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Namecheap now officially accepts Bitcoin

namecheap.com

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Re: Namecheap now officially accepts Bitcoin

#51

Post by invalidOrTaken »

ashamedlion wrote: post #3

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…

Second that on Namecheap apparently being on the side of the internet. Weren't they a vocal opponent of SOPA?

Re: Namecheap now officially accepts Bitcoin

#52

Post by chii »

n3rdy wrote: post #34
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.

> 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).

i would love a method to be able to anonymously host websites that is un-take-down-able and untracable. It would mean that contriversial stuff can be put there without fear of repercussion, and thus, more democratic.

Re: Namecheap now officially accepts Bitcoin

#53

Post by ashamedlion »

invalidOrTaken wrote: post #51
ashamedlion wrote: post #3

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…

Second that on Namecheap apparently being on the side of the internet. Weren't they a vocal opponent of SOPA?

Yep

http://community.namecheap.com/blog/2011/12/22/we-say-no-to-...

http://www.namecheap.com/moveyourdomainday.aspx

http://community.namecheap.com/blog/2012/01/18/blackout/

Re: Namecheap now officially accepts Bitcoin

#54

Post by drusenko »

dangrossman wrote: post #25
dubcanada wrote: post #8

Earlier quoted context omitted.

I suppose that's kinda bad for drop catching, but regular domains take 24 hours to be useful anyways. So its not that bad :)

> regular domains take 24 hours to be useful anyways 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.

that's accurate. we pride ourselves in getting most of our domains online and functional in about 30 seconds -- as long as you don't visit the domain within those first 30 seconds and get your ISP to cache the "does not exist" record.

Re: Namecheap now officially accepts Bitcoin

#55

Post by sounds »

chii wrote: post #52
n3rdy wrote: post #34

Earlier quoted context omitted.

> 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).

i would love a method to be able to anonymously host websites that is un-take-down-able and untracable. It would mean that contriversial stuff can be put there without fear of repercussion, and thus, more democratic.

Like Freenet? i2p?

[1] http://freenetproject.org

[2] http://www.i2p2.de

Re: Namecheap now officially accepts Bitcoin

#58

Post by n3rdy »

snitko wrote: post #48
dmix wrote: post #40

Earlier quoted context omitted.

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.

That's actually not true. One of the reasons price is high is because people right now are hoarding.

The reward for block discovery also halved quite recently from 50 bitcoins to 25 bitcoins.

Re: Namecheap now officially accepts Bitcoin

#59

Post by n3rdy »

untog wrote: post #45
krasin wrote: post #33

Earlier quoted context omitted.

Escrow services do exist for Bitcoin.

I assume they are not operating out of the goodness of their own hearts? (they'd be pretty useless if they did, anyway- where would my refund money come from?)

> where would my refund money come from?

Almost sounds like you're confusing escrow with insurance?

Your refund would come from the middle guy entrusted to securing your funds until your goods were delivered as promised. If your goods are not delivered, or if what you ordered was nothing like what was promised, the escrow service would simply send your bitcoins back to you, instead of sending them to the merchant who tried to defraud you.

These services would likely charge a transaction fee for the service.

Even silk road offers an escrow service that is apparently effective enough. The scammers on silk road typically try to con you into closing the transaction before delivery of any goods, so one red flag that you may be looking at a scammer is a number of early settled transactions in their history.

If someone wanted to do something like this more mainstream, they could develop a third party bitcoin escrow service that offered an order history, rating or feedback system, and transaction comments from both parties. You could even develop a rating score formula similar to a credit score, where older accounts with more history, have higher scores, which make it much harder for scammers to use throw away accounts.

Re: Namecheap now officially accepts Bitcoin

#60

Post by gibybo »

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 know, aren't you supposed to tell me how much I owe?). Anyway, I follow a few pages and finally end up on BitPay's page where it asks me to send a specific number of Bitcoins to their address, so I do. The page recognizes immediately when I have sent the funds, and redirects me back to Namecheap.

Great, now I can find my way back to the checkout page and finally finish the transfer! Except I can't. Despite having sent the funds, they won't show up in my account for another hour (or possibly up to 24 hours). I understand they want to prevent double spend attacks, but this is absurd. We're talking about a $10 domain that they can just revoke if the payment doesn't clear. They have to wait 45+ days for paypal/credit cards to clear, but they give the product to me immediately, and I don't have to go through their ridiculous fund adding process to do so.

I applaud the effort Namecheap and I'm happy to see Bitcoin becoming more useful, but this needs work.

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