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Accepting a volatile currency seems risky. What if bitcoin drops and I fill register domains on the cheap? Is there a way to prevent this? Are the prices somehow pegged to the dollar?
"It does not matter how many bitcoins we collect, how long it takes to collect them, what we can sell them for, or how long it takes to sell them."
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 really don't see how they can do that anonymously and still function. They will be constantly fighting scammers and spammers.
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Providing falsified WHOIS information will only harm the registrant.
How? 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.
I realize PR departments are probably flailing wildly over $33 bitcoins, but which feature do you think your users are more likely to use?
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If I have a problem with an online purchase that I can't sort out with the merchant, my bank is more than happy to compensate me for it. Not possible with Bitcoin.
Escrow services do exist for Bitcoin.
(they'd be pretty useless if they did, anyway- where would my refund money come from?)
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.
> Neat, but will they turn a blind eye to domains registered with false information? I imagine in the future internet, domain registrations will be just as anonymous (like .onion on tor) as bitcoin, no reason domain names can't be decentralized (different tld's of course).
Accepting a volatile currency seems risky. What if bitcoin drops and I fill register domains on the cheap? Is there a way to prevent this? Are the prices somehow pegged to the dollar?
If the seller and the payment provider quickly convert their bitcoins into USD -- as seems likely to be the case based on the link in Maxious's reply -- then they're minimizing the time interval during which their wealth is exposed to exchange rate fluctuations.
The price of Bitcoin is currently hovering around 37 USD. I remember when Bitcoin was $2.00 after the first crash, I never expected it to rebound so quickly. Announcements such as Namecheap's lend credence to the current price, but I would not be surprised if a correction brought Bitcoin below $30. Regardless, I am excited that there are more places to spend Bitcoin each and every day.
Well I don't think any average person is really keeping large amounts of money in bitcoin. It has mostly a transactional since the use cases are so niche.