Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Paypal President: We're thinking about adding Bitcoin (2:50) [video]

bloomberg.com

Post reply on HN
Print view View original

21–30 of 124 posts

Re: Paypal President: We're thinking about adding Bitcoin (2:50) [video]

#23

Post by threeseed »

drcode wrote: post #17
chiph wrote: post #7

Doubtful. 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.

I disagree: If they did spread FUD they would be widely considered to be out of touch by the IT crowd. The same crowd they need to be incorporating the Paypal APIs into their apps.

Re: Paypal President: We're thinking about adding Bitcoin (2:50) [video]

#24

Post by mckoss »

lingben wrote: post #12
tonez wrote: post #10

The 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

In 8 years (by 2021) 90% of Bitcoins will have been issued. Strictly speaking, the supply is inflating continuously, though it is unlikely to ever be growing faster than future demand (we seem to have past that point within the last year). The only reason economists would call Bitcoin deflationary is the presumption of constantly growing demand.

Re: Paypal President: We're thinking about adding Bitcoin (2:50) [video]

#25

Post by obviouslygreen »

threeseed wrote: post #23
drcode wrote: post #17

Earlier quoted context omitted.

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.

I disagree: If they did spread FUD they would be widely considered to be out of touch by the IT crowd. The same crowd they need to be incorporating the Paypal APIs into their apps.

PayPal already is considered out of touch by the IT crowd (and many other crowds that are actually involved in the selling or payment gateway integration end of things beyond "put this HTML on your page and use the Buy Now button").

It's still widely used because everyone knows about them and they're well-established. It's often hard to talk clients out of using PayPal because the barrier to entry for setting up an account is so low, despite the arbitrary terms and the relatively high fees and limits.

This could potentially be a bid to impress the IT crowd, which would be a good move for them if they actually follow through (it certainly won't affect my view of them, but that hardly means anything).

Post reply on HN