discuss No bitcoin on Namejet, Drop catch, Snapnames

[Charley]

Bitcoin is a universally accepted payment. Why doesn't namejet, snap names and drop catch integrate it.

It will generate more business and revenue for them.

 

[Manojnames]

It will take some time .

 

[Kuffy]

Bitcoin is a universally accepted payment. Why doesn't namejet, snap names and drop catch integrate it.

It will generate more business and revenue for them.

It's one of the reasons I was attracted to Name Silo, but since I've been using them, I've started to really like their whole setup.

 

[gorilla_bob]

Good news guys!

Pheenix accepts bitcoins.

Bob

 

[Charley]

Good news guys!

Pheenix accepts bitcoins.

Bob

Yes, I use it.

But they can't catch names which other 3 get.

 

[Charley]

It will take some time .

Why?

They have all other payment modes except this one.

 

[Charley]

It's one of the reasons I was attracted to Name Silo, but since I've been using them, I've started to really like their whole setup.

Do they catch expired names?

 

[ScottPruitt]

NameJet recently added new alternative payment methods in the form of AliPay and PayPal. At this time we have no immediate plans to add bitcoin, but we will continue to evaluate alternative payment methods based on the needs of our customers.

 

[Charley]

Scott, will bitcoin be added as a payment mode presently?

 

[ScottPruitt]

Hello Charley, Bitcoin payment will not be accepted on NameJet in the immediate future. We are still considering it and if we decide to go forward, we will make an announcement about it. Thanks for your interest, we appreciate your suggestions for improving the NameJet platform.

 

[tupungato]

Bitcoin is not a universally accepted payment. It's a novelty payment accepted by some places.

Incredible volatility of value is not good for business. For the same reason Venezuelan and Zimbabwean money is not accepted either.

 

[Kuffy]

Bitcoin is not a universally accepted payment. It's a novelty payment accepted by some places.
.

Bitcoin is a globally accepted payent method, but some may distrust crypto-currencies and prefer other forms of payment. The US dollar is a local currency that is not accepted globally. I don't accept it for example.

 

[urlurl]

considering more companies are dropping bitcoin as a payment option - it is unlikely it will be picked up by others.

its slow and the fee's are too high = useless

 

[Kuffy]

Well PayPal takes 6 months to confirm a payment - that's slow. Cheques is far slower than Bitcoin.
Fees are set by the sender, if you think the suggested fee is too high, then just set a lower fee. Often payments are clearing in a day or so with fees of under $1. Fees are even lower if you batch transactions.

 

[bmugford]

Bitcoin is certainly not universally accepted. Hardly any major retailers accept it for a number of reasons. Several companies that did accept it have dumped it recently.

To start with it is far too volatile. Second the transactions are either fast and expensive, or slow and less expensive. Either way it does not work.

Also, with a slower transaction the price of bitcoin could have moved a lot by the time it is executed.

At this point Bitcoin's technical limitations make using it as a payment method impractical for most companies.

Brad

 

[Kuffy]

I didn't say it was universally accepted, I said globally accepted. You have more chance of finding a shop in England that will accept Bitcoin, than will accept the US dollar or even the Euro. This ignores services that will exchange currencies of course.

The volatility of Bitcoin is not really an issue if you see it as a store of wealth, and acquire it as a long term holding. As always, it is nice to give the seller a range of options, and several registrars include Bitcoin as an option.

 

[bmugford]

I didn't say it was universally accepted, I said globally accepted. You have more chance of finding a shop in England that will accept Bitcoin, than will accept the US dollar or even the Euro. This ignores services that will exchange currencies of course.

The volatility of Bitcoin is not really an issue if you see it as a store of wealth, and acquire it as a long term holding. As always, it is nice to give the seller a range of options, and several registrars include Bitcoin as an option.

No, the OP said it is universally accepted. Which is certainly not true.

At this point it is probably too costly to implement for most companies with the payoff being a tiny % of transactions using it. Also, what about the hundreds of other crypto out there?

Bitcoin might be a store of wealth, but it is certainly less practical to use as a payment method than actual currency.

Brad

 

[Grilled]

If NameJet can't efficiently monitor shill bidding, what would give anyone the confidence that NJ could deploy bitcoin as an accepted payment? ie some have called the technology at NameJet archaic...

