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1  Economy / Trading Discussion / Whats the best way to extract euros from btc? on: August 08, 2011, 11:34:50 AM
Tradehill-Paxum?
Volumes are very low on euros at tradehill... Paxum charges $2 at the ATM and $44.95/y for the card.

Mt-gox is slowwww....

Any other way to get euros for btc?
What do others in Europe use to convert their btc into euros?
2  Other / Beginners & Help / Howto setup minig for a windows machine, then exhange to euros on: August 06, 2011, 07:07:27 AM
A thing I have been wondering is:

Howto setup one of my machines (windows 7, geforce 9600 GT) to mine some small coin when I sleep.

That would be awesome.
 
Then, how can I extract those coins, exchange them into euros, and buy groceries  Wink

I would like to post a small manual about that on youtube to get more people involved: lots of greedy people will mine for a dime. (including myself, hehe)

3  Other / Beginners & Help / Loosing coins on: August 06, 2011, 06:54:34 AM
If more and more coins are lost over time, sooner or later, the resolution of the coin system will drop.

Maximum of 21 million coins.
Ever larger amount of coins 'lost' somehow (forgot walletpassword, computer crash, house burnes down, holder dies etc)
0.00000001 BTC is the minimum amount per transaction.

That means you can now buy a maximum of 2.100.000.000.000.000 individual 'smallest items' (when they are all active in the system).
You could say the 'maximum resolution' of the system is therefore 2.1^15.

Loosing coins does not just refine the perspective, as it should. A side effect, is: it looses granularity.

Every bitcoin lost means a never-to-be-able-to-recover loss in the resolution of the money. The maximum resolution will decrease by 1.000.000.000 items each time someone looses a single coin. Right?

How does bitcoin counter this long term loss of resolution in the system?
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