You kidding me? Why would you leave money with someone you thought would do that? Do you think he'll steal my money if my wife refers me?

Getting 100 people to spam the forums is retarded. I don't know how anyone thinks spewing pollution makes for a good image.

You gotta make your own decisions, but right now I'd be comfortable giving up to ~$500 to a stranger based on an unconfirmed transaction, and 1 confirmation is gold. Obviously not for hundreds of thousands, but come on, the guy meeting you in Starbucks is not rewriting blocks.

I think I have phantom obligations. Right now I have no outstanding bids or asks on anything and only own some call options. I should be able to use all of my balance to place bids, right? Will my account name help?

I hate it. It encourages spam which is close to the last thing any company should want. And if I was going to trade there I would refer myself instead of giving some spammer free money.

I like FOFOA too. I also get that borrower/spenders like easy money. But they'd probably like to pay with farts too. All that matters is what productive people will accept. They've been accepting a pretty crappy version of money, maybe they'll wise up, I don't know.

A little balance is good, just don't go overboard with it.

The responses make me think I'm not clear.

I value my coins more than market value. That is not disputed.

But having one more or one less coin is pretty much the same as having 18 dollars more or fewer. If having one more coin was worth $50 to me then I would buy a coin. If another coin after that was still worth more than the market price I would buy another. Eventually I would have few enough dollars that they were quite precious to me and I wouldn't give any more up for another coin. This is where I always sit.

I completely understand about risk and subjective value that all factors in to how much I want an extra coin. I think Bitcoin is the greatest thing since food, but I won't pay $18 for another one so I can't say that my marginal coin is worth $100.

alex, bitcoin makes a new empty wallet if there is not a wallet.dat in exactly the right place.

Double spending is not possible. The network knows how many coins are associated with each address. What you have in a wallet is a set of keys that can be used to move coins from those addresses. If you load the same wallet on two computers (this is not recommended) they both have access to the coins, but only the first spend will work. A restored backup might think it has access to coins that it doesn't in some circumstances, but it never actually will.

What would one more bitcoin be worth to you?

I'm interested to know if anyone thinks their marginal coin is worth far more or less than market rates. If an extra coin is worth less than market rate to you, why aren't you selling some? If a coin is worth more to you than market rate, why aren't you buying? Do we really all value an extra coin in the same narrow range?

I dunno why, I'm cracking up.

Hackers are going to steal coins and then buy more coins? How does buying more make the coins he stole easier to transfer?

Oh no, a money good enough that people actually want it. If people are willing to turn down cars and mansions and yachts and hookers all to keep the same number of coins imagine the amazing things people will do in order to get more! Maybe you should get some coins so you can buy some of the great stuff coming.

Say you blacklist some coins. We agree that you'll give me a car for 200BTC, I send them and you get alerted they are black, now you don't give the car? You return the coins? You turn them in to the "proper authority"?

Accepting bitcoin for payment and then not delivering when you get paid is theft.

I seem to have plenty of USD available, but I'm being told I don't have enough to place bids. Am I misreading or is there a bug?

I like it, Babylon.

How about instead of one 'trusted' backer we all just offer to back to whatever extent we can and want and let that determine the value?

Yes.

If the real price on Tuesday is $20 and you and mtgox reflect that and there is a drop in demand and the price is $16 you will still have a minimum listing price of $19.60. There will be only sellers and no buyers at your market. All buyers will go to mtgox where prices reflect current reality and trades can happen.

Aww, that sucks. I bet you're the target, I hope it gets solved easily.

This would be awful.

If there is even one unrestricted market and the price moves down by 10% then your site will have 0 buyers, they will all be buying at a 10% discount elsewhere. Likewise on moves up.

I think those are contradictory goals. I'm tired of companies telling me they'll keep my data private and then complying with the demands of strangers (strangers to me at least) at the drop of a hat. Or imposing their interpretation of some else's rules on me.

I think an exchange that lets people make offers that are available to everyone on their trust list and acts as a record keeper (maybe bitcoin escrow too) but has people settle dollars on their own would be good. I imagine you could make dollar debts transfer able with consent by all three parties so that they could net out and reduce the 'outside' transfers required. Build in all the PGP stuff and use the data from OTC to bootstrap.