BitHalo : "PayPal and Western Union: You’ve Been Warned"

WhalingWhales

full member

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Quote from: Guido on January 12, 2015, 08:58:24 AM

I like this, great name too
are they planning on adding more cryptos?

Bitcoin, Bitbay and Blackcoin so far from what i know but i am sure there will be others in future take a look at the wallet https://bitcointalk.org/index.php?topic=890531.840;topicseen

David gives the link to the wallet at 11:11 i wont give link to wallet for obvious reasons, but it is super looking and very safe wallet also you could ask any questions you have to him personally.

Guido

legendary

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Merit: 1001

I like this, great name too
are they planning on adding more cryptos?

doof

hero member

Activity: 765

Merit: 503

I really dont get these broad "smart contract" statements...

From the article

Quote

The real world applications of this technology become staggering when you consider that some Smart Contracts can be programmed to arise in the future, based on a trigger, such as the passing of a relative. Such a contract would then come into existence and act as a will or trust.

Tell me how you can proove, without doubt, that my Grandma (bless) has passed away? Without a 3rd party?

Madness

hero member

Activity: 644

Merit: 500

My goal is becaming a billionaire.

Quote from: BTCreward on January 11, 2015, 05:09:48 PM

Quote from: Madness on January 11, 2015, 06:11:47 AM

Quote from: Eastwind on January 11, 2015, 04:25:52 AM

Paypal can integrate with BTC, so it is not a threat to Paypal.

I don't agree on this point to be honest , Bitcoin is self is a threat for Paypal , people keep leaving Paypal and joining Bitcoin world just because of that Chargebacks bullshit & getting Limited accounts with no good reason Roll Eyes

I am not so sure about this. Paypal has name recognition that bitcoin does not have. Granted they do have massive amounts of issues/problems however buyers have confidence that they are protected when they use paypal.

That's the problem , It protect the buyer and the "scammer" so they can basically chargeback whenever they wants to .. It was 45 days now it's up to 180 days (even worst to be honest )

WhalingWhales

full member

Activity: 168

Merit: 100

BitHalo is very good tech and i for one am up for the change it should hopefully bring , will it change majority of Bitcoin holders or compete with Paypal etc probably not it's almost like people like being scammed and cheated while paying fee's Shocked

old dog and new tricks and all that.

Well done Daved Zimbeck though good luck to him and Halo

BTCreward

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Activity: 574

Merit: 100

Quote from: Madness on January 11, 2015, 06:11:47 AM

Quote from: Eastwind on January 11, 2015, 04:25:52 AM

Paypal can integrate with BTC, so it is not a threat to Paypal.

I don't agree on this point to be honest , Bitcoin is self is a threat for Paypal , people keep leaving Paypal and joining Bitcoin world just because of that Chargebacks bullshit & getting Limited accounts with no good reason Roll Eyes

I am not so sure about this. Paypal has name recognition that bitcoin does not have. Granted they do have massive amounts of issues/problems however buyers have confidence that they are protected when they use paypal.

Madness

hero member

Activity: 644

Merit: 500

My goal is becaming a billionaire.

Quote from: Daniel91 on January 11, 2015, 09:12:26 AM

Quote from: Madness on January 11, 2015, 06:11:47 AM

Quote from: Eastwind on January 11, 2015, 04:25:52 AM

Paypal can integrate with BTC, so it is not a threat to Paypal.

I don't agree on this point to be honest , Bitcoin is self is a threat for Paypal , people keep leaving Paypal and joining Bitcoin world just because of that Chargebacks bullshit & getting Limited accounts with no good reason Roll Eyes

I'm not sure if this is true.
From business viewpoint, if you offer just BTC as payment, you will not attract many buyers.
Paypal is still ''must have'' payment option and mainstream.
BTC is still not close to this status.
Hopefully, this will change over time and BTC will replace paypal eventually, but I don't think that this will happened any rime soon.
At this moment, bTC is not a threat for Paypal.

Now I agree on some points Grin

I can understand that Paypal is a must have payment method which should be or it is basically on every online shop over the Internet . but I would say that Paypal is only more famous then BTC because it came first and it's open since 1999 .

