In the event I did die, my lenders will be handsomely rewarded via the dead man's switch.

You don't have a 7-11 or CVS nearby?

Yes it is similar to BitBills however mass production will allow us to have a much lower production cost.  We can print and verify roughly 200 cards per hour. Initially distribution will be online only however we hope to someday bring it to retail stores.    Bitcoin would need to be much bigger for any chain to be interested.  The goal is to create an easy user friendly way to buy Bitcoins.  Something your non-technical friends and family can handle that doesn't involve exchanges and wire transfers.  We hope to broaden the base of Bitcoin users.  Go to a website, buy a Bitcoin card with your credit card, and redeem it when it arrives in the mail or hang on to it for secure offline storage.

The initial version will have no magnetic stripe but our equipment has magnetic encoding capabilities so we can produce a card which could be activated using standard POS terminal for offline sales.  Very similar to a giftcard which has no value until activated by cashier.

I didn't do it until now only because I don't want to give hints to competitors :-)

It took me a lot of resources to design everything, including the 3U rack case, 400mm deep, with 48 FPGA units stuffed in and efficient cooling and that doesn't cost like a Ferrari.

I am talking of detailed pictures with open cases. If I make small pictures of the rack units, it doesn't prove anything, it would look like router / server equipment.

Eliale visited my company and he has seen it directly.

I am not sure about publishing them online, but at the same time I don't want it to be a mystery.

I am thinking about a solution, like:

- Showing pictures to an existing member who I can trust, who will be a testimonial for others.
It may be someone who joined earlier, who already posted on this topic, and that you  can trust too.

- Allowing access to pictures only to serious investors (for example, with a deposit of at least 1000 BTC).
It's fair to show the infrastructure to someone that trusts and invest in this project, also to reassure him about where his money has been spent. And they could be testimonial for others, too.

- Any other proposal made by someone of you, which I find reasonable.

What do you think?

We don't need science, we need sound money and free markets.

In my view, economics cannot be science anyway, unless you completely understand how humans work. You'd have to start there.

Regarding Keynes vs. Hayes or whatever: fuck that debate. Keynes may be right, I don't know, but his strategies are not implementable because they require responsibly acting leaders/central banks/policymakers, which we do not have at our disposal currently.

Humans fail consistently at regulating even very simple systems, such as a thermostat-controlled freezer. How can you expect a group of humans to succeed at regulating something as complex as the world economy?

You cannot, this is the mistake we made. We thought we could have our economies regulated.

I think we're better off concentrating our efforts on deregulation and coming up with good monies (let the free market use whatever it wishes to use), than arguing about right or wrong of some theories about the behaviour of apes. I'm pretty relaxed about these two things, because they will solve themselves in the end anyway. Solutions will just emerge, the question is how bad we want it to get before we let them.

I do think FunnyFoo is right about the problems bitcoin has (slow transactions, cumbersome to use, scalability issues), he's wrong however in saying that it's easy to come up with a better solution. I point to history (litecoin) to show that.

You didn't learn about austrian economics in school? We didn't spend a ton of time on it, but econ was a required high school course for me.

sounds good bob 

lol, how is people simply bartering with whatever they see fit pseudoscience? Keynesianism is pseudoscience.

austrian economics is aging as well though, the old paradigms must go. We need appropriate money for the information age. Bitcoin with P2P credit systems like Ripple (to provide ad-hoc liquidity) or a similar dualistic approach will be the future.

Let me set the record straight about my opinions - I think bitcoin is an excellent proof of concept, but definitely too unrefined and flawed for mainstream acceptance in and of itself.

I also don't have any interest in debating the established fact that Ron Paul demonstrates incredible economic ineptitude.  It's just fun rubbing it in on a forum populated by a lot of people with kindergarten-level understanding of macroeconomics.