General Discussion

Faye Bridge
Faye Bridge
4,879 Points

Treehouse Now Accepts Bitcoin!

We’re excited to announce that as of today we will be accepting Bitcoin via Coinbase as one of our payment options. Woohoo!

As one of the fastest growing payment methods, Bitcoin will give more people across the world the opportunity to learn with Treehouse. Our mission is to bring affordable Technology education to people everywhere, in order to help them achieve their dreams and change the world, and we believe that Bitcoin can help us accomplish that. :)

We've shared a few reasons why we’ve decided to accept the digital currency over on the Treehouse Blog. Check it out and let us know what you think!

4 Answers

Andrew Molloy
Andrew Molloy
36,872 Points

Any chance of a Bitcoin/cryptocurrency Workshop or Deep Dive (presumably for Business section)? :)

James Barnett
James Barnett
39,199 Points

I see one potential flaw with this use case for making a subscription service such as Treehouse available the "unbanked" via Bitcoin

It's that the value of a bitcoin fluctuates by the hour, sometimes wildly. So a salad that cost me $5.95 on Christmas could cost me $35 by Presidents' Day. This is more than I wish to pay.

from: I'm Up on Bitcoins, Even if They're Down

Andrew Molloy
Andrew Molloy
36,872 Points

Isn't it becoming more stable, especially looking at the long trends rather than daily fluctuations? Also this is only relevant for those converting currencies, but if you use BTC without changing currencies then it becomes a moot point. At the moment I'm really feeling the pain of converting dollars to pound sterling. But if I was able to just deal in dollars then my problem of losing value in conversion because of the declining exchange rate wouldn't matter.

James Barnett
James Barnett
39,199 Points

if you use BTC without changing currencies then it becomes a moot point.

Since Treehouse is priced against the dollar and not against Bitcoin, fluxation matters.

Andrew Molloy
Andrew Molloy
36,872 Points

That's why they should make it a fixed rate for each currency. It's what places like Adobe etc do no matter what the exchange rate is between the currencies.

James Barnett
James Barnett
39,199 Points

Adobe doesn't price goods in Bitcoin only fiat currencies as they are much more stable and therefore less of a business risk than cryptocurrencies such as Bitcoin. As far as I can tell no company does prices goods/services in Bitcoin because volatility in the exchange rates.

Andrew Molloy
Andrew Molloy
36,872 Points

No but they use a fixed rate even though the exchange rates can be off by a large percentage (50%+). I know BTC isn't quite stable yet but it's probably more stable than that difference now.