Do we need BitCoin at Udimi?
Do we need BitCoin at Udimi?
Uncle Dimitry
0
679 posts / 533 likes
1
I am thinking about adding this currency to Udimi.

Benefit for sellers will be super low or none commissions for payment processing.

Best, Uncle Dimitry.
Posted 5 Nov at 20:25
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Rick Ling
218  / 3
224 posts / 41 likes
the thing is how does it work I mean one bit coin is like a thousand bucks isn't it?? or how are the dominations worked out... not totally understanding that currency but definitely a better option than PP or Payza and the like...!?
Posted 6 Nov at 13:29
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Uncle Dimitry
0
679 posts / 533 likes
you can buy 0.0001 btc

Posted 6 Nov at 13:39
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Rick Ling
218  / 3
224 posts / 41 likes
oh where as joined one place it said current rate was like $1500 or something hmm where Uncle?
added later
what's .0001 cents or less than?
Posted 6 Nov at 15:03
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Uncle Dimitry
0
679 posts / 533 likes
you maybe should google Bitcoin and learn how to use it. It is free
Posted 6 Nov at 15:13
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Justin Lam
16
3 posts / 1 like
mm trying to be helpful and skipping Rick the Google part
https://bitcoin.org/en/getting-started
Posted 6 Nov at 16:06
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Rick Ling
218  / 3
224 posts / 41 likes
Ok thanks Justin will have a look....
added later
Ok as I said before this is the going rate for ONE bitcoin $343.18 per bitcoin so I guess out of my league and how does the pay a $20 order or something hmm... ok seen it says a faction of a coin so how will that work I think too confusing or not to pay for items ie solos/adverts here?
added later
Anyway will have a look at other places but as I said pretty expensive...!
added later
Ok .1179 of a bit coin is $50, hmm...
Posted 7 Nov at 16:22
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Uncle Dimitry
0
679 posts / 533 likes
You'll need to buy 0.02 BTC if you want to have a solo $10 worth
Posted 7 Nov at 16:40
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Heather Alessandra
1696  / 1
273 posts / 246 likes
As long as I don't have to waste my time dealing directly with BTC then I am fine with it. I just want my payment sent to PayPal as always.
added later
Instead of BTC why don't you consider Skril.com . Lots of people like it. BTC is trendy, but low adoption rate, My opinion it is best to keep everything in dollars. It's simple, legal and everyone understands it.
Posted 7 Nov at 17:38
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Uncle Dimitry
0
679 posts / 533 likes
will definitely take a look at Skrill
Posted 7 Nov at 19:16
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Rick Ling
218  / 3
224 posts / 41 likes
Like bitcoin as an alternative too... sound cool... most solo are at least $40 uncle for 100 so would be around .1 for that...
Posted 7 Nov at 22:03
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Justin Lam
16
3 posts / 1 like
Uncle, I understand it ultimately is to benefit sellers, with reduced or even no commissions for payment processing, but as a buyer, unless the step by step to buy is very simple and "in your face".. I may eventually be turned off by this.
Just my 2 cents..
Posted 8 Nov at 01:17
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Uncle Dimitry
0
679 posts / 533 likes
looks like you are right
Posted 8 Nov at 10:03
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Rick Ling
218  / 3
224 posts / 41 likes
Yeh hard to obtain these bitcoins(you need a wallet as such too) as can go to bank have a turnaround period to receive too from what I heard.. a lot places sellers have min purchase as well... for me an option is ok if have no other in a squeeze but generally I would use PP and Payza simple the others I have never heard of, but if easy to setup no point in not having the options it's good...
Rick Ling
Posted 8 Nov at 12:41
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Heather Alessandra
1696  / 1
273 posts / 246 likes
Uncle D, one other aspect of BTC you didn't consider is that Udimi is at HUGE risk for fluctuations in BTC based on your structure.

For example if someone buys a solo 2 weeks out and BTC is trading at $380 and then it is trading at $300 just after solo is completed your liable for that decline. You potentially could loose a lot of money. Likewise you could gain but why take that risk.

Leave BTC to those who want to sell drugs or other elicit items cause there is really no other use for it outside of that. Good credit, a high limit Visa or Amex beat it any day.

Payza, Skrill are all good PayPal alternatives. There is also Google Wallet or even Amazon Payments.
Posted 10 Nov at 15:46
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Uncle Dimitry
0
679 posts / 533 likes
looks like we don't need BTC, but pair alternatives to PayPal.
Posted 10 Nov at 21:21
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Vincent Craine
212
17 posts / 5 likes
4 or 5 years ago if you bought $27 worth of Bitcoin I heard it is now worth 850.000. What a turn on investment. Yes I was approached many years ago Turned it down :-(
Posted 11 Nov at 04:51
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Howforyou
2
14 posts / 0 likes
If it's an option it will be good I think those who like it can use it those who don't use pay pal etc... Just my 2 cents.
Posted 13 Nov at 00:54
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Joey George
23  / 8
12 posts / 6 likes
I am disappointed by one comment that says bitcoin is for illegal stuff only... Bitcoins are being used by more genuine merchants like Wordpress, TigerDirect, Overstock, etc, but unfortunately, only the bad instances remain in people's mind. How much dollars are transacted in money laundering cases? We ignore it even if its in the news. But when a non-govt non-central-bank based currency gets into dirty use, the whole currency is dirty?

Cant blame the people I guess, we are somehow used to accepting whatever is fed to us via mainstream media.
Posted 14 Nov at 05:41
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Rory Jones
25
3 posts / 4 likes
From a buyers perspective it sounds like to many hoops to jump through to use bit coin. That and i think it is confusing to most on how it works. With that said i like having options. :)
Posted 14 Nov at 10:04
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Agnes Marin
347  / 8
76 posts / 23 likes
Same here Rory
Posted 14 Nov at 10:42
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