I expect this news alone will make Bitcoin go up $30 - $40 today.
Paypal President: We're thinking about adding Bitcoin (2:50) [video]
11–20 of 124 posts
Re: Paypal President: We're thinking about adding Bitcoin (2:50) [video]
#12The main line: "So I've been spending a lot of time looking at it. It's truly fascinating, actually, the way the currency's been designed and the way inflation is built-in to pay for miners and all that, it's truly fascinating. And I think, for us at PayPapl, it's just a question of whether Bitcoin will make its way to PayPal's funding instrument or not, and we're kind of thinking about it right now."
inflation? I think he means DEflation
Re: Paypal President: We're thinking about adding Bitcoin (2:50) [video]
#13Doubtful. I expect this is a tactical marketing play to associate themselves with the current hipness of Bitcoin.
PayPal seems to have justly earned their reputation for frustrating many developers. Having said that, this is a new President and he has done nothing but say the right things since coming in. They've also realized major improvements to their API's/Docs etc. I'm not saying it's kumbaya time just yet. But I do think some reciprocal open mindedness from the developer community is appropriate to encourage further advancements in PayPal's approach to the web dev world. At least until we see that the leopards spots are no different.
Re: Paypal President: We're thinking about adding Bitcoin (2:50) [video]
#14Can't click this link right now. Abbreviated transcript please? It's weird to see Paypal and Bitcoin in one sentence on the domain bloomberg.com... Bloomberg is one of the biggest financial companies and entirely against Bitcoin. I can't rhyme this; what are they saying about it?
He say's: Bitcoin is truly fascinating. For us at PayPal it's just a question of whether bitcoin will make its way to PayPal as a funding instrument or not, and we are kind of thinking about it.
Re: Paypal President: We're thinking about adding Bitcoin (2:50) [video]
#15that's so garbage, I remember back in the early days, they were closing down accounts used in bitcoin exchanges. Getting money into bitcoin exchanges was a huge problem. Besides, with bitcoin, why use paypal? Is paypal going go try to act as an exchange between btc and usd?
Instead of Coinbase being the Paypal for Bitcoin...Paypal could be the Paypal for Bitcoin.
Re: Paypal President: We're thinking about adding Bitcoin (2:50) [video]
#16I expect this news alone will make Bitcoin go up $30 - $40 today.
A stiff breeze makes Bitcoin go up (or down) $30-40.
Re: Paypal President: We're thinking about adding Bitcoin (2:50) [video]
#17Doubtful. I expect this is a tactical marketing play to associate themselves with the current hipness of Bitcoin.
I disagree: If they had no interest in integrating with bitcoin, the smart move for paypal would be to just spread FUD about bitcoins at every opportunity.
Re: Paypal President: We're thinking about adding Bitcoin (2:50) [video]
#18The main line: "So I've been spending a lot of time looking at it. It's truly fascinating, actually, the way the currency's been designed and the way inflation is built-in to pay for miners and all that, it's truly fascinating. And I think, for us at PayPapl, it's just a question of whether Bitcoin will make its way to PayPal's funding instrument or not, and we're kind of thinking about it right now."
inflation? I think he means DEflation
Bitcoin has inflation in the short term but deflation in the long term. Right now more bitcoins are still being generated, so I think the term "inflation" makes sense.
Re: Paypal President: We're thinking about adding Bitcoin (2:50) [video]
#19The main line: "So I've been spending a lot of time looking at it. It's truly fascinating, actually, the way the currency's been designed and the way inflation is built-in to pay for miners and all that, it's truly fascinating. And I think, for us at PayPapl, it's just a question of whether Bitcoin will make its way to PayPal's funding instrument or not, and we're kind of thinking about it right now."
inflation? I think he means DEflation
Not for the next 127 years.
Re: Paypal President: We're thinking about adding Bitcoin (2:50) [video]
#20Doubtful. I expect this is a tactical marketing play to associate themselves with the current hipness of Bitcoin.
PayPal seems to have justly earned their reputation for frustrating many developers. Having said that, this is a new President and he has done nothing but say the right things since coming in. They've also realized major improvements to their API's/Docs etc. I'm not saying it's kumbaya time just yet. But I do think some reciprocal open mindedness from the developer community is appropriate to encourage further advanc…
Realized major improvements is a bit of an over-statement. They've made some new APIs available to US developers while completing sabotaging their existing developer toolset and sandbox environments to the point that they're almost unusable.
I could forgive this if their support seemed even remotely cognizant of these changes, but every time I get in touch with them it's like they're hearing about it for the first time.