It will likely be a roller coaster until after the sale.

Buy low, sell high.

I have no idea what the low will be.

I have no idea what the high will be.

Wars last only a few months when limited money is used. When the government pumps out unlimited money wars go for years.

Poverty and income inequality is produced when inflated currencies are first given to the haves who then pass the inflation onto the have nots.

Lack of rules does not stifle innovation, waiting for governments to catch up to technology is what stifles innovation.

Government corporations are a thing of the past. Welcome to the future.

Ahh, ok...this is just the 29k bitcoins. I thought there were over 200k.

I agree, with just 29k they will be bought up quickly. And hopefully we will have new rich people in bitcoin.

Keynes was such a great guy. If only his theories were taught in our schools and his theories touted by economists and government agencies.

I'm about as big of a bull as anyone but I can see this sale dropping the price by quite a bit in the short term.

They're taking in minimum deposits of $200k selling in 3000 bitcoin blocks.

As they get through the first few millionaires they will have a lot of bitcoins left. Those that only deposit the minimum might be able to get 3000 coins for $200k.

That's less than $70 per coin. I'd sell $200k worth of bitcoin to get in on that deal.

Of course, there's a risk that you pull $200k worth of bitcoins out and pay the taxes on it only to not be able to buy 3000 bitcoins at the auction. You've just fucked yourself.

When my brother was a kid he saved up his money to buy a clock radio. Back then, as a kid, it took him a while to do it.

He still had that radio when he left high school and went to college. He shared an apartment with a bunch of potheads.

One day the cops raided the place and found drugs. They took my brother's clock radio. He didn't have any drugs in his room.

He asked for it back but it never happened.

There is an auction on the 27th of the Silk Road coins.

There is an auction of the Silk Road coins on the 27th.

You should put all of your money into Euros right now.

With negative interest rates you will be able to enjoy some great inflation.

Gold as a currency for thousands of years and then being usurped by an oppressive government is a great indication that the scarcity model does not work for money.

There are like a billion dogcoins created per hour. Your 100,000 dogcoins were created in one second.

Since it is an inflationary currency the best thing you can do with dogcoins is get rid of them as quickly as possible. The fact that you lost them means you do not have to hold them and watch them become worthless. If you have ever lost a penny you lost something with more value.

I believe they are limiting it to hotels first and expanding depending on how that goes.

Which is fine, http://www.cheapair.com is good for booking flights in bitcoin.

Paying for hotels is very much needed, it would have saved me about $200 in exchange fees for my hotel stay on my last trip.

I will definitely use this. Often.

If there is no momentum going into the next phase there would be no way it would jump to $1800 two weeks later.

I still see it rising that high...some stability at this price is good for fueling the rocket.

Yes, this will be even better. My goal with BitPools is to eventually have everything decentralized. But with a concept so new I believe some hand holding will be necessary early on.

Mike Hearn is working on a decentralized version and I hope it does well and if possible I would like to interface with what he comes up with if possible. Just like I wish to eventually use BitMessage for all communications, but for the new user who has never used it, a simple centralized forum interface that they are used to is a good start.

Competition is healthy.

As is said time and again. Having an idea is great but the execution is key.

Implement it and do it well.

Not true.

The voting system in BitPools creates a list of vote addresses and distributes an address to each of the voters. The list of addresses is then encrypted and made publicly available for anyone to download.

Everyone votes by sending bitcoins to their address, then when the vote is over the private encryption key is brought out of cold storage and made available for everyone.

Anyone can then decrypt the list of addresses and verify on the blockchain that the results match the BitPools results.

Waiting for verifications does not matter because as long as you get your vote in with a single verification (within seconds) before midnight then the vote is counted. This can be easily be checked on the blockchain.

As for a 51% attack. That is why Bitcoin is the best for voting. It has the highest amount of computing power behind it, the alts aren't even close.

As far as this idea goes...stay tuned...

I did not create a tool for voting with bitcoin for nothing.

What a sad world you must live in. Free yourself.