bitpay?
Ask HN: Practically accepting cryptocurrency for businesses without middlemen?
81–90 of 155 posts
Re: Ask HN: Practically accepting cryptocurrency for businesses without middlemen?
#82Amazing how their is a currency who's been rising for 10 years that you actually have to 'solve' for how to spend it.
Bitcoin is a failure. It promised privacy, low fees, decentralization, lack of censorship and sanctions. We ended up with a transparent centralized expensive block chain whose tokens are not fungible. It's just a memecoin now. It just happens to be the biggest memecoin on the market. It's the one everyone knows about.
it's a memecoin like windows 95 is a memeos.
Re: Ask HN: Practically accepting cryptocurrency for businesses without middlemen?
#83Earlier quoted context omitted.
Because it's not a currency. Gold has existed forever but you won't find point of sale systems with good support for gold coins either.
"Bitcoin: A peer to peer electronic cash system" is not a currency. That's some mental gymnastics.
I'm not arguing one way or the other about Bitcoin, but just pointing something out in general: marketing/slogans/etc aren't always accurate. Regardless of the item, mental gymnastics are not required to understand that.
Edit: marketing/slogans/subtitles/bylines/etc
Re: Ask HN: Practically accepting cryptocurrency for businesses without middlemen?
#84Earlier quoted context omitted.
Because it's not a currency. Gold has existed forever but you won't find point of sale systems with good support for gold coins either.
Bitcoin may be largely used as a store of value like gold, but that's not what it was designed for. It's designed to be a currency.
I'm not arguing one way or the other about Bitcoin, but just pointing something out in general: "designed to be" doesn't mean it actually is. Engineers can design things however they want, but that doesn't mean it always holds up.
Re: Ask HN: Practically accepting cryptocurrency for businesses without middlemen?
#85You can use https://nowpayments.io/ which is a noncustodial crypto payment service with support of dozens of coins and tokens. You can easily create invoices, payment buttons or use the api to build your custom solution.
Re: Ask HN: Practically accepting cryptocurrency for businesses without middlemen?
#86Earlier quoted context omitted.
Bitcoin is a failure. It promised privacy, low fees, decentralization, lack of censorship and sanctions. We ended up with a transparent centralized expensive block chain whose tokens are not fungible. It's just a memecoin now. It just happens to be the biggest memecoin on the market. It's the one everyone knows about.
it's a memecoin like windows 95 is a memeos.
It was possible for Microsoft to ship Windows 98. Bitcoin is so ideologically fraught that there cannot really be a "Bitcoin 2" without some massive upheaval. If you invested in Microsoft in the mid 90s you'd be doing great. If you invested in literally Windows 95, oof.
Re: Ask HN: Practically accepting cryptocurrency for businesses without middlemen?
#87A bit of a related question: What is the best option to offer crypto payments to customers who hold no crypto and are new to crypto? I have a side project in a domain where I pay about 15-20% for CC verification/foreign exchange/payout. Huge numbers where crypto should be preferable. However, even with discounts I can not get any crypto payments. Customers do prefer to use CCs. I check the crypto payments space every…
> I have a side project in a domain where I pay about 15-20% for CC verification/foreign exchange/payout.
I wouldn't assume that cryptocurrency will solve that problem for you. That's a huge cut, and I suspect if you get a little creative, you could bring that cut down. (Remember that cryptocurrency has its own set of problems too.)
> to customers who hold no crypto and are new to crypto
> Customers do prefer to use CCs
IMO, look for a different credit card solution.
Re: Ask HN: Practically accepting cryptocurrency for businesses without middlemen?
#88Earlier quoted context omitted.
There are not public lists, with exception of official government sanctioned addresses. Only the chain analysis companies have the (valuable) data so the future seems to be that businesses will need to pay for a subscription and share data with them, if you want to transact BTC. The algorithms are not clear either, because that information could be used by adversaries with tainted coins to try to evade detection For…
so much for decentralization...
1 BTC = 1 BTC, how much USD each one is worth varies due to its inherent lack of fungibility.
1 BTC is better thought of as a booster pack of 100,000,000 NFTs.
Re: Ask HN: Practically accepting cryptocurrency for businesses without middlemen?
#89Earlier quoted context omitted.
"Bitcoin: A peer to peer electronic cash system" is not a currency. That's some mental gymnastics.
I'm not arguing one way or the other about Bitcoin, but just pointing something out in general: marketing/slogans/etc aren't always accurate. Regardless of the item, mental gymnastics are not required to understand that. Edit: marketing/slogans/subtitles/bylines/etc
That's not a marketing slogan, it's the title of the paper that launched bitcoin.
Re: Ask HN: Practically accepting cryptocurrency for businesses without middlemen?
#90I provide a service at https://tilt.cash that lets you accept crypto payments directly into a private wallet.