Bitcoin Community, please accept our deepest gratitude. _ Bitcoin bitcoin payments

Bitcoin is the currency of the internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With bitcoin, you can be your own bank.

If you are new to bitcoin, check out we use coins and bitcoin.Org. You can also explore the bitcoin wiki:

• don’t invest recklessly

• getting started

• FAQ / wiki

• resources

• common myths

• how to buy bitcoins worldwide

• bitcoin as a medium of exchange

• will I earn money by mining bitcoin?

• bitcoin as an investment

• storing bitcoins

• well-kept gardens die by pacifism

• A cypherpunk’s manifesto

Community guidelines

• do not use URL shortening services: always submit the real link.Bitcoin payments

• begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy.

• news articles that do not contain the word bitcoin are usually off-topic. This subreddit is not about general financial news.

• submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/cryptocurrency is a good place to discuss all cryptocurrencies.

• promotion of client software which attempts to alter the bitcoin protocol without overwhelming consensus is not permitted.

• no referral links in submissions.

• no compilations of free bitcoin sites.

• trades should usually not be advertised here.Bitcoin payments for example, submissions like buying 100 BTC or selling my computer for bitcoins do not belong here. /r/bitcoin is primarily for news and discussion.

• please avoid repetition — /r/bitcoin is a subreddit devoted to new information and discussion about bitcoin and its ecosystem. New merchants are welcome to announce their services for bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider reddit’s self-serve advertising system.

• do not post your bitcoin address unless someone explicitly asks you to.

• be aware that twitter, etc. Is full of impersonation.

Related communities

Sorted roughly by decreasing popularity.

• bitcoin beginners

• local bitcoin communities

bitcoin payments

• bitcoinmarkets

• bitcoinairdrops

• bitcoinmining

• bitcointaxes [ cryptotax]

• jobs4bitcoin

• girls gone bitcoin (NSFW)

• cryptomarkets

• bitmarket

• bitcoindiscussion

• bitcointechnology

• best of crypto

• [more]

Non-bitcoin communities

• technology

• economics

• crypto

• anarcho-capitalism

• cryptocurrency

• cryptoanarchy

• [more]

Join us on IRC

Chat.Freenode.Net #bitcoin other bitcoin sites

Bitcoin forum bitcoin google+ community bitcoin stack exchange bitcoin magazine download bitcoin core

Bitcoin core is the backbone of the bitcoin network. Almost all bitcoin wallets rely on bitcoin core in one way or another. If you have a fairly powerful computer that is almost always online, you can help the network by running bitcoin core. You can also use bitcoin core as a very secure bitcoin wallet.

• latest stable version: 0.15.1 (november 2017) [ bittorrent]

bitcoin payments

• release announcement

• you MUST verify the integrity of this software before running it.

Style sheet credits

The CSS used by this subreddit is the erdune theme modified by /u/annihilia and /u/konkedas. Logo design by /u/annihilia. Check out his other work here.

Ad campaign:

We previously collected donations to fund bitcoin advertising efforts, but we no longer accept donations. The funds already donated will be spent on some sort of advertising, as intended. As of now, 10.35799117 BTC was spent out of 22.51357574. If you have ideas for the remaining BTC, see here for more info.

Yes. For the consumer, it has more down- than upsides (assuming a consumer in a western country with access to regular banking):

• no consumer protection, transactions are irreversible

• can be cheaper for foreign currency transactions (paypal charges 2.5% over the mid-market rate), but consumer pays transaction and currency conversion fees (remember to also count fiat->bitcoin unless your employer directly pays you in bitcoin)

bitcoin payments

• some anonymity vs. Goverment/payment companies, but possibly less anonymity towards the public (due to public blockchain)

• you need to convert your fiat into bitcoin beforehand and hold bitcoin

• consumer is responsible for the security of their funds

• less convenient than a paypal account with password saved in the password manager even if you already hold coins

• depending on security used, comparable in convenience to credit cards if you already hold coins

Compare it with paypal, especially for small payments. I’m assuming the user is already signed up with paypal and a bitcoin exchange (sign-up is easier with paypal, AFAIK) and using the barely reasonable minimum of security (paypal password in browser password manager, bitcoins in mycelium without PIN – bitcoin suffers worse if we increase the security level):

bitcoin payments

• I click a paypal button on the humblebundle checkout page where I want to buy the bundle for $10.

• I click the login button (password manager)

• I confirm

• done. My account is not in USD, so I pay $10.25. PayPal takes the money from my bank account. If they take more than I agreed to – or really if I feel like it – I can tell my bank to return the money and paypal will have to sue me. If my account were in USD, I’d pay $10 – less than with bitcoin!

• if something goes wrong, paypal consumer protection may help me or tell me to get screwed, but it provides some leverage in any case and tends to side with the buyer.

Versus:

• I click the bitcoin button

• I take out my phone

• I scan the QR code

• I confirm

• done. Ignoring volatility, I have paid ~$10.05 including the exchange fee and the tx fee, assuming noone tacked some currency fee on top of it.Bitcoin payments but now I also have to replenish my bitcoin wallet manually at some point.

• if something goes wrong, I’m fucked – there is no consumer protection and I have zero leverage against the merchant.

Also compare with SEPA direct debit:

• I enter my address (this is usually offered by shops that ship physical goods, i.E. It’s not really an extra step)

• I trigger the shortcut that pastes my IBAN

• done. I’ve paid the exact amount with no fees.

• if something goes wrong, I can tell my bank within 8 weeks to reverse it, no questions asked (merchant has to sue me if they want their money).

• permalink

• embed

• save

• parent

• give gold