No, not really.  Austrians don't have problems with double backing, which is what a gold currency with a fixed convertability into Bitcoin would be.  Austrians only have problems with currencies that arise in an unnatural manner, such as every fiat currency in the world.  A gold standard is better than an unbacked fiat, mind you; but the best answer is to remove the monopolies that 'legal tender' laws grant to a particular national currency and let the actions of the people determine what they naturally trust.

BTW, those of you who assume that others whom you interact with on an Internet forum think like yourselves, should try to remember that it's is highly likely that you are being offensive to the very people that you are trying to amuse.

We had 2 times, past 2 years that someone told people to get their money from the bank.
It ended in that one bank got bankrupt (there where already financial problems, people getting their money from the bank helped it to get it bankrupt). The other bank (ABN AMRO) ended in the hands of the Dutch government, because if that one would go bankrupt the whole economy would be severely damaged and even more banks would crash. I think banks have to have at least 7% of their money in free available form. In the latter case only a small percentage was withdrawn (government even raised the insured amount of savings in case a bank would go bankrupt (to 100,000 euro if I'm correct)).

I personally think less 3D is in order. It's ok for it to be "abstract" in that it doesn't look exactly like a coin...I would posit that it would be better if it doesn't try to look like a real coin...after all, we aren't dealing in real coins...we are dealing in BITcoins

Does it even have to be a government to do this?

Sorry, I only have 305 in my PP account. But anyway, I feel that MtGox dollars aren't one-to-one equivalent to PP dollars.

I'm not sure I understand what you mean.

I actually am one of the few who believes that the USD is near to a major rally, so I'm wondering if that might have a slight bearish effect on Bitcoins relative to the USD. We aren't there yet though, but we'll just have to see if such a rally occurs how BTC reacts.

My thinking, however, is that the phenomina may be unrelated. Many assets go down when the USD goes up (and vice versa), but I think that's primarily due to the deleveraging/releveraging process. Nobody is borrowing USD to lever-up on Bitcoins, so I don't think they would be effected that greatly by a increase in dollar value.

The best argument for a long-term Bitcoin rally is actually fundamental. 21M Bitcoins is a very limited supply, so it doesn't take a huge amount of market penetration to revalue them much, much higher than today. Of course, like any market, it will be a rollar-coaster ride along the way.

So in conclusion I'm extremely bullish on BTC long term, but over the shorter term (a few months perhaps?), I'm waiting for some sort of a USD rally here just to see if there's any correlation at all with Bitcoin valuation.

What I'd really love to see is some momentum indicators on the charts to help time buy-ins

I'm looking for someone who will exchange my MTGOX USD into PayPal USD or PayPal EUR.
I'd like to see a nearly 1:1 exchange rate here.
The exact amount to exchange is 344.72 USD.
Since PayPal has chargeback I need someone with good reputation on this forums.

As it has been said on some other thread (I forgot which one), bitcoin doesn't really need to be mainstream to be successful.  It can't be compared to esperanto for this matter, imo.

As long as there exists a community that provides convertibility of bitcoins to other currency, it won't matter if you can't buy a hamburger with bitcoins.   Think about gold :  I dout I could go in a McDonald's with a gram of gold and buy a menu with it.  And yet, gold is of course successful (especially nowadays).

Of course, it will depend on the volume of transactions the community can provide.   But such a volume won't have to be huge, imo.  Actually I'd also like to compare it to collector's stamps.  Those are really a niche :  very few people collect stamps and are willing to pay a lot of money to acquire it.  And yet, I heard that some jews during WWII were using them as storage of value (much easier to hide than gold or diamands).

I'd say that bitcoins are even easier to hide than stamps


PS.  I don't say that I wouldn't like bitcoin to go mainstream, though.  Of course I'd like that.  But going mainstream is not a requirement for bitcoins to be considered as a success, imo.

Current offer (10/27): I buy Bitcoins with my Poker Stars at a rate of $.13/BTC, up to $200 for now. $5 minimum.   We trade in parts.

Or, he just bought 1,000 btc at MtGox and wants to scare the market higher. If so, I want to buy 300,000 too 

There is a problem with this approach.

Sooner or later, when generating coins becomes too expensive in both bandwidth & processing power, network will be easily overrun by governments, botnets, crackers & other attackers with powerful connection & hardware.
They will also try double spending attacks & different attacks.

The problem will only get worse as there are more and more transactions. So it is better to think of a solution now, instead of cry when the crisis hits.

You're missing my point, I'm just saying it would be pretty easy to overpower the network as a whole, and even make money doing that.

And yes, maybe a couple of geeks will run to the store get a couple extra GPUs to get the fat transaction fees, but my opinion is that the network would be much safer with mandatory generation on the client with at least 10% CPU dedicated with low priority.

Only operators with the proper key can control the robots.