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by spangry 3437 days ago
Why not Bitpay? I'm not associated with them, and have never been on the merchant side of the transaction, but it seems like a 'safe' bitcoin option. And based on my quick read of their merchant TOS[0] bitpay shouldn't (in theory) have an issue with the nature of FetLife's business.

As an aside, it's fun to watch a bunch of old, technically-illiterate and conservative financiers unknowingly sow yet another little seed of their own destruction. I guess being at the top of the heap can make one feel invulnerable...

[0] https://bitpay.com/about/terms#merchant

1 comments

They did try Coinbase before and said that it accounted for less than 0.1% of their transaction volume. People just don't use BitCoin enough. I imagine if it was a higher percentage, you could make the case that switching to BTC-only would drive it higher, but at such minimal numbers, staking your entire business on it seems like a bad risk.