First of all, I would like to thank the Bitcoin community.  Without the support and guidance of many of the members here, I would not have been in the position to be able to return to school and work on my masters in computer science without taking on more debt.  From the pioneering miners and programmers in the early days of GPUs to the economics and speculation subfourms.  As some of you may have noticed, I have not been very active this past semester.  I'm sure there are many more who have never seen me post.  The reason I've been absent is because this semester I joined my school's team for NASA's Robotic Mining Competition.  NASA puts on this competition every year to help promote STEM education as well as to learn from a diverse set of teams.  Before I bore you with the details, you can watch our final run at the competition.  I am the tallest one at the interview afterwards.

http://www.ustream.tv/recorded/47930259

We had some minor communications issues at the beginning which is why it took 45 seconds to start, but we now understand what is wrong.  We simply weren't able to fix it in time for the run, but once we started, autonomy doesn't need communications.  Even manual control saw little lag.

As you can see in the video, our team took first place in mining.  We also took first place in outreach by devoting nearly 850 man hours to reach more than 4000 students throughout the year.  In addition, members of our team also fielded questions from visiting students and students from around the country via skype.  We also won second place for our technical demonstration and slide presentation.  For our technical presentation, we brought in our previous year's robot as well as this years and showed the changes we had made.  In addition we demoed the localization algorithm I focused the majority of my efforts on using real data we had collected from driving manually in the arena.  The top prize money at RMC is awarded based on a combination of mining, presentation, outreach, team spirit, and a technical paper.  We did not place in the top three for our paper or spirit, and this kept us from getting enough points to win that purse.

I'll cut to the chase.  There is a good chance this will not happen again next year.  Our school is involved in several robotic competitions, and our sponsorship money is spread too thin.  The other competitions have larger purses and the prize money is determined purely on technical merit.  As you can see in the video, our robot has several stickers.  Bitcoin stickers could be placed on the Robot and could also possibly be placed on the scoop or dump bin, which are very visible on the video feeds within the arena.  Personally, I like the idea of it being revealed as the dump bin is finally emptied.  We could also put a Bitcoin sticker on our tool chest, which is at the edge of our pit, where school groups, astronauts, judges, and any other guests of NASA's Kennedy Space Center's visitors center browse throughout the day.  I really have no clue what it would take the make the project happen again next year, I would have to speak with my advisor, but he is travelling for the next few weeks.  I do know the total cost this year was $30,000.  So, for $30,000 or potentially less, Bitcoin could be the primary sponsor.  This included all the parts and materials, transportation to and from the competition, as well as the hotel and food.  Additionally, I have been teaching computer science courses and labs for the past four semesters.  While this is rewarding, I would prefer to devote my time to this team.  I would put in 40 hours per week with 10 for outreach, 20 in the lab, and 10 at home working on code.  During the last 4 weeks before competition and during competition I will probably work 60 hours a week.  Would with some extra funding I could have a research assistant position.  Our university, colleges, departments, and any vendors that provide discounts will of course be featured as well but Bitcoin would be prominent.  If you are interested in supporting us, please post how much you would be willing to contribute.  If there is enough pledged, I will talk my advisor into another year.  I personally have a Casacius Series 1 Bitcoin that I will contribute if we can secure enough funding.  I will auction it off in the auction subforum.  If you have any questions, I will try to answer them in the next few days.  I just got home after 12 hours in the van and then unloading and I have had very little sleep this week, plus I am visiting a friend for a couple of days when I wake up.

Here are some photos of the rockets, the shuttle, and our outreach award.

https://plus.google.com/u/0/112701554024958242778/posts/BNB2W3P2D6y

All of the judges are NASA engineers and scientists and they primarily take notes for their own education and to share with their various labs.  For example, one of the judges we talked to explained how our robot helped open his eyes to the fact that digging your wheels in can be an advantage rather than something to avoid.  He will take this knowledge back to his lab where they design the actual rovers that go to the moon, mars, and hopefully one day soon, an asteroid.  I have some ideas on how to  improve our traction even more.  Additionally, I am confident I can get that thing to move much quicker and dig much more autonomously.  We actually have the capability to deposit autonomously as well, but it couldn't mine as well as the human operators and it would only gain us the equivalent of 33.3kg.  We can usually mine that in one run, but as you saw our operator got too aggressive with the scoop and tipped forward, dumping much of the regolith we had collected.  I believe I understand the physics of the problem and we should have that fixed in the next year's design.

If you donate to my signature address, please understand I am under no obligation to use those funds in any particular way, although it will probably go toward living expenses.  This post will be updated later with an official donation address once enough pledges are made and my advisor approves the sponsorship.  I am, however, trying to finish my thesis this summer while I freelance.  Any donations or job offers would be appreciated.  I would prefer something that utilizes my expertise in probabilistic simulation.  This includes particle filters, genetic algorithms, and physics simulation.  I prefer payment in Bitcoin.  Now, I'm going to sleep for a day.

So you've made massive EUR profits yet you bitch and moan like you lost something.  If you are investing in mining for btc profits you are doing it wrong.  Mining and mining companies are a hedge against falling bitcoin price.

Right, he is confusing increasing gains along shrinking measuring stick (fiat money) for prosperity.

