Accept Bitcoin payment

[Wanesa]

Microsoft is now accepting Bitcoins for payments in their XBOX games. Does Turbine also plan to include Bitcoin as payment method? In my country, it is much easer to buy Bitcoin than to get a credit card with internet payments enabled or to get a verified paypal account.

I wonder whether to help people to buy DDO Store stuff using bitcoins (to be intermediary between ddo store and user with bitcoin) is against the rules. It would be better if Turbine implement this directly into the DDO Store. You can find more informations about bitcoin gateway here: https://bitpay.com/

[Trillea]

Microsoft is now accepting Bitcoins for payments in their XBOX games. Does Turbine also plan to include Bitcoin as payment method? In my country, it is much easer to buy Bitcoin than to get a credit card with internet payments enabled or to get a verified paypal account.

I wonder whether to help people to buy DDO Store stuff using bitcoins (to be intermediary between ddo store and user with bitcoin) is against the rules. It would be better if Turbine implement this directly into the DDO Store. You can find more informations about bitcoin gateway here: https://bitpay.com/

Due to the semi-seedy nature of bitcoins, I doubt that Turbine will go that route.

[Wanesa]

semi-seedy nature?

I don't understand

[Daine]

semi-seedy nature?

I don't understand

They have no consumer protection, no chargeback process, can be stolen or lost, are used to purchase illicit drugs for many of these reasons. They are not tied to world currency and can bypass most countries tax systems and can fluctuate wildly in value. They have the potential to destabilise established currencies and economies which leads to real world suffering as well as fund criminal activities in an almost untraceable fashion. Most nations have no laws specifically concerning virtual currencies and by using them you open yourself to the potential for loss which is greater than if you used an established and regulated and protected currency.

So I'd say seedy rather than just semi-seedy.

That said, either the world's governments need to clamp down on virtual currency in the next year or two or just accept it as the future and start adding in the types of protections that only governments can do so via regulation and international trade agreements; of course if they do so, bit coins might lose some of their lustre.

[jalont]

Bitcoin isn't stable. Is Microsoft really accepting them as payment? That's crazy.

[Lonnbeimnech]

back in the 90s people said...
These mp3s will never catch on. People want CDs for the art work and to have something to show off on their shelves, plus they have a depth of sound quality that mp3s just cant match...

In 10 years people will laugh at the idea of paper money.

[Hafeal]

In 10 years people will laugh at the idea of paper money.

That doesn't mean Bitcoins will be the replacement.

[Daine]

back in the 90s people said...
These mp3s will never catch on. People want CDs for the art work and to have something to show off on their shelves, plus they have a depth of sound quality that mp3s just cant match...

In 10 years people will laugh at the idea of paper money.

The industries (and governments) involved at the dawn of digital music didn't even try to understand the implications of the change in media, they chose to neither stamp it out or pro-actively attend to the implicit problem of creating medium for copy-righted material that could be copied and distributed perfectly, infinitely and remotely with little effort. The industry has faced the consequences for the last 20 years and continues to do so.

Letting a world currency grow by itself is a recipe for total disaster. When nations can't control their own currency they can't control any aspect of their being. Whatever nation you live in, the economic might of the other larger nations combined is more powerful than your own. The European Union has the highest GDP in the world, closely followed by both the US, China and then India, Japan, Germany and Russia. Get a world currency like bitcoin wants to be and these are the nations that will control it. Any single nation in that list will be a bit player (pun intended) in decisions about it's own economy; the value of money and thus things like wages, defense budget, food chain, social services, hospitals, education ,etc. will be controlled by outside influences with radically differing ideas of social justice.

We can laugh at paper money right now, but it's also laughable to think we'd be ready for a world currency in 10 years time.