no that's why I have multiple savings wallets. But I'm certainly willing to risk whatever I keep in my daily use wallet by not having to backup everytime I make a few transactions.

Christ the arrogance and asshole-ness of people on this forum is astounding at times.

Iceland is a better example. Compare Iceland to the PIIGS. Iceland gave a big fuck you to the banksters while the PIIGS are taking on ever more severe austerity measures. What's the interest rate on Icelandic bonds compared to Portuguese or Irish?

again nothing false in your statements, but don't really apply to labor theory(ies) of value but rather the debasement of a fiat currency through inflation

I would happily chip in to get blockexplorer on a VPS somewhere.

 I used to give out silver OZes to kids in the neighborhood that would help me do chores (when they were worth $8-10) and always told them NOT to take it up to the pawn shop until they were 18 because by then it would prob be worth close to $100. Prob gave out 30-40 ozes of silver this way. Often wondered where it ended up. They were mostly excited just because it a very large and heavy coin that looked important.

don't put all eggs in one basket

don't eat only eggs

And a lot of miners would have sad puppy dog faces

A virus that disables the fans on 58XX cards would probably work nicely.

That is silly. Just because there are time delays in terms of deploying the necessary software and/or infecting new machines with the necessary software doesn't mean that it won't happen. It is actually perversely good for bitcoin in a way, if those that have large numbers of machines at their disposal have an economic incentive to strengthen the network, rather than attack/undermine it.

You realize that the price of bitcoins is irrelevant to what is "fair" for miners right? Difficulty adjusts so that if mining becomes unfair and miners drop out, mining will become profitable again. Price increases, more miners add equipment, difficulty rises mining is less profitable. In any case, at some point in the future it is likely that mining will only be profitable (no matter what price bitcoins are) to people with economies of scale, cheap electricity and/or unpaid for resources (botnets and the like)

Just because you won't sell your coins below $10, doesn't mean others won't.

Personally, I'd rather see stability than either big price increases or decreases, but I think we likely have months/years before that is the case.

confirmed --

+1 to Zerokwel for being a person of their word!

Windows 7 is actually light years ahead of earlier versions in terms of stability and security. At least people should upgrade.

Well this is the best thread I've read in like a week.

I do give Jesse credit for bothering to give you any advice after your response to her first post. I too, am excited to see the progress in this area.

Also, you forgot a share for legal counsel. You aren't going to try to run a business without a lawyer are you?

You shouldn't be running a web design business without a lawyer

http://vimeo.com/22053820?utm_source=swissmiss

much less a cam site

I still think we will see a drop back into single digits sooner rather than later.

Also I totally agree with OP with all points, but I also agree that making it clear(er) that we are essentially in very early dev phase of bitcoin would be good. There seem to be the pull on the one hand with sites like "we use coins" to make it seem like bitcoin is Here! Now! Ready! and Easy to Use! to encourage widespread adoption, and then on the other hand we have people saying, wait! we are still working on some pretty basic scalability and security issues - use at your own risk.

Now those may just be two different opinions, but they are pretty large differences, and I think that the community should be better at communicated the risks of currently using bitcoins, not just being evangelical in talking about its benefits.

Are you positive it got broadcast?

Double click the transaction and see what it says - or search for it in the list of unincluded transactions at bitcoincharts/bitcoin

That is not true. Any open source project has plenty of work for people that aren't coders - including support and documentation issues. Hell, most large projects like Drupal are flush with coders but begging for people to go back and re-write documentation that hasn't been updated in 2 or 3 years, etc. And devs can only work on what they know  about. Filing bug reports and feature requests and having those commented on by other users is also very important.

It would be interesting to end up with a totally legitimate project, that due to factors not under its own control, is completely facilitated through infected computers. What's more sci-fi than a peer to peer crypto currency that is mined and verified by the computers of people who have never even heard of it?

Most of the large pools have a tremendous amount of CPU miners -- those are almost certainly 90%+ botnet.

But, yes, between botnets, people running server farms at home or school, etc, I think mining will be unprofitable for most people - even taking into account only electricity, not even hardware depreciation, within a few months.

Trust me, if bitcoin proves to be stable, there will be no shortage of adult businesses using it (and probably offering a nice discount). Not because of the anonymity factor and not because porn producers are Austrian economists, but because you can't charge anything back.

Chargebacks are a HUGE deal in the porn industry, and eat into profits by a ton, way more than any other industry (for obvious reasons). It will be a matter of there being some easy to use bitcoin processing services that essentially can load up bitcoin time instantaneously (though then they might be open to chargebacks, so should be interesting)