Still trying to figure out how this will cause a crash. (i've never played other markets).  If you loan someone 50k BTC plus interest and they have to pay you back bitcoins then how does that involve selling at all? Or are you saying that they loan in bitcoins but expect to be paid in cash?

this is just an idea but what if you offered some bitcoin bounty for a redesign of the site? I mean the appearance and organization and everything. like a 20 bitcoin bounty or something... bad idea?

I'm thinking about ordering that netbook. Offtopic question: can netbooks print the backup for the private keys on the offline armory wallet? Do I need to overwrite the operating system on netbooks with some linux variant to install the offline armory wallet?

I was looking on amazon tonight for a raspberry pi and a raspberry pi case. Just looking though.  I was thinking about getting one of the netbooks but it seems like a netbook might be overkill for an armory (offline)wallet. HMMM

My sister periodically sends money from here to germany and pays all the fees so I'm wondering....

If she gets coinbase linked to her account... and buys the bitcoins from coinbase then sends them to someone in germany... what's the best way for that person in germany to cash them out? I suppose they use Euros so it would be in euros?

NT

well when you buy bitcoins through them they essentially give you a microloan. For instance if I suddenly saw the price of bitcoin drop to 29 dollars again I could go on coinbase and buy some... even though my money wouldn't get there for a week or so. By then the price of the bitcoins might have risen several dollars but you still get them for what you paid even though they didn't get your money until a week later. I don't think that translates into *huge* orders. We are coming upon a time where people are going to be investing hundreds of thousands of dollars in bitcoins through an exchange like the new mtgox/coinlabs deal. So I think that coinbase is *meant* for your average american. not "institutional investors" . but by definition institutional investors are going to be the biggest part of the market since they have so much money. Just my opinion

I don't think they can possibly because of all the limitations they have to impose. I think they are meant for lower volume so they could never become the highest volume exchange that isn't their market area. 

I want to see ubuntu support bitcoin then they can integrate it into their mobile payment systems. Imagine how cool that would be.

a pertinent post I saw on reddit:

I agree with casascius and I'd even go further.. I think this is amazing news.  At the same time I am kind of sad with all this good news floating in too soon....  before I could get as many coins as I wanted.

i'd like to request a fluid layout (so it takes up the width of larger monitors like amazon/newegg)

http://bitcoinmagazine.com/coinlab-bringing-bitcoin-to-wall-street-with-mtgox-deal

 

It seems like every day I'm seeing several companies starting to accept bitcoins. Is it just me or is this a considerable change?

For instance today on reddit I see: Namecheap, 33Mail, .. okay just 2 I see but still!

edit: franksdomains
edit2: cisthene.com

NT

speculation?

If you ignore the aspects of bitcoin about security and such.. and just focus on the transaction part of the network... it appears that at any given point in time the transaction part of bitcoin is essentially always done by just 1 miner.

If you ignore mining pools and just imagine a bunch of individual miners hoping to get a hash lower than the target this is easy to see. Joining a mining pool doesn't somehow magically make the transactions have more capability with all that added power... it just guarantees you a sort of return rather than relying on the sheer luck of mining.

I don't mean to say this is a problem.... this is a scalability issue.. and it's probably unavoidable.

But you should keep this in mind when you talk about the block size limit because that is a scalability issue on top of a scalability issue. Now not only is the entire networks transactions being essentially handled by 1 miner at any given point of time... but the block size limits how much that one miner can include in his block.

With the progress of technology and the fact that we are doing okay now it may not seem like a dire situation. But the block size fixed at 1MB means we will not ever reap the benefits of improved technology and we will always be stuck at a level that is already below what the majority of people are probably capable of. That's just a guess.

Correct me if I'm wrong(or if I am misunderstanding). I probably am wrong but I'd like to know exactly how.... I have more reading to do .

Of course. Congress can also choose to become honest and not corrupt anytime they want as well.

/s

Basically Macau is a place next to china where they go to gamble. It's like Las vegas... but bigger. So why is it potentially so important?

From this article:http://www.foreignpolicy.com/articles/2013/01/28/broken_tooth_and_new_macau_gambling_china?page=0,1


Bitcoin could totally bypass these junkets.

another article: http://www.nytimes.com/2007/01/23/business/worldbusiness/23cnd-macao.html?_r=1&

From what I've read... I think macao is a huge potential for bitcoin. Why? Because they have issues with getting money back and forth across the chinese border. I read that they basically have to get paid once they are back in china since they can't bring money across the border or something.

C i am guessing

But I'm wondering if there is a point where they can't do that anymore?

if our income taxes go to pay interest on the public debt... and the public debt is increasing.. at what point does our income tax become not enough to pay it? and when that happens do taxes go up or does something else happen besides default?