Namecheap now officially accepts Bitcoin • Hacker News Board

Re: Namecheap now officially accepts Bitcoin

#151

Post by tlrobinson » Tue, Mar 05, 2013, 4:01 PM UTC

Nursie wrote: post #119

disintermediate wrote: post #89

Earlier quoted context omitted.

Also, as Bitcoin matures, you'll see businesses pop up that will insure against the risk for a small portion of the transaction allowing near instant confirmation for merchants.

BUT BUT BUT BUT .... no transaction fees! I love that over time people start coming up with solutions to the same damn problems that other payment schemes have already come up with, and that last week they were saying were evil because someone else was doing it. It's not unique to bitcoin, you see it in all sorts of places, it is funny though.

Bitcoin is first and foremost a currency, not a payment scheme. You can use it like cash with no (or minimal) fees, or you can layer schemes with various properties on top of it.

Re: Namecheap now officially accepts Bitcoin

#152

Post by tlrobinson » Tue, Mar 05, 2013, 4:04 PM UTC

daniel-cussen wrote: post #57

The Coupa Café of Palo Alto is going to support paying with bitcoin soon. Yesterday I bought coffee for $2.00, with the option of paying .17 bitcoin.

Do you know what technology they're using? How long do they make you wait for confirmation, etc.

Re: Namecheap now officially accepts Bitcoin

#153

Post by jnbiche » Tue, Mar 05, 2013, 4:10 PM UTC

eduardordm wrote: post #139

secondChrome wrote: post #20

Earlier quoted context omitted.

I am not aware of any country that has made bitcoin illegal. Are you sure you have your facts right?

Yes, I researched this, and my wife is also an experienced lawyer and works in the judiciary system, prior her current job at family tribunal, she worked in commercial sections. There are many laws here that forbids using any currency that's not the national one, from consumer's laws to financial laws.

OK, so this is your logic:

1) By your interpretation, there's a law in Brazil that prohibits the use of any currency that is not Brazil's national currency.

2) Because Bitcoin is not Brazil's national currency, you are now worried because NameCheap is now using Bitcoin, and will drop your company accounts with them.

So my main question is: why weren't you worried when Namecheap started accepted US Dollars (i.e., since their founding)? After all USD are not Brazil's national currency. Does this law distinguish between USD and other currencies? This is not the case according to the case you cited.

Most importantly, the law you refer to above, and the case you cited, all seem to involve government payments. And you've cited no other specific laws, other than this one (LEI Nº 4.595, DE 31 DE DEZEMBRO DE 1964), which is basically the law governing the establishment of a national currency. So according to this law, you have to pay the Government of Brazil in Brazilian currency (reales) for taxes, government contracts, etc. This is entirely reasonable; the US Government has a similar law. In the US, at least, this law does not outlaw the use of other currencies. And since multinational corporations do business in USD in Brazil every day of the week, it seems to me extremely unlikely that this outlaws the use of foreign currencies in Brazil. You just can't pay Brazilian government taxes or for other government services in other currencies.

Re: Namecheap now officially accepts Bitcoin

#154

Post by doctoboggan » Tue, Mar 05, 2013, 4:39 PM UTC

shiftpgdn wrote: post #142

doctoboggan wrote: post #94

Earlier quoted context omitted.

Let me programmatically set the ip you point to and I will give you money

Can you expand on this? You could run your own DNS server and setup the appropriate DNS records at any registrar.

I have a free subdomain from afraid.org. They've given me a URL with a secret key. When that URL is requested afraid updates my records to point my subdomain at the IP the request came from. I don't have a static IP at my apartment, but I have a script that calls that URL whenever my IP changes, allowing me to always have a domain name pointed toward my home server.

I am not familiar with operating a DNS server. Would that accomplish the usecase I described above? I would like to set up the same system but with a domain I own and not the free one from afraid.org

Re: Namecheap now officially accepts Bitcoin

#155

Post by Nursie » Tue, Mar 05, 2013, 5:15 PM UTC

tlrobinson wrote: post #151

Nursie wrote: post #119

Earlier quoted context omitted.

BUT BUT BUT BUT .... no transaction fees! I love that over time people start coming up with solutions to the same damn problems that other payment schemes have already come up with, and that last week they were saying were evil because someone else was doing it. It's not unique to bitcoin, you see it in all sorts of places, it is funny though.

Bitcoin is first and foremost a currency, not a payment scheme. You can use it like cash with no (or minimal) fees, or you can layer schemes with various properties on top of it.

