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Stripe: Bitcoin

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101–110 of 374 posts

Re: Stripe: Bitcoin

#102
post #80

Earlier quoted context omitted.

I think the crutch now is not that it's hard to acquire bitcoins (thanks to coinbase and friends) or pay with bitcoin (thanks to stripe and friends), no, the only crutch is why should I buy bitcoins with my dollars when I can just pay with my dollars directly? It can be useful for people who either don't have access to credit cards but have access to bitcoins, people who already have a lot of bitcoins and curious tec…

Keep in mind that the merchant fee is .5% with Strip/Bitcoin. With regular credit card payment processing, the fee is something like 2.25%. The difference could be shared equally between the merchant and their customers. Life would be 1% cheaper for everyone (kind of).

If a merchant gives me 1% off to use Bitcoin so they don't have to pay the transaction fees... I'm not going to take it. Even at 5%.

I'd rather have the ability to do chargebacks if something goes wrong.

Re: Stripe: Bitcoin

#103
post #100

The Bitcoin community might want to take a deep breath and recognize where Bitcoin has the most real-world use. The idea that my mom will someday use Bitcoin to buy books online is about as realistic as the belief that, any minute now, youngsters will realize that the daily newspaper is better read in paper form, because of the texture and experience and the anonymity of paper. For that matter, I am a computer progra…

The world's simplest reasons why you might pay something using bitcoins is simply when this is the only way, or cheapest way, or safest way to make a transaction. Example #1: some merchants are hit really hard with fraud, such as intangible goods paid by international credit card transactions. So hard that they decided to stop selling internationally. These merchants discover that Bitcoin re-enables them to sell inte…

It took me no less than one hour to pay for a flight the other day, because of various cc-related problems, not the least of which being the train wreck that is Verified by Visa. I so, so wished for a Bitcoin option...

Re: Stripe: Bitcoin

#104
post #90

Earlier quoted context omitted.

I think the crutch now is not that it's hard to acquire bitcoins (thanks to coinbase and friends) or pay with bitcoin (thanks to stripe and friends), no, the only crutch is why should I buy bitcoins with my dollars when I can just pay with my dollars directly? It can be useful for people who either don't have access to credit cards but have access to bitcoins, people who already have a lot of bitcoins and curious tec…

>no, the only crutch is why should I buy bitcoins with my dollars when I can just pay with my dollars directly? (By dollars directly, I assume you mean by credit card or paypal.) Credit cards and paypal come with the ability to do chargebacks which are useful if you don't fully trust whoever you're paying, but credit card companies and paypal are middlemen who must be trusted too. If I trust the company I'm giving mo…

PayPal and Visa are additional layers of trust. It's not them or the merchant, it's them and the merchant. Meaning that if something goes wrong, you can ask the merchant to make it right. If the response is unsatisfactory, you can then go to PayPal or Visa to essentially overrule the merchant. The additional layers of trust are a good thing for consumers to take up unless merchants apply surcharging based on payment methods.

Re: Stripe: Bitcoin

#105

What a fantastic product page. After less that 30 seconds, I knew exactly what Stripe was doing with Bitcoin, how to use the new feature and integrate it. This is great news for Bitcoin. If all it takes is one extra line of code for online retailers to start accepting the currency, widespread adoption could sky rocket. That's always been Bitcoin's crutch, simple integration. Others like Coinbase and Bitpay have made…

I think the crutch now is not that it's hard to acquire bitcoins (thanks to coinbase and friends) or pay with bitcoin (thanks to stripe and friends), no, the only crutch is why should I buy bitcoins with my dollars when I can just pay with my dollars directly? It can be useful for people who either don't have access to credit cards but have access to bitcoins, people who already have a lot of bitcoins and curious tec…

>when I can just pay with my dollars directly?

Credit card transactions take something like 180 days to confirm. Within those 180 days one can issue a chargeback.

Bitcoin transactions take ~10-60 minutes (depending on the required number of confirmations) and cannot be clawed back.

Re: Stripe: Bitcoin

#106
post #52

Earlier quoted context omitted.

It looks great. Would love to see a blog post explaining your methodology.

Thanks! I might actually write a "behind the scenes" post, assuming I find the motivation to do it :p

Please do, sir!

I'm a CS student really interested in web design, and I just started dabbling CSS animation for a month. To be honest, this page, together with Google IO 2015 page, are the best I've seen. I really look forward to reading your post about how this page is built or the source code.

Re: Stripe: Bitcoin

#107
post #90

Earlier quoted context omitted.

I think the crutch now is not that it's hard to acquire bitcoins (thanks to coinbase and friends) or pay with bitcoin (thanks to stripe and friends), no, the only crutch is why should I buy bitcoins with my dollars when I can just pay with my dollars directly? It can be useful for people who either don't have access to credit cards but have access to bitcoins, people who already have a lot of bitcoins and curious tec…

>no, the only crutch is why should I buy bitcoins with my dollars when I can just pay with my dollars directly? (By dollars directly, I assume you mean by credit card or paypal.) Credit cards and paypal come with the ability to do chargebacks which are useful if you don't fully trust whoever you're paying, but credit card companies and paypal are middlemen who must be trusted too. If I trust the company I'm giving mo…

paypal never delays anyone who is paying a real merchant. only delays i've seen have been associated with ebay.

Re: Stripe: Bitcoin

#108
post #82

Earlier quoted context omitted.

bitcoin's not really that anonymous. Sure, the ledger doesn't contain identities, but it's not extremely difficult for the mapping between addresses and identities to "leak" and once they do, it's anything but anonymous.

Can you tell us who hacked BTER or Bitstamp then? Since it's so easy to deanonymize people, you know. Just look at the addresses the stolen bitcoins were sent to.

Sounds to me like you just explained why you shouldn't want anonymity in your transaction.

Re: Stripe: Bitcoin

#110

Earlier quoted context omitted.

I think the crutch now is not that it's hard to acquire bitcoins (thanks to coinbase and friends) or pay with bitcoin (thanks to stripe and friends), no, the only crutch is why should I buy bitcoins with my dollars when I can just pay with my dollars directly? It can be useful for people who either don't have access to credit cards but have access to bitcoins, people who already have a lot of bitcoins and curious tec…

>when I can just pay with my dollars directly? Credit card transactions take something like 180 days to confirm. Within those 180 days one can issue a chargeback. Bitcoin transactions take ~10-60 minutes (depending on the required number of confirmations) and cannot be clawed back.

Which only really happens if the customer files a dispute, the dispute is valid, which in turn means the customer is aggrieved. Why would I want to forfeit that ability again?
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