Earlier this year we surveyed our users about how we could improve Handset Detection. But perhaps we forgot the million-coin question:
Should Handset Detection accept BitCoins?
Is there a demand out there from our users? Are many of you busily mining and trading BitCoins? Is so, why? If not, why not?
From what we can see, BitCoin has distinct advantages:
- Anonymity – No banks or overzealous payments processors are involved, meaning you could join the ranks of our free plan customers using Handset Detection as anonymously as you please.
- Lower Fees – With no banks involved transaction fees are lower and there’s no chance of a chargeback. On the other hand, this doesn’t affect our end user. A large segment of our users would have to start paying with BitCoins for us to see a significant difference in payment processing fees.
- BitCoins Know No Boundaries – No currency exchanges, no regulation. On the other hand, BitCoin values have fluctuated heavily throughout the currency’s rather short life.
On the other hand, nasty DDOS attacks, fluctuations, the shut down of at least one major exchange, and few mainstream places to spend BitCoins (for now) are disadvantages. Of course, if companies like Handset Detection – admittedly not Starbucks – begin accepting BitCoins will the snowflake turn into a snowball?
Or perhaps the reason we should accept BitCoins are this, so elegantly enumerated by John Biggs in his TechCrunch article:
“The world needs BitCoins to exist, even if the mass of humanity doesn’t use it. The goal of the currency is to disassociate the old methods of money transfer and to allow people true freedom in their ability to transmit value from one person to the next. A poor grandmother in the home village could receive money quickly and easily from the grandchildren without resorting to fees and trips to Western Union. Those on the move could hold their money in an account that is as liquid as quicksilver, allowing them to perform fee-free transactions anywhere. Refugees would no longer have to carry gold and instead could carry bitcoin. The utopian possibilities are, in a sense, endless.”
Image via BitCoin on Twitter