pay via Bitcoin for xenforo license

[CarlNa]

Dear Xenforo Team,

is there still no way to pay a xenforo license via Bitcoin?
Are there any plans to do this?
There are plenty of easy to use solutions, some (like bitpay) have also a "never-touch-crypto" solution for accountants which do not want to deal with crypto at all.

I love to use xenforo. And I also want to buy licenses and do not want to use any nulled download.

Hope you guys change that in future.
Crypto is a must for software and license ecommerce.

All the best
Carl

 

[smallwheels]

Man, their sales page for businesses just disproves nearly everything you said.

What part of

It is a business decision. If offering payment in crypto would rise sales considerably w/o relevant additional risks tied to it and the gain though additions sales is relevantly higher than the cost it could be worth thinking about it. I do have my doubts that this is the case.

did you not get?

Quoting an advertizing sales pitch from a crypto payment company is hardly a serious or honest let alone neutral argument in a discussion about crypto payments. If it is all so shiny: Why do barely any ordinary businesses offer crypto payment? Are they all stupid? Or may it be the case that there is some truth to that:

Crypto is an area full of gamblers, scammers and dreamers, highly volatile

Crypto is - like it or not - irrelevant in the typical world of serious businesses. For most not even an edge use case that it worth thinking about. As I said: You seem to live in a massive filter bubble. A discussion between us makes no sense anyway: You have your opinion and I have mint - but neither of us makes the decision if XF will offer crypto-payments or not. I can understand if they don't, you cannot and are outraged if they don't - which is in the end your personal problem and will not change anything.

 

[frm]

Crypto is - like it or not - irrelevant in the typical world of serious businesses.

Times will change, especially if the commitment to buying 1,000,000 BTC as a reserve happens.

Trump Confirms Bitcoin Reserve Plans—$15 Trillion Price Boom Predicted

Trump has confirmed he plans to establish a U.S. bitcoin strategic reserve...

www.forbes.com

It'd be in the company's best interest, in my humble opinion, to leverage settlement to cash and keep some in reserve for the end of the year or when price spikes to claim even more cash for bonuses at the end of the year or something.

Say, take 70% in cash and leave 30% in BTC. Holding a reserve that potentially can increase in value also gives XenForo Ltd. bargaining power for assets under management, if (I don't think they will again), they are ever to sell, as it'd be more wise to sell the BTC under management than to convert it and take a tax hit.

There's a lot to be collected now at $100,000/BTC that can be saved for when it's $750,000 based purely on that injection alone, and not other speculation. Perhaps, maybe enough to hire a new developer or two for a year and pump out XF 4.0.

Just my 2c.

But, don't let gamblers get ahold of a XF license. Who knows what they might do with it? Create a thriving gambling community? Nah, we don't need more forums.

 

[CarlNa]

I think the question is not, if this makes sense for XF or not.
It would make sense from nearly all perspectives... every argument against it here is based on lack of knowledge or simply ignorance

Why? Because its 100% the same way to get paid like with creditcards. But with less fees, no chargebacks etc...

The only question is: is XF open minded to "new" technology (BTC is here since 14 years)?? I know, there are some cat-forums out there which are older , but I don't think that this should be a reason to exclude crypto.

just my opinion....

 

[smallwheels]

Times will change, especially if the commitment to buying 1,000,000 BTC as a reserve happens.

You are a believer, I think everyone got this already. But nobody likes missionaries and the US of A is hardly comparable to XF as a company and @Chris D not to Donald Trump. Apart from that: As far as I know Bitcoin is not an official way of paying in the US, not even for your taxes, and is not planned to be. Still you demand that XF basically do that.

Holding a reserve that potentially can increase in value also gives XenForo Ltd. bargaining power for assets under management

Ignoring the fact that it can obviously also decrease shows your blind spot pretty well:

Price of bitcoin from 2009 to today:



As with every investment you should be prepared for loss and only invest money that you won't need shorthand. If a company has enough money to invest it via the financial market it is probably still not advisable to risk this in a highly risky and volatile thing like Bitcoin. The question is not if the next crash happens but when.

Say, take 70% in cash and leave 30% in BTC.

There's a lot to be collected now at $100,000/BTC that can be saved for when it's $750,000 based purely on that injection alone, and not other speculation. Perhaps, maybe enough to hire a new developer or two for a year and pump out XF 4.0.

At the start you demanded that you wanted to pay for your license via Bitcoin. Now you give advice what XF should do with their earnings. Surprise: They should invest them into bitcoin. Don't you think this goes a bit over the top?

