2014-01-04 SeekingAlpha: Zynga Savings May Be Material To Earnings

empoweoqwj

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Quote from: TraderTimm on January 06, 2014, 10:27:50 AM

I love how everyone overlooks the fact that Zynga's target audience are people who are barely computer literate. "I turn on my pc/laptop, and NSAbook is my homepage". The first sign of trouble is a major disaster. "I have to update FLASH for my games, how do I do that? OMG!"

And yet, somehow, via magic or telepathy, we expect people to just jump on the Bitcoin train - after probably never having heard of it ever before. Right. I'm skeptical that their mindless clicking drones have the slightest interest in Bitcoin, or the skills to even acquire any.

Agreed. You have to be braindead to play Zynga games. But hey, its better than Zynga not taking bitcoins right Wink

bryant.coleman

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Quote from: TraderTimm on January 06, 2014, 10:27:50 AM

I love how everyone overlooks the fact that Zynga's target audience are people who are barely computer literate.

90% may not be computer literate. But the remaining 10% will be our target audience. Grin

Rygon

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Quote from: TraderTimm on January 06, 2014, 10:27:50 AM

I love how everyone overlooks the fact that Zynga's target audience are people who are barely computer literate. "I turn on my pc/laptop, and NSAbook is my homepage". The first sign of trouble is a major disaster. "I have to update FLASH for my games, how do I do that? OMG!"

And yet, somehow, via magic or telepathy, we expect people to just jump on the Bitcoin train - after probably never having heard of it ever before. Right. I'm skeptical that their mindless clicking drones have the slightest interest in Bitcoin, or the skills to even acquire any.

Agree, the Venn Diagram of Bitcoin users and Zynga players has very little overlap. But Bitcoin is perfect for companies like Zynga for decreasing payment processing fees and eliminating charge backs on relatively small payments.

n8rwJeTt8TrrLKPa55eU

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Quote from: TraderTimm on January 06, 2014, 10:27:50 AM

I love how everyone overlooks the fact that Zynga's target audience are people who are barely computer literate. "I turn on my pc/laptop, and NSAbook is my homepage". The first sign of trouble is a major disaster. "I have to update FLASH for my games, how do I do that? OMG!"

And yet, somehow, via magic or telepathy, we expect people to just jump on the Bitcoin train - after probably never having heard of it ever before. Right. I'm skeptical that their mindless clicking drones have the slightest interest in Bitcoin, or the skills to even acquire any.

I agree with you TT that, as with the WordPress and Baidu announcements, this might not turn out to be material in terms of transaction volume or consumer Bitcoin adoption. But it's a very important milestone in order to keep the PR momentum going, and lessen the fear of Bitcoin adoption in other future retailers & service providers. It's one more talking point for our arsenal, one more bullet point in our slide deck, with a fairly big name that's likely to be recognized by most people in the tech sphere.

TraderTimm

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I love how everyone overlooks the fact that Zynga's target audience are people who are barely computer literate. "I turn on my pc/laptop, and NSAbook is my homepage". The first sign of trouble is a major disaster. "I have to update FLASH for my games, how do I do that? OMG!"

And yet, somehow, via magic or telepathy, we expect people to just jump on the Bitcoin train - after probably never having heard of it ever before. Right. I'm skeptical that their mindless clicking drones have the slightest interest in Bitcoin, or the skills to even acquire any.

bryant.coleman

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Quote from: GnB on January 06, 2014, 07:12:52 AM

Isn't Bitpays fee 5% (?)

I've signed up for it just to see what it's like for a potential retailer in Australia and it charged $105 in BTC for a $100 QR code, are Zynga getting a special deal or sum shit?

Bitpay does not charge that much of a premium. Probably the merchant or retailer added 4.8% extra charges for processing BTC transactions.

nastybit

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Here you have the Bitpay pricing, I can't see 5% anywhere
https://bitpay.com/pricing
Maybe they take a bit from the exchange rate?

empoweoqwj

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Quote from: GnB on January 06, 2014, 07:12:52 AM

Isn't Bitpays fee 5% (?)

