When they realize how difficult it is to get anyone else to mine their scamcoins, they will understand that early adopters didn't just get free money.

"Since altcoins damage Bitcoin"
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I think the price will go up with the Scoville scale. Right now Bitcoin is a pimento. It won't be long before it will be a red hot chili pepper.

Is there a way to prove this has been done? If you can offer the customer a hash that proves the funds are locked away and not spendable, they would only have to trust that you would send the funds after the waiting period.

Krugman is just mad because FinCEN recognizes Bitcoin as money.

If there was a way to use the nTimLock feature, you could escrow the bitcoins for the 120 day period. I wouldn't use a service that just held my coins in a wallet due to the fact that they may fly-by-night like so often has before.

Y'all can cheat w/o the spouse finding the cc charge.

Daytraders don't care what the price is. They make money from volatility and are sometimes able to use tricks to cause it. Yes, daytraders could have been using small trades to make the price jump at strategic points.

I don't think it is about confidence in Bitcoin, but confidence that a trade will go through at the price you want and not get lagged out. This price drop is a vote of no-confidence against mt gox. Either they need to fix it or quit offering the ability to trade and just become brokers like coinbase.

A family member insisted on buying at 150. I offered to help cash it out when it dropped back from 250, but was told to just hold and that if it drops to 30 she'll buy more. Most investors stay in the long game.

Right now mining is at 8.43 blocks per hour. I wonder if ASIC mining and over supplying Bitcoins is affecting the price.

Revolutions require a crisis to take hold. It's the Shock Doctrine. When the current system collapses, there will be a stable system already in place to take over. In fact, open source in general will replace disaster capitalism.

Poes's Law.

Still high trading volume, but no lag. The big difference between now and a week ago is the price is going down. I guess the DDOS attackers don't care if that happens.

OT, but if you love trivia, you might check out the Stevens Point Trivia game this weekend. It's too late to register a team, but you can still play along for fun. http://www.90fmtrivia.org/

Indeed. Not much has changed since the last bubble at 17 to 8. It has been celebrity hype that drove this last bubble. That seems to be gone.

Heh, I see that. Trivia games like this are too easy with google.