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Namecheap now officially accepts Bitcoin

namecheap.com

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Re: Namecheap now officially accepts Bitcoin

#71

I'd like bitcoin to succeed even to a small extent if only as a counterweight to keep central banks in check but it would be better if it weren't so cumbersome to use, ie slow.

It usually takes several days for funds to transfer between banks. Payment processors are a layer built on top of USD. The same infrastructure can be built on top of bitcoin.

Re: Namecheap now officially accepts Bitcoin

#72
It's odd about technology. The more pervasive it becomes before it legislators are aware of it, the harder it is to crack down upon. I don't know what the legal challenges will be to the widespread use of BitCoin in commerce, but I'm sure there will be some.

Re: Namecheap now officially accepts Bitcoin

#73

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?

Chiming in here to say that I moved all my domains from GoDaddy to Namecheap, too. Fantastic service so far.

Re: Namecheap now officially accepts Bitcoin

#76

Ok. So accepting bitcoin, but they still won't have things like two-factor auth available for "several months" (reference: https://community.namecheap.com/forums/viewtopic.php?f=10&#3... ). I realize PR departments are probably flailing wildly over $33 bitcoins, but which feature do you think your users are more likely to use?

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.

Re: Namecheap now officially accepts Bitcoin

#77
post #60

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 kno…

Same case here, but I was trying to pay with Google Wallet, and I only had to wait for around 20 minutes.

Their interface really needs a make over though. It's like they are trying to win a "Show As Much Information As Possible in A Single Screen contest".

Re: Namecheap now officially accepts Bitcoin

#78
Let's say I think that in one year's time Bitcoin will be gone. And let's say I want to put my money where my mouth is and want to short Bitcoin. Presumably there's a lot of people who think that Bitcoin is going to appreciate and thus should be happy to give me a low-interest loan. And yet there is no way to get a Bitcoin-denominated loan. Does this mean that people don't really believe Bitcoin will be with us in one year's time?

Re: Namecheap now officially accepts Bitcoin

#79

Let's say I think that in one year's time Bitcoin will be gone. And let's say I want to put my money where my mouth is and want to short Bitcoin. Presumably there's a lot of people who think that Bitcoin is going to appreciate and thus should be happy to give me a low-interest loan. And yet there is no way to get a Bitcoin-denominated loan. Does this mean that people don't really believe Bitcoin will be with us in on…

If I were to give someone a Bitcoin loan, what interest rate should I charge? The massive uncertainty of that question is enough to discourage any such activity. I wouldn't make a Bitcoin loan with a one-week period.

Re: Namecheap now officially accepts Bitcoin

#80
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.

The biggest advantage of Bitcoin is being able to transfer funds globally without an intermidiary. Think of it as a payment method rather than a currency for the time being and you'll be better served.
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