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[Rq. for comments] Bitcoin as possible payment and/or withdrawal method

Dear community!

I'd like to discuss a need and a possibility of adding Bitcoin (BTC) as payment and/or withdrawal method on oDesk.

While there are understandable troubles for setting these methods, there are also very clear reasons to make them available:

  • Bitcoin is fast. Payments done in BTC do not require 6-day security period. At largest there would be approx. 1-hour delay on deposit from client and 1-hour delay on withdrawal to contractor.
  • Bitcoin is cheap. There would be no more 3-5% PayPal's fee, how-many-percent? Payoneer's fee, local banks'
    burglarious conversion rates for those of us who live outside of US. Just oDesk's fee plus 0.0005 BTC transaction fee at max.
  • Bitcoin is convenient. It's much faster and cheaper (again) to get domestic cash money when paid in bitcoins, than to try to withdraw money from PayPal to non-US bank account.
  • And last but not least, bitcoin is secure. Nuff said here, you all know that.

As I see it, BTC payments should be an option, and both client and contractor should agree on using it (just to put currency volatility questions off of oDesk).

If you ask me: "Do you want as freelancer to get payments in bitcoins?", I will answer: "I'd LOVE it. That's why I am writing this".

That's all. If you have somewhat to tell, please do it Smile
P.S. Excuse my English please, I'm not a native speaker.

Vote Result

+++++++++-
Score: 9.1, Votes: 29
Would love to see bitcoin

Would love to see bitcoin withdrawal option.

I have doubts

Of course this would be great but I doubt that odesk is strong enough right now to push up against the financial establishment.

I agree

there is no other choice but bitcoin, the financial establishment is forced to change. They are behind our times. I am really optimistic when I think about Bitcoin.

Dear ODesk,I want to get

Dear ODesk,
I want to get paid with Bitcoins. If this is currently not possible, can you give me a date on when this can happen? I have been working with ODesk for a year now, and I am not too happy with the U.S. dollar or any fiat currency. I am asking this same question of elance, and if they can pay me in Bitcoins, I think I am moving my account over to them. I did not get my only client from you, he was already a client when we decided to use your facailities for management and payment.

Being an internet company, there is no excuse for not being able to pay in Bitcoins at this point. There are so many ways to convert from any one currency to Bitcoins now. Bitpay.com is just one of the companies that do conversions. You can also get a lot of publicity by simply announcing that you are now accepting and paying out in Bitcoins.

Sincerely,
--Carlos C Tapang

ODesk, please let us know when this can happen

Dear ODesk,
I want to get paid with Bitcoins. If this is currently not possible, can you give me a date on when this can happen? I have been working with ODesk for a year now, and I am not too happy with the U.S. dollar or any fiat currency. I am asking this same question of elance, and if they can pay me in Bitcoins, I think I am moving my account over to them. I did not get my only client from you, he was already a client when we decided to use your facailities for management and payment.

Being an internet company, there is no excuse for not being able to pay in Bitcoins at this point. There are so many ways to convert from any one currency to Bitcoins now. Bitpay.com is just one of the companies that do conversions. You can also get a lot of publicity by simply announcing that you are now accepting and paying out in Bitcoins.

Sincerely,
--Carlos C Tapang

This is a good idea,The

This is a good idea,
The withdrawals can save a lot by fee
Wire transfers and dollar conversion is expensive in other currencies and takes long time.

This is a good idea. Wire

This is a good idea. Wire transfer currency exchange requires a large amount of fee and take a long time. BITCOIN almost free. Should have this option. Some places can not use the PAYAPL Collection and payment, BITCOIN is the good substitute.

oDesk is great. The only

oDesk is great. The only problem is with the delay in funds transfer. I hope someone from oDesk team can explain us why Bitcoins are not being implemented.

Accept bitcoin before your competitors do

It would help you attract contractors/recruiters unable to use credit cards or bank accounts around the world. oDesk would have lower payment processing fees and no chargebacks.

Check out weusecoins.com and bitcoin.org

With services like bitpay.com or coinbase.com, oDesk can accept Bitcoin without ever touching bitcoin and just getting paid in USD/GBP directly.

Smaller oDesk competitors are using bitcoin to replicate odesk without any of the regulatory overhead. They can offer better rates:

http://bitgigs.com/
http://bittask.com/
http://forbitcoin.com/

The first major freelancing website that accepts bitcoin will get my business.

Are they paying you enough for your abrasive trolling?

Mark R. wrote:

The first major freelancing website that accepts bitcoin will get my business.

Why? Are bitcoin not paying you enough to try and promote their questionable "money?"

I have no desire to see a fairly anonymous payment method here, for the simple reason that if something goes wrong people need to be able to identify the client / contractor.

You clearly only came her to promote bitcoin. Troll some other forum, please, and while you're looking for one maybe you want to have a long hard think about WHY the major, reputable freelance sites are staying WELL clear of the stuff.

neophyte

Petra R. wrote:

Why? Are bitcoin not paying you enough to try and promote their questionable "money?"

Bitcoin is not a company nor a central authority. There is nobody to give me money. It's just a transaction protocol. It's like saying FTP or HTTPS is paying me to promote it...

Petra R. wrote:

I have no desire to see a fairly anonymous payment method here, for the simple reason that if something goes wrong people need to be able to identify the client / contractor.

That's your preference, and if you prefer not to have contractors that accept bitcoins then oDesk should give you the option. However, you will be cutting yourself off from a large pool of workers from third world countries that can accept bitcoin but are unable to use bank accounts. It will also either reduce your costs due to lower bitcoin fees, or increase oDesk profits. oDesk can always request identification requirements too.

