Not so much with offers like this - Now tell me BTC won't buy you something.
http://forum.bitcoin.org/index.php?topic=22870.0;topicseen

That's a fantastic idea Zaphod, if I had gotten into the market before two weeks ago I'd be taking advantage of this!  You're basically making all of amazon available for purchase by BTC with no risk for anyone involved, this is exactly what needs to happen!

You know, if you got someone to make you an advertisement (or wanted to pay me to do it), I'd talk to atlas about running it at no cost on the next episode of BitTalk to help you spread the word on exactly how awesome what you're offering is.

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Unfortunately you're a little late on the transcription request Fwaggle got in touch via email about an hour ago and I'm working with him now on it, but this will be a weekly gig so hit me next week.

Regarding the live stream idea - This would be ideal, and Atlas and I have discussed it (he thinks we should do it as well) - I actually have been down that road before with one of my other shows a few years back, and it was a real nightmare logistically speaking.  I'm not opposed to it, but I ain't gonna be the one working the technical side this time around, so the live stuff will have to wait until we can hire someone to do our technical backend for it (which is going to take a bit of work from you guys in terms of donations lol)   But once we build up a little bit of a warchest there are several things we'd like to roll into.

Regarding future historical perspective, I think the days we're living in are rare, when one generation of people get to watch the whole world change as governments and other insolvent organizations around the world flail wildly attempting to convince people they are not only relevent, but not the enemy. 

I approached Atlas about this project because I felt like the opportunity to contribute was now, and I believe that more today than I did last week.

Well, I won 4BTC at betcoin tonight from a starting capital of 1BTC(not the donations, don't worry lol), so I'll put up the job in the morning and see if I can find someone to transcribe episode 1

I'm in the same boat, got a couple buys set on the way down on the off chance I'm wrong and we see another rush to the gates.

Honestly though, I think theres just as good a chance of that happening with the USD this month as with BTC, lol.

Glad I was around to get you the link, I just sent Atlas a PM about how we need to rethink the miner thing lol.   But now I too have to get to bed, promised the wife I'd be 12:30am, and here it is 2:34

Yep, I was afraid this was gonna happen lol
I'll ask Atlas to switch off the script (He's doing the page), but until then here is the direct link to this weeks episode .mp3, so you should be able to finish listening if you'd like without lighting your laptop on fire.

And if you're only .03BTC in the market, keep it   The point of .02BTC request is it's supposed to be a very small amount for anyone with more than one or two BTC, we don't want 33% of your BTC holdings!

I'll also update the front page of this thread with the direct link

I for one am standing with a big net cast waiting to catch the BTC if they truly drop.  I don't think I'm alone out here with my big net    This bull market is just getting started lol

oh and thanks for your donation, we're up to 1.04BTC since yesterday and about 300 plays on the show

I'd imagine you would start the Vault portion of it ASAP as the security is a pressing issue now, and focus on Time Deposits once things settle.

Happy to be responsive, I've done alot of podcasting in my life and this is by far the most exciting project I've worked on - I want BitTalk to become a go-to source for well thought out discussion and debate on some of the pressing issues that are going to face the growing BTC community over the next couple of years.  Journalistic integrity is dead in the mainstream, so this is my personal crusade (and Atlas too, I assume) to change it a little for those we can reach.  Small donations and specifically the way BTC enables them make it possible for an operation like ours to be beholden to literally nobody outside of the community itself, since they're the source of our funding.  Like NPR if you didn't have the government pretending they're paying for most of it (of course it comes from the taxpayer, but you wouldn't know it if you asked 'em)

Regarding transcripts, maybe I should post a job request on ForBitcoin.com lol?  Hire somebody to transcribe our episodes for .5BTC/show, or something.   That would be neat, we're planning on using the BTC we recieve as donations to patronize the BTC community for all the stuff/services we need, so this fits right in there - It's really important for people to start spending BTC for STUFF instead of just focusing on the profit potential, these things need to get into new hands.

