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

 

[frm]

Risky? Yes. It's not a store of value, volatile, not an investment,

You are aware that there are payment processors that immediately swap it for the currency of your choice on the spot at whatever rate it is, right? That eliminates risk as they could accept Bitcoin and immediately get $195. There's no risk in that, but there is time required to manage another account and possibly more time (unsure of UK GAAP) to correctly put it on the books, if it can't be recorded as cash since they technically received it in their currency and not Bitcoin (the processor did).

The store of value is a proposal for speculating on the growth as the US has proposed 1,000,000 BTC reserve, which will cause volatility, and to the upside if it goes through. I just threw that out there that they could take 70% in the currency of choice and 30% remaining in BTC, so if it does 7x over the next 5-10 years, it could be a way to keep prices of XF low as inflation eats at every world currency for the next 5-10 years and they could use the 30% as needed if it grows.

 

[MySiteGuy]

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.

That's not how a T-Bill works. The $1000 is the final price, not what you pay. A 90-day T-bill returning a 5% yield would need a 10.03% annual rate - that's not going happen (it's at 4.34% now).

Plus, you calculated the return wrong. The $1000 T-bill with a 4.34% rate would cost you $978.82 for a total return of $21.18. No way, no how, will you get a 10% return on a 90-day T-Bill. To get 10% back in 90 days, you'd need a 20.05% interest rate on it for that.

 

[smallwheels]

What happened to this:

But, I'm done with this thread now.

?

 

[MySiteGuy]

You are aware that there are payment processors that immediately swap it for the currency of your choice on the spot at whatever rate it is, right?

You still must treat it as short term capital gain or loss, and account for it even if the return is 0%.

 

[CarlNa]

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".

Man, india people can pay with rupies credit cards for XF, unless XF blocked this country. Visa/Mastercard does the exchange in the background, similar to crypto companies.
So, your argument is complete bull****.

You have absolutly no idea what you are talking about.

 

[smallwheels]

You have absolutly no idea what you are talking about.

You can do what you want with your crypto scheme. A bit limited by the fact that basically no-one accepts crypto, for good reasons. Don't expect others to float your boat - it's your boat. Insulting others surely does neither convince them nor makes you more competent.

 

[frm]

You still must treat it as short term capital gain or loss, and account for it even if the return is 0%.

If only payment processors didn't issue tax information that is easily importable into nearly any accounting software to automatically file the correct number automatically... (The US at least)

 

[frm]

A bit limited by the fact that basically no-one accepts crypto, for good reasons.

My bullion dealer does.

But, I know what you'll say next.

"Gold and silver are speculative investment instruments and you'll lose all your money there too. You should only ever keep cash."

 

[CarlNa]

You can do what you want with your crypto scheme. A bit limited by the fact that basically no-one accepts crypto, for good reasons. Don't expect others to float your boat - it's your boat. Insulting others surely does neither convince them nor makes you more competent.

It doesn't get any better...
Nobody is accepting crypto, at least none serious business
Oh, wait: https://letmegooglethat.com/?q=big+companies+accept+crypto

I think you misunderstood someting. I asked XF if there are any plans for that.
I did not ask you about your personal opinion and your lack of knowledge about crypto.

 

[frm]

Nobody is accepting crypto, at least none serious business

If APMEX will hand over gold and silver for Bitcoin, and he doesn't know this, it's a lost cause to argue. (Not my bullion dealer as I get premiums cheaper elsewhere, even with crypto as a payment.)

 

[smallwheels]

All what came from you @frm and @calNa in this thread were insults, wild claims w/o any foundation and the usual shallow crypto-bro marketing ******** that no one has believed since many years. Not a single argument. But instead a rally for advertizing crypto and giving unwanted "business advice" on a competency level that clearly seems more than just dubious. In a thread that is intended for pre-sales questions for XF-customes.

My statement from the first page of this thread stands:

It seems relatively easy: 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.

You gave not the slightest prove that would make this a valid business decision but have rather proven pretty well to stay as far away from the crypto bros as possible as they can ******** all day long, try to talk everyone into their schemes and become aggressive if no-one is interested in their advocating.

 

[CarlNa]

All what came from you @frm and @calNa in this thread were insults, wild claims w/o any foundation and the usual shallow crypto-bro marketing ******** that no one has believed since many years. Not a single argument. But instead a rally for advertizing crypto and giving unwanted "business advice" on a competency level that clearly seems more than just dubious. In a thread that is intended for pre-sales questions for XF-customes.

