I'm pretty new too, but I want to clear something up.

When you generate you are looking for valid blocks. Right now a block gives you 50 coins. Every 4 years (exactly or approximately?) this will decrease by half. This means there can be an unlimited number of blocks, but only 21 million coins.

I don't really get it, if there was a group of 11,000 UFO researchers who called themselves UFORO and spent hours every night searching would they get no article unless someone who did not want to join took them seriously enough to write peer reviewed papers?

I think BitCoin has great potential, blah blah, but that doesn't matter. Thousands of people are doing something that's at least moderately interesting. I can't see what the harm of putting a neutrally worded article in the worlds largest encyclopedia is. It isn't like the thing is going to get to heavy to sit on a shelf.

n/m

Unless I'm misunderstanding, we know the coin can be traced through BitCoin addresses, but that doesn't tell us who or even how many people have had the coin.

Sure the site makes money off of hosting, but having a big spending loser will attract others, which will give the site more to rake. ;-)

Of course, my prediction is that my predictions are bad, so what's that worth?

I'm playing there now.

I think it can be taken care of naturally.

When you propose a prediction you spell out all terms in detail, including the judging fee. When X judges have volunteered you randomly pick a subset of them and let the trading begin.

As a judge or bettor I'd be most comfortable with very clear terms. If judges only get paid when they agree with a majority then judges will prefer easy to judge terms because they are much more likely to get paid. It doesn't have to be a simple majority either. Maybe 3/4 or 7/10, this can be specified in the details.

I expect standard forms for terms would emerge and would be self reinforcing because it's easiest to predict how people will judge in established formats.

If someone gets this up, I promise to lose a lot of money predicting all sorts of things inaccurately.

KYTrader, you say to email with amount sent and address sent from afaik you can't see that when money is sent.

Ah, just realized you might not be planning on using that to verify who sent, but only to know where to send refunds payments to in the future.

I think multiple peer judges who don't know who each other are until afterwards and get paid for choosing the same way as the majority might be a good way to go.

There's no way to do this is there?

I'm fairly concerned about this. I really don't understand though. Can't transactions get arbitrarily badly backed up if there is a limit to the size of the transactions file? 113k so 13k carries over, 122 in the next time period plus the old 13 is 135 so 135 carries over etc. Isn't it a huge problem once we start averaging hundreds of thousands of trades per block?

Wait is that money poison for all time or does it get reduced somehow?

Can you get transaction fees without finding a block?

I'd keep almost all cash and no bank balances if I could get paid in cash and didn't have to cash checks and if I didn't need to fly in order to move; I can't expect TSA and other Feds to leave me and my stuff alone in an airport.

Even if BitCoin is the hugest smashing success ever and one hundred millionth of a BTC buys you a 10oz gold bar someone can easily invent a payment system for smaller amounts. It can be based on the same sort of cryptography, or better cryptography, or something totally different. And if you like it you can buy some of it with your super valueable hundred millionths.

I agree that reactions to this 'problem' that I've seen are bizarre. It's the farthest possible thing from a problem.

"Nooooo.... what if tomorrow morning all my pennies can buy me mansions and sports cars and I can't find a saw so I can't buy any bread. Noooo..."

When laws are bad, I recommend breaking them. Still at your own risk of course. But risk isn't so bad.
 

Interest rates are just another price. They are the price of money now in terms of money at some point in the future. The market can determine the price of money just like it determines the price of onions. If no one is interested in 2-5% then it will be 10-12% or 30-35% if no one wants to lend for less than that and no one wants to pay more to borrow then there won't be such a thing as lending (I think that's about as likely as everyone deciding the production costs of onions are more than they are willing to pay, but what do I know?). 

I don't think this is so good because there is no one market rate. There are and will be multiple exchange markets that have different 'last' trades due to different closing times, down times, random large orders to buy or sell pushing prices temporarily apart. Arbitrage seekers will move them together over time, but while the markets are so thin you can have moves of 20% in minutes.

I think it's best to quote a price, but note that it's subject to change.

Maybe when buyers make offers in terms of BTC they should give an expiry time or date at which they are no longer committed to buying at that price.

You actually found servers to rent at a price to make this profitable?

I have v3 w/ no forwarding and never get more than 8.