Sylvia Guillemette  Publisher, Advertiser, Writer
I will look into this. I would like to find another way for subscribers to pay for their advertising a different way. I'm always looking for things that benefit my subscribers/customers.
Dec 31st 2013 18:58 1 Likes  

Bruce Bates   Cooperative marketing
in my opinion bitcoins are much to unstable.

If i have a product worth $50 and i start acceptong bitcoins, tomorrow i may find that same $50 in bitcoins are only worth $40. Equally they may be worth $60, but its a gamble i am not so much interested in taking.
Jan 11th 2014 06:04   

Thomas Bergel   Quality Internet Sales
I understand completely Bruce. It's very important for people to know themselves and understand what their value system is, because if you don't know what your value system is, then you don't know what risks are worth taking and which ones are worth avoiding. However I'm reminded of a John F. Kennedy saying: "There are risks and costs to action. But they are far less than the long range risks of comfortable inaction."
Jan 11th 2014 09:34   

Bruce Bates   Cooperative marketing
the us federal gov't saying one can pay taxes with bitcoins is making me reconsider
Jan 18th 2014 05:41 1 Likes  

William Clinkscales   DB Developer/Tech, Affiliate IM
@Bruce, it sounds like you have the fear
of currency risk with bitcoin not having real value?

I tend to disagree. The value of bitcoin is whatever the current exchange rate with any currency at the point of sale.

Ex. If I purchase a $200 product from you in bitcoin?
It's paid to your bitcoin e-wallet (a peer to peer transaction, no fees) and upon receiving 0.2356 (current) in bitcoin, the transaction (if set up)
will be immediately converted to $200 in USD and deposited in your bank account. There may be up to a 1% fee for that transfer.

Same goes for the Euro, Yen etc. Got my exchange figure from preev a free exchange rate calculator.

This is whats attracting business, go figure, credit cards charge 3-4%
Same for Paypal etc. Big Savings!

I've heard Facebook and PayPal are reviewing bitcoin now and might introduce it soon!

Cheers.
Jan 19th 2014 15:00   

Bruce Bates   Cooperative marketing
Actually my true fear is US government regulation on all crypto-currencies. I believe if/when the government starts regulating it, the value will fall to almost a worthless level and the transactions in progress will be worthless, much like with standard currencies. If you accept some foreign currency and it trades dollar for dollar with the USD when someone clicks to buy but 3 seconds later it falls to a level of only being worth a penny, you are stuck with pennies - paypal getting involved would be nice as they actually do what no other bank does and they eat the difference. They do that because you as a seller have no choice in what currency you collect- only in the currency paypal pays you with. So if you have a product for sale at one us dollar and someone with a paypal account using British pounds buys it, yoy get your one us dollar regardless of any currency shift.
Jan 19th 2014 20:11   

William Clinkscales   DB Developer/Tech, Affiliate IM
Interesting comment Bruce. You are an intellect. However, Personally I find that regulation will be at best difficult or impossible due to the fact that no one owns Bitcoin to regulate. It's a computer algorithm as opposed to printed/minted currency backed by gold or whatever.

Have you heard, Rising Gold Prices Will Be Fueled By China Dumping U.S. Treasuries ie: Gold?

Oh, and another reason business are attracted to bitcoin payment is that there are no charge backs. Forgot to add that in my last comment. Cheers my friend.
Jan 20th 2014 09:05