Lots of issues, for sure. will these issues be worked out? or more correctly asked, can these issues be worked out? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) They will be worked when more people spend their Bitcoins on products and services so that the actual economy is larger than the speculative economy.
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Once you learn GNU Screen you'll never be able to live without it.
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For those of you who want to improve your omega-3 intakes Bitucopia.com is now available for you to purchase grass-fed meats.
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- Banks do provide some useful services (e.g. safe storage of your money - when your bank-wallet's gone they are fully liable, exchanging currencies, providing loans at reasonable rates, professional advice on money matters ... hopefully ;-) )
A decentralized digital currency drastically reduces or eliminates the need for these services so Bitcoin represents an existential threat to banks. [/list]
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Unless you have a firewall or are on an internal network...
What does being on an internal network have to do with anything? The connection is between the customer's browser and his bitcoin client over the loopback address. If someone has a personal firewall program he's already had to intervene to allow it to listen on port 8333 so it would just be a matter of letting it listen on another port.
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It can go as high as $10 million, if suddenly tomorrow morning all worldwide commerce was denominated in Bitcoins.
The (non-speculative) value of a currency is the total value of the products and services that can be purchased with it divided by the number of currency units. If you want to know how much it will be worth at some point in the future make the best estimate you can about how large the Bitcoin-denominated economy will be at that point and divide by the number of Bitcoins that will exist.
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That would work but it requires you to teach every browser how to handle the bitcoin:// protocol. Running a local web server requires no additional configuration of other applications.
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This suggestion is inspired by the method the Musicbrainz Tagger manages to communicate information from its website to the local application.
In order to have a better experience for online shopping the Bitcoin client should include a lightweight webserver and listen for incoming connections on localhost:8334. At the final stage of checking out from a store that accepts bitcoins the browser will be directed to send a POST to localhost:8834 containing the transfer details. Then the Bitcoin application will receive this information and pop up a confirmation dialog box to complete the transaction.
Now you can run an online store that accepts Bitcoins that needs neither a third-party payment processor nor requires the user to manually copy a Bitcoin address and initiate a transfer. This will make life much easier for store owners and customers.
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Is the module compatible with OpenCart 1.5?
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If you have inflation, you do not have a gold standard. If you have the gold standard, you do not have inflation. These are definitions, not arguments. This is demonstrably false. Just look at a graph of dollar value from 1790-1913 and try to reconcile what you just said with the extreme spikes between inflation and deflation that occurred on extremely short intervals. The truth is that for the last few centuries credit has made up the majority of the money supply, not currency. Even on the gold standard banks could inflate and deflate the money supply at will by manipulating credit and in fact that's where all the depressions in the 19th century came from - all the banks would agree to stop making loans on a certain date and crash the economy so that they could foreclose on everything.
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.abelsfire.com%2Fimage%2Fcache%2Fdata%2FProducts%2FStar_Wars_81_left_1.21603029_std-500x500.jpg&t=663&c=w7XR4nkyLgcMuQ) A long time ago in a galaxy far, far away... That is the beginning line to every Star Wars film, a movie franchise that has made billions worldwide. Star Wars is loved by thousands, most likely millions of people of all ages worldwide. It's a pseudo-mythology that is sorely lacking in today's high speed information age; a pseudo-mythology because the series is based on the amalgamation of many myths of the past. Though Star Wars does deal partly with a new mythology: man and machine. With Darth Vader the question is where does the man stop and the machine start? Enough introspection though, Star Wars is an immensely popular series and when anything gets enough steam behind it, the inevitable arcade/video game will only provide more fuel. So it was on the the heels of Return of the Jedi in 1983 that Atari released the Star Wars arcade game. In it, you pilot an X-Wing star fighter as Luke Skywalker, future Jedi Master, and the one to bring balance to the Force. It'll take all your experience from Beggar's Canyon back home to make the assault on the Death Star. The Rebellion is counting on you. In Star Wars, you fight your way through three stages. The first being a dogfight with TIE fighters, the next maneuvering across the surface of the Death Star, and the last making your final run along the trench to fire your torpedoes down the exhaust port, creating a chain reaction and destroying the Death Star once and for all. It should be noted that Star Wars used state of the art, for 1983, color vectors for it's graphics, as well as voice captures of Han, Obi-Wan, Darth Vader, R2-D2, and Luke. This game is a must have for any Star Wars fan. Available for purchase at $1250 (plus shipping if applicable) BTC equivalent.
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All the publicity about the Silk Road is definitely driving up the sales of bitcoins. In the last week, the listings on that site, and the orders, have more than doubled. How many of those new listings were DEA agents?
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In the long term it would probably damage the dollar but in the short term demand for dollars would still exist (to pay private debts, make payroll, etc) while the supply would have been drastically reduced.
In a debt default scenario dollars to become priceless before they become worthless.
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Debt default is deflationary.
If all the US federal government debt all of a sudden became worthless then all those bonds would no longer be good collateral for loans so you'd see a severe credit contraction and the price of the dollar would go up.
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If you believe that Bitcoin will grow until it displaces all other currencies in the world then eventually the value of a Bitcoin will reach $70 trillion / 21 million = about $3 million and then steadily appreciate with world GDP growth.
In that scenario you'd expect an S curve to describe the trajectory.
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If it isn't completely irrelevant to me whether I keep my bitcoins at Mt.Gox, mybitcoin, instawallet or in my own client, then Bitcoins lose a huge part of their attraction -- namely that I can move them about on demand at my whim, not the whim of my bank/exchange/wallet-provider/government. The very real legal risks of not complying with government rules regarding currency transfer are very relevant to the brick-and-mortar companies you want to to business with. If you don't like these rules blame the government. If you want to violate the laws that's fine but don't be surprised if people with more tangible assets to have seized don't go along with you.
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Adding a positive and removing a negative are the same thing, last time I checked.
I guess it's time for a car analogy. The various lubricants in an automobile reduce friction but they don't actually drive the car forward.
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I always recommend a good dose of Stephan Molyneux for people still suffering from delusions regarding government and religion. As far as the subject of the thread goes: yes, you should always pay whatever taxes are required exactly for the same reason that you hand over your wallet to a mugger who's got a gun pointed at your head. Getting yourself thrown in jail does not increase your personal freedom or anyone else's.
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This ice hockey game from Williams allows for four players. Buy online or in person using Bitcoin, cash, or PayPal. Exact exchange rate will be determined at the time of order.
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