& yeah .. BTC will replace paypal for sure even if it's not soon. Paypal keep screwing up with new policies each time like their last policy of Buyer protection "180 days" ... Like what the hell ? I will use the Digital goods for 179 days then "oh ok let's chargeback" . c"mon

Flashman

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Activity: 518

Merit: 500

Hodl!

Quote from: BTCreward on January 11, 2015, 12:09:21 AM

CCN is probably the least reputable news source out there. I would not rely on them.

There's a couple of good contributors, and it's worth a scan over when doing the rounds, but yah, they seem to get paid and agenda-ist articles quite a lot.

Daniel91

legendary

Activity: 3374

Merit: 1824

Quote from: Madness on January 11, 2015, 06:11:47 AM

Quote from: Eastwind on January 11, 2015, 04:25:52 AM

Paypal can integrate with BTC, so it is not a threat to Paypal.

I don't agree on this point to be honest , Bitcoin is self is a threat for Paypal , people keep leaving Paypal and joining Bitcoin world just because of that Chargebacks bullshit & getting Limited accounts with no good reason Roll Eyes

I'm not sure if this is true.
From business viewpoint, if you offer just BTC as payment, you will not attract many buyers.
Paypal is still ''must have'' payment option and mainstream.
BTC is still not close to this status.
Hopefully, this will change over time and BTC will replace paypal eventually, but I don't think that this will happened any rime soon.
At this moment, bTC is not a threat for Paypal.

Madness

hero member

Activity: 644

Merit: 500

My goal is becaming a billionaire.

Quote from: Eastwind on January 11, 2015, 04:25:52 AM

Paypal can integrate with BTC, so it is not a threat to Paypal.

I don't agree on this point to be honest , Bitcoin is self is a threat for Paypal , people keep leaving Paypal and joining Bitcoin world just because of that Chargebacks bullshit & getting Limited accounts with no good reason Roll Eyes

bitbaby

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Activity: 812

Merit: 1000

'Smart Contracts', How exactly do these work? If a technology can provide ways of securing a transaction without using escrow, it can defo increase the amount of trade with Bitcoin.

Eastwind

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Activity: 896

Merit: 1000

Paypal can integrate with BTC, so it is not a threat to Paypal.

BTCreward

full member

Activity: 574

Merit: 100

Quote from: Madness on January 10, 2015, 02:31:26 PM

"BitHalo allows parties to create actual binding agreements peer to peer without the hassle or risk of involving a 3rd party. It solves enforcement for most, if not all, types of contracts VIA both parties sharing an equal risk. This software removes profitability from theft or fraud and allows anyone anywhere to trust a stranger."

From what I understood it's like emailing Bitcoins instead of money if I'am correct . Found it like a nice idea to be honest
What do you guys think about it ?

More informations can be found here : https://www.cryptocoinsnews.com/bithalo-releases-version-2-1-compete-head-paypal-western-union/

CCN is probably the least reputable news source out there. I would not rely on them.

The only application in which that would work would be when two users are trading two crypto currencies (for example bitcoin and litecoin). It would not work with fiat because it would be impossible for the smart contract to know if fiat was actually received

Q7

sr. member

Activity: 448

Merit: 250

Nice concept and idea. If it can work something like an escrow service without requiring 3rd party involvement and additional fees, then it should be fine.

princesocapuyo

full member

Activity: 238

Merit: 100

Presale is live!

Hmm did someone say blackcoin?
The idea is really good, but it bothers me when people market it like it was a solution to absutely all problems with exchance. The seller could easily lose btc if the buyer disappears without signing the contract. It's a good step in the right direction though.

Madness

hero member

Activity: 644

Merit: 500

My goal is becaming a billionaire.

"BitHalo allows parties to create actual binding agreements peer to peer without the hassle or risk of involving a 3rd party. It solves enforcement for most, if not all, types of contracts VIA both parties sharing an equal risk. This software removes profitability from theft or fraud and allows anyone anywhere to trust a stranger."

From what I understood it's like emailing Bitcoins instead of money if I'am correct . Found it like a nice idea to be honest
What do you guys think about it ?

More informations can be found here : https://www.cryptocoinsnews.com/bithalo-releases-version-2-1-compete-head-paypal-western-union/

Topic: BitHalo : "PayPal and Western Union: You’ve Been Warned" (Read 1355 times)