well this is where people have to get their head out of the sand and stop thinking mining is the only way to make money.
average joe with fiat in his hand does not make money by minting coins or mining gold, printing bank notes. he works for companies that give him fiat.

so if you work. get your boss to accept bitcoin for the services they offer and you will happily accept that received bitcoin as your wage. if everyone done this, it would change everything

already done
cough litecoin cough
litecoin is for the noobs wanting the sandbox of crypto currency to dip their feet into, learn the ropes, get into business, make some money and then decide if they want to get into the big business of bitcoin, or develop the litecoin further. much like growing up in africa, starting with new economy. do you stay and develop a new economy. or get on a plane and move to the developed world. your free to decide


also to add, thinking that mining is the only way to make money is very narrow minded and shows you have no clue what economy is.

think about todays real bricks and mortar world.

are your family getting an income from minting bank notes or being gold diggers.. no. the creation of the currency should be less then 1% of the total ways to make money.

think about retail, domestic services, fast food, manufacturing.. bitcoin has opened up a new economy just like opening a fresh new country. mining is not the only job vacancy listing.. open your mind. find a niche and become a bitcoin millionaire.

imagine it like this. looking at the fiat market and wishing you could go back 100 years and be right at the start of the "big boys" of business.. well here is your chance

although fincen only care about the fiat exchanges. if..... IF there was a day they moved onto the bitcoin side of the fense by buying up the copyright/trademarks from MTGOX and then taking over armory, blockchain.info, bitcoin foundation. the first thing i would see is forcing the main software developers to add login pages to the programs. which link to personal information.

which would put a dent into bitcoin freedoms. but because fiat is government property and bitcoin is not... it wont ever happen

EDIT
by the word "dent".. i mean, maybe a week of disruption before a new wallet program got released to the masses. so not really an impending doom of any sorts

liberty reserve.. which is a dollar exchanger....

1)local bitcoins
2)bitbargain.co.uk
3)bitcoin-otc-uk

no matter what you will never get exactly what you ask for. but method 4 is the most profitable

4)you could always buy up a load of t-shirts/groceries/ any product with pound coins and offer them to someone for bitcoin.
even petrol to someone nearby that wants to fill their car up with bitcoins.

evidence found 4 years ago puts him as a 90% chance of being from britain.. .. now what..

if someone does not want to be found and they have not committed a crime. leave them alone

so totalling maybe 100 threads to find satoshi.. how about use one of the others.

how about realise you wont learn any secrets about the coding by finding satoshi.. its open source!!

he wanted something different to the standard banking system, so what would be left to ask him if he was found.. all the main answers to questions can be found already

translation is get rid of tin foil hats and chinese whispers. read the regulations about FIAT and realise they can only control the FIAT. so get regulated if you are touching FIAT.

bitcoin unaffected, pools unaffected bitcoin-QT unaffected.

just those innovative teentrepreneurs (teenage amateur entrepreneurs)wanting to exchange fiat for other currencies GET REGULATED.

thier defineition of virtual currency is the difital database balance which resemble FIAT. such as 10.00 which can be cashed out as $10 bank note.. not facebook credits. world of warcraft gold, linden's, bitcoin, litecoin.

so chill out guys gavin andressen has no plans to make logging into bitcoin-qt a manditory registration process involving birth certificates. neither do any of the pools or merchants accepting bitcoin.

just the bitcoin-fiat exchanges.

yet another thread where people don't do the research

the threat is only against the FIAT touching exchanges.

end of

well zuckerburg done well without NDA, so did bill gates and the other guys when they first started.

and as for regulation for money transmitters, you dont need a lawyer, you just need to speak to the financial institutions.

lawyers are expensive, there are better methods of getting the answers you need. normally going straight to the source works best

kinda...


but this is what i meant by not needing the lawyer/NDA.. for the regulations of money transmission you don't need a lawyer but it can help.. but thats something you will need later on, not right away

look at a typical town, there are several electricians, plumbers, security companies. so the worry of competition world wide is not an issue as the world is a big place and enough for everyone to try a bit of everything.

the same goes for ePoS terminals too. 7-11 stores use different software as walmart, as do bestbuy use different software. so lots of opportunities without worries of competition

it also decentralises services by having competition.

