Also, for something revocable like a domain name, there's nothing preventing Namecheap from giving you the domain name immediately, and then revoking your access to it later if the transaction ultimately fails.
Not according to shiftpgdn:
> NameCheap actually doesn't have the capacity to revoke domains as they're an eNom reseller. Enom's policy is that once you buy a domain, it's yours. With domains sales being such a low margin business I can understand their level of caution.
It only takes about 10 minutes for a new registration to go live with most registrars. If you set your DNS servers during the purchase and have the zones ready from the get-go, your domain is resolving on the web immediately.
I love that over time people start coming up with solutions to the same damn problems that other payment schemes have already come up with, and that last week they were saying were evil because someone else was doing it.
It's not unique to bitcoin, you see it in all sorts of places, it is funny though.
The barrier to entry in the payment card industry is simply too high to allow much competition. Entering the business of bitcoin payment processing has an extremely low barrier to entry; all the hard stuff has been done already!
