4 ms·

This is negative marketing. Anyone that does $1M+ a year in online sales doesn't want their payment vendor losing money. What I want are honest FAQs and simpl

This is negative marketing. Anyone that does $1M+ a year in online sales doesn't want their payment vendor losing money. What I want are honest FAQs and simple integration options. "Free" is irrelevant. If I can get incremental customers and I hope that means $20,000 more bucks. I don't give a shit about $400 vs. $200 vs. $0. Hell, I pay Apple $6000, and I am only kinda mad.

hackerboos 13y ago
>This is negative marketing. Anyone that does $1M+ a year in online sales doesn't want their payment vendor losing money. Forgive me but won't they make money by selling the Bitcoins they receive?
- etioyuahgdhjdkg 13y ago
  They don't want to. Coinbase is in the business of payment processing, not speculating on obscure forex spreads.
  - narcissus 13y ago
    And McDonalds is in the business of real estate, not making burgers. All I'm saying is that just because they do something day in and day out doesn't make that their business. To be honest I think doing this to get BTC to sell is a great business model if they trust the price to climb.
  - yebyen 13y ago
    This is a joke. Everyone in the bitcoin community and even in the civilized world believes that the value of bitcoin is going to go up over time. If they are handling bitcoins then they will be making and losing their daily bread on those obscure forex spreads. The point of using a payment processor is that you don't want to accept bitcoins without a support network and hold them over time by yourself. If that's all you wanted to do, you would use the Satoshi wallet and write some RPC-JSON hooks.
beaner 13y ago
This is negative commenting. A new awesome feature came out and you said you don't really care about it unless they also provide X features. But then you gave no argument as to whether or not they already provide X features. This leads the reader to assume they don't, when in reality they actually do. So I'm not sure what your point is?
ronaldx 13y ago
Agreed: I found this offer a bit strange. It alerted my Ponzi-senses. I'm open-minded, but how can they afford to offer this for free? Will this offer be attractive paying customers, and why do they want to attract non-paying customers?
- Anderkent 13y ago
  It attracts startup businesses, most of which will fail, but some of which might turn into profitable and paying customers later on. A big winner there can easily pay for all the lost ones - esp. since most startups will probably fail very early, not using anywhere close to the 1 million. Yes, it's a loss leader. However, if they have the cash to support it for a time they might tie some very profitable businesses to their infrastructure.

hackerboos 13y ago

>This is negative marketing. Anyone that does $1M+ a year in online sales doesn't want their payment vendor losing money. Forgive me but won't they make money by selling the Bitcoins they receive?

etioyuahgdhjdkg 13y ago
They don't want to. Coinbase is in the business of payment processing, not speculating on obscure forex spreads.
- narcissus 13y ago
  And McDonalds is in the business of real estate, not making burgers. All I'm saying is that just because they do something day in and day out doesn't make that their business. To be honest I think doing this to get BTC to sell is a great business model if they trust the price to climb.
- yebyen 13y ago
  This is a joke. Everyone in the bitcoin community and even in the civilized world believes that the value of bitcoin is going to go up over time. If they are handling bitcoins then they will be making and losing their daily bread on those obscure forex spreads. The point of using a payment processor is that you don't want to accept bitcoins without a support network and hold them over time by yourself. If that's all you wanted to do, you would use the Satoshi wallet and write some RPC-JSON hooks.

beaner 13y ago

This is negative commenting. A new awesome feature came out and you said you don't really care about it unless they also provide X features. But then you gave no argument as to whether or not they already provide X features. This leads the reader to assume they don't, when in reality they actually do. So I'm not sure what your point is?

ronaldx 13y ago

Agreed: I found this offer a bit strange. It alerted my Ponzi-senses. I'm open-minded, but how can they afford to offer this for free? Will this offer be attractive paying customers, and why do they want to attract non-paying customers?

Anderkent 13y ago
It attracts startup businesses, most of which will fail, but some of which might turn into profitable and paying customers later on. A big winner there can easily pay for all the lost ones - esp. since most startups will probably fail very early, not using anywhere close to the 1 million. Yes, it's a loss leader. However, if they have the cash to support it for a time they might tie some very profitable businesses to their infrastructure.