Thanks, looks like I picked the right places, I'll finally get to use the Dwolla account for something.

I just acquired a nice wad of USD in a Bitcoinica account. Can anyone suggest the cheapest way to get it to a place where I can do an ACH transfer of it or perhaps just turn it into purchasing power in something like PayPal?

Thanks for your input.

The "bitcoin market" is a tiny little thing that is moved completely by a few large players, very much like microcap stocks where manipulation is the rule, not the exception. Why would Elliott wave analysis even be relevant to begin with? Marketplace sentiment need not be estimated here, just watch the big boys as they turn their game tokens into useful cash, not that I would encourage "chasing" trading activity in a obviously rigged market 

Bzzzt! Wrong again. Sorry you couldn't keep up with the adults. The project I referred to was the BOINC project, clearly anything that isn't spoon fed to you is automatically above your reading comprehension level. There was an extra-credit question had you answered correctly, so you are now 0 for 2. With regard to the Greencoin posting, that the distinction between work in the requirements phase and a "failure" is lost on you just tells everyone you wouldn't recognize either one even if one came up and bit you on the ass. Keep pretending, it's fun to watch, kind of cute actually.

Thanks for once again confirming you have no knowledge of the software development process, firsthand or otherwise. Actually if the developers are any good at all they could get a real job doing it and one would hope they do. This is probably the most common reason for open-source projects being abandoned, near the top of the list along with simple application obsolescence and the developers finding something more interesting to do. Go wander around SourceForge a bit, it's a great place full of nifty stuff and home to some favorites of mine, but the ratio of dead projects to live ones there must be at least 4 to 1.

If we could find someone with sufficient background in cryptography, it might be interesting to open a discussion of work towards Bitcoin 2.0, although I of course would rather like the name TulipCoin, it captures the current reality of Bitcoin so well. I would look for someone who could show some relevant exposure from a related bachelor's degree or higher, say in math, computer science, or quantitative methods in economics. Yammering teenage monkeyboys may come back later after they grow up.

How did you ever get so simple minded, are you an American 12 year old on Ritalin? If either of my kids were as witless at that age as you are so proud to be, I would have had an obligation to society to either get them fixed or put them down for good. However if you are much older than 12, it raises the question of who gets you ready to be picked up by the short bus each morning. If you weren't already Sargeant Micropenis, we could call you Special Ed.

You may stand at ease, Sargeant Micropenis. Resume being ridiculous at will, we know you can't help yourself 

Wow, I guess you really showed me, monkeyboy. Obviously you are enjoying being a winner somewhere in your own mind, aren't you?

I *proposed* a portion of a solution based on work from another project. With one exception, it was very clear that not one person posting in reply was motivated to go research that project. You aren't all ears little girl, you are all mouth, and such a funny little monkey at that, one for whom everything is black and white and must be settled right now before you pee yourself in mortal angst 

Doing source code maintenance is a long, long, long, long, long way from architectural ownership for the design of bitcoin. Source code maintenance is the stuff I've outsourced offshore many times while keeping the proprietary value of the creative engineering and design work close at hand. Of course you need not hear of firsthand experience in either of these areas since you already know everything about them anyway, don't you?

Nothing is settled here, nothing is closed, it doesn't have to be nor will it be any time soon. When this bitcoin thing blows over as it almost certainly will like so many other half-baked internet phenomena before it, use it as a learning experience.

Were bitcoin to grow into anything of consequence, scalability would still be a factor. Viewed in this light you are correct, it is most likely a non-issue.

+1

Not to mention beware the "Streisand Effect":
http://en.wikipedia.org/wiki/Streisand_effect

If some yoyo actually filed a lawsuit or went whining to some government agency ( I don't know of one in the U.S. that would actually care or have any jurisdiction in the matter ), half the internet would be competing to see who could most effectively belittle the effort to bloody shreds, cook them until charred black, and then do it again. Wow, I'd like to see that, go for it, somebody, please?  

It is good engineering practice to seek energy efficiency. It's not just good, it's expected, it's not optional any more. It's hard to believe that an open-ended energy requirement was anticipated in the design of bitcoin. There may have been some rationale about increasing powerful and efficient computing meeting needs in the future, but that doesn't count for much. If I had a bitcoin for every "it's gonna be great!" thing that was just around the corner and then never came to pass, I would have quite a pile of game tokens, I could use them to buy one of them there jet packs everyone uses to commute these days 

Since the bitcoin system was orphaned by its designer and there doesn't seem to be anyone else up to taking architectural ownership, there's no reason to believe that the core of it will evolve. Consequently, the best case expectation is that progress will replace bitcoin with something that addresses its shortcomings, both technical  ( for one, it's an energy pig ) and behavioral ( de facto centralization of its operations in currency exchanges and other institutions cloned from the bad world some would tell you that bitcoin will replace ).

Other than that,  I agree with you, raping children is not nearly as bad as raping and killing them, which is why a comparative advantage case is often hard to win 

Currently bitcoin is a toy, and will most likely remain one until more amusing toys come along to replace it. It is at a best a 1.0 effort that while internally consistent in its logic, didn't anticipate that opportunists would centralize its use and made no provision to prevent it from being turned into just another piece of script ( say that slowly and clearly ). I suppose you could say it is successful as a simulation game within its own limited definition.

The absence of public ownership for bitcoin's design is probably the best indication that its creator recognizes its limitations. If he doesn't at this point in time, one would sincerely hope he hooks up with some management who could make better use of his talents than he can working by himself. It's a shame that he evidently developed bitcoin to this point without partners or peers to give him reality checks along the way.

