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How many accepts Bitcoin to their business?

Discussion in 'CryptoCurrency' started by LotteryBond, Feb 5, 2012.

  1. LotteryBond

    LotteryBond Registered Member

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    Personally I think Bitcoin has come to stay, and the price has been quite stable over the past 3-4 months which made me realize Bitcoin can probably become the most widely used commodity/currency online, especially when dealing with digital goods. Some of the features I like in Bitcoin are:

    - No chargebacks

    - No obscene fees by 2CheckOut and PayPal and other CC companies

    - Anonymity! I dont need to let the whole world know I purchased a SEO package or sold for that matter

    - The money are on my computer, in an encrypted folder, which is safer than any bank out there and their stupid legislation and rules

    - More and more places accept Bitcoin - allowing me to purchase/sell stuff without having to constantly exchange back into $ and ?

    Who else here takes Bitcoin?
     
  2. keinehabe

    keinehabe Supreme Member

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    :) well ... bitcoin will be most probably the next worldwide e-currency I think when american's will start to use it . for now only very few stuffs to do with it saw several webhostings accept bt at payment , some other crappy ... still nothing major . Peoples ( sellers / and buyers ) are scared about changes usually and everyone loves monopoly money from paypal . Same happens with wmz/lr ... even if they are better ecurency's than ever will be pp ... they never will be used at large scale , why ? because of '' average joe shoppers '' :)
     
  3. LotteryBond

    LotteryBond Registered Member

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    You are somewhat right, however the difference between Bitcoin and Liberty Reserve is huge. Its easier to exchange into Bitcoin because of the exchange services from www.mtgox.com and not just different exchangers.

    Lets just all hope Bitcoin catches on some more, it would benefit us all with the flexibility of it.
     
  4. celticwoman

    celticwoman Newbie

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    it's pretty much unknown here in aus
     
  5. miansc

    miansc Regular Member

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    yeah, i hadn't heard of it until this thread :p
     
  6. LotteryBond

    LotteryBond Registered Member

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    Wow really? Its been all over the news for the past 9 months or so. Its certainly the most revolutionary payment instrument that there is out there, and finally a way to people and get paid without having to abide by Visa and Mastercard and PayPal rules all the time.

    It will open up the world for more business!
     
  7. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    Don't get too excited :) As with any virtual currency, it needs widespread adoption to gain big traction, and that adoption is nowhere near the horizon for the time being.
     
  8. dropsev

    dropsev Newbie

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    Are bitcoins subject to inflation and deflation?
     
  9. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    And speculation. Lots of ups and downs as the market is still infant. Deflation is built in the system, as the supply is forever limited.
     
  10. Patel

    Patel Senior Member

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    I dont trust bitcoin.

    For all we know, the guy who created it, has a backdoor or a bunch of bitcoins to himself, and when this shit blows up big time, he can cash out and crash the whole Bitcoin currency.
     
  11. Zemanel_

    Zemanel_ Regular Member

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    It is still on a very initial fase, most of the people who use it is mostly due to legalaty issues...
    Some months ago someone hacked into one website where you could buy bitcoins completely fucking the currencies and devaluating the bitcoins and is that sort of stuff that keeps people away from that system.
    Though I'm sure that in the future it will be widely used due to it's many advantages, but we'll still have to wait for that.
    Cheers!
     
  12. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    It 's open source and peer reviewed... The chances someone is "printing money" with Paypal, Liberty Reserve et al is much much much more real.
     
  13. LikeThisForam

    LikeThisForam Registered Member

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    I take bitcoin on my .onion domain. I wouldn't say the value is very steady for the past 3-4 months though, a month and a half ago it was around $3 for 1 BTC, today about $5.6.

    I like the idea of bitcoin, I hope it does catch on better. I think the hardest part for new people is figuring out how to get the BTC. Can't buy them with CC or PP, because of chargebacks.
     
  14. Patel

    Patel Senior Member

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    I see. Then again, I really dont know too much about it. I played with it a little but it didn't really cling to me.
     
  15. coolingheater

    coolingheater Jr. VIP Jr. VIP Premium Member

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    can any one explain if bitcoin is a payment processor.

    if yes which other sites accepts bitcoin for their products.
     
  16. LotteryBond

    LotteryBond Registered Member

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    Bitcoin is NOT a payment processor, Bitcoin is a currency/commodity that is purely Peer 2 Peer based. Thus it is not issued nor controlled by any government and thus it cannot be shut down, removed or otherwise get blocked from existence.

    There is a very good merchant service that allows you to setup Bitcoin payments for your products in line with what you are used to on credit cards and debit cards online. Check them out here: https://bit-pay.com/

    I sure hope more and more of you guys would start accepting Bitcoin as well as paying in Bitcoin. It just would make it all easier for us in the end. All we need is adoption and we have all the sudden cut out ALL banks and ALL payment processors. And the beauty is that nobody can freeze your account(s) for whatever retarded reason they usually come up with.
     
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  17. LikeThisForam

    LikeThisForam Registered Member

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    They charge? I just use bitcoinevolution.com, you get a buy it now button, and when the user clicks it they get a BTC address to send to. It's free, but it doesn't have any integration, you have to load a bunch of addresses. The good part though is when someone pays, it goes straight to your own wallet with no middle man.
     
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  18. LotteryBond

    LotteryBond Registered Member

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    Thanks for sharing! Didnt know that :)
     
  19. Roparadise

    Roparadise BANNED BANNED

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    You can't make it rain with bitcoins. I really dont the attraction in it,other then a way to calm your paranoia.
     
  20. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    I 'm really amazed you don't see the attraction in it, with all your tax/offshore threads/posts ;)
     
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