Ye, you can accept it as payment, but not that much people know about them, and now BTC value decresed and you cant predict it. 1 day price for 1 BTC can be $200 but in next day $100
MtGox has a whole payment system that you can use to accept Bit coins. My problem with Bit coins is that they are too complicated for the average person, the price fluctuates too much and MtGox restricts how much you can convert Bicoins into dollars. Still it's an interesting idea though.
Its good idea, but its hard to make a fixed amount as the rate of BTC is going up and down dramatically.
IMO it's not stable enough to consider. Sure maybe for some niche sales, but an actual (and legitimate) business, no way. I can't take the risk of the currency I'm accepting devaluing between when someone makes a purchase and when I get it into my bank account. Secondly, this would create a tax reporting mess, since if the currency gains value, you would have capital gains liabilities.
I would avoid using Bitcoins for now. The concept is brilliant and I believe it will definitely pick-up (either Bitcoins or another replacement). But for now, the volatility is too high. If you had to accept Bitcoins as a form of payment, I would do it taking a huge premium over its current price.
As a member points out, fluctuations is a big issue. Second problem is hacking, once every few months there are major hacking incidents. Lastly, the number of confirmations and the time needed may be a problem for POS or fast payment usage.
Because the price of BTC is so volatile you would need a script on your system that will automatically adjust your BTC/USD rate. I believe you can use CRON for this?
It's a good idea, but actually bitcoin rates change quickly. You will need to remember about it when you allow new way of payment for your services. Although in this case you can use some algorithm to convert and recalculate rates. Bit coin are becoming more popular so it might be worth giving them some attention.
I recommend most of us start using BitCoin because is a trend and in just few months more and more people are going to start using BTC as their primary electronic money.
Bitcoins is a great idea. I just start to interest really about it 2 weeks ago. I read many about. Just search in Google. There is a plenty of infos out there. I see the hype and I see the small, short crash. Its a little like stocks at moment. But faszinating. Search for BITCOIN MINING. Everyone can generate bitcoins self. Thats nearly a electronic virtual gold digging. LOL After I know more I decide to accept bitcoins for my virtual goods selling. I have a bigger % of profit with these, so it doesn't matter if it goes down or up. More and more people start to using Bitcoins. Even Namecheap!!!
Mining will quickly become cost-prohibitive as ASIC systems are put into operation. You may be able to make a few bucks if you have a massive GPU setup and you're not worried about electrical costs.
I totally advice against using Bitcoins, both offline and online service providers have troubles just because of the EUR/USD fluctuation for example, but the Bitcoins are taking that fluctuation to a whole different level, stay out of it. For me bit coins are just another form of HYIPs, you can make money of it by a system i call educated gambling, but if you are a seller/service provider i would definitely not even consider this option.