Khan Academy now accepts Bitcoin via Coinbase
blog.coinbase.com
Khan Academy now accepts Bitcoin via Coinbase
1–10 of 21 posts
Re: Khan Academy now accepts Bitcoin via Coinbase
#2Tangentially related Matt from Wordpress did an AMA on reddit yesterday and mentioned the Bitcoin integration they've done: in the last 9 months there's been 94 total Bitcoin transactions. Hopefully Khan academy will release figures too so we can see how the adoption of Bitcoin is going. http://www.reddit.com/r/IAmA/comments/1jg781/i_am_matt_mulle...
Re: Khan Academy now accepts Bitcoin via Coinbase
#3Cool stuff, but I wonder, even if the price of BTC stabilizes, will "normal everyday people" use it?
I'm taking a coursera class (Startup 101 by Stanford) where we'll use BTC to fund our projects. But it seems like it's more confusing to the average user to see a "Donate Bitcoin" button on my page. I'd rather it just say "Donate" and have my payments processor accept any local currency.
Also, the Winklevoss twins are BTC speculators.
http://blogs.wsj.com/moneybeat/2013/07/02/beware-the-risks-o...
Re: Khan Academy now accepts Bitcoin via Coinbase
#4Tangentially related Matt from Wordpress did an AMA on reddit yesterday and mentioned the Bitcoin integration they've done: in the last 9 months there's been 94 total Bitcoin transactions. Hopefully Khan academy will release figures too so we can see how the adoption of Bitcoin is going. http://www.reddit.com/r/IAmA/comments/1jg781/i_am_matt_mulle...
Its worth it just for the frontpage of HN/Reddit for PR.
Re: Khan Academy now accepts Bitcoin via Coinbase
#5Cool stuff, but I wonder, even if the price of BTC stabilizes, will "normal everyday people" use it? I'm taking a coursera class (Startup 101 by Stanford) where we'll use BTC to fund our projects. But it seems like it's more confusing to the average user to see a "Donate Bitcoin" button on my page. I'd rather it just say "Donate" and have my payments processor accept any local currency. Also, the Winklevoss twins are…
> I'd rather it just say "Donate" and have my payments processor accept any local currency.
They have dealt with the ecentricities of their local money their entire life. Bitcoin is new. In the end, from an objective standpoint, scanning a QR code and confirming the transaction is easier than dealing with debit / credit cards -> bank accounts -> checkbooks, etc. I still have a POS time with routing numbers and bank account numbers and those are effectively fiat bitcoin addresses.
Bitcoin is so much easier to use because all you need to use it is a bitcoin address.
Re: Khan Academy now accepts Bitcoin via Coinbase
#6Cool stuff, but I wonder, even if the price of BTC stabilizes, will "normal everyday people" use it? I'm taking a coursera class (Startup 101 by Stanford) where we'll use BTC to fund our projects. But it seems like it's more confusing to the average user to see a "Donate Bitcoin" button on my page. I'd rather it just say "Donate" and have my payments processor accept any local currency. Also, the Winklevoss twins are…
I would imagine that in order for the price of bitcoin to stabilize normal everyday people will have to already have adopted it. I guess its a bit of a chicken and egg problem. But so is a lot of new tech I guess.
Re: Khan Academy now accepts Bitcoin via Coinbase
#7Cool stuff, but I wonder, even if the price of BTC stabilizes, will "normal everyday people" use it? I'm taking a coursera class (Startup 101 by Stanford) where we'll use BTC to fund our projects. But it seems like it's more confusing to the average user to see a "Donate Bitcoin" button on my page. I'd rather it just say "Donate" and have my payments processor accept any local currency. Also, the Winklevoss twins are…
> I'd rather it just say "Donate" and have my payments processor accept any local currency. They have dealt with the ecentricities of their local money their entire life. Bitcoin is new. In the end, from an objective standpoint, scanning a QR code and confirming the transaction is easier than dealing with debit / credit cards -> bank accounts -> checkbooks, etc. I still have a POS time with routing numbers and bank a…
But to obtain BitCoin in the first place, you need to trust Coinbase with your account and routing number and possibly ID documents, wait a week for your BitCoin to become available, and then spend it.
To my knowledge there is no way for a first-time BitCoin user to make a purchase right away.
Re: Khan Academy now accepts Bitcoin via Coinbase
#8Earlier quoted context omitted.
> I'd rather it just say "Donate" and have my payments processor accept any local currency. They have dealt with the ecentricities of their local money their entire life. Bitcoin is new. In the end, from an objective standpoint, scanning a QR code and confirming the transaction is easier than dealing with debit / credit cards -> bank accounts -> checkbooks, etc. I still have a POS time with routing numbers and bank a…
But to obtain BitCoin in the first place, you need to trust Coinbase with your account and routing number and possibly ID documents, wait a week for your BitCoin to become available, and then spend it. To my knowledge there is no way for a first-time BitCoin user to make a purchase right away.
Coinbase delays the disbursement to keep you from chargebacking. Same thing happens in Dwolla. If you send a money order over snail mail to an exchange, you can get your funds available same day (they receive it).
It isn't anything bitcoin can change - it is moving money from a chargeback system to one without a way to reverse transactions. If they allowed chargebacking, they would be exploited and go bankrupt.
Re: Khan Academy now accepts Bitcoin via Coinbase
#9Tangentially related Matt from Wordpress did an AMA on reddit yesterday and mentioned the Bitcoin integration they've done: in the last 9 months there's been 94 total Bitcoin transactions. Hopefully Khan academy will release figures too so we can see how the adoption of Bitcoin is going. http://www.reddit.com/r/IAmA/comments/1jg781/i_am_matt_mulle...
Since I turned this on at 6pm today, there's been 24 transactions for a total of 6.174 BTC.
There's been 4 donations of 1.0 BTC but none larger. I set the default at 1.0 BTC; perhaps I should increase it!
Re: Khan Academy now accepts Bitcoin via Coinbase
#10Cool stuff, but I wonder, even if the price of BTC stabilizes, will "normal everyday people" use it? I'm taking a coursera class (Startup 101 by Stanford) where we'll use BTC to fund our projects. But it seems like it's more confusing to the average user to see a "Donate Bitcoin" button on my page. I'd rather it just say "Donate" and have my payments processor accept any local currency. Also, the Winklevoss twins are…
I think it will take off when people will be able to use "NFC rings" as their wallets, and it would have an easy to use UX. But there also needs to be NFC infrastructure in all stores.