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November 15, 2012, 11:55:08 PM
 #21

Great news!

Very excited to hear.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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November 15, 2012, 11:57:22 PM
 #22

I am going to rain on this parade a little bit, but WORDPRESS really? It is awesome that they are accepting bitcoins, great exposer, but wordpress isn't that great of a company. Plus they launched a small part of that, they should have waited until the can launch there bundles with bitcoins. They claim is due to technical issues, so why not wait the month or two until it is setup.
Yeah it's only like the 22nd largest site in the world..
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November 15, 2012, 11:57:57 PM
 #23

Finally.

https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
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November 15, 2012, 11:58:32 PM
 #24

source: http://en.blog.wordpress.com/2012/11/15/pay-another-way-bitcoin/

Quote

Pay Another Way: Bitcoin

At WordPress.com, our mission is making publishing democratic — accessible and easy for anyone, anywhere. And while anyone can start a free blog here, not everyone can access upgrades (like going ad-free or enabling custom design) because of limits on traditional payment networks.

Today, that changes: you can now buy WordPress.com upgrades with bitcoins.

PayPal alone blocks access from over 60 countries, and many credit card companies have similar restrictions. Some are blocked for political reasons, some because of higher fraud rates, and some for other financial reasons. Whatever the reason, we don’t think an individual blogger from Kenya, Haiti, Cuba, or Iraq should have diminished access to the blogosphere because of payment issues they can’t control. Our goal is to enable people, not block them.


This is good news, but: How exactly is this target group supposed to get hold of bitcoins? Oh, right. There are no bitcoin exchanges in Kenya, Haiti, Cuba, or Iraq. I am not being sarcastic, but genuinely concerned about this problem.

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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November 16, 2012, 12:03:48 AM
 #25

LOL This news will pump up the price a little and help the whole economy, maybe the first from the big fishes. Anyway this only presents brighter future for the currency.

Great news.

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November 16, 2012, 12:05:55 AM
 #26

but wordpress isn't that great of a company.

It's the richest company to ever accept bitcoins yet! http://allthingsd.com/20120425/automattic-grows-up-the-company-behind-wordpress-com-shares-revenue-numbers-and-hires-execs/

Quote
WordPress now powers 70 million sites, up from 35 million sites a year ago. Almost half of the biggest blogs in the world are hosted by WordPress.com or run on their own versions of the open-source WordPress platform.
The company is profitable, and expects to bring in $45 million in revenue this year, according to CEO Toni Schneider and founder Matt Mullenweg.

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November 16, 2012, 12:07:55 AM
 #27

I hope tumblr and posterous follows suit.

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November 16, 2012, 12:09:02 AM
 #28

I just shat in my pants! Shocked


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November 16, 2012, 12:24:20 AM
 #29

I honestly don't care about richest company. It isn't like they are pumping the money into bitcoins anyway and after a little bump in the price of bitcoins, I doubt it will stay there. I want substance, that is a disappointment here.
I'll be nice and explain it to you just this once:

The reason most of us are so excited about this is not necessarily because we hope to see a significant increase in the exchange rate or immediate general use but because a giant rich company like that actually announcing to the world that they think Bitcoin is a legit option is a huge nod of approval which will be heard loud and clear by everyone else on the sidelines indecisive perhaps about jumping in. In other words we are mostly excited for the PR effect this move will have that will eventually hopefully lead to more Bitcoin users and a higher exchange rate!

I hope that was clear enough.

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November 16, 2012, 12:26:33 AM
 #30

I honestly don't care about richest company. It isn't like they are pumping the money into bitcoins anyway and after a little bump in the price of bitcoins, I doubt it will stay there. I want substance, that is a disappointment here.
I'll be nice and explain it to you just this once:

The reason most of us are so excited about this is not necessarily because we hope to see a significant increase in the exchange rate or immediate general use but because a giant rich company like that actually announcing to the world that they think Bitcoin is a legit option is a huge nod of approval which will be heard loud and clear by everyone else on the sidelines indecisive perhaps about jumping in. In other words we are mostly excited for the PR effect this move will have that will eventually hopefully lead to more Bitcoin users and a higher exchange rate!

I hope that was clear enough.

Some people lack foresight... even in the Bitcoin community.

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November 16, 2012, 12:33:21 AM
 #31

This is awesome   Grin

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November 16, 2012, 12:38:48 AM
Last edit: November 16, 2012, 12:56:57 AM by Phinnaeus Gage
 #32

I am going to rain on this parade a little bit, but WORDPRESS really? It is awesome that they are accepting bitcoins, great exposer, but wordpress isn't that great of a company. Plus they launched a small part of that, they should have waited until the can launch there bundles with bitcoins. They claim is due to technical issues, so why not wait the month or two until it is setup.
Yeah it's only like the 22nd largest site in the world..

I don't care if they were the 1st largest site, as I said great press but they limited what is being able to purchased. Plus when was the last time you saw a company blog powered by wordpress? Everyone is switching there blogs to tumblr, if you haven't noticed. Wordpress is just trying to copy tumblr now, kinda sad.

but wordpress isn't that great of a company.

It's the richest company to ever accept bitcoins yet! http://allthingsd.com/20120425/automattic-grows-up-the-company-behind-wordpress-com-shares-revenue-numbers-and-hires-execs/

Quote
WordPress now powers 70 million sites, up from 35 million sites a year ago. Almost half of the biggest blogs in the world are hosted by WordPress.com or run on their own versions of the open-source WordPress platform.
The company is profitable, and expects to bring in $45 million in revenue this year, according to CEO Toni Schneider and founder Matt Mullenweg.

I honestly don't care about richest company. It isn't like they are pumping the money into bitcoins anyway and after a little bump in the price of bitcoins, I doubt it will stay there. I want substance, that is a disappointment here.