On the subject of throttling, Atlas and I actually had this conversation earlier

I know it seems like the BTC market is just volitile by nature, but it won't always be that way - The characteristics of BTC mean that we will eventually find ourselves in a state of equilibrium with a hint of deflationary pressure (assuming there isn't complete abandonment, in which case the currency has failed so all bets are off)  The other thing you're confused about is "losses" because of changes in value - You are assuming that value is denominated in US Dollars, but that was not always so and likely will not be for much longer.  BTC will eventually be valued as BTC, and the US dollar will fluctuate in value against it.  (In fact, that's already partly what's happening, it's just that nobody looks at it like that yet)

But the reality is that you can already buy some services and goods for BitCoins, and in the future you will be able to buy EVERYTHING for bitcoins, with no tie to the USD beyond people spending USD to buy BTC

Yes, this would be a secure location as well.

Well the question is, what is the bank allowed to do with timed deposits?  You're assuming they would be free to invest said money in any way possible, but I had envisioned a specific focus on economically targeted loans (i.e. loans intended to enable creation).   Again, since this is 1:1 backing:loan the scope of this business would be much smaller than you see in commercial banks today, who are often leveraged 40:1, and during the peak of the financial idiot-fest saw leverage in the range of 140:1.

With a limited supply of BTC for loaning out, it makes sense to target specific financial uses - Really what I'm talking about here is a souped up credit union that acts for the benefit of its members, rather than viewing them as potential profit.

Regarding the manipulation - That is true of any major concentration of currency be it a bank, a company that transacts alot in BTC, or even an early adopter who bought thousands when they were .01/ea.   We only have these wild swings because the market is so freaking new, once it gets easier to get your money into and out of the markets, and they become a little more obviously secure you'll see things start to smooth out as people get used to the system and take advantage of arbitrage opportunities, which reduces pricing spreads. 

Beyond all of that though, the spirit by which such a venture is run is very very important.  Any time you have a concentration of "money", you have risk of pretty gnarly evils, so the corporate charter for such an organization would be designed to restrain the beast from all things but those it is intended to do.  Mission creep is the problem, but it can be avoided if that is your goal.

I think we might see a little swoon in the price, but i'll be pretty suprised if it stays below $10 for longer than an hour, and I bet Atlas 5BTC on the first episode of the BitTalk Podcast (shameless plug  ) that BTC would be priced higher this coming friday than they were this past friday, so far so good!

You guys keep frontrunning me and I'll have to keep all my words a secret 

Governments don't guarantee deposits, the taxpayers do.  Take a look at the bill the FDIC (Federal Deposit Insurance Corporation) has racked up so far this year on the US taxpayers behalf, it's more than 8 billion in the red.

This actually does have a solution - The bank doesn't make bad loans, because nobody is there to save it so it uses actual risk management rather than the mickey mouse parade you see in financials today.   Theres no law saying banks have to loan money to people who probably won't pay it back, that only happens precisely because we have things like mandatory deposit insurance through the FDIC.

And if The Vault (like any bank) ever started making bad loans and losing money, people would stop making timed deposits with them.   But even if that happened, the people with daily accounts would be completely unaffected by this (again this relies on transparency, which would need to be built into the concept)

Sorry about that lol, Atlas has been trying various things on the webpage - we're still figuring out ways to pay for this operation, and that is one of the options discussed but you're completely right it needs to be disclosed.     Regarding the content, it's our first episode and really Atlas and I are getting to know each others viewpoints on these issues, so while I'll agree it may have been old hat to you it is benificial to the show overall (and additionally to people who don't spend most of their time on the boards)

So on the subject of mining, what do you think about it?   It seems like its a higher risk of annoying people to me than any costs that could be recovered by mining with CPUs given the ever increasing difficulty, but on the other hand it requires no effort and little to no cost (maybe more electricity?) to the listener who is taking advantage of a "free" service.

Ideally I think we'd fund purely through small donations like my comment says, which would allow us to be free of any ethical, legal, or moral entanglements resulting from sponsorship agreements with community members (who might become a subject of discussion, either rightly or wrongly)

Really would like to know peoples thoughts about this - what do you guys think?

So  instead of specific "boxes" where your specific BTC are stored, you'd rather have them stored in larger pools, where the total amount of BTC is always at least equal to the amount of outstanding deposits (100% backed)?

Are you interested in mixing BTC for anonimity?  or is there a technical advantage I've not noticed?

What do you see as the problems with loans/timed deposits?