No. think eggs and baskets.

I'm hoping things cool off a little. Steady long term growth is a more positive signal for me.

One could envision new ways of paying wages in bitcoin. You could pay pickers by the bushel. Every time they dump a new load, their wallet is sent an amount. This could work for all sorts of projects in an automated way. Forget being paid "by the hour". Why not "by the ...??"

It's transparent nature, which does not need trust to operate.

Although it does require some reading, I would not rule out bitinstant.com as an option. You will need to set up an Mt.Gox account, but you could then fund it and have your bitcoin right away.
Some fees, but not crippling like a credit card.

Iran evades sanctions by trading oil for gold in Turkey then smuggling it to places like Dubai. No one wants Iranian Rial, but if they could pay in gold then I'm sure they could find someone to sell them bitcoins.

Looks good man! Thanks for your contribution to the community.   

I haven't thought about that much, but fast food is a good candidate. I should not have to share my credit card info to get a hamburger. Also the risk is mitigated by the smallness of the transactions. What is still needed is a little infrastructure. Someone here was looking into modifying the standard credit card machines to read and use bitcoin addresses from bitcoin based debit cards. Apparently this is not as hard as it seems.

WTF do you have in mind?  

That would be cool, but it's just more than I have. As far as buying a small island; well, I worry that in 20 years it will be in the surf.

Are you having trouble finding reloading supplies also? It seems to be drying up here in Wisconsin.

You go bro!
Some of us have been doing that for a while now. Last year I got a chance to blow some minds by speaking to the Booth School of business, at their innovation roundtable. They are a top tier school for the banking industry.
I think this is the way bitcoin is spreading.

Tell me more I used to live in Belize. It is one of my favorite places ever. What district / island?

Real estate. I want 40 or more acres of wilderness. Preferably in the north woods of Wisconsin. I will pay with $ if I have to, but paying in BTC would be the bomb.

So, your predicting a drop in value to $8? I don't know if your right or wrong, but I assume you can't predict the future either. What indicators are you looking at?
Cheers,

Welcome Tim,
Like many others here, I'm willing to help. If you have any questions feel free to PM me and I will make up a bunch of "facts". 
 Just kidding I will answer to the best of my abilities.
Cheers

The phases of mining started with CPU mining. In the beginning the client could also mine. You just start it up and hope. Next came GPU mining on video cards. This is a much more powerful way to mine. As more people got into mining using a GPU pool helped to be more profitable. Now with ASIC miners, one must buy special equipment made just for BTC mining if you want to be profitable.

The thing i keep in mine is motive. Who would spend huge sums of money to destroy the value of the bitcoins they are forging? It is not rational as it would cost money and produce little/nothing for the attacker. 

I'm glad I didn't take his advice. 

Agreed.  Ok, $20. But $30... Impossible!

Demand......................................................................... .....................Supply



That is all it takes.