WordPress completely dominates top 100 blogs Posted in Main on April 11th, 2012 by Pingdom

Quote
WordPress is no doubt a very popular web publishing platform for blogs and other types of websites. But just how popular is it?

We just completed a study and found that WordPress is in use by 48% of the top 100 blogs in the world. This is an increase from the 32% we recorded three years ago.

Plus, take a look at this page: http://en.wordpress.com/notable-users/



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November 16, 2012, 12:40:11 AM
 #33


This is good news, but: How exactly is this target group supposed to get hold of bitcoins? Oh, right. There are no bitcoin exchanges in Kenya, Haiti, Cuba, or Iraq. I am not being sarcastic, but genuinely concerned about this problem.


Bitcoin has many "chicken and egg" type issues, this being one out of many. I wouldn't let it get you down, as the more that services build up that accept BTC, the more incentive there will be for people to set up exchange services of some sort in these countries.


I thoroughly applaud this move, we now have:

- highly significant competitor to electronics stores in the form of bitcoinblaster.com and bitcoinstore.com (and I'm really hoping the latter will continue to branch out into more of an amazon.com competitor, early signs of this already)
- digital locker hosting courtesy of Wuala
- significant acceptance among MMPORG sites, either directly or indirectly through forums
- online marketplace in Bitmit.net
- various merchants for precious metals and coins
- limited but growing foodstuffs and real life restaurants/bars (really looking forward to more growth in this area, everyday use products like food and toiletries are a vital link for any fledgling economy)
- several VPN providers now accept
- various payments and transaction services
- perhaps more gambling than sites than necessary (it was bound to happen though!)
- wordpress, one of the big players in blog hosting

Some of these businesses have the potential to really outcompete their fiat alternatives, and a name like wordpress stepping in will only put pressure on the more established outfits to look into Bitcoin. Quite exciting to contemplate, we are beginning to get a real momentum together.


Vires in numeris
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November 16, 2012, 12:43:26 AM
 #34

Wow.  This is pretty big.  I just love this statement:

"PayPal alone blocks access from over 60 countries, and many credit card companies have similar restrictions. Some are blocked for political reasons, some because of higher fraud rates, and some for other financial reasons. Whatever the reason, we don’t think an individual blogger from Haiti, Ethiopia, or Kenya should have diminished access to the blogosphere because of payment issues they can’t control. Our goal is to enable people, not block them."




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November 16, 2012, 12:45:52 AM
 #35


This is good news, but: How exactly is this target group supposed to get hold of bitcoins? Oh, right. There are no bitcoin exchanges in Kenya, Haiti, Cuba, or Iraq. I am not being sarcastic, but genuinely concerned about this problem.


Bitcoin has many "chicken and egg" type issues, this being one out of many. I wouldn't let it get you down, as the more that services build up that accept BTC, the more incentive there will be for people to set up exchange services of some sort in these countries.


I thoroughly applaud this move, we now have:

- highly significant competitor to electronics stores in the form of bitcoinblaster.com and bitcoinstore.com (and I'm really hoping the latter will continue to branch out into more of an amazon.com competitor, early signs of this already)
- digital locker hosting courtesy of Wuala
- significant acceptance among MMPORG sites, either directly or indirectly through forums
- online marketplace in Bitmit.net
- various merchants for precious metals and coins
- limited but growing foodstuffs and real life restaurants/bars (really looking forward to more growth in this area, everyday use products like food and toiletries are a vital link for any fledgling economy)
- several VPN providers now accept
- various payments and transaction services
- perhaps more gambling than sites than necessary (it was bound to happen though!)
- wordpress, one of the big players in blog hosting

Some of these businesses have the potential to really outcompete their fiat alternatives, and a name like wordpress stepping in will only put pressure on the more established outfits to look into Bitcoin. Quite exciting to contemplate, we are beginning to get a real momentum together.


This post sucks, for I'm only preparing a conference/expo/retreat to accommodate about 200 bitcoiners/techies: https://bitcointalk.org/index.php?topic=124314.0
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November 16, 2012, 12:48:48 AM
 #36

amazing


the start of getting bitcoin recognised legitimately so here's a round of applause from the big man himself

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November 16, 2012, 12:51:01 AM
 #37

This is good news, but: How exactly is this target group supposed to get hold of bitcoins? Oh, right. There are no bitcoin exchanges in Kenya, Haiti, Cuba, or Iraq. I am not being sarcastic, but genuinely concerned about this problem.
Remittances and donations should be more than sufficient. Most bloggers from these countries have family abroad who do have access to bitcoins, and if they have any international audience at all it's shouldn't be hard to get enough bitcoins from their readers to pay for the services.
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November 16, 2012, 12:54:41 AM
 #38

Whatever the reason, we don’t think an individual blogger from Haiti, Ethiopia, or Kenya should have diminished access to the blogosphere because of payment issues they can’t control. Our goal is to enable people, not block them."





me too!
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November 16, 2012, 12:59:24 AM
 #39

@gweedo can you STFU? Please

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November 16, 2012, 01:02:54 AM
 #40

This is good news, but: How exactly is this target group supposed to get hold of bitcoins? Oh, right. There are no bitcoin exchanges in Kenya, Haiti, Cuba, or Iraq. I am not being sarcastic, but genuinely concerned about this problem.
Remittances and donations should be more than sufficient. Most bloggers from these countries have family abroad who do have access to bitcoins, and if they have any international audience at all it's shouldn't be hard to get enough bitcoins from their readers to pay for the services.

I managed to get a friend in Botswana into Bitcoin. He doesn't have a lot of BTC right now but he's clearly keen on its potential.

It's these little acorns...

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