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Pay for BHW memberships with Bitcoins

Discussion in 'BlackHat Lounge' started by sfidirectory, Nov 29, 2013.

  1. sfidirectory

    sfidirectory Senior Member

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    Occupation:
    Web developer/BTC enthusiast
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    Hi everyone,

    With the meteoric rise in the value of Bitcoins, I am wondering if BHW should offer it as a valid payment method for membership levels on here? I'm finding it a lot easier earning BTC than conventional fiat currency.

    Also, since I am seriously thinking of investing in BTC, I'd like to know which service providers on BHW would accept BTC s payment.

    Cheers!
     
  2. Nigel Farage

    Nigel Farage BANNED BANNED

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    I would think the currencies' value is to volatile for a legitimate business to take it as a part of standard business practice (vs. a sole proprietor taking it for personal reasons). There would have to be some incentive to offset the risk. What percentage above standard (fiat) cash price would you be willing to pay in order to pay BHW for <whatever) in BitCoin? Not 10%, or 20%. I've read two stories today about Security Vulnerabilities with BitCoin. (Android phones and a Denmark Company was robbed). And don't forget the Mt. Gox crisis. There's no guarantee it won't happen again. As soon as tomorrow, even. So while we're chattering about when (and not if) BitCoin cracks $1,000 (and driving the price up by that chatter), a sudden calamity could cause the price to fall to $100 again, or even lower. (But if it does that, I'm going to BUY BUY BUY like a motherfucker.)

    BHW seems to be a legit business. They charge VAT, and any non-legit business would have figured out a way to avoid doing THAT at any cost. Why would they want to get involved in a speculative currency that could be worth 10% of it's current value tomorrow?