What vendors do you wish accepted BitCoin?

MLWhiteSF

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Dec 31, 2009
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For users that have bought into BitCoin, it seems like the online ad industry is lagging behind a little bit as far at BitCoin payment options.

If AdNetworks, PPC, Affiliates Networks and so on offered BitCoin as an option would you use it?
 


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A quality hosting provider, actually. There's several hosts that accept Bitcoin, but nobody I'd trust with my data. Someone like Rackspace or something would be quite nice.
 
You know what would be tha shit?

Visa Debit card funded by bitcoin.

Probably will never happen, though.
 
Bitcoin seems like a catch 22 to me. If the value continues to go up you'd be a fool to spend it on anything. If there is no reason to spend it how can it be used as a currency?
 
Unfortunately with such high volatility Bitcoin is not really a currency atm, but a commodity.
In order to make payments merchants, such as Bitpay, have to use hedging by fiat currencies. When you pay in Bitcoins you do barter, and it doesn't matter if merchant or affiliate network works with BC or not - all transactions will be made in fiat currency one way or another.
So let's wait for lower volatility.
 
I don't think I'd spend bitcoins to buy shit online until I start getting paid bitcoins for the work I do. I think it'll take more time for that to happen
 
If AdNetworks, PPC, Affiliates Networks and so on offered BitCoin as an option would you use it?
1. Capitalizing the C in bitcoin is the bitcoin equivalent of admitting you browse the Warrior Forum often.

2. Yes. I'd work harder for them than I ever did for google and ebay to get those coins.


I bet there'd be high uptake from networks if affiliates could be paid in bitcoin.
Depends on the crowd. Clearly not at WF's current mindset.

If they could anonymously earn though? As in, no tax reporting? Um, yes.


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Not that I'd know, but...

reddit.com: over 18?

http://www.reddit.com/r/GirlsGoneBitcoin

reddit.com: over 18?

-I expect everyone on WF to frequent that last one daily from now on.



A quality hosting provider, actually. There's several hosts that accept Bitcoin, but nobody I'd trust with my data. Someone like Rackspace or something would be quite nice.
I know that feel. I've used CodingAgency.com in the past though; they're pretty legit and there is absolutely no ID requirement there that you can't just make shit up on.


Visa Debit card funded by bitcoin.

Probably will never happen, though.
There have been many attempts, so far all have fallen through because of the chargeback problem.

I don't think it will ever work without some form of buyer's collateral withholding. Kinda awkward, but it might make sense one day.



Bitcoin seems like a catch 22 to me. If the value continues to go up you'd be a fool to spend it on anything. If there is no reason to spend it how can it be used as a currency?
As many experts have been screaming for years now, it will stay volatile until it is trading for what it is 'worth.'

For now it's got a looooooooooooong way to grow, so we'll just have to keep treating it as digital gold until it's finished baking.


I don't think I'd spend bitcoins to buy shit online until I start getting paid bitcoins for the work I do. I think it'll take more time for that to happen
I know of at least five 'work for bitcoin' boards like this one. Yes, mostly all of the people on them are offering their service, not jobs... But over time that trickle of job offers has already noticeably grown.
 
I tried to accept BTC for my web development services, but every time the price fluctuates anyone I'm hashing out details with just disappears. No one wants to spend them.

I think $100+ range people are really going to worry about changing price, but if you can sell access or a download for a small amount like 0.01-0.05. Then people aren't going to think about it so hard.

Maybe the compromise would be to have an escrow payment made. And if the exchange rate goes up, give them a "rebate" so that they paid the same price in the end. But if the price goes down, I doubt you would get anyone willing to send you more bitcoins.
 
Why is currency conversion lost on so many people when it comes to Bitcoin? Price your stuff (or hourly rate, or whatever) in USD or whatever currency, and convert into BTC when order / payment time comes. Whether or not you want to hold onto the Bitcoin, or exchange it right away is up to you, but you know the risk of holding onto it.

Currency conversion isn't exactly a new technology.

Here, I can even help:

https://www.bitstamp.net/api/ticker/

There you go. Current BTC -> USD exchange rate.
 
I tried to accept BTC for my web development services, but every time the price fluctuates anyone I'm hashing out details with just disappears. No one wants to spend them.

I think $100+ range people are really going to worry about changing price, but if you can sell access or a download for a small amount like 0.01-0.05. Then people aren't going to think about it so hard.

Maybe the compromise would be to have an escrow payment made. And if the exchange rate goes up, give them a "rebate" so that they paid the same price in the end. But if the price goes down, I doubt you would get anyone willing to send you more bitcoins.

That or you price it in USD and accept as many bit coins as necessary to satisfy the agreed upon price
 
That or you price it in USD and accept as many bit coins as necessary to satisfy the agreed upon price

It doesn't matter which way you price it. In BTC or USD. If what you are doing takes 3-4 weeks to do, and the price is doubling or halving in that same period. Someone is winning and someone is losing hard. Especially if you need to pay other subcontractors in USD.

Even if you do really great work. If the person pays you, and then the value rises. They're going to feel ripped off.