BitPay laid off nine employees yesterday.

Eamorr

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Quote from: cisahasa on January 13, 2015, 05:47:01 PM

Quote from: inca on January 12, 2015, 06:31:48 AM

Has this source been corroborated or is it just a dodge website?

This is not a ripple forum.

no, but people should be informed scams like ripple or peercoin

Ripple is a scam?

Ripple Labs have been very active for many months now and have written millions of lines of high quality code (https://github.com/ripple). They also have quite a few high profile investors (e.g. Google Ventures) on board (see: https://www.ripplelabs.com/investors/)

Whatever about taking on Bitcoin; creating the lingua Franca for currency is a huge undertaking.

Calling this demonstrable effort a "scam" just shows how little you know. For people like you, Bitcoin is a religion.

Melbustus

legendary

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Startups have to lay people off sometimes.

Anyone remember tech in 2001?

Here's Amazon laying off 1300 people in early 2001: http://www.wsj.com/articles/SB980992420989222933

Fingers crossed that online-retailing survives!

cisahasa

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Quote from: inca on January 12, 2015, 06:31:48 AM

Has this source been corroborated or is it just a dodge website?

This is not a ripple forum.

no, but people should be informed scams like ripple or peercoin

inca

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Has this source been corroborated or is it just a dodge website?

This is not a ripple forum.

bigtimespaghetti

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bigtimespaghetti.com

Quote from: ElectricMucus on January 11, 2015, 09:09:59 PM

The cynic in me hopes that is actually their business model, meaning that once they run out of VC funds they get to blow up in true Bitcoin Enterprise fashion.

Ad thus balance is restored!

2dogs

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We need to see BitPay's financial statements to get more info.

cbeast

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Let's talk governance, lipstick, and pigs.

Quote from: louisreel on January 11, 2015, 11:12:49 PM

Quote

Ripple doesn't solve any problems. It's just another middleman charging more fees from your bank account. They don't have a store of value. They don't protect privacy. They can't be sent for free speech. Ripple doesn't do anything you can't do with fiat money. ApplePay will bury Ripple.

ApplyPay may do well this year, but it's largely a way of putting a bunch of your credit cards on your phone...doesn't seem all that exciting. Any plans to use it for remittance? Seems that's one of Ripple's potential edges. It ain't easy for regular people to move money around the world cheap. Bitcoin projects have tried to address it but not much so far.

I've seen more Stellar than Ripple.

louisreel

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Quote

Ripple doesn't solve any problems. It's just another middleman charging more fees from your bank account. They don't have a store of value. They don't protect privacy. They can't be sent for free speech. Ripple doesn't do anything you can't do with fiat money. ApplePay will bury Ripple.

ApplyPay may do well this year, but it's largely a way of putting a bunch of your credit cards on your phone...doesn't seem all that exciting. Any plans to use it for remittance? Seems that's one of Ripple's potential edges. It ain't easy for regular people to move money around the world cheap. Bitcoin projects have tried to address it but not much so far.

Omikifuse

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In stock market, when they fire employees the prices rise because they won't have to pay salaries.

Here we see nowhere but down trolling show.

If you think Bitpay is with financial troubles and you were a serious user, or at least a first class troll, you would use numbers and balances, not the fact they fired some people

Omikifuse

legendary

Activity: 1834

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In stock market, when they fire employees the prices rise because they won't have to pay salaries.

Here we see nowhere but down trolling show.

If you think Bitpay is with financial troubles and you were a serious user, or at least a first class troll, you would use numbers and balances, not the fact they fired some people

Bit_Happy

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A Great Time to Start Something!

^^^
Ripple is hopeless since it is centralized and too confusing for mainstream users; BTC is sometimes confusing, but a free (open-source) market can make it easy to use.

cbeast

donator

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Let's talk governance, lipstick, and pigs.

Quote from: Walsoraj on January 11, 2015, 02:34:17 PM

Quote from: GoWest on January 11, 2015, 02:19:55 PM

This source indicates that Bitpay just laid off nine staff: http://qntra.net/2015/01/bitpay-lays-off-9-employees-today/

Given the reports from the Bitcoin Bowl, almost no one is spending their Bitcoins with brick & mortar merchants.

In other news... Ripple is hiring! https://www.ripplelabs.com/careers/

https://xrptalk.org/topic/5042-ripple-labs-in-talks-with-top-15-global-telcos/

https://xrptalk.org/topic/5041-updated-exec-summary-for-financial-institutions/

2015 will be the year of Ripple.

Ripple doesn't solve any problems. It's just another middleman charging more fees from your bank account. They don't have a store of value. They don't protect privacy. They can't be sent for free speech. Ripple doesn't do anything you can't do with fiat money. ApplePay will bury Ripple.

cisahasa

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this makes things look fishy..
after so called hack..what is bitstamps connection to ripple scam?

NotHatinJustTrollin

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★Bitvest.io★ Play Plinko or Invest!

If you look around, everything bitcoin related is slowly starting to collapse.

It's funny.

gentlemand

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Welt Am Draht

Quote from: HarHarHar9965 on January 11, 2015, 04:34:22 PM

Didn't Bitpay use a chunk of their VC investment to buy BTC? What price was that at? They also hold (speculate) with BTC processed for merchant payments (just watch the addresses you send to....), so I could see them hurting from this price action.

That would be a bit daffy if they did. That shouldn't be the business they're in.

ElectricMucus

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Marketing manager - GO MP

Back two years ago during the pirateat40 ponzi they posted something about "short squeezing" pirate, essentially admitting engaging in the market.
I'm unaware of any other concrete facts, but it can be speculated that they use the VC money to pay out merchants and keep the BTC.

The cynic in me hopes that is actually their business model, meaning that once they run out of VC funds they get to blow up in true Bitcoin Enterprise fashion.

HarHarHar9965

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I may be misinformed or remembering wrong. I was only getting this secondhand some months ago.

brg444

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Bitcoin replaces central, not commercial, banks

Quote from: smoothie on January 11, 2015, 04:43:46 PM

Quote from: HarHarHar9965 on January 11, 2015, 04:34:22 PM

Didn't Bitpay use a chunk of their VC investment to buy BTC? What price was that at? They also hold (speculate) with BTC processed for merchant payments (just watch the addresses you send to....), so I could see them hurting from this price action.

Anyone got the link to this claim ^?

I think it is more likely parts of their seed investement rounds were in BTC. I know it was the case for a couple of early companies such as Armory...

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: HarHarHar9965 on January 11, 2015, 04:34:22 PM

Didn't Bitpay use a chunk of their VC investment to buy BTC? What price was that at? They also hold (speculate) with BTC processed for merchant payments (just watch the addresses you send to....), so I could see them hurting from this price action.

Anyone got the link to this claim ^?

HarHarHar9965

hero member

Activity: 994

Merit: 1000

Didn't Bitpay use a chunk of their VC investment to buy BTC? What price was that at? They also hold (speculate) with BTC processed for merchant payments (just watch the addresses you send to....), so I could see them hurting from this price action.

Topic: BitPay laid off nine employees yesterday. (Read 2833 times)