Ask HN: Why Don't You Accept Bitcoin
If you would be happy to participate in my study you can book a time here for a 15-20 minute chat: https://alexmanusu.youcanbook.me/
If you would be happy to participate in my study you can book a time here for a 15-20 minute chat: https://alexmanusu.youcanbook.me/
In short, I don't accept bitcoin because it is pointless and most companies that do accept bitcoin do so for the PR value, not because it benefits their bottom line.
Two points though:
1. PR value does benefit your bottom line
2. Almost all serious web proxies accept Bitcoin. I believe they do this more for product reasons than PR reasons.
Which is to say your answer could be put more simply as "I don't think my customers would value my accepting Bitcoin as much as other features I could be adding."
So I'd be wasting my time. As for PR value, I'd rather get that from unique content or a the quality of the service than from promoting still relatively obscure payment methods because the press is 'hot' on anything bitcoin. Besides, when Apple or Amazon do it it is noteworthy, when camarades.com does it nobody will care.
1. Price volatility
2. Bitcoin is designed to be deflationary. Most people that buy Bitcoin are letting it sit there and hoping that their investment will go up rather than using it for purchases.
2. first of all, that's not true. More Bitcoins are created every day so it's inflationary, not deflationary. Secondly: that would be a good reason to accept Bitcoin. Who doesn't like getting paid in something that will appreciate in value?
2. Regulatory uncertainty
To some degree (2) causes (1). Both the threat of regulation and the lack of regulation cause volatility, and that issue not going to go away any time soon.