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Still don't see why they can't just accept bitcoin. Buying BTC via credit card is trivial via Coinbase (and they won't ban customers), and while they won't get

by andreyf 10y ago

Still don't see why they can't just accept bitcoin. Buying BTC via credit card is trivial via Coinbase (and they won't ban customers), and while they won't get 100%, they're much more likely to get quite a bit more than 0.1% even if BTC is the only payment option.

timmaah 10y ago
Do you think their lawyers and staff want to get paid in BTC?
- modeless 10y ago
  They wouldn't have to. There are at least 18 other bitcoin exchanges they could use: https://data.bitcoinity.org/markets/exchanges/USD/30d https://data.bitcoinity.org/markets/exchanges/USD/30d
robhu 10y ago
If it is provable that Coinbase is being used as a means of bypassing VISA et al's restrictions on sites like FetLife, what is stop VISA et al doing the same to Coinbase?
- problems 10y ago
  You can already proxy around the CC companies in all too many ways. Buy gift cards, cash cards, heck, prepaid VISA cards for example. They're not going to bother going after this kind of thing, they'd lose money over it. It doesn't make sense from a financial perspective.
  - robhu 10y ago
    Ah. It turns out FetLife were also banned from Coinbase because Coinbase doesn't want to be cut off as a result.
    - andreyf 10y ago
      But that's the great thing about BTC... all you need to accept them is a computer, and all you need to know when you got some is an ISP.