SolidSnake wrote on 12
th Dec, 2013 at 11:40am:
With the current pace BitCoin is gaining ground in more and more different markets over time do you think it will actually become a standard in the PTC industry?
I keep noticing more and more BitCoin PTCs popping up lately.. some even pay a bitcoin amount per click..
I think there are many advantages but also a couple of drawbacks in its introduction to the PTC world.
Basically I feel it will be a good option against PayPal's monopoly since there's no limiting of accounts, no bullying and every transaction is done among members in a public kind of way. Also it will be a nice option for India users that are not able to use most of the available payment processors.. I'm not aware of any policy against bitcoin..
Another good thing is that it is safe for PTC owners. However this could mean the creation of a new era of scamming.. since all transaction are final and there's no way of getting a forced refund or any buyer protection.
Also there is a somewhat difficult process to follow when creating the ability of using it (ewallets, encryption mechanisms and security modules)..
Nevertheless I think it's an interesting approach in making affiliate marketing more effective since the marketed audience gets potentially larger.. and users avoid frustrating banking delays and fees.
Yes, I do. This thing is following the same path that Egold followed only with some better safeguards (like not being a single group controlling it). It also reminds me a little of bit torrent in its nature only it deals in a legal product (whereas most of bit torrent doesn't). For those reasons alone I think the Inet community will start adopting it, especially those that have been burned by paypal. It will probably turn out to be the safest anti-paypal payment option out there once it gains ground.
Paypal was kind of like this in the beginning too. It took some time for it to gain traction. The main thing that is holding everything back is the volatility of the bitcoin exchange rates. once bigger players get into the market they will be able to offer more stable exchange rates. You might have to pay a premium but you'll pay a fixed price and you'll know you can get that price. Once that starts to happen more folks will flock to those exchanges and the price will start to settle into a more steady growth pattern
Until then, I think it will be a bit like the wild west