Alrighty, I cut it down to size, it now reads:

Protection from Vandalism
We’ve talked a lot about what information in Bitcoin is public knowledge, but what exactly needs to be kept private? Each user must keep secret the information that allows them to render digital signatures for their accounts – otherwise a thief could announce transactions to remove money from their accounts. This information is kept inside of each user’s “wallet”, which is stored as a file on their computer. It is highly recommended that you encrypt your wallet and make periodic backups.

Initial Issuance
To bring “coins” into circulation, the first certain number of blocks in the block chain represent newly issued Bitcoins, which are used to pay those who help build the chain (rather than transaction fees). This mechanism is policed in the same manner as everything in Bitcoin: via the consensus mechanism. Even though individual Bitcoin users may wish to counterfeit, no user would desire others to counterfeit, and so they reject a block chain that includes new Bitcoins past a certain limit, which is agreed to be 21 million Bitcoins. The fear of non-recognition by other auditors means that no individual would ever accept as payment a coin that is known to be counterfeit.

This is better.

This is worse.


Initial Issuance
To bring “coins” into circulation, those who generate a new block are rewarded with newly issued Bitcoins in addition to any transaction fees. The amount of new coins awarded will decrease over time eventually reaching zero when there are 21 million total Bitcoins.

Thanks, here is the current version:

Protection from Vandalism
Each user must keep secret the information that allows them to render digital signatures for their accounts – otherwise a thief could announce transactions to remove money from their accounts. This information is kept inside of each user’s “wallet” file. Please refer to the FAQ at bitcoin.org for information on how to encrypt and backup your wallet.

Initial Issuance
To bring “coins” into circulation, those who construct the block chain are rewarded with newly issued Bitcoins in addition to any transaction fees. The amount of new coins awarded will decrease over time eventually reaching zero when there are 21 million total Bitcoins.

It's done as a right bitwise shift (of a 64-bit integer). The reward will go from 0.00000001 to 0. Then no more coins will be created. The maximum number of coins is 20,999,999.9769.

Correct.

Sorry I'm coming in a little late with this, but do we want to expose Bitcoin to the liability of being a "currency"? In another thread, I've posited that we should be careful not to claim that Bitcoin is useful for any particular purpose, especially as a currency or money. That could leave us open for charges of fraud.

I prefer that the government believe in their own legal fiction and regard us as "toy money".

I can and will post this information the moment it is published. I don't know yet when that will be. I'm hoping within approximately one month from now.

thanks

lots of help from the forums though