OK I will do it.

I will lend you 10 BTC.
You will pay back 11 BTC within 5 days.
If it goes over 5 days you will pay an additional 2% (0.2 BTC) per day simple interest on the principal.
You can repay to 1BurtWEejbnKeBRsvcydJvsNztB1bXV5iQ

If you agree post the address you want me to send the 10 BTC.

My "bank" might be able to help you out.  PM sent.

How much money is involved?  You can always contact casascius and he can help you for a fee.  He is very good at it and worth every bit cent!

Does he pay them all on the same day - because I believe mine is not due until tomorrow (1/31)

Back on topic, got the BTC, time stamp is 2012-01-30 17:52:21.  This thread is done for now!

I guess you are right.  That is why in a contract like this I always include the entire address.  Since I am doing that anyway I can just leave out the firstbits URL all together.  Thanks for the benefit of your doubt!

Notes: 

I am sure you are aware of the fact that if you generate another address that starts with 1BurtW firstbits will not confuse it with mine because mine is in the block chain first.

However your point that fisrtbits themselves might get hacked is a very good one.

There is also the possibility of a mistake in typing in the URL - that can be very bad for example:

http://firstbits.com/1bitcoin is a black hole, BTC never to return
http://firstbits.com/1bitcoins is a valid address owned by deepceleron

Very similar.

You are loaning me 9 BTC.
I will pay you 0.75% interest for each full day the 9 BTC is lent to me.
The interest will not compound.
To minimize book keeping on my end there will be no partial withdraws allowed.
You can leave it on deposit for as long as you want to but I reserve the right to give you back your principal plus accrued full day’s interest at any time after 30 full days on deposit.
When you want it back (or I give it back to you) I will pay you the entire sum, principal plus accrued interest, in one lump sum.

This makes your minimum interest 9 * 0.0075 * 30 = 2.025 if I decide to give it back to you after 30 days.

At this time I do not plan to give it back to you until you want it back.  The 30 day time period is just an escape clause for me so I am not on the hook for the rest of my life.

Your maximum interest is open ended as long as you keep the money in the account and I do not give it back to you after the first 30 days.

You can deposit the money into my public first bits account http://firstbits.com/1BurtW = 1BurtWEejbnKeBRsvcydJvsNztB1bXV5iQ

I will repay to 127i7LwMgT5WQTaxmGmRDtfWb9w2zZVpz1

Please quote this post and post the transaction id of your deposit so we can publicly track the starting date and time.

That should do it!

Wise no, cranky yes.

Details, details.  Anyway I think he is back on track now.

OK here you go the value of the hash is a function of the data in the block.  It is a very fancy checksum of a block of data, in this case the current block of transactions.  A hash is designed so that given all the data in the block anyone and everyone can calculate the same number (the hash).  So if you calculate the hash of the block you get a number, it you calculate it again you get the same number - but we want the hash to change every time we calculate it so we can hopefully, by random chance, find one that matches the current difficulty requirement.

That is where the nonce come in.  If I hash alll the transactions plus the nonce I get a number, then I increment the nonce and hash again I get a totally different answer for the hash value so the algorithm is:

Hash the data + nonce
Check the answer, if it meets the difficulty critera then done
Otherwise increment the nonce and go to step 1

I think the block hash has to be under the target and the block itself must be valid.  Isn't your saved block full of a bunch of old transactions?  Hasn't everyone else moved on to the next block?  Your saved block is rejected by the rest of the network.

Edit: after reading your post again I think your disconnect is even more fundamental.  What do you think a hash is?  Do you realized what exactly is being hashed when you generate the hash?

I have thought about this and noted that you can hide a much value as you want on one physical bitcoin in your pocket.  Or even better yet, with a deterministic wallet you can hide as much wealth a you want to in your head!

Good luck trying to seize that - well waterboarding might do the trick.

So you are at 110/100 on your first batch then.  Whew!  Worried for a second there.  Life is back in balance.

We need to clear this up quickly.  brendio do you have a transaction we can look at?

Hey fabrizziop,

I have seen you around and remember how you got ripped off by quartz92 - %$#$ scammer.  You are a very motivated youngster but what I really like about you is that even at your young age you know how to spell the word "I" (it is capitalized for all of you other youngsters out there - yes I know I am as old as dirt).  This is something that escaped all my nieces and nephews under 20.  They send me shit like this "uncl burt can i borow sum $ asap".

I will borrow the 9 BTC from you at 0.75% per day as a reward for being so well spoken and knowing how to spell the word I.  You can lend it to me for as long as you like and can have it back at any time.  I will give you my personal email and, if you want, I will even give you my cell phone number so you can text me if you need it back in a hurry.

The world needs more youngsters like you!

Burt

BTW this is a one time deal just for fabrizziop because I like his posts.

That was their very first post ever.  Kind of reminds me of the old joke about the kid that did not talk until he was 10 years old.  Something happened and he talked perfectly.  They asked him why he never talked before and he said "up until now everything has been ok"

How on Earth did you find that?  Are you just browsing the block chain for fun?

We could have a tag that says "LATE" but then would't people think you were dead?

This one is pretty obvious:  https://bitcointalk.org/index.php?topic=61781.0

FIFY