Quote from: Kakmakr on December 07, 2017, 05:50:35 AM

Why would you want to stop accepting bitcoins? The volatility should not influence you at all, because most merchants use payment processors and their bitcoin is converted to fiat, as it is received. If you configured your arrangement with the payment processor to retain a percentage of bitcoins, then the spike in the price will benefit you.

Everyone has a selling point, so there will be a constant supply of new coins into circulation. ^smile^

We don't accept Bitcoin, we send payments to users in Bitcoin.
And with our Ripple Faucet seeing the BTC/XRP price going up it's only going to help us buy more for less because we get paid in BTC for parts of our ads.

The issue neither is not about our use of Bitcoin but about sending it to users.
Currently paying a user $1.00 costs us $1.00 or more in fees, Bitcoin has stopped being a friendly mechanism for small payments (other altcoins solve this problem).

We also don't use any processor, we use our own BTC wallet to pay members, we could pay the BTC to their FaucetHub account but that forces them to rely on a 3rd party - is this a feasible solution? Perhaps. But that creates one of the biggest and major problems that ever created in the world, and history would just repeat itself once again!

What's troubling us with Bitcoin?
When an asset goes up in value in such a short time, in less than 2 weeks you had it moving from $9,000 to $15,000 - that's not normal, and that spike is not something all businesses can deal with ...

It's like an importer/exporter, the exporter sends the goods and wants to get paid in BTC, the importer gets an invoice in BTC that was worth $10,000 yesterday and today it's $15,000 ... ! What's gonna happen? Would the 2 parties be able to work it out?!

If Bitcoin is going to fly fly fly ... to the moon ... then expect more and more businesses to drop it and stop using it.

If it's going to be stable like Ripple, where its price is steady and doesn't change every Sunday or Wednesday by 100% then it might be something businesses could work with ... and the more "free" it becomes the more shaky it's going to be, it's very shaky as it is now.