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WordPress.com accepts Bitcoin

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Re: WordPress.com accepts Bitcoin

#91

Post by weinzierl »

Jach wrote: post #82
Steko wrote: post #27

Earlier quoted context omitted.

>> So where are the reliable exchanges right now? > MtGox ... > Bitfloor ... If this is the first two you come up with I'm guessing none of them are reliable.

As far as I'm aware, Mt. Gox is the most secure exchange around right now and hasn't had an incident since its big one last year. Even so, you only have three fears: 0) You poorly secure your account and someone logs in as you and takes your coins 1) Bitcoin's value plummets and you lose all your invested money. 2) Mt. Gox loses some of their actual coins, and refuses to let you withdraw from your balance with them.…

I have a fourth fear with Mt. Gox. For a European the only way to directly buy Bitcoins there is a SEPA transfer. Mt. Gox will only accepts this after I send a scanned identification document and a proof of residency without ANY alterations.

I understand why they need this and I appreciate that they are thorough in their measures to prevent fraud and money laundering. I even sent my passport to other companies, but only altered in a way that makes it unusable for identity theft.

But still: I don't trust them enough that I don't fear my passport scan gets leaked some day and is used for identity theft.

Re: WordPress.com accepts Bitcoin

#92

Post by westi »

pdog wrote: post #12

For those wondering what you can actually pay for, here's the store for premium upgrades: http://store.wordpress.com/premium-upgrades/pro-bundle/ -- Here's what you can buy: Pro Bundle (all upgrades in a single purchase) Custom Domains Custom Design Premium Themes VideoPress Extra Storage Ad-Free Guided Transfer Offsite Redirect

Thanks.

Actually, the Pro Bundle doesn't include all our other upgrades just a selection of our most popular upgrades at a discounted price.

The Pro Bundle includes:

A Custom Domain (Either a new one or map one you already own). The Custom Design Upgrade - Fonts, Colours, CSS. VideoPress video hosting. Makes your site Ad-Free. An extra 10GB of storage for your images/videos.

You can see the full store listing here: http://store.wordpress.com/premium-upgrades/

Re: WordPress.com accepts Bitcoin

#94

Post by haarts »

Groxx wrote: post #20

Wow, that's big news. Now they just need a client that doesn't take days to download the block chain :| Seriously, I wonder if one of the bigger barriers to bitcoin adoption is the lame official application.

I couldn't agree more. The user experience is downright terrible. And when you eventually catch up but don't run the client for a couple of days your stuck in purgatory again.

Re: WordPress.com accepts Bitcoin

#95

Post by haarts »

Groxx wrote: post #60
pacpac wrote: post #31

Earlier quoted context omitted.

The future is here my brother: http://multibit.org/ http://electrum.ecdsa.org/

Thanks! I haven't seen these before. Electrum looks interesting, due to simplicity. What does it mean by using a remote server though? Do they just use a single block chain remotely and tell you what your balance is for keys ?

I'm not sure about the balance part, but I do know that they basically have the block chain on their server(s) and verified it's integrity. Still, now I have to trust some third party.

Re: WordPress.com accepts Bitcoin

#96

Post by haarts »

peterjancelis wrote: post #68
mvleming wrote: post #61

Earlier quoted context omitted.

I'd love to read on thoughts about how a digital currency will change economic policies, the market, and just things in general. If its decentralized (i.e. the currency is not distributed from a central bank), then presumably you can't deflate or inflate the value of the currency in order to encourage economic growth (am I getting this right?). Also I'm wondering what Bitcoin means in terms of banks. If I don't need…

Here's a recent report by the ECB itself: http://www.ecb.int/pub/pdf/other/virtualcurrencyschemes20121... Here's an analysis of that report by economic analyst Tuur Demeester: http://www.zerohedge.com/news/2012-11-04/bitcoin-seen-throug... Here's an interview of Tuur Demeester by Max Keiser about his report: http://www.youtube.com/watch?v=d5vowdygIPU#t=12m42s Long story short: The ECB is worried about Bitcoin because…

I found the whole Tuur Demeester (a disciple of Ludwig von Mises https://en.wikipedia.org/wiki/Ludwig_von_Mises) analysis rather inflammatory and left leaning.

Still a good read if only for a perspective change.

Re: WordPress.com accepts Bitcoin

#97

Post by LaRakel »

dewiz wrote: post #44

quick question, regarding the people that can't buy Wordpress services with Paypal or credit card, how do they buy bitcoins?

There are bitcoin exchanges using various methods, for example by SEPA bank transfer. I think many people without credit cards can use Paypal but don't want to.

Re: WordPress.com accepts Bitcoin

#98

Post by netcan »

Ideologically, bitcoin is a currency. But, apart from fringe speculators, ideologues & novelty seekers its gaining traction as a payment method.

That's great because a better payment methody something we really need. A payment method for a world where computers exist. Credit cards, paypal and friends are doing this job terribly, inequitably, opaquely and at a high cost.

For "card not present" transactions credit cards work like this: (1) a merchant tells CC company (through payment gateways) that a customer wants to pay them some amount (2) the credit card company says OK (or no) (3) If at any point in the next 6 months the customer demands that money back, they take it out of the merchants account. If this happens too often, they cut off the merchant's ability to accept credit cards.

Step 3 puts the entire cost of fraud on the merchant. They then find their own way of minimizing it. There's the cost of the actual payment processing (2%-4%), the cost of fraud & the cost of preventing fraud. That's around 2.5%-10% of gross. In some cases it just completely prevents entire business categories. This also amounts to a pretty steep competency requirement just to accept payments.

There are a lot of businesses and business categories that just don't exist because the basic infrastructure of the digital economy (money) is crap. We're basically using seashells.

Re: WordPress.com accepts Bitcoin

#99

Post by fuckzhouttong »

jlgreco wrote: post #84
fuckzhouttong wrote: post #81

Earlier quoted context omitted.

ZhoutTong IS A THIEF AND NAME TERRIFIC WILL STEAL YOUR MONEY

Care to provide some more information / collaborating evidence?

He robbed the bitcoinica customers and he'll rob you too

https://bitcointalk.org/index.php?topic=95738.0

Re: WordPress.com accepts Bitcoin

#100

Post by fuckzhouttong »

zhoutong wrote: post #45
merty wrote: post #42

For some reason, I always thought it was matter of time that Bitcoin would be declared illegal. People say different things regarding its legality so I will continue to stay away from it, at least for now. Though, I think Automattic wouldn't accept it as a form of payment if there was such a possibility. Is there anyone who can enlighten me about the legality of Bitcoin?

Bitcoin is an unregulated financial asset, similar to gold. The fact that it exists in digital form makes the whole situation much more complicated.

fuck you you scammer

https://bitcointalk.org/index.php?topic=95738.0

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