What on earth does this have to do with your initial request apart from the fact that you are a bitcoin fan and missionar?

If it this is such a good investement: Why on earth do you want to pay in Bitcoin then instead of keeping your bitcoins and pay with worthless analogue money? If it is so easy to become rich with investing in bitcoin: How come that you are not a billionaire yet? How com e that you did not start a company that accepts Bitcoin as the only way of payment? You'd be superrich in no time with all the customers that are eager to pay you in bitcoin while at the same time the value of Bitcoin goes up and then further up.

It would make sense from nearly all perspectives... every argument against it here is based on lack of knowledge or simply ignorance

That's a pretty easy way of argumenting... Good that you are enlightened.

Why? Because its 100% the same way to get paid like with creditcards. But with less fees, no chargebacks etc...

That's not even the same universe, let alone the same planet.

 

[frm]

I think the question is not, if this makes sense for XF or not.

I only know US GAAP accounting principles, so it makes perfect sense to do it in the States. I don't know how the UK would treat it, or if they allow shell companies for pass-through like you can in the States, without having to deal with other regulatory processes.

 

[CarlNa]

That's not even the same universe, let alone the same planet.

Tell me the difference, please.

You sell a license for 195 GBP, the user pays in crypto. You get 195 GBP on your bank account and fully reporting in GBP.
Money is on the bank account. You never touch crypto. Accounting has nothing to do with crypto.
So, whats the difference?

 

[smallwheels]

I only know US GAAP accounting principles, so it makes perfect sense to do it in the States. I don't know how the UK would treat it, or if they allow shell companies for pass-through like you can in the States, without having to deal with other regulatory processes.

XF is a small software company. They are pretty busy developing the forum software that they sell. If they start to create shell companies in overeas to speculate with the company money it would probably be advisable to look for an alternative software... Focus is a good thing (you lost it already in this thread within a couple of posts) - a software company should develop software and not focus to speculate on the financial market....

 

[frm]

At the start you demanded that you wanted to pay for your license via Bitcoin. Not you give advice what XF should do with their earnings. Surprise: They should invest them into bitcoin. Don't you think this goes a bit over the top?

Invest vs. leverage are two different things. It'd be no different than them going to the bank and buying bars of gold or silver to sit on in hopes that it grows, or what other companies even do, invest in stock market ETFs for dividend drips to increase their revenue with excess profits.

But, I'm done with this thread now.

It's clear that you're against BTC, and probably because you missed the boat. I got in with exactly $0, and am not a gambler or terrorist, but have a substantial amount in crypto. Even if it went down to 2009 lows, I'd still be up, so I really don't care. I spend it as discretionary money when and if I can, and hold on to it as it rises in value, and buy more things, saving cash for other investments. Sorry, but not sorry, you didn't think it'd be worth anything a decade ago.

 

[smallwheels]

Tell me the difference, please.

They could also accept indian rupies. The customer market would probably be bigger. There is no need for crypto. It is just that you want it. Because you want it.

 

[frm]

a software company should develop software and not focus to speculate on the financial market....

Oracle Corporation owns approximately 29% of Ampere Computing Holdings LLC as of November 30, 2024

I'll be sure to email Oracle Customer Support and let them know that they should stop speculating on the growth of other software companies and sell their stake and only focus on Oracle.

This is pretty common business practice... in any industry...

 

[CarlNa]

XF is a small software company. They are pretty busy developing the forum software that they sell. If they start to create shell companies in overeas to speculate with the company money it would probably be advisable to look for an alternative software... Focus is a good thing (you lost it already in this thread within a couple of posts) - a software company should develop software and not focus to speculate on the financial market....

You don't understand what you are talking about. This is what I mean with "ignorance"....

 

[CarlNa]

They could also accept indian rupies. The customer market would probably be bigger. There is no need for crypto. It is just that you want it. Because you want it.

The point is, you don't like crypto and you don't know pretty much about it. But that has nothing to dowith this thread, because its not about replacing credit cards with crypto.

You will be free to not pay with crypto if you want

 

[frm]

They could also accept indian rupies. The customer market would probably be bigger. There is no need for crypto. It is just that you want it. Because you want it.

And then there's the FOREX market... Rupees->USD or Euro or anything else. Hell, buy the Yen while it's so weak right now and if it swings back around you can double your money.

If they have, or can come up with discretionary funds, they should put it to use in a way that only strengthens the balance sheet. Then, use it when they need it. You think a company should be money in/money out immediately? Okay...

 

[smallwheels]

But, I'm done with this thread now.

