How This Decentralized Alternative to BitPay Is Driving Merchant Adoption of Bitcoin

Siamak Masnavi

BTCPay Server is an open source Bitcoin payment processing solution, created by French computer programmer Nicolas Dorier, that is promoted as a decentralized alternative to using BitPay. In a recent interview, Dorier talked about how he got into Bitcoin, the motivation behind BTCPay Server, and the current state of BTCPay Server.

Dorier was interviewed on the most recent episode of the Stephan Livera Podcast (SLP48, released on January 20th). In this article, we highlight some of the most interesting parts of this interview.

How Nicolas Dorier Got Into Bitcoin

"What Drew me into Bitcoin was basically Mt. Gox... I was very surprised that Bitcoin was not dead after this. I didn't know what Bitcoin was... but because it was still living... I got curious about it."

What Got Him Working on Bitcoin

"Because once you discover Bitcoin, everything [else] seems boring."

What Motivated You to Create BTCPay Server? What Was Wrong With BitPay?

"I was a pretty big fan of what BitPay was doing. I was using their [Bitcoin wallet] wallet, Copay, which was one of the best wallets on the markets at this time. I was pretty supportive of them. And I was a bit upset when they start pushing the narrative that it was a software upgrade instead of a hard fork and tried to push all their merchants to support this new sxxxcoin [BCH] and telling them that it was Bitcoin... Because Bitcoin is hard to program upon, lots of people end up depending on centralized infrastructure providers like BitPay... and, at the end of the day, if everybody is depending on them, then even if you have a decentralized currency, you are still vulnerable to the kind of attack that Bitcoin is meant to prevent. So, that is why I started working on BTCPay. I wanted to provide an easy to host infrastructure that everyone can run so they don't need those kind of third-party services to run their business."

How Dorier Tried to Make BitPay 'Obsolete'

Before we look at Dorier's answer, it is important to mention that on 18 August 2017, Dorier replied to a tweet by BitPay about getting ready for SegWit activation as follows:

Now, let us hear from Dorier how he tried to keep this promise:

"Well, when this happened, basically, I understood that Bitcoin was in danger if everybody kept depending on centralized services. So, I started developing BTCPay... If you are a merchant and you integrate BitPay, you cannot easily migrate to another solution if you don't have a developer in-house that can help you with this transition... So, my goal was to migrate everybody that I advised BitPay to to [an] open source solution without [any] code change on their side. So, I basically, replicated the API of BitPay inside BTCPay so merchants that are already integrated with BitPay can just seamlessly migrate to BTCPay without any code change to their backend... I won't say [that] I make them completely obsolete yet. So, for example, if you want fiat integration, you still need a payment processor like BitPay, though I will advise... GloBee or CoinPayments or many other [solutions] that have been created..."

Different Ways of Operating BTCPay Server

"Right now, the most popular one is around $9 per month. When I started doing it in [Microsoft] Azure, it was $60 [per month. We managed to find ways to drop it less than $10 per month., and it's really [a] very simple wizard. You create an account on LunaNode... Then, you just have to go to a certain page [where] there is a sort of wizard that you can follow... in 10 minutes, you already have your BTCPay that is running. I think I can drop it to $4 [per month] with the new offer that LunaNode released recently, but I still need to make some tests around this. Also, there are some people that are trying to push self-hosting at home... So, basically, you put BTCPay Server on a Raspberry Pi... If you do this, it's more technical, but you can drop the price to $1 or $2 per month, basically the cost of electricity that it takes to run the Raspberry Pi."

Deciding Whether to Self-Host BTCPay Server or Use a Crypto Payment Processor Like GloBee?

"The other options are possible depending on where you live, depending on [your] jurisdiction, and depending on your political inclinations. So, if you are Gab, GloBee or CoinPayments or anything else will eventually get shut down. For people that are not politically targeted, they can be good solutions, but because of the fact that you don't control you own key, what you can do with those payment processors is way more restricted. So, for example, BTCPay Server is not only useful for merchants; actually, it is a very good wallet."

TRON’s Justin Sun Giving Away $1.2 Million for UBI, 50,000 TRX to Telegram Group

Michael LaVere
  • TRON's Justin Sun is supporting US presidential candidate Andrew Yang's UBI by giving $1.2 million to 100 people in 2020.
  • Sun and the TRON Foundation also announced a 50,000 TRX ($75K) giveaway through the official TRON telegram group.

TRON founder Justin Sun has announced that he will be giving away $1.2 million to 100 people next year to support U.S. presidential hopeful Andrew Yang’s universal basic income (UBI) program, in addition to kicking off a 50,000 TRX ($75K) giveaway for users of the cryptocurrency’s Telegram group. 

Sun Supporting Andrew Yang’s UBI

Sun, who paid $4.6 million earlier in the year to host a charity lunch with Warren Buffett, has now pledged to give $1.2 million to 100 people in 2020. TRON's founder also announced that one of the 100 selected for the giveaway will be invited to his charity lunch, which was originally postponed after Sun came down with kidney stones. 

Sun has asked U.S. presidential candidate Andrew Yang for assistance in the selection process. Yang, who has a background in entrepreneurship, has built his campaign upon the idea of universal basic income (UBI), which would guarantee U.S. citizens a monthly stipend. In addition to championing the idea on the campaign trail, Yang has pledged to distribute $1,000 per month to 10 people for the next year. 

Sun has taken the movement a step forward, by pledging to support 100 people at $1000 per month for the entirety of 2020.

TRX Telegram Giveaway

In addition to promoting UBI and Andrew Yang’s cause, Sun also announced the start of a 50,000 TRX giveaway, worth $75K, for community members using TRON's telegram channel. According to tweets published by Sun and the TRON Foundation on Sept. 16, TRON supporters can gain TRX by joining and inviting others to the coin’s official Telegram group. 

In order to qualify for the promotion, users will need to engage in a conversation with the @TRONEnBot through the telegram application. From there, the TRX payout will be tied to the number of invited users who join the Telegram group. The first and second place prize are worth 5000 and 2500 TRX, respectively, with the remaining 32,500 TRX being split among the rest of users.

Featured Image Credit: Photo via Pixabay.com