My statement from the first page of this thread stands:



You gave not the slightest prove that would make this a valid business decision but have rather proven pretty well to stay as far away from the crypto bros as possible as they can ******** all day long, try to talk everyone into their schemes and become aggressive if no-one is interested in their advocating.

I think this is a huge text, with no argument at all.
Again, I did not ask you about your opinion about crypto. If XF would do that, you could easily decide to not touch crypto at all, like you argue all the time

 

[frm]

To get 10% back in 90 days, you'd need a 20.05% interest rate on it for that.

I haven't tracked rates in a while, but knew they were close to 5%, and easy numbers to work with. You proved my math wrong, but in doing so, you still demonstrated that it's profitable.

The additional 5% is settling the bill with a 5% cash back rewards card, which rewards are non-taxable.

 

[smallwheels]

I did not ask you about your opinion about crypto.

Absolutely no one in this thread has asked you about your opion about crypto - still you did not bother to propagate it, claimint it as the only possible true opinion possible... Strange, isn't it?

 

[CarlNa]

Absolutely no one in this thread has asked you about your opion about crypto - still you did not bother to propagate it, claimint it as the only possible true opinion possible...

I just asked the XF team if there are any plan for such things in future.

You should spend more time with things you like. I mean, what a waste of time....

 

[MySiteGuy]

As far as business use cases go, in my experience I've only had these types of people wanting to use crypto:

1. Someone trying to get out of their crypto holdings.
2. Porn and THC related sites, because many banks and payment processors won't deal with them.
3. Those trying to get around country embargoes (like Russia), which is illegal to knowingly participate in.
4. Someone trying to launder money from ill-gotten gains. For instance, I had one site that offered to pay crypto and when they gave the the site URL I found it was a site that traded stolen account information.

 

[Slavik]

We have never, and currently do not have plans to accept crypto.

If/when the UK tax laws stop being a yoyo enabled see-saw of rules relating to it, we may look at it again.

 

[jb9826]

Don't waste your time with arguing fiat people. They were the ones telling you to not buy Bitcoin over a decade ago because "it was a scam"

Those who listening to them stayed poor. Those who did their own research are rich now.

If you try to run an actual business? not a tiny forum that sells couple things a year but an actual registered business that follows the laws of the country you are in. The tax laws which is a system of theft are nothing but to slow down your business and rob your business over time. Tax laws are meant to stop you from succeeding.

If you don't follow the laws you end up in jail. Try keeping track of your sales and since Bitcoin goes up and down. It's extremely difficult. Most business owners won't dare touch Bitcoin until the government gives them permission.

The UK and English countries are one of the worst culprits of this theft system. The good news is this is all coming to and end thanks to Trump. As they have defeated the British monarchy. Trump will be ending the central banks & IRS and then going full force in Bitcoin.

I suspect eventually the other countries will copy the new economic system as we are seeing some countries do now.

There is demand for Bitcoin now but I would suspect that the demand is still not high enough for xenforo to go around trying to implement as most sales are still throughout fiat. Most developers who implement Bitcoin only get about 1 or 2 % of their sales in Bitcoin. The rest is in fiat.

I always re-newed my license every year from all software i bought lots of software from developers. Then paypal banned me and i stopped. Then i lost interest.

I'm starting to get my interest back but only when i can easily re-new licenses with Bitcoin. I closed my stripe account & 2 banks.

We're still a while from Bitcoin implemented everywhere but it's coming fast.

Forums is just a hobby for me so i there is really no pressure for me to spend my money.

In a way it was great that paypal banned me because that's when i started using Bitcoin and instead of spending thousands of dollars on software i dumped it all in Bitcoin and made too much.

im ready to start spending thousands of dollars again on software.

who wants my Bitcoin. get working. i need software



One thing is for sure. If you pay using Bitcoin. Re-buy the Bitcoin back on exchanges using fiat.

Cancelling my credit card is soon. I look forward to the day xenforo accepts Bitcoin.

 

[MySiteGuy]

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

Trump's track record in business is he started with a ton of money from his father at the start, and ending with less money than had he put it in index funds. Along the way, he's left a trail of unpaid debt, bankruptcies, and individuals, small businesses and local governments being ripped off. Throw in that he was against crypto until his inexperienced 18-year-old child convinced him otherwise, and that makes Trump the best argument against getting involved in crypto that anyone can make.

