https://mtgox.com/users/withdraw: "If you live in the US or EU we can send it to you by direct deposit. Minimum withdraw amount in the US by direct deposit is $800. There is no fee."

Has anyone used this before? I would like to know if it is reliable.

1) What would happen if one attempts to send an amount of coins to an IP address that isn't running the program?
2) What would happen if one attempts to send an amount of coins to a invalid Bitcoin Address?
3) What would happen if one attempts to send an amount of coins to a Bitcoin Address that nobody owns?
4) What would happen if one attempts to send an amount of coins to a Bitcoin Address that used to be owned, but has since been abandoned (recipient stopped running the program, or deleted their wallet)?

I thank answerers for expanding my knowledge.

Hello. My understanding of Bitcoin is not perfect, so I would like to ask questions about its operation. When Generating, the user will gain 50 coins after creating 120 blocks. Why does the program continue generating blocks after that point? And why does one not gain another 50 coins after generating 240 blocks?

Also, I sent a few coins to someone to test the transaction system. Even though it was just a few coins, that transaction's status currently reads "166 blocks". It seems that it will continue incrementing indefinitely. Why is this?

I thank responders for increasing my knowledge.

It occurred to me: Bitcoin is supposed to be about anonymity. Couldn't one further protect their anonymity if they could use Bitcoin from any random computer, not just their own? In other words, why not make Bitcoin a Portable App?

At the moment, the Bitcoin wallet resides in %appdata%\Bitcoin. For a Portable Bitcoin, it'd need to be saved on the flash drive.

This would raise additional security concerns, naturally. Most notably, what if the random computer tried to copy your wallet from the flash drive? The wallet would need to be encrypted. So it would be a good idea if wallet encryption was added, and the user had to enter the wallet's password to access it. Bitcoin would also have to be careful not to store the plaintext wallet in memory, in case the random computer was spying on its memory.

What do you think?

Hello all. I've decided to give Bitcoin a try. As a test, I want to see if I can make $1 USD from selling a picture. According to this, 500 Bitcoins should roughly be a dollar (after PayPal fees), right? If I understand this correctly, I should be told the Bitcoin Address of anyone who Sends me Bitcoins, right? And you have the ability to attach messages to the Send? If so, then I guess I could Send 0 Bitcoins in return, with a message containing a download link for the full image. Is this how things are supposed to work, or am I mistaken? To get the picture, please send the coins to me and then send a Private Message stating the time you sent them. I will reply to your Private Message with a link to the picture.

The image I'm selling is my own creation, with a resolution of 1280x960 - great for a desktop background. Here's a low-quality preview:


Anyway, it's been a pleasure to meet you all. My Address is 1BHtsCnpmTvpgJEP7eMKEVhpJFunxSM8vq. If this generates any interest, I could offer some more of my pictures...