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8

Technology is helping with this. For instance, I don't know what the fair price is for a GPS device that I see for sale at Best Buy, for instance. I whip out my mobile and do Amazon price check to see what the price is elsewhere. This app could just as easily display the price in BTCs. So therefore, we already are getting in the habit of distancing from ...


8

Bit-Pay has a mobile app that allows acceptance of mobile payments. It's not native for the iPad, but it should work, albeit at a lower resolution. There are a few other iPad apps, but none that implement any sort of payment functionality.


4

This sounds good, in broad strokes. There are a couple of things I would watch out for: Refunds can be tricky. People who are using web wallets may not really have their own addresses; the wallet operator has a large pool of addresses and tracks customer balances internally. When the customer wants to make a payment, the operator pays from one of the ...


2

Only for the USA at the moment according to reddit If you go to the checkout page on Overstock you'll see an option to pay with Bitcoin! -edit- For now it's only available on the U.S. checkout but I hear from reliable sources that they will roll it out to international after a bake in period.


2

That sounds reasonable. I would add that since you'll most likely want to accept unconfirmed transactions, it would be also good practice to check with a list of trusted nodes (such as large mining pools) if they received the transaction. This doesn't entirely remove the risk of a double-spend, but it mitigates it.


2

As of right now, there is not a standard way to return other than to ask the returnee for an address to which the returner can send. You could ask for them to verify the address by signing some text with its private key, however, users of web wallets are at a disadvantage because not all wallets provide this functionality. It is too onerous to ask for a ...


2

Bitcoin is the incumbent in the space with a strong lead. It is not feasible to create faster blocks than about 60 seconds (as short block intervals create a host of other problems). 60 seconds however, is still way too long to wait at a cash register for a payment to confirm, and would be incompatible with current checkout processes. This means: ...


1

Mycelium Gear works well with Electrum and Wordpress. As does CoinSimple. Each: Money straight to your HD wallet with Electrum - one address per sale. Each has a plugin for Wordpress.


1

I've searched quite a lot for something like this and to my knowledge, the answer is no. the bitcoinway plugin you reference was the closest thing to a working plugin that required no middleman. It used to work with the older woocommerce and the 1.9.8 mpk but it doesn't work at all now with the latest woocommerce version. It has not been updated in a long ...


1

As a precaution, I think you should never dispose the temporary addresses. Maybe keep them in a database, because you never know when someone may accidentally send bitcoins to the same address again.


1

No, the first and big retailer that accepts bitcoins was Overstock.com and only for orders inside United States. Also recently TigerDirect started accepting bitcoin payments for online orders.


1

Firstly I think you assume too much that wide adoption of Bitcoin will bring stability. Is the gold market stable because it's probably currently (close to) the biggest it's ever been? No, it's still volatile. There are organisations that try to bring stability to govt currencies. For example, the Reserve Bank of New Zealand has a guideline to keep ...


1

It is very interesting question. Psychology in those things work this way: You see a price of something in BTC, then you can buy it or not. You will probably memorize the price (if you bought it, the incentive will be bigger). It will become your experience including the information of price and the thing it represents. This way you will know about many ...


1

IT industry is a great example of deflation, those products get cheaper over time, and it doesn't cause any distress when you need to calculate what you can buy with your money. Psychological feeling that you are referring to comes from the ability to anticipate the value change of 1 BTC. In case of a stable change such as deflation it is easy, but if the ...


1

Bitcoins can be sold for other currencies at Bitcoin exchanges and exchange services. There are many exchanges all over the world (listed here), but the largest exchange with the greatest depth is Mt. Gox. You can also use a merchant services provider such as Bit-Pay which will automatically handle for you both receiving Bitcoin payments and immediately ...


1

If you'd be using solely Bitcoins, you wouldn't need the cash drawer (unless if you'd want to use physical Bitcoins, which would be awesome in itself). Alternatively, you could set it up so Bitcoins would be an alternative way of paying. As both the printer and the cash drawer appear not to be produced by the same company that delivers the app, one can ...


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