Thank you for the kind words.
So it all boils down to never risking more than one can afford to lose. As sensible strategy for a lot more than just BitCoin transactions. Also, I looked into the prisoner's dilemma. Quite an interesting bit of social commentary to be made there. For you literary pleasure:
http://en.wikipedia.org/wiki/Prisoner's_dilemma
Thanks again for the information.
-cheers