EG instead of having just bitinstant as the method into bitcoin and bitpay as the method out (as seen in late 2011- early 2012)

so i do not see the point of lawyers and NDA's. also start locally, in your own town. thus not needing plane tickets and hotel rooms to have meeting with potential merchants.(seeing as you will be starting with very limited funds, as admitted by yourself)

allow expansion as a later part of your plan. or as a franchise idea once funds start moving. but first thing is to get one local merchant under your belt using them as a reference to then accumulate the next few businesses using your idea.

+10

+10

i say this because they only care about the virtual FIAT exchanges. this does not mean mining pools have to start taking identification. this does not mean bitcoin-QT needs to have a registered usernames linked to birth certificates and such. its still all about the digital (on computer database balances of FIAT) such as mtgox/btc-e/bitstampt/vircurex/etc

remember the last fincen report

this means a digital database balance of 10.00 which represents a withdrawal equivalence of a $10 bank note. it has nothing to do with 0.09 bitcoins, 145 bunny rabbit credits, 10000 world of warcraft gold. etc.

by your estimate but in proper context.

about 45% of exchanges opened since 2010 never had valid licences.
  about 45% of those never reimbursed customers.

propaganda on both sides is bad. so while we all hate the media making bitcoin look bad. trying to make it the banks fault for the decisions naive and ill experienced coders make, should also be corrected.

yes this is the exact kind of thing i would expect the BF to have got involved in. otherwise they are just their to pay gavin a wage and everyone else listed as BF leaders are useless

the main questions to ask.

in the last 4 years how many guns have been bought in african countries using FIAT/GOLD. now how many have been bought using bitcoin.

with silkroad only doing 20mill of transactions in a whole year. yet statistics shows the whole economy does atleast 27mill dollars of transactions PER DAY with a maximum point of 72mill dollars transacted in just one DAY April 15th. does this really show bitcoin as being a illegal activity currency with only 0.25% known crime rate

for noobs i would say if they want to mine. begin with scrypt based alt coins to start getting a fast amount of coin flowing in, and to use this experience and time to learn the ropes. converting the coins to either bitcoin or litecoin as the 2 main long term coins which has proper infrastructure backing it up.

get to know bitcoin and then decide if you want to become a bitcoin miner (costing you an ASIC) or an entrepreneur (starting a business)

i myself never really mined. i went for the entrepreneur route, trading, investing and running a business. and i got a nice little nest egg of coins which exceeds earnings compared to miners.

find your niche, what excites you and makes you profit. and go for it. i say this because if you dont find mining exciting you wont put as much effort into it to make a success of it. same as being a business owner.

mhmm their sponsors alone indicate its going to be all negative. yet i bet they don't realise or mention that more kids go missing due to dollars, euro, yen then what bitcoin could ever be the cause of.

here is the script in short, to save you having to wait for leaked video footage

"bitcoins are bad, ya hear"

original OP question
not only does it just transmit transactions. the QT client has the main rules of the chain.. the more people running X version of qt client = more people agreeing the rules are acceptable and ensures any future forks (if they are the mass party running the same version) follow those set rules and ensure that any minor changes by individuals that go against the widely accepted rules gets ignored.

which brings it on to the next important part. miners create blocks depending on whatever versions they run, so they could fork the chain easily(well with enough hash power to 51%) but without all the other nodes saying we accept or reject this block the fork would either live on or die, so yes the QT client is important

getting average joe on the street to take it is one thing. but proper organised merchant approaches are needed also. it seems the majority of people who tell their friends. obviously sound like they are not in work to tell work colleagues, bosses or suppliers about it.

so to all of those teentrepreneurs (teenage entrepreneurs) please don't concentrate on your brother, nephew, college dorm friends. concentrate on your lecturers, parents, adult relations that have jobs and work places that may benefit from bitcoin.

it seems to me that bitcoin is still stuck in the basement dwelling, 'youtube armchair anarchists' population. which just leads to more people having bitcoin but no big proper LEGIT places to spend them on.

yes i know that there are thousands of places to spend them on . but an average city has more then that many businesses in one city. so its still, spread out across the world very very small.

i have had both successes getting many merchants taking on bitcoin, and headaches convincing others. but the key secret is, if one of their employee's understands it and talks about it, it has a higher chance of success. so please talk to your relatives that work for a living