On: Namecheap now officially accepts Bitcoin

[bmiranda]

The price of Bitcoin is currently hovering around 37 USD. I remember when Bitcoin was $2.00 after the first crash, I never expected it to rebound so quickly. Announcements such as Namecheap's lend credence to the current price, but I would not be surprised if a correction brought Bitcoin below $30.

Regardless, I am excited that there are more places to spend Bitcoin each and every day.

[dmix → bmiranda]

Well I don't think any average person is really keeping large amounts of money in bitcoin.

It has mostly a transactional since the use cases are so niche.

[disintermediate → dmix]

>use cases are so niche

This is a first-world misperception. There is half a world excluded from traditional payment methods.

[wmf → disintermediate]

Is Bitcoin a realistic option for those people?

[dublinben → wmf]

Maybe for low-fee international money orders. Certainly not for everyday transactions away from the internet.

[disintermediate → wmf]

Not yet. Five years I'd guess.

[snitko → dmix]

That's actually not true. One of the reasons price is high is because people right now are hoarding.

[n3rdy → snitko]

The reward for block discovery also halved quite recently from 50 bitcoins to 25 bitcoins.