21–30 of 179 posts
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.
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…
Not possible with Bitcoin.
I'm loving this Bitcoin ramp up over the past few weeks. Namecheap should be applauded for their general endorsement of "what's good for the internet". Of course it's in their best interest, but you don't see GoDaddy doing the same. I think back to the "So, that's the end of Bitcoin"[1] article by Forbes and chuckle to myself. Hopefully one day we can look back at that article in the same way we look back at Ballmer…
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.
Earlier quoted context omitted.
To confirm the Bitcoin transaction at all. That's just how Bitcoin works - you have to wait for X new blocks to get confirmations from other peers. How long you wait determines your risk level.
I suppose that's kinda bad for drop catching, but regular domains take 24 hours to be useful anyways. So its not that bad :)
It only takes about 10 minutes for a new registration to go live with most registrars. If you set your DNS servers during the purchase and have the zones ready from the get-go, your domain is resolving on the web immediately.
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…
The way I see it Bitcoins are not stable / safe enough for large transactions and the transaction fees on small transactions are effectively meaningless.
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.
Providing falsified WHOIS information will only harm the registrant.
Really, a debit card card purchased with cash would probably work just as well, but there are imaginable situations where the risk of losing the domain is less of a problem than being identified as the registrant.
Earlier quoted context omitted.
To confirm the Bitcoin transaction at all. That's just how Bitcoin works - you have to wait for X new blocks to get confirmations from other peers. How long you wait determines your risk level.
It doesn't require hours at the protocol level, it's just a social standard. Typically, the first confirmation would occur in ~10 minutes. At the moment, the convention is 6 blocks / 1 hour is sufficient to prevent double-spending, but any merchant could have its own standard. Also, for something revocable like a domain name, there's nothing preventing Namecheap from giving you the domain name immediately, and then r…
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.
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.
Providing falsified WHOIS information will only harm the registrant.
I keep valid contact information in the WHOIS records for my domains, and all I get out of it is e-mail spam from my registrar, e-mail spam from everyone else, snail mail spam from my registrar, snail mail spam from competing registrars (Domain Registry of America, anyone?), "SELL YOUR DOMAIN TO US!" robocall spam, and yearly ICANN WDRP e-mails from my registrar.