Awesome, the github link goes to litecoin, is this open source? Also will you add Smartcoin? This is a great tool for sure!

Make the coin cap HUGE (like 1337 billion) so that lots of tipping and good will goes on. Build a p2p pool within the client itself so that mining is super distributed and you can get fractions of stacys every minute by just installing a program and clicking "Dig it!" Make it only CPU mineable!

Money is an information system, if you back it by something physical you are not achieving the ideal.

You could make an alt that will generate a new genesis block at random after each block. The longer the chain the higher the probability of a restart. Put the 50/50 chance at year 50. 50k blocks per year, probability that 1 of those blocks resets the chain is .5, next year it is .51, would anyone use such a doomsday coin?

I think we should name it after the greatest musician of all time, Demi Lovato:

Introducing the DemiBit!

This thing is so freaking cool, I feel like Link who just acquired a new item. It's kinda like the candle because you can keep using it over and over. (Legend of Zelda NES reference)

I brought it to a local meetup and blew some minds, an average person won't care about long term storage, they walk away with new internet money on a piece of paper. I wonder what other cool things will come out of the Bitcoin ecosystem? P.S. looking forward to more alt coin support!

This sounds like a great opportunity, I'll keep an eye out, good luck!

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I bought a 1/2 toz round of .999 silver with litecoins on it. I used Bitcoin.

http://imgur.com/a/iWcG5

But...I would have to say that MasterCoin is probably the craziest thing I have bought with Bitcoin so far!

I hope things are going well with the wife and the kids, you seem like you are good at keeping a balance. Good luck on the project!

I wanna buy bananas with bitcoins!!!

strideynet I suggest you continue your pursuit of knowledge, especially figuring how what is right and what is wrong, and why. Use philosophy to get to the root of the issue, build your models on ideas as words have evolved to aid in confusion rather than clarity.

Related to Patty Cake: https://www.youtube.com/watch?v=Xbp6umQT58A

As a customer I am unpleased...maybe I'll complain to them but probably not =/

May we all remember the temporary solutions and keep an eye toward the future where Bitcoin is open and accessible to all. Thank you for all your work.

Such a well written piece, clear and quick at getting to the heart of the misunderstanding!

So wait are there 13 million shares owned by the public or 10 million? I was under the impression there are now 13 million, an increase of 30% total shares outstanding.

Part of the problem is the spectre of 87 million shares out there ready to be sold at any time. Back when there was a healthy buy/sell market, 3 million shares were sold by SD (not offered, sold onto the market). So who's to know when all selling opportunity evaporates since it is unknown publicly how SD will act. This is akin to the blockchain randomly awarding 100k bitcoins to the winner of a block, it screws with markets when all information isn't given beforehand, and it would make sense to just keep tiering up, ipo at .0032, .0034, .0037, price rose to like .006, so why not put up:

1 million at .01
1 million at .011
...
1 million at .02

Now SD would have a plan to sell their next 10 million shares onto the market at a natural rate as long as they prove themselves, and they have always seemed pretty confident about what they are doing. It may have taken years but at least they didn't dry up the market. As it turned out, investors are stuck with their shares now, hoping their dividends are worth it.

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