Update August 2021
What is Bitcoin?
Bitcoin is a payment system invented by Satoshi Nakamoto in 2008. The system is peer-to-peer; users can transact directly without needing an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain.
The system works without a central repository or single administrator, which has led the US Treasury to categorize it as a decentralized virtual currency. Bitcoin is often described as the first decentralized digital currency, and is the largest of its kind in terms of total market value.
What happens if there is a problem? Bitcoin transactions can not be disputed!
It's true that you cannot dispute a charge when paying with bitcoin, but we have been in business for 11 years, and are not in the habit of disappointing our customers. If there is any problems with your order, and a refund is what's required, we will send you back your bitcoins.
What do you do with the bitcoins you collect?
The bitcoin movement is great, and we want to support it the best way we can. Because of this our general policy is to hold onto bitcoins and try to pay for things related to our business with bitcoins. This is not always possible, and occasionally we do exchange some for USD.