As Adam Smith wrote, landowners are the only stakeholders in a capitalist economy that don't suffer from productivity gains in the long run.  (Read Smith's Weath of Nations for why.... it is public domain by now.)  Stakeholders outside the economy will obviously not be effected by it (except possibly by pollution), so I don't really see your point there.

Now, whether or not what we have can rightly be called capitalism is another question entirely.

To stop legitimate transactions, they have to be willing to pay more in fees than the legitimate transaction senders.  If they are willing to pay more, there isn't much we can do but wait for them to run out of coins.

I don't know about Uranus or Pluto since Jyotish (Ayurvedic Astrology) doesn't acknowledge them and that is what I have studied, however little it was.  I can say that eclipes are highly regarded as times of great opportunity for advancement.  Ultimately, Jyotish focuses on liberation of the soul from the wheel of karma so it focuses on potential spiritual advancement, although the opportunity is available on many levels depending on what you seek.  Eclipses also concentrate the two major gravity forces on earth.  With a lunar eclipse, they are opposing.  A solar eclipse has them cooperating.

As for Jupiter, the Sanskrit is name is Guru as in teacher.  Gu: dark, Ru: light.  Guru takes you from darkness to light.  Another name is Bṛhaspati. "This element indicates vastness, growth and expansion in a person's life. Bṛhaspati also represents the balance of past karma, religion, philosophy, knowledge and issues relating to offspring. He is concerned with education, teaching and the dispensation of knowledge." - http://en.wikipedia.org/wiki/B%E1%B9%9Bhaspati
Mars is Mangala.  "Mangala represents drive and physical energy, self-confidence and ego, strength, anger, impulsiveness, heroism and adventurous nature. Mangala rules over blood, muscles and bone marrow. He is associated with battle, war and soldiers." - http://en.wikipedia.org/wiki/Mangala

Edit: Rahu and Ketu are the names for the two intersection points of the lunar and solar paths in sanskrit.  Eclipses occur when the sun and moon are at these points.
http://en.wikipedia.org/wiki/Rahu
http://en.wikipedia.org/wiki/Ketu_(mythology)

Give it a month, we'll be back to highly volatile soon enough.

Using your methodology, arbitrage between BTCLTC, BTCUSD, AND LTCUSD will inflate LTC volume.

http://en.wikipedia.org/wiki/ISO_8601

Dates are formatted like this so that sorting them by their alphanumeric representation will put them in chronological order.  As such, longer time periods precede shorter time periods.

They don't have to understand it.  They just need the people who do to make it easy to use.

Wow, such rally.  Many value.  Woof.

The problem with that assumption is that mining ROI varies from location to location.  In China, it may be the case that fast, stable internet and large amounts of clean power are expensive.  And by clean, I don't mean environmentally friendly, I mean stable voltage and current.

When it tripled to $3 in a matter of days, I sold so many BTC...

No worries, it was a small percentage of my coin.

If I could trust your fiat payment method to be irreversible (which I couldn't, except for cash in the mail, and I will accept none of the risk for such an attempt), I would sell you up to 1 GoxBTC for $400, deliverable when withdraws resume.  However, the last price on Gox only matters if you have money on Gox so long as withdrawals are down.  As for me, my gox liquidity bot is still running, but the order size is just a couple bucks and I'm down to 2 digits of fiat.  Just waiting for things to straighten out, or fail completely.  Picking up pennies in front of a steam roller, praying for it to stop because there is no other way out of this corner.

You know the problem with modelling based on brownian motion, yet you still encourage it.

There are much better models that can generate price series data that is indistinguishable from actual trade data developed by Mandelbrot and others.  Using normal distributions/brownian motion is pretty much useless and can easily be picked out as computer generated.  These models are power law based and build off of http://en.wikipedia.org/wiki/Zipf's_law .  If you still think brownian motion based models are useful, you really should read the first chapter of Mandelbrots book, "The (Mis)Behavior of Markets".  He really destroys any case there ever was for assuming normality and independence in the thorough fashion of a research scientist, by going back to the original papers and rigorously disproving their assumptions with data.

Also, what does brownian motion have to do with the butterfly effect?  Dynamical systems that are sensitive to initial conditions will indeed produce large divergences with small changes in initial input.  That is what is being characterized by the butterfly effect analogy.

Any educating I have done on these forums has been rehashing information that is already publicly available and easily found with a google search.  People are just lazy, and if the want to learn they need to put in some effort themselves.  People who already know the details are busy working on software and platforms to increase usability and flexibility.  Tutoring newbies isn't the best use of our time, and we didn't have anyone do it for us.  We took some initiative to seek out what we desired to know.

Also, having been around since 2010, I can say unequivocally that Bitcoin doesn't need sales and marketing.  Bitcoin needs software and systems.  Without those, it won't even keep pace with natural word of mouth growth.  Any sales and marketing at this point is putting the cart before the horse and only adds to volatility as speculative rent seeking usage outpaces transactional usage.  Bitcoin sells itself, and anything you might want to know about it is already in the public domain.

Exactly.  Start with the assumption that most traders lose money and build from there.

They said Thursday.  However, they did not specify which Thursday.

Or, you know, when my bot's bid gets hit, it immediately places an ask.  There are many such bots.  But conspiracy and manipulation is more intriguing I suppose.