Right, cool, awesome.

But when people then layer payment schemes and payment-scheme type-assurances, services and (of course) fees on top of it, is it wrong to make this comparison?

Because at the moment you see a lot of people touting the 'no fees' part as the reason it wins over credit/debit cards, but when the weaknesses of that are pointed out someone like yourself inevitably pops up to tell us that of course it's not meant for that, but payment systems can be layered over the top, with a fee structure. Or it's silly to expect that because it's just like cash, when the expectation is in response to a BTC advocates claim that it's the best thing evar for the problem domain.

Basically it can't be both ways and I am kinda tired of the constant claims that it is.

Re: Namecheap now officially accepts Bitcoin

#156

Post by 27182818284 » Tue, Mar 05, 2013, 5:16 PM UTC

sachingulaya wrote: post #76

doublextremevil wrote: post #61

Earlier quoted context omitted.

minor correction to a valid post: as of 06:33 UTC, bitcoin goes for 37.9 USD

And now its $39. Its volatility makes it impractical to use as a currency. A bitcoin yesterday is worth 10% less than a bitcoin today.

Ok sure, don't use it for your mortgage yet, but have some nerdy fun with it and buy a domain name.

Re: Namecheap now officially accepts Bitcoin

#157

Post by tracker1 » Tue, Mar 05, 2013, 5:17 PM UTC

ihsw wrote: post #49

Now Amazon needs to start accepting Bitcoins for EC2 instances and the world will be on its way past the Visa/Mastercard duopoly.

Yeah.. and looking at what happened with Wikileaks... I'm sure Amazon's got your back, and won't just cut your service off.

Re: Namecheap now officially accepts Bitcoin

#158

Post by tracker1 » Tue, Mar 05, 2013, 5:24 PM UTC

doctoboggan wrote: post #154

shiftpgdn wrote: post #142

Earlier quoted context omitted.

Can you expand on this? You could run your own DNS server and setup the appropriate DNS records at any registrar.

I have a free subdomain from afraid.org. They've given me a URL with a secret key. When that URL is requested afraid updates my records to point my subdomain at the IP the request came from. I don't have a static IP at my apartment, but I have a script that calls that URL whenever my IP changes, allowing me to always have a domain name pointed toward my home server. I am not familiar with operating a DNS server. Woul…

There are other DNS providers that will do what you want with a purchased domain... you can also use afraid.org for that matter... I put up a domain I wanted others to be able to use for dyndns on afraid.org ...

Re: Namecheap now officially accepts Bitcoin

#159

Post by eduardordm » Tue, Mar 05, 2013, 5:47 PM UTC

jnbiche wrote: post #153

eduardordm wrote: post #139

Earlier quoted context omitted.

Yes, I researched this, and my wife is also an experienced lawyer and works in the judiciary system, prior her current job at family tribunal, she worked in commercial sections. There are many laws here that forbids using any currency that's not the national one, from consumer's laws to financial laws.

OK, so this is your logic: 1) By your interpretation, there's a law in Brazil that prohibits the use of any currency that is not Brazil's national currency. 2) Because Bitcoin is not Brazil's national currency, you are now worried because NameCheap is now using Bitcoin, and will drop your company accounts with them. So my main question is: why weren't you worried when Namecheap started accepted US Dollars (i.e., sinc…

Even though I do have credentials to keep this discussion going forever, I'll refrain from further comments on this thread. You are not willing to understand what I'm saying so my comments are pointless.

Re: Namecheap now officially accepts Bitcoin

#160

Post by doctoboggan » Tue, Mar 05, 2013, 5:58 PM UTC

tracker1 wrote: post #158

doctoboggan wrote: post #154

Earlier quoted context omitted.

I have a free subdomain from afraid.org. They've given me a URL with a secret key. When that URL is requested afraid updates my records to point my subdomain at the IP the request came from. I don't have a static IP at my apartment, but I have a script that calls that URL whenever my IP changes, allowing me to always have a domain name pointed toward my home server. I am not familiar with operating a DNS server. Woul…

There are other DNS providers that will do what you want with a purchased domain... you can also use afraid.org for that matter... I put up a domain I wanted others to be able to use for dyndns on afraid.org ...

I remember seeing something about using my own domain on afraid.org. However I use google apps, and I wasn't sure if it was possible or what it would take to keep my email hosted there while still using the dynamic dns. Honestly I don'y have much experience in this area and I don't really know what to research to learn more.