If I buy bitcoins from Mt.gox via UK £ Bank transfer, will it give me the current rate for coins from the moment I initiate the bank transfer, or the rate when it will actually receive the money? Hope I'm talking sense here.

Neither actually. when they get the EUR they'll put them in your account as EUR, then you can buy BTC immediately, wait or even change your mind and withdraw EUR.

lookin for 15 btc

can pay wells fargo xfer, paypal or carbon(will pay vig for carbon)

Ahh ofcourse.. thanks!

I want to buy 2k worth of btc

Will pay you MT.GOX price through stars. I won't send first but will do as small increments as you like.

I'm Cardrunners HSNL video producer and very well known, I also have many successful transactions in the P2P thread.

I just want to say:

- money is a temporary substitute that is designed to have a growth parallel to GDP of the country. The reason for that growth is to suppress deflationary influence of a used monetary instrument on the economy. The result of that monetary growth is inflation. Instruments like gold (gold back currency) that have a constant total value (for the sake of arg.) produce that deflationary pressure and are not suitable for the current economy...

- bitcoin is the same (has a maximum possible number of bitcoins in circulation) so it's a failed cause, it will never be any important as that blog won't (I'm insulting you, but it just because I'm tipsy, nhf). Gov. has a monopoly on coercion so you can all cry all you want, in the end fiat currency will never change.

- all current problems with the fiat currency go away with tight regulation from the central bank (Bundesbank has been a great example in history). Unfortunately FED and ECB are not and are in all fairness an epic fail....

tl;dr

cliffs: bitcoin = lol

cliffs: you = lol. donkeykong2 = lol

I feel insulted, but would like to hear why....

Oh noes, the prices be falling! Who will buy a PC or video game, since thar be deflation!

haha, funny...

It still holds true, you can expect a strain on the economy moving more money in savings then circulation. Totally other problem is gov that in past liked inflationary ruining the game so we don't have deflation examples...

Except money doesn't do anything productive, resources do. If money stays hidden away, then prices drop, which makes investing cheaper, which encourages more investment. Increasing the money supply simply hands money from one party (those who hold currency) to another (those who get the early, cheap money, who are typically the politically connected).

Money staying on the sidelines means nothing. It simply means that more production is available to be purchased for productive activities.

geez, kinky...

you talking about long run, it does mean in the short run - it moves GDP growth towards/closer to 0%. Increasing the money supply does not favors anyone if the government isn't one to benefit from it (that is only running deficit and borrowing transfers wealth to gov).

well i got mostly good feedback from people that have a clue about economics so let s wait what happens. writing a blog with good content is a great way to make contacts which could end up being useful.
your argumentation is ridiculous regarding bitcoins though. deflation is a problem if you have sticky prices, especially wages. no one is paying their employee in bitcoins though so your argument ist not very relevant. also i guess that hoarding will lead to only a mild deflation in the future by effectively constraing the money supply now which will then be freed up in the future.

wages almost never fall that is the problem. you need tremendous pressure to get them down a bit. usually the just rise in an almost straight line which makes no sense economically when money demand switches (obv central banks help them do so nowadays, too).

opportunity cost, imo. But my argument was from the blogosphere distribution and not you personally.
This was my argument, it will never be wide like this because of its constraints....

Pretty much everything in this post is wrong.

They don't need to fall in most cases. If people are more productive, real wages will increase with time. If they don't keep up with society, they get a pay cut. People might be stubborn, but they will adjust when they realize they have no choice. I can want a blowjob from Christie Turlington, but it doesn't mean I'm going to get it.

Increasing money supply favors first receiver, as long it is the productive part of the society it's ok. If it's the gov patching deficit it's bad....
money has been designed as a temporary holder of value, not one that holds it indefinitely...

Yeah, who cares if it steals from someone else, as long as the rich get richer, MIRITE? And of course it has been "designed" that way, being designed that way favors those who can borrow more at cheap rates (the rich and connected) at the expense of those who are the last to receive the benefits (the poor). This is a bug, not a feature.

lolz

we have 100 bitcoins and 100 products, 10 years from now we have 100 bitcoins and 100.000,00 products

bitcoins have the bug, kapish ?

Only if that were actually a problem. You do know that they are divisible down to like 8 or 9 decimal places. But yes, there is a potential problem when you run out of decimal places. Or comma places in your silly Euro notation.

now I know your just trolling...

so you want to constantly deflate the currency, fwiw I wouldn't ever sell my bc....
the only unproductive virtual good that rises constantly in value, a dream come true...

How come people buy PCs or video games, when the same thing will surely be cheaper in a year?

And I'm not trolling, just attacking your complete misunderstanding of everything related to economics. Of course, that's what is taught to people, and without being able to think things through, it's easy to regurgitate.

So you hold it forever, and die without having used it. LOL @ you.

because they depreciate in relative value to other products so their useful utility falls
I was indicating it is better to hold then to sold, not that I will die with them