Bitcoin definitely has problems it needs to solve. However, one of the coolest things about Bitcoin is that there are so few hurdles in implementing technical s

Bitcoin definitely has problems it needs to solve. However, one of the coolest things about Bitcoin is that there are so few hurdles in implementing technical solutions to the problems it needs to solve. Worried about buying something and getting scammed? Develop an escrow service or a reputation system or some other interesting solution. Worried about the security of your wallet file? Think about how distributed file systems like Wuala work. What about making a system where you work with your friends to have a distributed and encrypted backup of all of your wallets? Tack on a mobile API and you can access it from your phone without needing your own 24/7 server or a central authority. Worried about price stability? Develop another escrow-like payment service that gives a pay date range (say a week) and offers to refund the purchase or increase the purchase amount (up to a certain point) if the value of bitcoin changes too much during that time. Or, (more likely) think of a better technical solution on top of bitcoin that allows for stable pricing even if the value of bitcoin fluctuates. Worried about government crackdowns and exchanging for dollars? Develop a craigslist alternative where people can trade their physical goods for bitcoins with other users nearby.