Petra R. wrote:

You clearly only came her to promote bitcoin. Troll some other forum, please, and while you're looking for one maybe you want to have a long hard think about WHY the major, reputable freelance sites are staying WELL clear of the stuff.

I'm a long time user of oDesk. I prefer payment choice and lower fees, you obviously don't.

In any case, oDesk might eventually accept bitcoin by proxy once Paypal adopts it.

Don't hold your breath

Wall Street Journal

And I quote:

Quote:
What can you buy with Bitcoin?
A growing list of online merchants is accepting them, including the content-aggregation site Reddit.com and dating site OKCupid.com. Some bricks-and-mortar businesses are taking them, too. You can also use them as form of currency to pay people for goods and services. The relative anonymity of Bitcoin has attracted criminal elements to the system, say some experts

That's all we need in the mix There are not enough problems already. Besides, the use of BitCoins is fairly limited currently and with a cap of 21 million and half gone...well you can see the problem there.

Not really

Doreen M. wrote:
Wall Street Journal

Just use Google and you will hundreds of other articles that are positive about bitcoin.

Doreen M. wrote:

That's all we need in the mix There are not enough problems already.

IF you don't want to use them, than that's your choice. Giving people around the world (especially those unable to get credit cards or bank accounts) the option to accept or pay for services is a good thing. Bitcoin provides this. You might not care, but others do.

Doreen M. wrote:

Besides, the use of BitCoins is fairly limited currently

It still fulfills its function perfectly well.

Doreen M. wrote:

and with a cap of 21 million and half gone...well you can see the problem there.

This comment shows you have little understanding of economics or monetary systems, but it's understandable from a layman. See https://en.bitcoin.it/wiki/Myths#21_million_coins_isn.27t_enough.3B_doesn.27t_scale for details.

Umm no

Ummm, actually I have an excellent understanding of economics and monetary systems but that's neither here nor there.

I was going to put some other stuff in here but changed my mind. You go ahead back to your la la land where the birds are singing and the flowers growing and where Bitcoins are a good idea. I'll stick with real money thanks

Fiat currency

Doreen M. wrote:
Ummm, actually I have an excellent understanding of economics and monetary systems but that's neither here nor there.

And why isn't it? Indulge us.

Doreen M. wrote:

I was going to put some other stuff in here but changed my mind.

"I was going to put some other stuff in here but then realized I had nothing to add."

There changed that for you.

Doreen M. wrote:

You go ahead back to your la la land where the birds are singing and the flowers growing and where Bitcoins are a good idea. I'll stick with real money thanks

Real money? You mean like every other fiat currency which has eventually failed? You mean like the USD currency which is being inflated into nothingness? I'm wondering who lives in lala land.

I Want this!

This would be very useful and it should definitively needs to be their as an option for people who want to use this. I want to make the transaction via oDesk, however this simply makes it more difficult for many people outside the U.S.

:D

Thumbs up ! Smile

I agree

I am a really big fan of bitcoin, in fact I like any kind of "paypal" alternative but to be honest there is really something magical about Bitcoin.

Bitcoin is the payment system of the future this is because all our money still needs to run in the banking system and this has quite some delays, this is why paypal is a disaster and other services that have the idea of digital currency are far ahead of paypal.

The problem is that paypal is old and everyone likes to use it so it will take some political change or sume consumer driven change to turn things around but consumer driven change will take years and years... but yes I think that bitoin is really the future of currency

Bitcoin, please

I too would jump at the chance to be paid in Bitcoin.

Like so many others, I am disconnecting from US dollars and assets as quickly as possible because they have become a liability. As I've already informed my clients - who seem to agree; no issues at all - I will no longer accept US$ as payment as of 2014, apart from oDesk (still a decent supplementary income, doomed currency notwithstanding).

Oh, Bitcoin, please... I suppose I'd best not hold my breath.

..> a wild copywriter appears.
..> the Internets are kind to you!
.?> _

I'm a Programmer and i like to get paid in bitcoin

Alexander P. wrote:
Dear community!

I'd like to discuss a need and a possibility of adding Bitcoin (BTC) as payment and/or withdrawal method on oDesk.

While there are understandable troubles for setting these methods, there are also very clear reasons to make them available:

  • Bitcoin is fast. Payments done in BTC do not require 6-day security period. At largest there would be approx. 1-hour delay on deposit from client and 1-hour delay on withdrawal to contractor.
  • Bitcoin is cheap. There would be no more 3-5% PayPal's fee, how-many-percent? Payoneer's fee, local banks'
    burglarious conversion rates for those of us who live outside of US. Just oDesk's fee plus 0.0005 BTC transaction fee at max.
  • Bitcoin is convenient. It's much faster and cheaper (again) to get domestic cash money when paid in bitcoins, than to try to withdraw money from PayPal to non-US bank account.
  • And last but not least, bitcoin is secure. Nuff said here, you all know that.

As I see it, BTC payments should be an option, and both client and contractor should agree on using it (just to put currency volatility questions off of oDesk).

If you ask me: "Do you want as freelancer to get payments in bitcoins?", I will answer: "I'd LOVE it. That's why I am writing this".

That's all. If you have somewhat to tell, please do it Smile
P.S. Excuse my English please, I'm not a native speaker.

With the current demand for bitcoin I think it's time for odesk to start adding bitcoin as a payment option. There are large numbers of bitcoin holder and they have limited option in spending them. It would be great if odesk can help us attract those loyal customer's .

Bitcoin is practically

Bitcoin is practically outlawed in Russia. So, it's a big no for me.