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RichieBoy67 · #1 09-07-2014, 01:29 AM

I have been thinking about accepting this from some advertisers and clients. I messed around a bit with bitcoin years ago when it first started but I have never accepted it as payment. I have been looking around but would love to get some feedback from you guys on merchants, etc.

Thanks,
Rich

Dave · #2 09-07-2014, 08:34 AM

I don't accept it simply because it's not a stable currency. Minor things can affect the value of a bitcoin, such as a DDoS attack.

RichieBoy67 · #3 09-07-2014, 10:53 AM

Quote:

Originally Posted by Dave

I don't accept it simply because it's not a stable currency. Minor things can affect the value of a bitcoin, such as a DDoS attack.

Thanks.

I do not plan on holding onto it. There are ways though to accept it and exchange it and have it added to your bank with in a day or so.

And when I accept it I will only accept the current usd value at the time.

Dizzy · #4 09-07-2014, 02:58 PM

Tbh, I've seen that the only websites that accepts bitcoin are related to cheats, hacks & DDoS stressers! But yeah, I wish you all the best!

RichieBoy67 · #5 09-07-2014, 03:36 PM

Quote:

Originally Posted by justatest

Tbh, I've seen that the only websites that accepts bitcoin are related to cheats, hacks & DDoS stressers! But yeah, I wish you all the best!

Not really. Bitcoin is very main stream now and many companies accept it as payment.

Here are a few:

Overstock.com
Virgin Galactic
Wordpress
Reddit

Paul M · #6 09-07-2014, 08:06 PM

I have no need of payments on my site, but if I did, I would steer well clear of bitcoins.

RichieBoy67 · #7 09-07-2014, 08:14 PM

Quote:

Originally Posted by Paul M

I have no need of payments on my site, but if I did, I would steer well clear of bitcoins.

i hear ya. I will only be using for a few select people and again, it will go from bitcoin to usd right away.

It is true though that many large companies are starting to use it and even Amazon and Paypal are considering it.

Big Al · #8 09-08-2014, 02:09 AM

The viability, stability and future of what could be called "virtual currency" is still open for debate.

One of the things of concern is that Bitcoin and similar are not backed by tangible assets, IE Gold reserves etc, so could possibly disappear overnight. I am not saying it will, but it is a possibility.

A search of the internet reveals many scams associated with fraudsters getting involved with virtual currency, so care is needed.

Many of the scams are showing various degrees of sophistication and so are attracting tech savvy scammers.

Below is a link to more information about some of the various scams that have been spotted.

http://antifraudintl.org/forumdispla...al-Money-Scams

ForceHSS · #9 09-08-2014, 02:20 AM

Stay clear of it I myself will never use it

BirdOPrey5 · #10 09-08-2014, 05:48 PM

I can only imagine all the extra pollution being produced by all the people trying to mine bitcoins... it's sad. All that waste for a completely virtual currency.

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