Bitcoins as Payment Method.

Discussion in 'Feedback' started by Support, Jan 25, 2012.

  1. Support

    Support Level 1 Support Staff Member

    Would anyone be interested in paying for their radio with Bitcoins ?

    If you havent heard of them there is some more info here : What is Bitcoin? - We Use Coins

    [video=youtube;Um63OQz3bjo]http://www.youtube.com/watch?v=Um63OQz3bjo[/video]

    We are interested to know if anyone would like to use Bitcoins as an alternative to Paypal or Google Checkout.
     
  2. sojic

    sojic Member

    In near feature we hope we will be able to pay with bitcoin.
     
  3. Support

    Support Level 1 Support Staff Member

    Cool 8)

    If anyone would like to make payment with bitcoins (PAYG servers only) contact us and we will provide you with a bitcoin address to make payment. It will be done manually for the moment but if it proves popular we will automate the process.
     
  4. fringradio

    fringradio New Member

    I really don't get how this works. Looks good but other than that Im at a loss to it, :D
     
  5. Support

    Support Level 1 Support Staff Member

    Its difficult to explain and it did take us a bit of research before we understood enough so you're not the only one ;) The more we understood though the more we like the idea of Bitcoins. The parts about anonymity, speed, VERY low transaction fees and limited supply appealed to us. It could be very big in the future if it really takes off.

    Essentially to get started you need to buy some bitcoins. This can be done by simple bank transfer at an exchange like this one (for the uk) : https://mtgox.com/ or http://blockchain.info/

    Once you have some bitcoins and want to pay for bandwidth with them contact us and we will provide you with an address to send them to. Once received (very quick) Very much a manual process at the moment though. We will automate it if/when it becomes popular.
     
  6. [video=youtube_share;2nDTBN_cPs0]http://youtu.be/2nDTBN_cPs0[/video]

    The concept of bit coin sounds great, until I see this kind of stuff for the mining. It makes me.....uneasy.
     
  7. Support

    Support Level 1 Support Staff Member

    Impressive rig! How come the mining makes you feel uneasy ? You don't need to mine to get or use bitcoins. You can get them in exchange for USD/GBP/EUR at https://mtgox.com.
     
  8. Support

    Support Level 1 Support Staff Member

    Is anyone interested in trying our beta Bitcoin payment method ?

    Let us know and we will look at enabling this on your account.
     
  9. General Lighting

    General Lighting Super Moderator Staff Member

    I can see both side of this TBH.

    Bitcoins are attractive to a small business like this due to the low transaction fees - but to the end user who wants to create a radio programme rather than become an ICT tech for finance (like me whose career path took me in exactly that direction!) its as labour intensive as paying your fees in any other foreign currency! OK maybe no worse or risky than online banking but still extra effort.

    Some (not all) bitcoin mining is done using stolen resources and - the same greed fuelled tactics the conventional banking industry is berated for. however its becoming more resource intensive. but anyway if I had that many "spare" graphics cards (which you would have to purchase for conventional dosh anyway) to play with I'd use them to make cool pictures with instead :rofl:

    As for anonymity, if you are making a sound broadcast then unless listeners are hidden in darkened mud huts using headphones its going to be heard by the "enemy" at some point and they will use conventional detection techniques to trace it. Detailed discussions of politics and sigint (two very complex subjects) are outside the scope of this forum but if there is anyone reading who wants to use sound broadcasting to put a dissenting political view in a "non western" country - my view is they would be no less unsafe and more effective doing it the "old style" way as a pirate broadcaster on analogue MF, HF or Band II (FM) radio frequencies!

    Equipment to do this can be picked up using national currency for cash no questions asked or scavenged from other scrap electronic items (i.e comms kit for transport and public services) the target listeners need only a normal analogue radio to pick up the broadcast. not all poor dissidents are going to be able to afford computers or broadband or might need them for work and not want to risk them being confiscated, whereas an analogue radio can be obtained for €1-€5 nowadays and doesn't store incriminating data...

    Also they can't be traced and identified (whereas because of the way internet radio works listeners are not anonymous) its how you get your pretty picture with a flag and sometimes a google map on centovacast.

    Ironically these days most nations Communications Ministries (even "liberal" ones) have loads of young, enthusiastic staff devoted to monitoring and regulating the Internet (working with the civillian, military and covert security forces) and the net in many nations is designed to facilitate this monitoring, whilst the numbers of specialist staff who can trace an analogue pirate broadcaster are dwindling (especially outside city areas or where there are aerodromes and seaports where interference is a safety issue). The equipment they require is specialist and expensive too!

    In the case of an analogue station run by rebels in one country, it would be feasible (barring jamming by the incumbent authorities) for sympathetic refugees in a neighbouring nation within reception range to pick it up off air and then retransmit it via an internet radio server to the refugees in further away nations. It may then be understandable the refugee community would want a bit of privacy to avoid reprisals.

    Maybe bitcoin would work for this, at least in the short to medium term.

    in the future though a wider issue is how much "controversial" content businesses running servers would want to host as stuff like tactical purchasing/product boycotts as acvitism works both ways in a free market economy, and increasingly the Communications Ministries will start keeping an ear out for what is heard online..
     
    Last edited: Sep 22, 2012
  10. sojic

    sojic Member

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