Does OCUK have any plans to start accepting crypto payments?

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Rainmaker said:
Monero is the answer. Fully fungible, fully private (7 fake transactions and 1 real fully anonymous transaction per purchase, and no public ledger unlike BTC), stableish (around the same price give or take over months and years, no big highs and lows like BTC), and best of all the fees are in the fractions of a single cent. BTC fees are a joke. It's also low power and CPU based, impossible to run on ASIC, and is not GPU based; so big multi-KW render farms have no impact on mining success, and thus don't exist.
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100% - although transaction times can be a bit slow, so there's room for improvement there.

BTC isn't for daily transactions, that's a common misconception from people who very clearly don't understand it.
 
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Rainmaker said:
and best of all the fees are in the fractions of a single cent. BTC fees are a joke
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Isn't that because hardly anyone uses it though? If it became as popular as Bitcoin then either the fees would go up or the blockchain becomes so large that it can no longer be decentralized.

Rainmaker said:
no big highs and lows like BTC
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That's simply not true.
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Werewolf said:
Erm this isn't the thread to evangelise about specific crypto currencies.
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Fair dos. TBF the whole thread is 'Does OcUK accept crypto?'... 'Not anymore'... then discussion of the upsides and downsides. It seemed a pretty organic part of the discussion to me. Retailer costs (in this case transaction fees) is a fundamental consideration for whether or not a business will sustainably be able to accept a particular coin. Point taken, I'm out.
 
What would be the transaction costs of taking bitcoin as payment?

Say a 1000 quid gfx card

Can someone crypto list them all from buyer to seller. I assume there would be a chunky extra cost for all the faffing.

I know it's dead topic I just don't wanna start a new question somewhere


I see a car dealer selling older models in BTC and they are 3 to 4 times the cost in Euros. That's insane.
 
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Efour said:
What would be the transaction costs of taking bitcoin as payment?

Say a 1000 quid gfx card

Can someone crypto list them all from buyer to seller. I assume there would be a chunky extra cost for all the faffing.

I know it's dead topic I just don't wanna start a new question somewhere


I see a car dealer selling older models in BTC and they are 3 to 4 times the cost in Euros. That's insane.
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The transaction cost is between $1 and $2 regardless of the amount.
 
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