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 sh4d0ws
LSx
 
Registered: 02/26/08
Posts: 12,086
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 The store should be updated to accept cryptocurrency... edit: The store now accepts crypto!   1
#25877130 - 03/16/19 01:04 AM (5 years, 1 month ago) |
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It's been down long enough. If you guys just updated it to accept bitcoin or other popular alt coins you wouldn't have to worry about payment providers, cc merchants, etc...
I want a bigger image limit but I can't get it, and I'm pretty certain cryptocurrency is easily the best choice for shroomery accepting payments nowadays
And the shroomery store now accepts crypto payments. Onwards!!
Edited by sh4d0ws (02/03/20 11:00 PM)
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bodhisatta  
Smurf real estate agent
Registered: 04/30/13
Posts: 61,891
Loc: Milky way
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Re: The store should be updated to accept cryptocurrency... [Re: sh4d0ws]
#25877426 - 03/16/19 08:15 AM (5 years, 1 month ago) |
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Hard to pay taxes on crypto. From my interpretation of what's already been discussed it's an unreasonable avenue. Cryto isn't good money for business. it's value constantly fluctuates making it incredibly difficult for accounting
Quote:
Ythan said:
Yeah, due to the volatility of crypto exchange rates it's a pain in the ass to figure out our cost basis when it's time to pay taxes. We still have to report income from donations. We want to offer support for crypto payments in the future and I'm grateful for your suggestions but it may not be a great solution to the problem we're having right now. We're continuing to explore all available solutions and I promise we'll work something out eventually but it's trickier than you'd think.
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sh4d0ws
LSx
Registered: 02/26/08
Posts: 12,086
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Re: The store should be updated to accept cryptocurrency... [Re: bodhisatta]
#25878466 - 03/16/19 05:41 PM (5 years, 1 month ago) |
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If they sell it as they accept it, it shouldn't be difficult to ensure they aren't losing a ton of money. If they can sell on an exchange every couple days I think they'd lose the same money (or less) than they would paying merchant fees. Crypto exchanges keep a full history of your transactions and prices you sell at, and you can document the price of the bitcoin at time of payment, so it isn't impossible to figure it out if there's any capital gains or losses.
There is accountants that specialize in crypto taxation now too. It's become common enough.
Maybe it isn't the right option, but figured I'd bring it up again 
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 Ythan
ᕕ( ᐛ )ᕗ
Registered: 08/08/97
Posts: 18,825
Loc: NY/MA/VT Borderlands 
Last seen: 12 minutes, 6 seconds
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Re: The store should be updated to accept cryptocurrency... [Re: sh4d0ws] 1
#25881959 - 03/18/19 01:46 PM (5 years, 1 month ago) |
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You aren't wrong. Crypto payments are not optimal, but we've accepted that they will probably be the way forward for this site. We've all but settled on GloBee as a payment processor. Along with mobile compatibility, this is currently a top priority.
Right now, the holdup is really just me. Unfortunately, real life has been interfering, but I'm committed to re-launching the store in the first half of 2019. In the meantime, if you have special requirements for supporter features like unlimited uploads, please open a support ticket explaining your needs and we may be able to accommodate you. 
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sh4d0ws
LSx
Registered: 02/26/08
Posts: 12,086
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Re: The store should be updated to accept cryptocurrency... [Re: Ythan] 1
#25881960 - 03/18/19 01:48 PM (5 years, 1 month ago) |
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Thanks for the update Ythan, much appreciated!! 
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bodhisatta
Smurf real estate agent
Registered: 04/30/13
Posts: 61,891
Loc: Milky way
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Re: The store should be updated to accept cryptocurrency... [Re: sh4d0ws] 1
#25881969 - 03/18/19 01:54 PM (5 years, 1 month ago) |
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Well that is some great news.
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teladi
FUNKSOULBROTHER
Registered: 06/27/17
Posts: 1,189
Loc: South Africa 
Last seen: 8 months, 7 days
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Re: The store should be updated to accept cryptocurrency... [Re: bodhisatta] 1
#25897336 - 03/26/19 05:26 AM (5 years, 23 days ago) |
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Ythan, any way I can volunteer my time to help out with anything? I have 13 years experience in software development, about 5 of that doing PHP.
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LogicaL Chaos
Ascension Energy & Alien UFOs
Registered: 05/12/07
Posts: 69,940
Loc: The Inexpressible...
Last seen: 15 hours, 7 minutes
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Re: The store should be updated to accept cryptocurrency... [Re: Ythan]
#25913924 - 04/03/19 04:00 PM (5 years, 14 days ago) |
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Sweet. That is great news. We believe in you Ythan 
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sh4d0ws
LSx
Registered: 02/26/08
Posts: 12,086
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Re: The store now accepts crypto [Re: sh4d0ws]
#26467708 - 02/03/20 10:59 PM (4 years, 2 months ago) |
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IT"S HERE!!!
SHROOMERY NOW ACCEPTS CRYPTO
swag.haus
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Asante
Omnicyclion prophet
Registered: 02/06/02
Posts: 87,330
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Re: The store now accepts crypto [Re: sh4d0ws] 1
#26467870 - 02/04/20 03:34 AM (4 years, 2 months ago) |
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 It took some effort but now we got something
--------------------
Omnicyclion.org
higher knowledge starts here
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