vin300 said:
I've always had a problem with the equivalence concept. To begin with, energy is an abstract reality. It keeps changing form, always flowing to counter differences. Mass does the opposite, it concentrates, attracts other masses. An object is motion made up of a specific set of matter, is said to possess, some more mass, but this looks like an incomplete story. If I throw a piece of silver does the extra mass take the form of nuclear energy, some more particles of silver or something else? Everything that looks stupid is because it is done incompletely, as is the case here.
One of the traditional, pre-relativistic concepts of mass was "quantity of material". I don't recall the exact history of this idea anymore, but it predated Newton.
Energy does not qualify as a "quantity of material" for the reasons you outline above, informally. To try and express what I think the idea behind what you said is, the point is that energy depends not only on the object, but it's frame of reference. Thus if we consider a bullet (minus its shell, just the projectile part) before we fired it from a gun, and the same bullet moving after we fired it, the bullet has more energy when it's moving than when it's still.
Of course, the idea of motion is relative, and frame-dependent. If you consider things from the frame of reference co-moving with the bullet, the bullet is not moving in that frame. So what happens to the energy in this case? The answer is that nothing "happens", energy depends not only the object (the bullet), but what frame of reference the object is in. In any given frame, energy remains the same over time, i.e. it's conserved, but the value of that conserved energy in general depends on which frame of reference you choose. And you're free to choose any frame of reference you like, as long as you stick with it. The operation of changing frames of reference does not yield the same energy of a system, but it's not a physical process, and the fact that the energy is different depending on your choice does not violate the conservation of energy.
As other posters have noted, the idea of "relativistic mass" has fallen out of favor in mainstream science (though it's still quite comon in popularizations, especially old popularlizations, which never seem to die). Instead of giving energy a new name (relativistic mass), most modern texts and papers just call it energy. We have a different concept of mass, called invariant mass, that is more like the original idea of "quantity of material".
However, while invariant mass is more similar to the idea of "quantity of material", it's not exactly the same. Consider taking the above mentioned bullet, and heating it. Heating it adds rest energy to the bullet, and invariant mass can be regarded (in units where c=1) as given by the formula ##m^2 = E^2 - p^2##. If you prefer to keep the factors of "c", which are generally just regarded as unit conversions, the formula is ##m^2 c^4 = E^2 - p^2 c^2##. If you evaluate these formulae (the first is obviously simpler), adding energy to an object without increasing it's momentum increases its invariant mass. So invariant mass is not a "quantity of material", it does include internal energy such as heat energy.
To summarize, there are two commonly sorts of "mass" defined, and you will encounter both of them on PF. So you really need to be familiar with both to distinguish which one is meant, and if it's important and not clear from context, ask which one is meant.
If you happen to wonder - what sort of mass goes into the formula for Newton's gravity, i.e F = GmM/r^2, the answer is neither one. Newtonian gravity isn't compatible with special relativity, and the sort of gravity that is compatibility with special relativity (General Relativity) does not use either the invariant or the relativistic mass of an object as the source of gravity. What it does use is a topic best left for another thread.