Eh, you want to tell me how you know how many nodes "the authority" has? And how many there are?

The rules are already on my computer, no one can change them. If "the authority" changes his rules, he'll be ignored.

You can distribute software.

If you are thinking that there are some rules written somewhere other than in the code you are running then you are wrong.

Nice, I used to read LRC. He's got a lot of readers.

This is a problem. I got an email saying someone had bought .1BTC for $.061. I don't really mind the tiny trade, but maybe you should throw up a small minimum. The real problem is the my balance now says $.01. Is that my balance? It shouldn't be. But since it says it, it kind of should be.

You should do something so that that doesn't happen any where. I just got a long string of 9s in the bitcoins sold field.

That's really not barter. If you strapped some logs together with some vines would you say you bartered them for a raft? Someone else has to get something in order for it to be barter.

We could say that we build coins because they are valuable to us.

I've been playing the aristocrat slots because the jackpot is huge. I thought I noticed that I was mispayed for three double bars, but thought maybe I missaw one of them. This time I got a screen shot.

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Who's money are you going to destroy? Wouldn't the way to get the money to destroy be to sell the basket of goods?

That's not how it works. If fewer people generate, then generating will be more profitable because the difficulty will relax.

Not to mention the people who generate because they like to have anonymous easy money, or have substantial Bitcoin savings and want the system to keep working.

Um, am I confused? You would restore your backup because you lost your wallet. So I backup, spend, loose my wallet. The backup is not reliable, I don't have any change keys.

I have to back up the wallet after every transaction, sent and received.

I just thought of another possibility. If I know I will never be using smaller units than .1 BTC I can churn my balance until it only contains tenths. Now I backup and can spend in increments of tenths without needing to make a new backup. Bleh, until someone sends me a 50. Does anyone know if I have a 50 and 3000 tenths if it will always use the tenths first? It ought I would think.

Some people bought houses for bad reasons. If you buy a house to live in and the price falls absolutely nothing changes, you can still live in it. If anything you might get lower property taxes. If you were buying houses to flip, speculate, whatever then you were wrong this time and you lose money. You ought lose money too because you were the reason too many damn houses were built.

And another thing. If houses fall in value and you need to move you pay less for the new place also.

It's an interesting question, but I can already get many things for BitCoins, everything really, since I can get USD for them. I love some Mises, but if things happen that a theory says don't happen then the theory is wrong, not reality.

I don't think it's to much of a stretch to say that some people started offering valuable goods for coins because of a future expectation that the coins would be a money. I mean they are limited in quantity, easily transferable, and private. They have desirable attributes. Okay, my final (for now) answer is that they actually were a valuable thing as soon as they were created. They have properties people want therefore they have value.

It should be obvious that this is not the case. Voting "yes" almost always gives the government more power, and who is voting "yes"? Members of the government. Who are each people, who look after their own interests as they should. We should follow their lead and look out for our interests.

I'm and I'll pay.

22 for me please

Okay, gotcha now.

This seems super cool. I have an android, I do not have a headless client. I do have a computer I can dedicate though.

Sorry, I got distracted, and now I need to go to bed. Hopefully tomorrow night (20ish hours from now)

Are we having any PayPal charge backs? I heard people can charge back for a long period, it would be awful if someone did thousands in transactions in a month and charged it all back. What is PayPal's procedure for this? How will we show goods provided?

When we send PP are we okay to do it as a gift to avoid fees?

Are you considering a way to keep trader's USD on site if they want. It seems silly to buy coins with PayPal, pay fees, sell coins, pay fees, repeat. If I could just move a chuck to a safe, no fee place I would trade a ton.

What is the check on the managers? Why can't they just issue themselves credits?

Craigslist freeloaders are the people who actually buy stuff, is this right?

I'll try, I just downloaded realfibs. My name is FreeMoney.

edit: just realized it's been two hours since you posted, let me know if you're still here.