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OKCupid starts accepting Bitcoin using Coinbase

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Re: OKCupid starts accepting Bitcoin using Coinbase

#21

Post by jmtame »

jobigoud wrote: post #18
jmtame wrote: post #16

Earlier quoted context omitted.

I must have missed the sarcasm. Plenty of people mistakenly believe that online dating is still used mainly by nerds. It was true at one point in time. Edit: I find it strange that you deleted your previous comment after you wrote a reply to my comment, which said you've enjoyed using OkCupid for 8 years. That comment was part of what prompted me to respond initially, and why I didn't think it was sarcasm.

Original comment doesn't state that online dating is used mainly by nerds, but that nerds mainly use online dating.

It's so pervasive now that you could make the statement true by replacing nerd with any other group of people.

The only exception would be people in relationships or marriages. Unfortunately, even that is becoming questionable: look at Ashley Madison and its nearly 2 million uniques per month.

Re: OKCupid starts accepting Bitcoin using Coinbase

#22

Post by krichman »

lbarrow wrote: post #9

This seems like a great idea, since people who are into BitCoin are likely to use online dating services.

I thought this was funny, but downvoted because it was also rude and unproductive.

I wish we could talk about Bitcoin without saying either 1. that its expected value is negative infinity dollars and pyramid tulip 2. that its expected value is infinity dollars and oppression fiat. I think both sides are well aware of the counter arguments.

But even though that will never happen, I think we can stop short of allowing ad hominems to be acceptable posts.

Re: OKCupid starts accepting Bitcoin using Coinbase

#23

Post by vidarh »

lbarrow wrote: post #9

This seems like a great idea, since people who are into BitCoin are likely to use online dating services.

OkCupid is "special". It has an extremely geeky userbase compared to most dating services. Not necessarily overly technical, but certainly geeky. It might not get a massive amount of use, but it will get them some PR (well, it already has) within communities that are already more likely to sign up with them than the mainstream that are more appreciative in general of stuff like this even if they won't use it.

Re: OKCupid starts accepting Bitcoin using Coinbase

#24

Post by vidarh »

spoiledtechie wrote: post #8
barmstrong wrote: post #4

Earlier quoted context omitted.

See "instant exchanges" https://coinbase.com/docs/merchant_tools/payouts

Did anyone else read the fees? 1% and 15cents? That's incredible.... Compared to the 2.9% and 30 cents most other payment processors charge. I will be migrating my start up soon!

You just wait until they have to take dispute resolution and fraud seriously or face losing business - the fees will increase.

Re: OKCupid starts accepting Bitcoin using Coinbase

#25

Post by wladimir »

krichman wrote: post #22
lbarrow wrote: post #9

This seems like a great idea, since people who are into BitCoin are likely to use online dating services.

I thought this was funny, but downvoted because it was also rude and unproductive. I wish we could talk about Bitcoin without saying either 1. that its expected value is negative infinity dollars and pyramid tulip 2. that its expected value is infinity dollars and oppression fiat. I think both sides are well aware of the counter arguments. But even though that will never happen, I think we can stop short of allowing…

Yes. You'd expect a community such as hacker news to be above the usual nerd-shaming.

Re: OKCupid starts accepting Bitcoin using Coinbase

#26

Post by makomk »

spoiledtechie wrote: post #8
barmstrong wrote: post #4

Earlier quoted context omitted.

See "instant exchanges" https://coinbase.com/docs/merchant_tools/payouts

Did anyone else read the fees? 1% and 15cents? That's incredible.... Compared to the 2.9% and 30 cents most other payment processors charge. I will be migrating my start up soon!

Bear in mind that there are also going to be fees paid by the customer in order to get Bitcoins, unless they're one of the tiny number of people who mine Bitcoins profitably. Those fees are probably going to be enough to bring the total cost close to that of a normal payment processor even with the cheapest options.

Also, right now the value of their bitcoins will probably drop by more than 2.9% in the time between them buying the coins and being able to send them.

Re: OKCupid starts accepting Bitcoin using Coinbase

#27

Post by rdl »

I wish there were a simple-as-Stripe way to outsource multiple payment options for customers (BTC, cards, ACH, etc.). I guess technically you could use PayPal or maybe Amazon Payments for that, but I don't think they're particularly likely to support Bitcoin anytime soon.

Re: OKCupid starts accepting Bitcoin using Coinbase

#30

Post by rmc »

hkmurakami wrote: post #12
spoiledtechie wrote: post #8

Earlier quoted context omitted.

Did anyone else read the fees? 1% and 15cents? That's incredible.... Compared to the 2.9% and 30 cents most other payment processors charge. I will be migrating my start up soon!

I think it's just a reflection of the underlying transaction facilitators (CC processors vs Bitcoin exchanges). The CC processors charge the % + fee, and the services that build on top of that tack on their cut. MtGox charges a % cut (I forget what it is, but it's below CC rates by a lot) and so you tack on your cut on top of it to end up with a lower cost than CC processors. I really do feel that MtGox will move to…

As bitcoin volume increase, miners will probably start charging transaction fees themselves. So that'll increase.
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