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Namecheap now officially accepts Bitcoin

namecheap.com

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Re: Namecheap now officially accepts Bitcoin

#121

Post by Nursie »

jacoblyles wrote: post #71
adrianwaj wrote: post #50

I'd like bitcoin to succeed even to a small extent if only as a counterweight to keep central banks in check but it would be better if it weren't so cumbersome to use, ie slow.

It usually takes several days for funds to transfer between banks. Payment processors are a layer built on top of USD. The same infrastructure can be built on top of bitcoin.

"It usually takes several days for funds to transfer between banks"

Maybe in the US. In the civilised world it can be pretty much instantaneous.

Re: Namecheap now officially accepts Bitcoin

#122

Post by ragmondo »

josephagoss wrote: post #101
eduardordm wrote: post #13

Because bitcoins are illegal in my country, I'll keep my personal domains on namecheap but will certainly move my company domains out of there until I figure out if there's a chance I have problems with this. I like bitcoins just like everyone, but there are laws you need to abide by and bitcoins are illegal in many countries.

Sorry dude, you have several people asking you what country your in and you give no answer. What you said (That Bitcoins are illegal in your country) is complete FUD until you provide some proof. As far as I am concerned, until you tell us where your country is, it seems your trying to damage namecheap's and /or Bitcoin's reputation for no reason. Please provide the country and law cited. Cheers.

Maybe he meant planet ?

Re: Namecheap now officially accepts Bitcoin

#123

Post by jerguismi »

rrrrtttt wrote: post #78

Let's say I think that in one year's time Bitcoin will be gone. And let's say I want to put my money where my mouth is and want to short Bitcoin. Presumably there's a lot of people who think that Bitcoin is going to appreciate and thus should be happy to give me a low-interest loan. And yet there is no way to get a Bitcoin-denominated loan. Does this mean that people don't really believe Bitcoin will be with us in on…

There also options and futures: mpex.co and icbit.se

And also bitfinex.com but generally they are not perceived well.

(haven't used them myself)

Re: Namecheap now officially accepts Bitcoin

#124

Post by shiftpgdn »

gibybo wrote: post #60

Well, I just tried to transfer one of my domains to Namecheap using Bitcoin, but their implementation leaves a lot to be desired. I filled in my domain, got to the checkout page, and it gave me three options: Pay from 'Funds', 'Credit Card', or 'Paypal'. Turns out in order to pay with Bitcoin, you have to first add 'Funds' to your account. So I click the link to do that, it asks me how much I want to add (I don't kno…

NameCheap actually doesn't have the capacity to revoke domains as they're an eNom reseller. Enom's policy is that once you buy a domain, it's yours. With domains sales being such a low margin business I can understand their level of caution.

Re: Namecheap now officially accepts Bitcoin

#125

Post by makomk »

toomuchtodo wrote: post #16
taligent wrote: post #12

Earlier quoted context omitted.

Your logic is completely faulty. Paying bills over the internet was easier and simpler than paying by check. Paying by credit and debit cards are easier, safer and simpler than using say Bitcoin. There is zero chance that those cards are going anywhere. If anything the popularity of PayWave and other NFC technologies should see their use increase.

Except its now legal for merchants to tack on a surcharge for you paying with credit (as it should be). Online merchants will absorb the cost of processing credit cards, as they aren't going to wait for a check in the mail. But physical merchants that can accept cash and are now allowed to recoup that 3%? I can see certain groups of people migrating away from plastic if it increases the cost of their goods/services i…

A lot of places that accept Bitcoins use BitPay and get paid in US dollars. BitPay charge a 3% fee for this service. (You can accept Bitcoins and exchange them yourself but then you take on the exchange-rate risk, which is quite substantial given how much the Bitcoin exchange rate varies.)

Re: Namecheap now officially accepts Bitcoin

#126

Post by oleganza »

n3rdy wrote: post #35
Frozenlock wrote: post #15

Earlier quoted context omitted.

Do tell more! I was unaware of any country having officially stated Bitcoin as illegal.

> Do tell more! I was unaware of any country having officially stated Bitcoin as illegal Bitcoin itself may not be illegal, but the encryption schemes may be illegal for private citizens to use in some countries, especially ones that don't want their citizens communicating in secret.

In Bitcoin protocol there are no encrypted messages. The only thing that may or may not be encrypted is your own private keys. But it does not concern legislation of encrypted communication because you don't communicate those keys to anyone.

Re: Namecheap now officially accepts Bitcoin

#127

Post by analog »

josephagoss wrote: post #101
eduardordm wrote: post #13

Because bitcoins are illegal in my country, I'll keep my personal domains on namecheap but will certainly move my company domains out of there until I figure out if there's a chance I have problems with this. I like bitcoins just like everyone, but there are laws you need to abide by and bitcoins are illegal in many countries.

Sorry dude, you have several people asking you what country your in and you give no answer. What you said (That Bitcoins are illegal in your country) is complete FUD until you provide some proof. As far as I am concerned, until you tell us where your country is, it seems your trying to damage namecheap's and /or Bitcoin's reputation for no reason. Please provide the country and law cited. Cheers.

Eduardo is from Brazil.

Perhaps he was referring to this?

http://silvervigilante.com/bitcoin-attacked-by-brazils-secur...

Re: Namecheap now officially accepts Bitcoin

#129

Post by jotaass »

Skoofoo wrote: post #14

Neat, but will they turn a blind eye to domains registered with false information? After all, the biggest advantage of Bitcoin over traditional digital payment methods is its capability to be used anonymously.

I'm honestly not sure, but I was under the impression that bitcoin wasn't really anonymous. All transactions are publicly logged to prevent double spend, so you can trace a coin from the first time it was used. If you happen to know that an address maps to a specific someone, you can begin to create a pretty identifiable picture.

See, eg: https://bitcointalk.org/index.php?topic=241.0

Re: Namecheap now officially accepts Bitcoin

#130

Post by runeks »

robryan wrote: post #95
jimworm wrote: post #83

Earlier quoted context omitted.

Today's bitcoin is a little more liquid than yesterday's, and the trend will continue as long as more and more people start accepting bitcoin as payment. This liquidity has a positive effect on value.

I would assume that one of the major reasons in holding bit coin is still to sell it at some point (until a large amount of people accept it) Meaning that once it hits a certain level people will start cashing in and crash the price again?

> Meaning that once it hits a certain level people will start cashing in and crash the price again?

Only if they all sell at the same time. I don't see why that would happen. Selling ones bitcoins isn't an event you coordinate with other holders of bitcoins. It will happen gradually, and have a dampening effect on the price. In all likelihood it's happening right now. There was a huge ask wall at $40. Seems like a lot of people wanted to take profit at that price.

This is also why a crash doesn't happen. If everyone decided right now they've made enough money and wanted to sell their coins, the price would start dropping, until it reaches a point where people are no longer satisfied with the price, and they will stop selling. At which point some buyers will be satisfied with the price drop, and get into bitcoin again, thus raising the price, and the cycle continues.

It's really fascinating to watch the sum total of the actions of all the sellers and buyers, and how it unfolds as an ever-changing price and order book.

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