To win the prize, you must live 1 month off of purchases denominated solely in bitcoins.  This means:

Shelter, Clothing, Food, Heat, Water, Utilities, Transportation, Entertainment, etc.

Basically, if you pay for something, you must pay in bitcoins.  Buying pre-paid cards denominated in dollars, euros or pounds is NOT allowed.  Receipts will be helpful as a matter of proof; a daily blog about your Bitcoin life would also be nice (but where did you buy that computer?). If we clean up the details of the competition I'd be willing to fund 200 bitcoins of this person's life.  any other charitable forum members interested in backing this idea?


EDIT: Bitcoin's ball is rolling just fine without this bounty.  I pull my bounty offer and everyone else's that was on this post. 

How'd you come up with that conclusion from this poll? 

I am trying to match my future liabilities (BTC-denominated rent, mortgage, car payments, groceries, children's education) with assets (BTC).

mean, standard deviation, etc don't supply much info on your difficulty vs time charts.   slope of the moving average line is more meaningful

+1

150 GH is the majority of the network's global computing power.  There goes the neighborhood.

i didn't want to step in, but kiba, what does your first reply have anything to do with nickwit's original post about calipers???  i thought for sure you would eventually edit your  post recognizing your impoliteness, so i haven't said anything.  but come on, give the guy a break, he's just trying to sell his (really cool) product for bitcoins.  Nickwit, you should post again in "We Accept Bitcoins" http://bitcointalk.org/index.php?topic=30.0 and make sure the forum moderators add your website to the "Trade" page of bitcoin.org.

"bet both sides to protect yourself".  not sure what you mean.  can you give an example?

jesus, bruce, where you been?  you went all uzbekistan on us and didn't show up again.  i've donated to the musical to help them fund their show!  others should do the same.

I may or may not have been the first person to download the wallet.dat file from hippich's website.  Send me 2 BTC to find out in a private message.  If I was the first person and you mention this post, I will send you 1 BTC.   

1mtGA3ibZcS5zMYaVqZ2EXshdLm9jSoms

I'm tired of hearing "Yes, but until I can pay my rent and buy my groceries in bitcoins, they will never succeed..." 

Is it legal in your country to design a contract between landlord and renter where the payment exchanged is denominated in bitcoins?  Is this any different than asking if the payment could be denominated in some non-native currency?  How about in gold bars?  Where are the landlords on this forum?  Where are the lawyers?

TTBit-
pm me with bank details and i'll do the trade.  clearcoin is my escrow/clearer of choice.

TTBit--

I will sell you 7500 of your call, buy 7500 of your put and buy 5100 bitcoins at a price of .42 USD/BTC as a package. If you don't want to do the 5100 bitcoins, that's fine too.  let me know what you want.

That email probably took 30 minutes to write.  At that rate, it would take 250 hours to generate 50 bitcoins, or about 10.4 days.

Recognizability is an A.  I think FreeMoney and I disagree with how you've defined "recognizable".  If I send you something, the network either recognizes it as a bitcoin or rejects it with near 100% accuracy.   To define recognizability, as you have, as something that is widely accepted is to say that a currency should be recognized if it is recognizable.  I think you either drop the category completely or you lump the better definition with unspoofability.

http://brucewagner.wordpress.com/2011/01/17/employment-hiring-job-in-namangan-uzbekistan/  Alright, I give up, what are you doing hiring someone in Namangan, Uzbekistan?

Big assumption here:  "assuming that freedom of speech includes the ability for anyone to send any packet to anyone else on the internet....".

London here

jgarzik, that is a very good introduction to bitcoin indeed, but both radio interviews have specifically asked "who creates this digital cash?" or "how is it minted?", and that's where I feel Bruce stumbles the most.  Again, I suggest approaching the answer from the point of view of two users wishing to make a transaction.

Bruce does a great job in general, but i have one request for the next talk show.  This is the second time that when the host asks "So what *is* Bitcoin?", Bruce sounded exasperated before even starting the explanation.  There were lots of sighs and heavy pauses which conveyed an "oh god, this isn't going to be easy" type feeling.  I say, try a different elevator pitch!

I would recommend that rather than using the "combination of three technologies" speech, try starting from the point of view of two people in a bitcoin transaction.  that goes as follows:

I have a bitcoin-- nevermind what it is-- and i want to send it to Bruce.  The network wants to verify that I actually have a bitcoin to send to Bruce, and then record that transaction.  Normally for dollar transactions a central source provides that type of work and charges a fee, a la Paypal or Visa.  Well here it's a network of hard-working computers.  And the lucky hard-working computer who correctly verifies the transaction between me and Bruce gets awarded some bitcoins.  Who gives that hard-working computer the bitcoins?  The network does.  Where does the network get the bitcoins?  The network agrees, upon downloading the bitcoin application, that if a computer works hard enough to solve the transaction verification problem that they get a digital token as proof of their hard work.  And that's where bitcoins come from.