I wrote up a basic guide on how to compile Bitcoin on Ubuntu. I hope it proves useful to anyone still having issues compiling the graphical client.
http://lickthesalt.com/2010/08/19/compiling-bitcoin-on-ubuntu-10-04-karmic/
That’s a really well written walkthough. Someone should confirm if they followed it and didn’t run into any snags.
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https://bitcointalk.org/index.php?topic=868.msg10275#msg10275