3 ms·
I added basic bitcoin functionality to our store a few years back. About 1% of customers chose it, and nobody really paid attention to it. Then, payments would
by IAmEveryone 9y ago
I added basic bitcoin functionality to our store a few years back. About 1% of customers chose it, and nobody really paid attention to it.
Then, payments would just stop getting through unless customers were willing to spend $40 (on a $60 purchase). That ended our little experiment. I couldn't care less about credit card companies' unwillingness to deal in child porn and Nazi propaganda. For us, they simply work.
The decentralised nature of Bitcoin has also been proven to be mythological anyway. You can't use it (or any other cryptocurrency) without access to centralised services for exchange and other services. And those companies will adopt the same policies as CC companies and banks as they grow larger, professionalize, and draw scrutiny.
The only positive was the small fortune that had accrued in the meantime. The earliest orders had exchange rates of around $100:1BC. We didn't care about it December or so, and got lucky again in that the problems with transaction costs both coincided with BC's peak and were the reason for us to cash out.
- duncan_bayne 9y agoHow about their unwillingness to deal with Wikileaks? Or the legal marijuana industry? Or the legal sex industry? Maybe you were trying to be flippant, but it came off as somewhere between ignorance and slander.