Ask RR: Would you pay for a subscription with Bitcoins?

[dominator612]

Originally Posted by weeksben1

Lindsay,
If there were more robust security, in the bit coin infrastructure. I'd consider it, but as its setup now, not very likely. This has more to do with the lack of infrastructure security in the bit coin economic and business models, than Radio Reference whatsoever. IE, my reluctance would have nothing to do with RR, rather with Bit coin itself.

Bitcoin is not even a standard yet so I have a question to ask, why consider bitcoin in the first place???

I have done 6 months of research into bitcoins and it's far from being easy as it sounds.

Security is the main reason as you said, but bitcoins are not like pennies or dimes. there is a complicated process to bitcoins and it's not even an accepted standard like paypal is right now.

Just type bitcoins and bitcoin mining into google and your jaws will drop.

That's all I am going to say as i am going to stick to real cash

[bgav]

Nope, I wouldn't use them.

I heard the ratio of Bitcoins to Linden Dollars is the same as Unicorns to Leprichans.

[mike_art03a]

Bitcoins, in theory, could become the next universal currency. However, they are a pain to obtain (if you're not buying them outright) and the security model could use some work.

I've been toying around with them for some time now (heck I pay for webhosting with them) and it's a neat concept, but sorely lacking in the standardised implementation aspect.

As for paying for a subscription.... Eh... not at this time until rates settle a little and the tech matures a little. And this is coming from a techno-geek who works with the stuff for a living.

[b52hbuff]

I'm curious to know what problem is being solved for RR.com providers or subscribers? The theft section from Wikipedia sounds pretty scary.

Have there been issues with PayPal? I think I've paid via PayPal, credit card and personal check. Haven't had any problems with any payment mechanism.

[mrkelso]

No never heard of them.

[wa8pyr]

Doesn't look like something I would be particularly enthusiastic about. Without knowing a lot more and in greater detail (that can't be edited to suit his personal preference by a whacko with a laptop), it just screams "hackable" to me, which is not a happy feeling when one is talking about currency of any flavor.

[902]

I'm just beginning to feel comfortable with PayPal. For the moment, the answer would be "No." I'd gladly revisit that if the concept gained more traction. In my "away from the computer" life, I am trying to simplify things and go back to good ol' legal tender versus emoney. Nothing good comes from marketers tracking my purchases, etc.

[blantonl]

Note that we're not suggesting that we would wholesale replace our payment methods with Bitcoin - it could just be a payment option. The Bitcoin ecosystem is very intriguing.

[mjbjr]

was that link in English? lol

[fxdscon]

I wouldn't be interested in using it.

Considered it for my business, but dropped the pursuit of it, mainly because of surveys such as you are doing here.

Customers overwhelmingly turned it down. Some of their reasoning opened my eyes a bit also.

I didn't get down to studying the nuts and bolts at the very beginning of the survey, didn't want to invest too much time if there was no interest. But I did come away with an education.

Survey was heavily weighted to the "no" side by those that had varying levels of knowledge about it.... followed up by a lesser group that had never heard of it.

The "yes" side was sparse.... to say the least.

Perhaps some day, but not now.

.

[tcolgan]

Bitcoins? No. I only pay in oak firewood.

I wonder what the exchange rate of a cord of oak firewood (properly stacked, of course) to Bitcoins would be?

[Ryangn]

Read the article once. Didn't get it. Read the article twice. Still don't know what a Bitcoin is. No for me.

[mlmummert]

Never heard of them - not interested either


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[QDP2012]

I vote "no" due to security and convenience issues.

[firenhmedic]

No thank you PayPal Please

[fourthhorseman]

Absolutely. YES.

[wmetech1]

I think the concept of Bitcoins is really intriguing but I'm still not quite sure how to obtain them and how the whole system works. Also, as others said, I do like having a central governing body (such as PayPal) in case something goes wrong. Even though PayPal has one of the worst customer service records in history, it's better than nothing.

That said, I have nothing against giving people more options

[N2PYS]

I would rather be a snowball with the flu in hell before i got involved in Bitcoin's !

[N2MWE]

Negative, K

[rafdav]

for bitcoin:
Buy Bitcoins Instantly Anonymously with Credit Card PayPal MoneyPak Online Buy Bitcoin Sell
I would say that many pro and con viewers just read this kind of small article about the intriguing "bitcoin".