Follow

Per popular request we're exploring alternative payment options. Let's assume we keep Paypal and ONLY add as an option, will you use Bitcoin for future purchases?

@PINE64 I don't see a point. 99.9% of people don't use bitcoin. Credit/debit cards might make more sense, as almost everyone has one, and you can always use a service like privacy.com to hide your transaction from your bank if your that worried about privacy.

@briana @PINE64
Not everyone lives in the US. Privacy.com doesn't work in my country.

Personally I'd like to see something like coinpayments.net implemented as payment gateway. Gives you bitcoin payments and at the same time ability to accept other crypto-currencies with almost no extra effort.

@briana @PINE64 99.9% of the population doesn't buy ARM laptops or a dev smartwatch to play with embedded Rust. There is a 16% on the poll that say they would use Bitcoin, so it shows that their customers and cryptocurrency users are way more closely related than you expected. Crypto is better money.. not everyone is able to have a bank account, credit card, or PayPal account. I can't have the later. There aren't institutional gatekeepers on Bitcoin. Download, install, use.

@askesis @PINE64 If there's no extra burden on the pine team, then go for it. But i think the reason they are doing this poll is because it would put quite a bit of extra workload on them, just as credit/debit card processing would.

@PINE64 Bitcoin Cash is a nice solution. Though I won't need to conceal my identity when purchasing on your website, so for me, in this scenario, any crypto is overkill

@yarmo @PINE64 I think the problem is its PayPal only. Which makes a lot of people frustrated. I'd use PayPal if I had to.. But almost any other option would definitely make it nicer.

@geekgonecrazy @PINE64 oh, it's PayPal only now? The only pine64 product I ever bought was the OG kickstarter (best kickstarter ever <3). Is a creditcard/debitcard method not a simple addition?

@yarmo @PINE64 yup I think only been PayPal on their website. I think they don’t want to mess with tax related stuff maybe? Idk I’ve Implemented enough payment processing this seems like no brainer to me as well

@geekgonecrazy @yarmo Direct card transactions aren't so easy when you have customers all around the world. Different payment systems in several regions that normally aren't compatible. We'd have to be using several different processors at the same time, which would be a nightmare for the sales team.

@PINE64 @yarmo I can see it being hard if using multiple. I’ve had great luck with stripe handling all. Maybe limit cards to certain regions you are comfortable handling? E-commerce is fun isn’t it? :)

@yarmo By allowing Bitcoin Cash payments, you can pretty much accept Bitcoin payments as well. More people have Bitcoin but Bitcoin Cash users are probably more likely to spend. @PINE64

@yarmo @PINE64 Problem is Bitcoin Cash isn't Bitcoin so you lose everyone who hasn't bothered with that.

@PINE64
Bitcoin is an environmental disaster. Maybe adding another payment method might help some people, but I don't think Bitcoin should be the solution.

@PINE64 payment by creditcard is available via paypal but only if you have a paypal account. If you don't, you are out of luck, so a different solution for credit card payment would be nice

@JayVii_de @PINE64 Yeah, I think making debit/credit card payment more accessible would be a good option.

@PINE64 Bitcoin is as inaccessible here as Paypal. Please use Amazon Payments or, even better, Shopify.

@moonspark @PINE64 Which country are you in? Here, PayPal is mostly inaccessible and nobody uses it for payment. Bitcoin is not so well known by normal people but not actually hard to obtain.

@moonspark @PINE64 how can bitcoin be "inaccessible"? That's technically not possible.

@PINE64 I'd rather have one of those mini loan providers as an option.

I'd prefer a mini loan to bitcoin as any kind of bitcoin is going to be $$$ and a tax nightmare in the USA

@PINE64 Like others have said, debit card would be a sensible option. Most PayPal users have one, but not necessarily the other way around.

@Jojonintendo @PINE64 depends where in the world you are. There is not a single 'debit card' network. That varies by country

@keverets @PINE64 Yeah, I've seen Pine's reply about that. I honestly had no idea how this works, and will keep happily using PayPal anyway.

@PINE64 I'd paid for my order in XLM (Stellar) or PayPal.

@PINE64 cryptocurrency has too high of an entrance barrier, as long as there is no standardized safe way of setting it up, it won't be an option for the majority of people. I'm pretty tech savvy, but it has been too deep a dive to be sure enough of what I'm doing to get into it, which makes it not an option for me. Preferably a more standard form of transaction please :)

@vancha @PINE64 there are PayPal users, and there are cryptocurrency users. They tend to be distinct, which seems like it's the goal.

Getting greater coverage for greater availability.

"Majority" doesn't really come into it (that's already "Paypal users")

@keverets @vancha @PINE64 Yup. PayPal is great, in certain countries, for certain people - where Visa is also great. Then there are countries where PayPal is not an option. Bitcoin is a great option for non-US countries paying to the US, etc.

@PINE64

Credit / debit card, or bank transfer (very used in Europe imho). If you really want to go with cryptocurrency, go with Stellar.

@PINE64 I am very concerned about the energy expenditures of Bitcoin. During the climate crisis we must conserve energy, and proof-of-work intentionally wastes energy as a fundamental design goal.

E-mail sometimes uses proof-of-work to defeat spam, and I still use e-mail. But I avoid using cryptocurrencies like Bitcoin or Ethereum that rely on proof-of-work or similarly wasteful algorithms. There must be better alternatives, like proof-of-stake or Filecoin's proof-of-storage.