Thankfully.

It's clear that you're against BTC, and probably because you missed the boat.

I am not "against crypto" and not "because I missed the boat". I know a thing or two about it and (not only) in my eyes it is a higly speculative investment, basically a snowball or pyramid scheme. You can earn money as long as you don't miss to step out at the right moment.

Sorry, but not sorry, you didn't think it'd be worth anything a decade ago.

It is interesting that you claim things about me w/o any knowledge. Typical for the crypto-bros-gang and other belivers and marketers of pyramid schemes of any kind.

Do you really think this is the appropriate way to ask XF if they are willing to implement Bitcoin as a way of payment for licenses? I don't think so.

 

[frm]

It's obvious that you missed the boat, and clearly obvious that you don't know how corporations use their profits to gain even more profits while it just sits there. I suppose if you're a small business making like $1000/month, it'd be okay in the savings account, but I'd still argue with net-90 settlement that they should buy 5% yielding T-bonds so that they can owe $1000 in 90 days but collect 5% off that $1000, settle the 90-day bill, then pocket $50 over the 3 months that they otherwise wouldn't have had.

But, sure, settle the bill immediately and lose $50.

Edit: Oh, and pay with a credit card that yields 5% cash back. Then, they pay the $1000 owed in 90 days on credit, immediately pay the balance at the end of the month, but have $100 extra to reinvest. You just saved yourself $100 on a $1000 bill, and only $50 of that is taxable, since rewards aren't, so, say, $90 give or take.

 

[frm]

Do you really think this is the appropriate way to ask XF if they are willing to implement Bitcoin as a way of payment for licenses? I don't think so.

No, I don't think an open forum is an appropriate avenue. I'm suggesting they keep an open mind about it, but they can do as they like, as they've shown us time and time again that they do what they want.

I'm merely putting things out there that may not be so obvious to people who might solely have a background in software development and never gained knowledge on business management. Though I am only speculating here, as I know the background of vB/XF, so there has to be some clue to business management. However, they might not be putting their money to best use, if they have any, as I don't see their books, nor do I want to. They can determine if they want to keep cash on the balance sheet or use some or all of it to invest in NVDA for all I care. One way to "lose" money (the opportunity cost of not spreading assets out) is painfully obvious, and that's keeping cash unless it's critically needed within 90 days, but I sure hope they have more than that.

I mean, hell, you said a software company should only focus on software... but every other large corporation holds some of their money in other corporations so that it grows, and takes it as needed.

 

[smallwheels]

You don't understand what you are talking about. This is what I mean with "ignorance"....

Funny to get a statement like that from someone who does not know the difference between an official country currency and bitcoin. And who call bitcoin a "technology".

Why? Because its 100% the same way to get paid like with creditcards. But with less fees, no chargebacks etc...

The only question is: is XF open minded to "new" technology (BTC is here since 14 years)?

So, whats the difference?

clearly obvious that you don't know how corporations use their profits to gain even more profits while it just sits there.

Funny, especially given my professional and educational background. But hey, your phantasy is your phantasy. YOu know everything and everyone who does not share your opinion is an undereducated idiot. So be it.

every other large corporation holds some of their money in other corporations so that it grows, and takes it as needed.

you mean a large compan like XenForo?

I'm merely putting things out there that may not be so obvious to people who might solely have a background in software development and never gained knowledge on business management.

That promised to be interesting. But it wasn't.

One way to "lose" money

... is to put it in speculative investments that have nothing to do with your business and that defocus you from it. Following the advice that you got w/o asking on a internet forum from one random guy that was heavily advocating crypto and claimed for no reason to be a (self-declared) business god.

 

[frm]

... is to put it in speculative investments that have nothing to do with your business and that defocus you from it.

T-bills are guaranteed, unless the full faith in the government collapses within 3 months. The farthest thing you can do from speculating... but, okay.

 

[MySiteGuy]

About 15,000 businesses world-wide accept cryptocurrency. Over 50 million businesses worldwide accept credit and debit card. Accepting payment methods that use credit and debit cards is a must.

Is cypto a must for business? No.

Risky? Yes. It's not a store of value, volatile, not an investment, and the biggest thefts in history occurred in crypto. Plus, in many countries it has tax and paperwork overhead since they consider it "property" and not currency. So every single payment has to have their capital gain or loss tracked, and accounted for. Businesses want simplicity and predictability.

 

[smallwheels]

Is cypto a must for business? No.

Don't dare to have a different opinion than the crypto bros! Even less if you have a foundation for it!