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lyno · 08-31-2014, 05:45 AM

If you want to buy coins for $ you have to send those $ to a exchange first, and that is all your bank statement will show. Your bank (or somebody else) will not know if you used those $ to buy Meows, Lemurs, Mileys or Sexcoin.

Coinpayments provide handling of SXC payments, but no realtime exchange. Thinking about it, if you set your Coinpayments wallet to instant payout to your cryptsy wallet and set that to auto sale it would be a more or less instant conversion to $.

User base: That is the major problem. I have read that there are only a few 100k BTC users world wide, for alt coins it might be only a few k, maybe a few 10k. But that whole scene is not much older than a year now, and the growth rate is immense. Most alt coins are much more suitable as currency (at least for micro payments) than Bitcoin anyway. Whenever I rent some hashpower or VPS I use LTC or Dogie. On a funny aside: Some of those companies already list CC payment as ?alternative? payment method

If somebody with own content, especially at niches that Banksters frown (sleepy, tentacles, drunk) wants to try a own mini paysite without the need to invest money and paying fees, I have written a little membership management script that works with coinpayments. But be warned: My PHP knowledge is only basic and so is the script. The good thing is that it works and the requirements are minimal. Since the members database is txt based there even is no need for MySQL. Although the script is configured for SXC, it is easy to change the base to $ and to accept any coin Coinpayments supports. Just consider to accept / promote SXC please

Script is here:
http://www.sexcoinforum.org/index.php?topic=610.30

I use it on two sites:

http://www.xxxeno.com
http://www.dickgirlporn.com

So far I get a signup per month or two and that is about what I had expected. The cut set of people holding coins, are interested in my stuff and knowing about my sites (at the moment I get about 100 visitors per day) is rather small so a sale or two per month is not bad at all. A strange thing is that I mostly got ?manual? signups (people sending me a email and I send them a payment address). I still decided to remove that manual payment option, to much hassle.

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08-31-2014, 05:45 AM
lyno Confirmed User Industry Role: Join Date: May 2003 Location: On my way to Sirius1 Posts: 474	If you want to buy coins for $ you have to send those $ to a exchange first, and that is all your bank statement will show. Your bank (or somebody else) will not know if you used those $ to buy Meows, Lemurs, Mileys or Sexcoin. Coinpayments provide handling of SXC payments, but no realtime exchange. Thinking about it, if you set your Coinpayments wallet to instant payout to your cryptsy wallet and set that to auto sale it would be a more or less instant conversion to $. User base: That is the major problem. I have read that there are only a few 100k BTC users world wide, for alt coins it might be only a few k, maybe a few 10k. But that whole scene is not much older than a year now, and the growth rate is immense. Most alt coins are much more suitable as currency (at least for micro payments) than Bitcoin anyway. Whenever I rent some hashpower or VPS I use LTC or Dogie. On a funny aside: Some of those companies already list CC payment as ?alternative? payment method If somebody with own content, especially at niches that Banksters frown (sleepy, tentacles, drunk) wants to try a own mini paysite without the need to invest money and paying fees, I have written a little membership management script that works with coinpayments. But be warned: My PHP knowledge is only basic and so is the script. The good thing is that it works and the requirements are minimal. Since the members database is txt based there even is no need for MySQL. Although the script is configured for SXC, it is easy to change the base to $ and to accept any coin Coinpayments supports. Just consider to accept / promote SXC please Script is here: http://www.sexcoinforum.org/index.php?topic=610.30 I use it on two sites: http://www.xxxeno.com http://www.dickgirlporn.com So far I get a signup per month or two and that is about what I had expected. The cut set of people holding coins, are interested in my stuff and knowing about my sites (at the moment I get about 100 visitors per day) is rather small so a sale or two per month is not bad at all. A strange thing is that I mostly got ?manual? signups (people sending me a email and I send them a payment address). I still decided to remove that manual payment option, to much hassle. .