This would lower the rate for bitcoins dramatically.  It wouldn't ruin anything.  Bitcoins used to be that low, and they weren't ruined.

Whoever this person is with the huge quantities of bitcoins would be taking a loss on the electricity he had invested to generate the bitcoins, unless he played it smart and only sold them for slightly less than the market, in which case it would not be the dramatic crash you are concerned with.  Even if he did dramatically crash bitcoins this would allow other people to buy a lot of coins very cheap and he would then have run out (depending on how cheap he makes them) At which point the coins would have a chance to rally and start back up again.

I haven't seen it yet but I'd really like to see a reputation site where people's opinions can be ranked.  So, for instance, Alice can say that Bob is a good guy, and that she value's Bob's judgement highly.  Giving him a 10 out of 10 on both.  Bob feels that Carl is a good guy, giving him a 10 as well.  if Bob is the only opinion that Alice has placed any trust in then she'll also give  Carl a 10.  Meanwhile if she has ranked Donna as a 5 on her judgement scale, and Donna gives Carl a 0 (calling him a thief) then Alice's ranking of Carl is going to be 6.6 (since she values Donna's judgement half as much as she does Bob's) This would weed out people ranking themselves, since none of their many accounts would be highly valued by anyone else. 

My problem isn't that there aren't enough bit coins it's that I don't have that much disposable income.

So you wont cover copyright infringement?  That's one of the areas that bitcoin has been proposed as a facilitator.

I saw both an Ipad and a dell notebook for sale.  I would have bid on them but I don't have enough capital to do so at the moment.  I hope they both go for a fair price.

Damaging someone's property is an extremely arbitrary category and that is where a lot of the difficulties are going to arise.  It will be really important for an organization like this to spell out quite clearly what situations they will not cover.

That aside, yes I do think this is something which would be a good idea.  Whether as an insurance company or as a legal defense fund. 

Hush, that's one of those details that it is best not to discuss.

A stable exchange rate will be a good thing in the long run.  It will mean less upkeep for businesses.  Any period of sudden inflation or deflation means price instabilities and confusion because not only is the current price different but the seller and buyer cannot be sure that the price will be the same tomorrow. 

I do expect bitcoins to continue upward for a while.  I don't know what their equilibrium level will be and I also expect them to act as a hedge against dollar inflation and move upwards relative to dollars at a fairly slow rate, however I do hope that they settle at a relatively stable spot relative to standard goods and services because that will give them more utility as a medium of exchange.

One of the reasons Dollar's are useful as a medium of exchange is because their worth, while continually slowly decreasing, is decreasing at a relatively known rate.  If I agree on a price I know what that price means as far as opportunity cost, both now and later.

A fluctuating currency has unknown opportunity costs which makes commerce much less certain.

I am curious if your sites design will be open source.  Certain dangerous or possibly unethical predictions were one of the advantages I saw to bitcoin, although, obviously, you would not want to be the site admin responsible for allowing such predictions to be made.

This isn't quite true.  What's true is that government enforcement won't exist.  That doesn't mean that alternate enforcement mechanisms couldn't be put into place.

A spammer doesn't need to register millions of times though, just once per site.  Then he just sends millions of messages.

That works as an e-mail tax.  Doesn't work so well in the case of captchas, which are usually for registration on a site.  .5 is not enough to discourage a spammer form registering and too much to attach as a charge for every post.

spammers, not hackers.

So there is, I missed it.

Selling money on biddingpond is silly.  Well, I guess not if it is money that isn't traded through one of the exchanges, but selling dollars or euros there is silly.

I am kind of surprised there is not a Russian exchange, considering how many Russian members the baord has.

Still doesn't seem to work.  I see a minesweeper game, but it looks like ti is just the standard windows game, no option to buy anything with bitcoins

I have generated 150 bitcoins,  I wouldn't count those as earned though.  I have also earned 70 bitcoins for a tarot card reading (60 coin fee plus a 10 bitcoin tip) And I have purchased 200 bitcoins through MTgox.  I don't know if gaining bitcoins through speculation on MTgox and bitcoin market count as earning either, since you aren't really doing any productive labor.

The site is a bit confusing.  Looks like you have some nice products, but information on how things work, if it is there, is not easily available.  Some info on how the gifts are personalized and how much this might effect cost would be good, shipping info also.  A search function would also make the site that much simpler to navigate and purchase from.  Easily accessible info on payment forms accepted, which includes the fact that you accept bitcoins (could mention that you are taking them at the current exchange rate at MTgox or bitcoin market as well, otherwise you'll have to set bitcoin prices in addition to dollar prices.)

This could actually be a very nice way to send a completely anonymous gift.  Could be fun for doing secret santa in a security paranoid company or an online situation.

I don't think there is enough value extant in bitcoins to support an IPO on any business of more than very marginal size at the moment. I may be wrong though.  Also I know that the required initial investment on many online businesses is extremely small and could potentially be created via a bitcoin IPO.

I don't think porn sites do accept paypal.  Not because they don't want to, but because paypal has been known to freeze and seize their accounts.  Paypal sees themselves as a moral arbeiter and won't allow the purchase of tobacco or alcohol with paypal.  I am pretty sure they also don't allow porn.