I've signed up for it just to see what it's like for a potential retailer in Australia and it charged $105 in BTC for a $100 QR code, are Zynga getting a special deal or sum shit?

5% is a crime if that is true. Negates the benefits of bitcoin

GnB

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Isn't Bitpays fee 5% (?)

I've signed up for it just to see what it's like for a potential retailer in Australia and it charged $105 in BTC for a $100 QR code, are Zynga getting a special deal or sum shit?

Tirapon

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Quote from: oooo on January 06, 2014, 06:10:35 AM

Quote from: LiteCoinGuy on January 05, 2014, 03:51:32 PM

cost savings of approximately 99.87%.

End-users still have to somehow obtain bitcoins. In a way, Zygna passed on those costs to the end-users. Granted, exchange fees aren't too bad (e.g. Mt.Gox is currently 0.3975% per transaction), and is still much better than PayPal's 8.9%, but if we're going to do the math, let's take the end-user fees into account as well.

Some of us already have Bitcoins, we just need more ways to spend them.

oooo

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Quote from: LiteCoinGuy on January 05, 2014, 03:51:32 PM

cost savings of approximately 99.87%.

End-users still have to somehow obtain bitcoins. In a way, Zygna passed on those costs to the end-users. Granted, exchange fees aren't too bad (e.g. Mt.Gox is currently 0.3975% per transaction), and is still much better than PayPal's 8.9%, but if we're going to do the math, let's take the end-user fees into account as well.

empoweoqwj

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Quote from: LiteCoinGuy on January 06, 2014, 05:14:58 AM

Quote from: bryant.coleman on January 06, 2014, 03:45:28 AM

Quote from: LiteCoinGuy on January 05, 2014, 03:51:32 PM

cost savings of approximately 99.87%.

unbelivable but true Grin

!

We should spread this news as far as we can. With such insane margins, it is only a matter of time before other online giants such as Amazon starts to accept BTC!

yep, pretty nice savings. i guess we are at a stage where the hole cryptostuff spreads "itself", not like 2012.

Yeah - its gone way past viral now ..... what's the word for that? Wink

LiteCoinGuy

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Quote from: bryant.coleman on January 06, 2014, 03:45:28 AM

Quote from: LiteCoinGuy on January 05, 2014, 03:51:32 PM

cost savings of approximately 99.87%.

unbelivable but true Grin

!

We should spread this news as far as we can. With such insane margins, it is only a matter of time before other online giants such as Amazon starts to accept BTC!

yep, pretty nice savings. i guess we are at a stage where the hole cryptostuff spreads "itself", not like 2012.

bryant.coleman

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Quote from: LiteCoinGuy on January 05, 2014, 03:51:32 PM

cost savings of approximately 99.87%.

unbelivable but true Grin

!

We should spread this news as far as we can. With such insane margins, it is only a matter of time before other online giants such as Amazon starts to accept BTC!

empoweoqwj

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Quote from: nastybit on January 05, 2014, 06:42:33 PM

Very good news. Has this been already confirmed from Zynga?
Is it live already? I would use it, too bad their games are so lame

Yes absolutely.

But agreed, the games are sooooo bad Wink

laris2

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Quote from: LiteCoinGuy on January 05, 2014, 03:51:32 PM

cost savings of approximately 99.87%.

unbelivable but true Grin

!

Sounds really unbelievable, but considering this is Zynga. It could be true?

nastybit

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Very good news. Has this been already confirmed from Zynga?
Is it live already? I would use it, too bad their games are so lame

BitChick

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Quote from: marcus_of_augustus on January 05, 2014, 04:48:00 PM

yeah but ... how long until 100% of Zynga users (payees) are bitcon enabled?

not this profit cycle at least...

Hopefully they can offer some savings incentives for those that use BTC.

marcus_of_augustus

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Eadem mutata resurgo

yeah but ... how long until 100% of Zynga users (payees) are bitcon enabled?

not this profit cycle at least...

LiteCoinGuy

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In Satoshi I Trust

cost savings of approximately 99.87%.

unbelivable but true Grin

!

Topic: 2014-01-04 SeekingAlpha: Zynga Savings May Be Material To Earnings (Read 1647 times)