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I'd also argue that the very fact that most web browsers will convert a double space following a period to a single implies that there is a general acceptance of the former convention as being incorrect.
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Except that HTML in general ignores the number of spaces you place it, be it two or twenty, so I don't know how good of argument that is.
I've always used two spaces because I find it easier to read a printed document which has two over one since I can tend to skim through sentences without concentrating as much.
Also, as to whoever mentioned scholarly journals, I don't think it really matters which form you choose since they tend to use justified columns, so the number of spaces gets kinda evened out anyways.
Jam it back in, in the dark.