Bitcoins will be the preferred payment option in this industry between webmasters
 

You will soon find the first designer or coder accepting Bitcoins on gfy.

By this time next year it will be widely used between webmasters.

Congratulations!
BitCoinBanker.com

is a Premium Domain Name and is available for $99,000.00*

Sure will.

At the end of the day all the bitcoin users still need rely on someone cashing out their bitcoins to currency

:thumbsup:thumbsup:thumbsup

Fact. :2 cents:

Thats what services like Bit Pay are for. As time goes on there will be less reasons to cash out since you can buy lots of stuff within the economy.

We need COCKBITS that can be exchanged for BITCOINS and then you can exchange them for real cash lol

Will work for bit coins lol

:1orglaugh:1orglaugh

Which is no problem whatsoever.
And don't they need to rely on the same thing now as well?

I understand the ability to cash out that was my whole point. Most will just get paid via bitcoin - find an exchanger and cash out.

You mention in the future there will be less reason to cash out? Do you really see your cell phone provider - cable company - internet - mortgage - insurance - local gas station - banks ...accepting a non-traceable currency?

Sure you can buy a computer online with a bitcoin but so can you with any ewallet system that you can get paid in.


The downfall to bitcoin right now is you have to take an extra step to turn that bitcoin into something that is usable for your ever day needs.

Accept bitcoin -- > Send bitcoin to exchanger -- > Get money into ewallet -- > Withdraw

VS

Accept Ewallet payment -- > Withdraw

Not sure I follow your question

explain?

:thumbsup:thumbsup:thumbsup

At the end of the day - why not to accept those play money. This could be competitive advantage. Lets say somebody wants to spend his bitcoins on design so that person accepting them is more likely to get that order than someone not accepting.

at the end of the day. when you get your paycheck, where does it go ? right back into the bank and you're using the monopoly money that's on your debit card 99% of the time.....

I think you're right. I wouldn't mind receiving my affiliate payments as bitcoins either but I think the sponsors might have tax issues with that.

It's not even about evading taxes for me. It's about avoiding fees and bullshit. Fuck sending people I don't know in foreign countries my driver's license, scans of my credit cards, utility bills, and photographs of me every year or two. Fuck ridiculous fees.

I wonder what our models would say if it told them we pay in bitcoins

It needs to be more stable. No one wants to use them and see they could be worth 10% more on Monday or worse you just sold something and now bitcoins are down 15%. It is too volatile.

99% of the time my money may go on a debit card...that is accepted as a standard that I can pay my bills with. Bitcoin i can take a couple steps to turn into cash rather than just have the cash.

One thing that I do like about bitcoin is the fact that the demand determine the value.

If i had a sponsor pay me out $100 in bitcoins today at the end today i could of found a buyer and cashed out at $125 :)

most all transactions are electronic these days, i do very few cash and carry transactions in my daily life, i trust that the system will send my electronic payment blip to the right place every day.

i handle very little cash, if i need cash, i have to go to the bank to pull "cash out" of my account.

so at the end of the day..... a cash out is a cash out.

sounds like you work for an ewallet company

Not likely unless shit has changed since the last time I used bitcoins. Who would want to pay 5-10% to buy bitcoins and then another 5-10% to cash them out?
It is a great way (for now anyway) to launder money or buy dope though.

exchange rates aren't nearly that high

I have had several clients ask if we could accept them for payment and we may in the future. Only time will tell but we are keeping our eyes on Bitcoins.

Why don't you start the trend. It will happen anyway :)

I think it will too eventually. I'm getting ready to launch ZDV4.0 and we're definitely considering it and have been talking about doing it for months. I will try anything as long as all parties are satisfied and it's convenient and legal.

I worry a little the government will get more involved and halt it in some way.

The only thing the government will be able to do is increase the value of it Zuzana.

It used to be, but that was a few years ago

and??? what???

Which reminds me how more and more people start talking about and using bitcoins... Next they make statue or temple of Satoshi. Who knows... :1orglaugh

I'd definitely join and promote a sponsor that paid in bitcoin.

I have uses for bitcoin.

Anybody know anybody that wants to pay in bitcoin?

I would also promote sponsors which pay via BTC..

Food for thought about BitCoins From Wired (Dec 2012):



Caveat emptor... :winkwink:

ADG

I dont know how you do your bookkeeping but i very much doubt that in my country i can go and file my invoices based on bitcoins.

For that part of webmasters that avoid paying taxes anyways it might work, but as a serious business that pays taxes this is nonsense.

I sold bitcoin.biz last week for 5% of that.

When you cash your coins what is the problem exactly?

Do you file invoices with your local tax office?

So how would i do it - either i send my client an invoice for 100 bitcoins, then the czech tax office declares me insane.

Or i send him an invoice for $100 which he pays with the at that time equivalent in bitcoins but when i cash them out, i will never receive exactly $100 and my tax accountant will declare me insane.

On top of that most of our clients are real companies that file our invoices as well and as far as i can see, bitcoins will never be an internationally accepted currency.

Alrighty then.

wordpress, namecheap, and reddit figured out how to account for bitcoins

it shouldn't be much different than doing business in USD (or any other currency), but paying taxes in your local currency CZK(?)... people do business in other currencies all the time, there are accounting rules to make it all work correctly...

so there is nothing really illegal from accounting point of view about doing business with bitcoins, but you are right, you would probably get audited right away if you put "bitcoins" on any tax form... it has drama written all over it...

exactly.

I'm old fashioned I like currency from governments

bitcoins are no currency unlike USD

nonsense

So Wordpress and Namecheap are just being silly?

where are they incorporated?

when i am in Panama and pay flat $1000 per year in taxes I wont bother either

Namecheap, Inc, a Delaware incorporated entity d/b/a Namecheap.com