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Namecheap now officially accepts Bitcoin

namecheap.com

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Re: Namecheap now officially accepts Bitcoin

#91

Post by lucb1e »

rrrrtttt wrote: post #90
geoffschmidt wrote: post #87

Earlier quoted context omitted.

Bitcoin is not exactly a mature currency. When a new merchant starts accepting Bitcoin payments it's still front page news. So I wouldn't read too much into the lack of lending infrastructure. Evaluating creditworthiness, and going after defaulters, is a lot more work than holding cash deposits or accepting cash in return for products, and those things are still big logistical challenges in Bitcoin land.

Sure, but I still have my doubts. Apparently merchants like Namecheap accepting Bitcoin don't name their price in Bitcoin, they name their price in USD. Again, if you believe in Bitcoin, shouldn't you name your price in Bitcoin?

With the volatility of Bitcoin's price, it's quite hard to do. They can't set a single price, so they would have to modify their existing site (where most people probably come to pay in USD anyway) to automatically fetch the current market price.

Re: Namecheap now officially accepts Bitcoin

#93

Post by rishimoko »

BoyWizard wrote: post #22
toomuchtodo wrote: post #16

Earlier quoted context omitted.

Except its now legal for merchants to tack on a surcharge for you paying with credit (as it should be). Online merchants will absorb the cost of processing credit cards, as they aren't going to wait for a check in the mail. But physical merchants that can accept cash and are now allowed to recoup that 3%? I can see certain groups of people migrating away from plastic if it increases the cost of their goods/services i…

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.

I happily trade off the security of banks for the freedom of Bitcoin. It's an easy trade. I can watch out for myself.

Re: Namecheap now officially accepts Bitcoin

#94

Post by doctoboggan »

lowglow wrote: post #9

Hey all! I'm trying to build a domain registrar we'd actually love to use. Does bitcoin really appeal to you as a user? I'm trying to find a list of must-haves and want-to-have features to bake into my project.

Let me programmatically set the ip you point to and I will give you money

Re: Namecheap now officially accepts Bitcoin

#95

Post by robryan »

jimworm wrote: post #83
sachingulaya wrote: post #76

Earlier quoted context omitted.

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.

Today's bitcoin is a little more liquid than yesterday's, and the trend will continue as long as more and more people start accepting bitcoin as payment. This liquidity has a positive effect on value.

I would assume that one of the major reasons in holding bit coin is still to sell it at some point (until a large amount of people accept it)

Meaning that once it hits a certain level people will start cashing in and crash the price again?

Re: Namecheap now officially accepts Bitcoin

#96

Post by zanny »

stevewilhelm wrote: post #92

To put in perspective: _____~10000000 (10 million) dollars in bitcoin transactions a day [1] verses ~5000000000000 (5 trillion) dollars in daily foreign currency trades worldwide. [2] [1] http://s831.us/XIQoZ7 [2] http://s831.us/XISAQb

My take away is "holy crap, 10 million bitcoin a day is trading hands. That's a lot!"

Especially for a fledgling currency with staunch opposition by traditional bankers and financial markets because it solves a lot of problems that make them a lot of money.

Re: Namecheap now officially accepts Bitcoin

#98

Post by geuis »

lowglow wrote: post #68
geuis wrote: post #36

Earlier quoted context omitted.

Honestly, a good reputation is the primary feature I care about. Don't be super expensive, on par with Namecheap and godaddy. And don't make the interface bloody complicated. GD is the worst, Namecheap is better but needs work. And make it incredibly easy to move my domains in and out.

What's the most difficult part about moving your domains in and out and why would you switch registrars?

I have a lot of domains. Its expensive to maintain them. Godaddy will sometimes throw up brick walls and prevent domains from being transferred. Right now I've got something like 30 domains spread across 2-3 registrars. Its been such a hassle with godaddy that I kind of got stuck there, as much as I'd like to move.

Re: Namecheap now officially accepts Bitcoin

#99

Post by toomim »

robryan wrote: post #95
jimworm wrote: post #83

Earlier quoted context omitted.

Today's bitcoin is a little more liquid than yesterday's, and the trend will continue as long as more and more people start accepting bitcoin as payment. This liquidity has a positive effect on value.

I would assume that one of the major reasons in holding bit coin is still to sell it at some point (until a large amount of people accept it) Meaning that once it hits a certain level people will start cashing in and crash the price again?

No, cause it's best to just hold onto it until a large amount accept it. That's when you'll get the most value for it.

Re: Namecheap now officially accepts Bitcoin

#100

Post by agorabinary »

WhoIsSatoshi wrote: post #86
jacoblyles wrote: post #69

Earlier quoted context omitted.

Why ask useless questions? How deep is the ocean? How high is the sky? Who is Satoshi Nakamoto?

Galt he isn't - "The universe believes in Encryption" (J.Assange) and this fact is at the same time the redeeming and redemption of the system we're watching suffer. Key point though - we're not relying on Nietzchieans supermen championing themselves or their genius. We're championing the universe, and empowering everyone. Freedom.

Atlas? :)
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