Hmm, fibs.com says winfibs is no longer available for download.

I agree that those are the qualities which give the currency value, but production cost provides somewhat of a loose fitting price cap. The current price is much higher than the production cost was for a long time, so a lot of people are selling their previously generated bitcoins at a profit. Once they slow down or run out of bitcoins to sell, the price will start to go up again. But I honestly have no idea how long that will take.

Not really. The price is slowly but steadily dropping. Production costs have increased, but there's more than enough existing supply to meet demand. It'll take quite a while for demand to outstrip existing supply, but if and when it does, the price should start to rise back up toward the cost of production.

I was thinking it would be neat to give away like .1% of available coins to any new IP address. As it is any donation that puts it over 500 just gets eaten quickly (maybe by people who do IP magic).

I'd still like to do this sometime. I've played some games though and it's gotten stuck between moves. What client should I use?

Although I would love to sell all by bitcoins for $100 each, putting in a very high bid would be an inefficient investment. It would be much more beneficial if they always bid a little high and asked a little low. It would eventually result in a very low spread and high confidence in the value of bitcoins. The price of bitcoins is not what's important, it's the confidence in knowing you'll be able to convert currency in and out of bitcoins with as little loss as possible and at as steady a price as possible.

Ah, yea, that'd work. =)

Feel free to donate money   Lemme know, I'll sell you every coin I have.

How would that work?  How do you distribute money over all existing bitcoins? >_>

Hi.


Micropayment is less that 0.01 $, I suppose.
Having an (economically) effective implementation of micropayment system will affect the way current economics works.
For example, it may make the media producer's business unprofitable in some areas, I suppose.

So, the economics may be interested in payments with less that 0.001 $ volume and with more than millions transaction per day numbers.
But that system still does not exists

The really interesting idea of a PayPal for Bitcoin (call it Bitpal) would be if a company were to come in and provide fraud insurance like PayPal currently does (hopefully less skewed towards the buyer). That way buyers could transact without trusting the seller. Bitpal would know both parties (somehow verify ID) and then offer to punish the seller and refund the buyer's money if the seller didn't deliver.

Bitcoin's strength is that it enables anonymous, irreversible transactions upon which it is possible to build other transaction types, including the more buyer-friendly reversible ones.

Bitpal could force the seller to keep coins on deposit for a certain amount of time, relaxing this requirement as they reached a higher and higher reputation. They would cover any losses above the amount they could recover from the seller. Sellers would gain rep for successful transactions and lose it for unsuccessful ones.

They would need a good system to ensure that neither the buyer nor the seller was lying about the transaction. Tracking numbers only help so much - the goods could have arrived damaged, and not all shipping services provide them. I've also envisioned a system where the seller ships items to a trusted party who checks them, sends pictures and description to both the buyer and the seller, and asks both parties if they wish to proceed. If so, they ship them to the buyer with a tracking number and optional insurance. If they arrive damaged and the buyer chose not to get insurance, they don't get their money back. If they chose to get insurance, then that claim is filed. It would double the cost and time of shipping, but would allow everyone involved to verify that the item shipped was correct and not a small pile of stones.

i have approximately zero interest in buying L$.  you will see what i will do with the BTC i generated when I have something to demonstrate.

i stopped generating btc when difficulty hit 181.5, as i had enough BTC for what i needed.

Hey guys, I'm new to the forum and BitCoin, and I'm loving the concept so far!

I'm a software developer, particularly web based technologies, and I had a great idea. A system like PayPal but for BitCoin payments.

Before you start flaming (central authority), this system would have a shopping cart based system, an API like PayPal's and no transaction fees (except for the transaction fees by the BitCoin network). It would have a UDP API for game-based micropayments, too.

You might say; why not let the end-user use the BitCoin API? Well, some people may not have a 24/7 server where they can run the daemon (e.g. shared hosting), additionally, it would be super easy, wouldn't require any programming knowledge (unless they wanted to get advanced).

Does anyone else like this idea?

Well, I couldn't find any good directions on how to package a .deb for a ppa, but I haven't given up hope yet.  Anyone who can throw some documentation my way would be awesome.  Right now I'm trying a different strategy.

This is a very good solution.  I was looking around on random.org, but I hadn't thought it all the way through.  Would you be interested in buying into a lottery like this?  It's interesting, because it doesn't reward buying a bunch of guesses at once (each one gives diminishing returns, because you're putting more money into the pot) and the longer it goes on (maybe capped to a week, and whoever's closest after a week wins) the more profitable it would be, because there'd be less choices, thus more chances for winning.  It's almost like a Bingo lottery. =P

I was considering starting something like a "real time lotto", but wanted to probe the community first.

How would everyone here feel about a lotto that works as following:

I, or some third party, would choose a random number and keep it a secret, and put several bitcoins into the pot to get things going.
People begin to guess numbers at 1btc each guess.  Each bitcoin goes into the pot.
This continues until someone guesses the number, at which point 3 things happen:
80% (or some other number, it's up to how people react) of the pot goes to the winner.
1% goes to me (very modest, I should say)
19% stays in the pot to get it started for the next one, and a random number is chosen again.

This could be automated, as a (potentially) very fast paced lottery.

So:  
What numbers should I use above, or are the values I've chosen reasonable?
Would you prefer the "already guessed" numbers be shown?  Hidden?  Shown after they've been guessed multiple times?
Any other ideas/suggestions?

I'll try, I just downloaded realfibs. My name is FreeMoney.

edit: just realized it's been two hours since you posted, let me know if you're still here.