I would like to have multiple wallets but when i switch out the dats in the electrum folder it just rebuilds the old one. I dont want to use the command line as that would give me different dats with the same file name. How can i accommodate multiple wallets?

Hi, I would like to present my proof on how to make a stable cryptocurrency. By far i am not the first to think of these methods, but i hope to present a viable solution for implementing them.

                                              qbit³ - Whitepaper.pdf


I should clarify the development aspect of this, I am not an engineer, my specialty is in system design, what i am submitting is the front end that will enable end-users to easily grasp the value of the currency as it relates to major currencies, all while maintaining the value and stability of the currency in light of market conditions. Like all good design, this is done in simple form as outlined below. Should another creative mind have solutions to backend problems like efficiency, resiliency, and scalability, these two solutions could be merged to form the next cryptocurrency.

Steps to produce a positive end-user experience throughout the course of the currencies life:

1. Remove the 21million limit.
2. Set the currency decimal place to .001.
3. Set the block reward at .001, and then to scale linearly past 1 Terahash to 1qbit @ 1 PetaHash, and so on.  

Theory:
Other stable-value currencies that toy with the idea of money destruction, time penalties, or free handouts dont address the reality that penalties will never be desirable nor practical in controlling supply and demand, nor will free handouts or any exchange-related action by the protocol. As we can see now it is not shortage of supply so much as it is the perception of this shortage that satoshi created to help fuel adoption of his currency through speculation. In the same way, a system destroying or shaving off coins would be perceived as a currency that automatically loses value, so would freely distributing new currency without anything to back it. This is why i propose that mining is the all essential mechanism to validating the price of a currency, and that to free it from the bonds of artificial scarcity we simply have to remove perceptual limits, and allow the currency to scale with the market. Its as simple as that. No need to unduly reward or penalize users for simply doing what they're supposed to do.

Proof:
I would like to offer proof that the most recent bubble was not the result of 'hoarding' (lets call it 'saving', what we use to do in the prosperous 20th century), but it was in fact the result of (among other socio-political factors) the increased cost of creating a restricted supply:

Hash Rate Vs Market Price (USD), matched by date. The increased cost of producing a Bitcoin preceded the upswing in price by over a month in the beginning of the curve and by a week in the end. Had the cost of producing a bitcoin stayed the same despite network conditions, miners would have been less incentivised to hold on to them in the first place, which would have quelled the price war that led to the extreme volatility that followed.

Lets say Alice wanted to help Bob out, so shes gives him 100BTC but over the course of a year. Bob is a good citizen and wants to report it as income but he also believes his btc will appreciate so he doesnt want to cash it out just yet, would Bob have to make note of the value of btc every time he receives some? Which metric would he use? Bob understands the IRS doesnt have any position on this yet, but Bob also understands the IRS might attack him nonetheless.   

Why does it take so long?

This is the real problem to bitcoins adoption, no serious retailer will adopt a payment system that can wipe out their profit margins in the time it takes to confirm a payment. What is the free market solution to volatility?

The miners get rewarded for validating transactions, but once we hit 21million they will have no incentive to stick around, so who will confirm our transactions and what is their incentive?

Im aware of the gawker article in june of 2011 that made it go from $8 to $30, but why was bitcoin climbing so fast the month before?

Anyone else noticed this?

Everytime someone executes a $100k+ trade it causes the value of btc to jump wildly, if the exchanges capped trade volume at n coins over a period of t, wouldnt it then follow that whomever is doing these large trades would be forced to break them into smaller increments over time thereby stabilizing the price of coin?

Will virtual credit cards work in the same capacity as real ones on most sites? Is it possible to get them anonymously without resorting to using those polish bank account services?

I've heard of coinabul which are known to be trustworthy but they also have a reputation for taking a long time and not having good communication. Please offer up the names of exchangers you have had good experiences with.

These btc for gold services, do they actually send you gold in the mail? If you sell your gold to a shop they typically ask for your info, is that info collected or searchable by the IRS? I mean is the sale private or does it become part of your government dossier? Are there better ways of getting your BTC out "off the books" other than cash-in-mail?

If we can rebuild it by typing in the random group of words that form the seed of the wallet, then wouldnt it be safer when were done using our wallets to just delete them and write the random string of words down, since hackers wont be looking for a bunch of words but for a wallet file?

I see there are 3

The main one:
http://electrum.org/download.html
Flatfly's:
http://dre.natverk.org/elecwin.htm
Slush's:
http://electrum.bitcoin.cz/download/

The main one started without installing.
Flatfly's installed python and some other stuff, looked a little nicer but was essentially identical. The "theme" submenu bug was fixed.
Slush's seems to be identical to the main version.

I ran all 3 through virus total, both the main version and slush's gave the following report:

SHA256:    9e4cb3b64805356383efb5091f3b758eaedef69185ce59ca7c613677b6a84bb8
File name:    slush's - electrum-20130212-4a0c70dafa.exe
Detection ratio:    3 / 45
Analysis date:    2013-02-12 06:48:06 UTC ( 0 minutes ago )
0
0
More details