For years, NameJet has accepted a culture of allowing owners to bid on their own domains. It seemed that some users were bidding on their own domains just to track their auctions. When shill bidding allegations broke out last year, some cited NJ's archaic technology to seemingly defer the intent of bidding on your own NJ auction. It would appear NJ developers have their hands full trying to develop techniques to combat their rampant shill bidding problem, rather than branch out to allow a form of anonymous payment.

Nothing against BTC, I just think NameJet has harvested a culture of questionable behavior (possibly due to their archaic tech) and accepting BTC could be like throwing gas on the flames... Not just with shill bidding, but with stolen domains. There have been reports of stolen domains being sold at NameJet. If the seller was paid in BTC, it would be a lot tougher to track, and as such, this form of payment could further ignite criminal activity.

we appreciate your suggestions for improving the NameJet platform.

Hey @ScottPruitt -- I'm surprised NameJet still has a NamePros presence. Are you aware of this thread?

https://www.namepros.com/threads/bidding-on-your-own-names-at-namejet.1030874/

There are currently 64 pages of feedback.

My suggestion is that NameJet audits their past auctions, and issues refunds to everybody that was shilled up.

Does NameJet really think the problem will go away if they just sweep it under the rug?

 

[creataweb]

If NameJet can't efficiently monitor shill bidding, what would give anyone the confidence that NJ could deploy bitcoin as an accepted payment? ie some have called the technology at NameJet archaic...

For years, NameJet has accepted a culture of allowing owners to bid on their own domains. It seemed that some users were bidding on their own domains just to track their auctions. When shill bidding allegations broke out last year, some cited NJ's archaic technology to seemingly defer the intent of bidding on your own NJ auction. It would appear NJ developers have their hands full trying to develop techniques to combat their rampant shill bidding problem, rather than branch out to allow a form of anonymous payment.

Nothing against BTC, I just think NameJet has harvested a culture of questionable behavior (possibly due to their archaic tech) and accepting BTC could be like throwing gas on the flames... Not just with shill bidding, but with stolen domains. There have been reports of stolen domains being sold at NameJet. If the seller was paid in BTC, it would be a lot tougher to track, and as such, this form of payment could further ignite criminal activity.



Hey @ScottPruitt -- I'm surprised NameJet still has a NamePros presence. Are you aware of this thread?

https://www.namepros.com/threads/bidding-on-your-own-names-at-namejet.1030874/

There are currently 64 pages of feedback.

My suggestion is that NameJet audits their past auctions, and issues refunds to everybody that was shilled up.

Does NameJet really think the problem will go away if they just sweep it under the rug?

Lol. ^


So to recap the thread - who takes BTC ?

 

[Grilled]

So to recap the thread - who takes BTC ?

I think:

Namesilo.com @namesilo

https://www.namesilo.com/Support/Marketplace

Undeveloped.com @Undeveloped

We actually already accept Bitcoin and pay out sellers with Bitcoin when requested. It's not an official feature we promote but do offer.

Pheenix.com @gorilla_bob

Good news guys!
Pheenix accepts bitcoins.
Bob

BrandBucket @margotb
https://domainnamewire.com/2017/12/29/brandbucket-adds-bitcoin-support-pitches-domains-crypto-fans/

BrandRoot @Brandroot
https://www.brandroot.com/resources/item/26-buy-with-confidence-brandroot-is-now-accepting-bitcoins

Epik @robepik @Slanted
https://www.epik.com/about/pressreleases/

NameCheap
https://www.namecheap.com/support/payment/bitcoin.aspx

Some lesser known entities that advertise they accept bitcoin payment for domains:

https://www.alpnames.com

https://wiki.gandi.net/en/billing/means/bitcoin

https://www.domains4bitcoins.com/

https://steadyturtle.com/payment-options.php

https://www.goip.com/offshore-domain-registration.php

https://www.web4africa.net/buy-web-hosting-domains-pay-with-bitcoin/

https://fusion.easydns.com/Knowledgebase/Article/View/287/70/bitcoin-payments

https://subreg.cz/en/support/ceny-a-platby/

http://internetbs.net/blog/2014/11/05/internet-bs-now-accepting-bitcoin/

https://www.orangewebsite.com/

http://yohost.org/

https://flokinet.is/en/

https://www.anonymousspeech.com/anonymous_payment.aspx

https://www.trilightzone.org/services.html

http://mediaon.com/About-Us.php