On 01/09/13 18:04, Chris wrote: > The reason a business would utilize it is to automate the conversion > of bitcoins to a hard and/or more stable currency
Yes, I forgot about that. I should also note that some services I've used that accept Bitcoins make the BTC price slightly higher than the average trade rate to deal with this. I'm okay with paying slightly extra (e.g. a dollar or two) for, say, a $50 service. > I don't think there is any additional privacy advantage to the > customer unless we spat out a different address for each customer. > We might do that at a later date too. Unless the customer purchases the Bitcoins pseudonymously to start off with and then uses Tor to send those coins for payment, or purchases the Bitcoins not-so-anonymously and sets up different addresses, sending the Bitcoins using Tor to those addresses in a way that makes it seem like they are sending it to someone else. In other words, using Bitcoin pseudonymously without connecting your address to your identity is impractical, and so I would agree that Bitcoin doesn't add any privacy advantages by default. > Until today though we have only accepted bitcoins directly when > customers have requested it. Bitpay makes the process of purchasing > with bitcoins much easier in that the process is automated and users > can simply check out like they would had they been using a credit > card or paypal. I see, that makes sense. Also interesting that you accept Bitcoins directly in special cases. :-) Also, just to clarify, I don't object to the addition of BitPay. It is nice to see more ways of paying. But I probably won't use it myself. Andrew.