Your viewpoint that criticism that causes you cognitive dissonance must also come with something that relieves it or otherwise the critic is a bad actor is one of the most childish things about you. You see, your favorite toy can suck out loud and no one who says so is obligated to spare your feelings about it. Wearing your intellectual immaturity on your sleeve is merely your emotional deficiency, which I suspect is mostly a result of your inexperience and lack of education.

Sorry, no one has to fix bitcoin in order to point out areas where it could use improvement. It's funny that this even needs to be said but appropriate given your born-yesterday-and-likes-it-that-way attitude.

It's obvious you spent a lot of time thinking about behavioral economics before you LOL'd it. If you could ever get your head out of your own ass long enough to catch up with the rest of the world, you would already know how very simple-minded, quaint and parochial your insistence on rationalism is, that sort of thinking was already well on its way to becoming passé before you were born.

By the way, what are you a sargeant of? I was a captain by the time I left the U.S. military, the early 1970s was a nasty time to think about making a career of it, I'm very glad I didn't, notwithstanding it helped me grow up a lot in a hurry. Clearly you could benefit from challenging yourself by getting out of your comfort zone, not that I would suggest the military as a first choice.

I got what I wanted, it's not about you, junior. It's been easy enough to sort out the people around here who actually know something about anything from the hopeless fanboys using bitcoin to fulfill a desperate emotional need to be part of something they perceive as successful. If they are teenagers that's to be expected, but there's clearly a lot of arrested development running around here that just never grew up or had any success.

I finally did get some useful information that I think will help my clients to avoid making imprudent choices with respect to Bitcoin World 1.0, and I gained a better understanding of how it has painted itself into a corner in which it will remain until it passes out of general interest completely or becomes something other than a second rate collection of clones of traditional institutions. It was interesting while it lasted, too bad currency exchange and speculation resulted in it becoming a de facto centralized system of the type some would tell me it was meant to replace.

It's really unfortunate that no one competent and willing to take ownership of the design decisions is around. That alone is enough to set expectations very low. There's an "enterprise software" company, Computer Associates, that would be an ideal final resting place for bitcoin if there ever turns out to be any real money in it. CA is known as the mausoleum of software, it creates nothing but instead acquires the work of others who by and large disconnect from their work after selling it. The result is that the software is never enhanced, it's only maintained enough to keep it salable by people who only ever work around the edges of it. Bitcoin already seems to be frozen in amber, so there wouldn't even be an uncomfortable transition to the realization that everybody's favorite cryptocurrency is in an evolutionary cul de sac.

BTW, your comment on the economics of mining presumes rational behavior, and yet economic behavior and choices are full of examples that are famously irrational, enough so to merit a Nobel Prize for work done in this area. Here's a Sunday magazine section light read on the subject, there's tons more where this comes from if you are interested.

harvardmagazine.com/2006/03/the-marketplace-of-perce.html

Oh, and regarding "the unspoken rules of investment". Are they part of another magical cult? Is that why they are unspoken?

Last thought for the evening, I tried to look up the SIC ( Standard Industrial Classification ) for bitcoin mining, it's not there. Too bad the codes are 4 digit decimal, "1D10T" would provide an easily remembered designation  

Qoheleth, thanks again for the thoughtful input.

Back from dinner. Obviously you have been having fun playing with yourself while I was away. Sorry to see you couldn't keep up with the finer points, it makes you such a cranky child. BTW, is English not your first language? Is it perhaps a language without Latin or Greek roots?

I did get some good ideas from Qoheleth, enough to warrant further research and consideration. OTOH you may go back to pulling your pud, little girl, you are the most useless fuck I've talked to all day. Seriously.

Speaking of religion and social control:

Jesus Escapes Fat Dominatrix Thanks to Bluetooth Earpiece
http://www.adweek.com/adfreak/jesus-escapes-fat-dominatrix-thanks-bluetooth-earpiece-130764

You came on so strong to start with, now you just sound like a little pussy with hurt feelings. Did you stick out your tongue when you typed that? If you did, what were you hoping to find with it?

I said "the return to mining".

Your analogy fails in that Bitcoin mining isn't an industry, it's a game that serves only the claustrophobic world of bitcoin, which is itself a game. Bitcoin mining produces nothing and would not be missed if it disappeared tomorrow. Seriously.

No, it doesn't. Science attempts to achieve intersubjective reliability methodically using resources like evidence, the experimental method, and replicatable results. Religion simply insists that it is there by assertion, it's no wonder so many of these monkeys are stuck in the Bronze Age whereas scientific knowledge improves every day. Now, pass that slab of pork, it's time for the sacraments 

Boring, boring. It's evident bitcoin comes with blinders. Time for a snack...

Notre Dame. University of Chicago. John Marshall Law School. Please hold your breath while waiting, I'll surely hurry back with more. BTW, I reserve the right to say whatever I like to a retarded child such as yourself. Sorry, you gave yourself away immediately.

Well, clearly then, the return to mining is an economic inefficiency that should tend to zero over the long term, that it does seems to be the consensus. Besides, the mining capacity arms race results in equilibrium being a moving target. I seriously doubt most miners who make a hardware investment for that purpose at this point in time will ever reach break even before something better to do comes along.

Nice job beating up your straw man little girl, isn't it time for you to go jerk off in its ass? Maybe you can get enough bitcoins to buy a RealDoll someday, keep dreaming.