    Analysis
    Comments
    Votes
    Additional information

Antivirus    Result    Update
Agnitum    -    
AhnLab-V3    -    
AntiVir    -    
Antiy-AVL    -    
Avast    -    
AVG    -    
BitDefender    -    
ByteHero    -    
CAT-QuickHeal    -    
ClamAV    -    
Commtouch    -    
Comodo    -    
Emsisoft    -    
eSafe    -    
ESET-NOD32    -    
F-Prot    -    
F-Secure    -    
Fortinet    -    
GData    -    
Ikarus    -    
Jiangmin    -    
K7AntiVirus  -    Backdoor    
Kaspersky    -
Kingsoft    -    
Malwarebytes    -    
McAfee    -    
McAfee-GW-Edition    -    
Microsoft    -    
MicroWorld-eScan    -    
NANO-Antivirus    -    
Norman    -    
nProtect    -    
Panda    -    
PCTools    -    
Rising    -    
Sophos    -    
SUPERAntiSpyware    -    
Symantec    -    
TheHacker    -  Backdoor/Swrort.ob    
TotalDefense    -    
TrendMicro    -    
TrendMicro-HouseCall   -    TROJ_GEN.RCBH1L7
VBA32    -    
VIPRE    -
ViRobot    -    


Never heard of "the hacker" or K7 antivirus, and i got no idea why one version of trendmicro would say its a trojan and not the other. Either way flatfly's version must be different enough not to trigger this (non-portable?). Is there any real difference between the versions? Which one is actually audited by other programmers?

Can someone point me to a guide explaining all the different types of wallets that exist and the pro/cons of each?

Not that there's anything wrong with bitcopia, but it would be good to have a backup to sell coins for cash incase they go down.

Hi all, i'd like to get into speculation but im a bit confused as to how i go about reporting my dealings in the market if i have no verifiable paper trail? I plan on buying my coins in cash and then cashing out through an exchanger into my bank account. I'm afraid that the IRS is going to look at my incoming funds and call it "profit" just because i have no way of proving how many coins i bought (or that i even bought coins at all), and how much those coins changed in value since i bought them. Could someone please explain how this works to a newbie?

Ive been doing some research into how profits from currency markets were registered on ones tax return and found that if done personally it is registered as a capital gain. Well, normally you would have some sort of transaction history or receipt associated with the purchase of foreign fiat, or at least the IRS would expect you to, but if for instance you invested a small sum in the early days of bitcoin and now have a very large sum, and nothing can be linked to you as there is no registration system in place for purchasing coins, then when you cash out and the IRS comes asking you to show proof where the money came from, you can just say you played the bitcoin market and won and theres no way for you or them to prove otherwise. It would seem even if this werent the case, even if you robbed a bank and wanted to put it in another bank then when the IRS comes asking where it came from you can just say "bitcoin".

Maybe im mistaken, would anyone else like to chime in? If you pay your taxes and dont try to screw them through bogus deductions, do they really care where your money comes from?

[Workbook on Reporting Cash Payments of Over $10,000 Introduction]

 I was wondering if i were to liquidate some of my coins by having buyers deposit cash into a bank account (as others do on here) would i have to report large transactions? This is what i found on the matter from the IRS website, but its not clear whether selling bitcoins falls under "exchange of cash for other cash" or if bitcoins includes "the coins and currency of the United States and a foreign country" or if i would be considered a business by selling large volumes of coin. Also would i have to report this as income? These coins are largely for services rendered, so i have no paper for them to audit.

Workbook on Reporting Cash Payments of Over $10,000

   
Introduction

The law requires that trades and businesses report cash payments of more than $10,000 to the federal government by filing IRS/FinCEN Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business (See Exhibit 1, Form 8300).
Transactions that require Form 8300 include, but are not limited to:

    Escrow arrangement contributions
    Pre-existing debt payments
    Negotiable instrument purchases
    Reimbursement of expenses
    Making or repaying a loan
    Sale of goods/services
    Sale of real property
    Sale of intangible property
    Rental of real or personal property
    Exchange of cash for other cash
    Custodial trust contributions

The information contained in the form assists law enforcement in its anti-money laundering efforts. When businesses comply with the reporting laws they provide authorities with an audit trail to stop tax evasion, drug dealing, terrorist financing and other criminal activities.

Type of Payments to Report

Trades and businesses must report cash payments received, if all of the following criteria are met:

    The amount of cash is more than $10,000.
    The business receives the cash as:
        One lump sum of more than $10,000 or
        Installment payments that cause the total cash received within one year of the initial payment to total more than $10,000 or
        Previously unreported payments that cause the total cash received within a 12-month period to total more than $10,000.
    The establishment receives the cash in the ordinary course of a trade or business.
    The same agent or buyer provides the cash.
    The business receives the cash in a single transaction or in related transactions.

Cash Includes

Cash includes the coins and currency of the United States and a foreign country.
Cash may also include cashier’s checks, bank drafts, traveler’s checks, and money orders with a face value of $10,000 or less, if the business receives the instrument in:

    A designated reporting transaction, as defined below, or
    Any transaction in which the business knows the customer is trying to avoid reporting of the transaction on Form 8300.


A designated reporting transaction is the retail sale of any of the following:

    A consumer durable, such as an automobile, boat, or property other than land or buildings that:
        Is suitable for personal use.
        Can reasonably be expected to last at least one year under ordinary use
        Has sales price of more than $10,000.
        Can be seen or touched (tangible property).
    A collectible (a work of art, rug, antique, metal, gem, stamp or coin).
    Travel or entertainment, if the total sales price of all items sold for the same trip or entertainment event in one transaction or related transactions is more than $10,000. The total sales price of all items sold for a trip or entertainment event, includes the sales price of items such as airfare, hotel rooms and admission tickets.


Cash does not include personal checks drawn on the account of the writer.Cash does not include a cashier’s check, bank draft, traveler’s check or money order with a face value of more than $10,000. When a customer uses currency of more than $10,000 to purchase a monetary instrument, the financial institution issuing the cashier’s check, bank draft, traveler’s check or money order is required to report the transaction by filing FinCEN Form 104, Currency Transaction Report.

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Workbook-on-Reporting-Cash-Payments-of-Over-$10,000#penalties