@skyfaller the climate argument is kind of wrong. Regular banking also needs huge amounts of energy for all the servers, ATMs, …

@txt_file Fair point, but I suspect that Bitcoin would use significantly more energy than the traditional banking industry if it were as popular. The Bitcoin network uses a lot of energy for its size: bbc.com/news/technology-488532

Regardless, I think the relevant comparison here is between cryptocurrencies. If we are making the effort to switch to cryptocurrency, which has a personal and societal cost, it should be to something that is a clear win for the environment. Bitcoin ain't it.

@skyfaller @PINE64 Bitcoin doesn't waste energy so much as it uses waste energy that isn't being bought

@tomosaigon Citation needed.

Regardless, you could have used that energy to do something like Folding@Home and maybe cure a disease.

Or store it for later in a battery or some less obvious storage solution.

Or power a small country of actual humans, we're not talking about small amounts of power here. Build infrastructure to get it to where the people are.

If Bitcoin miners weren't using that energy, I find it difficult to believe that nobody would.

@skyfaller that's not true at all. You can't use Bitcoin mining hardware to run Folding@Home. That would require purchasing separate hardware and then paying for the electricity but who's going to pay? You?

@tomosaigon OK, so you're saying that because Bitcoin mining rigs already exist, they are the only way we can use the "spare" electricity they are currently using?

Even if we had to preserve every existing mining rig (why?), at the very least we could gradually phase them out as their specialized hardware wears out.

Alternately, I seem to remember Bitcoin mining causing GPU shortages. I bet I could make money selling GPUs to scientists, gamers etc. who need those GPUs.

@skyfaller Briefly: regarding your points on F@H, battery, powering a small country, nobody using the energy, GPU shortages - each point is flat out wrong.

@tomosaigon I don't know if there are GPU shortages right now, but there have been GPU shortages in the past:
vice.com/en_us/article/zmemza/
kotaku.com/the-great-graphics-

Is it unreasonable to believe that there would be GPU shortages again in the future if Bitcoin were to increase in popularity?

@tomosaigon OK, whoops, you've got me there, I didn't look very closely at the article I linked :) That is Ethereum.

Can we just insert here whatever specialized hardware Bitcoin miners like instead, or is their specialized hardware literally only useful for mining Bitcoin and no other productive activity?

@skyfaller Nowadays, you can mine Bitcoin with anything but you will be wasting money/electricity/time if you aren't using efficient specialized Bitcoin mining hardware. Literally designed to be really good at mining Bitcoin at the hardware level.

@tomosaigon Wow, I did not fully comprehend the situation. Some quick skimming supports your point, apparently modern Bitcoin mining rigs using ASICS are specialized for that specific hashing algorithm and can't even be used for other cryptocurrencies? That's wild!

I will admit that means breaking down Bitcoin rigs for other purposes probably won't work, but I think my point stands that we could at least phase them out and stop making more of the things.

@skyfaller The thing is, there's no 'we' who governs the policy of what to do with such hardware. As long as it makes more sense to efficiently mine bitcoin, market participants will find a way, and better hardware will get designed, more sources of untapped electricity will be produced.

@tomosaigon Fair point.

I would expect people like myself and Pine64 failing to adopt Bitcoin would limit demand and therefore the market price, de-incentivizing increased Bitcoin production. Which I think would be wise!

But the price of Bitcoin fluctuates weirdly enough that perhaps ordinary market considerations don't matter. A whale could negate anything you or I or a small country might do: mashable.com/article/bitcoin-1

Also, during a pandemic, maybe gov'ts should fund e.g. Folding@Home.

@skyfaller You think you can store a dam's worth of energy in a battery? I'll stop here.

@tomosaigon I suggested multiple things you could do with spare electricity because you can do multiple things with a dam's worth of electricity, you don't have to choose only one. You could store some electricity, export some, and use some.

If you're trying to balance out inconsistent energy sources like wind or solar, storing a lot consistent energy e.g. from a dam seems like a decent plan.

@skyfaller you are wishing for energy storage technology that doesn't exist at any sort of usable price for this scale

@tomosaigon You're right that current battery technology is expensive and difficult to scale. That said, energy storage is something we'll have to figure out if civilization relies more heavily on renewables, and it's certainly something you'd expect to see investment in with any Green New Deal. I feel confident storage will improve.

My personal favorite concept is Energy Vault, which stores energy by lifting heavy blocks. It just looks cool: energyvault.com/

@skyfaller These kinetic storage towers do look cool. Molten salt storage is another neat concept.

Our civilization will need to make large improvements on not only energy storage but production and distribution. Right now, much of that energy goes to waste bringing it to where it's needed, or being stored inefficiently until it can be distributed.

@PINE64

I don't use Bitcoin at the moment but with more and more places I buy from supporting it I just may have to start.

@PINE64 Considering Paypal shares your personal information with over 600 companies, I would use ANY other means of payment regardless of any difficulties with crypto conversion.

@PINE64 do you accept vbucks and minecoins or robux though amateur HA

@PINE64 use stripe to handle payments from other currencies

@PINE64 I'd like it if you had a European bank account, then I could transfer money for free, in comparinson to extensive "oversees" charges when transferring the money to Hong Kong directly.

Sign in to participate in the conversation
Fosstodon

Fosstodon is an English speaking Mastodon instance that is open to anyone who is interested in technology; particularly free & open source software.