Every time you make a sale, create a new address and match this address to the record of sale in a database.

Otherwise you can give the new address a unique "account name" that identifies the sale so you can then match this up with the payment. This would be fine if you're making only a few sales a day. Totally manageable. For larger businesses, you really need a database of some sort.

Some people have coded bitcoin shopping cart modules for CMSs like Joomla. This might be helpful. I haven't looked into it though.

I can write some customised code and create a database for you for a BTC fee.

You definitely want to create a new address for each sale. This will help you for dodging tax if you're audited and I don't know if there's an easy way to identify a payer otherwise.

I am experienced in html/css. I've styled many web pages from designer templates (not a designer myself). I've never used Wordpress but am experienced with Drupal and Joomla.

I'm sure I can solve your problems, but like 左, I would need to see the site.

Fixing the slider module is an issue that may require access to the web host or a copy of your site to work on. Unless it's just another css issue.

Bitcoins are infinitely divisible. The protocol currently supports 8 decimal places and can easily extended to support as many as needed.

This has been discussed thoroughly before in the forums.

The blockchain?

Revertible transactions and fraud management inherit in established online payment mechanisms drive up the cost of transactions, which is precisely what makes micro-transactions infeasible.

Online payment is hard... because you insist on making it hard. Use bitcoin :-)

I didn't read the article, though.

Business will fail? but won't that reduce the supply of goods driving prices back up?

In a fixed money supply system, deflation is a consequence of growth; the economy is more efficient at creating goods, so prices go down. This is good!

In our fractional reserve system, the banks multiply by 10 the money supply. When there is a recession they stop lending and the money supply can plummet back to 1x. This may be a very disruptive situation and some call it a spiral.

The value of the money supply roughly equals the value of goods that can be bought with it. If there is deflation and the economy is growing, then who cares, great. If there is deflation and the economy is contracting then deflation will stop, people will spend more, shazam! It's a self stabilizing system.

In any case, the problem with deflation is entirely attributable to the fractional reserve system. Inflation is just an excuse for big government. That's it.

What if an outpoint never gets spent, such as with lost coins. Will this create a kind of memory leak of transactions that can never be discarded? Is this a significant problem if at all?

really? I found the description of INTP to fit me with incredible precision, after being classified as such. And it's obvious to me that INTP would love something like bitcoin.

It's really just a way of classifying personality types. Some may fit these classifications rather strongly and some may not be so polarized in all of the four dimensions.

Just looks like exponential growth to me.

http://en.wikipedia.org/wiki/Exponential_growth

the more people that know about bitcoin, the more people will find out about bitcoin => exponential growth. expect more.

because your proud of something abstract or because the graph looks phallic?

Just email it to her and she can print it. Seems like a much easier/cheaper solution that finding an out-of-print book and then messing around with shipping, etc.

I think you're greatly underestimating the growth of the bitcoin economy. the monetary inflation of bitcoin is NOTHING compared with the growth in demand. Growth is exponential at this stage because economic growth is proportional to economic size: The more bitcoin is used, the more people will want to use it. This is true because bitcoin is awesome, as we all know.

Sure, there will be double the amount of coins in 2 years (or whatever the numbers are), but there will be hundreds of times the current demand as well. Just look at how the value has increased over the last few months. You think this will likely flatten out, I think it's much more likely that it will accelerate even more and continue to do so, almost until bitcoin is universally adopted. Unless, of course there is some terrible catastrophe which sends the value of bitcoin to zero.

Sure it does; it shows a non-linear correlation.

@ gene

When you take away resources from the private sector to fund whatever socialist/liberal policy you advocate, you're destroying the potential of the highly creative force of the free market to use those resources to provide what society need in the most efficient manner.


If the government was to tax the private sector to prop up the depressed steel industry, it would be starving the economy of those resources which are needed in other industries. Specifically, in industries that the market has favored over steel. If steel is failing it means that the economy thinks steel is not as important as other things, economic problems or not.

There is no positive feedback mechanism; there is a negative feedback mechanism. The steel industry will contract to meet the needs of the reduced market. This is a stable process/system.

Private sector would do it better, and if not, then it means there were more important uses for those funds.
So what you're describing is the government forcing people to pay for research in X so they can reap the rewards of X. But who are you to decide that people need/want X? Better to let them spend money where they see fit. This is also more democratic as you vote with your wallet.

Centrally planning the economy always ends up hurting it.

lol. I thought the op's quote was from a woman and meant to point out "her" hypocrisy in criticizing dualistic notions.

Without dark there could be no light. Without stupid men there would be no smart women. It's called duality. We create the world of opposites in our mind. Absent that, is pure love.

Why do you address this at Anarcho-Capitalists?

A cheap solution could be to store your "savings" in an offline "vault" and keep smaller amounts in your online client for day to day spending. this limits your risk.

sweet! now do one for Bitcoin. :-)

dodecahedron scheme for the win! it's not like the sphere scheme; the corners are cut off.

What are the unintended consequences? Any convolution of the protocol runs the risk of compromising the whole system. It's not worth it.

Sure some ideas are interesting, but people need to stop having nerd-gassims over it and stick with the game plan.

I think it would be prudent to do as much as possible to prevent integrating other systems into bitcoin. Bitcoin should be kept as simple as possible. If you want to do some freaky shit, just start another blockchain.