I needed something like coinkite's auto-funds forwarding feature, that splits incoming payments into percentages, but their pricing model scared me away (and I like having control over my own coins).

I started to realize that a surprising number of bitcoin-related startups and services really just provide some simple behavior that responds to transactions on the blockchain. For example, satoshidice listens to the blockchain, runs some code, and reflects the profits back. I realized it would be cool to let ANYONE in the world make these kinds of services (like splitting or budgeting) for themselves easily.

What I wanted really was a /scriptable/ wallet. Wallets that would do whatever complex stuff I wanted, like custom budgets or taxes or donations to charity. Stuff like inheritances or escrow services.

And I didn't want to code those things in python or another language...it would be too complex. Too many un-needed details. I started thinking about what kind of programming language I WOULD want to program my wallet in...

So a few days ago I decided to make it:) CoinRelay is a daemon and scripting language for coding up custom wallets that respond to incoming transactions.

You can use it to set up auto-forwards, gambling games, inheritance contracts, dead-man's switches, and all kinds of other stuff.

Let me know what you think!

Link: https://github.com/Steve132/CoinRelay

Coinbase is probably what I'm going to use.

bitinstant has been having some problems lately, I would not trust them at all right now.

The article is very very good.  Everything the interviewee said is SPOT-ON.

Re-linking here to save it.
http://contrariancompliance.com/2013/06/18/most-bitcoiners-are-unaware-or-in-a-state-of-deep-denial/

> 0.25 bitcoins is equal to 25 what?

Basically, metric prefixes are used. (mega = 1000000,kilo=1000,centi=1/100,milli=1/1000, micro=1/1000000),

https://en.bitcoin.it/wiki/FAQ#What_do_I_call_the_various_denominations_of_bitcoin.3F

From that page:

1 BTC = 1 bitcoin
0.01 BTC = 1 cBTC = 1 centibitcoin (also referred to as bitcent)
0.001 BTC = 1 mBTC = 1 millibitcoin (also referred to as mbit (pronounced em-bit) or millibit or even bitmill)
0.000 001 BTC = 1 μBTC = 1 microbitcoin (also referred to as ubit (pronounced yu-bit) or microbit)
One exception is the "satoshi" which is smallest denomination currently possible
0.000 000 01 BTC = 1 satoshi (pronounced sa-toh-shee)

No, because paper wallets store the private keys on the wallet, which means the person who gave you the wallet or manufactured the wallet would remain having access to the funds.  As soon as you accepted the payment, they could drain the paper remotely as you were walking away!

Bitcoin (the non-paper version) is a payment network...just use it.

So, I understand the need to do this, but it really makes a huge pain in the ass.  Everything I learned about bitcoin I already learned from OTHER places.  As anon, I've ALREADY read bitcointalk for 4+ hours. 

Just do like reddit does, or do a 24 hour limit and ban everyone who doesn't comply.  That+ captcha.