GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Bitcoins: perfect for micro-transactions?

signupdamnit · 04-01-2013, 02:18 PM

So I'm finally figuring out this bitcoin thing and considering what can be done with it. Not as an investment but rather for online commerce. After thinking it seems to me that bticoins are almost perfect for accepting micro-transactions in a profitable way.

Let's say you have a site which does 100,000 unique visitors a month. If you could get 10% of those visitors to pay you a mere 50 cents a month that would be $5000. If you could get away with $1 it would be $10,000. That isn't bad. Especially considering the times.

The advantage of bitcoins as I understand it is that in the rawest form there is no middleman. So 50 cent or $1 transactions are entirely feasible. There is an optional fee you can pay to speed up the transactions but it's entirely optional and up to the sender if they wish to pay.

There does exist the transaction delay as a disadvantage. The delay is typically about 10-15 minutes. But this isn't a show stopper. You can build around it such as allowing an IP address 1-3 hours a month for free and making it clear that to see more they need to send BTC to a special unique address.

It seems to me then that the biggest thing holding it back right now for this is a lack of proliferation of bitcoins among surfers. But that could change. I sincerely hope it does. Affiliates with high traffic sites in particular could benefit greatly from this.

04-01-2013, 02:18 PM
signupdamnit Confirmed User Industry Role: Join Date: Aug 2007 Posts: 6,697	Bitcoins: perfect for micro-transactions? So I'm finally figuring out this bitcoin thing and considering what can be done with it. Not as an investment but rather for online commerce. After thinking it seems to me that bticoins are almost perfect for accepting micro-transactions in a profitable way. Let's say you have a site which does 100,000 unique visitors a month. If you could get 10% of those visitors to pay you a mere 50 cents a month that would be $5000. If you could get away with $1 it would be $10,000. That isn't bad. Especially considering the times. The advantage of bitcoins as I understand it is that in the rawest form there is no middleman. So 50 cent or $1 transactions are entirely feasible. There is an optional fee you can pay to speed up the transactions but it's entirely optional and up to the sender if they wish to pay. There does exist the transaction delay as a disadvantage. The delay is typically about 10-15 minutes. But this isn't a show stopper. You can build around it such as allowing an IP address 1-3 hours a month for free and making it clear that to see more they need to send BTC to a special unique address. It seems to me then that the biggest thing holding it back right now for this is a lack of proliferation of bitcoins among surfers. But that could change. I sincerely hope it does. Affiliates with high traffic sites in particular could benefit greatly from this. __________________ You don't like my posts? Put me on ignore or fuck right off. I'll say what I want.