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Depending on when you actually submit your payment to the network, it may take 1 minute for it to recognize or a few more. The number of confirmations that you receive will vary across time. But once it is sent and recognized by the network, there is no way of going back. Which, IMO, is a...

Most people are idiots, as well.

I am sure? I'm not sure if there are any guarantees in this fucked up world. By taken over, are you saying something like the blockchain forks? This is pretty technical stuff and it is best explained by one of the developers, which can be found on bitcointalk.org I shouldn't be the one...

Not to be mean, but I am not sure you know exactly what you are talking about.

What? They would need 51% of the hashing power. No one is close to that right now with ASIC mining.

The original owners are the miners. I think you are not understanding something - I would take a closer look to someones previously written explanation about the encryption process and your private keys. There is something called "taint analysis" to see btc movement, but again, I am not...

The network recognizes your private keys from your wallet and that gives you access to your coins on the network. If you want a real technical explanation just search bitcointalk.org forums.

It will be almost impossible to track if you send coins to many separate addresses, but you can keep them all contained in one wallet. Or just use a paper wallet. It really doesn't track your IP, it just tracks the IP of the node it was relayed off of IIRC. To tell you the truth, I do not...

That seems to be well thought out. BTC can be used for good and evil, just like other things, or the internet in general. I see the gov having a very hard time stopping BTC. If you are thinking about getting in, do so with a plan - not that anyone should have to tell you to do that. Just...

you can go to btc-e.com and look around at some others. I would just stick with BTC though, but anything is possible.

I have been in btc for quite a long time, but not from day 1. It is more than a currency to me, but you can call it what you wish. I do not use it as a trade vehicle, but I suppose I do in some sort of way bc all I do is dollar cost average. I believe in its long term value; governments will...

No one can say - also like everything - once it becomes illegal, it becomes more expensive. Hard to say though. I am not sure what Mt Gox is doing right now in relation to resting orders, but there are others that allow these, just search bitcointalk.org forums

like around 12 million or so

It probably only goes up in value if the US makes it illegal. But it will shut down the transition of Mt gox to USA (through coinlab). I dont think this will happen though because as long as people pay tax on it (gains), I doubt they care too much. But it can't be shut down by the government...

nice i sold a lot at 26 as well , bought back in with the rest about 10 days ago, but i could buy nowhere as near as many coins, lost out on a boatload of money

Mt gox, the main exchange, is backed up about 4000 accounts from what the CEO just stated today - IIRC. There is a mad rush to fund btc accounts. Anyway, I sold a lot about a month ago, which hurt, but I needed the cash. I think there is 1 fund out of europe that is involved with speculation...

ive been dollar cost averaging all my money for about 2 years into this.. so yeah

You don't need to use Mt Gox. There are other options for merchants like BitPay etc. I agree, there needs to be greater competition for that market. There is already a handful of companies starting up to compete with them that have been successful in the short term. Anyway, I believe as...

if it is converted immediately what is the difference if the price changes? You are still accepting the btc / us dollar conversion at the pos time. you do not have to hold on to the btc for a certain amt. of time before exchanging it.

Mt. Gox, the major exchange, has had AML and KYC rules in place for quite some time.. This is nothing new really from what I understand after reading about it a few days ago. There are still multiple ways to remain anonymous for obtaining and maintaining bitcoin. Really hasn't done a thing to...