News for hackers. Stuff that matters.
Re:Namecheap now accepts Bitcoin with zero confirmations by jotm on Monday July 15, 2013 @05:57PM (#6048805)
Who actually uses bitcoins and what for? Last time I checked, I couldn't buy bitcoins with my Paypal account or credit card.

The only way I see it being useful is if I get paid for some hacking job or botnet (then spend the money on Namecheap domain and hosting :-)...

What am I missing?

Re:Namecheap now accepts Bitcoin with zero confirmations by drcode on Monday July 15, 2013 @06:08PM (#6048870)
Well, you can go to my bookstore cointagion.com and buy lots of ebooks :-)

But yes, for the most part bitcoin is still a solution looking for a problem. The three best candidates for large-scale future use are, in my opinion (1) sending money overseas for employees/family (2) store of value in countries with high inflation (3) some kind of business model, as yet undiscovered, involving "reverse micropayments" (by which I mean micropayments involving few buyers, many sellers)

Re:Namecheap now accepts Bitcoin with zero confirmations by sirsar on Monday July 15, 2013 @08:10PM (#6049318)
> I couldn't buy bitcoins with my Paypal account or credit card

I'm very interested in any irreversible asset you can buy anonymously with a reversible payment method. Seriously.

Re:Namecheap now accepts Bitcoin with zero confirmations by llamataboot on Tuesday July 16, 2013 @01:57AM (#6050228)
You used to be able to buy lindens via credit card and pay bitcoin via lindens, but I'm not sure if that has gotten harder to do
Re:Namecheap now accepts Bitcoin with zero confirmations by wmf on Monday July 15, 2013 @06:06PM (#6048858)
If you're a serious speculator then you can figure out how to buy BTC with an ACH or wire transfer. Also, I suspect a lot of miners are looking for ways to spend their BTC.
Re:Namecheap now accepts Bitcoin with zero confirmations by jotm on Monday July 15, 2013 @06:09PM (#6048872)
I just see that more and more people adopt bitcoin, that it's anonymous, distributed and secure, and it's been described as the next best thing since banknotes - I just can't see the usefulness...
Re:Namecheap now accepts Bitcoin with zero confirmations by yen223 on Tuesday July 16, 2013 @12:00AM (#6049950)
While most people want Bitcoin to replace the US dollar, I think that as a secure, decentralized payment method, it's more useful as an alternative to Paypal. Like everything else, it's usefulness is tied to the number of people who adopt it.
Re:Namecheap now accepts Bitcoin with zero confirmations by Amadou on Monday July 15, 2013 @06:37PM (#6048974)
Do you use cash in real life to avoid telling companies what you spend, where you spent and what you spent it on? If your answer is no, then you probably won't find much value in doing the same online with bitcoins.
Re:Namecheap now accepts Bitcoin with zero confirmations by jotm on Thursday July 18, 2013 @10:38AM (#6063899)
Nope... but I also never deposited the cash I earned under the table :-)
Re:Namecheap now accepts Bitcoin with zero confirmations by rbreve on Monday July 15, 2013 @07:02PM (#6049081)
you can buy bitcoins using coinbase.com or localbitcoins.com