WordPress begins to accept Bitcoins as a currency

Buying and selling online can be divisive, with some people unwilling to part with real money and some countries even disallowing services such as PayPal. Bitcoins are a unique currency, existing purely online, and WordPress intends to honor their use. As part of their mission to "make publishing democratic", as Andy Skelton puts it, Bitcoins are now to be accepted.

Paying for upgrades on WordPress is a real thing and for some of the site's premier bloggers it can make sense. More than 60 countries don't work with PayPal - Argentina, for example, isn't fond of American dollars, meaning there are some potential customers going amiss.

Bitcoin is how WordPress wants to help bloggers from all over the world get themselves further into the digital world of self-publishing. It isn't an entirely flawless method of payment, for refunds aren't possible using Bitcoins, but WordPress says that they will still honor any refund requests, returning cash in Bitcoins.

Spending Bitcoins isn't a problem, but getting them is more difficult. Therefore, they have explained how to get your hands on the virtual currency by linking to We Use Coins. Coincidentally, The Verge's Adrianne Jeffries published a piece today about certain points of Bitcoin as a currency, which may be of interest.

Source: WordPress official blog

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Bit coin is the currency of the future because it doesn't not need backing of any government. Hacking bitcoin banks akin to robbing banks, so do you stop using US dollar because people rob banks?

I guess I never really understood how it worked the first time I looked at it. Seemed you'd run your computer for an eternity and not really get anything.

technikal said,
I guess I never really understood how it worked the first time I looked at it. Seemed you'd run your computer for an eternity and not really get anything.

I ran some EXE file for a while to generate coins and I got hundreds of dollars from people that wanted them. Seems like *I* certainly got something out of it.

Xenomorph said,

I ran some EXE file for a while to generate coins and I got hundreds of dollars from people that wanted them. Seems like *I* certainly got something out of it.

When was this though? Seems these days you need to be running some sort of distributed or epic gaming rig with dozens of graphics cards to get anywhere. Unless I'm not following right.

technikal said,

When was this though? Seems these days you need to be running some sort of distributed or epic gaming rig with dozens of graphics cards to get anywhere. Unless I'm not following right.

You'll either go the CPU way or GPU way. Anyway you'll earn a $400 GPU back in about 8 months and the card will be fried. LOL!

alwaysonacoffebreak said,

You'll either go the CPU way or GPU way. Anyway you'll earn a $400 GPU back in about 8 months and the card will be fried. LOL!

not any more, the algorithm gets harder and harder to solve

I don't remember good press about Bitcoins. Anyone know anything more about them from personal experience?