Hey there,
I wanted to create a FTC faucet to get more people into it, but I prefer to not spend too much time and money on developing,web hosting, domani registration. Is there a cheap way for a domain and hosting, and some sort of API to create a faucet? Thanks

This morning I have configured my own and all my employees' email message templates to put my company Bitcoin address in the signature. That feels so good. Smiley Hopefully some of our customers will ask what this is. I would suggest whoever can to do the same, you never know.

Simply put, the term "mining", when used to describe an activity being done on a computer, sounds like either part of a game, or not a serious thing.

But in essence, our "miners" out there are the transaction processers who help validate the integrity of the currency and relay that information to all the users.  While the basic part of BTC is P2P, it is the "miners" acting as work servers whom keep the ball rolling.

What can be a better term than "mining"?   Every time I think of it, I think it is childish and game-oriented.  I know that there are real world miners out there, and that is not childish in the least bit, but when you attach the term to an activity done on a computer, it just sounds so juvenile.


A few simple suggestions to replace the term "Miner:

Transaction Server
Crypto Server
Hashing Farm

...seriously, anything but miner.   In the short-term, servers make their money by the 50BTC bounty on a block, but they will in the future be making the majority of their money off of transaction fees that they collected while encrypting those transactions.

Let's say I tattoo a public key and private key to the same wallet on my body. Will I technically have all of my finances at hand, assuming I use the same address?

Local Exchange Trading Systems (LETS) also known as LETSystems are local, non-profit exchange networks in which goods and services can be traded without the need for printed currency. In some places, e.g. Toronto, the scheme has been called the Local Employment and Trading System.

Michael Linton originated the term "Local Exchange Trading System" in 1983 and, for a time ran the Comox Valley LETSystems in Courtenay, British Columbia. The system he designed was intended as an adjunct to the national currency, rather than a replacement for it, although there are examples of individuals who have managed to replace their use of national currency through inventive usage of LETS.[citation needed]

LETS networks use interest-free local credit so direct swaps do not need to be made. For instance, a member may earn credit by doing childcare for one person and spend it later on carpentry with another person in the same network. In LETS, unlike other local currencies, no scrip is issued, but rather transactions are recorded in a central location open to all members. As credit is issued by the network members, for the benefit of the members themselves, LETS are considered mutual credit systems. The time-based currency mentioned in United Nations Millennium Declaration C6 to Governments was a UNILETS United Nations International & Local Employment-Trading System to restructure the global financial architecture

If you're a developer and would like to participate in our Four Hour Bitcoin Hackathon event this Saturday... You can connect to it virtually, via Skype, etc. Just RSVP here: http://www.meetup.com/bitcoin/events/16901022/ and you can contact us!

How different would Bitcoin be if it was designed to be handled completly by humans?

Can the proof of work dificulty be tweaked to an extreme such that regular people with spare time could solve blocks with pen and paper? How would the network work with people exchanging and copying sheets of paper? Would it be possible to get reliable confirmation of transfers in less than a day? What would need to be changed and what would work just the way it is?

Fed up with the state of the Earth, a group of people decide to build a space ship and find a new habitat among the stars. Due to weight constraints, they can't bring very much stuff. Luckily, bitcoins, weigh nothing. As their favorite earthly currency, they decide to bring it with them to their new home.

Assuming that they can find another habitable rock, get there without succumbing to the hazards of space travel, not trash said rock and annihilate themselves, and then reunite somehow with Earth, will the bitcoins they will have generated still work?