From BankInnovation.net: http://www.bankinnovation.net/profiles/blogs/the-dark-side-of-emerging

He doesn't mention btc, but from the way he shits his trousers about Facebook credits, I think we're his worst nightmare

If you tried to live entirely from bitmunchies, you just might get scurvy . Perhaps adding multivitamins to your inventory would be in order?

Yeah, there's definitely been a learning curve with pricing for our t-shirt store what with the gyrations of the past few weeks - and we only sell one product . At the moment we're not doing returns, but the policy of returning at the current price does make sense to a certain extent. However, stores that are having mark-downs will often still refund the full purchase price, so even doing that would not necessarily match the services offered by dealers of FRNs. My hope is that, if btc catches on, the initial run-up bubble and crash is followed by relative price stability. Until that happens, the growth of the goods and services economy will be a bit hobbled...

I'll be heading to the post-office in a bit, so if anyone else wants their shirt to ship today, order in the next hour or so...

Maybe set it up as a co-operative bank?
http://cuhistory.blogspot.com/2011/04/bitcoin-natural-experiment-for-credit.html

I might be interested in trying my hand, particularly in the business or community sections. One question - will editors have an ownership stake in the firm (i.e. will it be set up as a co-operative, a sole proprietorship, etc.).

Sample piece: http://cuhistory.blogspot.com/2011/04/bitcoin-natural-experiment-for-credit.html
Interview (I'm the interviewer): http://asrblog.com/2011/04/18/2011-04-20-geoff-golder-on-the-new-crypto-currency-bitcoin/

Currently ~8 btc w/ shipping in the USA (will automatically adjust) - Go to http://www.iusecoins.com to get yours!

The alpaca socks market needs competition; break that monopoly!

@doood - Thanks for the referral!

@SmokeTooMuch - Thanks for the order!

@deadlizard - Yeah, that was a crazy up-and-down rally and crash; hence pricing in some volatility risk . Did someone just show up at mt gox with twenty grand and lay it out all at once?

Also, I'm going to head to the post office in about an hour, so if anyone else wants their shirt shipped today, submit your order between now and then

Well, we decided to start this as an experiment in a btc-exclusive enterprise. We paid FRNs for our initial batch of shirts, but, if we're successful selling them, a local screen printer has said he'd consider accepting coins for future runs/new designs. The goal is to be able to meet virtually all of our overhead in coins, so if folks have designs that they'd think it'd make sense to whip up in a small-to-medium sized batch, we're definitely open to suggestions!

@Distribution
The shirts are Gildan Preshrunk Heavy Cotton

@Memory Dealers
A new address for each purchase.

We just got in our first batch of shirts, so get 'em while they're hot! 15btc incl. shipping in the USA, a small surcharge for international shipping.



Go to http://www.iusecoins.com to order!

I just posted some observations on this idea over at the Credit Union History blog: http://cuhistory.blogspot.com/2011/04/bitcoin-natural-experiment-for-credit.html

A key element might involve the creation of many credit unions, as one of the original bases of the movement was that the members of the organization shared a "common bond," which ensured that members would be generally aware of each others' financial situations, and that there would be social consequences for people who default.  As such, perhaps you would have many small "credit unions," and if any one has a surplus of deposits or credit demand, they could make inter-institutional loans through a meta-credit union that would be owned co-operatively by the credit unions.

As a historian of the credit union movement, I think this idea is the bee's knees. I'll be curious to watch for new developments...

I'm a totally command-line illiterate ubuntu user, so I just copy/pasted the above into the command line, and it seemed to install. Now what do I do?