it costs less to make a sandwich than it does to buy one.

people pay for convenience, and I'd say if you already have a mining rig completely set up, then continuing to pay for electricity would be far more convenient than trying to buy (especially if you've never bought before).

anyone played this one yet? http://btcflip.com

where?

i checked it out for you... it directs to a phone sex site titled Talk Sugar. New members get $5 free... register today

so... you are expecting a 'money launderer' to be a reputable person?

here he is:

https://bitcointalk.org/index.php?action=profile;u=35123

someone with a monopoly 'losing their wallet' is effectively exactly the same as someone with a monopoly simply 'hoarding'. no practical difference really.

actually losing the wallet would be far better for everyone else as it would take away the threat of a large market dump.

wix = no

they can't even afford $10 to buy bitcoincologne.org

either that image was photoshopped, or twitter has deleted those last 2 tweets:

http://twitter.com/#!/drdre

edit: actually, it can be seen on http://www.drdre.com/#!all

i just meant that the private key was created using his imagination, and yes you're right it's a race to spend, not a race to import. jackjack has now spent the 20 millies anyway.

I agree that IOU's are created but not necessarily money created.

Person A: owns $100
Person B: owns $100
Person C: owns $0 and a nice hat

Person C decides to borrow $100 from Person A and promises to repay $110. This doesn't necessarily have to create any money, if this person can just sell his hat to person B, and we end up with:

Person A: owns $110
Person B: owns $90 and a nice hat
Person C: owns nil

A loan was made and repaid (with interest), and no money was created.

Also, that 'nice hat' doesn't even need to be tangible... it could just be Person C's personal labour or time for example.

and how is that a downside? that's all i'm asking.

seems to me if you're rich that's an upside.

just for fun i sent you 0.02 btc to that imaginary address ...you'll have to now import it quick before someone else does

sounds good but will be even better once the mainline client can import the privkey

would be funny if your privkey only existed as a hand-written note.

actually, given 10 or 15 minutes you could probably just memorize it.

i don't see how you can call that a downside unless you are at the same time claiming to be poor.

Poor man: That's a downside!
Rich man: That's an upside!

seems quite neutral to me.

i don't think that would work since they can get mashed together with 'good' coins.

i.e. put two satoshis (one 'stolen' and one 'good') in a blender and mix on high until you have 0.00000002 btc, then separate them again by spending 1 satoshi to 2 different people... which satoshi is the 'stolen' one?

I have confirmed with Jered (owner of tradehill) that the short link http://payb.tc/tradehill was not made by them.

probably obvious, but i thought i'd check with them before just deleting it.

anyone using a shortening service (not just mine, but any), should be careful that they are getting the link directly from the person they intend to pay (just like you would with an ordinary bitcoin address).

hi joepie.

if noone is willing or able to do the above (i probably don't have time), then perhaps i can buy the domain off you, to strengthen my brand.

completely sarcastic.

the thought of a man-in-the-middle attack is probably not something you'd use to make people feel safe with their bitcoins.

just curious, why do you call them flip games?

i thought a flip game would be something like doubletrouble.bitcoinbet.com