Shopify accepts Bitcoin

Post by pakitan » Sat, Nov 09, 2013, 11:22 AM UTC

elzr wrote: post #17

pbreit wrote: post #13

Earlier quoted context omitted.

Credit cards work well in the situation you describe (if I understand it correctly).

Credit cards & banking are much less distributed outside the developed world. While in the US, 63% of the 15+ population has a credit card, in Mexico it's barely 13% (in Latin America in general it's only 18%). This is a HUGE obstacle for e-commerce and bitcoin's cash-like, informality (no requisites, no need to register or be approved by a central entity) might allow it to spread where banks have so far been unable…

Post by makomk » Sat, Nov 09, 2013, 11:34 AM UTC

grey-area wrote: post #25

unlimited_power wrote: post #19

Earlier quoted context omitted.

I am not accepting bitcoin or using BitPay but the fees seem to be much lower than any credit card: https://bitpay.com/pricing Also, I'm not sure what you mean by price fluctuations. BitPay accepts bitcoin from the customer and automatically converts it to the seller's local currency at market price. So the price is always fair and the seller never deals with bitcoin.

I am not accepting bitcoin or using BitPay but the fees seem to be much lower than any credit card Sounds good at $30 a month or 1% per transaction, $30 per month almost too good to be true, but I guess they can make it up in volume if they have enough customers sending payments through. The only drawback would be persuading customers to pay in bitcoin, but that could come in time. Also, I'm not sure what you mean by…

Post by atmosx » Sat, Nov 09, 2013, 11:54 AM UTC

pakitan wrote: post #34

atmosx wrote: post #23

BitCoin can be better viewed as gold . If you would use gold to buy something then you will use BTC (illegal markets apart of course). But peercoin could stand a chance to become a sort of online trading currency because of it's inflationary[1] policy. Something BitCoin should also have in order to become a widely accepted currency instead of a hoarding mechanism that gives the early adopters huge advantage over anyo…

Inflationary currency makes sense from economics point of view, if you can force it onto people, as governments do. No one will hold inflationary currency voluntarily, if they can choose a deflationary one, all else being equal.

Post by pakitan » Sat, Nov 09, 2013, 12:13 PM UTC

atmosx wrote: post #35

pakitan wrote: post #34

Earlier quoted context omitted.

Inflationary currency makes sense from economics point of view, if you can force it onto people, as governments do. No one will hold inflationary currency voluntarily, if they can choose a deflationary one, all else being equal.

Sure, but no one will spend a non-inflationary currency when he can spend an inflationary one.

Post by jafaku » Sat, Nov 09, 2013, 12:40 PM UTC

atmosx wrote: post #36

negamax wrote: post #26

Earlier quoted context omitted.

Gold is inflationary. There's infinite amount of that on asteroids and other planets. Bitcoin is totally an asset. It will probably have far wider usage than currency.

I wrote a 30+ words comment, but to make it shorter: * The nature of BitCoin could make it from an asset worth 350 USD to 0 USD overnight. * Gold has been there for centuries. I won't even comment on the asteroid thing.