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It's now possible to integrate Bitcoin with your own applications, like web shops or other services. The application programming interface is only included in the SVN sources atm, so you'll have to compile it yourself, ask someone to do it for you or wait for the next release which will be out soon. Here 's a list of services that currently
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[quote user="ama gi"] But it's still worthless if it can't be redeemed for gold or some other asset. [/quote] That's true, Bitcoin is just a token system. Just like any paper money, it has no inherent value, but it can be connected with an economy of real goods and services that people value.
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[quote user="sirius-m"] Real backing can be established whenever someone wants to. [/quote] Well yes, Bitcoin needs a command line UI before it can be accessed from web application frameworks and used for automated trading. That's why I haven't yet started the exchange service myself.
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[quote] There is a site called www.loom.cc which does something similar if you are interested in checking out the competition for what it sounds like you are doing. [/quote] Ok, I'll check it out. [quote] Why is it you think the price of producing bitcoins will be bound by the price of producing electricity eventually. I didn't really get that
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[quote user="ama gi"] One day, while I was learning about cipherspace, I discovered BitCoin . BitCoin is a completely decentralized, anonymous online monetary system that relies on a distributed database to facilitate transactions. The creator put a great deal of effort into ensuring that the system is secure and reliable. Unfortunately, there