Buying/selling with Crypto?

Discussion in 'The Bar' started by ian, May 15, 2018.

  1. ian

    ian Well-Known Member Acorn Supporter

    Joined:
    Jan 2008
    Posts:
    3,279
    Likes Received:
    205
    Interested to know whether any of you have bought or sold using cryptocurrency as the payment method? Love it or hate it, we are at the fore-front of 'the web', so it surprises me how few have adopted it.

    I know we have the "bitcoin" thread; this is more targeted at those that have done deals. Did you request to pay/sell with crypto, was it suggested to/by you, were you able to offer this method via your placehold or auction?

    I've offered it as an option, with a discount, as it is certainly a lot easier than having to mess around with Paypal, who have been terrible for me lately.

    (before anyone asks, all my tax obligations are paid in full, this isn't a means of avoidance).
     
    Last edited: May 15, 2018
  2. Domain Forum

    Acorn Domains Elite Member

    Joined:
    1999
    Messages:
    Many
    Likes Received:
    Lots
     
  3. JMI

    JMI Active Member Acorn Supporter

    Joined:
    Oct 2015
    Posts:
    164
    Likes Received:
    29
    That's because it's a giant ponzi scheme. There's nothing behind it.
     
    • Funny Funny x 1
  4. dee

    dee Well-Known Member Acorn Supporter

    Joined:
    May 2013
    Posts:
    1,157
    Likes Received:
    116
    Would be a great option for a domain auction site if the logistics could be sorted
     
  5. aZooZa

    aZooZa Well-Known Member Exclusive Member

    Joined:
    Nov 2005
    Posts:
    4,707
    Likes Received:
    145
    Sort of like fiat...
     
    • Winner Winner x 2
  6. Admin Andorra

    Admin Administrator Staff Member

    Joined:
    Jun 2004
    Posts:
    10,646
    Likes Received:
    239
  7. JMI

    JMI Active Member Acorn Supporter

    Joined:
    Oct 2015
    Posts:
    164
    Likes Received:
    29
    Which has a central banking system that is accountable, Gold reserves etc.
     
  8. amfletchers United Kingdom

    amfletchers Active Member

    Joined:
    Mar 2011
    Posts:
    172
    Likes Received:
    12
    I'm not sure how this is in any way relevant to the original question. If you want to post about why you think it's a ponzi scheme maybe start your own thread rather than hijacking the OP's.

    To answer the original question, I have been asked to accept crypto in the past but so far have refused due to the volatility at the time.
     
    • Like Like x 1
  9. JMI

    JMI Active Member Acorn Supporter

    Joined:
    Oct 2015
    Posts:
    164
    Likes Received:
    29
    The OP did ask why so few people have adopted it.. I gave an opinion.
     
  10. dog

    dog Active Member

    Joined:
    Feb 2017
    Posts:
    286
    Likes Received:
    18
    You need a buyer to send coin first which they don't want to do.
     
  11. Domaintial United Kingdom

    Domaintial Active Member Full Member

    Joined:
    Dec 2015
    Posts:
    116
    Likes Received:
    9
    We've offered it for a long time, and in the rare instance that there is legitimate interest in paying via crypto, by the time we come to close the deal has swung back to traditional methods / escrow.

    The biggest challenge is lack of escrow support, as @dog said, things tend to break down when you ask for payment upfront, as there is no reversal mechanism in place. Some for of smart contract escrow, or atomic swap geared towards domaining/domain transfers would make life a lot easier.

    We're still a long way away from wider scale adoption IMO.