I suggest you ...

Bitcoin Payment Method

Bitcoin is a Peer to Peer digital currency with worldwide implications. Its value is changing rapidly just like oil did during its early days of adoption.

That aside, it is a new technology and is beginning to be widely used. One of the largest internet company's in China started accepting them, WordPress accepts them and many more are starting to accept them every day.

I don't want to see Digital Ocean lose out on this technology.

I suggest you take a good hard look in the adoption of this new payment system.

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    Travis R ClarkTravis R Clark shared this idea  ·   ·  Admin →
    Manthan M.Manthan M. shared a merged idea: Accept bitcoin. (Very Simple With Coinbase)  ·   · 

    23 comments

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      • William SutantoWilliam Sutanto commented  · 

        You will get ton of free advertising for just adding bitcoin as your payment system. Please take a look at bitpay.com. You don't need to hold the bitcoin if you are not confident with the value. For every payment you will get dollar into your bank account.

      • Anonymous commented  · 

        One can treat BitCoin (And LiteCoin etc) as cache paper money. One don't ask peopel where their money came from at the grocery stores.
        Paper money is worth only paer it is printed on as Coins are maid from metal Digital coins of Bits and Bytes.
        Every form of currency have value on the exchange market for goods and services.
        Since Digital Coins (BitCoin, LiteCoin XyCoin) are exchangable for Paper money, they can be used for payments and then changed into Paper money Bank account.
        Funny thing is BitCoins are MORE real then your bank account,
        Because Banks just put a number in their computer and call that - account. Banks never have enough cache for all their accounts or no cache at all.. (so Banks deal with Virtual money and with contracts).
        BitCoin,LiteCoin etc, are MORE real then money in the Bank (!),
        since you handle them like Cache, on YOUR computer and wallet and not in the Bank, where in Bank accounts, you get only "number" in return...

      • ElgsElgs commented  · 

        Why are bitcoins valuable? They are not even backed by any valuable matters. They just senselessly consume computation power and resources. I believe bitcoins will eventually disappear from the world.

      • SullySully commented  · 

        I agree, I just switched domain registrars to NameCheap.com because they execpt Bitcoin now.

        You will actually make more money on payments with very low to no transaction charges Bitcoin comes with. Plus the latest news is even the NBA Sacramento Kings now except Bitcoin. It's so easy to except payments with great gateways services such as BitPay and Coinbase that others have mentioned.

        One last note is being one of the first VPS providers to accept Bitcoin will really spread like wildfire in the close knit Bitcoin community so be ready for the load of new customers! Bye-bye AWS and Linode...

        http://online.wsj.com/news/articles/SB10001424052702304603704579323352532979922?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304603704579323352532979922.html

      • Anonymous commented  · 

        overstock.com added bitcoin payment method for purchase of products world-wide now. It's as easy and as secure as paypal implementation, 100% transparent for the business itself, you do not need to deal with bitcoins directly at all, since bitpay.com handles this for you just as easy as paypal handles it for you.

        overstock.com received over 110'000 USD in product-sales only 21 hours after the launch. And they received enormous amount of free coverage in news-media doing this. One would be foolish and short-sighted to pass on this opportunity.

        Here are some tweets and links:

        tweet from overstock.com CEO: "#Bitcoin's first full day on @overstock.com was a huge success: 840 orders, $130,000 in sales. Almost all new customers. #stunned" https://twitter.com/OverstockCEO/status/421754592427139072

        OVERSTOCK CEO: Amazon Will Be Forced To Start Accepting Bitcoin - Business Insider http://www.businessinsider.com/overstock-bitcoin-2014-1

        OVERSTOCK CEO: Here’s Why We’re Accepting #Bitcoin http://www.businessinsider.com/overstock-accepts-bitcoin-2014-1

        If this is not proof and information enough to convince you to add this, well then maybe you are already about to be a old dinosaur at the verge of going extinct on internet due to refusal of implementing new technology. Which may be looked upon as quite ironic, since this is supposed to be "bleeding edge cloud" services.

        Digitalocean seems to have great cloud services, but until bitcoin is added as payment method, I will not be using it for any large-scale hosting.

      • Jonathan TohJonathan Toh commented  · 

        I would suggest you to fix the Debit Card Fraud Issue first. Well, Topping up via Paypal only allow you to earn less with those transaction fees :)

      • ZeroZero commented  · 

        I'm deploying a web service with digitalocean and I will accept payents only in bitcoins, it would be nice if I could pay de hosting with it.

      • Manthan M.Manthan M. commented  · 

        It is actually very simple to do this with coinbase api. If you dont trust bitcoin, coinbase will allow you to sell the bitcoins immediately so you guys get cash. I think the first 5 million of transactions is free but i'm not sure about that. http://coinbase.com Thanks! :)

      • Kye Alan RussellKye Alan Russell commented  · 

        @Elgs no modern currency is backed by anything important.

      • Kye Alan RussellKye Alan Russell commented  · 

        I had a friend that took bitcoin payments for his VPS provider. It didn't work out well for him; now he goes through secondary screening whenever he enters the UK.

        Child porn is serious business.

      • Anonymous commented  · 

        Elgs: Do you have an imagination how much energy is used just to serve your normal online banking?

      • ChozoTheBozoChozoTheBozo commented  · 

        My bank account always has transaction problem, if digital ocean accepts bitcoin, it will be much simple to solve this problem. Yes ! DigitalOcean should use bitcoin for payment !

      • ChozoTheBozoChozoTheBozo commented  · 

        My bank account always has transaction problem, if digital ocean accepts bitcoin, it will be much simple to solve this problem. Yes ! DigitalOcean should use bitcoin for payment !

      • John DoeJohn Doe commented  · 

        https://coinbase.com/ seems to be not a bad payment process group. The Humble Indie Bundle group use them to accept BitCoin payments, making it no different that accepting PayPal etc (but obviously less evil).

      • ElgsElgs commented  · 

        Oil outputs energy, what does bitcoin do? Bitcoin consumes energy.

      • ElgsElgs commented  · 

        I don't trust bitcoin and I believe it will end up being a big lie. Because the so bit coins are generated by consuming computing resources senselessly and the coins are not backed by any valuable things. Correct me if I'm wrong.

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