by trevordev on 9/23/14, 7:10 PM
BitPay sponsored angel-hack Seattle that I participated in this summer. Their developer api was horrible and poorly documented wasting everyone time. I was in one of the few groups that got it to work. When asking when we would find out who won the 5 bitcoin prize for best use of it we were told to contact bitpay. I contacted them multiple times and support told me to to contact their CEO who ended up not responding to my emails. I will not use bitpay in the future.
by andrewljohnson on 9/23/14, 6:26 PM
by rcraft on 9/23/14, 6:55 PM
Is paypal just ignoring the IRS' recent guidelines that bitcoin is treated as property?
From http://www.bloomberg.com/news/2014-03-25/bitcoin-is-property...:
Today’s IRS guidance will provide certainty for Bitcoin investors, along with income-tax liability that wasn’t specified before. Purchasing a $2 cup of coffee with Bitcoins bought for $1 would trigger $1 in capital gains for the coffee drinker and $2 of gross income for the coffee shop.
“It’s challenging if you have to think about capital gains before you buy a cup of coffee,” he said.
by canvia on 9/23/14, 6:44 PM
by highercenter on 9/23/14, 8:03 PM
More choices in how people create value, share it, buy, sell and trade it – that’s exactly what PayPal is all about,” said Scott Ellison, Senior Director, Strategy, PayPal.
That's amazing! And me thinking PayPal was all about our money!
by appleflaxen on 9/24/14, 1:18 AM
Nothing could make me less interested in BitPay. PayPal is just such a negative connotation in my mind that it turns me off of a business partner just to know they are collaborating.
by earthmeLon on 9/24/14, 4:18 PM
Hmmmm... I thought that a large reason many people helped develop bitcoin and it's community was to thwart Paypal, its highly-politically-motivated nature, and others like it.
by ssteinb on 9/23/14, 9:34 PM
Paypal is going to acquire the shit out of them. Calling it now.
by Everhusk on 9/23/14, 6:31 PM
This is really big news for bitcoin, BTC-e is taking off.
by jtwebman on 9/24/14, 6:32 AM
What do you guys think of Coinbase? Is it a good replacement for BitPay? Sorry I am new to this are but wanted to start accepting Bitcoins
by SuddsMcDuff on 9/23/14, 7:49 PM
Looks like winkdex.com has gone down under the load