Quote:
Originally Posted by mayabong
Have you read any posts on here at all? I've already posted that with services such as bit-pay and btcinch <-- I think thats it. If someone pays you in bitcoins it will convert to usd instantly. The price that you're charging will also float to the price of bitcoins at the time so that you dont take any risk.
Oh jeez why do I even try.
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The risk is that you can't run a business based on a currency that has an indeterminate value at any given moment. You can't plan. You cant budget. You cant make projections. You are saying you now have to make the cost of a product or service change in real time (as in literally milliseconds of market changes - which in itself is a technological feat).
Now you are saying your apple will cost 1.00 Unicorn Dollars one day, 1.20 the next, 2.00 an hour later, .95 the next day, 1.30 2 hours after that and so on. "but there's no risk". You don't have to be a MENSA member to understand the silliness of that argument. In what you feel is a logical means to conceal that risk and hedge against that risk, you are then forced to either display the cost in Bitcoins in Dollars which is in a constant state of flux and changing in real time (which is absurd), or you are forced to mask the fluctuating value of bitcoins behind another concept like "chat tokens" or something else, which again, defeats the purpose.
Furthermore, you have to not only get surfers to buy into these concepts, but models (who are fuckers), studios (worse) and webmasters (good luck with that). Don't forget this is a 4 party agreement and everyone needs to be on board... and does not simply involve the site owner/surfer.
You might get lucky, but few people who try to reinvent the wheel find the success they were anticipating... and ultimately are forced to accept that the standard wheel is actually pretty good. You arent offering a compelling benefit to doing anything with bitcoins.
The simple fact is, there are only negatives to doing anything with bitcoins as a payment option for a chat site.
Everyone with Bitcoins has a Visa or Mastercard. Not everyone with a Visa or Mastercard has bitcoins. Everyone with a Visa or Mastercard also has the security of knowing they can recover spent money if they are ripped of (for digital products). Bitcoins allow no such protection. Everyone understands the concept of Dollars or Euros and is relatively confident in them. Few understand the concept of bitcoins. Even on this very forum. People do not like foreign ideas or any uncertainty (real or perceived) when it relates to their earnings or product prices.
At the end of the day, you can't really make a strong argument for why bitcoins is a great solution to a problem, demand or need. It's not a solution to any problem, demand or need.
At best, at this stage of the game, its an idea that would be a payment option on an existing site. What a massive pain in the ass that would be to cater to .00000000001% of the traffic and site users.
It should always be remembered that irrational exuberance and passion alone for an idea, does not make a shitty idea, a great idea.