i really wanna get some bitcoins...retarded trading patterns and all...seems like a fun thing to get into for a couple houndred bucks to sweat even if i have no idea how it will all end up...

Not quite sure what you are saying. Someone creating the software and doing the work marketing it, etc... would be motivated.

You need people using it, though. The best people to get is all the miners who are crying on the forums "wah, its so hard, and it used to be so easy!" They fail to realize that the coins were worthless back then (one guy paid 10,000 for 2 pizzas, lol @ him now). You'll get swarms of people trying to get in on these because they are easier to get, and maybe they'll go up by 10,000x too! It will get attention. But the people in charge will be smart (if it works).

the 10k bitcoin for 2 pizzas guy isn't real happy with himself right now.

That guy probably has 9 hookers sitting in a mountain of blow right now. You think he used his last 10k coins to buy 2 pizzas?

(maybe not hookers and blow, iirc correctly he has a little kid, probably building him an amusement park or something)

Do you have funds on any site US players can use? I was thinking of getting into one of those for a couple hundred.

i'm about to drop a grand into this ****, will i be sorry?

plz tell me the future, anyone smart.

Are there greater fools than you? If so, invest! If not, run!

1. The bitcoin block is increasing 3 mb a day and it might double every month. It is suppose to only increase 2.8 mb a year.

2. Mining does not protect the network it weakens it. The main client, protects it and not there are talks of light clients. Bitcoin mining only determines who controls making blocks. If a light client is developed, everyone will switch to it. In fact, if a light client is developed, there might only be a dozen clients open in a year due to the size of the block. Who wants their hard disk churning all day, for no payback.

The way I see it is the main client is just a fancy bittorrent client, used mainly to download the block. The nodes protect it.

The lydian tiger the first coin about 700 bc was made of electrum (gold and silver). But, from what I read each coin was worth about a months salary. There is no reason why bitcoin2 could be limited to say 1 million and not divisible. Also all coins not used for 5 years, could be deleted out of the system and distribute to nodes with the most uptime.

As a side note say the average salary is $3000 today and the metal in a lydian tiger is today worth $50. 2700 years. If you do the inflation rate is still 0.2% over that time. If the inflation rate was 1%, the tiger would be worth $23263723000000.

Where do you get that it's only supposed to go up 2.8MB/year? And who cares? It's not 1985 anymore. Disk space is cheap.

How does mining weaken the network? The more miners, the harder it is for someone to double-spend. How does the client protect anything?

Yes, let's make a coin that's not useful at all by not dividing it.

What makes you think a month's salary then is the same now?

bodog, but they don't have transfers.

i've been doing a slight bit of due diligence and i think TC may be able to hook it up whenever i get around to it. lol

Just hit $23. Crash coming?

There's just no way miners are selling much of the 7000 new coins every day. Most have to be hoarded.

I think so. But it may take a while.

My guess is most miners are selling the majority as they get them, at least if they're doing it on any sort of scale. If they wanted to bet on bitcoins appreciating they'd get more bang for their buck buying bitcoins than they would buying mining rigs.

But yeah, some hoarding for sure. My number-from-my-ass would be 50% of new coins are hitting the market every day. $70,000/day in new money seems far from impossible. I wouldn't be surprised if that Gawker article alone drove several million dollars.

Maybe they are selling yesterdays coins, or last weeks, who cares? But people sold 70k on MtGox today. The world is having no problem absorbing the trickle of new coins.