There will be no outcome, it's simply a hearing to shape future lawmaking. Maybe. They are going to want to regulate it, of course. Everyone knows this, it's what these government agencies do. For the children. The debate will be if they can, or should, regulate. My take is that these guys know the US is in dire straits as far as overspending and debt, and regulating the hell out of Bitcoin business will be simply shooting themselves in the foot.

I have a 2G that's fairly beat up with a sleep/wake button that's semi-functional, but it works. PM me if you want it.

Sweet Jesus.

Agreed Congressional hearings are always meh anyway. Political theater. Ever see one with Bernanke?

Senator XYZ: Mr. Bernanke, [5 minute grandstanding on related political issue] blah blah blah, what do you think?

Bernanke: Yes, [5 minute speech on economics using academic terminology that neither makes any sense nor answers the question] blah blah, thank you.

Rinse and repeat for a few hours. It will be a chance for the public to hear more about Bitcoin, which is a good thing.

Where's the Chinese mafia when you need them?

Global adoption, supply and demand. What do you expect the price to do? Check out the speculation forum, people are literally begging for cheap coins.

A bit conspiratorial IMO. Possible of course, but probably not. Chinese like bitcoin for likely the same reason everyone else does. Ron Paul once said that freedom is popular. He is right.

The community was many times younger before the April crash. We had one exchange that constantly lagged out and got DDOSed, and the price was constantly at their whim. The market was very wary that a poorly coded TRADING CARD engine was Bitcoin's Achilles heel. Not any more. The free market is quick at correcting these problems.

They're not going to sell their coins just because you want more.

If the producers are invested in Bitcoin, don't be so sure. Money talks.

Great news guys. John just emailed me saying he was busy with midterms, but will be back online tomorrow to process the remaining refunds.

Well that was fun. Grabbed some coins @ $396. The bull rush to buy back at ~$400 was obvious. China could have led us lower but they more or less shrugged it off.

We could go lower this weekend, but the psychology of the new Bitcoiners may prevent it.

Watch the tape. Read the tape. It tells a story. When it's time to cross the road, look both ways and walk. Don't hesitate.

No kidding. There's even a poll now. Can't believe people fall for this.

It's been being sharpened for a few days now.

Another leg down on Stamp, momentum drying up as selling pressure increases.

"Captain, I don't like the look of the mist."

Still waiting, not a peep. I've PMed and emailed him personally with no response. Two weeks is a really long time for the most trusted member of the forum to be incommunicado.

Coinbase is indeed very easy. Once CampBX implements ACH deposits I'll be the first to buy those cheap coins. The gap will close almost instantly.

This is the exact reason they won't ban it. They'll show their tyrannical hand to the ordinary folks who still believe the US is a free country. Our elections depend on this.

Also people on Wall St will be making money hand over fist. And we know who they own.

Jeff does a great job here. And the host starts out contrarian, but becomes more and more interested throughout the interview.

You don't know any of this for sure. Your crystal ball about how governments will react is no better than anyone elses. And by "our own approach" you mean the Foundation's approach behind closed doors.

Impossible to prevent, yes. But the Bitcoin Foundation shouldn't be behind it.