It doesn't get any better...
Nobody is accepting crypto, at least none serious business
Oh, wait: https://letmegooglethat.com/?q=big+companies+accept+crypto

I think you misunderstood someting. I asked XF if there are any plans for that.
I did not ask you about your personal opinion and your lack of knowledge about crypto.

Microsoft is walking away from it.

Microsoft Just Made a Momentous Decision About Bitcoin That Could Dramatically Affect Your Ability to Become a Crypto Millionaire | The Motley Fool

www.fool.com

Burger King not accepting it. A few independent franchises around the world do.

Subway does not accept it. A few independent franchises do.

Pizza Hut does not accept it except in Venezuela. That's 10 out of 19,000+ locations.

The Miami Dolphins do not yet accept it.

Virgin Galactic - you're talking about a company with almost no clients.

Pirate Bay, 4Chan and Mega.ns. Seriously, these only help reinforce it's a platform that shady companies gravitate towards.

Quiznos - at one location, and it hasn't been implemented yet. lol

And then the list of less than 100 retailers around the world.... out of millions of retailers. That list you provided is so full of holes, and half-truth chest thumping. Crypto is a grain of sand on the beach of commerce transactions.

And @jb9826, tell your "get rich" stories to the people affected by this:



Add in another $1.7 billion stolen in 2023, and $1.4 billion stolen January 2024 to June 2024. In 2018, over 7% of Bitcoin value was stolen and that's just those reported!

Crypto is full of shady people, that's why porn and drug related sites use it so much, and why it's how ramsomware script kiddes/hackers prefer to receive their funds. No matter how much you try to spin it, you cannot get around the rampant criminal activity associated with crypto. Even the "Hawk Tuah" girl and her insiders have ripped off people for hundreds of millions in a matter of days.

A PayPal ban, and implied avoidance of taxation, hints towards the shady camp.

I don't think people pushing Bitcoin have the slightest clue what the difference between investing and speculating is. Not a single person here has yet to provide a sound explanation of why it's a safe and solid investment.

​

 

[CarlNa]

Trump's track record in business is he started with a ton of money from his father at the start, and ending with less money than had he put it in index funds. Along the way, he's left a trail of unpaid debt, bankruptcies, and individuals, small businesses and local governments being ripped off. Throw in that he was against crypto until his inexperienced 18-year-old child convinced him otherwise, and that makes Trump the best argument against getting involved in crypto that anyone can make.



Microsoft is walking away from it.

Microsoft Just Made a Momentous Decision About Bitcoin That Could Dramatically Affect Your Ability to Become a Crypto Millionaire | The Motley Fool

www.fool.com

Burger King not accepting it. A few independent franchises around the world do.

Subway does not accept it. A few independent franchises do.

Pizza Hut does not accept it except in Venezuela. That's 10 out of 19,000+ locations.

The Miami Dolphins do not yet accept it.

Virgin Galactic - you're talking about a company with almost no clients.

Pirate Bay, 4Chan and Mega.ns. Seriously, these only help reinforce it's a platform that shady companies gravitate towards.

Quiznos - at one location, and it hasn't been implemented yet. lol

And then the list of less than 100 retailers around the world.... out of millions of retailers. That list you provided is so full of holes, and half-truth chest thumping. Crypto is a grain of sand on the beach of commerce transactions.

And @jb9826, tell your "get rich" stories to the people affected by this:

View attachment 315772

Add in another $1.7 billion stolen in 2023, and $1.4 billion stolen January 2024 to June 2024. In 2018, over 7% of Bitcoin value was stolen and that's just those reported!

Crypto is full of shady people, that's why porn and drug related sites use it so much, and why it's how ramsomware script kiddes/hackers prefer to receive their funds. No matter how much you try to spin it, you cannot get around the rampant criminal activity associated with crypto. Even the "Hawk Tuah" girl and her insiders have ripped off people for hundreds of millions in a matter of days.

A PayPal ban, and implied avoidance of taxation, hints towards the shady camp.

I don't think people pushing Bitcoin have the slightest clue what the difference between investing and speculating is. Not a single person here has yet to provide a sound explanation of why it's a safe and solid investment.

​

You should ban creditcards too
Again: you have absolutely no idea what you are talking about.