I consistently hear good things about Chile.

Think purchasing power, not notational value.

Yes. I'm curious, though, how they manage to do that with an extended downtime on their node. Do they route all incoming deposits directly to cold storage or do they route incoming deposits to the hot wallet and only move some of it to cold storage when it gets too big?

In that case they should just route the transaction through: http://blockchain.info/pushtx

Their problem is that their wallet and their blockchain database and their network code are all in one package, so they can't generate transactions because they don't know which outputs they have to spend.

Once those three things get separated it become a lot easier. If you've still got a working blockchain database, and you are keeping track of which outputs you've spend and which you haven't, then you can generate the transaction manually and use the pushtx feature on blockchain.info to broadcast it if need be.

It's a proof of concept, the kind you need to start with in order to rapidly develop a new application, but it's architecturally unsuitable for production use. As the Bitcoin ecosystem grows up, companies will be forced to migrate to something better suited to their use case.

These alternate implementations do things like separate the blockchain management from the network communication from the wallet.

It means you can do things set up clustering on the various pieces for better performance and load balancing.

You know, grown-up software stuff.

Services needing high uptime should really look at switching to one of the alternate implementations (Bits of Proof or btcd).

The Satoshi client is a prototype, not an engineered final product.

Just change your bank password immediately after completing the verification.

I'm glad somebody finally did this. There's a lot of potential in this model.

I don't remember a rocket. I thought they used some kind of Jules Verne cannon thing to launch themselves into orbit.

There wasn't even a GitHub project up back then.

The first time we got above $158.49 on the weighted daily price back in April we were only up there for four days. It will be interesting to see what happens this time around.

I've never seen such a feature. I don't recommend that people leave their bitcoins in the custody of third parties anyway - you should be doing that kind of thing from your own wallet.

It's based on your verification level (time + identity docs). Max is 50 BTC per day.

Yes.

Expect to have problems with orders getting randomly cancelled for being "high risk" because you tripped some kind of anti-fraud trigger until you talk to somebody who can get your account whitelisted.

Expect official communicate through their email support channels to take 1-2 weeks between replies, or within a few hours if you PM Olaf through this forum.

Coinbase is not really an exchange, it's more like a two-way Bitcoin vending machine connected to your bank account.

Yes. I don't sell there, but the Sell tab is right next to the Buy tab.

There was a flashback scene where a rocket launch has to be aborted at the last second because somebody was doing maintenance in a part of the rocket about to be rendered uninhabitable.

It lead to this scene:

http://www.youtube.com/watch?v=O7PpWXpWnLo

That was 8, not 7.

I just had a FF7 flashback.

I bet if you do some digging around on LocalBitcoins you'll find people willing to do cash deposit to bank account sales with high enough limits to accommodate the volume you are talking about. A bit of asking around is necessary because frequently those kinds of ads are not public - they are only shown to buyers on the seller's "Trusted" list.

Otherwise, just bite the privacy bullet and use Coinbase.

I wonder what kinds of new ATH animations Bitcoinity has queued up and ready.