Quote:
Originally Posted by Nathan
If the value of a coin would not move up and down 50% each friggin day, that might actually work. But how much should a non recurring one month membership paid by bitcoins cost? 1 BTC? 0.5 BTC? What if in 3 months a BTC is worth $10, should the price change? should we change it based on current MtGox rate and just mirror our normal prices?
There is no reference of how much a BTC is ACTUALLY WORTH in goods. This is the problem here. There just is a reference how much a BTC is worth trading to USD. What good does that do us?!
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A/B split test which method actually reaches better acceptance short / long term.
From the implementations I've seen so far it was always coupled to the market rate, then again I don't think most people have the volume to actually split test with fast meaningful results, either that or nobody has actually tried to establish the value of a bitcoin with other means.
Either way could have success - if you take the anonymity of bitcoins in conjunction with porn it should be a no-brainer that people would use them for their privacy / convenience.
Under that aspect I could see people accepting a certain markup in pricing since it's a one-time payment without their name attached they know it can't "bite them in the ass" (carding, angry wife [card/bank statement] etc.)
One method is automated (attach bitcoin value to market value) the other you have to adjust it yourself to not make a loss - then again you could monitor if you _actually_ make a loss or if those are simply extra sales that would not have happened with standard payment / funding methods in the first place.