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

Post by analog » Wed, Apr 24, 2013, 10:45 PM UTC

vlasta2 wrote: post #75

clueless123 wrote: post #66

Earlier quoted context omitted.

You write: "Would you use a credit card if you had to pay 4% more than if you paid in cash? " That is exactly what happens today on the real world. If you make it convinient for me to use your "credit card", I will use it, and because of that, vendors pay the 4% fee. All paypal needs to do is to make it easy (at non bitcoin vendors for example) for me to spend my bitcoins and I will use it. Vendors will fall in line…

Today, the buyer does not experience the fee. Sellers accept it, because the middle man gives them no other choice. With bitcoins, the middle man has no leverage anymore as the buyer and the seller can interact directly. That was my point.

Post by javert » Thu, Apr 25, 2013, 12:02 AM UTC

draugadrotten wrote: post #64

rsofaer wrote: post #60

Earlier quoted context omitted.

The amount of gold in circulation has never stopped increasing.

Nothing prevents you from creating a "bitcoin-B", "bitcoin-C" and so on. There will be enough bitcoins for everybody. Disclaimer: I believe bitcoins are tulip bulbs.

Post by nly » Thu, Apr 25, 2013, 12:29 AM UTC

codeulike wrote: post #68

rsofaer wrote: post #60

Earlier quoted context omitted.

The amount of gold in circulation has never stopped increasing.

If the bitcoin protocols changed to allow divisions to 9 decimal places instead of 8, would that be viewed as an increase in the money supply, or no change, in traditional economics?

Post by Devilboy » Thu, Apr 25, 2013, 1:40 AM UTC

eurleif wrote: post #91

axusgrad wrote: post #22

Paypal would do very well buying and selling Bitcoins. Buying bitcoins with Paypal is a very common request, which most sellers won't do because Paypal makes it very easy to rip off the seller.

>Buying bitcoins with Paypal is a very common request, which most sellers won't do because Paypal makes it very easy to rip off the seller. Where are you observing that it's a common request? Could it be a common request because it's easy to rip off the seller, in the same way that assistance transferring a dead relative's funds out of Nigeria is a common request?

Post by marblar » Thu, Apr 25, 2013, 4:00 AM UTC

mtgx wrote: post #65

khet wrote: post #54

If Bitcoin does succeed, I don't see a regular person wanting to manage his own wallet and security let alone understand all the complexity that is bitcoin. I see Bitcoin becoming the underlying infrastructure on which companies like Paypal, Square, Banks and other financial institutions trade. If Paypal does invest in adding Bitcoin, it would be right step ahead for Bitcoin and for Paypal.

Wallets are never going to be mainstream the way they work right now, so for most people, online wallets are the way to go - at least until hardware wallets are a common thing, like say in the form of a ring. If that ever catches up, I think it will be the way to go for people who want to have personal wallets.