are still here building what we believe in, and they can be part of this too, thanks to the low low price of Devcoin.

I'm going to write my first article on Devtome on this, hopefully I can put my best literary eloquence to good use.

Price has reached 900.00!! It could be a bubble, it moved too damn quickly... a 900.000 dollar correction, would drop it down under 100.00 at this point... to stabilize at 300.00, but if it can be sustained...

At this point, we need media, we need businesses that accept Bitcoin to be very easily accessible... whatever the Bitcoin community has built so far, will have to do and this new surge has to be advertised and catered too, with the newly available funds that this boom has created ASAP. Those ATMs can't get on the ground fast enough, and everyone better start investing atleast a quarter of what you have, I know I am. I'm buying ASICS, shares and buying some goods, 50% of what I got is going that way, the rest for the future.

I really hope we can sustain this level of Market Capital; If there is a drop, it could turn into a cascade as people try to cash in before it drops... lets just be happy with what we have achieved a small loss in price now, is better then a torrent of dumpers.

on the positive side if we can go beyond 1500.00 the price will be stable at that market capitalization, 18 billion dollars... that will be very nice to see.